ACTIVE

MICHEL HOLDING

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Financial year 2025 · closed on 31/12/2025

Net result

104,5 k €

+6994.2% YoY

Revenue

807 k €

+1.2% YoY

Equity

8,6 M €

-6.6% YoY

Workforce

5,4 ETP

-6.9% YoY

What does MICHEL HOLDING do?

MICHEL HOLDING is a Public limited company incorporated in 1998. Its main activity is: Activities of holding companies. Its registered office is in Kalmthout. It employs on average 5,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.549.727

Incorporation

09/11/1998

Legal form

Public limited company

Registered office

Helleven (C) 2
2920 Kalmthout · FlandreSee on map

Contributed capital

4 836 910,83 €

Latest accounts

31/12/2025

Average workforce

5,4 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 66300Fund management activities 66300Fund management activities 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate+2

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

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
Revenue	807 k €	+1.2%	797,6 k €	-3.8%	829,4 k €	+27.5%	650,4 k €	+13.7%	571,9 k €	+21.7%	470,1 k €	-20.8%	593,6 k €	-3.4%	614,6 k €	-38.5%	998,6 k €	+29.9%	768,8 k €	+18.1%	651,3 k €	+4.2%	624,9 k €	+28.7%	485,6 k €		–		–		–		–		–		–
EBITDA	411,2 k €	+5.9%	388,4 k €	-16.0%	462,3 k €	+34.9%	342,8 k €	-79.2%	1,6 M €	+110%	783,9 k €	+126%	346,4 k €	+2.1%	339,1 k €	-37.6%	543,8 k €	+103%	268,1 k €	+35.6%	197,8 k €	+5.3%	187,9 k €	+39.1%	135,1 k €	+3.4%	130,6 k €	+30.8%	99,8 k €	-11.1%	112,3 k €	-0.8%	113,2 k €	+0.1%	113 k €	+3.7%	109 k €
Operating result	235,8 k €	+163%	89,8 k €	-48.8%	175,5 k €	+9.3%	160,5 k €	-89.4%	1,5 M €	+125%	672,1 k €	+229%	204,5 k €	+2.0%	200,4 k €	-55.6%	451,6 k €	+145%	184 k €	+119%	83,9 k €	+10.9%	75,7 k €	+68.8%	44,8 k €	-56.9%	104,1 k €	+26.6%	82,2 k €	+145%	33,5 k €	-65.1%	95,9 k €	+0.2%	95,7 k €	+4.3%	91,8 k €
Net result	104,5 k €	+6994%	-1,5 k €	-101%	233 k €	+10.0%	211,9 k €	-79.3%	1 M €	+427%	194,6 k €	+203%	64,1 k €	-81.9%	354,2 k €	+44.9%	244,4 k €	-52.8%	517,7 k €	+1876%	-29,2 k €	-124%	124 k €	+239%	-89,4 k €	-135%	256,1 k €	+337%	58,6 k €	+28.4%	45,7 k €	-28.6%	63,9 k €	-20.3%	80,2 k €	+4.4%	76,8 k €
Balance sheet
Equity	8,6 M €	-6.6%	9,2 M €	+0.1%	9,2 M €	+2.6%	9 M €	+2.4%	8,8 M €	+13.2%	7,7 M €	+5.5%	7,3 M €	+0.9%	7,3 M €	+21.0%	6 M €	+4.2%	5,8 M €	+9.9%	5,2 M €	-0.5%	5,3 M €	+57.4%	3,4 M €	+22.3%	2,7 M €	+148%	1,1 M €	+5.6%	1 M €	+4.6%	1 M €	+6.8%	938,7 k €	+9.3%	858,5 k €
Total assets	16 M €	-2.1%	16,3 M €	-2.4%	16,7 M €	+6.6%	15,7 M €	+8.8%	14,4 M €	-5.5%	15,3 M €	+9.4%	13,9 M €	-1.6%	14,2 M €	+5.4%	13,4 M €	-0.9%	13,6 M €	+18.6%	11,4 M €	-3.7%	11,9 M €	+11.3%	10,7 M €	+233%	3,2 M €	+85.4%	1,7 M €	-5.8%	1,8 M €	+67.5%	1,1 M €	+6.3%	1 M €	-0.8%	1 M €
Cash	70,8 k €	+362%	15,3 k €	-89.8%	150,3 k €	-86.0%	1,1 M €	+5747%	18,3 k €	-96.6%	540,9 k €	+2680%	19,5 k €	-68.8%	62,4 k €	-56.2%	142,5 k €	-24.6%	188,9 k €	+247%	54,5 k €	-88.2%	462,9 k €	+83.3%	252,5 k €	+26.4%	199,7 k €	+176%	72,3 k €	-84.3%	459,7 k €	+53.5%	299,6 k €	+28.0%	234,1 k €	+150%	93,6 k €
Debts	7,3 M €	+3.7%	7 M €	-5.4%	7,4 M €	+12.4%	6,6 M €	+18.8%	5,6 M €	-25.0%	7,4 M €	+12.1%	6,6 M €	-4.1%	6,9 M €	-7.3%	7,4 M €	-4.5%	7,8 M €	+25.8%	6,2 M €	-6.2%	6,6 M €	-9.9%	7,3 M €	+1466%	467,1 k €	-24.6%	619,1 k €	-21.5%	789 k €	+734%	94,5 k €	+1.2%	93,4 k €	-48.1%	180 k €
Other
Workforce	5,4 ETP	-6.9%	5,8 ETP	+20.8%	4,8 ETP	0.0%	4,8 ETP	+29.7%	3,7 ETP	+2.8%	3,6 ETP	-7.7%	3,9 ETP	0.0%	3,9 ETP	-15.2%	4,6 ETP	0.0%	4,6 ETP	0.0%	4,6 ETP	-13.2%	5,3 ETP	+1.9%	5,2 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 17 ended

Active mandates

Philippe Michel

Managing director · since 30 juin 2022 · until 30 juin 2028

Active

Robert Michel

Managing director · since 30 juin 2022 · until 30 juin 2028

Active

Vera Lauwereyssens

Director · since 30 juin 2022 · until 30 juin 2028

Active

Ended mandates

Philippe Michel

Managing director · since 18 mars 2019 · until 30 juin 2022

Ended

Phillipe Michel

Managing director · since 18 mars 2019 · until 30 juin 2022

Ended

Philippe Michel

Director · since 18 juin 2016 · until 30 juin 2022

Ended

Robert Michel

Managing director · since 18 juin 2016 · until 30 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
Datavernietiging Michel● Active	0431.318.022
GROUP MICHEL● Active	0536.544.315

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	09/07/2026	30/06/2025	11/07/2024	28/08/2023	07/07/2022	31/08/2021
General meeting	30/06/2026	27/06/2025	28/06/2024	14/08/2023	30/06/2022	29/07/2021
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
Full model	31/12/2025	30/06/2026	09/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	14/08/2023	28/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	07/07/2022	Dutch	PDF
Full model	31/12/2020	29/07/2021	31/08/2021	Dutch	PDF
Full model	31/12/2019	15/07/2020	24/08/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	06/07/2018	Dutch	PDF
Full model	31/12/2016	08/06/2017	12/06/2017	Dutch	PDF
Full model	31/12/2015	18/06/2016	20/07/2016	Dutch	PDF
Full model	31/12/2014	20/06/2015	20/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	09/07/2013	12/07/2013	Dutch	PDF
Abridged model	30/06/2011	13/12/2011	20/12/2011	Dutch	PDF
Abridged modelCorrection	30/06/2010	24/12/2010	11/01/2011	Dutch	PDF
Abridged model	30/06/2010	25/11/2010	24/12/2010	Dutch	PDF
Abridged model	30/06/2009	18/12/2009	23/12/2009	Dutch	PDF
Abridged model	30/06/2008	27/11/2008	12/12/2008	Dutch	PDF
Abridged model	30/06/2007	19/12/2007	09/01/2008	Dutch	PDF

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.

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 · 3 active · 17 ended

Active mandates

Philippe Michel

Managing director · since 30 juin 2022 · until 30 juin 2028

Active

Robert Michel

Managing director · since 30 juin 2022 · until 30 juin 2028

Active

Vera Lauwereyssens

Director · since 30 juin 2022 · until 30 juin 2028

Active

Ended mandates

Philippe Michel

Managing director · since 18 mars 2019 · until 30 juin 2022

Ended

Phillipe Michel

Managing director · since 18 mars 2019 · until 30 juin 2022

Ended

Philippe Michel

Director · since 18 juin 2016 · until 30 juin 2022

Ended

Robert Michel

Managing director · since 18 juin 2016 · until 30 juin 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares13/08/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates09/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring07/02/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025104,5 k €↑
2024
Annual accounts 2024-1,5 k €↓
2023
Annual accounts 2023233 k €↑
2022
Annual accounts 2022211,9 k €↓
2021
Annual accounts 20211 M €↑
2020
Annual accounts 2020194,6 k €↑
2019
Annual accounts 201964,1 k €↓
2018
Annual accounts 2018354,2 k €↑
2017
Annual accounts 2017244,4 k €↓
2016
Annual accounts 2016517,7 k €↑
2015
Annual accounts 2015-29,2 k €↓
2014
Annual accounts 2014124 k €↑
2013
Annual accounts 2013-89,4 k €↓
2012
Annual accounts 2012256,1 k €↑
2011
Annual accounts 201158,6 k €↑
2010
Annual accounts 201045,7 k €↓
2009
Annual accounts 200963,9 k €↓
2008
Annual accounts 200880,2 k €↑
2007
Annual accounts 200776,8 k €
09/11/1998
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

MICHEL HOLDING

Overview

What does MICHEL HOLDING do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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