Michiels
0453.359.093 · rovalta.com · 22/09/2026
ACTIVE
Michiels
Financial year 2025 · closed on 31/12/2025
Net result
-2,8 k €
-224.5% YoY
Gross margin
-1,5 k €
-146.8% YoY
Equity
202,6 k €
-1.3% YoY
Overview
What does Michiels do?
Michiels is a Private limited company incorporated in 1994. Its registered office is in Waasmunster.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0453.359.093
Incorporation
16/09/1994
Legal form
Private limited company
Registered office
Fazantenlaan 17
9250 Waasmunster · FlandreSee on map
9250 Waasmunster · FlandreSee on map
Contributed capital
42 141,90 €
Latest accounts
31/12/2025
Joint committees (2)
- 145
- 218
Signals
Solid equityLow riskGood liquidity
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | -1,5 k € | -147% | 3,2 k € | +587% | -648,5 € | -224% | -200 € | -126% | 765,6 € | +183% | -920,8 € | -101% | 105,3 k € | -21.6% | 134,4 k € | +16.3% | 115,5 k € | -10.6% | 129,2 k € | +11.0% | 116,4 k € | -0.4% | 116,9 k € | +21.9% | 95,9 k € | -23.8% | 125,8 k € | -30.0% | 179,8 k € | -11.3% | 202,8 k € | -7.1% | 218,4 k € | +173% | 80,1 k € | -31.1% | 116,3 k € |
| EBITDA | -2,4 k € | -200% | 2,4 k € | +327% | -1,1 k € | +69.8% | -3,5 k € | +39.6% | -5,8 k € | -133% | -2,5 k € | -104% | 56 k € | -15.6% | 66,4 k € | +6.5% | 62,4 k € | -24.6% | 82,7 k € | -7.5% | 89,4 k € | +15.5% | 77,4 k € | +120% | 35,2 k € | -38.8% | 57,5 k € | -55.0% | 127,8 k € | -17.8% | 155,4 k € | -6.0% | 165,3 k € | +242% | 48,4 k € | -41.5% | 82,8 k € |
| Operating result | -2,4 k € | -200% | 2,4 k € | +327% | -1,1 k € | +69.8% | -3,5 k € | +39.6% | -5,8 k € | -133% | -2,5 k € | -104% | 56 k € | +172% | 20,6 k € | +40.1% | 14,7 k € | +61.3% | 9,1 k € | -54.9% | 20,3 k € | +107% | 9,8 k € | +142% | -23,1 k € | -50553% | -45,7 € | -100% | 46,8 k € | -24.9% | 62,3 k € | -19.0% | 76,9 k € | +294% | -39,6 k € | -3088% | -1,2 k € |
| Net result | -2,8 k € | -225% | 2,2 k € | +285% | -1,2 k € | +67.7% | -3,7 k € | +37.3% | -6 k € | -127% | -2,6 k € | -107% | 35 k € | +254% | 9,9 k € | +233% | 3 k € | +91.0% | 1,6 k € | -82.0% | 8,7 k € | +431% | 1,6 k € | +105% | -35,2 k € | -6992% | 511 € | -99.0% | 52,5 k € | -18.9% | 64,7 k € | +7.6% | 60,1 k € | +209% | -55,1 k € | -156% | -21,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 202,6 k € | -1.3% | 205,4 k € | +1.1% | 203,2 k € | -0.6% | 204,4 k € | -1.8% | 208,1 k € | -2.8% | 214,1 k € | -1.2% | 216,7 k € | +19.3% | 181,6 k € | +5.8% | 171,7 k € | +1.8% | 168,8 k € | +0.9% | 167,2 k € | +5.5% | 158,6 k € | +1.0% | 156,9 k € | -18.3% | 192,2 k € | +0.3% | 191,6 k € | +37.7% | 139,1 k € | +93.9% | 71,7 k € | +518% | 11,6 k € | -82.6% | 66,7 k € |
| Total assets | 202,9 k € | -1.2% | 205,4 k € | +1.1% | 203,2 k € | -0.6% | 204,4 k € | -3.1% | 210,9 k € | -1.5% | 214,1 k € | -25.3% | 286,4 k € | -8.4% | 312,8 k € | -1.2% | 316,6 k € | -19.2% | 391,8 k € | -6.6% | 419,6 k € | -19.1% | 518,7 k € | -1.6% | 527,2 k € | +8.6% | 485,6 k € | +13.5% | 427,8 k € | -9.9% | 474,5 k € | -9.7% | 525,6 k € | -8.1% | 572,1 k € | -13.8% | 663,8 k € |
| Cash | 24,4 k € | +82.0% | 13,4 k € | -72.8% | 49,2 k € | -2.4% | 50,4 k € | +11.3% | 45,3 k € | -6.6% | 48,5 k € | -79.1% | 232,1 k € | +1281% | 16,8 k € | +353% | 3,7 k € | -82.8% | 21,6 k € | -17.0% | 26 k € | -38.9% | 42,6 k € | +35.7% | 31,4 k € | -53.1% | 66,9 k € | +12.5% | 59,4 k € | +6992% | 838,2 € | +229% | 254,6 € | -82.4% | 1,4 k € | +195% | 491,4 € |
| Debts | 300 € | – | – | – | 2,8 k € | – | 69,7 k € | -46.8% | 131,1 k € | -3.5% | 135,9 k € | -37.7% | 218,1 k € | -11.3% | 246 k € | -29.7% | 349,8 k € | +6.7% | 327,7 k € | +20.7% | 271,6 k € | +27.9% | 212,4 k € | -28.7% | 297,7 k € | -26.2% | 403,5 k € | -16.8% | 484,8 k € | -4.7% | 508,9 k € | ||||||
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | 1,1 ETP | +83.3% | 0,6 ETP | -45.5% | 1,1 ETP | -47.6% | 2,1 ETP | +10.5% | 1,9 ETP | +46.2% | 1,3 ETP | -7.1% | 1,4 ETP | 0.0% | 1,4 ETP | +7.7% | 1,3 ETP | 0.0% | 1,3 ETP | |||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 3 ended
Active mandates
Joke Van Doorne
ActiveWilliam De Witte
ActiveEnded mandates
Maria Uytterhoeven
EndedRAYMOND MICHIELS
EndedRAYMOND MICHIELS
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
ALVA IMMO● Active | 0417.780.879 |
BOUWGROEP DE WITTE● Active | 0439.438.110 |
CORENT● Active | 0435.470.315 |
DEPONDT● Active | 0406.242.334 |
DE WITTE WILLIAM● Active | 0424.979.269 |
DISTRIBUTIECENTRUM● Active | 0865.773.203 |
FRUITBOETIEK● Active | 0446.361.237 |
LIGUNA● Active | 0685.935.005 |
TRUSTREE● Active | 1023.439.674 |
TSH Transport● Active | 0647.712.748 |
VAN ZESSEN● Active | 0463.138.178 |
WASE GARAGE- EN VERVOERBEDRIJF● Active | 0444.217.537 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 31/12/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 15 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 28/08/2026 | 10/02/2025 | 30/04/2024 | 25/04/2023 | 15/03/2022 | 30/04/2021 |
| General meeting | 29/05/2026 | 07/02/2025 | 23/02/2024 | 24/02/2023 | 25/02/2022 | 26/02/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 29/05/2026 | 28/08/2026 | Dutch | |
| Micro model | 30/09/2024 | 07/02/2025 | 10/02/2025 | Dutch | |
| Micro model | 30/09/2023 | 23/02/2024 | 30/04/2024 | Dutch | |
| Micro model | 30/09/2022 | 24/02/2023 | 25/04/2023 | Dutch | |
| Micro model | 30/09/2021 | 25/02/2022 | 15/03/2022 | Dutch | |
| Micro model | 30/09/2020 | 26/02/2021 | 30/04/2021 | Dutch | |
| Micro model | 30/09/2019 | 31/03/2020 | 01/06/2020 | Dutch | |
| Micro model | 30/09/2018 | 22/02/2019 | 21/03/2019 | Dutch | |
| Micro model | 30/09/2017 | 23/02/2018 | 20/03/2018 | Dutch | |
| Abridged model | 30/09/2016 | 24/02/2017 | 07/03/2017 | Dutch | |
| Abridged model | 30/09/2015 | 26/02/2016 | 25/03/2016 | Dutch | |
| Abridged model | 30/09/2014 | 27/02/2015 | 23/03/2015 | Dutch | |
| Abridged model | 30/09/2013 | 28/02/2014 | 30/04/2014 | Dutch | |
| Abridged model | 30/09/2012 | 22/02/2013 | 29/04/2013 | Dutch | |
| Abridged model | 30/09/2011 | 24/02/2012 | 26/04/2012 | Dutch | |
| Abridged model | 30/09/2010 | 25/02/2011 | 15/03/2011 | Dutch | |
| Abridged model | 30/09/2009 | 26/02/2010 | 10/03/2010 | Dutch | |
| Abridged model | 30/09/2008 | 27/02/2009 | 27/03/2009 | Dutch | |
| Abridged model | 30/09/2007 | 29/02/2008 | 17/03/2008 | Dutch | |
| Abridged model | 30/09/2006 | 23/02/2007 | 20/03/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 3 ended
Active mandates
Joke Van Doorne
ActiveWilliam De Witte
ActiveEnded mandates
Maria Uytterhoeven
EndedRAYMOND MICHIELS
EndedRAYMOND MICHIELS
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates03/01/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
- Mandates07/08/2019MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Registered office14/09/2018MAATSCHAPPELIJKE ZETEL
- Mandates10/04/2017ONTSLAGEN - BENOEMINGEN
- Mandates20/06/2013ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Capital / shares27/10/2005KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-2,8 k €↓
- 2024Annual accounts 20242,2 k €↑
- 2023Annual accounts 2023-1,2 k €↑
- 2022Annual accounts 2022-3,7 k €↑
- 2021Annual accounts 2021-6 k €↓
- 2020Annual accounts 2020-2,6 k €↓
- 2019Annual accounts 201935 k €↑
- 2018Annual accounts 20189,9 k €↑
- 2017Annual accounts 20173 k €↑
- 2016Annual accounts 20161,6 k €↓
- 2015Annual accounts 20158,7 k €↑
- 2014Annual accounts 20141,6 k €↑
- 2013Annual accounts 2013-35,2 k €↓
- 2012Annual accounts 2012511 €↓
- 2011Annual accounts 201152,5 k €↓
- 2010Annual accounts 201064,7 k €↑
- 2009Annual accounts 200960,1 k €↑
- 2008Annual accounts 2008-55,1 k €↓
- 2007Annual accounts 2007-21,5 k €
- 16/09/1994IncorporationPrivate limited company