Financials
Financial year 2025
Gebroeders Michiels from Sint-Katelijne-Waver, company number BE0445247123, closed financial year 2025 with a result of € 174,642 after tax. For that financial year Gebroeders Michiels recorded revenue of € 18.2 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 198,099 to € 174,642. The company is profitable. 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 June 19, 2026.
€ 1.5 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 174,642
▼ 12% vs 2024
Profit after tax over the fiscal year.
€ 399,898
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 151,200 paid out
87 % of the profit went to the shareholders, mostly to FRAMIBEL (100 % of the shares). That is where the money ends up.
People and assets in 2025
6.1
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 433,014
▼ 13% vs 2024
€ 71,000 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.
€ 25,213
▼ 44% vs 2024
Of which on lease € 14,308.
Debts at end 2025
€ 165,276
▲ € 143,814 vs 2024
€ 5,916 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 497,280
▼ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 42,615
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 20,487,484 | € 20,719,351 | € 18,165,338 | ▼ 12% |
| Gross margin | € 1,487,118 | € 796,019 | € 843,996 | € 734,894 | ▼ 13% |
| Profit after taxes | € 395,825 | € 255,796 | € 198,099 | € 174,642 | ▼ 12% |
| Equity | € 1,199,288 | € 1,455,084 | € 1,461,663 | € 1,485,105 | ▲ 2% |
| Total debts | € 1,696,075 | € 1,833,204 | € 1,662,664 | € 1,312,106 | ▼ 21% |
| Cash | € 630,439 | € 876,467 | € 581,080 | € 399,898 | ▼ 31% |
| Retained profit | € 1,129,554 | € 1,385,350 | € 1,391,929 | € 1,415,371 | ▲ 2% |
| Dividend | € 1,427,872 | € 0 | € 191,520 | € 151,200 | ▼ 21% |
| Bank debt | € 88,822 | € 27,380 | € 21,462 | € 165,276 | ▲ € 143,814 |
| Balance sheet total | € 2,895,362 | € 3,288,288 | € 3,124,327 | € 2,797,211 | ▼ 10% |
| Employees (FTE) | 12.7 | 6.4 | 7 | 6.1 | ▼ 0.9 |
Key figures of Gebroeders 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 Gebroeders Michiels?
What happened at Gebroeders Michiels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michiels N. COMMV stepped down as director. NBB
- DENDAUW-VAN COILLIE COMMV stepped down as director. NBB
- FRAMIBEL NV stepped down as director. NBB
- CLOVIS BV stepped down as director. NBB
- Sali COMMV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 174,642 (▼ 12% vs 2024). Source: NBB ↗
- Michiels N. COMMV became a director. NBB
- DENDAUW-VAN COILLIE COMMV became a director. NBB
In short
From € 395,825 profit in 2022 to € 174,642 profit in 2025.
Paid € 280,871 in corporate taxes since 2022.
Best year ever: 2022, with € 395,825 profit.
On average € 120,500 of value added per employee in 2025.
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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 shares are held by FRAMIBEL (100%).
Directors
According to the 2025 annual accounts
Director · represented by Michiels Nick
Also active at: FRANS MICHIELS & ZONEN, FMB-Logistics, FRAMIBEL
since 2022 · until 2027
Managing director · represented by Dendauw Pol
Also active at: FRANS MICHIELS & ZONEN, FMB-Logistics, ARDELICE, FRAMIBEL, CUVELIER FRUIT
since 2022 · until 2027
Managing director · represented by Buyck Jeroen
Also active at: FRANS MICHIELS & ZONEN, FMB-Logistics
since 2022 · until 2027
Managing director · represented by Buyck Charlotte
Also active at: Calsa Logistics, CALSA, FRANS MICHIELS & ZONEN, FMB-Logistics, AMATUS, ARDELICE
since 2022 · until 2027
Director · represented by Stijnen Gerd
Also active at: FRANS MICHIELS & ZONEN, FMB-Logistics, FRAMIBEL
since 2022 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kempenarestraat 50A box 1
2860 Sint-Katelijne-Waver
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.
Details
- Company number
- 0445.247.123
- VAT number
- BE 0445.247.123
- Registered office
- Kempenarestraat 50A bus 1, 2860 Sint-Katelijne-Waver
- Names & denominations
- Gebroeders Michiels
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 September 1991
- Peppol
- Active · Active since 24 Dec 2025
- Contact
- [email protected] 015556582
- Activities · NACE
Groothandel in groenten en fruit, muv consumptieaardappelen
Groothandel in groenten en fruit