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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Figures corrected NBB
Corrected annual account filed for 2022.
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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 2025
MICHIELS from Hulshout, company number BE0458612139, closed financial year 2025 with a result of € 548,061 after tax. For that financial year MICHIELS recorded a gross margin of € 4 million and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 787,959 to € 548,061. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 1.3 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 548,061
▼ 30% vs 2024
Profit after tax over the fiscal year.
€ 541,769
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 540,000 paid out
99 % of the profit went to the shareholders, mostly to Partners With Passion (100 % of the shares). That is where the money ends up.
People and assets in 2025
28.9
▲ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
▲ 10% vs 2024
€ 84,500 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.
€ 76,079
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.5 million
▼ 27% vs 2024
€ 473,818 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 676,421
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 427,872
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,528,536 | € 3,880,175 | € 4,317,111 | € 3,958,137 | ▼ 8% |
| Profit after taxes | € 784,616 | € 766,510 | € 787,959 | € 548,061 | ▼ 30% |
| Equity | € 1,607,892 | € 1,254,402 | € 1,257,361 | € 1,265,423 | ▲ 1% |
| Total debts | € 3,314,629 | € 3,284,738 | € 3,648,950 | € 2,870,012 | ▼ 21% |
| Cash | € 995,055 | € 443,131 | € 977,387 | € 541,769 | ▼ 45% |
| Land & buildings | € 30,129 | € 22,721 | € 94,039 | € 90,477 | ▼ 4% |
| Retained profit | € 548,944 | € 291,722 | € 294,681 | € 302,743 | ▲ 3% |
| Dividend | € 1,425,000 | € 1,120,000 | € 785,000 | € 540,000 | ▼ 31% |
| Bank debt | € 2,037,192 | € 1,727,406 | € 2,031,695 | € 1,492,058 | ▼ 27% |
| Balance sheet total | € 4,922,736 | € 4,539,191 | € 4,906,311 | € 4,135,435 | ▼ 16% |
| Employees (FTE) | 19 | 23.3 | 26.4 | 28.9 | ▲ 2.5 |
Key figures of 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 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 2025: profit of € 548,061 (▼ 30% vs 2024). Source: NBB ↗
- Walco BV became a director. NBB
- Creoleon BV became a director. NBB
- New establishment in Hulshout. KBO
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 784,616 profit in 2022 to € 548,061 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2024, with € 787,959 profit.
On average € 137,000 of value added per employee in 2025.
Management
The stake of Partners With Passion comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MICHIELSBehind MICHIELS are Walco BV and Creoleon BV. The shares are held by Partners With Passion (100%). It owns 100% of Omni-serv itself.
Directors
According to the 2025 annual accounts
Director · represented by Balcaen Wouter
Also active at: Partners With Passion, ENTRYPOINT, ALLMARK, iDocta
since 2026
Director · represented by Vandermarliere Michel
Also active at: Partners With Passion, STAMINA, iDocta
since 2026
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
A. Van Looplein 51
2235 Hulshout
Stationsplein 29 box C
9100 Sint-Niklaas
Active since 1 May 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Website info
Features
Security
Details
- Company number
- 0458.612.139
- VAT number
- BE 0458.612.139
- Registered office
- A. Van Looplein 51, 2235 Hulshout
- Names & denominations
- MICHIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 August 1996
- Peppol
- Not registered
- Contact
- michiels-office.be
- Activities · NACE
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