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 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MITEL from Pajottegem, company number BE0464060173, closed financial year 2025 with a result of € 8,726 after tax. For that financial year MITEL recorded a gross margin of € 64,308 and equity of € 19,946. Compared with financial year 2024, the result moved from € -1,047 to € 8,726. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 19,946
▲ 78% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,726
▲ still € 1,047 loss in 2024
Profit after tax over the fiscal year.
€ 9
▼ 39% 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 € -17,238.
People and assets in 2025
€ 48,749
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 17,160
▼ 38% vs 2024
Loans from banks and other lenders, long and short.
€ 131,119
▲ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 38,627 | € 50,926 | € 64,308 | ▲ 26% |
| Profit after taxes | € -6,787 | € -1,047 | € 8,726 | ▲ € 9,772 |
| Equity | € 12,267 | € 11,220 | € 19,946 | ▲ 78% |
| Total debts | € 215,421 | € 231,264 | € 268,857 | ▲ 16% |
| Cash | € 25 | € 14 | € 9 | ▼ 39% |
| Land & buildings | - | € 4,515 | € 4,053 | ▼ 10% |
| Retained profit | € -24,917 | € -25,964 | € -17,238 | ▲ € 8,726 |
| Bank debt | € 37,373 | € 27,596 | € 17,160 | ▼ 38% |
| Balance sheet total | € 227,688 | € 242,485 | € 288,803 | ▲ 19% |
Key figures of MITEL, fiscal years 2023 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 MITEL?
What happened at MITEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,726. Source: NBB ↗
- New establishment in Pajottegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,787 loss in 2023 to € 8,726 profit in 2025.
Best year ever: 2025, with € 8,726 profit.
Management
Behind MITEL are Christel Buyse and Michel Van Ongeval. Christel Buyse is also behind Belbeef.
Directors
According to the 2025 annual accounts
Michel Van Ongeval
Director
Establishments
Establishment units
Physical locations of this company
Goteringenstraat 15
1755 Pajottegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0464.060.173
- VAT number
- BE 0464.060.173
- Registered office
- Goteringenstraat 15, 1755 Pajottegem
- Names & denominations
- MITEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 September 1998
- Peppol
- Active · Active since 19 Mar 2026
- Activities · NACE
Ondersteunende activiteiten in verband met de teelt van gewassen
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken
Gemengd landbouwbedrijf