Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MICHAEL PIETTE Construction from Vielsalm, company number BE0760297282, closed financial year 2025 with a result of € 11,870 after tax. For that financial year MICHAEL PIETTE Construction recorded a gross margin of € 65,160 and equity of € 39,438. Compared with financial year 2024, the result moved from € -419 to € 11,870. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 39,438
▲ 43% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,870
▲ still € 419 loss in 2024
Profit after tax over the fiscal year.
€ 27,836
▲ € 22,228 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 € 14,438.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 124,515
▲ 159% vs 2024
Of which on lease € 20,863.
Debts at end 2025
€ 116,839
▲ 29% vs 2024
€ 36,499 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 21,980
▲ € 19,029 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,188
▲ 162% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -18,526 | € 68,500 | € 63,915 | € 65,160 | ▲ 2% |
| Profit after taxes | € -59,663 | € 23,559 | € -419 | € 11,870 | ▲ € 12,289 |
| Equity | € 4,428 | € 27,986 | € 27,568 | € 39,438 | ▲ 43% |
| Total debts | € 144,901 | € 146,493 | € 105,469 | € 159,037 | ▲ 51% |
| Cash | € 11,257 | € 17,584 | € 5,608 | € 27,836 | ▲ € 22,228 |
| Retained profit | € -20,572 | € 2,986 | € 2,568 | € 14,438 | ▲ € 11,870 |
| Bank debt | € 130,056 | € 98,686 | € 90,849 | € 116,839 | ▲ 29% |
| Balance sheet total | € 149,329 | € 174,479 | € 133,036 | € 198,475 | ▲ 49% |
Key figures of MICHAEL PIETTE Construction, 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 MICHAEL PIETTE Construction?
What happened at MICHAEL PIETTE Construction in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 11,870. Source: NBB ↗
- New establishment in Vielsalm. KBO
- MICHAEL PIETTE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 59,663 loss in 2022 to € 11,870 profit in 2025.
Paid € 3,464 in corporate taxes since 2022.
Best year ever: 2023, with € 23,559 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 MICHAEL PIETTE Construction is MICHAEL PIETTE.
Directors
According to the 2025 annual accounts
MICHAEL PIETTE
Administrateur
since 2020
Establishments
Establishment units
Physical locations of this company
Rue des Raines,Gd-Halleux 19
6698 Vielsalm
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0760.297.282
- VAT number
- BE 0760.297.282
- Registered office
- Rue des Raines,Gd-Halleux 19, 6698 Vielsalm
- Names & denominations
- MICHAEL PIETTE Construction
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2020
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
Algemene bouw van residentiële gebouwen
Bouwrijp maken van terreinen
Landschapsverzorging
Bouw van rioleringen
Bouw van water- en gasdistributienetten
Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw