Financials
Financial year 2024
Michigan from Vorst, company number BE0502496721, closed financial year 2024 with a result of € 32,395 after tax. For that financial year Michigan recorded a gross margin of € 712,860 and equity of € 76,378. Compared with financial year 2023, the result moved from € 25,920 to € 32,395. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2025.
€ 76,378
▼ 14% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 32,395
▲ 25% vs 2023
Profit after tax over the fiscal year.
€ 105,285
▲ 42% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 70,178.
People and assets in 2024
€ 149,590
▼ 84% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 790
▼ 43% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 28,342
▼ 65% vs 2023
Loans from banks and other lenders, long and short.
€ 209,869
▲ 146% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 27,265
▼ 89% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 224,147 | € 343,663 | € 1,669,074 | € 712,860 | ▼ 57% |
| Profit after taxes | € 6,514 | € 291 | € 25,920 | € 32,395 | ▲ 25% |
| Equity | € 528,119 | € 952,990 | € 88,444 | € 76,378 | ▼ 14% |
| Total debts | € 122,006 | € 172,271 | € 2,262,533 | € 2,355,831 | ▲ 4% |
| Cash | € 9,457 | € 42,007 | € 73,910 | € 105,285 | ▲ 42% |
| Land & buildings | € 33,349 | € 31,873 | € 30,397 | € 28,921 | ▼ 5% |
| Retained profit | € 11,571 | € 11,863 | € 37,783 | € 70,178 | ▲ 86% |
| Bank debt | € 71,204 | € 77,925 | € 80,981 | € 28,342 | ▼ 65% |
| Balance sheet total | € 650,125 | € 1,125,261 | € 2,350,977 | € 2,432,209 | ▲ 3% |
Key figures of Michigan, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Michigan?
What happened at Michigan in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 32,395 (▲ 25% vs 2023). filed late Source: NBB ↗
- New establishment in Vorst. KBO
- Sébastien Andres became a director. NBB
- Olivier Burlet became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 6,514 profit in 2021 to € 32,395 profit in 2024.
Paid € 235 in corporate taxes since 2021.
Best year ever: 2024, with € 32,395 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Michigan are Sébastien Andres and Olivier Burlet.
Directors
According to the 2024 annual accounts
Sébastien Andres
Manager
since 2013
Olivier Burlet
Manager
since 2013
Establishments
Establishment units
Physical locations of this company
Neerstalse Steenweg 24
1190 Vorst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Label architecture
€ 38,901 gross margin · 2025
Auguri Films
NAOKO FILMS ETC.
€ 970,184 gross margin · 2025
BILICO
€ -7,791 gross margin · 2024
MICHIGAN FILMS
€ 38,490 gross margin · 2024
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0502.496.721
- VAT number
- BE 0502.496.721
- Registered office
- Neerstalse Steenweg 24, 1190 Vorst
- Names & denominations
- Michigan
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 January 2013
- Peppol
- Active · Active since 27 Dec 2025
- Contact
- michiganfilms.be [email protected]
- Activities · NACE
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