Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
MICHIELS BORINGEN from Bilzen-Hoeselt, company number BE0889912147, closed financial year 2025 with a result of € 64,964 after tax. For that financial year MICHIELS BORINGEN recorded a gross margin of € 585,207 and equity of € 457,347. Compared with financial year 2024, the result moved from € 147,940 to € 64,964. 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 April 29, 2026.
€ 457,347
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 64,964
▼ 56% vs 2024
Profit after tax over the fiscal year.
€ 167,879
▼ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 37,537 paid out
58 % of the profit went to the shareholders, mostly to COSEMANS BV (100 % of the shares). That is where the money ends up.
People and assets in 2025
2.2
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 181,104
▲ 20% vs 2024
€ 82,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 328,080
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 859,211
▼ 12% vs 2024
€ 158,243 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 44,221
▼ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,804
▼ 87% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 470,518 | € 520,345 | € 618,967 | € 585,207 | ▼ 5% |
| Profit after taxes | € 56,390 | € 75,861 | € 147,940 | € 64,964 | ▼ 56% |
| Equity | € 278,805 | € 354,666 | € 429,920 | € 457,347 | ▲ 6% |
| Total debts | € 1,065,395 | € 1,163,307 | € 1,103,748 | € 917,373 | ▼ 17% |
| Cash | € 101,838 | € 89,685 | € 191,125 | € 167,879 | ▼ 12% |
| Land & buildings | € 214,817 | € 200,082 | € 200,225 | € 181,896 | ▼ 9% |
| Retained profit | € 266,305 | € 342,166 | € 417,420 | € 444,847 | ▲ 7% |
| Dividend | € 54,273 | € 0 | € 72,686 | € 37,537 | ▼ 48% |
| Bank debt | € 941,968 | € 1,020,766 | € 976,371 | € 859,211 | ▼ 12% |
| Balance sheet total | € 1,370,200 | € 1,543,973 | € 1,559,667 | € 1,400,720 | ▼ 10% |
| Employees (FTE) | 3.3 | 2.7 | 1.9 | 2.2 | ▲ 0.3 |
Key figures of MICHIELS BORINGEN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MICHIELS BORINGEN?
What happened at MICHIELS BORINGEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 64,964 (▼ 56% vs 2024). Source: NBB ↗
- COSEMANS BV became a director. NBB
- PASCAL MICHIELS stepped down as director. NBB
- New establishment in Bilzen-Hoeselt. KBO
- PASCAL MICHIELS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 56,390 profit in 2022 to € 64,964 profit in 2025.
Paid € 106,789 in corporate taxes since 2022.
Best year ever: 2024, with € 147,940 profit.
On average € 266,000 of value added per employee in 2025.
A new publication or filing at MICHIELS BORINGEN? We notify you, reason included.
Follow MICHIELS BORINGENDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
The stake of COSEMANS BV comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MICHIELS BORINGENBehind MICHIELS BORINGEN is COSEMANS BV. The shares are held by COSEMANS BV (100%).
Directors
According to the 2025 annual accounts
Director · represented by COSEMANS JORDY
since 2025
since 2007 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Katteveldstraat 23 box C
3730 Bilzen-Hoeselt
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
- 0889.912.147
- VAT number
- BE 0889.912.147
- Registered office
- Katteveldstraat 23 bus C, 3730 Bilzen-Hoeselt
- Names & denominations
- MICHIELS BORINGEN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 June 2007
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Proefboren en boren