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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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MIEL from Malle, company number BE0521996986, closed financial year 2025 with a result of € -22,159 after tax. For that financial year MIEL recorded a gross margin of € 14,173 and equity of € -72,021. Compared with financial year 2024, the result moved from € -26,026 to € -22,159. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ -72,021
▼ € 22,159 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,159
▲ 15 % less loss than in 2024
Profit after tax over the fiscal year.
€ 294
▲ € 228 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -90,621.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 453
▲ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 86,556
▼ 21% vs 2024
€ 23,529 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 548
▲ 237% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 136
▼ 13% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 37,384 | € 11,987 | € 14,173 | ▲ 18% |
| Profit after taxes | € -2,656 | € -26,026 | € -22,159 | ▲ € 3,867 |
| Equity | € -9,723 | € -49,862 | € -72,021 | ▼ € 22,159 |
| Total debts | € 241,220 | € 200,828 | € 199,532 | ▼ 1% |
| Cash | € 3,005 | € 66 | € 294 | ▲ € 228 |
| Land & buildings | € 203,174 | € 141,862 | € 111,583 | ▼ 21% |
| Retained profit | € -28,323 | € -68,462 | € -90,621 | ▼ € 22,159 |
| Bank debt | € 151,833 | € 109,179 | € 86,556 | ▼ 21% |
| Balance sheet total | € 231,497 | € 150,966 | € 127,511 | ▼ 16% |
Key figures of MIEL, 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 January 2027.
What happened to MIEL?
What happened at MIEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 22,159. Source: NBB ↗
- New establishment in Malle. KBO
- Michel Christiaensen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2,656 loss in 2022 to € 22,159 loss in 2025.
Management
Behind MIEL is Michel Christiaensen. Michel Christiaensen is also behind Christiaensen sanitair & verwarming.
Directors
According to the 2025 annual accounts
since 2013
Establishments
Establishment units
Physical locations of this company
Blijkerijstraat 23
2390 Malle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
COMBELL-AS, BE
Domain
Domain
sanitair-verwarming.com
Registered
2008-06-07
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-06-07
Website info
Features
Security
Network
Details
- Company number
- 0521.996.986
- VAT number
- BE 0521.996.986
- Registered office
- Blijkerijstraat 23, 2390 Malle
- Names & denominations
- MIEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 March 2013
- Peppol
- Active · Active since 14 Jan 2026
- Contact
- sanitair-verwarming.com
- Activities · NACE
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