ACTIVE

MICHAUX

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Financial year 2025 · closed on 31/12/2025

Net result

130,6 k €

+12.0% YoY

Gross margin

438,9 k €

+7.7% YoY

Equity

498,8 k €

+13.0% YoY

What does MICHAUX do?

MICHAUX is a Private limited company incorporated in 1994. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Chimay.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.669.108

Incorporation

19/05/1994

Legal form

Private limited company

Registered office

Place du Prince(CH) 2
6460 Chimay · Wallonie

Contributed capital

57 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

66220Activities of insurance agents and brokers· main 66220Activities of insurance agents and brokers

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	438,9 k €	+7.7%	407,4 k €	+7.2%	379,9 k €	+0.6%	377,7 k €	+9.4%	345,2 k €	+19.4%	289,1 k €	+0.9%	286,6 k €	+8.6%	264 k €	+2.4%	257,9 k €	-6.4%	275,5 k €	+24.7%	221 k €	-4.5%	231,4 k €	+27.4%	181,6 k €	+7.9%	168,4 k €	-11.6%	190,4 k €	+122%	85,8 k €	+5.7%	81,1 k €	+41.7%	57,3 k €
EBITDA	317,8 k €	+3.9%	305,9 k €	+17.1%	261,2 k €	-17.1%	315,3 k €	+15.5%	273 k €	+11.3%	245,2 k €	-0.2%	245,7 k €	+8.1%	227,3 k €	-0.7%	228,9 k €	-3.7%	237,8 k €	+22.8%	193,6 k €	-3.6%	200,9 k €	+16.9%	171,9 k €	+6.1%	162,1 k €	-12.3%	184,7 k €	+148%	74,5 k €	-0.4%	74,8 k €	+54.8%	48,3 k €
Operating result	224,6 k €	+4.6%	214,7 k €	+30.9%	164,1 k €	-19.1%	202,8 k €	+26.8%	159,9 k €	+4.2%	153,5 k €	-12.8%	176 k €	+33.1%	132,2 k €	-28.3%	184,5 k €	-4.4%	192,8 k €	+28.1%	150,5 k €	-14.0%	175 k €	+23.9%	141,2 k €	+20.4%	117,3 k €	-32.2%	172,9 k €	+165%	65,3 k €	-0.4%	65,5 k €	+102%	32,4 k €
Net result	130,6 k €	+12.0%	116,6 k €	+33.9%	87,1 k €	-26.7%	118,8 k €	+31.8%	90,1 k €	+4.7%	86 k €	+3.9%	82,8 k €	+41.4%	58,6 k €	-36.4%	92,1 k €	-3.5%	95,5 k €	+42.7%	66,9 k €	-25.6%	90 k €	+35.2%	66,6 k €	+13.7%	58,6 k €	-43.0%	102,7 k €	+230%	31,1 k €	-18.5%	38,1 k €	+235%	11,4 k €
Balance sheet
Equity	498,8 k €	+13.0%	441,5 k €	+14.3%	386,2 k €	+9.9%	351,4 k €	+16.8%	300,8 k €	+40.4%	214,3 k €	+16.9%	183,3 k €	+17.8%	155,6 k €	+0.8%	154,4 k €	+32.6%	116,5 k €	+47.3%	79,1 k €	+14.5%	69,1 k €	+86.9%	37 k €	+101%	18,4 k €	+9.1%	16,9 k €	-53.4%	36,2 k €	-53.1%	77,1 k €	+97.9%	39 k €
Total assets	1,2 M €	-3.7%	1,3 M €	+0.8%	1,2 M €	-7.5%	1,3 M €	+0.6%	1,3 M €	+5.0%	1,3 M €	+17.4%	1,1 M €	-2.9%	1,1 M €	+20.9%	925,5 k €	+0.6%	920,3 k €	-2.8%	946,5 k €	-4.2%	987,7 k €	+33.9%	737,4 k €	-6.1%	785,5 k €	+359%	171,2 k €	+5.5%	162,3 k €	-30.2%	232,6 k €	+3.9%	223,9 k €
Cash	505,1 k €	+1.8%	496,3 k €	+21.9%	407,2 k €	+4.4%	390 k €	+21.8%	320,3 k €	+73.3%	184,8 k €	+34.9%	137 k €	-14.9%	160,9 k €	-9.6%	178 k €	+23.3%	144,4 k €	-6.5%	154,5 k €	+33.8%	115,5 k €	+294%	29,3 k €	-66.0%	86,2 k €	-11.0%	96,8 k €	+111%	45,8 k €	+5.2%	43,5 k €	+275%	11,6 k €
Debts	695,1 k €	-13.2%	800,9 k €	-5.3%	846 k €	-13.9%	982,4 k €	-4.1%	1 M €	-2.3%	1 M €	+20.4%	871 k €	-8.6%	953,3 k €	+25.4%	760,1 k €	-4.5%	795,6 k €	-7.1%	856,1 k €	-6.0%	910,6 k €	+31.3%	693,7 k €	-8.8%	760,9 k €	+408%	149,7 k €	+23.0%	121,7 k €	-19.4%	150,9 k €	-16.2%	180,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	+300%	0,2 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 31/12/2025 · 2 active · 5 ended

Active mandates

Chasselein Michel

Director · since 01 janvier 2010

Active

Michaux François

Director · since 25 mai 2001

Active

Ended mandates

MICHEL CHASSELEIN

Manager · since 01 janvier 2010 · until 31 décembre 2016

Ended

MICHEL CHASSELEIN

Manager · since 31 décembre 2009

Ended

FRANCOIS MICHAUX

Manager · since 25 mai 2001

Ended

François MICHAUX

Manager

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	29/07/2026	17/07/2025	12/07/2024	13/07/2023	05/07/2022	13/07/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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	29/05/2026	29/07/2026	French	PDF
Micro model	31/12/2024	30/05/2025	17/07/2025	French	PDF
Micro model	31/12/2023	31/05/2024	12/07/2024	French	PDF
Micro model	31/12/2022	26/05/2023	13/07/2023	French	PDF
Micro model	31/12/2021	27/05/2022	05/07/2022	French	PDF
Micro model	31/12/2020	28/05/2021	13/07/2021	French	PDF
Micro model	31/12/2019	29/05/2020	07/07/2020	French	PDF
Micro model	31/12/2018	31/05/2019	04/07/2019	French	PDF
Micro model	31/12/2017	25/05/2018	03/07/2018	French	PDF
Micro model	31/12/2016	26/05/2017	19/06/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	17/06/2016	French	PDF
Abridged model	31/12/2014	18/05/2015	17/06/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	26/06/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	22/08/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	28/06/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	13/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	24/08/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	26/05/2007	26/06/2007	French	PDF

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 31/12/2025 · 2 active · 5 ended

Active mandates

Chasselein Michel

Director · since 01 janvier 2010

Active

Michaux François

Director · since 25 mai 2001

Active

Ended mandates

MICHEL CHASSELEIN

Manager · since 01 janvier 2010 · until 31 décembre 2016

Ended

MICHEL CHASSELEIN

Manager · since 31 décembre 2009

Ended

FRANCOIS MICHAUX

Manager · since 25 mai 2001

Ended

François MICHAUX

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/07/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Registered office21/11/2016
SIEGE SOCIAL
PDF
Mandates13/09/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares23/12/2013
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring06/11/2013
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring29/04/2013
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates20/01/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates23/09/2008
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 2025130,6 k €↑
2024
Annual accounts 2024116,6 k €↑
2023
Annual accounts 202387,1 k €↓
2022
Annual accounts 2022118,8 k €↑
2021
Annual accounts 202190,1 k €↑
2018
Annual accounts 201886 k €↑
2017
Annual accounts 201782,8 k €↑
2016
Annual accounts 201658,6 k €↓
2015
Annual accounts 201592,1 k €↓
2014
Annual accounts 201495,5 k €↑
2013
Annual accounts 201366,9 k €↓
2012
Annual accounts 201290 k €↑
2011
Annual accounts 201166,6 k €↑
2010
Annual accounts 201058,6 k €↓
2009
Annual accounts 2009102,7 k €↑
2008
Annual accounts 200831,1 k €↓
2007
Annual accounts 200738,1 k €↑
2006
Annual accounts 200611,4 k €
19/05/1994
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 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