NORMAL SITUATION

MICHIELS

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Financial year 2022 · closed on 31/12/2022

Net result

1,1 M €

+441.7% YoY

Gross margin

-78,2 k €

+22.2% YoY

Equity

910,2 k €

+715.4% YoY

Company — Normal situation.

What does MICHIELS do?

MICHIELS is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.336.639

Legal form

Public limited company

Contributed capital

210 709,50 €

Latest accounts

31/12/2022

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-78,2 k €	+22.2%	-100,5 k €	-172%	139 k €	-8.7%	152,3 k €	-36.2%	238,9 k €	-8.4%	260,8 k €	-27.3%	358,6 k €	+11.5%	321,7 k €	+20.9%	266 k €	-24.6%	352,6 k €	-7.0%	379,1 k €	+7.7%	352 k €	+10.1%	319,6 k €	-7.9%	347,2 k €	-4.7%	364,4 k €	-6.0%	387,8 k €	+1.8%	380,8 k €
EBITDA	-86,7 k €	+70.9%	-297,4 k €	-858%	-31 k €	-373%	-6,6 k €	-112%	54,5 k €	-33.4%	81,9 k €	-14.2%	95,4 k €	-19.4%	118,4 k €	+103%	58,3 k €	-53.6%	125,8 k €	+10.7%	113,6 k €	+25.0%	90,9 k €	+45.5%	62,5 k €	+39.4%	44,8 k €	+13.6%	39,5 k €	+0.5%	39,3 k €	-28.0%	54,5 k €
Operating result	-86,7 k €	+71.4%	-303,2 k €	-252%	-86 k €	-7.8%	-79,8 k €	-311%	-19,4 k €	-377%	7 k €	-73.7%	26,7 k €	+3.5%	25,8 k €	+160%	-42,9 k €	-381%	15,3 k €	-13.8%	17,7 k €	-9.1%	19,5 k €	-32.3%	28,8 k €	+55.6%	18,5 k €	-32.7%	27,5 k €	+23.8%	22,2 k €	-5.2%	23,4 k €
Net result	1,1 M €	+442%	-309,7 k €	-42.4%	-217,4 k €	-135%	-92,4 k €	-210%	-29,8 k €	-3841%	797,4 €	-92.7%	11 k €	+37.0%	8 k €	+246%	2,3 k €	+51.2%	1,5 k €	+217%	483,6 €	-96.1%	12,3 k €	-23.5%	16,1 k €	+117%	7,4 k €	-5.8%	7,9 k €	+12.0%	7 k €	-25.1%	9,4 k €
Balance sheet
Equity	910,2 k €	+715%	-147,9 k €	-191%	161,7 k €	-57.3%	379,2 k €	-19.6%	471,6 k €	-5.9%	501,4 k €	+0.2%	500,6 k €	+2.2%	489,6 k €	+1.7%	481,6 k €	+0.5%	479,3 k €	+0.3%	477,8 k €	+0.1%	477,3 k €	+0.1%	477 k €	+0.2%	475,9 k €	+0.1%	475,4 k €	+0.2%	474,6 k €	+0.9%	470,5 k €
Total assets	965,1 k €	+332%	223,4 k €	-68.2%	701,8 k €	-28.5%	982,2 k €	-18.6%	1,2 M €	-5.8%	1,3 M €	-9.7%	1,4 M €	+4.9%	1,4 M €	-6.0%	1,4 M €	-7.3%	1,6 M €	-2.8%	1,6 M €	+56.7%	1 M €	+8.7%	938,2 k €	+17.9%	795,7 k €	-12.9%	914 k €	-23.5%	1,2 M €	+19.5%	1 M €
Cash	893,8 k €	+3328%	26,1 k €	+15.3%	22,6 k €	-4.5%	23,7 k €	-6.4%	25,3 k €	+111%	12 k €	+441%	2,2 k €	+145%	903,6 €	-85.8%	6,3 k €	-84.2%	40,2 k €	-30.5%	57,8 k €	+36.3%	42,4 k €	+885%	4,3 k €	-62.1%	11,4 k €	-33.1%	17 k €	-47.4%	32,3 k €	-66.5%	96,6 k €
Debts	54,8 k €	-85.2%	371,3 k €	-29.5%	526,4 k €	-11.5%	594,9 k €	-17.3%	719,3 k €	-2.1%	734,7 k €	-18.0%	895,6 k €	+4.6%	856,4 k €	-9.1%	942,5 k €	-9.6%	1 M €	-6.9%	1,1 M €	+107%	540,7 k €	+17.6%	460 k €	+46.8%	313,3 k €	-26.6%	427,1 k €	-40.0%	711,4 k €	+35.4%	525,5 k €
Other
Workforce	–		–		3,6 ETP	-20.0%	4,5 ETP	0.0%	4,5 ETP	-16.7%	5,4 ETP	-30.8%	7,8 ETP	+36.8%	5,7 ETP	+3.6%	5,5 ETP	-3.5%	5,7 ETP	-9.5%	6,3 ETP	-1.6%	6,4 ETP	-5.9%	6,8 ETP	-12.8%	7,8 ETP	-21.2%	9,9 ETP	0.0%	9,9 ETP	-9.2%	10,9 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 2 active · 4 ended

Active mandates

PAUL MICHIELS

Director · since 30 juin 2008

Active

JOHANNES MICHIELS

Managing director

Active

Ended mandates

JOHANNES MICHIELS

Managing director · since 02 mars 2001

Ended

PAUL MICHIELS

Director · since 02 mars 2001

Ended

JOHANNES MICHIELS

Managing director · since 30 juin 1988

Ended

PAUL MICHIELS

Director · since 03 mars 1987

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2023	18/08/2022	24/08/2021	31/08/2020	29/08/2019	02/07/2018
General meeting	–	20/06/2022	20/06/2021	20/06/2020	20/06/2019	20/06/2018
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

36 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	—	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	18/08/2022	Dutch	PDF
Abridged model	31/12/2020	20/06/2021	24/08/2021	Dutch	PDF
Abridged model	31/12/2019	20/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	20/06/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	11/09/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	27/09/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	14/09/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	13/08/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	22/08/2007	Dutch	PDF
Abridged model	31/12/2005	20/06/2006	20/07/2006	Dutch	PDF
Abridged model	31/12/2004	20/06/2005	22/09/2005	Dutch	PDF
Abridged model	31/12/2003	20/06/2004	31/08/2004	Dutch	PDF
Abridged model	31/12/2002	20/06/2003	04/07/2003	Dutch	PDF
Abridged model	31/12/2001	20/06/2002	26/11/2002	Dutch	PDF
Abridged model	31/12/2000	20/06/2001	23/11/2001	Dutch	PDF
Abridged model	31/12/1999	20/06/2000	21/09/2000	Dutch	PDF

View all 36 filings

Estimate

Indicative valuation

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 31/12/2022 · 2 active · 4 ended

Active mandates

PAUL MICHIELS

Director · since 30 juin 2008

Active

JOHANNES MICHIELS

Managing director

Active

Ended mandates

JOHANNES MICHIELS

Managing director · since 02 mars 2001

Ended

PAUL MICHIELS

Director · since 02 mars 2001

Ended

JOHANNES MICHIELS

Managing director · since 30 juin 1988

Ended

PAUL MICHIELS

Director · since 03 mars 1987

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2022
Annual accounts 20221,1 M €↑
2021
Annual accounts 2021-309,7 k €↓
2020
Annual accounts 2020-217,4 k €↓
2019
Annual accounts 2019-92,4 k €↓
2018
Annual accounts 2018-29,8 k €↓
2017
Annual accounts 2017797,4 €↓
2016
Annual accounts 201611 k €↑
2015
Annual accounts 20158 k €↑
2014
Annual accounts 20142,3 k €↑
2013
Annual accounts 20131,5 k €↑
2012
Annual accounts 2012483,6 €↓
2011
Annual accounts 201112,3 k €↓
2010
Annual accounts 201016,1 k €↑
2009
Annual accounts 20097,4 k €↓
2008
Annual accounts 20087,9 k €↑
2007
Annual accounts 20077 k €↓
2006
Annual accounts 20069,4 k €

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

MICHIELS

Overview

What does MICHIELS do?

Trend over 17 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline