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 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Verdonck Michiel from Ieper, company number BE0818111262, closed financial year 2025 with a result of € 450,994 after tax. For that financial year Verdonck Michiel recorded a gross margin of € 2.7 million and equity of € 3.7 million. Compared with financial year 2024, the result moved from € 695,900 to € 450,994. 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 June 16, 2026.
€ 3.7 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 450,994
▼ 35% vs 2024
Profit after tax over the fiscal year.
€ 512,662
▲ 108% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 364,758 paid out
81 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 4.8 million
▲ 6% vs 2024
Of which on lease € 4.1 million.
Debts at end 2025
€ 7.5 million
▼ 1% vs 2024
€ 1.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 455,883
▲ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47,432
▼ 74% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,694,821 | € 2,617,557 | € 2,817,492 | € 2,741,986 | ▼ 3% |
| Profit after taxes | € 262,873 | € 909,366 | € 695,900 | € 450,994 | ▼ 35% |
| Equity | € 2,394,863 | € 3,220,986 | € 3,640,951 | € 3,727,186 | ▲ 2% |
| Total debts | € 6,779,547 | € 6,286,182 | € 8,019,235 | € 8,080,907 | ▲ 1% |
| Cash | € 326,128 | € 41,800 | € 245,891 | € 512,662 | ▲ 108% |
| Land & buildings | € 4,539,701 | € 5,066,465 | € 4,988,949 | € 4,753,492 | ▼ 5% |
| Retained profit | € 2,382,463 | € 3,208,586 | € 3,628,551 | € 3,714,786 | ▲ 2% |
| Dividend | € 61,842 | € 83,243 | € 275,935 | € 364,758 | ▲ 32% |
| Bank debt | € 5,471,051 | € 5,856,351 | € 7,527,289 | € 7,463,260 | ▼ 1% |
| Balance sheet total | € 9,174,410 | € 9,507,168 | € 11,660,185 | € 11,808,093 | ▲ 1% |
Key figures of Verdonck Michiel, 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 Verdonck Michiel?
What happened at Verdonck Michiel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 450,994 (▼ 35% vs 2024). Source: NBB ↗
- Sofie Doom stepped down as director. NBB
- New establishment in Menen. KBO
- Sofie Doom became a director. NBB
- New establishment in Ieper. KBO
- Michiel Verdonck became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 262,873 profit in 2022 to € 450,994 profit in 2025.
Paid € 744,743 in corporate taxes since 2022.
Best year ever: 2023, with € 909,366 profit.
Paid out € 785,779 in dividends to the owners in total.
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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 Verdonck Michiel is Michiel Verdonck. It owns 49% of Sovedo Logistics and Fuels itself.
Directors
According to the 2025 annual accounts
since 2009
since 2016 · until 2025
Establishments
Establishment units
Physical locations of this company
Galgestraat 11
8908 Ieper
LAR blok K 3
8930 Menen
Active since 2 January 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0818.111.262
- VAT number
- BE 0818.111.262
- Registered office
- Galgestraat 11, 8908 Ieper
- Names & denominations
- Verdonck Michiel
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 August 2009
- Peppol
- Active · Active since 15 May 2025
- Activities · NACE
Algemeen onderhoud en reparatie van overige motorvoertuigen (> 3,5 ton)
Verhuur en lease van vrachtwagens
Goederenvervoer over de weg