ACTIVE

MICHAUX

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Financial year 2025 · closed on 31/12/2025

Net result

4,2 k €

-82.4% YoY

Gross margin

143,5 k €

-22.8% YoY

Equity

254,3 k €

+1.7% YoY

What does MICHAUX do?

MICHAUX is a Private limited company incorporated in 1989. Its registered office is in Steenokkerzeel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.264.993

Incorporation

22/12/1989

Legal form

Private limited company

Registered office

Wambeekstraat 54
1820 Steenokkerzeel · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Joint committees (5)

124
1240
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive 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	143,5 k €	-22.8%	185,8 k €	-2.1%	189,8 k €	+3.6%	183,2 k €	+10.3%	166,1 k €	-7.6%	179,7 k €	+28.2%	140,2 k €	+14.3%	122,6 k €	-2.5%	125,8 k €	+10.2%	114,1 k €	-11.9%	129,6 k €	-40.6%	218,3 k €	-16.4%	261,2 k €	-4.7%	274,2 k €	-19.6%	340,9 k €	+5.0%	324,5 k €	-21.8%	414,7 k €	-2.9%	427,3 k €	+78.4%	239,5 k €	+15.0%	208,2 k €
EBITDA	25,8 k €	-51.6%	53,4 k €	+2.0%	52,4 k €	-15.5%	62 k €	+8.4%	57,2 k €	-28.1%	79,5 k €	+25.4%	63,4 k €	+4.4%	60,7 k €	-8.0%	66 k €	+44.9%	45,5 k €	-21.6%	58,1 k €	-50.7%	117,9 k €	-11.0%	132,5 k €	+104%	64,9 k €	-33.7%	97,8 k €	+12.2%	87,2 k €	-49.9%	174,1 k €	-42.9%	304,8 k €	+73.2%	176 k €	+8.9%	161,6 k €
Operating result	6,4 k €	-81.3%	34 k €	-5.2%	35,8 k €	-6.8%	38,4 k €	+14.2%	33,6 k €	-47.6%	64,3 k €	+37.5%	46,7 k €	+6.1%	44 k €	-22.5%	56,8 k €	+60.3%	35,4 k €	-8.5%	38,7 k €	-56.7%	89,3 k €	+7.3%	83,3 k €	+146%	33,9 k €	-56.4%	77,6 k €	+79.6%	43,2 k €	-66.8%	130,2 k €	-49.7%	259,1 k €	+77.6%	145,9 k €	+11.8%	130,5 k €
Net result	4,2 k €	-82.4%	24 k €	-7.4%	25,9 k €	-3.4%	26,8 k €	-25.5%	36 k €	-5.2%	37,9 k €	+15.3%	32,9 k €	-2.9%	33,8 k €	-19.8%	42,2 k €	-2.3%	43,2 k €	+10.6%	39,1 k €	-46.3%	72,8 k €	+11.3%	65,4 k €	+56.9%	41,7 k €	-36.5%	65,6 k €	+3090%	2,1 k €	-98.1%	109,6 k €	-51.7%	227 k €	+91.5%	118,6 k €	+80.3%	65,7 k €
Balance sheet
Equity	254,3 k €	+1.7%	250,1 k €	+10.6%	226,1 k €	+12.9%	200,2 k €	+15.4%	173,5 k €	+26.1%	137,5 k €	-40.4%	230,6 k €	+16.6%	197,7 k €	-37.8%	317,9 k €	+11.3%	285,7 k €	-55.8%	646,4 k €	-19.9%	807,4 k €	-18.0%	984,6 k €	+7.1%	919,2 k €	+4.7%	877,6 k €	+8.1%	811,9 k €	+0.3%	809,9 k €	+15.7%	700,3 k €	+48.0%	473,2 k €	+26.6%	373,7 k €
Total assets	314,9 k €	+3.0%	305,6 k €	+6.0%	288,2 k €	+11.9%	257,6 k €	-5.5%	272,7 k €	-30.1%	390,2 k €	-10.5%	435,8 k €	-6.9%	468,3 k €	+23.9%	377,9 k €	-52.4%	793,7 k €	-15.8%	942,8 k €	-14.6%	1,1 M €	+6.7%	1 M €	+2.0%	1 M €	+3.9%	976,1 k €	+5.7%	923,6 k €	-0.2%	925,3 k €	-1.3%	937,4 k €	+50.3%	623,8 k €	+7.8%	578,6 k €
Cash	187,9 k €	+9.4%	171,8 k €	+10.7%	155,2 k €	+409%	30,5 k €	-65.1%	87,5 k €	+67.5%	52,2 k €	-71.4%	182,4 k €	-15.7%	216,5 k €	+22.5%	176,8 k €	-67.7%	547,6 k €	+11.9%	489,5 k €	-17.7%	594,7 k €	+4.2%	570,5 k €	+18.3%	482,3 k €	-22.8%	624,8 k €	+22.7%	509,1 k €	-6.2%	542,7 k €	+31.9%	411,5 k €	+0.0%	411,4 k €	+105%	200,7 k €
Debts	60,6 k €	+22.3%	49,5 k €	-9.6%	54,8 k €	-1.8%	55,8 k €	-43.8%	99,3 k €	-60.7%	252,7 k €	+23.2%	205,2 k €	-19.7%	255,6 k €	+325%	60,1 k €	-87.5%	479,6 k €	+61.8%	296,4 k €	-0.1%	296,8 k €	+492%	50,1 k €	-47.4%	95,3 k €	-3.3%	98,5 k €	-11.7%	111,7 k €	-3.2%	115,4 k €	-50.8%	234,6 k €	+59.2%	147,3 k €	+13.4%	129,9 k €
Other
Workforce	–		–		–		2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 ETP	+38.5%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-28.6%	1,4 ETP	-22.2%	1,8 ETP	-18.2%	2,2 ETP	-29.0%	3,1 ETP	-22.5%	4,0 ETP	0.0%	4,0 ETP	-16.7%	4,8 ETP	+84.6%	2,6 ETP	+100%	1,3 ETP	+30.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

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

Active mandates

David SEYS

Director

Active

Vanessa MICHAUX

Director

Active

Ended mandates

Serge Michaux

Manager · since 14 octobre 2014 · until 31 décembre 2014

Ended

David Seys

Director · since 25 juin 2014

Ended

Renovatie 4D

Manager · since 25 juin 2014 · 0552.989.278

Represented by Vanessa Michaux

Ended

Renovatie 4D

Director · since 25 juin 2014 · 0552.989.278

Represented by Vanessa Michaux

Ended

At this address

Other companies at this address

Company	CBE no.
Renovatie 4D● Active	0552.989.278

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	30/08/2025	30/08/2024	31/05/2023	27/06/2022	17/06/2021
General meeting	31/07/2026	31/07/2025	30/05/2024	25/05/2023	26/05/2022	27/05/2021
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	31/07/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	31/07/2025	30/08/2025	Dutch	PDF
Micro model	31/12/2023	30/05/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	25/05/2023	31/05/2023	Dutch	PDF
Abridged model	31/12/2021	26/05/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	27/05/2021	17/06/2021	Dutch	PDF
Abridged model	31/12/2019	28/05/2020	19/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	04/06/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	22/06/2017	Dutch	PDF
Abridged model	31/12/2015	26/05/2016	09/06/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	23/05/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	02/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	04/07/2012	Dutch	PDF
Abridged model	31/12/2010	26/05/2011	07/06/2011	Dutch	PDF
Abridged model	31/12/2009	27/05/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	28/05/2009	20/08/2009	Dutch	PDF
Abridged model	31/12/2007	29/05/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	26/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 12 ended

Active mandates

David SEYS

Director

Active

Vanessa MICHAUX

Director

Active

Ended mandates

Serge Michaux

Manager · since 14 octobre 2014 · until 31 décembre 2014

Ended

David Seys

Director · since 25 juin 2014

Ended

Renovatie 4D

Manager · since 25 juin 2014 · 0552.989.278

Represented by Vanessa Michaux

Ended

Renovatie 4D

Director · since 25 juin 2014 · 0552.989.278

Represented by Vanessa Michaux

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/06/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/11/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2014
ONTSLAGEN - BENOEMINGEN
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 20254,2 k €↓
2024
Annual accounts 202424 k €↓
2023
Annual accounts 202325,9 k €↓
2023
Name changeMichaux
2022
Annual accounts 202226,8 k €↓
2021
Annual accounts 202136 k €↓
2021
Name changeMichaux Francis
2020
Annual accounts 202037,9 k €↑
2019
Annual accounts 201932,9 k €↓
2018
Annual accounts 201833,8 k €↓
2017
Annual accounts 201742,2 k €↓
2016
Annual accounts 201643,2 k €↑
2015
Annual accounts 201539,1 k €↓
2014
Annual accounts 201472,8 k €↑
2013
Annual accounts 201365,4 k €↑
2012
Annual accounts 201241,7 k €↓
2011
Annual accounts 201165,6 k €↑
2010
Annual accounts 20102,1 k €↓
2009
Annual accounts 2009109,6 k €↓
2008
Annual accounts 2008227 k €↑
2007
Annual accounts 2007118,6 k €↑
2006
Annual accounts 200665,7 k €
22/12/1989
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

MICHAUX

Overview

What does MICHAUX 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