ACTIVE

MICHIELSEN GEBROEDERS

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Financial year 2025 · closed on 31/12/2025

Net result

223,9 k €

-65.6% YoY

Gross margin

850,5 k €

-33.6% YoY

Equity

28,3 M €

+0.8% YoY

Workforce

0,6 ETP

-14.3% YoY

What does MICHIELSEN GEBROEDERS do?

MICHIELSEN GEBROEDERS is a Private limited company incorporated in 1984. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Hoogstraten. It employs on average 0,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.381.523

Incorporation

07/02/1984

Legal form

Private limited company

Registered office

Industrieweg 30
2320 Hoogstraten · FlandreSee on map

Contributed capital

22 114 760,36 €

Latest accounts

31/12/2025

Average workforce

0,6 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive 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	850,5 k €	-33.6%	1,3 M €	-2.7%	1,3 M €	+50.0%	878,5 k €	-31.9%	1,3 M €	+85.1%	697 k €	+12.6%	619,3 k €	-10.8%	694,5 k €	-24.7%	922,7 k €	-63.5%	2,5 M €	+33.1%	1,9 M €	+31.9%	1,4 M €	-1.6%	1,5 M €	-18.2%	1,8 M €	-1.3%	1,8 M €	+2.8%	1,8 M €	+22.3%	1,4 M €	+44.9%	993,8 k €	+3.8%	957,2 k €	-12.6%	1,1 M €
EBITDA	734,1 k €	-36.5%	1,2 M €	-2.9%	1,2 M €	+55.2%	767,4 k €	-34.3%	1,2 M €	+103%	576,6 k €	+10.9%	520,1 k €	-14.9%	611,3 k €	+24.1%	492,4 k €	-69.8%	1,6 M €	+64.4%	991,6 k €	+70.0%	583,3 k €	-13.1%	671,3 k €	-35.5%	1 M €	+1.5%	1 M €	+1.7%	1 M €	+69.3%	595,1 k €	+117%	274,8 k €	+1.4%	270,9 k €	-35.8%	422,3 k €
Operating result	315,4 k €	-65.3%	909,6 k €	-4.0%	947,2 k €	+67.6%	565 k €	-38.0%	912 k €	+119%	416,4 k €	+400%	83,2 k €	-82.6%	478,9 k €	+30.8%	366,2 k €	-75.3%	1,5 M €	+99.0%	745,4 k €	+118%	342,3 k €	-10.1%	380,8 k €	-45.0%	692 k €	+8.1%	640,5 k €	+2.7%	623,4 k €	+479%	107,6 k €	+142%	44,6 k €	+19.4%	37,3 k €	-76.6%	159,6 k €
Net result	223,9 k €	-65.6%	651,2 k €	+1.2%	643,3 k €	+78.8%	359,7 k €	-45.3%	657,4 k €	+151%	261,9 k €	+434%	49 k €	-82.8%	285,5 k €	+11.1%	256,9 k €	-74.4%	1 M €	+90.3%	527,5 k €	+101%	262,2 k €	+2.2%	256,5 k €	-45.6%	471,9 k €	-0.1%	472,4 k €	+6.9%	442,1 k €	+209%	142,9 k €	+33.3%	107,2 k €	+114%	50,1 k €	-62.8%	134,5 k €
Balance sheet
Equity	28,3 M €	+0.8%	28,1 M €	+422%	5,4 M €	+13.6%	4,7 M €	+8.2%	4,4 M €	+17.7%	3,7 M €	+7.6%	3,5 M €	+1.4%	3,4 M €	-36.5%	5,4 M €	+5.0%	5,1 M €	+24.4%	4,1 M €	+14.7%	3,6 M €	+7.9%	3,3 M €	+0.2%	3,3 M €	+16.6%	2,8 M €	+19.9%	2,4 M €	+22.9%	1,9 M €	+8.0%	1,8 M €	+6.4%	1,7 M €	+3.1%	1,6 M €
Total assets	33,2 M €	+3.8%	32 M €	+249%	9,2 M €	+9.2%	8,4 M €	-19.3%	10,4 M €	+4.9%	9,9 M €	+1.0%	9,8 M €	+55.2%	6,3 M €	+6.2%	6 M €	-8.4%	6,5 M €	+22.0%	5,3 M €	+8.7%	4,9 M €	+2.6%	4,8 M €	-7.8%	5,2 M €	+14.4%	4,5 M €	+18.8%	3,8 M €	+10.4%	3,4 M €	+50.0%	2,3 M €	-8.0%	2,5 M €	-0.9%	2,5 M €
Cash	136 k €	-7.3%	146,8 k €	-85.2%	992,6 k €	+39.8%	710,2 k €	-32.1%	1 M €	+66.3%	628,7 k €	+91.6%	328,2 k €	+93.3%	169,7 k €	-37.6%	272 k €	-73.7%	1 M €	+310%	252,2 k €	-73.3%	943,2 k €	+5.6%	892,9 k €	-61.7%	2,3 M €	+238%	690 k €	-58.7%	1,7 M €	+88.9%	883,3 k €	+28.8%	685,9 k €	+14.4%	599,3 k €	-18.5%	734,9 k €
Debts	4,8 M €	+25.8%	3,8 M €	+2.0%	3,8 M €	+3.5%	3,6 M €	-39.3%	6 M €	-2.9%	6,2 M €	-2.6%	6,3 M €	+118%	2,9 M €	+404%	577,8 k €	-58.1%	1,4 M €	+14.0%	1,2 M €	-7.8%	1,3 M €	-9.5%	1,4 M €	-22.0%	1,9 M €	+10.7%	1,7 M €	+17.1%	1,4 M €	-5.4%	1,5 M €	+198%	508,9 k €	-37.7%	816,7 k €	-8.2%	889,5 k €
Other
Workforce	0,6 ETP	-14.3%	0,7 ETP	-12.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	+60.0%	0,5 ETP	0.0%	0,5 ETP	-93.7%	7,9 ETP	-52.4%	16,6 ETP	-6.7%	17,8 ETP	+10.6%	16,1 ETP	+11.0%	14,5 ETP	-0.7%	14,6 ETP	-1.4%	14,8 ETP	-7.5%	16,0 ETP	-10.6%	17,9 ETP	0.0%	17,9 ETP	+3.5%	17,3 ETP	+9.5%	15,8 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 · 1 ended

Active mandates

Johan Michielsen

Director

Active

Ended mandates

Johan Michielsen

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Aroma● Active	0726.372.127
BUILDING DRYER● Active	0822.178.829
IMMO ROMA● Active	0456.173.281
Johan Michielsen Adviesbureau● Active	0627.614.447
JOHAN MICHIELSEN BEDRIJFSGEBOUWEN● Active	0473.786.503
Magazijn-Allround● Active	1029.841.971
TSK Industriebouw● Active	0810.133.706

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	31/08/2026	31/08/2025	26/06/2024	24/08/2023	30/06/2022	30/09/2021
General meeting	07/08/2026	01/08/2025	26/04/2024	28/04/2023	22/04/2022	23/04/2021
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	07/08/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	01/08/2025	31/08/2025	Dutch	PDF
Abridged model	31/12/2023	26/04/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	28/04/2023	24/08/2023	Dutch	PDF
Abridged model	31/12/2021	22/04/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	23/04/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	30/08/2019	30/09/2019	Dutch	PDF
Abridged model	31/12/2017	31/07/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	31/07/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	22/04/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	04/08/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	26/04/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	27/04/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	22/04/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	23/04/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	24/04/2009	03/08/2009	Dutch	PDF
Abridged model	31/12/2007	25/04/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	27/04/2007	31/07/2007	Dutch	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 · 1 ended

Active mandates

Johan Michielsen

Director

Active

Ended mandates

Johan Michielsen

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other08/01/2025
DIVERSEN
PDF
Mandates23/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/11/2018
KAPITAAL - AANDELEN
PDF
Capital / shares20/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025223,9 k €↓
2024
Annual accounts 2024651,2 k €↑
2023
Annual accounts 2023643,3 k €↑
2022
Annual accounts 2022359,7 k €↓
2021
Annual accounts 2021657,4 k €↑
2020
Annual accounts 2020261,9 k €↑
2019
Annual accounts 201949 k €↓
2018
Annual accounts 2018285,5 k €↑
2017
Annual accounts 2017256,9 k €↓
2016
Annual accounts 20161 M €↑
2015
Annual accounts 2015527,5 k €↑
2014
Annual accounts 2014262,2 k €↑
2013
Annual accounts 2013256,5 k €↓
2012
Annual accounts 2012471,9 k €↓
2011
Annual accounts 2011472,4 k €↑
2010
Annual accounts 2010442,1 k €↑
2009
Annual accounts 2009142,9 k €↑
2008
Annual accounts 2008107,2 k €↑
2007
Annual accounts 200750,1 k €↓
2006
Annual accounts 2006134,5 k €
07/02/1984
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

MICHIELSEN GEBROEDERS

Overview

What does MICHIELSEN GEBROEDERS do?

Trend over 20 financial years

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