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 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Michiels Projects & Management from Lummen, company number BE0832444694, closed financial year 2025 with a result of € 30,628 after tax. For that financial year Michiels Projects & Management recorded a gross margin of € 85,064 and equity of € 324,461. Compared with financial year 2024, the result moved from € 29,643 to € 30,628. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 324,461
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,628
▲ 3% vs 2024
Profit after tax over the fiscal year.
€ 21,524
▲ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 39,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 261,081
▼ 14% vs 2024
€ 41,374 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 2,544
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,677
▲ 9% 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 | € 74,073 | € 100,460 | € 85,185 | € 85,064 | |
| Profit after taxes | € 22,504 | € 40,986 | € 29,643 | € 30,628 | ▲ 3% |
| Equity | € 320,203 | € 361,190 | € 332,833 | € 324,461 | ▼ 3% |
| Total debts | € 649,498 | € 619,801 | € 628,858 | € 1,013,618 | ▲ 61% |
| Cash | € 7,217 | € 13,534 | € 14,118 | € 21,524 | ▲ 52% |
| Land & buildings | € 898,152 | € 871,939 | € 845,727 | € 942,014 | ▲ 11% |
| Retained profit | € 314,003 | € 354,990 | € 326,633 | € 318,261 | ▼ 3% |
| Dividend | € 0 | € 0 | € 58,000 | € 39,000 | ▼ 33% |
| Bank debt | € 631,491 | € 592,077 | € 301,869 | € 261,081 | ▼ 14% |
| Balance sheet total | € 969,702 | € 980,991 | € 961,691 | € 1,338,079 | ▲ 39% |
Key figures of Michiels Projects & Management, 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 Projects & Management?
What happened at Michiels Projects & Management in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30,628 (▲ 3% vs 2024). Source: NBB ↗
- JAN MICHIELS became a director. NBB
- WENDY MAES became a director. NBB
- New establishment in Lummen. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,504 profit in 2022 to € 30,628 profit in 2025.
Paid € 49,697 in corporate taxes since 2022.
Best year ever: 2023, with € 40,986 profit.
Paid out € 97,000 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 Michiels Projects & Management are JAN MICHIELS and WENDY MAES. The same people are also behind Piping & Process Solutions.
Directors
According to the 2025 annual accounts
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Larenstraat 90
3560 Lummen
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
- 0832.444.694
- VAT number
- BE 0832.444.694
- Registered office
- Larenstraat 90, 3560 Lummen
- Names & denominations
- Michiels Projects & Management · M.P.M.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 January 2011
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
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