MICHIELS H SERVICES
ActiveFrom the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MICHIELS H SERVICES has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.0m and a net result of €175,401. Equity has been growing by about 6.3% per year since 2018. Its solvency ranks better than 85% of 5,789 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 19-09-2005 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 6 others
- Establishment unit
- 2.149.916.710 2221 Heist-op-den-Berg, since 14-11-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Board and ownership
- Michiels ElsDirector · since 15-12-2021
- Michiels HermanDirector · since 15-12-2021
- Michiels IsabelleDirector · since 15-12-2021
- Michiels PhilipDirector · since 15-12-2021
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €408,304
- ▼ 26.4%
- Turnover
- ≈ €450,000
- estimated
- Profit
- €175,401
- ▼ 45.8%
- Equity
- €6.0m
- ▲ 3.0%
- Total assets
- €6.8m
- ▼ 1.4%
- Staff
- 0.5 FTE
Score breakdownraises riskLiquidity: current ratio 0.30, cash €200,254Last filed accounts filed 61 days late; 1 of the last 3 accounts latelowers riskSize: 0.5 FTE, total assets €6.8mEquity €6.0m (87.5% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 91% of them on solvency, 62% on liquidity, 63% on profitability and 55% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
Comparable companies
These companies have the same main activity as MICHIELS H SERVICES: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €4.1m and €8.1m, founded between 2003 and 2012.
| Company | Total assets | Gross margin |
|---|---|---|
| MICHIELS H SERVICES Heist-op-den-Berg | €6.8m | €0.4m |
| CERGELIS Oudsbergen | €7.7m | €0.4m |
| PUPURN Poperinge | €4.1m | €0.3m |
| ATELIER J&M Schelle | €7.9m | €0.5m |
| INTRA REALTY PROJECTS Rumst | €5.5m | €0.5m |
| Power-Line.BE Kontich | €4.9m | €0.2m |
| Diggy Immo Willebroek | €8.1m | €0.4m |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 30-09-2026
- Annual accounts 2024filed on 29-08-2025
- Annual accounts 2023filed on 28-08-2024
- Annual accounts 2022filed on 28-06-2023
Acts in the Belgian Official Gazette
All publications in the Belgian Official GazetteArticles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about MICHIELS H SERVICES
- What is the company number of MICHIELS H SERVICES?
- The company number of MICHIELS H SERVICES is 0876.125.378. The VAT number is the same number with BE in front: BE 0876.125.378.
- Where is MICHIELS H SERVICES based?
- The registered office is at Koppenstraat 2, 2221 Heist-op-den-Berg.Company details
- What does MICHIELS H SERVICES do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of MICHIELS H SERVICES?
- The legal form of MICHIELS H SERVICES is Public limited company (NV).
- When was MICHIELS H SERVICES founded?
- MICHIELS H SERVICES was founded on 19-09-2005.
- Is MICHIELS H SERVICES still active?
- Yes, MICHIELS H SERVICES is an active enterprise in the KBO register.
- How many employees does MICHIELS H SERVICES have?
- MICHIELS H SERVICES had an average of 0.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MICHIELS H SERVICES?
- The turnover in financial year 2025 is ≈ €450,000. This figure is estimated from the gross margin of €408,304 and 39 comparable companies (NACE 68203). It probably lies between €430,000 and €560,000. In financial year 2019 turnover was €780,000.
- Is MICHIELS H SERVICES profitable?
- In financial year 2025, MICHIELS H SERVICES made a profit of €175,401.
- Where can I find the annual accounts of MICHIELS H SERVICES?
- MICHIELS H SERVICES filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
- When are the next annual accounts of MICHIELS H SERVICES due?
- MICHIELS H SERVICES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
See how customers, suppliers and banks see your own company and what to improve first.