ACTIVE

MICROWARE

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Financial year 2025 · closed on 31/12/2025

Net result

180,7 k €

+14.9% YoY

Gross margin

612,5 k €

+5.5% YoY

Equity

3,1 M €

-3.1% YoY

What does MICROWARE do?

MICROWARE is a Public limited company incorporated in 1982. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Dendermonde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.528.733

Incorporation

26/03/1982

Legal form

Public limited company

Registered office

Stationsstraat (DEN) 26
9200 Dendermonde · FlandreSee on map

Contributed capital

800 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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	612,5 k €	+5.5%	580,5 k €	-13.6%	672,1 k €	-40.7%	1,1 M €	+28.5%	881,2 k €	+40.6%	626,8 k €	+128%	274,6 k €	-5.4%	290,3 k €	+8.7%	267,1 k €	+26.2%	211,6 k €	-16.3%	252,8 k €	-9.1%	278 k €	+35.4%	205,4 k €	-3.1%	211,8 k €	-6.0%	225,3 k €	+43.4%	157,2 k €	-4.4%	164,4 k €	-7.3%	177,4 k €	+4.7%	169,5 k €	+4.2%	162,7 k €
EBITDA	555,7 k €	+4.9%	529,9 k €	-15.0%	623,1 k €	-41.6%	1,1 M €	+27.2%	837,9 k €	+42.5%	587,9 k €	+135%	249,7 k €	-6.0%	265,7 k €	+6.9%	248,6 k €	+28.4%	193,6 k €	-7.7%	209,8 k €	-19.2%	259,5 k €	+39.6%	185,9 k €	-4.0%	193,6 k €	-6.9%	207,9 k €	+53.1%	135,8 k €	-8.3%	148,1 k €	-15.3%	174,7 k €	+12.7%	155,1 k €	+4.3%	148,7 k €
Operating result	342,4 k €	+8.1%	316,6 k €	-23.3%	412,9 k €	-51.7%	855,5 k €	+57.8%	542,3 k €	+35.2%	401,1 k €	+153%	158,2 k €	-8.0%	172 k €	-1.2%	174,1 k €	+22.4%	142,2 k €	-10.2%	158,4 k €	-22.8%	205,2 k €	+60.0%	128,2 k €	-3.0%	132,2 k €	-8.6%	144,6 k €	+100%	72,3 k €	-14.6%	84,7 k €	-28.1%	117,7 k €	+30.7%	90,1 k €	+5.3%	85,6 k €
Net result	180,7 k €	+14.9%	157,3 k €	-40.9%	266,4 k €	-53.6%	573,8 k €	-10.4%	640,4 k €	+223%	198,5 k €	+93.2%	102,8 k €	+38.0%	74,5 k €	+711%	9,2 k €	+176%	-12,1 k €	-471%	3,3 k €	-89.8%	32 k €	+62.2%	19,7 k €	-48.1%	38 k €	-29.7%	54 k €	+343%	-22,2 k €	-1269%	1,9 k €	+126%	-7,3 k €	-134%	21,5 k €	-41.5%	36,7 k €
Balance sheet
Equity	3,1 M €	-3.1%	3,2 M €	+5.2%	3 M €	+9.7%	2,8 M €	+26.3%	2,2 M €	+41.6%	1,5 M €	+14.8%	1,3 M €	+8.3%	1,2 M €	+6.4%	1,2 M €	+0.8%	1,2 M €	-1.0%	1,2 M €	+0.3%	1,2 M €	+2.8%	1,1 M €	+1.8%	1,1 M €	+3.5%	1,1 M €	+250%	307 k €	-6.7%	329,2 k €	+0.6%	327,3 k €	-2.2%	334,6 k €	+6.9%	313,1 k €
Total assets	9,9 M €	-2.6%	10,2 M €	-1.1%	10,3 M €	-5.9%	10,9 M €	+13.8%	9,6 M €	+10.1%	8,7 M €	+5.2%	8,3 M €	-4.9%	8,7 M €	+3.5%	8,4 M €	-7.1%	9,1 M €	-0.9%	9,2 M €	+15.0%	8 M €	+3.3%	7,7 M €	+61.9%	4,8 M €	+17.0%	4,1 M €	+17.5%	3,5 M €	-7.0%	3,7 M €	-0.1%	3,7 M €	-1.6%	3,8 M €	+53.0%	2,5 M €
Cash	308,9 k €	-22.7%	399,8 k €	-0.5%	401,9 k €	-67.4%	1,2 M €	+277%	326,9 k €	-19.0%	403,6 k €	+335%	92,9 k €	-5.5%	98,3 k €	+6.2%	92,6 k €	-81.3%	496,1 k €	+40.8%	352,4 k €	+293%	89,6 k €	-9.0%	98,5 k €	+12.3%	87,7 k €	-11.8%	99,5 k €	+14.7%	86,7 k €	-7.9%	94,1 k €	+12.7%	83,6 k €	+0.3%	83,3 k €	+476%	14,5 k €
Debts	6,8 M €	-2.4%	7 M €	-3.7%	7,3 M €	-11.1%	8,2 M €	+9.9%	7,4 M €	+3.7%	7,2 M €	+3.9%	6,9 M €	-7.1%	7,4 M €	+2.6%	7,2 M €	-8.3%	7,9 M €	-0.9%	8 M €	+17.1%	6,8 M €	+3.4%	6,6 M €	+80.3%	3,6 M €	+21.9%	3 M €	-5.2%	3,2 M €	-7.1%	3,4 M €	+0.1%	3,4 M €	-1.2%	3,4 M €	+60.4%	2,1 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,0 ETP		0,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Hilde De Haeck

Mandate

Active

Patrick Gilen

Mandate

Active

Ended mandates

Hilde De Haeck

Administrator - manager · since 22 juin 2011

Ended

Patrick Gilen

Administrator - manager · since 22 juin 2011

Ended

Patrick Gilen

Administrator - manager · since 31 mars 2009 · until 31 mars 2015

Ended

Patrick Gilen

Administrator - manager · since 31 mars 2003 · until 31 mars 2009

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	20/07/2026	27/09/2025	20/09/2024	22/09/2023	06/10/2022	15/10/2021
General meeting	26/06/2026	20/09/2025	13/09/2024	05/09/2023	30/09/2022	24/09/2021
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
Micro model	31/12/2025	26/06/2026	20/07/2026	Dutch	PDF
Micro model	31/12/2024	20/09/2025	27/09/2025	Dutch	PDF
Micro model	31/12/2023	13/09/2024	20/09/2024	Dutch	PDF
Micro model	31/12/2022	05/09/2023	22/09/2023	Dutch	PDF
Micro model	31/12/2021	30/09/2022	06/10/2022	Dutch	PDF
Micro model	31/12/2020	24/09/2021	15/10/2021	Dutch	PDF
Micro model	31/12/2019	08/09/2020	09/10/2020	Dutch	PDF
Micro model	31/12/2018	20/09/2019	24/09/2019	Dutch	PDF
Micro model	31/12/2017	03/09/2018	18/09/2018	Dutch	PDF
Micro model	31/12/2016	24/08/2017	07/09/2017	Dutch	PDF
Abridged model	31/12/2015	19/08/2016	01/09/2016	Dutch	PDF
Abridged model	31/12/2014	20/08/2015	03/09/2015	Dutch	PDF
Abridged model	31/12/2013	23/04/2014	24/04/2014	Dutch	PDF
Abridged model	31/12/2012	20/09/2013	03/10/2013	Dutch	PDF
Abridged model	31/12/2011	20/09/2012	27/09/2012	Dutch	PDF
Abridged model	31/12/2010	26/05/2011	01/06/2011	Dutch	PDF
Abridged model	31/12/2009	27/05/2010	18/06/2010	Dutch	PDF
Abridged model	31/12/2008	14/10/2009	19/10/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 active · 4 ended

Active mandates

Hilde De Haeck

Mandate

Active

Patrick Gilen

Mandate

Active

Ended mandates

Hilde De Haeck

Administrator - manager · since 22 juin 2011

Ended

Patrick Gilen

Administrator - manager · since 22 juin 2011

Ended

Patrick Gilen

Administrator - manager · since 31 mars 2009 · until 31 mars 2015

Ended

Patrick Gilen

Administrator - manager · since 31 mars 2003 · until 31 mars 2009

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other14/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other20/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/07/2011
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/05/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/04/2003
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
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 2025180,7 k €↑
2024
Annual accounts 2024157,3 k €↓
2023
Annual accounts 2023266,4 k €↓
2022
Annual accounts 2022573,8 k €↓
2021
Annual accounts 2021640,4 k €↑
2020
Annual accounts 2020198,5 k €↑
2019
Annual accounts 2019102,8 k €↑
2018
Annual accounts 201874,5 k €↑
2017
Annual accounts 20179,2 k €↑
2016
Annual accounts 2016-12,1 k €↓
2015
Annual accounts 20153,3 k €↓
2014
Annual accounts 201432 k €↑
2013
Annual accounts 201319,7 k €↓
2012
Annual accounts 201238 k €↓
2011
Annual accounts 201154 k €↑
2010
Annual accounts 2010-22,2 k €↓
2009
Annual accounts 20091,9 k €↑
2008
Annual accounts 2008-7,3 k €↓
2007
Annual accounts 200721,5 k €↓
2006
Annual accounts 200636,7 k €
26/03/1982
IncorporationPublic 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

MICROWARE

Overview

What does MICROWARE 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