NORMAL SITUATION

Expertisebureau Vanhees - Michielsen en Co

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Company — Normal situation.

Strike-off: 18 septembre 2026

Financial year 2025 · Closed on 31/12/2025

Net result-19,2 k €-150,2 %over 1 year
Gross margin-26,3 k €-138,3 %over 1 year
Equity270 k €-6,6 %over 1 year

Identity

Source · BCE/KBO

Expertisebureau Vanhees - Michielsen en Co is a Private company with limited liability incorporated in 1999.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0466.591.873
Incorporation
23/07/1999
Legal form
Private company with limited liability
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 218
Signals
Solid equityGood liquidity

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin-26,3 k €68,7 k €108,1 k €117,7 k €124,4 k €
EBITDA-26,4 k €67,8 k €108 k €117,1 k €107,5 k €
Operating result-26,4 k €66,4 k €106,2 k €110,4 k €88,6 k €
Net result-19,2 k €38,1 k €67,9 k €76,2 k €56,8 k €
Balance sheet
Equity270 k €289,2 k €251 k €183,2 k €107 k €
Total assets302 k €335,3 k €306,7 k €238,3 k €172,1 k €
Cash268,4 k €315,3 k €264,7 k €191 k €145,7 k €
Debts32 k €46,1 k €55,7 k €55,2 k €65,1 k €
Other
Workforce––––0,2 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 5 ended

Active mandates

Marc Vanhees

Director · since 01 avril 2003

Active
Rosinda Michielsen

Director · since 12 juillet 1999

Active

Ended mandates

Marc Vanhees

Manager · since 01 avril 2003

Ended
Marc Vanhees

Director

Ended
Marc Vanhees

Manager

Ended
Rosinda Michielsen

Director

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date30/07/202607/07/202526/08/202431/08/202328/07/202231/08/2021
General meeting30/06/202616/06/202530/06/202430/06/202330/06/202230/06/2021
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, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202630/07/2026DutchPDF
Abridged model31/12/202416/06/202507/07/2025DutchPDF
Abridged model31/12/202330/06/202426/08/2024DutchPDF
Abridged model31/12/202230/06/202331/08/2023DutchPDF
Abridged model31/12/202130/06/202228/07/2022DutchPDF
Abridged model31/12/202030/06/202131/08/2021DutchPDF
Abridged model31/12/201931/07/202030/10/2020DutchPDF
Abridged model31/12/201830/06/201931/08/2019DutchPDF
Abridged model31/12/201730/06/201831/07/2018DutchPDF
Abridged model31/12/201630/06/201731/07/2017DutchPDF
Abridged model31/12/201506/06/201608/08/2016DutchPDF
Abridged model31/12/201430/06/201528/08/2015DutchPDF
Abridged model31/12/201330/06/201428/08/2014DutchPDF
Abridged model31/12/201230/06/201328/08/2013DutchPDF
Abridged model31/12/201130/06/201227/08/2012DutchPDF
Abridged model31/12/201007/02/201116/02/2011DutchPDF
Abridged model31/12/200907/06/201002/07/2010DutchPDF
Abridged model31/12/200802/06/200928/08/2009DutchPDF
Abridged model31/12/200715/07/200808/08/2008DutchPDF
Abridged model31/12/200604/06/200703/07/2007DutchPDF

Indicative valuation

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

2 active · 5 ended

Active mandates

Marc Vanhees

Director · since 01 avril 2003

Active
Rosinda Michielsen

Director · since 12 juillet 1999

Active

Ended mandates

Marc Vanhees

Manager · since 01 avril 2003

Ended
Marc Vanhees

Director

Ended
Marc Vanhees

Manager

Ended
Rosinda Michielsen

Director

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates21/09/2026
    ONTSLAGEN, BENOEMINGEN, WIJZIGING RECHTSVORM,
    PDF
  • Mandates01/08/2003
    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 2025-19,2 k €↓
  2. 2024
    Annual accounts 202438,1 k €↓
  3. 2023
    Annual accounts 202367,9 k €↓
  4. 2022
    Annual accounts 202276,2 k €↑
  5. 2021
    Annual accounts 202156,8 k €↓
  6. 2021
    Name changeEXPERTISEBUREAU VANHEES-MICHIELSEN & CO
  7. 2020
    Annual accounts 202078,1 k €↑
  8. 2019
    Annual accounts 201931,2 k €↓
  9. 2018
    Annual accounts 201834,8 k €↑
  10. 2017
    Annual accounts 201727,6 k €↑
  11. 2016
    Annual accounts 20166,1 k €↑
  12. 2015
    Annual accounts 2015-12,7 k €↓
  13. 2014
    Annual accounts 2014-3,2 k €↓
  14. 2013
    Annual accounts 201310,2 k €↓
  15. 2012
    Annual accounts 201217,4 k €↓
  16. 2011
    Annual accounts 201136,5 k €↑
  17. 2010
    Annual accounts 201020,2 k €↓
  18. 2009
    Annual accounts 200929,6 k €↓
  19. 2008
    Annual accounts 200832,2 k €↑
  20. 2007
    Annual accounts 200716 k €↓
  21. 2006
    Annual accounts 200625,2 k €
  22. 2006
    Name changeEXPERTISEBUREAU VANHEES-MICHIELSEN EN CO
  23. 23/07/1999
    IncorporationPrivate company with limited liability