What does MICHAND do?

MICHAND is registered with the CBE as active in: Goederenvervoer over zee- en kustwateren. Public Limited, started on 16 March 1994, 1 establishment.

What is the address of MICHAND?

The registered office of MICHAND is located at Rozenlaan 6, 2970 Schilde.

Is MICHAND still active?

Yes. According to the CBE (31 October 2026) MICHAND is active, legal situation “Normale toestand”, started on 16 March 1994.

Is MICHAND registered on Peppol?

Yes, MICHAND is registered on the Peppol network with ID 0208:0452325450.

What is the enterprise number of MICHAND?

The enterprise number of MICHAND is BE0452325450.

When was MICHAND founded?

MICHAND was founded on 16 March 1994.

Who are the directors of MICHAND?

According to the 2025 annual accounts, the directors of MICHAND are: Vermeylen Investment Company BV, Verfinco NV.

Is MICHAND a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 16 March 1994; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did MICHAND make in 2025?

MICHAND posted a profit after taxes of € 867,118 in financial year 2025.

What is the revenue of MICHAND?

As a small company, MICHAND is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 3,074,583.

How much does an employee at MICHAND earn?

The average wage cost per full-time employee at MICHAND was € 97,500 in 2025: staff costs of € 419,159 for 4.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MICHAND have?

According to the 2025 annual accounts, MICHAND has 4.3 full-time equivalents (FTE).

MICHAND (Public Limited) - Schilde - BE0452325450

Dossier MICHAND, printed on 31 October 2026 from databakkes.be/en/0452325450/michand. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

MICHAND from Schilde, company number BE0452325450, closed financial year 2025 with a result of € 867,118 after tax. For that financial year MICHAND recorded a gross margin of € 3.1 million and equity of € 6.6 million. Compared with financial year 2024, the result moved from € 732,707 to € 867,118. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.

What it is worth Healthy

€ 6.6 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 867,118

▲ 18% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 72,436

▲ 136% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 895,000 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

4.3

▼ 0.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 419,159

▲ 2% vs 2024

€ 97,500 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.

Vehicles and equipment

€ 31,198

▼ 37% vs 2024

Of which on lease € 1,699.

Debts at end 2025

Bank debt ≈ 11 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 22.3 million

▲ 21% vs 2024

€ 2.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 313,827

▲ € 260,627 vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 38,556

▼ 41% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,427,010 Gross margin 2022: € 1,427,010 First fiscal year in the series	€ 830,773 Gross margin 2023: € 830,773 ▼ 42% vs 2022 (€ 1,427,010) Unfavourable step	€ 2,384,307 Gross margin 2024: € 2,384,307 ▲ 187% vs 2023 (€ 830,773) Favourable step	€ 3,074,583 Gross margin 2025: € 3,074,583 ▲ 29% vs 2024 (€ 2,384,307) Favourable step	▲ 29%
Profit after taxes	€ 351,151 Profit after taxes 2022: € 351,151 First fiscal year in the series	€ -78,897 Profit after taxes 2023: € -78,897 ▼ € 430,048 vs 2022 (€ 351,151) Unfavourable step	€ 732,707 Profit after taxes 2024: € 732,707 ▲ € 811,604 vs 2023 (€ -78,897) Favourable step	€ 867,118 Profit after taxes 2025: € 867,118 ▲ 18% vs 2024 (€ 732,707) Favourable step	▲ 18%
Equity	€ 4,370,914 Equity 2022: € 4,370,914 First fiscal year in the series	€ 6,600,162 Equity 2023: € 6,600,162 ▲ 51% vs 2022 (€ 4,370,914) Favourable step	€ 6,617,869 Equity 2024: € 6,617,869 Unchanged (€ 6,600,162) Favourable step	€ 6,589,987 Equity 2025: € 6,589,987 Unchanged (€ 6,617,869) Unfavourable step
Total debts	€ 9,011,159 Total debts 2022: € 9,011,159 First fiscal year in the series	€ 14,818,500 Total debts 2023: € 14,818,500 ▲ 64% vs 2022 (€ 9,011,159) Unfavourable step	€ 19,230,594 Total debts 2024: € 19,230,594 ▲ 30% vs 2023 (€ 14,818,500) Unfavourable step	€ 23,578,329 Total debts 2025: € 23,578,329 ▲ 23% vs 2024 (€ 19,230,594) Unfavourable step	▲ 23%
Cash	€ 3,593 Cash 2022: € 3,593 First fiscal year in the series	€ 24,893 Cash 2023: € 24,893 ▲ € 21,300 vs 2022 (€ 3,593) Favourable step	€ 30,730 Cash 2024: € 30,730 ▲ 23% vs 2023 (€ 24,893) Favourable step	€ 72,436 Cash 2025: € 72,436 ▲ 136% vs 2024 (€ 30,730) Favourable step	▲ 136%
Land & buildings	€ 1,311,540 Land & buildings 2022: € 1,311,540 First fiscal year in the series	€ 1,265,351 Land & buildings 2023: € 1,265,351 ▼ 4% vs 2022 (€ 1,311,540) Unchanged	€ 812,693 Land & buildings 2024: € 812,693 ▼ 36% vs 2023 (€ 1,265,351) Unchanged	€ 781,736 Land & buildings 2025: € 781,736 ▼ 4% vs 2024 (€ 812,693) Unchanged	▼ 4%
Retained profit	€ 4,060,914 Retained profit 2022: € 4,060,914 First fiscal year in the series	€ 6,290,162 Retained profit 2023: € 6,290,162 ▲ 55% vs 2022 (€ 4,060,914) Favourable step	€ 6,307,869 Retained profit 2024: € 6,307,869 Unchanged (€ 6,290,162) Favourable step	€ 6,279,987 Retained profit 2025: € 6,279,987 Unchanged (€ 6,307,869) Unfavourable step
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 715,000 Dividend 2024: € 715,000 Unchanged (€ 0) Unchanged	€ 895,000 Dividend 2025: € 895,000 ▲ 25% vs 2024 (€ 715,000) Unchanged	▲ 25%
Bank debt	€ 8,487,217 Bank debt 2022: € 8,487,217 First fiscal year in the series	€ 12,471,076 Bank debt 2023: € 12,471,076 ▲ 47% vs 2022 (€ 8,487,217) Unfavourable step	€ 18,375,679 Bank debt 2024: € 18,375,679 ▲ 47% vs 2023 (€ 12,471,076) Unfavourable step	€ 22,321,962 Bank debt 2025: € 22,321,962 ▲ 21% vs 2024 (€ 18,375,679) Unfavourable step	▲ 21%
Balance sheet total	€ 14,174,975 Balance sheet total 2022: € 14,174,975 First fiscal year in the series	€ 22,795,375 Balance sheet total 2023: € 22,795,375 ▲ 61% vs 2022 (€ 14,174,975) Unchanged	€ 27,329,935 Balance sheet total 2024: € 27,329,935 ▲ 20% vs 2023 (€ 22,795,375) Unchanged	€ 31,727,384 Balance sheet total 2025: € 31,727,384 ▲ 16% vs 2024 (€ 27,329,935) Unchanged	▲ 16%
Employees (FTE)	5.4 Employees (FTE) 2022: 5.4 First fiscal year in the series	4.7 Employees (FTE) 2023: 4.7 ▼ 0.7 vs 2022 (5.4) Unchanged	4.4 Employees (FTE) 2024: 4.4 ▼ 0.3 vs 2023 (4.7) Unchanged	4.3 Employees (FTE) 2025: 4.3 ▼ 0.1 vs 2024 (4.4) Unchanged	▼ 0.1

Key figures of MICHAND, 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 MICHAND?

What happened at MICHAND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 16, 2026 New annual accounts for financial year 2025: profit of € 867,118 (▲ 18% vs 2024). Source: NBB ↗
Sep 14, 2000 New establishment in Schilde. KBO
Mar 16, 1994 Start of the company according to the CBE. KBO

In short

From € 351,151 profit in 2022 to € 867,118 profit in 2025.

Paid € 164,607 in corporate taxes since 2022.

Best year ever: 2025, with € 867,118 profit.

On average € 715,000 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

VERFINCO 100%

The stake of VERFINCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

MICHAND

Bened Shipping 100%

Rowa Shipping 99.1%

Behind MICHAND are Vermeylen Investment Company BV and Verfinco NV. The shares are held by VERFINCO (100%). It owns 100% of Bened Shipping and 99.1% of Rowa Shipping itself.

Directors

According to the 2025 annual accounts

Vermeylen Investment Company BV

Director · represented by Tom Vermeylen

Also active at: ALL MARITIME SERVICES, GENERAL BUNKERING SERVICES, VERFINCO, PONTUS TANKERS, BENED SHIPPING, ROWA SHIPPING

Verfinco NV

Director · represented by Royal Fuel Transport, vertegenwoordigd door Erik Vermeylen

Also active at: ALL MARITIME SERVICES, GENERAL BUNKERING SERVICES, PONTUS TANKERS, MARINE SUPPORT, BENED SHIPPING, Marine Oil Services, ROWA SHIPPING

Shareholders

VERFINCO

100%

Participations

Bened Shipping

100%

Rowa Shipping

99.1%

Establishments

Establishment units

Physical locations of this company

Registered office

Rozenlaan 6

2970 Schilde

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 →

Royal Fuel Transport

€ -10,373 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0452.325.450

VAT number

BE 0452.325.450

Registered office

Rozenlaan 6, 2970 Schilde

Names & denominations

MICHAND

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

16 March 1994

Peppol

Active · Active since 27 Mar 2026

Activities · NACE

Goederenvervoer over zee- en kustwateren

Zee- en kustvaart

Binnenvaart

Goederenvervoer over binnenwateren

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

View on CBE Public ↗ Annual accounts (NBB) ↗

MICHAND

Financials

What happened to MICHAND?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions