What does Group Michiels Advanced Materials do?

Group Michiels Advanced Materials is a plastics manufacturer in Zele. Public Limited, started on 19 June 1997, 1 establishment.

What is the address of Group Michiels Advanced Materials?

The registered office of Group Michiels Advanced Materials is located at Poldergotestraat 24, 9240 Zele.

Is Group Michiels Advanced Materials still active?

Yes. According to the CBE (30 October 2026) Group Michiels Advanced Materials is active, legal situation “Normale toestand”, started on 19 June 1997.

Is Group Michiels Advanced Materials registered on Peppol?

Yes, Group Michiels Advanced Materials is registered on the Peppol network with ID 0208:0460894411.

What is the enterprise number of Group Michiels Advanced Materials?

The enterprise number of Group Michiels Advanced Materials is BE0460894411.

When was Group Michiels Advanced Materials founded?

Group Michiels Advanced Materials was founded on 19 June 1997.

Who are the directors of Group Michiels Advanced Materials?

According to the 2025 annual accounts, the directors of Group Michiels Advanced Materials are: Luc Michiels, Jonas Kölsch, Katrien Michiels, Holger Loclair.

Is Group Michiels Advanced Materials a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 19 June 1997; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did Group Michiels Advanced Materials make in 2025?

Group Michiels Advanced Materials posted a profit after taxes of € 7,534 in financial year 2025.

What is the revenue of Group Michiels Advanced Materials?

As a small company, Group Michiels Advanced Materials is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,087,659.

How much does an employee at Group Michiels Advanced Materials earn?

The average wage cost per full-time employee at Group Michiels Advanced Materials was € 84,300 in 2025: staff costs of € 446,971 for 5.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Group Michiels Advanced Materials have?

According to the 2025 annual accounts, Group Michiels Advanced Materials has 5.3 full-time equivalents (FTE).

Group Michiels Advanced Materials (Public Limited) - Zele

Dossier Group Michiels Advanced Materials, printed on 30 October 2026 from databakkes.be/en/0460894411/group-michiels-advanced-materials. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

Group Michiels Advanced Materials from Zele, company number BE0460894411, closed financial year 2025 with a result of € 7,534 after tax. For that financial year Group Michiels Advanced Materials recorded a gross margin of € 1.1 million and equity of € 820,171. Compared with financial year 2024, the result moved from € -154,060 to € 7,534. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 3, 2026.

What it is worth Growing

€ 820,171

▲ 1% vs 2024

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

Profit Growing

€ 7,534

▲ still € 154,060 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 63

▼ 87% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € -947,171.

People and assets in 2025

Full-time equivalents

5.3

▲ 2 vs 2024

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

Wage cost

€ 446,971

▲ 74% vs 2024

€ 84,300 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

€ 1.3 million

▼ 39% vs 2024

Of which on lease € 1.3 million.

Debts at end 2025

Bank debt ≈ 13 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.

€ 3.1 million

▼ 11% vs 2024

€ 220,354 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.

Owed to suppliers

€ 467,392

▲ 244% vs 2024

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

Taxes and wages

€ 53,068

▲ 106% 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	€ 990,121 Gross margin 2022: € 990,121 First fiscal year in the series	€ 945,173 Gross margin 2023: € 945,173 ▼ 5% vs 2022 (€ 990,121) Unfavourable step	€ 673,221 Gross margin 2024: € 673,221 ▼ 29% vs 2023 (€ 945,173) Unfavourable step	€ 1,087,659 Gross margin 2025: € 1,087,659 ▲ 62% vs 2024 (€ 673,221) Favourable step	▲ 62%
Profit after taxes	€ 20,583 Profit after taxes 2022: € 20,583 First fiscal year in the series	€ 36,347 Profit after taxes 2023: € 36,347 ▲ 77% vs 2022 (€ 20,583) Favourable step	€ -154,060 Profit after taxes 2024: € -154,060 ▼ € 190,406 vs 2023 (€ 36,347) Unfavourable step	€ 7,534 Profit after taxes 2025: € 7,534 ▲ € 161,594 vs 2024 (€ -154,060) Favourable step	▲ € 161,594
Equity	€ 930,351 Equity 2022: € 930,351 First fiscal year in the series	€ 966,698 Equity 2023: € 966,698 ▲ 4% vs 2022 (€ 930,351) Favourable step	€ 812,638 Equity 2024: € 812,638 ▼ 16% vs 2023 (€ 966,698) Unfavourable step	€ 820,171 Equity 2025: € 820,171 ▲ 1% vs 2024 (€ 812,638) Favourable step	▲ 1%
Total debts	€ 4,770,924 Total debts 2022: € 4,770,924 First fiscal year in the series	€ 4,217,024 Total debts 2023: € 4,217,024 ▼ 12% vs 2022 (€ 4,770,924) Favourable step	€ 3,927,699 Total debts 2024: € 3,927,699 ▼ 7% vs 2023 (€ 4,217,024) Favourable step	€ 3,897,819 Total debts 2025: € 3,897,819 ▼ 1% vs 2024 (€ 3,927,699) Favourable step	▼ 1%
Cash	€ 938 Cash 2022: € 938 First fiscal year in the series	€ 898 Cash 2023: € 898 ▼ 4% vs 2022 (€ 938) Unfavourable step	€ 479 Cash 2024: € 479 ▼ 47% vs 2023 (€ 898) Unfavourable step	€ 63 Cash 2025: € 63 ▼ 87% vs 2024 (€ 479) Unfavourable step	▼ 87%
Retained profit	€ -836,991 Retained profit 2022: € -836,991 First fiscal year in the series	€ -800,644 Retained profit 2023: € -800,644 ▲ € 36,347 vs 2022 (€ -836,991) Favourable step	€ -954,704 Retained profit 2024: € -954,704 ▼ € 154,060 vs 2023 (€ -800,644) Unfavourable step	€ -947,171 Retained profit 2025: € -947,171 ▲ € 7,534 vs 2024 (€ -954,704) Favourable step	▲ € 7,534
Bank debt	€ 4,155,709 Bank debt 2022: € 4,155,709 First fiscal year in the series	€ 3,664,703 Bank debt 2023: € 3,664,703 ▼ 12% vs 2022 (€ 4,155,709) Favourable step	€ 3,540,189 Bank debt 2024: € 3,540,189 ▼ 3% vs 2023 (€ 3,664,703) Favourable step	€ 3,144,381 Bank debt 2025: € 3,144,381 ▼ 11% vs 2024 (€ 3,540,189) Favourable step	▼ 11%
Balance sheet total	€ 5,701,275 Balance sheet total 2022: € 5,701,275 First fiscal year in the series	€ 5,183,722 Balance sheet total 2023: € 5,183,722 ▼ 9% vs 2022 (€ 5,701,275) Unchanged	€ 4,740,337 Balance sheet total 2024: € 4,740,337 ▼ 9% vs 2023 (€ 5,183,722) Unchanged	€ 4,717,991 Balance sheet total 2025: € 4,717,991 Unchanged (€ 4,740,337) Unchanged
Employees (FTE)	3.8 Employees (FTE) 2022: 3.8 First fiscal year in the series	3.1 Employees (FTE) 2023: 3.1 ▼ 0.7 vs 2022 (3.8) Unchanged	3.3 Employees (FTE) 2024: 3.3 ▲ 0.2 vs 2023 (3.1) Unchanged	5.3 Employees (FTE) 2025: 5.3 ▲ 2 vs 2024 (3.3) Unchanged	▲ 2

Key figures of Group Michiels Advanced Materials, 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 Group Michiels Advanced Materials?

What happened at Group Michiels Advanced Materials in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Apr 3, 2026 New annual accounts for financial year 2025: profit of € 7,534. Source: NBB ↗
2024 Luc Michiels became a director. NBB
2024 Jonas Kölsch became a director. NBB
2024 Katrien Michiels became a director. NBB
2024 Holger Loclair became a director. NBB
Jul 7, 1997 New establishment in Zele. KBO
Jun 19, 1997 Start of the company according to the CBE. KBO

In short

From € 20,583 profit in 2022 to € 7,534 profit in 2025.

Paid € 2,002 in corporate taxes since 2022.

Best year ever: 2023, with € 36,347 profit.

On average € 205,200 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Luc Michiels Jonas Kölsch Katrien Michiels Holger Loclair

UMISOL GROUP

MICHIELS GROUP

LRM MANAGEMENT

Group Michiels Advanced Materials

Behind Group Michiels Advanced Materials are Luc Michiels, Jonas Kölsch, Katrien Michiels and Holger Loclair. The same people are also behind MICHIELS GROUP. Luc Michiels is also behind UMISOL GROUP and LRM MANAGEMENT. Katrien Michiels is also behind UMISOL GROUP, VIANOVIX, ELYSE and MICHIELS REAL ESTATE.

Directors

According to the 2025 annual accounts

Luc Michiels

Managing director

Also active at: UMISOL GROUP, MICHIELS GROUP, LRM MANAGEMENT

since 2024

Jonas Kölsch

Director

Also active at: MICHIELS GROUP

since 2024

Katrien Michiels

Managing director

Also active at: UMISOL GROUP, MICHIELS GROUP, VIANOVIX, ELYSE, MICHIELS REAL ESTATE

since 2024

Holger Loclair

Director

Also active at: MICHIELS GROUP

since 2024

Establishments

Establishment units

Physical locations of this company

Registered office

Poldergotestraat 24

9240 Zele

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

UMISOL GROUP same network

€ -174,544 gross margin · 2025

MICHIELS GROUP same network

€ 390,894 gross margin · 2025

MICHIELS REAL ESTATE same network

€ 10,231 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

0460.894.411

VAT number

BE 0460.894.411

Registered office

Poldergotestraat 24, 9240 Zele

Names & denominations

Group Michiels Advanced Materials · Group M.A.M.

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

19 June 1997

Peppol

Active · Active since 21 Oct 2026

Activities · NACE

Vervaardiging van andere producten van kunststof

Vervaardiging van platen, vellen, buizen en profielen van kunststof

Vervaardiging en bewerking van overig glas, inclusief technisch glaswerk

Vervaardiging en bewerking van ander glas (inclusief technisch glaswerk)

View on CBE Public ↗ Annual accounts (NBB) ↗

Group Michiels Advanced Materials

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Financials

What happened to Group Michiels Advanced Materials?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions