ACTIVE

MICHAELI NIK

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Financial year 2025 · closed on 31/12/2025

Net result

19 k €

-4.3% YoY

Gross margin

96,7 k €

+1.5% YoY

Equity

273 k €

+6.8% YoY

What does MICHAELI NIK do?

MICHAELI NIK is a Public limited company incorporated in 1994. Its registered office is in Burg-Reuland.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.371.277

Incorporation

31/03/1994

Legal form

Public limited company

Registered office

Schönborner Weg, Braunlauf 11
4790 Burg-Reuland · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	96,7 k €	+1.5%	95,3 k €	+1.6%	93,8 k €	-16.7%	112,7 k €	+12.8%	99,9 k €	+18.5%	84,3 k €	+7.3%	78,5 k €	-3.0%	81 k €	+6.8%	75,8 k €	-37.0%	120,4 k €	-51.1%	246,1 k €	-22.9%	319,3 k €	+10.4%	289,2 k €	+14.2%	253,4 k €	-6.0%	269,5 k €	+14.6%	235,1 k €	-1.2%	237,8 k €	-16.4%	284,5 k €	+2.0%	278,8 k €	+5.9%	263,3 k €
EBITDA	34,7 k €	-0.7%	35 k €	+64.3%	21,3 k €	-32.0%	31,3 k €	+11.9%	28 k €	+132%	12,1 k €	+56.1%	7,7 k €	+184%	2,7 k €	+134%	-8,1 k €	-195%	8,5 k €	-57.3%	20 k €	-77.0%	86,7 k €	+127%	38,2 k €	+19.4%	32 k €	+194%	10,9 k €	-60.8%	27,9 k €	+5.7%	26,4 k €	-46.0%	48,8 k €	-11.9%	55,4 k €	+82.9%	30,3 k €
Operating result	34,3 k €	-0.7%	34,6 k €	+65.5%	20,9 k €	-32.4%	30,9 k €	+11.7%	27,7 k €	+144%	11,3 k €	+75.5%	6,5 k €	+862%	671 €	+104%	-17,5 k €	-814%	-1,9 k €	-129%	6,7 k €	-90.8%	72,8 k €	+260%	20,3 k €	+3.6%	19,6 k €	+11083%	-178 €	-101%	12,6 k €	+241%	3,7 k €	-70.9%	12,7 k €	+15.3%	11 k €	+880%	1,1 k €
Net result	19 k €	-4.3%	19,8 k €	+103%	9,7 k €	-45.8%	18 k €	+51.4%	11,9 k €	+264%	3,3 k €	-43.4%	5,8 k €	+538%	903 €	+110%	-9,2 k €	-365%	3,5 k €	-67.3%	10,6 k €	-82.6%	61,1 k €	+231%	18,5 k €	-7.0%	19,9 k €	+391%	4 k €	-72.0%	14,4 k €	+85.1%	7,8 k €	-46.4%	14,6 k €	+8.1%	13,5 k €	+59.9%	8,4 k €
Balance sheet
Equity	273 k €	+6.8%	255,7 k €	+7.6%	237,6 k €	+3.5%	229,5 k €	+7.7%	213,1 k €	+5.9%	201,3 k €	+1.6%	198 k €	+3.0%	192,2 k €	-43.8%	342,2 k €	-2.6%	351,4 k €	+1.0%	347,9 k €	+3.2%	337,3 k €	+22.1%	276,2 k €	+0.6%	274,4 k €	+7.8%	254,6 k €	+1.6%	250,5 k €	+5.8%	236,7 k €	+3.1%	229,6 k €	+6.5%	215,7 k €	+7.7%	200,3 k €
Total assets	423,3 k €	+5.3%	401,8 k €	+7.0%	375,5 k €	-0.1%	376,1 k €	+1.1%	371,8 k €	+5.6%	352 k €	-11.7%	398,9 k €	+10.6%	360,7 k €	-0.7%	363,4 k €	-2.3%	372,1 k €	-7.9%	403,8 k €	-3.5%	418,4 k €	+16.1%	360,4 k €	+9.2%	330,2 k €	+10.0%	300,1 k €	+4.4%	287,4 k €	-9.6%	317,8 k €	+7.2%	296,4 k €	+0.1%	296,1 k €	+4.3%	283,8 k €
Cash	101,3 k €	-14.8%	118,9 k €	-45.2%	217 k €	-20.6%	273,5 k €	-1.6%	277,9 k €	+17.2%	237,2 k €	-10.7%	265,7 k €		–		225,7 k €	-1.8%	229,7 k €	-11.4%	259,4 k €	+6.5%	243,5 k €	+55.3%	156,8 k €	-10.3%	174,8 k €	-15.0%	205,8 k €	+33.9%	153,7 k €	-36.0%	240,2 k €	+40.9%	170,5 k €	-2.2%	174,4 k €	+4.8%	166,4 k €
Debts	150,2 k €	+2.8%	146,1 k €	+11.7%	130,8 k €	-6.9%	140,6 k €	-4.0%	146,5 k €	+1.6%	144,1 k €	-28.0%	200,1 k €	+19.3%	167,6 k €	+722%	20,4 k €	+2.7%	19,9 k €	-60.1%	49,8 k €	-30.7%	71,9 k €	-13.6%	83,2 k €	+52.1%	54,7 k €	+20.2%	45,5 k €	+23.3%	36,9 k €	-54.5%	81,1 k €	+21.2%	66,9 k €	-15.8%	79,4 k €	-2.5%	81,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		1,5 ETP	-40.0%	2,5 ETP	-44.4%	4,5 ETP	-18.2%	5,5 ETP	-15.4%	6,5 ETP	+18.2%	5,5 ETP	0.0%	5,5 ETP	-8.3%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	-7.7%	6,5 ETP	+8.3%	6,0 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 · 11 ended

Active mandates

Heidi STELLMANN

Managing director · since 15 juin 2022 · until 15 juin 2028

Active

Mario MICHAELI

Director · since 15 juin 2022 · until 15 juin 2028

Active

Ended mandates

Heidi Stellmann

Managing director · since 15 juin 2023 · until 15 mai 2029

Ended

Mario Michaeli

Director · since 15 juin 2023 · until 15 juin 2029

Ended

Heidy STELLMANN

Managing director · since 15 juin 2022 · until 15 juin 2028

Ended

Heidi STELLMANN

Director · since 16 juin 2016 · until 15 juin 2022

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	16/06/2026	17/07/2025	07/06/2024	18/07/2023	08/03/2023	10/07/2021
General meeting	15/06/2026	16/06/2025	17/05/2024	15/06/2023	15/06/2022	15/06/2021
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	15/06/2026	16/06/2026	German	PDF
Micro model	31/12/2024	16/06/2025	17/07/2025	German	PDF
Micro model	31/12/2023	17/05/2024	07/06/2024	German	PDF
Micro model	31/12/2022	15/06/2023	18/07/2023	German	PDF
Micro model	31/12/2021	15/06/2022	08/03/2023	German	PDF
Micro model	31/12/2020	15/06/2021	10/07/2021	German	PDF
Micro model	31/12/2019	15/06/2020	27/07/2020	German	PDF
Micro model	31/12/2018	15/06/2019	26/07/2019	German	PDF
Abridged model	31/12/2017	16/06/2018	27/07/2018	German	PDF
Abridged model	31/12/2016	16/06/2017	31/07/2017	German	PDF
Abridged model	31/12/2015	16/06/2016	18/07/2016	German	PDF
Abridged model	31/12/2014	16/06/2015	14/07/2015	German	PDF
Abridged model	31/12/2013	16/06/2014	11/07/2014	German	PDF
Abridged model	31/12/2012	15/06/2013	11/07/2013	German	PDF
Abridged model	31/12/2011	15/06/2012	04/07/2012	German	PDF
Abridged model	31/12/2010	15/06/2011	28/07/2011	German	PDF
Abridged model	31/12/2009	15/06/2010	30/06/2010	German	PDF
Abridged model	31/12/2008	16/06/2009	16/07/2009	German	PDF
Abridged model	31/12/2007	16/06/2008	30/06/2008	German	PDF
Abridged model	31/12/2006	15/06/2007	26/07/2007	German	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 · 11 ended

Active mandates

Heidi STELLMANN

Managing director · since 15 juin 2022 · until 15 juin 2028

Active

Mario MICHAELI

Director · since 15 juin 2022 · until 15 juin 2028

Active

Ended mandates

Heidi Stellmann

Managing director · since 15 juin 2023 · until 15 mai 2029

Ended

Mario Michaeli

Director · since 15 juin 2023 · until 15 juin 2029

Ended

Heidy STELLMANN

Managing director · since 15 juin 2022 · until 15 juin 2028

Ended

Heidi STELLMANN

Director · since 16 juin 2016 · until 15 juin 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/08/2025
ERNENNUNG
PDF
Mandates28/04/2020
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares09/01/2019
KAPITAL - AKTIEN
PDF
Registered office10/01/2018
GESELLSCHAFTSSITZ - ADRESSE ANDERS ALS GESELLSCHAFTSSITZ
PDF
Mandates28/07/2016
ENTLASSUNG - ERNENNUNG
PDF
Mandates03/01/2014
KAPITAL - AKTIEN - ENTLASSUNG - ERNENNUNG
PDF
Capital / shares15/01/2013
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - KAPITAL - AKTIEN
PDF
Mandates08/07/2010
ENTLASSUNG - ERNENNUNG
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 202519 k €↓
2024
Annual accounts 202419,8 k €↑
2023
Annual accounts 20239,7 k €↓
2022
Annual accounts 202218 k €↑
2021
Annual accounts 202111,9 k €↑
2020
Annual accounts 20203,3 k €↓
2019
Annual accounts 20195,8 k €↑
2018
Annual accounts 2018903 €↑
2017
Annual accounts 2017-9,2 k €↓
2016
Annual accounts 20163,5 k €↓
2015
Annual accounts 201510,6 k €↓
2014
Annual accounts 201461,1 k €↑
2013
Annual accounts 201318,5 k €↓
2012
Annual accounts 201219,9 k €↑
2011
Annual accounts 20114 k €↓
2010
Annual accounts 201014,4 k €↑
2009
Annual accounts 20097,8 k €↓
2008
Annual accounts 200814,6 k €↑
2007
Annual accounts 200713,5 k €↑
2006
Annual accounts 20068,4 k €
31/03/1994
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

MICHAELI NIK

Overview

What does MICHAELI NIK do?

Trend over 20 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