MICHEL BAES
0413.970.759 · rovalta.com · 25/09/2026
ACTIVE
MICHEL BAES
Financial year 2024 · Closed on 31/12/2024
Net result-39,3 k €-1,2 %over 1 year
Gross margin123,5 k €+43,7 %over 1 year
Equity-272,2 k €-16,9 %over 1 year
Overview
Identity
Source · BCE/KBOMICHEL BAES is a Public limited company incorporated in 1974. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Stekene.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0413.970.759
- Incorporation
- 01/02/1974
- Legal form
- Public limited company
- Registered office
- Koewacht(STE) 92 box A
9190 Stekene · Flandre - Contributed capital
- 62 000,00 €
- Latest accounts
- 31/12/2024
Activities (NACE)
Signals
Good liquidity
Financials
Source · NBB, 19 filingsTrend over 18 financial years
| 2024 | 2023 | 2022 | 2021 | 2019 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 123,5 k € | +43.7% | 85,9 k € | -33.1% | 128,4 k € | +3.3% | 124,3 k € | -3.4% | 128,7 k € |
| EBITDA | -22,4 k € | -7.2% | -20,9 k € | -980% | -1,9 k € | -335% | 822 € | +131% | -2,6 k € |
| Operating result | -30,6 k € | -8.4% | -28,3 k € | -5.5% | -26,8 k € | +1.5% | -27,2 k € | +27.1% | -37,3 k € |
| Net result | -39,3 k € | -1.2% | -38,9 k € | +7.8% | -42,1 k € | +27.5% | -58,1 k € | -15.9% | -50,1 k € |
| Balance sheet | |||||||||
| Equity | -272,2 k € | -16.9% | -232,9 k € | -20.0% | -194 k € | -27.8% | -151,9 k € | -157% | -59,1 k € |
| Total assets | 584 k € | +4.8% | 557,1 k € | -2.4% | 570,7 k € | +3.4% | 551,9 k € | -9.6% | 610,5 k € |
| Cash | 5,9 k € | -14.2% | 6,9 k € | +39.0% | 5 k € | +4.3% | 4,8 k € | -30.4% | 6,8 k € |
| Debts | 855,8 k € | +8.5% | 788,5 k € | +3.5% | 761,9 k € | +9.9% | 693,5 k € | +4.1% | 666,5 k € |
| Other | |||||||||
| Workforce | – | 2,7 ETP | -3.6% | 2,8 ETP | -26.3% | 3,8 ETP | – | ||
Board of directors
Source · NBB, accounts to 31/12/20231 active · 2 ended
Active mandates
Tony Baes
ActiveEnded mandates
Blanche Huyghe
EndedMichel Baes
EndedFinancials
Full financial information
Source · NBB| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Abridged model | Abridged model | Abridged model | Abridged model | Micro model |
| Start of the financial year | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 |
| Closing of the financial year | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 16/11/2025 | 03/10/2024 | 05/09/2023 | 13/09/2022 | 20/07/2022 | 11/05/2022 |
| General meeting | 26/05/2025 | 27/05/2024 | 29/05/2023 | 30/05/2022 | 30/05/2021 | 25/05/2020 |
| 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 · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 19 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2024 | 26/05/2025 | 16/11/2025 | Dutch | |
| Abridged model | 31/12/2023 | 27/05/2024 | 03/10/2024 | Dutch | |
| Abridged model | 31/12/2022 | 29/05/2023 | 05/09/2023 | Dutch | |
| Abridged model | 31/12/2021 | 30/05/2022 | 13/09/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/05/2021 | 20/07/2022 | Dutch | |
| Micro model | 31/12/2019 | 25/05/2020 | 11/05/2022 | Dutch | |
| Micro model | 31/12/2018 | 27/05/2019 | 30/09/2019 | Dutch | |
| Micro model | 31/12/2017 | 28/05/2018 | 30/11/2018 | Dutch | |
| Micro model | 31/12/2016 | 29/05/2017 | 27/09/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/05/2016 | 26/09/2016 | Dutch | |
| Abridged model | 31/12/2014 | 25/05/2015 | 28/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 26/05/2014 | 24/12/2014 | Dutch | |
| Abridged model | 31/12/2012 | 27/05/2013 | 19/09/2013 | Dutch | |
| Abridged model | 31/12/2011 | 28/05/2012 | 18/09/2012 | Dutch | |
| Abridged model | 31/12/2010 | 30/05/2011 | 29/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 31/05/2010 | 07/09/2010 | Dutch | |
| Abridged model | 31/12/2008 | 25/05/2009 | 21/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 26/05/2008 | 22/09/2008 | Dutch | |
| Abridged model | 31/12/2006 | 28/05/2007 | 18/09/2007 | Dutch |
Valuation
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20231 active · 2 ended
Active mandates
Tony Baes
ActiveEnded mandates
Blanche Huyghe
EndedMichel Baes
EndedOwnership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official GazetteSimilar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2024Annual accounts 2024-39,3 k €↓
- 2023Annual accounts 2023-38,9 k €↑
- 2022Annual accounts 2022-42,1 k €↑
- 2021Annual accounts 2021-58,1 k €↓
- 2019Annual accounts 2019-50,1 k €↓
- 2018Annual accounts 2018610 €↑
- 2017Annual accounts 2017-53,2 k €↓
- 2016Annual accounts 20165,7 k €↑
- 2015Annual accounts 20155,1 k €↑
- 2014Annual accounts 20141,1 k €↑
- 2013Annual accounts 2013-39 k €↓
- 2012Annual accounts 2012919 €↑
- 2011Annual accounts 2011-23,6 k €↑
- 2010Annual accounts 2010-49,3 k €↓
- 2009Annual accounts 2009-28,9 k €↑
- 2008Annual accounts 2008-40 k €↓
- 2007Annual accounts 2007-27,5 k €↓
- 2006Annual accounts 2006-24,8 k €
- 01/02/1974IncorporationPublic limited company