Financials
Financial year 2025
MICHIELSEN DECORATIE from Kapellen, company number BE0457587503, closed financial year 2025 with a result of € 30,685 after tax. For that financial year MICHIELSEN DECORATIE recorded a gross margin of € 216,798 and equity of € 307,584. Compared with financial year 2024, the result moved from € 49,943 to € 30,685. 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 3, 2026.
€ 307,584
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,685
▼ 39% vs 2024
Profit after tax over the fiscal year.
€ 248,685
▼ 7% 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 € 288,992.
People and assets in 2025
€ 138,187
▲ 2% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 8,807
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 206,908
▼ 8% vs 2024
€ 18,743 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 23,777
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,253
▼ 44% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 174,088 | € 250,415 | € 243,993 | € 216,798 | ▼ 11% |
| Profit after taxes | € 14,887 | € 59,568 | € 49,943 | € 30,685 | ▼ 39% |
| Equity | € 229,997 | € 226,957 | € 276,899 | € 307,584 | ▲ 11% |
| Total debts | € 340,106 | € 403,863 | € 345,521 | € 277,783 | ▼ 20% |
| Cash | € 168,872 | € 221,862 | € 267,024 | € 248,685 | ▼ 7% |
| Land & buildings | € 285,677 | € 276,104 | € 266,531 | € 256,958 | ▼ 4% |
| Retained profit | € 211,405 | € 208,365 | € 258,307 | € 288,992 | ▲ 12% |
| Dividend | € 0 | € 62,609 | € 0 | € 0 | |
| Bank debt | € 261,391 | € 243,516 | € 225,356 | € 206,908 | ▼ 8% |
| Balance sheet total | € 570,103 | € 630,820 | € 622,420 | € 585,367 | ▼ 6% |
Key figures of MICHIELSEN DECORATIE, 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 MICHIELSEN DECORATIE?
What happened at MICHIELSEN DECORATIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30,685 (▼ 39% vs 2024). Source: NBB ↗
- Benjamin Michielsen became a director. NBB
- New establishment in Kapellen. KBO
- Jozef Michielsen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 14,887 profit in 2022 to € 30,685 profit in 2025.
Paid € 65,646 in corporate taxes since 2022.
Best year ever: 2023, with € 59,568 profit.
Paid out € 62,609 in dividends to the owners in total.
Management
Behind MICHIELSEN DECORATIE are Jozef Michielsen and Benjamin Michielsen.
Directors
According to the 2025 annual accounts
Jozef Michielsen
Director
since 1996
Benjamin Michielsen
Director
since 2014
Establishments
Establishment units
Physical locations of this company
Holleweg 44
2950 Kapellen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0457.587.503
- VAT number
- BE 0457.587.503
- Registered office
- Holleweg 44, 2950 Kapellen
- Names & denominations
- MICHIELSEN DECORATIE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 1996
- Peppol
- Active · Active since 27 Oct 2025
- Activities · NACE
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