ACTIVE

Michiels Fabrieken

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Financial year 2025 · Closed on 31/12/2025

Net result
5,6 M €
+5,5 %over 1 year
Revenue
46,9 M €
+18,3 %over 1 year
Equity
14,4 M €
-71,2 %over 1 year
Workforce
30,4 ETP
-1,3 %over 1 year

Identity

Source · BCE/KBO

Michiels Fabrieken is a Public limited company incorporated in 1968. Its registered office is in Zulte. It employs on average 30,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0401.034.325
Incorporation
01/01/1968
Legal form
Public limited company
Registered office
Vijvestraat 200
9870 Zulte · FlandreSee on map
Contributed capital
70 000,00 €
Latest accounts
31/12/2025
Average workforce
30,4 ETP
Joint committees (4)
  • 118
  • 11820
  • 220
  • 22000
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue46,9 M €39,6 M €68,5 M €126,8 M €83,8 M €
EBITDA7,9 M €13 M €22,1 M €29,1 M €17,5 M €
Operating result6,8 M €12 M €21,6 M €28,7 M €17 M €
Net result5,6 M €5,3 M €18,3 M €24,1 M €14,5 M €
Balance sheet
Equity14,4 M €49,9 M €44,6 M €39,3 M €25 M €
Total assets22,5 M €56,9 M €59,9 M €54,5 M €52,8 M €
Cash2,6 M €396 k €2,2 M €13 M €22,1 M €
Debts7,8 M €3,6 M €14,5 M €14,8 M €27,6 M €
Other
Workforce30,4 ETP30,8 ETP31,1 ETP29,1 ETP24,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 18 ended

Active mandates

Frederik Michiels

Managing director

Active
Philippe Michiels

Managing director

Active
Sabine Michiels

Managing director

Active
VINCENT SQ

Managing director · 0894.103.339

Represented by Dirk Michiels

Active

Ended mandates

Frederik Michiels

Managing director · since 17 juin 2017 · until 27 mai 2023

Ended
Philippe Michiels

Managing director · since 17 juin 2017 · until 27 mai 2023

Ended
Sabine Michiels

Managing director · since 17 juin 2017 · until 27 mai 2023

Ended
VINCENT SQ

Managing director · since 17 juin 2017 · until 27 mai 2023 · 0894.103.339

Represented by Dirk Michiels

Ended

Other companies at this address

Vijvestraat 200 9870 Zulte
CompanyCBE no.
BILLIEBUBS● Active
0760.439.616
GROEP MICHIELS● Active
0838.553.716

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 date02/06/202604/07/202504/07/202414/07/202308/07/202226/06/2021
General meeting30/05/202627/06/202525/05/202430/06/202325/06/202229/05/2021
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, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/05/202602/06/2026DutchPDF
Full model31/12/202427/06/202504/07/2025DutchPDF
Full model31/12/202325/05/202404/07/2024DutchPDF
Full model31/12/202230/06/202314/07/2023DutchPDF
Full model31/12/202125/06/202208/07/2022DutchPDF
Full model31/12/202029/05/202126/06/2021DutchPDF
Full model31/12/201930/05/202025/06/2020DutchPDF
Full model31/12/201825/05/201921/06/2019DutchPDF
Full model31/12/201726/05/201806/06/2018DutchPDF
Full model31/12/201617/06/201707/07/2017DutchPDF
Full model31/12/201525/06/201628/06/2016DutchPDF
Full model31/12/201430/05/201517/06/2015DutchPDF
Full model31/12/201331/05/201426/06/2014DutchPDF
Full model31/12/201225/05/201314/06/2013DutchPDF
Full model31/12/201126/05/201221/06/2012DutchPDF
Full model31/12/201028/05/201120/06/2011DutchPDF
Full model31/12/200929/05/201029/06/2010DutchPDF
Full model31/12/200830/05/200926/06/2009DutchPDF
Full model31/12/200731/05/200823/06/2008DutchPDF
Full model31/12/200626/05/200721/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 18 ended

Active mandates

Frederik Michiels

Managing director

Active
Philippe Michiels

Managing director

Active
Sabine Michiels

Managing director

Active
VINCENT SQ

Managing director · 0894.103.339

Represented by Dirk Michiels

Active

Ended mandates

Frederik Michiels

Managing director · since 17 juin 2017 · until 27 mai 2023

Ended
Philippe Michiels

Managing director · since 17 juin 2017 · until 27 mai 2023

Ended
Sabine Michiels

Managing director · since 17 juin 2017 · until 27 mai 2023

Ended
VINCENT SQ

Managing director · since 17 juin 2017 · until 27 mai 2023 · 0894.103.339

Represented by Dirk Michiels

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates08/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other29/01/2024
    DIVERSEN
    PDF
  • Mandates28/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/08/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/06/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/08/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/08/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/06/2011
    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 20255,6 M €↑
  2. 2024
    Annual accounts 20245,3 M €↓
  3. 2023
    Annual accounts 202318,3 M €↓
  4. 30/06/2023
    reconductionMichiels Sabine — bestuurder
  5. 30/06/2023
    reconductionMichiels Frederik — bestuurder
  6. 30/06/2023
    reconductionMichiels Philippe — bestuurder
  7. 30/06/2023
    reconductionVRC Bedrijfsrevisoren CVBA — commissaris
  8. 30/06/2023
    reconductionVINCENT SQ NV — gedelegeerd bestuurder
  9. 2022
    Annual accounts 202224,1 M €↑
  10. 2021
    Annual accounts 202114,5 M €↑
  11. 2018
    Annual accounts 20188,8 M €↑
  12. 2017
    Annual accounts 20177,6 M €↓
  13. 2016
    Annual accounts 20169,3 M €↑
  14. 2015
    Annual accounts 20154,6 M €↑
  15. 2014
    Annual accounts 20143,9 M €↑
  16. 2013
    Annual accounts 20133,3 M €↓
  17. 2012
    Annual accounts 20125,9 M €↑
  18. 2011
    Annual accounts 20115,2 M €↑
  19. 2010
    Annual accounts 20103,9 M €↑
  20. 2009
    Annual accounts 20092,8 M €↑
  21. 2008
    Annual accounts 20082,7 M €↑
  22. 2007
    Annual accounts 20071,1 M €↓
  23. 2006
    Annual accounts 20061,6 M €
  24. 01/01/1968
    IncorporationPublic limited company