Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 11.2 to 9.9.
Financials
Financial year 2026
BANDEN MICHEL from Boortmeerbeek, company number BE0476974932, closed financial year 2026 with a result of € 226,103 after tax. For that financial year BANDEN MICHEL recorded a gross margin of € 1.1 million and equity of € 1.1 million. Compared with financial year 2025, the result moved from € 320,753 to € 226,103. The company is profitable. 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 October 24, 2026.
€ 1.1 million
▲ 7% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 226,103
▼ 30% vs 2025
Profit after tax over the fiscal year.
€ 396,575
▼ 29% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 155,000 paid out
69 % of the profit went to the shareholders, mostly to Rodas (100 % of the shares). That is where the money ends up.
People and assets in 2026
9.9
▼ 0.6 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 714,899
▲ 1% vs 2025
€ 72,200 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.
€ 110,132
▼ 19% vs 2025
Of which on lease € 26,667.
Debts at end 2026
€ 80,665
▼ 26% vs 2025
€ 23,431 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 746,520
▼ 18% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 117,039
▼ 4% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 856,171 | € 809,824 | € 1,186,213 | € 1,071,782 | ▼ 10% |
| Profit after taxes | € 182,476 | € 77,687 | € 320,753 | € 226,103 | ▼ 30% |
| Equity | € 1,118,996 | € 1,196,683 | € 1,009,342 | € 1,080,446 | ▲ 7% |
| Total debts | € 835,871 | € 831,948 | € 1,147,646 | € 1,099,314 | ▼ 4% |
| Cash | € 321,490 | € 447,436 | € 558,305 | € 396,575 | ▼ 29% |
| Retained profit | € 1,100,396 | € 1,178,083 | € 990,742 | € 1,061,846 | ▲ 7% |
| Dividend | € 0 | € 0 | € 508,094 | € 155,000 | ▼ 69% |
| Bank debt | € 26,959 | € 18,053 | € 108,815 | € 80,665 | ▼ 26% |
| Balance sheet total | € 1,954,867 | € 2,028,631 | € 2,156,988 | € 2,179,760 | ▲ 1% |
| Employees (FTE) | 9.5 | 11.2 | 10.5 | 9.9 | ▼ 0.6 |
Key figures of BANDEN MICHEL, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to BANDEN MICHEL?
What happened at BANDEN MICHEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 226,103 (▼ 30% vs 2025). Source: NBB ↗
- RODAS BV became a director. NBB
- New establishment in Boortmeerbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 182,476 profit in 2023 to € 226,103 profit in 2026.
Paid € 277,555 in corporate taxes since 2023.
Best year ever: 2025, with € 320,753 profit.
On average € 108,300 of value added per employee in 2026.
Management
The stake of Rodas comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BANDEN MICHELBehind BANDEN MICHEL is RODAS BV. The shares are held by Rodas (100%).
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 48 box A
3191 Boortmeerbeek
Leuvensesteenweg 48 A
3191 Boortmeerbeek
Active since 22 March 2002
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.974.932
- VAT number
- BE 0476.974.932
- Registered office
- Leuvensesteenweg 48 bus A, 3191 Boortmeerbeek
- Names & denominations
- BANDEN MICHEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 March 2002
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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