Financials
Financial year 2025
MICHELS ELECTRO from Zulte, company number BE0898555045, closed financial year 2025 with a result of € 43,653 after tax. For that financial year MICHELS ELECTRO recorded a gross margin of € 93,584 and equity of € 212,146. Compared with financial year 2024, the result moved from € 13,995 to € 43,653. 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 June 25, 2026.
€ 212,146
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,653
▲ 212% vs 2024
Profit after tax over the fiscal year.
€ 99,511
▲ 37% 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 € 199,646.
People and assets in 2025
€ 31,914
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 24,977
▼ 52% vs 2024
€ 16,339 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 9,385
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,781
▲ 82% 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 | € 27,929 | € 40,160 | € 58,166 | € 93,584 | ▲ 61% |
| Profit after taxes | € 2,963 | € 6,704 | € 13,995 | € 43,653 | ▲ 212% |
| Equity | € 194,294 | € 200,998 | € 168,494 | € 212,146 | ▲ 26% |
| Total debts | € 135,054 | € 210,264 | € 158,779 | € 55,057 | ▼ 65% |
| Cash | € 27,385 | € 70,189 | € 72,510 | € 99,511 | ▲ 37% |
| Land & buildings | - | € 51,701 | € 45,354 | € 39,006 | ▼ 14% |
| Retained profit | € 181,794 | € 188,498 | € 155,994 | € 199,646 | ▲ 28% |
| Dividend | € 0 | € 0 | € 46,500 | € 0 | ▼ 100% |
| Bank debt | € 41,732 | € 77,647 | € 51,699 | € 24,977 | ▼ 52% |
| Balance sheet total | € 329,348 | € 411,262 | € 327,272 | € 267,203 | ▼ 18% |
Key figures of MICHELS ELECTRO, 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 MICHELS ELECTRO?
What happened at MICHELS ELECTRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 43,653 (▲ 212% vs 2024). Source: NBB ↗
- Jeroen Michels became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Zulte. KBO
- Bart Michels became a director. NBB
In short
From € 2,963 profit in 2022 to € 43,653 profit in 2025.
Paid € 33,020 in corporate taxes since 2022.
Best year ever: 2025, with € 43,653 profit.
Paid out € 46,500 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 MICHELS ELECTRO are Jeroen Michels and Bart Michels. Jeroen Michels is also behind Michels Elektro.
Directors
According to the 2025 annual accounts
since 2010
Bart Michels
Bestuurder
since 2008
Establishments
Establishment units
Physical locations of this company
Bauterstraat 11
9870 Zulte
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0898.555.045
- VAT number
- BE 0898.555.045
- Registered office
- Bauterstraat 11, 9870 Zulte
- Names & denominations
- MICHELS ELECTRO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 2008
- Peppol
- Active · Active since 26 Dec 2025
- Activities · NACE
Algemene elektrotechnische installatiewerken