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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
LE FOURNIL DE MICHEL from Flémalle, company number BE0437194935, closed financial year 2025 with a result of € 2,734 after tax. For that financial year LE FOURNIL DE MICHEL recorded a gross margin of € -513 and equity of € -27,704. Compared with financial year 2024, the result moved from € -11,766 to € 2,734. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ -27,704
▲ € 2,734 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,734
▲ still € 11,766 loss in 2024
Profit after tax over the fiscal year.
€ 14,706
▲ 168% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -223,648.
People and assets in 2025
2.4
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 14,219
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 66
▼ 88% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 309,712 | € 3,724 | € -20,650 | € -513 | ▲ € 20,137 |
| Profit after taxes | € -63,968 | € -70,042 | € -11,766 | € 2,734 | ▲ € 14,500 |
| Equity | € 51,371 | € -18,671 | € -30,438 | € -27,704 | ▲ € 2,734 |
| Total debts | € 548,049 | € 404,376 | € 58,932 | € 45,272 | ▼ 23% |
| Cash | € 190,698 | € 7,321 | € 5,482 | € 14,706 | ▲ 168% |
| Land & buildings | € 1,928 | € 1,928 | € 1,928 | € 1,928 | |
| Retained profit | € -144,573 | € -214,615 | € -226,381 | € -223,648 | ▲ € 2,734 |
| Balance sheet total | € 599,420 | € 385,705 | € 28,494 | € 17,568 | ▼ 38% |
| Employees (FTE) | 12.3 | 4.6 | 2.4 | 2.4 |
Key figures of LE FOURNIL DE MICHEL, 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 LE FOURNIL DE MICHEL?
What happened at LE FOURNIL DE MICHEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
LE FOURNIL DE MICHEL is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: profit of € 2,734. Source: NBB ↗
- Erwin. KRAWENKEL. became a director. NBB
- New establishment in Flémalle. KBO
- Start of the company according to the CBE. KBO
In short
From € 63,968 loss in 2022 to € 2,734 profit in 2025.
Best year ever: 2025, with € 2,734 profit.
On average € 800 of value added per employee in 2023.
A new publication or filing at LE FOURNIL DE MICHEL? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of HOMIKRA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LE FOURNIL DE MICHELBehind LE FOURNIL DE MICHEL is Erwin. KRAWENKEL.. The shares are held by HOMIKRA (99.9%).
Directors
According to the 2025 annual accounts
Erwin. KRAWENKEL.
Liquidator
since 2023
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Jules Beaumont 11
4400 Flémalle
Rue Jules Beaumont 26
4400 Flémalle
Active since 1 April 2010
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.194.935
- VAT number
- BE 0437.194.935
- Registered office
- Rue Jules Beaumont 11, 4400 Flémalle
- Names & denominations
- LE FOURNIL DE MICHEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 6 April 1989
- Peppol
- Active · Active since 20 Nov 2020
- Contact
- fournildemichel.be [email protected]
- Activities · NACE
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk
Artisanale brood- en banketbakkerijen