ACTIVE

B. MICHAUX

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Financial year 2025 · closed on 31/12/2025

Net result

23 k €

-57.0% YoY

Gross margin

194,8 k €

-13.6% YoY

Equity

385,4 k €

-9.6% YoY

What does B. MICHAUX do?

B. MICHAUX is a Public limited company incorporated in 1992. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Bastogne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.720.524

Incorporation

25/06/1992

Legal form

Public limited company

Registered office

Rue du Sablon 93
6600 Bastogne · WallonieSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Activities (NACE)

47716Retail sale of clothing in specialised stores· main 47716Retail sale of clothing in specialised stores 52421Warehousing and support activities for transportation

Joint committees (2)

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 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	194,8 k €	-13.6%	225,5 k €	+21.0%	186,4 k €	-14.8%	218,8 k €	+38.6%	157,8 k €	+1.7%	155,2 k €	-28.7%	217,6 k €	+16.9%	186,1 k €	+9.7%	169,7 k €	-33.5%	255,2 k €	-6.5%	272,9 k €	+12.1%	243,5 k €	+32.9%	183,1 k €	-39.8%	304 k €	+12.3%	270,8 k €	+0.1%	270,6 k €	-8.4%	295,5 k €	+21.3%	243,7 k €
EBITDA	78,1 k €	-31.6%	114,3 k €	+7.7%	106,1 k €	-20.2%	133 k €	+53.3%	86,8 k €	+111%	41,2 k €	-59.3%	101,2 k €	+66.2%	60,9 k €	+20.7%	50,4 k €	-0.9%	50,9 k €	-24.9%	67,7 k €	-28.5%	94,7 k €	+89.0%	50,1 k €	-36.4%	78,8 k €	+21.2%	65,1 k €	+28.9%	50,5 k €	-28.9%	71 k €	+125%	31,5 k €
Operating result	41 k €	-50.4%	82,6 k €	-11.7%	93,5 k €	-24.9%	124,6 k €	+95.1%	63,9 k €	+276%	17 k €	-70.3%	57,2 k €	+77.8%	32,2 k €	+295%	8,1 k €	-5.3%	8,6 k €	-63.2%	23,3 k €	-55.3%	52,2 k €	+7341%	702 €	-97.7%	31,1 k €	+32.2%	23,5 k €	+182%	8,3 k €	-69.1%	27 k €	+280%	-15 k €
Net result	23 k €	-57.0%	53,5 k €	-13.9%	62,1 k €	-27.8%	86,1 k €	+113%	40,4 k €	+461%	7,2 k €	-77.8%	32,3 k €	+75.5%	18,4 k €	+8090%	225 €	-83.3%	1,3 k €	-90.1%	13,6 k €	-62.1%	36 k €	+343%	-14,8 k €	-176%	19,5 k €	+51.4%	12,9 k €	+431%	-3,9 k €	-123%	16,7 k €	+161%	-27,2 k €
Balance sheet
Equity	385,4 k €	-9.6%	426,1 k €	+5.1%	405,3 k €	+15.7%	350,4 k €	+18.1%	296,6 k €	+24.1%	239 k €	+3.1%	231,8 k €	-31.3%	337,5 k €	+5.8%	319,1 k €	+0.1%	318,8 k €	+0.4%	317,5 k €	-0.5%	319,2 k €	+12.7%	283,2 k €	-5.0%	298,1 k €	+5.2%	283,4 k €	+0.0%	283,3 k €	-1.4%	287,2 k €	+6.2%	270,4 k €
Total assets	495,2 k €	-14.2%	577,3 k €	+5.2%	549 k €	+20.0%	457,3 k €	+30.0%	351,8 k €	+1.8%	345,6 k €	-5.0%	363,7 k €	-9.3%	401 k €	+6.3%	377,2 k €	-6.0%	401,3 k €	-8.6%	438,9 k €	-8.5%	479,8 k €	+2.3%	469,1 k €	-7.2%	505,5 k €	+15.5%	437,7 k €	-9.4%	483 k €	-6.9%	518,8 k €	-7.2%	559 k €
Cash	186,3 k €	-21.1%	236 k €	-16.1%	281,3 k €	+5.2%	267,3 k €	+86.0%	143,7 k €	+103%	70,8 k €	-16.7%	85 k €	-7.4%	91,8 k €	+48.9%	61,7 k €	-25.2%	82,4 k €	-7.0%	88,6 k €	-18.2%	108,3 k €	+105%	52,9 k €	-24.5%	70,1 k €	-29.9%	99,9 k €	+4.5%	95,6 k €	+4.8%	91,3 k €	-35.8%	142 k €
Debts	109,9 k €	-27.3%	151,2 k €	+5.2%	143,7 k €	+34.4%	106,9 k €	+93.9%	55,2 k €	-48.3%	106,6 k €	-19.2%	131,9 k €	+108%	63,5 k €	+9.3%	58,1 k €	-29.5%	82,5 k €	-32.1%	121,4 k €	-24.4%	160,6 k €	-13.6%	185,8 k €	-10.4%	207,4 k €	+34.4%	154,3 k €	-22.7%	199,7 k €	-13.8%	231,7 k €	-19.5%	287,8 k €
Other
Workforce	–		–		–		–		–		2,8 ETP	0.0%	2,8 ETP		–		3,3 ETP	-5.7%	3,5 ETP	+34.6%	2,6 ETP	0.0%	2,6 ETP	-23.5%	3,4 ETP	+17.2%	2,9 ETP	+16.0%	2,5 ETP	+13.6%	2,2 ETP	-37.1%	3,5 ETP	-2.8%	3,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 13 ended

Active mandates

ANNE CLAUDE

Director · since 25 juin 1992 · until 01 juin 2028

Active

BERNARD MICHAUX

Director · since 25 juin 1992 · until 01 juin 2028

Active

Ended mandates

Anne CLAUDE

Director · since 15 juillet 2010

Ended

Bernard MICHAUX

Managing director · since 15 juillet 2010

Ended

Jean Lou MICHAUX

Director · since 15 juillet 2010

Ended

Virginie MICHAUX

Director · since 15 juillet 2010

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	23/07/2026	10/07/2025	26/07/2024	06/06/2023	10/08/2022	22/07/2021
General meeting	01/06/2026	02/06/2025	01/06/2024	01/06/2023	01/06/2022	01/06/2021
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	01/06/2026	23/07/2026	French	PDF
Micro model	31/12/2024	02/06/2025	10/07/2025	French	PDF
Micro model	31/12/2023	01/06/2024	26/07/2024	French	PDF
Micro model	31/12/2022	01/06/2023	06/06/2023	French	PDF
Micro model	31/12/2021	01/06/2022	10/08/2022	French	PDF
Micro model	31/12/2020	01/06/2021	22/07/2021	French	PDF
Abridged model	31/12/2019	01/06/2020	23/07/2020	French	PDF
Abridged model	31/12/2018	01/06/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	01/06/2018	28/06/2018	French	PDF
Abridged model	31/12/2016	01/06/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	01/06/2016	26/08/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	06/08/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	01/06/2013	23/08/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	16/08/2012	French	PDF
Abridged model	31/12/2010	16/06/2011	27/07/2011	French	PDF
Abridged model	31/12/2009	15/07/2010	16/07/2010	French	PDF
Abridged model	31/12/2008	15/07/2009	17/07/2009	French	PDF
Abridged model	31/12/2007	17/07/2008	28/07/2008	French	PDF
Abridged model	31/12/2006	11/07/2007	20/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 13 ended

Active mandates

ANNE CLAUDE

Director · since 25 juin 1992 · until 01 juin 2028

Active

BERNARD MICHAUX

Director · since 25 juin 1992 · until 01 juin 2028

Active

Ended mandates

Anne CLAUDE

Director · since 15 juillet 2010

Ended

Bernard MICHAUX

Managing director · since 15 juillet 2010

Ended

Jean Lou MICHAUX

Director · since 15 juillet 2010

Ended

Virginie MICHAUX

Director · since 15 juillet 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other28/12/2023
DIVERS
PDF
Mandates24/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates08/09/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares22/12/2017
CAPITAL, ACTIONS
PDF
Mandates15/12/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates31/03/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares10/12/2013
CAPITAL, ACTIONS
PDF
Mandates06/01/2011
DEMISSIONS, NOMINATIONS
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 202523 k €↓
2024
Annual accounts 202453,5 k €↓
2023
Annual accounts 202362,1 k €↓
2022
Annual accounts 202286,1 k €↑
2021
Annual accounts 202140,4 k €↑
2018
Annual accounts 20187,2 k €↓
2017
Annual accounts 201732,3 k €↑
2016
Annual accounts 201618,4 k €↑
2015
Annual accounts 2015225 €↓
2014
Annual accounts 20141,3 k €↓
2013
Annual accounts 201313,6 k €↓
2012
Annual accounts 201236 k €↑
2011
Annual accounts 2011-14,8 k €↓
2010
Annual accounts 201019,5 k €↑
2009
Annual accounts 200912,9 k €↑
2008
Annual accounts 2008-3,9 k €↓
2007
Annual accounts 200716,7 k €↑
2006
Annual accounts 2006-27,2 k €
25/06/1992
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

B. MICHAUX

Overview

What does B. MICHAUX do?

Trend over 18 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