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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GEERT MICHIELS from Liedekerke, company number BE0480419917, closed financial year 2025 with a result of € -2,723 after tax. For that financial year GEERT MICHIELS recorded a gross margin of € 104,874 and equity of € 249,060. Compared with financial year 2024, the result moved from € -31,169 to € -2,723. The company made a loss. 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 April 21, 2026.
€ 249,060
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,723
▲ 91 % less loss than in 2024
Profit after tax over the fiscal year.
€ 79,371
▲ 161% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 187,060.
People and assets in 2025
€ 96,993
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 127,563
▼ 17% vs 2024
Loans from banks and other lenders, long and short.
€ 6,860
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,265
▲ 60% 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 | € 104,304 | € 123,417 | € 84,937 | € 104,874 | ▲ 23% |
| Profit after taxes | € -14,115 | € 1,495 | € -31,169 | € -2,723 | ▲ € 28,446 |
| Equity | € 281,456 | € 282,952 | € 251,783 | € 249,060 | ▼ 1% |
| Total debts | € 424,173 | € 384,368 | € 358,168 | € 410,721 | ▲ 15% |
| Cash | € 37,532 | € 82,141 | € 30,364 | € 79,371 | ▲ 161% |
| Land & buildings | € 330,643 | € 297,197 | € 265,930 | € 237,266 | ▼ 11% |
| Retained profit | € 219,456 | € 220,952 | € 189,783 | € 187,060 | ▼ 1% |
| Bank debt | € 274,100 | € 214,485 | € 154,444 | € 127,563 | ▼ 17% |
| Balance sheet total | € 713,248 | € 673,414 | € 614,522 | € 662,828 | ▲ 8% |
Key figures of GEERT MICHIELS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to GEERT MICHIELS?
What happened at GEERT MICHIELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe Michiels stepped down as director. NBB
- Geert Michiels stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2,723. Source: NBB ↗
- New establishment in Geraardsbergen. KBO
- Philippe Michiels became a director. NBB
- Geert Michiels became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Liedekerke. KBO
In short
From € 14,115 loss in 2022 to € 2,723 loss in 2025.
Paid € 1,191 in corporate taxes since 2022.
Best year ever: 2023, with € 1,495 profit.
Management
Directors
According to the 2025 annual accounts
Philippe Michiels
Director
since 2021 · until 2027
Geert Michiels
Managing director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Opperstraat 41
1770 Liedekerke
Eigenstraat(DE) 73
9450 Haaltert
Active since 21 May 2003
Diebeke(Sch) 14
9500 Geraardsbergen
Active since 1 July 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
- 0480.419.917
- VAT number
- BE 0480.419.917
- Registered office
- Opperstraat 41, 1770 Liedekerke
- Names & denominations
- GEERT MICHIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 May 2003
- Peppol
- Active · Active since 1 Aug 2025
- Activities · NACE
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