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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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Busy address KBO
72 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MICHEL BOGAERTS from Elsene, company number BE0479476938, closed financial year 2025 with a result of € 39,446 after tax. For that financial year MICHEL BOGAERTS recorded a gross margin of € 58,955 and equity of € 189,659. Compared with financial year 2024, the result moved from € 16,839 to € 39,446. Profitable, and profit is growing. 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 March 16, 2026.
€ 189,659
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 39,446
▲ 134% vs 2024
Profit after tax over the fiscal year.
€ 5,981
▼ 69% 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 € 183,335.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 726
▼ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,155
▲ 160% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 39,691 | € 42,585 | € 28,615 | € 58,955 | ▲ 106% |
| Profit after taxes | € 26,804 | € 25,842 | € 16,839 | € 39,446 | ▲ 134% |
| Equity | € 235,907 | € 240,249 | € 150,213 | € 189,659 | ▲ 26% |
| Total debts | € 47,685 | € 28,997 | € 114,371 | € 9,851 | ▼ 91% |
| Cash | € 9,944 | € 19,084 | € 19,449 | € 5,981 | ▼ 69% |
| Retained profit | € 229,583 | € 233,925 | € 143,889 | € 183,335 | ▲ 27% |
| Dividend | € 18,000 | € 21,500 | € 106,875 | € 0 | ▼ 100% |
| Balance sheet total | € 283,592 | € 269,246 | € 264,584 | € 199,510 | ▼ 25% |
Key figures of MICHEL BOGAERTS, 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 BOGAERTS?
What happened at MICHEL BOGAERTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 39,446 (▲ 134% vs 2024). Source: NBB ↗
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
- New establishment in Elsene. KBO
In short
From € 26,804 profit in 2022 to € 39,446 profit in 2025.
Paid € 52,908 in corporate taxes since 2022.
Best year ever: 2025, with € 39,446 profit.
Paid out € 146,375 in dividends to the owners in total.
Management
Behind MICHEL BOGAERTS is Michel BOGAERTS.
Directors
According to the 2025 annual accounts
Michel BOGAERTS
Director
Establishments
Establishment units
Physical locations of this company
Louizalaan 207 box 14
1050 Elsene
Louizalaan 207 box Boite 14
1050 Elsene
Active since 31 January 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 72 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.476.938
- VAT number
- BE 0479.476.938
- Registered office
- Louizalaan 207 bus 14, 1050 Elsene
- Names & denominations
- MICHEL BOGAERTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 February 2003
- Peppol
- Active · Active since 21 Feb 2026