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 28 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
MICHIELS H SERVICES from Heist-op-den-Berg, company number BE0876125378, closed financial year 2024 with a result of € 323,706 after tax. For that financial year MICHIELS H SERVICES recorded a gross margin of € 554,563 and equity of € 5.8 million. Compared with financial year 2023, the result moved from € 167,200 to € 323,706. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ 5.8 million
▲ 6% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 323,706
▲ 94% vs 2023
Profit after tax over the fiscal year.
€ 234,643
▲ 133% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 1.2 million.
People and assets in 2024
€ 51,574
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 341,266
▼ 33% vs 2023
€ 171,127 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 635
▲ 8% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 534
▼ 96% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 229,623 | € 310,100 | € 317,796 | € 554,563 | ▲ 75% |
| Profit after taxes | € 80,004 | € 100,064 | € 167,200 | € 323,706 | ▲ 94% |
| Equity | € 5,215,238 | € 5,315,302 | € 5,482,502 | € 5,806,208 | ▲ 6% |
| Total debts | € 946,265 | € 1,571,814 | € 1,354,983 | € 1,092,346 | ▼ 19% |
| Cash | € 32,444 | € 93,682 | € 100,531 | € 234,643 | ▲ 133% |
| Land & buildings | € 5,644,435 | € 6,324,778 | € 6,289,672 | € 6,254,566 | ▼ 1% |
| Retained profit | € 586,588 | € 686,652 | € 853,852 | € 1,177,558 | ▲ 38% |
| Bank debt | € 303,356 | € 673,897 | € 506,880 | € 341,266 | ▼ 33% |
| Balance sheet total | € 6,161,503 | € 6,887,116 | € 6,837,485 | € 6,936,789 | ▲ 1% |
Key figures of MICHIELS H SERVICES, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MICHIELS H SERVICES?
What happened at MICHIELS H SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philip Michiels stepped down as director. NBB
- Els Michiels stepped down as director. NBB
- Herman Michiels stepped down as director. NBB
- Isabelle Michiels stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 323,706 (▲ 94% vs 2023). filed late Source: NBB ↗
- Philip Michiels became a director. NBB
- Els Michiels became a director. NBB
- Herman Michiels became a director. NBB
In short
From € 80,004 profit in 2021 to € 323,706 profit in 2024.
Paid € 210,834 in corporate taxes since 2021.
Best year ever: 2024, with € 323,706 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
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Koppenstraat 2
2221 Heist-op-den-Berg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0876.125.378
- VAT number
- BE 0876.125.378
- Registered office
- Koppenstraat 2, 2221 Heist-op-den-Berg
- Names & denominations
- MICHIELS H SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 2005
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
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Verhuur en lease van landbouwmachines en -werktuigen
Verhuur en exploitatie van terreinen
Overige zakelijke dienstverlening, neg
Verhuur en lease van vrachtwagens