ACTIVE

MICHIELS AANNEMINGEN

Financial year 2025 · Closed on 31/12/2025

Net result429,6 k €+211,6 %over 1 year

Gross margin433,6 k €+153,0 %over 1 year

Equity3,2 M €+15,3 %over 1 year

Identity

Source · BCE/KBO

MICHIELS AANNEMINGEN is a Public limited company incorporated in 1982. Its main activity is: Site preparation. Its registered office is in Gent.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0422.513.984
Incorporation: 31/03/1982
Legal form: Public limited company
Registered office: Industrieweg 76
9032 Gent · FlandreSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

43120Site preparation· main 43120Site preparation 45112Sale of cars and light motor vehicles 43110Demolition 43110Demolition 45111Sale of cars and light motor vehicles+6

Joint committees (5)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	433,6 k €	+153%	171,4 k €	-61.7%	447,5 k €		–		–
EBITDA	335,9 k €	+245%	97,4 k €	-73.5%	367,7 k €	-6.3%	392,3 k €	+677%	-68 k €
Operating result	324,7 k €	+1427%	21,3 k €	-88.4%	183,2 k €	+1849%	-10,5 k €	+98.3%	-626,9 k €
Net result	429,6 k €	+212%	137,9 k €	-53.9%	299,1 k €	+238%	88,4 k €	+115%	-594,9 k €
Balance sheet
Equity	3,2 M €	+15.3%	2,8 M €	+5.2%	2,7 M €	-7.0%	2,9 M €	-12.5%	3,3 M €
Total assets	3,5 M €	+13.1%	3,1 M €	-12.6%	3,5 M €	-9.3%	3,9 M €	-6.2%	4,1 M €
Cash	80,8 k €	+39.8%	57,8 k €	+14.0%	50,7 k €	-43.9%	90,4 k €	-38.6%	147,2 k €
Debts	197,1 k €	-13.3%	227,4 k €	-71.9%	807,8 k €	-16.5%	967,4 k €	+19.3%	810,7 k €
Other
Workforce	–		–		–		–		18,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
de Buck van Overstraeten Jean-Marie	Managing director28/02/2020 → 30/05/2026
Square Group0502.446.241Represented by Sylva Mannens	Managing director28/02/2020 → 30/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DE VREES0883.903.095Represented by Isabelle Michiels	Director23/11/2013 → 2019 accounts
MICHIELS H SERVICES0876.125.378Represented by Herman Michiels	Managing director23/11/2019 → 2019 accounts

Other companies at this address

Industrieweg 76 9032 Gent

Company	CBE no.
ACLAGRO PROJECTS● Active	0877.700.540
Antonius RE Development● Active	0818.293.681
Assist RE Development● Active	0699.701.778
BTW-E SQUARE GROUP● Active	0511.996.187
Capribel Invest● Active	1002.760.561
DBF RE Development● Active	0818.294.968
DC3● Active	0467.155.463
Hermes Invest● Active	0783.517.104
JACQUES DE VRIENDT-ROSA MORES● Active	0475.880.911
Keizerpoort RE Development● Active	0818.294.275
KZP Immo● Active	0434.616.913
MT200● Active	0844.862.575
NDK 28● Active	0555.710.723
OTRECO INVESTMENT GROUP● Active	0810.563.276
OTREVEST● Active	0546.745.646
Square Group● Active	0502.446.241
Square Private Equity● Active	1005.028.876
Square Real Estate● Active	0432.483.210
TM Aclagro-BSV RO 190711● Active	0753.940.220
Tondelier Development● Active	0843.882.479

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full model	Full model	Full 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	23/06/2026	23/06/2025	29/05/2024	31/05/2023	31/05/2022	09/07/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/05/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	25/05/2024	29/05/2024	Dutch	PDF
Full model	31/12/2022	27/05/2023	31/05/2023	Dutch	PDF
Full model	31/12/2021	28/05/2022	31/05/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	09/07/2021	Dutch	PDF
Full model	31/12/2019	27/02/2020	15/03/2020	Dutch	PDF
Full model	31/12/2018	25/05/2019	20/06/2019	Dutch	PDF
Full model	31/12/2017	28/06/2018	13/07/2018	Dutch	PDF
Full model	31/12/2016	27/05/2017	26/06/2017	Dutch	PDF
Full model	31/12/2015	28/05/2016	08/06/2016	Dutch	PDF
Full model	31/12/2014	30/05/2015	27/07/2015	Dutch	PDF
Full model	31/12/2013	31/05/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	25/05/2013	16/07/2013	Dutch	PDF
Full model	31/12/2011	24/08/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	28/05/2011	28/06/2011	Dutch	PDF
Full model	31/12/2009	28/06/2010	27/07/2010	Dutch	PDF
Full model	31/12/2008	30/05/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	31/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
de Buck van Overstraeten Jean-Marie	Managing director28/02/2020 → 30/05/2026
Square Group0502.446.241Represented by Sylva Mannens	Managing director28/02/2020 → 30/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DE VREES0883.903.095Represented by Isabelle Michiels	Director23/11/2013 → 2019 accounts
MICHIELS H SERVICES0876.125.378Represented by Herman Michiels	Managing director23/11/2019 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/12/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/06/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/12/2019
ONTSLAGEN - BENOEMINGEN
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

Square Group

de Buck van Overstraeten Jean-Marie

MICHIELS H SERVICES

DE VREES

IMMIC

Philip Michiels

Jules Michiels

198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

MICHIELS AANNEMINGENMICHIELS H AANNEMINGSBEDRIJF

Industrieweg 76, 9032 Wondelgem

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industrieweg 76, 9032 WondelgemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00194510

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MICHIELS AANNEMINGENCurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00194510
MICHIELS H AANNEMINGSBEDRIJF	accounts 2006 → 2019	Accounts 2019 · 2020-06700332

Events

2025
Annual accounts 2025429,6 k €↑
2024
Annual accounts 2024137,9 k €↓
2023
Annual accounts 2023299,1 k €↑
2022
Annual accounts 202288,4 k €↑
2021
Annual accounts 2021-594,9 k €↓
2020
Annual accounts 2020-24,6 k €↑
2020
Name changeMICHIELS AANNEMINGEN
2019
Annual accounts 2019-290,2 k €↓
2018
Annual accounts 2018296,8 k €↑
2017
Annual accounts 2017257 k €↑
2016
Annual accounts 2016173,8 k €↓
2015
Annual accounts 2015746,7 k €↑
2014
Annual accounts 2014150,4 k €↓
2013
Annual accounts 2013226,1 k €↓
2012
Annual accounts 2012363,2 k €↓
2011
Annual accounts 2011571,8 k €↑
2010
Annual accounts 2010286,6 k €↑
2009
Annual accounts 2009204,1 k €↑
2008
Annual accounts 2008-16,5 k €↓
2007
Annual accounts 2007649,7 k €↓
2006
Annual accounts 2006731,4 k €
31/03/1982
IncorporationPublic limited company

MICHIELS AANNEMINGEN

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