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 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MICHAS from Herselt, company number BE0458544932, closed financial year 2025 with a result of € 463,953 after tax. For that financial year MICHAS recorded a gross margin of € 447,807 and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 288,780 to € 463,953. Profitable, and profit is growing. 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 January 10, 2026.
€ 2.3 million
▲ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 463,953
▲ 61% vs 2024
Profit after tax over the fiscal year.
€ 164,566
▼ 35% 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 € 2.3 million.
People and assets in 2025
€ 48,734
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6,928
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,550
▼ 36% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 433,084 | € 466,309 | € 483,220 | € 447,807 | ▼ 7% |
| Profit after taxes | € 312,611 | € 317,242 | € 288,780 | € 463,953 | ▲ 61% |
| Equity | € 1,565,162 | € 1,882,405 | € 1,885,353 | € 2,349,306 | ▲ 25% |
| Total debts | € 247,186 | € 277,945 | € 261,601 | € 413,241 | ▲ 58% |
| Cash | € 1,202,698 | € 1,370,437 | € 253,886 | € 164,566 | ▼ 35% |
| Land & buildings | € 24,559 | € 21,289 | € 18,018 | € 14,748 | ▼ 18% |
| Retained profit | € 1,545,162 | € 1,862,405 | € 1,865,353 | € 2,329,306 | ▲ 25% |
| Dividend | € 0 | € 0 | € 285,832 | € 0 | ▼ 100% |
| Balance sheet total | € 1,812,348 | € 2,160,350 | € 2,146,954 | € 2,762,547 | ▲ 29% |
Key figures of MICHAS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MICHAS?
What happened at MICHAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 463,953 (▲ 61% vs 2024). Source: NBB ↗
- New establishment in Herselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 312,611 profit in 2022 to € 463,953 profit in 2025.
Paid € 545,321 in corporate taxes since 2022.
Best year ever: 2025, with € 463,953 profit.
Paid out € 285,832 in dividends to the owners in total.
Management
Behind MICHAS is Pieter DIERICKX.
Directors
According to the 2025 annual accounts
Pieter DIERICKX
Director
Establishments
Establishment units
Physical locations of this company
Varendonksesteenweg 59
2230 Herselt
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
- 0458.544.932
- VAT number
- BE 0458.544.932
- Registered office
- Varendonksesteenweg 59, 2230 Herselt
- Names & denominations
- MICHAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 June 1996
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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