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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Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NELU MIHALI from Saint-Hubert, company number BE0692984826, closed financial year 2025 with a result of € 45,473 after tax. For that financial year NELU MIHALI recorded a gross margin of € 90,165 and equity of € 20,460. Compared with financial year 2024, the result moved from € 66,988 to € 45,473. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 20,460
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 45,473
▼ 32% vs 2024
Profit after tax over the fiscal year.
€ 46,194
▲ 5% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 45,473 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 2,101
▼ 5% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 36,632
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5,675
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,389
▼ 39% 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 | € 91,513 | € 41,976 | € 111,610 | € 90,165 | ▼ 19% |
| Profit after taxes | € 65,074 | € 15,484 | € 66,988 | € 45,473 | ▼ 32% |
| Equity | € 20,460 | € 20,460 | € 20,460 | € 20,460 | |
| Total debts | € 303,583 | € 96,052 | € 117,782 | € 104,751 | ▼ 11% |
| Cash | € 291,488 | € 43,497 | € 44,110 | € 46,194 | ▲ 5% |
| Retained profit | € 1,860 | € 1,860 | € 1,860 | € 1,860 | |
| Dividend | € 272,539 | € 15,484 | € 66,988 | € 45,473 | ▼ 32% |
| Balance sheet total | € 324,043 | € 116,512 | € 138,242 | € 125,211 | ▼ 9% |
Key figures of NELU MIHALI, 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 NELU MIHALI?
What happened at NELU MIHALI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 45,473 (▼ 32% vs 2024). Source: NBB ↗
- New establishment in Saint-Hubert. KBO
- Start of the company according to the CBE. KBO
In short
From € 65,074 profit in 2022 to € 45,473 profit in 2025.
Paid € 54,204 in corporate taxes since 2022.
Best year ever: 2024, with € 66,988 profit.
Paid out € 400,485 in dividends to the owners in total.
Management
Behind NELU MIHALI are NELU MIHALI and ILIENA TIMIS.
Directors
According to the 2025 annual accounts
NELU MIHALI
Director
ILIENA TIMIS
Director
Establishments
Establishment units
Physical locations of this company
Rue de Mayavaux, Vesqueville 58
6870 Saint-Hubert
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0692.984.826
- VAT number
- BE 0692.984.826
- Registered office
- Rue de Mayavaux, Vesqueville 58, 6870 Saint-Hubert
- Names & denominations
- NELU MIHALI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 2018
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
Exploitatie van bossen