ACTIVE

DR. PATRICK MICHIELS

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Financial year 2025 · closed on 31/12/2025

Net result

79,5 k €

-15.8% YoY

Gross margin

151,3 k €

-12.8% YoY

Equity

404,9 k €

+1.7% YoY

What does DR. PATRICK MICHIELS do?

DR. PATRICK MICHIELS is a Private limited company incorporated in 2001. Its registered office is in Westerlo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.841.526

Incorporation

18/05/2001

Legal form

Private limited company

Registered office

Renderstraat 9
2260 Westerlo · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	151,3 k €	-12.8%	173,5 k €	+47.7%	117,5 k €	+16.6%	100,8 k €	-16.3%	120,5 k €	-11.1%	135,5 k €	-11.2%	152,6 k €	-3.8%	158,7 k €	+17.1%	135,5 k €	-12.3%	154,6 k €	+33.6%	115,7 k €	-64.3%	324,3 k €	-3.5%	336 k €	+57.5%	213,4 k €	-12.9%	245 k €	-21.7%	312,9 k €	-15.1%	368,6 k €	+14.3%	322,6 k €	+54.8%	208,3 k €	+5.9%	196,7 k €
EBITDA	147,3 k €	-13.0%	169,4 k €	+48.6%	114 k €	+16.5%	97,8 k €	-16.6%	117,3 k €	-10.1%	130,5 k €	-12.6%	149,3 k €	-4.1%	155,6 k €	+17.8%	132,1 k €	-12.5%	151 k €	+33.7%	113 k €	-64.8%	320,6 k €	-3.8%	333,2 k €	+58.1%	210,8 k €	-13.4%	243,4 k €	-20.5%	306,4 k €	-16.6%	367,5 k €	+14.3%	321,4 k €	+55.4%	206,9 k €	+6.0%	195,3 k €
Operating result	127,7 k €	-14.2%	148,8 k €	+59.9%	93,1 k €	+18.1%	78,8 k €	-16.0%	93,8 k €	-12.5%	107,2 k €	-14.5%	125,4 k €	-5.7%	133 k €	+21.9%	109,1 k €	-14.1%	126,9 k €	+44.0%	88,2 k €	-70.0%	293,8 k €	-2.0%	299,9 k €	+69.0%	177,5 k €	-20.5%	223,2 k €	-19.1%	276,1 k €	-18.5%	338,5 k €	+15.6%	292,7 k €	+64.9%	177,5 k €	+6.7%	166,4 k €
Net result	79,5 k €	-15.8%	94,4 k €	+63.5%	57,7 k €	+24.2%	46,4 k €	-17.1%	56 k €	-11.4%	63,2 k €	-12.1%	72 k €	+10.0%	65,4 k €	+40.2%	46,7 k €	+34.1%	34,8 k €	+393%	-11,9 k €	-113%	91,5 k €	-40.3%	153,3 k €	+58.6%	96,7 k €	-43.0%	169,6 k €	-6.2%	180,8 k €	-20.4%	227,2 k €	+16.6%	194,8 k €	+60.6%	121,3 k €	+7.1%	113,3 k €
Balance sheet
Equity	404,9 k €	+1.7%	398,3 k €	+7.8%	369,4 k €	+18.1%	312,7 k €	+17.1%	267 k €	+22.7%	217,6 k €	+40.2%	155,2 k €	+3.3%	150,2 k €	-7.7%	162,8 k €	+40.2%	116,1 k €	+42.8%	81,3 k €	-85.0%	543,2 k €	+20.3%	451,7 k €	+51.4%	298,4 k €	+47.9%	201,7 k €	+529%	32,1 k €	+125%	14,3 k €	0.0%	14,3 k €	0.0%	14,3 k €	0.0%	14,3 k €
Total assets	533,7 k €	+6.4%	501,8 k €	+1.3%	495,3 k €	+4.2%	475,4 k €	+3.2%	460,5 k €	+4.7%	439,9 k €	+2.3%	429,9 k €	-8.8%	471,2 k €	-11.6%	532,9 k €	+0.6%	529,7 k €	-1.6%	538,2 k €	-44.5%	969 k €	+8.3%	895 k €	+19.2%	750,8 k €	+7.4%	698,8 k €	+175%	253,7 k €	-29.4%	359,6 k €	+29.0%	278,8 k €	-3.5%	289 k €	-16.1%	344,3 k €
Cash	253,4 k €	+12.2%	225,9 k €	+31.6%	171,6 k €	-2.9%	176,7 k €	+6.0%	166,7 k €	+41.5%	117,8 k €	+113%	55,4 k €	-12.5%	63,3 k €	-32.9%	94,4 k €	+16.8%	80,8 k €	+66.4%	48,6 k €	-64.6%	137,2 k €	+96.3%	69,9 k €	+28.6%	54,3 k €	+47.6%	36,8 k €	-75.7%	151,5 k €	-13.4%	175 k €	+436%	32,7 k €	+148%	13,2 k €	-26.6%	18 k €
Debts	128,7 k €	+24.4%	103,5 k €	-17.8%	125,9 k €	-22.6%	162,7 k €	-15.9%	193,5 k €	-13.0%	222,3 k €	-19.1%	274,7 k €	-14.4%	321 k €	-13.3%	370,1 k €	-10.5%	413,5 k €	-9.5%	456,8 k €	+7.3%	425,8 k €	-3.9%	443,3 k €	-1.2%	448,8 k €	-9.1%	493,5 k €	+167%	185,1 k €	-46.4%	345,4 k €	+30.6%	264,5 k €	-3.7%	274,8 k €	-16.7%	330 k €

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 · 1 active · 6 ended

Active mandates

Patrick Michiels

Director

Active

Ended mandates

Patrick Michiels

Director · since 07 mai 2011 · until 07 mai 2031

Ended

Patrick Michiels

Manager · since 07 mai 2011 · until 06 mai 2021

Ended

Patrick Michiels

Manager · since 07 mai 2011 · until 07 mai 2021

Ended

Patrick Michiels

Manager · since 07 mai 2011 · until 07 mai 2031

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	20/07/2026	29/07/2025	24/07/2024	18/07/2023	24/07/2022	02/07/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
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	29/06/2026	20/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	29/07/2025	Dutch	PDF
Micro model	31/12/2023	24/06/2024	24/07/2024	Dutch	PDF
Micro model	31/12/2022	26/06/2023	18/07/2023	Dutch	PDF
Micro model	31/12/2021	27/06/2022	24/07/2022	Dutch	PDF
Micro model	31/12/2020	28/06/2021	02/07/2021	Dutch	PDF
Micro model	31/12/2019	29/06/2020	09/07/2020	Dutch	PDF
Micro model	31/12/2018	24/06/2019	04/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	02/08/2018	Dutch	PDF
Micro model	31/12/2016	26/06/2017	05/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	03/10/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	30/10/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	30/09/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	28/09/2007	Dutch	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 · 1 active · 6 ended

Active mandates

Patrick Michiels

Director

Active

Ended mandates

Patrick Michiels

Director · since 07 mai 2011 · until 07 mai 2031

Ended

Patrick Michiels

Manager · since 07 mai 2011 · until 06 mai 2021

Ended

Patrick Michiels

Manager · since 07 mai 2011 · until 07 mai 2021

Ended

Patrick Michiels

Manager · since 07 mai 2011 · until 07 mai 2031

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates11/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other14/09/2011
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202579,5 k €↓
2024
Annual accounts 202494,4 k €↑
2023
Annual accounts 202357,7 k €↑
2022
Annual accounts 202246,4 k €↓
2021
Annual accounts 202156 k €↓
2020
Annual accounts 202063,2 k €↓
2019
Annual accounts 201972 k €↑
2018
Annual accounts 201865,4 k €↑
2017
Annual accounts 201746,7 k €↑
2016
Annual accounts 201634,8 k €↑
2015
Annual accounts 2015-11,9 k €↓
2014
Annual accounts 201491,5 k €↓
2013
Annual accounts 2013153,3 k €↑
2012
Annual accounts 201296,7 k €↓
2011
Annual accounts 2011169,6 k €↓
2010
Annual accounts 2010180,8 k €↓
2009
Annual accounts 2009227,2 k €↑
2008
Annual accounts 2008194,8 k €↑
2007
Annual accounts 2007121,3 k €↑
2006
Annual accounts 2006113,3 k €
18/05/2001
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

DR. PATRICK MICHIELS

Overview

What does DR. PATRICK MICHIELS do?

Trend over 20 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