Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 1 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GEOTHERMIE MICHIELS from Haaltert, company number BE1009127523, closed financial year 2025 with a result of € -436,055 after tax. For that financial year GEOTHERMIE MICHIELS recorded a gross margin of € -148,002 and equity of € -426,055. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -426,055
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -436,055
Profit after tax over the fiscal year.
€ 20,412
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -436,055.
People and assets in 2025
0.7
Average over the fiscal year, from the social balance sheet.
€ 31,765
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 709,382
Of which on lease € 586,143.
Debts at end 2025
€ 1.5 million
€ 59,523 is repaid this year. At this pace the long-term loan is gone in ≈ 25 years.
€ 81,310
Supplier invoices still open on the last day of the fiscal year.
€ 19,748
Taxes, VAT and social contributions still to pay.
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What happened to GEOTHERMIE MICHIELS?
What happened at GEOTHERMIE MICHIELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 436,055. filed late Source: NBB ↗
- New establishment in Ninove. KBO
- New establishment in Haaltert. KBO
- Start of the company according to the CBE. KBO
- GEOFFREY MICHIELS became a director. NBB
In short
Paid € 263 in corporate taxes since 2025.
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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 GEOTHERMIE MICHIELS is GEOFFREY MICHIELS. The shares are held by GEOFFREY MICHIELS (95%) and PATRICK MICHIELS (5%).
Directors
According to the 2025 annual accounts
GEOFFREY MICHIELS
Director
Owns 95% directly
since 2024
Shareholders
GEOFFREY MICHIELS · director
95%
PATRICK MICHIELS
5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Berenhoek(HE) 9
9450 Haaltert
Nederhasseltstraat(Ned) 200
9400 Ninove
Active since 5 June 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1009.127.523
- VAT number
- BE 1009.127.523
- Registered office
- Berenhoek(HE) 9, 9450 Haaltert
- Names & denominations
- GEOTHERMIE MICHIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 May 2024
- Peppol
- Active · Active since 22 Sept 2025
- Activities · NACE
Proefboren en boren
Overige bouwinstallatie
Overige bouwinstallatie, n.e.g.
Bouwrijp maken van terreinen
Algemene elektrotechnische installatiewerken
Sanitaire werkzaamheden
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit