Financials
Financial year 2025
METAALWERKEN MICHIELS from Olen, company number BE0649990664, closed financial year 2025 with a result of € 139,183 after tax. For that financial year METAALWERKEN MICHIELS recorded a gross margin of € 1.3 million and equity of € 1 million. Compared with financial year 2024, the result moved from € 188,379 to € 139,183. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 1 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 139,183
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 318,461
▲ 68% 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 € 1 million.
People and assets in 2025
8.8
▲ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 622,709
▲ 45% vs 2024
€ 70,800 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.
€ 574,381
▼ 20% vs 2024
Of which on lease € 233,322.
Debts at end 2025
€ 3.6 million
▲ 18% vs 2024
€ 353,131 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 261,464
▼ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 137,107
▲ € 103,676 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 819,461 | € 868,377 | € 1,002,548 | € 1,336,275 | ▲ 33% |
| Profit after taxes | € 228,331 | € 142,815 | € 188,379 | € 139,183 | ▼ 26% |
| Equity | € 554,659 | € 697,473 | € 885,853 | € 1,025,036 | ▲ 16% |
| Total debts | € 1,968,037 | € 2,297,187 | € 3,557,898 | € 4,044,242 | ▲ 14% |
| Cash | € 225,110 | € 89,121 | € 190,122 | € 318,461 | ▲ 68% |
| Land & buildings | € 1,277,972 | € 1,397,427 | € 2,031,617 | € 2,023,244 | |
| Retained profit | € 536,059 | € 678,873 | € 867,253 | € 1,006,436 | ▲ 16% |
| Bank debt | € 1,690,467 | € 1,934,169 | € 3,061,232 | € 3,624,842 | ▲ 18% |
| Balance sheet total | € 2,522,696 | € 2,994,661 | € 4,443,751 | € 5,069,277 | ▲ 14% |
| Employees (FTE) | 6.9 | 7.7 | 6.4 | 8.8 | ▲ 2.4 |
Key figures of METAALWERKEN 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 31 July 2027.
What happened to METAALWERKEN MICHIELS?
What happened at METAALWERKEN MICHIELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 139,183 (▼ 26% vs 2024). Source: NBB ↗
- New establishment in Olen. KBO
- New establishment in Olen. KBO
- Start of the company according to the CBE. KBO
In short
From € 228,331 profit in 2022 to € 139,183 profit in 2025.
Paid € 157,085 in corporate taxes since 2022.
Best year ever: 2022, with € 228,331 profit.
On average € 151,800 of value added per employee in 2025.
Management
Behind METAALWERKEN MICHIELS is Tom Michiels.
Directors
According to the 2025 annual accounts
Tom Michiels
Director
Establishments
Establishment units
Physical locations of this company
Koning Boudewijnlaan 4
2250 Olen
Herentalseweg 82a
2250 Olen
Active since 1 December 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0649.990.664
- VAT number
- BE 0649.990.664
- Registered office
- Koning Boudewijnlaan 4, 2250 Olen
- Names & denominations
- METAALWERKEN MICHIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 March 2016
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
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