Financials
Financial year 2025
TRANSPORT MICHIELS from Hulshout, company number BE0434839518, closed financial year 2025 with a result of € -51,391 after tax. For that financial year TRANSPORT MICHIELS recorded revenue of € 42 million and equity of € 7.4 million. Compared with financial year 2024, the result moved from € 467,699 to € -51,391. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 7.4 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -51,391
▼ still € 467,699 profit in 2024
Profit after tax over the fiscal year.
€ 146,312
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7.2 million.
People and assets in 2025
206.8
▼ 8.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 13.7 million
▼ 2% vs 2024
€ 66,200 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.
€ 7.3 million
▼ 12% vs 2024
Of which on lease € 5.6 million.
Debts at end 2025
€ 7.9 million
▼ 6% vs 2024
€ 2.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 4 million
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 2.6 million
▲ 44% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 41,882,457 | € 42,232,626 | € 42,116,633 | € 42,033,356 | |
| Profit after taxes | € 528,536 | € 663,189 | € 467,699 | € -51,391 | ▼ € 519,090 |
| Equity | € 6,354,760 | € 7,017,949 | € 7,485,648 | € 7,434,257 | ▼ 1% |
| Total debts | € 12,762,899 | € 12,756,168 | € 13,061,462 | € 14,446,949 | ▲ 11% |
| Cash | € 1,281,953 | € 1,579,054 | € 1,742,319 | € 146,312 | ▼ 92% |
| Retained profit | € 6,075,300 | € 6,738,490 | € 7,206,189 | € 7,154,797 | ▼ 1% |
| Bank debt | € 7,538,352 | € 8,086,447 | € 8,367,792 | € 7,852,130 | ▼ 6% |
| Balance sheet total | € 19,143,565 | € 19,802,514 | € 20,572,895 | € 21,906,991 | ▲ 6% |
| Employees (FTE) | 216.2 | 219.2 | 215 | 206.8 | ▼ 8.2 |
Key figures of TRANSPORT 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 TRANSPORT MICHIELS?
What happened at TRANSPORT MICHIELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 51,391 (▼ € 519,090 vs 2024). Source: NBB ↗
- Nathalie Peleman became a director. NBB
- Philip Salaerts became a director. NBB
- New establishment in Hulshout. KBO
- Start of the company according to the CBE. KBO
In short
From € 528,536 profit in 2022 to € 51,391 loss in 2025.
Paid € 662,807 in corporate taxes since 2022.
Best year ever: 2023, with € 663,189 profit.
Pays suppliers within 57 days on average.
Management
The stake of WEST-BEHEER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TRANSPORT MICHIELSBehind TRANSPORT MICHIELS are Nathalie Peleman and Philip Salaerts. The shares are held by WEST-BEHEER (80%).
Directors
According to the 2025 annual accounts
since 2025
Philip Salaerts
Director
Also active at: A.A.D. Speed-Colli, Vegetra, TRM Services, BRANT LOGISTIC INFORMATION TECHNOLOGY SERVICES BELGIUM, FORLOG, BOOSTER - EXPRESS, DISTRI-LOG TRANSPORT, SALINCO +3 more
since 2025
Shareholders
80%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zuidgoordijkstraat 1
2235 Hulshout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0434.839.518
- VAT number
- BE 0434.839.518
- Registered office
- Zuidgoordijkstraat 1, 2235 Hulshout
- Names & denominations
- TRANSPORT MICHIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 July 1988
- Peppol
- Active · Active since 22 Dec 2025
- Contact
- transportmichiels.be
- Activities · NACE
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