ACTIVE

Michelin Research & Development Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result175,7 k €-76,8 %over 1 year
Revenue1,4 M €-76,9 %over 1 year
Equity137,5 k €-86,8 %over 1 year
Workforce10,3 ETP-66,0 %over 1 year

Identity

Source · BCE/KBO

Michelin Research & Development Belgium is a Public limited company incorporated in 1995. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Asse. It employs on average 10,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0456.514.365
Incorporation
16/11/1995
Legal form
Public limited company
Registered office
Brusselsesteenweg 494 box 1
1731 Asse · FlandreSee on map
Contributed capital
125 000,00 €
Latest accounts
31/12/2025
Average workforce
10,3 ETP
Joint committees (2)
  • 111
  • 209
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue1,4 M €6,2 M €6,7 M €6,3 M €6,3 M €
EBITDA127,9 k €575,6 k €853,6 k €600,2 k €614,2 k €
Operating result127,9 k €447,4 k €661,2 k €361,5 k €361,8 k €
Net result175,7 k €758,1 k €644,2 k €186,4 k €223,7 k €
Balance sheet
Equity137,5 k €1 M €2,3 M €1,6 M €1,5 M €
Total assets1,5 M €10,9 M €6 M €5,2 M €5 M €
Cash52 k €787,1 k €326,6 k €107,8 k €475,4 k €
Debts1,2 M €2,4 M €3,7 M €3,5 M €3,5 M €
Other
Workforce10,3 ETP30,3 ETP34,6 ETP36,2 ETP36,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 35 ended

Active mandates

Isaline Baudez

Director · since 29 mars 2025 · until 30 mai 2028

Active
Thomas Helin

Director · since 01 janvier 2023 · until 28 mars 2025

Active
Jean-Charles CAMBIER

Director · since 24 avril 2022 · until 30 mai 2028

Active
Leslie Helsen

Managing director · since 21 avril 2022 · until 30 mai 2028

Active

Ended mandates

Isaline Baudez

Director · since 29 mars 2025 · until 28 mars 2028

Ended
Thomas HELIN

Director · since 01 janvier 2023 · until 30 mai 2025

Ended
Jean-Charles CAMBIER

Director · since 24 avril 2022 · until 30 mai 2025

Ended
Leslie HELSEN

Director · since 24 avril 2022 · until 30 mai 2025

Ended

Other companies at this address

Brusselsesteenweg 494 1731 Asse
CompanyCBE no.
DEELVERENIGING VAN MEDE-EIGENAARS GEBOUW B - CONNEXION PARK, TE 1731 ASSE (ZELLIK), BRUSSELSTEENWEG 494● Active
0784.973.191
MICHELIN BELUX● Active
0400.906.146

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/06/202617/11/202530/05/202412/06/202327/06/202203/06/2021
General meeting26/05/202627/05/202528/05/202426/05/202327/05/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/05/202603/06/2026DutchPDF
Full modelCorrection31/12/202427/05/202517/11/2025DutchPDF
Full model31/12/202427/05/202527/06/2025DutchPDF
Full model31/12/202328/05/202430/05/2024DutchPDF
Full model31/12/202226/05/202312/06/2023DutchPDF
Full model31/12/202127/05/202227/06/2022DutchPDF
Full model31/12/202028/05/202103/06/2021DutchPDF
Full model31/12/201929/05/202026/06/2020DutchPDF
Full model31/03/201928/06/201920/07/2019DutchPDF
Full model31/03/201829/06/201805/07/2018DutchPDF
Full model31/03/201730/06/201706/07/2017DutchPDF
Full model31/03/201604/07/201613/07/2016DutchPDF
Full model31/03/201501/07/201506/07/2015DutchPDF
Full model31/03/201427/06/201404/07/2014DutchPDF
Full model31/03/201328/06/201302/07/2013DutchPDF
Full model31/03/201229/06/201203/07/2012DutchPDF
Full model31/03/201124/06/201130/06/2011DutchPDF
Full model31/03/201025/06/201030/06/2010DutchPDF
Full model31/03/200922/06/200923/06/2009DutchPDF
Full model31/03/200816/06/200819/06/2008DutchPDF
Full model31/03/200712/06/200715/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 35 ended

Active mandates

Isaline Baudez

Director · since 29 mars 2025 · until 30 mai 2028

Active
Thomas Helin

Director · since 01 janvier 2023 · until 28 mars 2025

Active
Jean-Charles CAMBIER

Director · since 24 avril 2022 · until 30 mai 2028

Active
Leslie Helsen

Managing director · since 21 avril 2022 · until 30 mai 2028

Active

Ended mandates

Isaline Baudez

Director · since 29 mars 2025 · until 28 mars 2028

Ended
Thomas HELIN

Director · since 01 janvier 2023 · until 30 mai 2025

Ended
Jean-Charles CAMBIER

Director · since 24 avril 2022 · until 30 mai 2025

Ended
Leslie HELSEN

Director · since 24 avril 2022 · until 30 mai 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Dissolution01/09/2026
    Ontslag, benoeming en stopzetting gevolmachtigde
    PDF
  • Mandates11/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/12/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates15/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - DOEL
    PDF
  • Mandates19/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025175,7 k €↓
  2. 2024
    Annual accounts 2024758,1 k €↑
  3. 2023
    Annual accounts 2023644,2 k €↑
  4. 2023
    Name changeMichelin R&D Belgium
  5. 2022
    Annual accounts 2022186,4 k €↓
  6. 2022
    Name changeCamsotech European R&D Centre
  7. 2021
    Annual accounts 2021223,7 k €↑
  8. 2021
    Name changeCAMSOTECH EUROPEAN RD CENTRE
  9. 2020
    Annual accounts 2020197,1 k €↑
  10. 2019
    Annual accounts 2019-1,4 M €↓
  11. 2019
    Annual accounts 2019197,4 k €↓
  12. 2018
    Annual accounts 20181,3 M €↑
  13. 2017
    Annual accounts 2017104,4 k €↓
  14. 2016
    Annual accounts 2016249,2 k €↑
  15. 2015
    Annual accounts 2015162,5 k €↑
  16. 2014
    Annual accounts 201496,3 k €↑
  17. 2013
    Annual accounts 201364,2 k €↓
  18. 2012
    Annual accounts 201267,5 k €↑
  19. 2011
    Annual accounts 201120,6 k €↓
  20. 2010
    Annual accounts 201045,1 k €↑
  21. 2009
    Annual accounts 2009-4,2 k €↓
  22. 2008
    Annual accounts 200853,4 k €↓
  23. 2007
    Annual accounts 200768,5 k €
  24. 16/11/1995
    IncorporationPublic limited company