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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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
Michiels Expertises from Oud-Heverlee, company number BE0766638510, closed financial year 2025 with a result of € 28,717 after tax. For that financial year Michiels Expertises recorded a gross margin of € 515,428 and equity of € 281,974. Compared with financial year 2024, the result moved from € 51,491 to € 28,717. 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 September 14, 2026.
€ 281,974
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28,717
▼ 44% vs 2024
Profit after tax over the fiscal year.
€ 48,752
▼ 47% 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 € 271,974.
People and assets in 2025
€ 261,945
▲ 27% 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.
€ 134,461
▲ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▲ 109% vs 2024
€ 87,619 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 35,896
▲ 137% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 86,835
▼ 39% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 61,844 | € 446,539 | € 424,652 | € 515,428 | ▲ 21% |
| Profit after taxes | € 27,318 | € 155,023 | € 51,491 | € 28,717 | ▼ 44% |
| Equity | € 46,743 | € 201,766 | € 253,256 | € 281,974 | ▲ 11% |
| Total debts | € 59,029 | € 222,558 | € 741,198 | € 1,349,445 | ▲ 82% |
| Cash | € 17,364 | € 81,643 | € 91,331 | € 48,752 | ▼ 47% |
| Land & buildings | - | - | € 609,851 | € 1,240,111 | ▲ 103% |
| Retained profit | € 36,743 | € 191,766 | € 243,256 | € 271,974 | ▲ 12% |
| Bank debt | € 17,484 | € 59,540 | € 584,500 | € 1,224,269 | ▲ 109% |
| Balance sheet total | € 105,772 | € 424,323 | € 994,455 | € 1,631,419 | ▲ 64% |
Key figures of Michiels Expertises, 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 Michiels Expertises?
What happened at Michiels Expertises in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- New establishment in Oud-Heverlee. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,318 profit in 2022 to € 28,717 profit in 2025.
Paid € 106,879 in corporate taxes since 2022.
Best year ever: 2023, with € 155,023 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 Michiels Expertises is Pieter Michiels.
Directors
According to the 2025 annual accounts
Pieter Michiels
Director
Establishments
Establishment units
Physical locations of this company
Duivenstraat 81
3052 Oud-Heverlee
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0766.638.510
- VAT number
- BE 0766.638.510
- Registered office
- Duivenstraat 81, 3052 Oud-Heverlee
- Names & denominations
- Michiels Expertises
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 April 2021
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
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