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 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MICHIELS H SERVICES from Heist-op-den-Berg, company number BE0876125378, closed financial year 2025 with a result of € 175,401 after tax. For that financial year MICHIELS H SERVICES recorded a gross margin of € 408,304 and equity of € 6 million. Compared with financial year 2024, the result moved from € 323,706 to € 175,401. The company is profitable. 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 September 30, 2026.
€ 6 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 175,401
▼ 46% vs 2024
Profit after tax over the fiscal year.
€ 200,254
▼ 15% 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 € 1.4 million.
People and assets in 2025
0.5
Average over the fiscal year, from the social balance sheet.
€ 51,851
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 39,574
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 170,140
▼ 50% vs 2024
€ 126,541 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 5,723
▲ € 5,087 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,175
▲ € 14,642 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 310,100 | € 317,796 | € 554,563 | € 408,304 | ▼ 26% |
| Profit after taxes | € 100,064 | € 167,200 | € 323,706 | € 175,401 | ▼ 46% |
| Equity | € 5,315,302 | € 5,482,502 | € 5,806,208 | € 5,981,609 | ▲ 3% |
| Total debts | € 1,571,814 | € 1,354,983 | € 1,092,346 | € 822,197 | ▼ 25% |
| Cash | € 93,682 | € 100,531 | € 234,643 | € 200,254 | ▼ 15% |
| Land & buildings | € 6,324,778 | € 6,289,672 | € 6,254,566 | € 6,219,460 | ▼ 1% |
| Retained profit | € 686,652 | € 853,852 | € 1,177,558 | € 1,352,959 | ▲ 15% |
| Bank debt | € 673,897 | € 506,880 | € 341,266 | € 170,140 | ▼ 50% |
| Balance sheet total | € 6,887,116 | € 6,837,485 | € 6,936,789 | € 6,838,503 | ▼ 1% |
| Employees (FTE) | - | - | - | 0.5 |
Key figures of MICHIELS H SERVICES, 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 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 2025: profit of € 175,401 (▼ 46% vs 2024). 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 € 100,064 profit in 2022 to € 175,401 profit in 2025.
Paid € 275,951 in corporate taxes since 2022.
Best year ever: 2024, with € 323,706 profit.
Management
Directors
According to the 2025 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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- MICHIELS Herman Bernard Anna(oprichter) 92.3%
- MICHIELS Philip(oprichter) 7.7%
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
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur van overige transportmiddelen voor vervoer te land
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en lease van landbouwmachines en -werktuigen
Verhuur en exploitatie van terreinen
Overige zakelijke dienstverlening, neg
Verhuur en lease van vrachtwagens