ACTIVE

MICHEL DENAYER

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Financial year 2025 · closed on 30/04/2025

Net result

602,7 k €

-67.7% YoY

Gross margin

628,6 k €

-75.6% YoY

Equity

7,3 M €

+9.0% YoY

What does MICHEL DENAYER do?

MICHEL DENAYER is a Private limited company incorporated in 2003. Its registered office is in Rixensart.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.494.745

Incorporation

03/06/2003

Legal form

Private limited company

Registered office

Clos de la Brise 7
1330 Rixensart · WallonieSee on map

Contributed capital

30 000,00 €

Latest accounts

30/04/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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
Gross margin	628,6 k €	-75.6%	2,6 M €	+125%	1,1 M €	-12.4%	1,3 M €	+15.6%	1,1 M €	-1.4%	1,1 M €	+10.1%	1 M €	+13.4%	919,2 k €	+16.8%	786,8 k €	-8.9%	863,1 k €	+4.4%	826,4 k €	-13.9%	959,6 k €	-4.2%	1 M €	+25.2%	800 k €	-1.5%	812,4 k €	-1.8%	827,7 k €	+0.9%	820,3 k €	+40.4%	584,2 k €	+18.2%	494,4 k €
EBITDA	625,1 k €	-75.7%	2,6 M €	+125%	1,1 M €	-12.5%	1,3 M €	+15.6%	1,1 M €	-1.3%	1,1 M €	+10.4%	1 M €	+13.4%	914,5 k €	+17.3%	779,4 k €	-9.5%	860,8 k €	+5.2%	818,5 k €	-14.6%	957,9 k €	-4.2%	999,6 k €	+25.3%	797,5 k €	+7.9%	738,8 k €	-2.7%	759,2 k €	+0.2%	757,3 k €	+46.2%	518 k €	+31.4%	394,2 k €
Operating result	597,2 k €	-76.5%	2,5 M €	+124%	1,1 M €	-12.1%	1,3 M €	+15.7%	1,1 M €	-1.4%	1,1 M €	+11.7%	1 M €	+13.8%	892,2 k €	+16.2%	767,5 k €	-9.6%	848,9 k €	+6.4%	797,7 k €	-15.0%	939 k €	-4.2%	980,5 k €	+26.0%	778,1 k €	+8.1%	719,6 k €	-3.9%	748,8 k €	+0.7%	743,4 k €	+47.7%	503,2 k €	+32.1%	381 k €
Net result	602,7 k €	-67.7%	1,9 M €	+143%	767,6 k €	-11.3%	865,7 k €	+14.0%	759,1 k €	+4.3%	727,7 k €	+12.0%	649,8 k €	+22.0%	532,8 k €	+15.4%	461,6 k €	-19.8%	575,7 k €	+5.5%	545,8 k €	-12.8%	625,6 k €	-3.9%	650,7 k €	+26.2%	515,5 k €	+5.5%	488,5 k €	+0.8%	484,8 k €	+1.1%	479,7 k €	+46.7%	327 k €	+24.9%	261,7 k €
Balance sheet
Equity	7,3 M €	+9.0%	6,7 M €	+38.7%	4,8 M €	+5.9%	4,5 M €	-2.9%	4,7 M €	+19.4%	3,9 M €	+22.8%	3,2 M €	+25.6%	2,5 M €	+26.0%	2 M €	+29.7%	1,6 M €	-21.4%	2 M €	+2.4%	1,9 M €	+37.4%	1,4 M €	+86.0%	756,3 k €	+214%	240,8 k €	-4.5%	252,2 k €	-31.3%	367,4 k €	+95.7%	187,7 k €	+16.8%	160,8 k €
Total assets	9,2 M €	-5.1%	9,7 M €	+53.5%	6,3 M €	-3.8%	6,6 M €	+16.7%	5,6 M €	+4.1%	5,4 M €	+12.2%	4,8 M €	+14.2%	4,2 M €	+15.4%	3,7 M €	-11.4%	4,1 M €	+3.4%	4 M €	+13.1%	3,5 M €	+18.3%	3 M €	+27.4%	2,3 M €	+8.6%	2,2 M €	-0.2%	2,2 M €	+11.5%	1,9 M €	+27.2%	1,5 M €	-2.7%	1,6 M €
Cash	4,1 M €	-2.5%	4,2 M €	+111%	2 M €	-32.7%	2,9 M €	+39.8%	2,1 M €	+13.7%	1,9 M €	+21.4%	1,5 M €	+119%	695,2 k €	+101%	346,1 k €	-59.0%	843,4 k €	+14.5%	736,6 k €	+108%	354,4 k €	-68.7%	1,1 M €	+142%	467,8 k €	+40.1%	333,9 k €	-16.8%	401,3 k €	+54.4%	259,9 k €	-10.2%	289,6 k €	+1.6%	285,1 k €
Debts	51,2 k €	-73.1%	190,6 k €	-87.1%	1,5 M €	-26.0%	2 M €	+115%	930,6 k €	-2.4%	953,8 k €	+13.4%	841,4 k €	-5.4%	889,9 k €	+4.5%	851,2 k €	-52.5%	1,8 M €	+46.3%	1,2 M €	+51.6%	807,8 k €	+3.6%	779,4 k €	-1.3%	789,3 k €	-29.7%	1,1 M €	-4.6%	1,2 M €	+30.1%	904,1 k €	+22.8%	736,2 k €	-16.5%	882,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/04/2025 · 1 active · 1 ended

Active mandates

Michel DENAYER

Director

Active

Ended mandates

MICHEL DENAYER

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ELCOSUM● Active	1003.142.821

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/05/2024	01/05/2023	01/05/2022	01/05/2021	01/05/2020	01/05/2019
Closing of the financial year	30/04/2025	30/04/2024	30/04/2023	30/04/2022	30/04/2021	30/04/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/11/2025	04/10/2024	02/11/2023	07/10/2022	01/10/2021	13/10/2020
General meeting	03/10/2025	04/10/2024	06/10/2023	07/10/2022	01/10/2021	02/10/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/04/2025	03/10/2025	06/11/2025	French	PDF
Abridged model	30/04/2024	04/10/2024	04/10/2024	French	PDF
Abridged model	30/04/2023	06/10/2023	02/11/2023	French	PDF
Abridged model	30/04/2022	07/10/2022	07/10/2022	French	PDF
Abridged model	30/04/2021	01/10/2021	01/10/2021	French	PDF
Abridged model	30/04/2020	02/10/2020	13/10/2020	French	PDF
Abridged model	30/04/2019	04/10/2019	08/11/2019	French	PDF
Abridged model	30/04/2018	05/10/2018	23/10/2018	French	PDF
Abridged model	30/04/2017	06/10/2017	10/10/2017	French	PDF
Abridged model	30/04/2016	07/10/2016	15/12/2016	French	PDF
Abridged model	30/04/2015	29/10/2015	29/10/2015	French	PDF
Abridged model	30/04/2014	03/10/2014	20/10/2014	French	PDF
Abridged model	30/04/2013	04/10/2013	23/10/2013	French	PDF
Abridged model	30/04/2012	05/10/2012	21/11/2012	French	PDF
Abridged model	30/04/2011	07/10/2011	19/10/2011	French	PDF
Abridged model	30/04/2010	01/10/2010	28/10/2010	French	PDF
Abridged model	30/04/2009	02/10/2009	25/10/2009	French	PDF
Abridged model	30/04/2008	03/10/2008	31/10/2008	French	PDF
Abridged model	30/04/2007	05/10/2007	12/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 30/04/2025 · 1 active · 1 ended

Active mandates

Michel DENAYER

Director

Active

Ended mandates

MICHEL DENAYER

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/11/2023
MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office29/11/2007
Transfert du siège social.
PDF
Capital / shares10/10/2003
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other12/06/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025602,7 k €↓
2024
Annual accounts 20241,9 M €↑
2023
Annual accounts 2023767,6 k €↓
2022
Annual accounts 2022865,7 k €↑
2021
Annual accounts 2021759,1 k €↑
2020
Annual accounts 2020727,7 k €↑
2019
Annual accounts 2019649,8 k €↑
2018
Annual accounts 2018532,8 k €↑
2017
Annual accounts 2017461,6 k €↓
2016
Annual accounts 2016575,7 k €↑
2015
Annual accounts 2015545,8 k €↓
2014
Annual accounts 2014625,6 k €↓
2013
Annual accounts 2013650,7 k €↑
2012
Annual accounts 2012515,5 k €↑
2011
Annual accounts 2011488,5 k €↑
2010
Annual accounts 2010484,8 k €↑
2009
Annual accounts 2009479,7 k €↑
2008
Annual accounts 2008327 k €↑
2007
Annual accounts 2007261,7 k €
03/06/2003
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

MICHEL DENAYER

Overview

What does MICHEL DENAYER 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