What does MICHEL HOLDING do?

MICHEL HOLDING is registered with the CBE as active in: Activiteiten van holdings. Public Limited, started on 9 November 1998, 1 establishment.

What is the address of MICHEL HOLDING?

The registered office of MICHEL HOLDING is located at Helleven (C) 2, 2920 Kalmthout.

Is MICHEL HOLDING still active?

Yes. According to the CBE (30 October 2026) MICHEL HOLDING is active, legal situation “Normale toestand”, started on 9 November 1998.

Is MICHEL HOLDING registered on Peppol?

Yes, MICHEL HOLDING is registered on the Peppol network with ID 0208:0464549727.

What is the enterprise number of MICHEL HOLDING?

The enterprise number of MICHEL HOLDING is BE0464549727.

When was MICHEL HOLDING founded?

MICHEL HOLDING was founded on 9 November 1998.

Who are the directors of MICHEL HOLDING?

According to the 2025 annual accounts, the directors of MICHEL HOLDING are: Philippe Michel, Robert Michel, Vera Lauwereyssens.

Is MICHEL HOLDING a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 9 November 1998; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did MICHEL HOLDING make in 2025?

MICHEL HOLDING posted a profit after taxes of € 104,508 in financial year 2025.

What is the revenue of MICHEL HOLDING?

In its most recent annual accounts (2025), MICHEL HOLDING reported revenue of € 806,969.

How much does an employee at MICHEL HOLDING earn?

The average wage cost per full-time employee at MICHEL HOLDING was € 57,300 in 2025: staff costs of € 309,681 for 5.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MICHEL HOLDING have?

According to the 2025 annual accounts, MICHEL HOLDING has 5.4 full-time equivalents (FTE).

MICHEL HOLDING (Public Limited) - Kalmthout

Dossier MICHEL HOLDING, printed on 30 October 2026 from databakkes.be/en/0464549727/michel-holding. 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 5 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MICHEL HOLDING from Kalmthout, company number BE0464549727, closed financial year 2025 with a result of € 104,508 after tax. For that financial year MICHEL HOLDING recorded revenue of € 806,969 and equity of € 8.6 million. Compared with financial year 2024, the result moved from € -1,516 to € 104,508. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.

What it is worth Healthy

€ 8.6 million

▼ 7% vs 2024

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

Profit Growing

€ 104,508

▲ still € 1,516 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 70,752

▲ € 55,429 vs 2024

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

Where the profit goes Pays out

€ 709,000 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

5.4

▼ 0.4 vs 2024

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

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 374,759 in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 309,681

▼ 8% vs 2024

€ 57,300 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

€ 13,098

▼ 32% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 7 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.

€ 2.1 million

▼ 12% vs 2024

€ 299,446 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 10,696

▼ 75% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 10 days on average.

Taxes and wages

€ 141,272

▲ 196% 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
Revenue	€ 650,431 Revenue 2022: € 650,431 First fiscal year in the series	€ 829,368 Revenue 2023: € 829,368 ▲ 28% vs 2022 (€ 650,431) Favourable step	€ 797,573 Revenue 2024: € 797,573 ▼ 4% vs 2023 (€ 829,368) Unfavourable step	€ 806,969 Revenue 2025: € 806,969 ▲ 1% vs 2024 (€ 797,573) Favourable step	▲ 1%
Profit after taxes	€ 211,855 Profit after taxes 2022: € 211,855 First fiscal year in the series	€ 233,049 Profit after taxes 2023: € 233,049 ▲ 10% vs 2022 (€ 211,855) Favourable step	€ -1,516 Profit after taxes 2024: € -1,516 ▼ € 234,565 vs 2023 (€ 233,049) Unfavourable step	€ 104,508 Profit after taxes 2025: € 104,508 ▲ € 106,024 vs 2024 (€ -1,516) Favourable step	▲ € 106,024
Equity	€ 8,981,731 Equity 2022: € 8,981,731 First fiscal year in the series	€ 9,214,781 Equity 2023: € 9,214,781 ▲ 3% vs 2022 (€ 8,981,731) Favourable step	€ 9,227,972 Equity 2024: € 9,227,972 Unchanged (€ 9,214,781) Favourable step	€ 8,623,480 Equity 2025: € 8,623,480 ▼ 7% vs 2024 (€ 9,227,972) Unfavourable step	▼ 7%
Total debts	€ 6,607,189 Total debts 2022: € 6,607,189 First fiscal year in the series	€ 7,416,295 Total debts 2023: € 7,416,295 ▲ 12% vs 2022 (€ 6,607,189) Unfavourable step	€ 7,013,539 Total debts 2024: € 7,013,539 ▼ 5% vs 2023 (€ 7,416,295) Favourable step	€ 7,272,706 Total debts 2025: € 7,272,706 ▲ 4% vs 2024 (€ 7,013,539) Unfavourable step	▲ 4%
Cash	€ 1,071,517 Cash 2022: € 1,071,517 First fiscal year in the series	€ 150,346 Cash 2023: € 150,346 ▼ 86% vs 2022 (€ 1,071,517) Unfavourable step	€ 15,323 Cash 2024: € 15,323 ▼ 90% vs 2023 (€ 150,346) Unfavourable step	€ 70,752 Cash 2025: € 70,752 ▲ € 55,429 vs 2024 (€ 15,323) Favourable step	▲ € 55,429
Land & buildings	€ 4,726,138 Land & buildings 2022: € 4,726,138 First fiscal year in the series	€ 6,303,668 Land & buildings 2023: € 6,303,668 ▲ 33% vs 2022 (€ 4,726,138) Unchanged	€ 6,099,935 Land & buildings 2024: € 6,099,935 ▼ 3% vs 2023 (€ 6,303,668) Unchanged	€ 5,963,333 Land & buildings 2025: € 5,963,333 ▼ 2% vs 2024 (€ 6,099,935) Unchanged	▼ 2%
Retained profit	€ 4,159,528 Retained profit 2022: € 4,159,528 First fiscal year in the series	€ 4,392,577 Retained profit 2023: € 4,392,577 ▲ 6% vs 2022 (€ 4,159,528) Favourable step	€ 4,391,061 Retained profit 2024: € 4,391,061 Unchanged (€ 4,392,577) Unfavourable step	€ 3,786,569 Retained profit 2025: € 3,786,569 ▼ 14% vs 2024 (€ 4,391,061) Unfavourable step	▼ 14%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 709,000 Dividend 2025: € 709,000 Unchanged (€ 0) Unchanged
Bank debt	€ 1,724,868 Bank debt 2022: € 1,724,868 First fiscal year in the series	€ 2,701,155 Bank debt 2023: € 2,701,155 ▲ 57% vs 2022 (€ 1,724,868) Unfavourable step	€ 2,343,223 Bank debt 2024: € 2,343,223 ▼ 13% vs 2023 (€ 2,701,155) Favourable step	€ 2,050,770 Bank debt 2025: € 2,050,770 ▼ 12% vs 2024 (€ 2,343,223) Favourable step	▼ 12%
Balance sheet total	€ 15,685,878 Balance sheet total 2022: € 15,685,878 First fiscal year in the series	€ 16,722,721 Balance sheet total 2023: € 16,722,721 ▲ 7% vs 2022 (€ 15,685,878) Unchanged	€ 16,327,829 Balance sheet total 2024: € 16,327,829 ▼ 2% vs 2023 (€ 16,722,721) Unchanged	€ 15,977,191 Balance sheet total 2025: € 15,977,191 ▼ 2% vs 2024 (€ 16,327,829) Unchanged	▼ 2%
Employees (FTE)	4.8 Employees (FTE) 2022: 4.8 First fiscal year in the series	4.8 Employees (FTE) 2023: 4.8 Unchanged (4.8) Unchanged	5.8 Employees (FTE) 2024: 5.8 ▲ 1 vs 2023 (4.8) Unchanged	5.4 Employees (FTE) 2025: 5.4 ▼ 0.4 vs 2024 (5.8) Unchanged	▼ 0.4

Key figures of MICHEL HOLDING, 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 MICHEL HOLDING?

What happened at MICHEL HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 Philippe Michel stepped down as director. NBB
2028 Robert Michel stepped down as director. NBB
2028 Vera Lauwereyssens stepped down as director. NBB
Jul 9, 2026 New annual accounts for financial year 2025: profit of € 104,508. Source: NBB ↗
2022 Philippe Michel became a director. NBB
2022 Robert Michel became a director. NBB
2022 Vera Lauwereyssens became a director. NBB
Dec 16, 1998 New establishment in Kalmthout. KBO

In short

From € 211,855 profit in 2022 to € 104,508 profit in 2025.

Paid € 91,053 in corporate taxes since 2022.

Best year ever: 2023, with € 233,049 profit.

Paid out € 709,000 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Oud Papier Jozef Michel 16.7%

The stake of Oud Papier Jozef Michel comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

MICHEL HOLDING

Antwerp Oud Papier Centrale 100%

Datavernietiging Michel 97.6%

Oud Papier Jozef Michel 95%

The shares are held by Oud Papier Jozef Michel (16.7%). It owns 100% of Antwerp Oud Papier Centrale, 97.6% of Datavernietiging Michel and 95% of Oud Papier Jozef Michel itself.

Directors

According to the 2025 annual accounts

Philippe Michel

Managing director

Also active at: Datavernietiging Michel, Antwerp Oud Papier Centrale

since 2022 · until 2028

Robert Michel

Managing director

Also active at: Oud Papier Jozef Michel, Datavernietiging Michel

since 2022 · until 2028

Vera Lauwereyssens

Director

Also active at: Oud Papier Jozef Michel, Datavernietiging Michel

since 2022 · until 2028

Shareholders

Oud Papier Jozef Michel

16.7%

Participations

Antwerp Oud Papier Centrale

100%

Datavernietiging Michel

97.6%

Oud Papier Jozef Michel

95%

Establishments

Establishment units

Physical locations of this company

Registered office

Helleven (C) 2

2920 Kalmthout

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 →

Datavernietiging Michel same network

€ 584,441 gross margin · 2025

GROUP MICHEL

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0464.549.727

VAT number

BE 0464.549.727

Registered office

Helleven (C) 2, 2920 Kalmthout

Names & denominations

MICHEL HOLDING

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

9 November 1998

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Activiteiten van holdings

Vermogensbeheer

Holdings

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Activiteiten van hoofdkantoren

View on CBE Public ↗ Annual accounts (NBB) ↗

MICHEL HOLDING

Warning lights

Financials

What happened to MICHEL HOLDING?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions