Equity
€198,595 ▲ 20.3%
MICHELDENOLF has made a profit without a break since 2023.
MICHELDENOLF
Lifetime
14 annual accounts with figures on one time axispeak €903,904 (2012)
€746,926▼ 10.3%
lowest -€122,269 (2013)
€33,536▼ 68.1%
peak €198,595 (2025)
€198,595▲ 20.3%
€818,861▲ 5.3%
peak 16 FTE (2012)
11.4 FTE▼ 10.2%
Board6 names since 2016
2 directors and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
13-08-202613 days late
2025financial year
Result from €105,078 to €33,536Staff from 12.7 FTE to 11.4 FTEEquity from €165,059 to €198,595Cash from €80,615 to €48,635
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Key points
from the 2025 annual accountsResult
€33,536 ▼ 68.1%
The result fell in 2025 from €105,078 to €33,536.
Turnover
≈ €1.8m estimated
The accounts state no turnover.
Debts
€818,861 80% of the balance sheet
Financial debts 85%Suppliers 8%Taxes and wages 3%Other 4%
Of this, €93,311 falls due within a year.
Staff
11.4 FTE from 16 in 2012
Between 2012 and 2025, 29% of the full-time equivalents disappeared.
Filings
14 annual accounts since 2012
Six of the last ten came late. The 2021 accounts came latest: 31 days after the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as MICHELDENOLF has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for MICHELDENOLF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
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Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0834844851
Amendment of the articles
General meeting of 30-12-2023 · Gazette deed
2 directors appointed, 1 resignation
Resignation: (managing director) · Appointments: and (managing director) · Permanent representative: · General meeting of 12-06-2020 · Gazette deed
1 director appointed, 2 resignations, 1 reappointment
Resignations: and · Appointment: · Permanent representative: · General meeting of 14-12-2017 · Gazette deed
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Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MICHELDENOLF Ichtegem | €1.0m | €746,926 | 19.5% | 11.4 |
| ATELIER TERNIER Ghent | €1.4m | €848,692 | 29.7% | 10.6 |
| LUYPAERT INTERIEUR Kortrijk | €0.8m | €485,611 | 2.6% | 7.8 |
| HOME COACH Roeselare | €1.5m | €486,389 | 46.4% | 6.9 |
| STARK Bruges | €2.3m | €745,180 | 38.0% | 8.7 |
| GEERT HEX INTERIEUR Bilzen-Hoeselt | €1.7m | €927,802 | 44.9% | 8.6 |
| JM INTERIEUR Turnhout | €1.5m | €932,329 | 78.5% | 7.5 |
These companies have the same main activity as MICHELDENOLF: manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004). They are comparable in size and age: total assets between €777,000 and €2.3m, founded between 2007 and 2011.
Official details
Source: KBO- Status
- Active since 23-03-2011Normal situation
- Activity
- Manufacture of dining room, living room, bedroom and bathroom furnitureNACE 31004
- Joint committee
- 126Furnishing and woodworking · annual accounts 2025
- Establishment unit
- 2.202.515.8508480 Ichtegem, since 25-03-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 09-01-2026
Annual accounts 2025
- €1.0m▲ 7.9%
- Employeeson 31-12-2025
- 11▼ 15.4%
- Filing
- Filed on 13-08-2026
Insights on MICHELDENOLF
MICHELDENOLF has existed since 2011. The gross margin fell from €903,904 in 2012 to €377,845 in 2013.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MICHELDENOLF
- What is the company number of MICHELDENOLF?
- The company number of MICHELDENOLF is 0834.844.851. The VAT number is the same number with BE in front: BE 0834.844.851.
- Where is MICHELDENOLF based?
- The registered office is at Oostendesteenweg 143, 8480 Ichtegem.Company details
- What does MICHELDENOLF do?
- According to the KBO register, the main activity is manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004).
- What is the legal form of MICHELDENOLF?
- MICHELDENOLF is a public limited company (NV).
- When was MICHELDENOLF founded?
- MICHELDENOLF was founded on 23-03-2011.
- Is MICHELDENOLF still active?
- Yes, MICHELDENOLF is an active enterprise in the KBO register.
- How many employees does MICHELDENOLF have?
- MICHELDENOLF had an average of 11.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MICHELDENOLF fall under?
- In its 2025 annual accounts, MICHELDENOLF states joint committee 126 (Furnishing and woodworking).
- What is the turnover of MICHELDENOLF?
- The turnover in financial year 2025 is ≈ €1.8m. This figure is estimated from the gross margin of €746,926 and 2,274 comparable companies of the same size. It probably lies between €1.1m and €3.0m. It is a rough estimate.
- Is MICHELDENOLF profitable?
- In financial year 2025, MICHELDENOLF made a profit of €33,536.
- Where can I find the annual accounts of MICHELDENOLF?
- MICHELDENOLF filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MICHELDENOLF due?
- MICHELDENOLF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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