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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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
TUINCENTER MICHIELS from Herselt, company number BE0439598951, closed financial year 2024 with a result of € 54,589 after tax. For that financial year TUINCENTER MICHIELS recorded a gross margin of € 362,869 and equity of € 733,506. Compared with financial year 2023, the result moved from € 53,236 to € 54,589. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 3, 2025.
€ 733,506
▼ 36% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 54,589
▲ 3% vs 2023
Profit after tax over the fiscal year.
€ 53,117
▼ 4% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 463,787 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
6.2
▲ 0.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 183,038
▼ 3% vs 2023
€ 29,500 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.
€ 56,130
▼ 31% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 975,844
▲ 22% vs 2023
€ 390,193 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 76,401
▲ 27% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 26,591
▼ 23% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 437,614 | € 412,645 | € 363,456 | € 362,869 | |
| Profit after taxes | € 142,542 | € 84,073 | € 53,236 | € 54,589 | ▲ 3% |
| Equity | € 1,005,394 | € 1,089,467 | € 1,142,704 | € 733,506 | ▼ 36% |
| Total debts | € 818,160 | € 813,022 | € 906,338 | € 1,167,690 | ▲ 29% |
| Cash | € 55,293 | € 85,618 | € 55,162 | € 53,117 | ▼ 4% |
| Land & buildings | € 1,044,485 | € 1,013,209 | € 954,841 | € 897,884 | ▼ 6% |
| Retained profit | € 986,794 | € 1,070,867 | € 1,124,104 | € 714,906 | ▼ 36% |
| Dividend | € 0 | € 0 | € 0 | € 463,787 | |
| Bank debt | € 608,384 | € 648,927 | € 797,265 | € 975,844 | ▲ 22% |
| Balance sheet total | € 1,823,555 | € 1,902,490 | € 2,049,042 | € 1,901,196 | ▼ 7% |
| Employees (FTE) | 6.3 | 6.3 | 6.1 | 6.2 | ▲ 0.1 |
Key figures of TUINCENTER MICHIELS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TUINCENTER MICHIELS?
What happened at TUINCENTER MICHIELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 54,589 (▲ 3% vs 2023). filed late Source: NBB ↗
- DAVY MICHIELS became a director. NBB
- New establishment in Herselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 142,542 profit in 2021 to € 54,589 profit in 2024.
Paid € 119,568 in corporate taxes since 2021.
Best year ever: 2021, with € 142,542 profit.
On average € 58,500 of value added per employee in 2024.
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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
Behind TUINCENTER MICHIELS is DAVY MICHIELS.
Directors
According to the 2024 annual accounts
DAVY MICHIELS
Director
since 2002
Establishments
Establishment units
Physical locations of this company
Westerlosesteenweg 81A
2230 Herselt
Westerlosesteenweg 81 A
2230 Herselt
Active since 9 February 1990
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.598.951
- VAT number
- BE 0439.598.951
- Registered office
- Westerlosesteenweg 81A, 2230 Herselt
- Names & denominations
- TUINCENTER MICHIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 1990
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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