ACTIVE

Michiels

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Financial year 2024 · closed on 31/12/2024
Net result
1,1 M €
+4286.9% YoY
Gross margin
1,2 M €
+345.8% YoY
Equity
260,1 k €
+9.5% YoY
Workforce
1,5 ETP
-46.4% YoY

What does Michiels do?

Michiels is a Private limited company incorporated in 1986. Its main activity is: Construction of buildings. Its registered office is in Mechelen. It employs on average 1,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0429.082.072
Incorporation
30/06/1986
Legal form
Private limited company
Registered office
Begijnenweide 3
2800 Mechelen · FlandreSee on map
Contributed capital
19 000,00 €
Latest accounts
31/12/2024
Average workforce
1,5 ETP
Activities (NACE)
41001Construction of buildings· main41101Development of building projects41201Construction of residential and non-residential buildings68121Buying and selling of own real estate
Joint committees (7)
  • 100
  • 130
  • 1300
  • 200
  • 2000
  • 200000
  • 201
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202420232022202120202019201820172015201420132012201120102009200820072006
Income statement
Gross margin1,2 M €272,7 k €329,3 k €229,3 k €176 k €141,5 k €115,7 k €92,1 k €–––––––8,5 k €7,9 k €49,1 k €
EBITDA1,1 M €104,6 k €97,3 k €132 k €85,4 k €105,9 k €77,1 k €54,5 k €-736 €––-3,5 k €–-129 €-708,5 €6,1 k €5,5 k €49,7 k €
Operating result1,1 M €100,1 k €96,5 k €80,3 k €33,9 k €42,8 k €25,6 k €3,1 k €-736 €––-3,5 k €–-129 €-708,5 €6,1 k €-11,9 k €32,7 k €
Net result1,1 M €25,6 k €20,1 k €42,5 k €20,3 k €16 k €10,5 k €9,7 k €-2,9 k €6,3 k €13,4 k €11 k €11,4 k €8,1 k €20,4 k €29,1 k €-23,8 k €17,3 k €
Balance sheet
Equity260,1 k €237,6 k €212,1 k €192 k €149,5 k €129,1 k €113,1 k €102,6 k €135,9 k €138,8 k €132,4 k €119 k €108 k €96,7 k €88,5 k €68,1 k €39 k €62,8 k €
Total assets4,7 M €2,8 M €3,1 M €2,4 M €599,5 k €726,1 k €1,2 M €1,1 M €599,1 k €561,7 k €558,1 k €555,9 k €553,8 k €583,2 k €575,8 k €530,2 k €559,1 k €660,8 k €
Cash32,1 k €54,5 k €15,7 k €23,1 k €99,9 k €37,4 k €25,2 k €3 k €–––––97 €387,7 €15,2 k €42,8 k €63,3 k €
Debts4,4 M €2,5 M €2,8 M €2,2 M €450 k €387,9 k €1,1 M €1 M €463,2 k €423 k €425,7 k €436,9 k €445,8 k €484,5 k €485,4 k €460,9 k €512,7 k €596 k €
Other
Workforce1,5 ETP2,8 ETP2,0 ETP1,5 ETP1,5 ETP0,7 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 31/12/2024 · 1 active · 4 ended

Active mandates

Roger Michiels

Director

Active

Ended mandates

A-STAR GROUP

Director · 0697.588.861

Represented by Ben Van Loo

Ended
ELS MICHIELS

Director

Ended
LEONIA HEYLEN

Director

Ended
ROGER MICHIELS

Managing director

Ended
At this address

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Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/12/202101/12/202001/12/201901/12/2018
Closing of the financial year31/12/202431/12/202331/12/202230/11/202130/11/202030/11/2019
Length of the financial year12 months12 months13 months12 months12 months12 months
Filing date04/11/202513/01/202517/10/202325/07/202229/07/202128/07/2020
General meeting24/06/202525/06/202427/06/202331/05/202223/07/202125/05/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202424/06/202504/11/2025DutchPDF
Abridged model31/12/202325/06/202413/01/2025DutchPDF
Abridged model31/12/202227/06/202317/10/2023DutchPDF
Abridged model30/11/202131/05/202225/07/2022DutchPDF
Abridged model30/11/202023/07/202129/07/2021DutchPDF
Abridged model30/11/201925/05/202028/07/2020DutchPDF
Micro model30/11/201827/05/201925/07/2019DutchPDF
Micro model30/11/201728/05/201802/07/2018DutchPDF
Abridged model31/12/201527/06/201630/08/2016DutchPDF
Abridged model31/12/201429/06/201528/08/2015DutchPDF
Abridged model31/12/201330/06/201430/09/2014DutchPDF
Abridged model31/12/201224/06/201329/08/2013DutchPDF
Abridged model31/12/201125/06/201231/08/2012DutchPDF
Abridged model31/12/201027/06/201131/08/2011DutchPDF
Abridged model31/12/200928/06/201030/08/2010DutchPDF
Abridged model31/12/200829/06/200918/11/2009DutchPDF
Abridged model31/12/200730/06/200824/09/2008DutchPDF
Abridged model31/12/200625/06/200719/09/2007DutchPDF
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 31/12/2024 · 1 active · 4 ended

Active mandates

Roger Michiels

Director

Active

Ended mandates

A-STAR GROUP

Director · 0697.588.861

Represented by Ben Van Loo

Ended
ELS MICHIELS

Director

Ended
LEONIA HEYLEN

Director

Ended
ROGER MICHIELS

Managing director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/05/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Registered office14/04/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office16/02/2017
    BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates02/12/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/09/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/09/2008
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares02/01/2006
    BOEKJAAR - ALGEMENE VERGADERING - 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

Timeline

  1. 2024
    Annual accounts 20241,1 M €↑
  2. 2023
    Annual accounts 202325,6 k €↑
  3. 2022
    Annual accounts 202220,1 k €↓
  4. 2021
    Annual accounts 202142,5 k €↑
  5. 2020
    Annual accounts 202020,3 k €↑
  6. 2019
    Annual accounts 201916 k €↑
  7. 2018
    Annual accounts 201810,5 k €↑
  8. 2017
    Annual accounts 20179,7 k €↑
  9. 2015
    Annual accounts 2015-2,9 k €↓
  10. 2014
    Annual accounts 20146,3 k €↓
  11. 2013
    Annual accounts 201313,4 k €↑
  12. 2012
    Annual accounts 201211 k €↓
  13. 2011
    Annual accounts 201111,4 k €↑
  14. 2010
    Annual accounts 20108,1 k €↓
  15. 2009
    Annual accounts 200920,4 k €↓
  16. 2008
    Annual accounts 200829,1 k €↑
  17. 2007
    Annual accounts 2007-23,8 k €↓
  18. 2006
    Annual accounts 200617,3 k €
  19. 30/06/1986
    IncorporationPrivate limited company