ACTIVE

MICHAND

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result867,1 k €+18,3 %over 1 year

Gross margin3,1 M €+29,0 %over 1 year

Equity6,6 M €-0,4 %over 1 year

Workforce4,3 ETP-2,3 %over 1 year

Identity

Source · BCE/KBO

MICHAND is a Public limited company incorporated in 1994. Its main activity is: Sea and coastal freight water transport. Its registered office is in Schilde. It employs on average 4,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0452.325.450
Incorporation: 16/03/1994
Legal form: Public limited company
Registered office: Rozenlaan 6
2970 Schilde · FlandreSee on map
Contributed capital: 310 000,00 €
Latest accounts: 31/12/2025
Average workforce: 4,3 ETP

Activities (NACE)

50200Sea and coastal freight water transport· main 50200Sea and coastal freight water transport 50400Inland freight water transport 50400Inland freight water transport 61100Wired telecommunications activities 61200Wireless telecommunications activities+4

Joint committees (5)

200
2000
218
226
2260

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	3,1 M €	+29.0%	2,4 M €	+187%	830,8 k €	-41.8%	1,4 M €	+54.5%	923,6 k €
EBITDA	2,6 M €	+35.1%	2 M €	+412%	381,5 k €	-62.2%	1 M €	+79.0%	564 k €
Operating result	1 M €	+32.1%	761 k €	+1151%	60,8 k €	-64.9%	173,1 k €	+173%	-237,7 k €
Net result	867,1 k €	+18.3%	732,7 k €	+1029%	-78,9 k €	-122%	351,2 k €	+258%	-221,6 k €
Balance sheet
Equity	6,6 M €	-0.4%	6,6 M €	+0.3%	6,6 M €	+51.0%	4,4 M €	+6.8%	4,1 M €
Total assets	31,7 M €	+16.1%	27,3 M €	+19.9%	22,8 M €	+60.8%	14,2 M €	-5.6%	15 M €
Cash	72,4 k €	+136%	30,7 k €	+23.4%	24,9 k €	+593%	3,6 k €	-84.8%	23,7 k €
Debts	23,6 M €	+22.7%	19,2 M €	+30.2%	14,8 M €	+64.2%	9 M €	-11.3%	10,1 M €
Other
Workforce	4,3 ETP	-2.3%	4,4 ETP	-6.4%	4,7 ETP	-13.0%	5,4 ETP	+17.4%	4,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VERFINCO0466.085.988Represented by Erik Vermeylen	DirectorManaging director30/09/2005 → 2010 accountsendedMandate30/09/2005 → 2009 accountsendedVice-chairman of the board of directors30/09/2005 → 2006 accountsendedAdministrator - manager2015 accountsendedManager2014 accountsended
VERMEYLEN INVESTMENT COMPANY0744.935.650Represented by Tom Vermeylen	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Erik Vermeylen	Mandate01/08/2009 → 2009 accounts
Maria Geijskens	Mandate09/10/2007 → 14/08/2009Director09/10/2007 → 2008 accounts

Other companies at this address

Rozenlaan 6 2970 Schilde

Company	CBE no.
Royal Fuel Transport● Active	1024.874.581

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/06/2026	03/07/2025	09/07/2024	29/06/2023	07/06/2022	11/05/2021
General meeting	26/05/2026	16/06/2025	17/06/2024	29/05/2023	30/05/2022	26/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/05/2026	16/06/2026	Dutch	PDF
Abridged model	31/12/2024	16/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	17/06/2024	09/07/2024	Dutch	PDF
Abridged model	31/12/2022	29/05/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/05/2022	07/06/2022	Dutch	PDF
Abridged model	31/12/2020	26/04/2021	11/05/2021	Dutch	PDF
Abridged model	31/12/2019	25/05/2020	23/06/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	13/06/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	29/05/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	26/05/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	28/05/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	28/05/2007	29/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VERFINCO0466.085.988Represented by Erik Vermeylen	DirectorManaging director30/09/2005 → 2010 accountsendedMandate30/09/2005 → 2009 accountsendedVice-chairman of the board of directors30/09/2005 → 2006 accountsendedAdministrator - manager2015 accountsendedManager2014 accountsended
VERMEYLEN INVESTMENT COMPANY0744.935.650Represented by Tom Vermeylen	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Erik Vermeylen	Mandate01/08/2009 → 2009 accounts
Maria Geijskens	Mandate09/10/2007 → 14/08/2009Director09/10/2007 → 2008 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring05/08/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring27/05/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates20/08/2020
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates09/01/2020
WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/08/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/10/2011
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

VERFINCO

VERMEYLEN INVESTMENT COMPANY

Erik Vermeylen

Maria Geijskens

199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

MICHAND

Rozenlaan 6, 2970 Schilde

DirectorManaging directorVice-chairman of the board of directors

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rozenlaan 6, 2970 SchildeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00170550

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MICHANDCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00170550

Events

2025
Annual accounts 2025867,1 k €↑
2024
Annual accounts 2024732,7 k €↑
2023
Annual accounts 2023-78,9 k €↓
2022
Annual accounts 2022351,2 k €↑
2021
Annual accounts 2021-221,6 k €↓
2020
Annual accounts 2020290 k €↑
2019
Annual accounts 2019-124,2 k €↓
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 201749,2 k €↓
2016
Annual accounts 201659 k €↓
2015
Annual accounts 2015477,4 k €↑
2014
Annual accounts 2014186,8 k €↓
2013
Annual accounts 2013308,1 k €↑
2012
Annual accounts 2012301,7 k €↓
2011
Annual accounts 2011886,3 k €↑
2010
Annual accounts 2010172,6 k €↑
2009
Annual accounts 2009-34,8 k €↓
2008
Annual accounts 2008168,2 k €↑
2007
Annual accounts 200770,8 k €↑
2006
Annual accounts 200654,6 k €
16/03/1994
IncorporationPublic limited company

MICHAND

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events