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 46 % of short-term debt in 2024; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
MICHIELS from Zedelgem, company number BE0451701284, closed financial year 2024 with a result of € -2,164 after tax. For that financial year MICHIELS recorded a gross margin of € 16,413 and equity of € 136,815. Compared with financial year 2023, the result moved from € 1,287 to € -2,164. The company made a loss. 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 November 7, 2025.
€ 136,815
▼ 2% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,164
▼ still € 1,287 profit in 2023
Profit after tax over the fiscal year.
€ 17,225
▲ 22% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -49,225.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 8,636
▲ 215% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 5,940 | € 2,936 | € 19,216 | € 16,413 | ▼ 15% |
| Profit after taxes | € -30,262 | € -25,853 | € 1,287 | € -2,164 | ▼ € 3,450 |
| Equity | € 163,545 | € 137,693 | € 138,979 | € 136,815 | ▼ 2% |
| Total debts | € 188,223 | € 246,623 | € 89,974 | € 95,868 | ▲ 7% |
| Cash | € 7,426 | € 161,678 | € 14,106 | € 17,225 | ▲ 22% |
| Land & buildings | € 321,318 | € 186,789 | € 175,399 | € 164,010 | ▼ 6% |
| Retained profit | € -22,494 | € -48,347 | € -47,061 | € -49,225 | ▼ € 2,164 |
| Balance sheet total | € 351,768 | € 384,315 | € 228,953 | € 232,683 | ▲ 2% |
Key figures of 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 MICHIELS?
What happened at MICHIELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 2,164 (▼ € 3,450 vs 2023). filed late Source: NBB ↗
- Véronique Poels became a director. NBB
- New establishment in Zedelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 30,262 loss in 2021 to € 2,164 loss in 2024.
Paid € 25,290 in corporate taxes since 2021.
Best year ever: 2023, with € 1,287 profit.
Management
Behind MICHIELS are Véronique Poels and Marc Vanbrabant. The same people are also behind VANPO.
Establishments
Establishment units
Physical locations of this company
Notenbosdreef 6
8210 Zedelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0451.701.284
- VAT number
- BE 0451.701.284
- Registered office
- Notenbosdreef 6, 8210 Zedelgem
- Names & denominations
- MICHIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 January 1994
- Peppol
- Not registered