ACTIVE

MICHELIN BELUX

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Financial year 2025 · Closed on 31/12/2025

Net result5,9 M €+3,6 %over 1 year
Revenue245,3 M €-3,6 %over 1 year
Equity6,9 M €-0,3 %over 1 year
Workforce60,1 ETP-3,7 %over 1 year

Identity

Source · BCE/KBO

MICHELIN BELUX is a Public limited company incorporated in 1913. Its main activity is: Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres. Its registered office is in Asse. It employs on average 60,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0400.906.146
Incorporation
20/12/1913
Legal form
Public limited company
Registered office
Brusselsesteenweg 494 box 1
1731 Asse · FlandreSee on map
Contributed capital
6 200 000,00 €
Latest accounts
31/12/2025
Average workforce
60,1 ETP
Joint committees (2)
  • 116
  • 207
Contacts
2 public details availableLog in to view
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 50 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue245,3 M €254,5 M €332,3 M €319,1 M €284 M €
EBITDA7,9 M €7,4 M €9,9 M €6,4 M €5,9 M €
Operating result7,8 M €7,2 M €9,5 M €6,4 M €5,8 M €
Net result5,9 M €5,7 M €7,2 M €4,6 M €4,1 M €
Balance sheet
Equity6,9 M €6,9 M €6,9 M €6,9 M €6,9 M €
Total assets87,4 M €84,1 M €94,4 M €111,3 M €102,9 M €
Cash––6,2 M €5,5 M €936,2 k €
Debts76,1 M €74,2 M €79 M €96,9 M €90,6 M €
Other
Workforce60,1 ETP62,4 ETP67,3 ETP71,6 ETP76,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 65 ended

Active mandates

Gert-Jan VERHOEVE

Chairman of the board of directors · since 28 mai 2024 · until 28 mai 2030

Active
Jean-Charles CAMBIER

Director · since 28 mai 2024 · until 28 mai 2030

Active
Leslie HELSEN

Director · since 28 mai 2024 · until 28 mai 2030

Active
Raquel Rebeca NIETO

Director · since 28 mai 2024 · until 31 décembre 2025

Active

Ended mandates

Raquel Rebeca NIETO

Director · since 28 mai 2024 · until 28 mai 2030

Ended
Raquel Rebeca NIETO

Director · since 29 juillet 2023 · until 28 mai 2024

Ended
Jean-Charles CAMBIER

Director · since 30 mai 2023 · until 28 mai 2024

Ended
Gert-Jan VERHOEVE

Chairman of the board of directors · since 01 janvier 2023 · until 30 mai 2023

Ended

Other companies at this address

Brusselsesteenweg 494 1731 Asse
CompanyCBE no.
DEELVERENIGING VAN MEDE-EIGENAARS GEBOUW B - CONNEXION PARK, TE 1731 ASSE (ZELLIK), BRUSSELSTEENWEG 494● Active
0784.973.191
Michelin Research & Development Belgium● Active
0456.514.365

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/06/202611/06/202530/05/202412/06/202329/11/202202/09/2021
General meeting26/05/202627/05/202528/05/202430/05/202331/05/202225/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 50 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/05/202603/06/2026DutchPDF
Full model31/12/202427/05/202511/06/2025DutchPDF
Full model31/12/202328/05/202430/05/2024DutchPDF
Full model31/12/202230/05/202312/06/2023DutchPDF
Full modelCorrection31/12/202131/05/202229/11/2022DutchPDF
Full model31/12/202131/05/202221/06/2022DutchPDF
Full model31/12/202025/05/202102/09/2021DutchPDF
Full model31/12/201926/05/202015/06/2020DutchPDF
Full model31/12/201828/05/201905/06/2019DutchPDF
Full model31/12/201729/05/201820/06/2018DutchPDF
Full model31/12/201630/05/201709/06/2017DutchPDF
Full model31/12/201531/05/201602/06/2016DutchPDF
Full model31/12/201426/05/201527/05/2015DutchPDF
Full model31/12/201327/05/201428/05/2014DutchPDF
Full model31/12/201228/05/201310/06/2013DutchPDF
Full model31/12/201129/05/201229/05/2012DutchPDF
Full model31/12/201031/05/201107/06/2011DutchPDF
Full model31/12/200925/05/201028/05/2010DutchPDF
Full model31/12/200826/05/200927/05/2009DutchPDF
Full model31/12/200727/05/200829/05/2008DutchPDF
Full model31/12/200629/05/200730/05/2007DutchPDF
Full model31/12/200513/06/200605/07/2006DutchPDF
Full model31/12/200414/06/200524/06/2005DutchPDF
Full model31/12/200308/06/200430/06/2004DutchPDF
Full model31/12/200210/06/200303/07/2003DutchPDF
Full model31/12/200111/06/200221/06/2002FrenchPDF
Full model31/12/200012/06/200126/06/2001FrenchPDF
Full model31/12/199913/06/200016/06/2000FrenchPDF
Full model31/12/199808/06/199918/06/1999FrenchPDF
Full model31/12/199709/06/199818/06/1998French—
Full model31/12/199610/06/199719/06/1997French—
Full model31/12/199511/06/199609/07/1996French—
Full model31/12/199413/06/199520/06/1995French—
Full model31/12/199328/06/199430/06/1994French—
Full model31/12/199208/06/199322/06/1993French—
Full model31/12/199109/06/199223/06/1992French—
Full model31/12/199011/06/199117/06/1991French—
Full model31/12/198906/06/199015/06/1990French—
m930-p31/12/198813/06/198922/06/1989French—
m930-p31/12/198714/06/198823/06/1988French—
m930-p31/12/198616/06/198724/06/1987French—
m930-p31/12/198512/06/198619/06/1986French—
m930-p31/12/198411/06/198526/06/1985French—
m903-p31/12/198307/06/198421/06/1984French—
m903-p31/12/198209/06/198315/06/1983French—
m903-p31/12/198108/06/198210/06/1982French—
m903-p31/12/198001/01/999918/06/1981French—
m903-p31/12/197901/01/999916/06/1980English—
m903-p31/12/197801/01/999921/06/1979French—
m903-p31/12/197701/01/999921/06/1978English—

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

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

4 active · 65 ended

Active mandates

Gert-Jan VERHOEVE

Chairman of the board of directors · since 28 mai 2024 · until 28 mai 2030

Active
Jean-Charles CAMBIER

Director · since 28 mai 2024 · until 28 mai 2030

Active
Leslie HELSEN

Director · since 28 mai 2024 · until 28 mai 2030

Active
Raquel Rebeca NIETO

Director · since 28 mai 2024 · until 31 décembre 2025

Active

Ended mandates

Raquel Rebeca NIETO

Director · since 28 mai 2024 · until 28 mai 2030

Ended
Raquel Rebeca NIETO

Director · since 29 juillet 2023 · until 28 mai 2024

Ended
Jean-Charles CAMBIER

Director · since 30 mai 2023 · until 28 mai 2024

Ended
Gert-Jan VERHOEVE

Chairman of the board of directors · since 01 janvier 2023 · until 30 mai 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Dissolution28/08/2026
    Ontslag, benoeming en stopzetting gevolmachtigde
    PDF
  • Mandates16/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other15/07/2024
    DIVERSEN
    PDF
  • Mandates22/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20255,9 M €↑
  2. 2024
    Annual accounts 20245,7 M €↓
  3. 30/06/2024
    nominationKevin Veestraeten — Commissaris
  4. 2023
    Annual accounts 20237,2 M €↑
  5. 29/07/2023
    nominationRaquel Rebeca NIETO — Bestuurder
  6. 2022
    Annual accounts 20224,6 M €↑
  7. 19/12/2022
    nominationGert-Jan VERHOEVE — Lid en Voorzitter van de Raad van Bestuur alsmede tot afgevaardigde van het dagelijks bestuur (Gedelegeerd Bestuurder)
  8. 31/05/2022
    reconductionLeslie HELSEN — Bestuurder
  9. 31/05/2022
    reconductionThomas FONTANA — Bestuurder
  10. 31/05/2022
    reconductionEric FAIDY — Bestuurder
  11. 31/05/2022
    reconductionJean-Charles CAMBIER — Bestuurder
  12. 31/05/2022
    reconductionAlice GALLARDO — Algemeen Gevolmachtigde, met de titel van Financieel Directeur
  13. 31/05/2022
    nominationMathy DOUMEN — Commissaris (vertegenwoordiger van BV PWC Bedrijfsrevisoren)
  14. 01/04/2022
    nominationThomas FONTANA — lid van de Raad van Bestuur, afgevaardigde van het dagelijks bestuur, Voorzitter van de Raad van Bestuur en Personeelsdirecteur
  15. 01/04/2022
    nominationLeslie HELSEN — lid van de Raad van Bestuur
  16. 01/04/2022
    nominationJean-Charles CAMBIER — lid van de Raad van Bestuur
  17. 2021
    Annual accounts 20214,1 M €↑
  18. 2020
    Annual accounts 20203,8 M €↓
  19. 2019
    Annual accounts 20194,2 M €↓
  20. 2018
    Annual accounts 20184,6 M €↑
  21. 2017
    Annual accounts 20173,8 M €↑
  22. 2016
    Annual accounts 20163,7 M €↑
  23. 2015
    Annual accounts 20153,1 M €↑
  24. 2014
    Annual accounts 20142,9 M €↓
  25. 2013
    Annual accounts 20133,3 M €↓
  26. 2012
    Annual accounts 20123,4 M €↓
  27. 2011
    Annual accounts 20113,9 M €↑
  28. 2010
    Annual accounts 20103,1 M €↑
  29. 2009
    Annual accounts 20092,9 M €↓
  30. 2008
    Annual accounts 20083,9 M €↑
  31. 2007
    Annual accounts 20073,4 M €↓
  32. 2006
    Annual accounts 20063,6 M €
  33. 20/12/1913
    IncorporationPublic limited company