ACTIVE

Michigan

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Financial year 2024 · closed on 31/12/2024
Net result
32,4 k €
+25.0% YoY
Gross margin
712,9 k €
-57.3% YoY
Equity
76,4 k €
-13.6% YoY

What does Michigan do?

Michigan is a Private limited company incorporated in 2013. Its main activity is: Motion picture, video and television programme production activities. Its registered office is in Forest.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0502.496.721
Incorporation
15/01/2013
Legal form
Private limited company
Registered office
Ch de Neerstalle 24
1190 Forest · BruxellesSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2024
Activities (NACE)
59111Motion picture, video and television programme production activities· main59111Motion picture, video and television programme production activities59112Motion picture, video and television programme production activities59112Motion picture, video and television programme production activities59113Motion picture, video and television programme production activities59113Motion picture, video and television programme production activities+6
Contacts
2 public details availableLog in to view
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202420232022202120202019201820172016201520142013
Income statement
Gross margin712,9 k €1,7 M €343,7 k €224,1 k €92,2 k €71 k €3,5 k €8,8 k €8,5 k €78,5 k €-1,2 k €1,5 k €
EBITDA563,1 k €737,3 k €88,9 k €91,5 k €38,1 k €6,6 k €1,7 k €8,7 k €7,5 k €77,3 k €-2,2 k €1,2 k €
Operating result37,3 k €35,2 k €5,9 k €10,2 k €5,8 k €6,6 k €1,7 k €-964 €-2,2 k €-472 €-2,6 k €-230 €
Net result32,4 k €25,9 k €291,4 €6,5 k €4,5 k €6,2 k €1,7 k €-999 €-2,3 k €-873 €-2,9 k €-248 €
Balance sheet
Equity76,4 k €88,4 k €953 k €528,1 k €158,7 k €119,6 k €545 €-1,1 k €-150 €2,2 k €3,1 k €6 k €
Total assets2,4 M €2,4 M €1,1 M €650,1 k €184,5 k €133,6 k €1,2 k €2,5 k €12,1 k €22,6 k €202,3 k €8,2 k €
Cash105,3 k €73,9 k €42 k €9,5 k €5,3 k €4,3 k €–46 €123 €734 €2,5 k €451 €
Debts346,8 k €469,7 k €172,3 k €122 k €25,7 k €14 k €665 €3,7 k €12,2 k €20,5 k €199,3 k €2,2 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 31/12/2024 · 2 active

Active mandates

Olivier Burlet

Manager · since 15 janvier 2013

Active
Sébastien Andres

Manager · since 15 janvier 2013

Active
At this address

Other companies at this address

CompanyCBE no.
AFIA GROUP● Bankrupt
0548.942.497
Auguri Films● Active
0696.891.946
BILICO● Active
0766.952.967
Label architecture● Active
0544.901.161
Label Karbon● Active
1025.879.423
MICHIGAN FILMS● Active
0879.261.943
NAOKO FILMS ETC.● Active
0740.760.591
Annual accounts

Full financial information

202420232022202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/10/202525/10/202429/06/202319/07/202222/07/202124/08/2020
General meeting02/05/202502/05/202428/06/202302/06/202206/07/202118/08/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202402/05/202529/10/2025FrenchPDF
Micro model31/12/202302/05/202425/10/2024FrenchPDF
Micro model31/12/202228/06/202329/06/2023FrenchPDF
Micro model31/12/202102/06/202219/07/2022FrenchPDF
Micro model31/12/202006/07/202122/07/2021FrenchPDF
Micro model31/12/201918/08/202024/08/2020FrenchPDF
Micro model31/12/201830/07/201930/07/2019FrenchPDF
Micro model31/12/201702/05/201822/09/2018FrenchPDF
Micro model31/12/201602/05/201727/07/2017FrenchPDF
Abridged model31/12/201502/05/201605/10/2016FrenchPDF
Abridged model31/12/201402/05/201523/08/2015FrenchPDF
Abridged model31/12/201302/05/201415/09/2014FrenchPDF
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 31/12/2024 · 2 active

Active mandates

Olivier Burlet

Manager · since 15 janvier 2013

Active
Sébastien Andres

Manager · since 15 janvier 2013

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/02/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office17/07/2023
    SIEGE SOCIAL
    PDF
  • Other17/01/2013
    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

Timeline

  1. 2024
    Annual accounts 202432,4 k €↑
  2. 2023
    Annual accounts 202325,9 k €↑
  3. 2022
    Annual accounts 2022291,4 €↓
  4. 2021
    Annual accounts 20216,5 k €↑
  5. 2020
    Annual accounts 20204,5 k €↓
  6. 2019
    Annual accounts 20196,2 k €↑
  7. 2018
    Annual accounts 20181,7 k €↑
  8. 2017
    Annual accounts 2017-999 €↑
  9. 2016
    Annual accounts 2016-2,3 k €↓
  10. 2015
    Annual accounts 2015-873 €↑
  11. 2014
    Annual accounts 2014-2,9 k €↓
  12. 2013
    Annual accounts 2013-248 €
  13. 15/01/2013
    IncorporationPrivate limited company