What does Michiels do?

Michiels is a wholesaler in Brussel. Public Limited, started on 29 June 1983, 3 establishments.

What is the address of Michiels?

The registered office of Michiels is located at Jean de Bolognelaan 2 box 9, 1020 Brussel.

Is Michiels still active?

Yes. According to the CBE (30 October 2026) Michiels is active, legal situation “Normale toestand”, started on 29 June 1983.

Is Michiels registered on Peppol?

Yes, Michiels is registered on the Peppol network with ID 0208:0424155462.

What is the enterprise number of Michiels?

The enterprise number of Michiels is BE0424155462.

When was Michiels founded?

Michiels was founded on 29 June 1983.

Who are the directors of Michiels?

According to the 2025 annual accounts, the directors of Michiels are: Malt Capital SRL, InvestEncour SRL.

Is Michiels a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 June 1983; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 3 establishments in the CBE.

How much profit did Michiels make in 2025?

Michiels posted a profit after taxes of € 342,003 in financial year 2025.

What is the revenue of Michiels?

As a small company, Michiels is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,045,980.

How much does an employee at Michiels earn?

The average wage cost per full-time employee at Michiels was € 79,800 in 2025: staff costs of € 390,800 for 4.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Michiels have?

According to the 2025 annual accounts, Michiels has 4.9 full-time equivalents (FTE).

Michiels (Public Limited) - Brussel - BE0424155462

Dossier Michiels, printed on 30 October 2026 from databakkes.be/en/0424155462/michiels. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Figures corrected NBB

Corrected annual account filed for 2023.

Financials

Financial year 2025

Michiels from Brussel, company number BE0424155462, closed financial year 2025 with a result of € 342,003 after tax. For that financial year Michiels recorded a gross margin of € 1 million and equity of € 3.8 million. Compared with financial year 2024, the result moved from € 82,952 to € 342,003. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 21, 2026.

What it is worth Growing

€ 3.8 million

▲ 10% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 342,003

▲ € 259,051 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.4 million

▲ 14% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 3.7 million.

People and assets in 2025

Full-time equivalents

4.9

▼ 1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 390,800

▼ 21% vs 2024

€ 79,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 563

▼ 97% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 1.1 million

▼ 25% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 149,620

▲ 49% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,161,455 Gross margin 2022: € 1,161,455 First fiscal year in the series	€ 1,310,649 Gross margin 2023: € 1,310,649 ▲ 13% vs 2022 (€ 1,161,455) Favourable step	€ 718,622 Gross margin 2024: € 718,622 ▼ 45% vs 2023 (€ 1,310,649) Unfavourable step	€ 1,045,980 Gross margin 2025: € 1,045,980 ▲ 46% vs 2024 (€ 718,622) Favourable step	▲ 46%
Profit after taxes	€ 374,246 Profit after taxes 2022: € 374,246 First fiscal year in the series	€ 364,508 Profit after taxes 2023: € 364,508 ▼ 3% vs 2022 (€ 374,246) Unfavourable step	€ 82,952 Profit after taxes 2024: € 82,952 ▼ 77% vs 2023 (€ 364,508) Unfavourable step	€ 342,003 Profit after taxes 2025: € 342,003 ▲ € 259,051 vs 2024 (€ 82,952) Favourable step	▲ € 259,051
Equity	€ 3,284,707 Equity 2022: € 3,284,707 First fiscal year in the series	€ 3,348,494 Equity 2023: € 3,348,494 ▲ 2% vs 2022 (€ 3,284,707) Favourable step	€ 3,430,725 Equity 2024: € 3,430,725 ▲ 2% vs 2023 (€ 3,348,494) Favourable step	€ 3,772,010 Equity 2025: € 3,772,010 ▲ 10% vs 2024 (€ 3,430,725) Favourable step	▲ 10%
Total debts	€ 3,279,673 Total debts 2022: € 3,279,673 First fiscal year in the series	€ 1,575,076 Total debts 2023: € 1,575,076 ▼ 52% vs 2022 (€ 3,279,673) Favourable step	€ 2,252,831 Total debts 2024: € 2,252,831 ▲ 43% vs 2023 (€ 1,575,076) Unfavourable step	€ 1,227,098 Total debts 2025: € 1,227,098 ▼ 46% vs 2024 (€ 2,252,831) Favourable step	▼ 46%
Cash	€ 102,442 Cash 2022: € 102,442 First fiscal year in the series	€ 1,206,732 Cash 2023: € 1,206,732 ▲ € 1.1 million vs 2022 (€ 102,442) Favourable step	€ 1,228,627 Cash 2024: € 1,228,627 ▲ 2% vs 2023 (€ 1,206,732) Favourable step	€ 1,402,688 Cash 2025: € 1,402,688 ▲ 14% vs 2024 (€ 1,228,627) Favourable step	▲ 14%
Land & buildings	€ 362,013 Land & buildings 2022: € 362,013 First fiscal year in the series	€ 335,874 Land & buildings 2023: € 335,874 ▼ 7% vs 2022 (€ 362,013) Unchanged	€ 309,735 Land & buildings 2024: € 309,735 ▼ 8% vs 2023 (€ 335,874) Unchanged	€ 0 Land & buildings 2025: € 0 ▼ 100% vs 2024 (€ 309,735) Unchanged	▼ 100%
Retained profit	€ 3,214,051 Retained profit 2022: € 3,214,051 First fiscal year in the series	€ 3,278,559 Retained profit 2023: € 3,278,559 ▲ 2% vs 2022 (€ 3,214,051) Favourable step	€ 3,361,512 Retained profit 2024: € 3,361,512 ▲ 3% vs 2023 (€ 3,278,559) Favourable step	€ 3,703,518 Retained profit 2025: € 3,703,518 ▲ 10% vs 2024 (€ 3,361,512) Favourable step	▲ 10%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 300,000 Dividend 2023: € 300,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 300,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 1,795,257 Bank debt 2022: € 1,795,257 First fiscal year in the series	€ 213,938 Bank debt 2023: € 213,938 ▼ 88% vs 2022 (€ 1,795,257) Favourable step	€ 24,966 Bank debt 2024: € 24,966 ▼ 88% vs 2023 (€ 213,938) Favourable step	€ 0 Bank debt 2025: € 0 ▼ 100% vs 2024 (€ 24,966) Favourable step	▼ 100%
Balance sheet total	€ 6,610,647 Balance sheet total 2022: € 6,610,647 First fiscal year in the series	€ 4,961,973 Balance sheet total 2023: € 4,961,973 ▼ 25% vs 2022 (€ 6,610,647) Unchanged	€ 5,719,089 Balance sheet total 2024: € 5,719,089 ▲ 15% vs 2023 (€ 4,961,973) Unchanged	€ 5,002,452 Balance sheet total 2025: € 5,002,452 ▼ 13% vs 2024 (€ 5,719,089) Unchanged	▼ 13%
Employees (FTE)	-	5.9 Employees (FTE) 2023: 5.9 First fiscal year in the series	5.9 Employees (FTE) 2024: 5.9 Unchanged (5.9) Unchanged	4.9 Employees (FTE) 2025: 4.9 ▼ 1 vs 2024 (5.9) Unchanged	▼ 1

Key figures of Michiels, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Michiels?

What happened at Michiels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Malt Capital SRL stepped down as director. NBB
2031 InvestEncour SRL stepped down as director. NBB
Aug 21, 2026 New annual accounts for financial year 2025: profit of € 342,003 (▲ € 259,051 vs 2024). filed late Source: NBB ↗
2025 Malt Capital SRL became a director. NBB
2025 InvestEncour SRL became a director. NBB
Jun 30, 2017 New establishment in Brussel. KBO
Jan 1, 2015 New establishment in Libramont-Chevigny. KBO
Jul 1, 1983 New establishment in Grimbergen. KBO

In short

From € 374,246 profit in 2022 to € 342,003 profit in 2025.

Paid € 573,990 in corporate taxes since 2022.

Best year ever: 2022, with € 374,246 profit.

On average € 213,500 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

ELU HoldCo

Michiels

The shares are held by ELU HoldCo.

Directors

According to the 2025 annual accounts

Malt Capital SRL

Director · represented by Mathieu de Schietere de Lophem

Also active at: TSHANGA

since 2025 · until 2031

InvestEncour SRL

Director · represented by Olivier Cleenewerck de Crayencour

Also active at: TSHANGA

since 2025 · until 2031

Shareholders

ELU HoldCo

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Jean de Bolognelaan 2 box 9

1020 Brussel

2.022.740.109

Luitberg 2

1853 Grimbergen

Active since 1 July 1983

2.238.633.702

Presseux,Devant le Spinet 37

6800 Libramont-Chevigny

Active since 1 January 2015

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

Association des copropriétaires de la Résidence Les Pagodes à Laeken, avenue Jean de Bologne, 2 à l'angle de l'avenue des Croix

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0424.155.462

VAT number

BE 0424.155.462

Registered office

Jean de Bolognelaan 2 bus 9, 1020 Brussel

Names & denominations

Michiels

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

29 June 1983

Peppol

Active · Active since 7 Jan 2026

Activities · NACE

Groothandel in farmaceutische en medische artikelen

Groothandel in farmaceutische producten

View on CBE Public ↗ Annual accounts (NBB) ↗

Michiels

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Financials

What happened to Michiels?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions