Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Shrinking team NBB
FTE fell two years in a row, from 29.3 to 15.6.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
FLANDERS INVESTMENT COMPANY from Haaltert, company number BE0428718521, closed financial year 2023 with a result of € 2.8 million after tax. For that financial year FLANDERS INVESTMENT COMPANY recorded revenue of € 13.6 million and equity of € 110.8 million. Compared with financial year 2022, the result moved from € 2.4 million to € 2.8 million. 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 July 2, 2024.
€ 110.8 million
▲ 3% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.8 million
▲ 14% vs 2022
Profit after tax over the fiscal year.
€ 2.7 million
▼ 93% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 58 million.
People and assets in 2023
15.6
▼ 10.5 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▼ 7% vs 2022
€ 113,700 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.
€ 58,201
▼ 60% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 23.1 million
▼ 12% vs 2022
€ 3 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 1.4 million
▲ 97% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 79 days on average.
€ 1 million
▲ € 980,791 vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 22,739,057 | € 16,640,267 | € 13,625,511 | ▼ 18% |
| Profit after taxes | € 13,003,283 | € 2,448,901 | € 2,789,733 | ▲ 14% |
| Equity | € 105,530,534 | € 107,979,436 | € 110,769,169 | ▲ 3% |
| Total debts | € 83,290,664 | € 68,852,117 | € 57,057,394 | ▼ 17% |
| Cash | € 40,548,640 | € 39,289,640 | € 2,738,061 | ▼ 93% |
| Land & buildings | € 131,551,728 | € 127,914,928 | € 133,922,692 | ▲ 5% |
| Retained profit | € 52,800,750 | € 55,249,651 | € 58,039,385 | ▲ 5% |
| Bank debt | € 29,231,638 | € 26,153,846 | € 23,142,316 | ▼ 12% |
| Balance sheet total | € 192,975,994 | € 181,442,110 | € 172,702,776 | ▼ 5% |
| Employees (FTE) | 29.3 | 26.1 | 15.6 | ▼ 10.5 |
Key figures of FLANDERS INVESTMENT COMPANY, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to FLANDERS INVESTMENT COMPANY?
What happened at FLANDERS INVESTMENT COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mieke Michiels stepped down as director. NBB
- ENISOR BV stepped down as director. NBB
- Hans Carpels BV stepped down as director. NBB
- New annual accounts for financial year 2023: profit of € 2.8 million (▲ 14% vs 2022). Source: NBB ↗
- Mieke Michiels became a director. NBB
- ENISOR BV became a director. NBB
- Hans Carpels BV became a director. NBB
- New establishment in Haaltert. KBO
In short
From € 13 million profit in 2021 to € 2.8 million profit in 2023.
Paid € 1.3 million in corporate taxes since 2021.
Best year ever: 2021, with € 13 million profit.
Pays suppliers within 79 days on average.
Management
It owns 100% of MEIR 6163, 97.6% of Hof Somergem, 49.5% of Immobilière Alhambra and 11.3% of Beroepskrediet Willy Michiels itself.
Directors
According to the 2023 annual accounts
Director · represented by Johan De Clercq
Also active at: Beroepskrediet Willy Michiels, HOF SOMERGEM, Société de l'Abbaye, WIELEN EN MOTOREN, ASCOT BELGIUM, IMMOBILIERE ALHAMBRA, JUSTBITE, MEIR 6163 +3 more
since 2021 · until 2027
Mieke Michiels
Director
Also active at: Beroepskrediet Willy Michiels, HOF SOMERGEM, Société de l'Abbaye, MEIR 6163, SIKB IMMO, FICO Energy
since 2022 · until 2028
Director · represented by Joannes Carpels
Also active at: Beroepskrediet Willy Michiels, HOF SOMERGEM, Société de l'Abbaye, WIELEN EN MOTOREN, IMMOBILIERE ALHAMBRA, MEIR 6163, SIKB IMMO, FICO Energy
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Wijngaardstraat(KE) 34
9451 Haaltert
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →HOF SOMERGEM same network
€ 2.7 million gross margin · 2025
Société de l'Abbaye same network
€ 1.3 million gross margin · 2025
Halfoogstfeesten
MEIR 6163 same network
€ 644,666 gross margin · 2025
SIKB IMMO same network
€ 381,972 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.718.521
- VAT number
- BE 0428.718.521
- Registered office
- Wijngaardstraat(KE) 34, 9451 Haaltert
- Names & denominations
- FLANDERS INVESTMENT COMPANY · FICO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 March 1986
- Peppol
- Active · Active since 2 Sept 2023
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Ontwikkeling van niet-residentiële bouwprojecten
Ontwikkeling van residentiële bouwprojecten
Verhuur en exploitatie van terreinen
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Handel in eigen onroerend goed
Projectontwikkeling voor infrastructuurwerken
+3