ACTIVE

ROBERT MICHOEL

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Financial year 2025 · closed on 31/12/2025

Net result

121,2 k €

+62.0% YoY

Gross margin

850,7 k €

+19.1% YoY

Equity

238,0 k €

+0.5% YoY

Workforce

11,9 ETP

+17.8% YoY

What does ROBERT MICHOEL do?

ROBERT MICHOEL is a Private limited company incorporated in 1980. Its registered office is in Jalhay. It employs on average 11,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.260.310

Incorporation

29/12/1980

Legal form

Private limited company

Registered office

Wayai(SART) 19A
4845 Jalhay · Wallonie

Contributed capital

45 000,00 €

Latest accounts

31/12/2025

Average workforce

11,9 ETP

Joint committees (3)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	850,7 k €	+19.1%	714,2 k €	-12.1%	812,6 k €	+19.8%	678,2 k €	+23.6%	548,5 k €	-26.8%	749,5 k €	+41.0%	531,4 k €	+37.0%	387,9 k €	+35.3%	286,8 k €	+5.3%	272,3 k €	-4.2%	284,2 k €	+24.1%	229,0 k €	-31.7%	335,5 k €	+18.5%	283,2 k €	-5.9%	300,9 k €	-6.9%	323,2 k €	+7.5%	300,6 k €	+41.6%	212,3 k €	+6.3%	199,8 k €	+39.2%	143,5 k €
EBITDA	299,8 k €	+34.6%	222,8 k €	-34.5%	340,3 k €	+42.5%	238,8 k €	+14.8%	208,0 k €	-49.7%	413,8 k €	+75.0%	236,5 k €	+56.3%	151,3 k €	+114%	70,7 k €	-11.3%	79,7 k €	-40.7%	134,5 k €	+176%	48,8 k €	-58.5%	117,6 k €	+16.8%	100,7 k €	+22.4%	82,3 k €	-5.4%	87,0 k €	-1.4%	88,2 k €	+54.6%	57,1 k €	+6.8%	53,4 k €	+54.2%	34,6 k €
Operating result	184,4 k €	+59.8%	115,4 k €	-54.2%	251,9 k €	+66.0%	151,7 k €	+24.0%	122,3 k €	-63.3%	333,2 k €	+114%	156,0 k €	+47.3%	105,9 k €	+210%	34,1 k €	-13.9%	39,7 k €	-56.6%	91,4 k €	+1285%	-7,7 k €	-113%	57,8 k €	+13.8%	50,7 k €	+38.7%	36,6 k €	-32.8%	54,4 k €	+21.7%	44,7 k €	+158%	17,3 k €	-12.3%	19,8 k €	+196%	6,7 k €
Net result	121,2 k €	+62.0%	74,8 k €	-58.8%	181,7 k €	+62.7%	111,7 k €	+29.2%	86,4 k €	-64.2%	241,1 k €	+128%	105,6 k €	+50.3%	70,3 k €	+233%	21,1 k €	-11.6%	23,9 k €	-58.0%	56,8 k €	+528%	-13,3 k €	-139%	34,1 k €	-7.3%	36,8 k €	+60.3%	23,0 k €	-36.7%	36,2 k €	+12.7%	32,2 k €	+146%	13,1 k €	-18.0%	16,0 k €	+18.9%	13,4 k €
Balance sheet
Equity	238,0 k €	+0.5%	236,8 k €	+0.4%	235,9 k €	-0.1%	236,2 k €	-5.1%	248,9 k €	-9.3%	274,4 k €	+11.9%	245,2 k €	-0.5%	246,5 k €	+24.1%	198,6 k €	-5.2%	209,5 k €	-3.7%	217,6 k €	+12.9%	192,8 k €	-19.0%	238,1 k €	+0.9%	236,0 k €	-3.4%	244,2 k €	-2.8%	251,3 k €	+2.5%	245,0 k €	+0.9%	242,9 k €	+5.7%	229,8 k €	+7.5%	213,8 k €
Total assets	780,7 k €	-12.9%	895,9 k €	-5.2%	944,7 k €	+17.5%	804,1 k €	+4.3%	771,1 k €	-14.5%	901,4 k €	+4.4%	863,2 k €	+51.9%	568,1 k €	+11.1%	511,5 k €	-2.7%	525,5 k €	+40.1%	375,0 k €	+8.0%	347,3 k €	-29.9%	495,1 k €	+22.7%	403,5 k €	-9.0%	443,4 k €	-6.2%	472,7 k €	-11.7%	535,3 k €	+44.1%	371,6 k €	-12.5%	424,5 k €	+17.2%	362,2 k €
Cash	156,3 k €	-32.7%	232,4 k €	-7.9%	252,3 k €	+50.2%	167,9 k €	+57.7%	106,5 k €	-60.6%	270,0 k €	+47.5%	183,1 k €	+41.3%	129,5 k €	+19.1%	108,8 k €	+238%	32,2 k €	-81.0%	169,5 k €	+227%	51,8 k €	+82.7%	28,4 k €	-56.1%	64,6 k €	-41.0%	109,5 k €	-29.6%	155,6 k €	+206%	50,8 k €	+2.6%	49,6 k €	-44.3%	89,0 k €	+430%	16,8 k €
Debts	525,8 k €	-19.4%	652,0 k €	-7.6%	705,5 k €	+24.2%	568,0 k €	+8.8%	522,2 k €	-16.7%	626,9 k €	+1.5%	617,9 k €	+92.4%	321,1 k €	+2.8%	312,4 k €	-1.0%	315,5 k €	+101%	156,9 k €	+4.7%	149,9 k €	-41.7%	257,0 k €	+53.4%	167,5 k €	-15.9%	199,2 k €	-10.0%	221,4 k €	-23.6%	289,9 k €	+125%	128,7 k €	-33.9%	194,7 k €	+31.2%	148,4 k €
Other
Workforce	11,9 ETP	+17.8%	10,1 ETP	-8.2%	11,0 ETP	-2.7%	11,3 ETP	0.0%	11,3 ETP	+9.7%	10,3 ETP	+27.2%	8,1 ETP	-8.0%	8,8 ETP	+25.7%	7,0 ETP	+22.8%	5,7 ETP	-17.4%	6,9 ETP	-26.6%	9,4 ETP	+1.1%	9,3 ETP	+14.8%	8,1 ETP	-14.7%	9,5 ETP	-5.9%	10,1 ETP	+5.2%	9,6 ETP	+31.5%	7,3 ETP	+10.6%	6,6 ETP	+24.5%	5,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

JMINI INVEST

Director · 0553.924.834

Represented by JULIEN MICHOEL

Active

Ended mandates

Robert Michoel

Director · since 01 janvier 2022 · until 31 décembre 2022

Ended

JMINI INVEST

Director · since 26 juin 2014 · 0553.924.834

Represented by JULIEN MICHOEL

Ended

JMINI INVEST

Director · since 26 juin 2014 · 0553.924.834

Represented by JULIEN MICHOEL

Ended

JMINI INVEST

Manager · since 26 juin 2014 · 0553.924.834

Represented by JULIEN MICHOEL

Ended

Annual accounts

Full financial information

	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	13/07/2026	03/07/2025	01/07/2024	24/05/2023	23/05/2022	07/07/2021
General meeting	26/06/2026	19/06/2025	10/06/2024	09/05/2023	10/05/2022	16/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	13/07/2026	French	PDF
Abridged model	31/12/2024	19/06/2025	03/07/2025	French	PDF
Abridged model	31/12/2023	10/06/2024	01/07/2024	French	PDF
Abridged model	31/12/2022	09/05/2023	24/05/2023	French	PDF
Abridged model	31/12/2021	10/05/2022	23/05/2022	French	PDF
Abridged model	31/12/2020	16/06/2021	07/07/2021	French	PDF
Abridged model	31/12/2019	07/05/2020	29/06/2020	French	PDF
Abridged model	31/12/2018	16/05/2019	18/06/2019	French	PDF
Abridged model	31/12/2017	27/06/2018	20/07/2018	French	PDF
Abridged model	31/12/2016	20/06/2017	30/06/2017	French	PDF
Abridged model	31/12/2015	17/05/2016	31/05/2016	French	PDF
Abridged model	31/12/2014	06/05/2015	28/05/2015	French	PDF
Abridged model	31/12/2013	26/06/2014	24/07/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	30/05/2013	French	PDF
Abridged model	31/12/2011	03/05/2012	21/05/2012	French	PDF
Abridged model	31/12/2010	16/06/2011	01/07/2011	French	PDF
Abridged model	31/12/2009	20/05/2010	01/06/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	26/06/2009	French	PDF
Abridged model	31/12/2007	19/06/2008	07/07/2008	French	PDF
Abridged model	31/12/2006	21/04/2007	09/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

JMINI INVEST

Director · 0553.924.834

Represented by JULIEN MICHOEL

Active

Ended mandates

Robert Michoel

Director · since 01 janvier 2022 · until 31 décembre 2022

Ended

JMINI INVEST

Director · since 26 juin 2014 · 0553.924.834

Represented by JULIEN MICHOEL

Ended

JMINI INVEST

Director · since 26 juin 2014 · 0553.924.834

Represented by JULIEN MICHOEL

Ended

JMINI INVEST

Manager · since 26 juin 2014 · 0553.924.834

Represented by JULIEN MICHOEL

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates03/02/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates27/11/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates25/05/2009
DEMISSIONS, NOMINATIONS
PDF
Capital / shares28/04/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025121,2 k €↑
2024
Annual accounts 202474,8 k €↓
2023
Annual accounts 2023181,7 k €↑
2022
Annual accounts 2022111,7 k €↑
2021
Annual accounts 202186,4 k €↓
2020
Annual accounts 2020241,1 k €↑
2020
Name changeROBERT MICHOEL
2019
Annual accounts 2019105,6 k €↑
2018
Annual accounts 201870,3 k €↑
2017
Annual accounts 201721,1 k €↓
2016
Annual accounts 201623,9 k €↓
2015
Annual accounts 201556,8 k €↑
2014
Annual accounts 2014-13,3 k €↓
2013
Annual accounts 201334,1 k €↓
2012
Annual accounts 201236,8 k €↑
2011
Annual accounts 201123,0 k €↓
2010
Annual accounts 201036,2 k €↑
2009
Annual accounts 200932,2 k €↑
2008
Annual accounts 200813,1 k €↓
2007
Annual accounts 200716,0 k €↑
2006
Annual accounts 200613,4 k €
2006
Name changeS.P.R.L. ROBERT MICHOEL
29/12/1980
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ROBERT MICHOEL

Overview

What does ROBERT MICHOEL do?

Trend over 20 financial years

Indicative valuation

Board of directors

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