Financials
Financial year 2024
MICHEL from Evergem, company number BE0667834112, closed financial year 2024 with a result of € -48,120 after tax. For that financial year MICHEL recorded a gross margin of € -9,114 and equity of € 263,691. Compared with financial year 2023, the result moved from € 41,687 to € -48,120. 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 November 27, 2025.
€ 263,691
▼ 15% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -48,120
▼ still € 41,687 profit in 2023
Profit after tax over the fiscal year.
€ 7,936
▼ 87% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 249,431.
People and assets in 2024
€ 22,243
▲ € 20,633 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 30,907
▲ 93% vs 2023
€ 11,943 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 71,514
▲ 278% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 13,500
▲ € 12,300 vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 148,678 | € 47,843 | € 59,425 | € -9,114 | ▼ € 68,539 |
| Profit after taxes | € 98,364 | € 21,213 | € 41,687 | € -48,120 | ▼ € 89,807 |
| Equity | € 248,911 | € 270,124 | € 311,811 | € 263,691 | ▼ 15% |
| Total debts | € 166,158 | € 31,471 | € 36,129 | € 115,921 | ▲ 221% |
| Cash | € 159,389 | € 100,516 | € 58,856 | € 7,936 | ▼ 87% |
| Retained profit | € 236,511 | € 257,724 | € 297,551 | € 249,431 | ▼ 16% |
| Dividend | € 45,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 45,788 | € 30,271 | € 15,988 | € 30,907 | ▲ 93% |
| Balance sheet total | € 415,069 | € 301,595 | € 347,940 | € 379,612 | ▲ 9% |
Key figures of MICHEL, 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 MICHEL?
What happened at MICHEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 48,120 (▼ € 89,807 vs 2023). filed late Source: NBB ↗
- New establishment in Evergem. KBO
- Eugen Michel became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 98,364 profit in 2021 to € 48,120 loss in 2024.
Paid € 43,790 in corporate taxes since 2021.
Best year ever: 2021, with € 98,364 profit.
Paid out € 45,000 in dividends to the owners in total.
Management
Behind MICHEL is Eugen Michel.
Directors
According to the 2024 annual accounts
Eugen Michel
Administrator-manager
since 2016
Establishments
Establishment units
Physical locations of this company
Finlandstraat 4 YC
9940 Evergem
Finlandstraat 4 box YC
9940 Evergem
Active since 1 January 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0667.834.112
- VAT number
- BE 0667.834.112
- Registered office
- Finlandstraat 4 YC, 9940 Evergem
- Names & denominations
- MICHEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2016
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Metselwerk
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