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 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MICHELS CONSTRUCT from Kruisem, company number BE0797816981, closed financial year 2025 with a result of € 29,093 after tax. For that financial year MICHELS CONSTRUCT recorded a gross margin of € 132,225 and equity of € 130,061. Compared with financial year 2024, the result moved from € 80,968 to € 29,093. 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 January 29, 2026.
€ 130,061
▲ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29,093
▼ 64% vs 2024
Profit after tax over the fiscal year.
€ 11,206
▼ 89% 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 € 110,061.
People and assets in 2025
€ 76,985
▲ € 57,970 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.
€ 12,483
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8,762
▼ 49% vs 2024
Loans from banks and other lenders, long and short.
€ 22,940
▼ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,145
▼ 68% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 109,801 | € 132,225 | ▲ 20% |
| Profit after taxes | € 80,968 | € 29,093 | ▼ 64% |
| Equity | € 100,968 | € 130,061 | ▲ 29% |
| Total debts | € 257,609 | € 283,848 | ▲ 10% |
| Cash | € 100,292 | € 11,206 | ▼ 89% |
| Retained profit | € 80,968 | € 110,061 | ▲ 36% |
| Bank debt | € 17,089 | € 8,762 | ▼ 49% |
| Balance sheet total | € 358,577 | € 413,908 | ▲ 15% |
Key figures of MICHELS CONSTRUCT, fiscal years 2024 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 MICHELS CONSTRUCT?
What happened at MICHELS CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 29,093 (▼ 64% vs 2024). Source: NBB ↗
- New establishment in Kruisem. KBO
- Start of the company according to the CBE. KBO
In short
From € 80,968 profit in 2024 to € 29,093 profit in 2025.
Paid € 16,234 in corporate taxes since 2024.
Best year ever: 2024, with € 80,968 profit.
Management
Behind MICHELS CONSTRUCT are Thijs Michels and Tim Michels. Thijs Michels is also behind TMGV.
Directors
According to the 2025 annual accounts
Tim Michels
Director
Establishments
Establishment units
Physical locations of this company
Lozerstraat(HUS) 52
9770 Kruisem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0797.816.981
- VAT number
- BE 0797.816.981
- Registered office
- Lozerstraat(HUS) 52, 9770 Kruisem
- Names & denominations
- MICHELS CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 2023
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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