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TRANSPORT MICHIELS

Active
Private limited companyfounded 1988active for 38 yearsZuidgoordijkstraat 1, 2235 Hulshout, BelgiumKBO/BCE: BE 0434.839.518

From the official registers: KBO 44 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

TRANSPORT MICHIELS has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.4m and a net result of -€51,391. Equity has been growing by about 8.4% per year since 2018. Its solvency ranks better than 44% of 1,081 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow ReportCompare
TRANSPORT MICHIELSActiveChecked score 83/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 12-07-1988 Normal situation
Legal form
Private limited company
Registered office
Zuidgoordijkstraat 1, 2235 Hulshout
Activity
Freight transport by road NACE 49410
Establishment unit
2.040.288.003 2235 Hulshout, since 26-09-1988
Financial year end
31 December
Peppol
Reachable since 22-12-2025
Company details

Board and ownership

Board
Auditor
Moore Audit
Shareholders
Board & ownership

Financial position

83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Turnover
€42.0m
▼ 0.2%
Loss
€51,391
Equity
€7.4m
▼ 0.7%
Total assets
€21.9m
▲ 6.5%
Staff
206.8 FTE
▼ 3.8%
Standalone figures, without subsidiaries2025 accounts filed 25 days before the deadline
Filed on 06-07-2026at the National Bank
Financials
Score breakdownraises riskLiquidity: current ratio 1.54, cash €146,312, halvedSector: Land transport and transport via pipelines (NACE 49)lowers riskFounded in 1988Size: turnover €42.0m, 206.8 FTE, total assets €21.9m, files consolidated accountsShow the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 43% of medium-sized companies in land transport (NACE 49)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Average
Solvency 59-2
equity 33.9% of total assets
Liquidity 30-15
short-term debt 42.8% · cash 0.7%
Profitability 63-4
return on assets -0.2%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (273 companies, NACE 49, medium-sized)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.1%▼ -0.1 percentage points vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.4%● unchanged vs 08-2026highest value 10-2026: 0.4%● unchanged vs 09-2026highest value
Credit of up to €600,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (1.72 in 2024), above the usual 1.5. Short-term debt is 42.8% and cash 0.7% of total assets. However, 66.1% of the assets are financed with debt and provisions.
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 49, medium-sized). It does better than 55% of them on solvency, 40% on liquidity, 41% on profitability and 36% 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).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.54, cash €146,312, halved
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Size: turnover €42.0m, 206.8 FTE, total assets €21.9m, files consolidated accounts
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
25 days early
2024
44 days early
2023
20 days early
2022
38 days early
2021
26 days early
2020
18 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 29 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €467,699 in 2024 -€51,391 View
  • Positive: Largest employer in Hulshoutin the Checked rankings No. 1 View
  • Merger with TRM SERVICESmerger on 30-04-2026 2026 View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Flemish supportawarded from 2022 to 2025 €136,561 View

Documents

Annual accounts at the NBB

All 44 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about TRANSPORT MICHIELS

What is the company number of TRANSPORT MICHIELS?
The company number of TRANSPORT MICHIELS is 0434.839.518. The VAT number is the same number with BE in front: BE 0434.839.518.
Where is TRANSPORT MICHIELS based?
The registered office is at Zuidgoordijkstraat 1, 2235 Hulshout.Company details
What does TRANSPORT MICHIELS do?
According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of TRANSPORT MICHIELS?
The legal form of TRANSPORT MICHIELS is Private limited company (BV).
When was TRANSPORT MICHIELS founded?
TRANSPORT MICHIELS was founded on 12-07-1988.
Is TRANSPORT MICHIELS still active?
Yes, TRANSPORT MICHIELS is an active enterprise in the KBO register.
How many employees does TRANSPORT MICHIELS have?
TRANSPORT MICHIELS had an average of 206.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TRANSPORT MICHIELS?
The turnover of TRANSPORT MICHIELS was €42.0m in financial year 2025, according to the filed annual accounts.
Is TRANSPORT MICHIELS profitable?
In financial year 2025, TRANSPORT MICHIELS made a loss of €51,391.
Where can I find the annual accounts of TRANSPORT MICHIELS?
TRANSPORT MICHIELS filed 44 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 TRANSPORT MICHIELS due?
TRANSPORT MICHIELS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Companies linked to TRANSPORT MICHIELS

Comparable companies

These companies have the same main activity as TRANSPORT MICHIELS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €16m and €25m, founded between 1980 and 1998.

CompanyTotal assetsTurnover
TRANSPORT MICHIELS Hulshout€21.9m€42.0m
KAREL VAN DE POEL EN ZONEN Herenthout€23.0m€38.9m
S'JEGERS LOGISTICS Laakdal€15.6m€37.3m
HÖDLMAYR LOGISTICS BELGIUM Tongeren-Borgloon€20.6m€65.7m
VUYLSTEKE Tournai€24.6m€25.3m
INTERNATIONAAL TRANSPORT GILBERT DE CLERCQ Temse€24.2m€56.7m
Mervielde Evergem€17.5m€39.6m
Full comparison

Next steps

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