ACTIVE

MICHIEL

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Financial year 2025 · Closed on 31/12/2025

Net result387,6 k €+129,3 %over 1 year

Gross margin-48,2 k €-137,7 %over 1 year

Equity79,2 M €+0,5 %over 1 year

Identity

Source · BCE/KBO

MICHIEL is a Public utility foundation incorporated in 2016. Its registered office is in Vorselaar.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0667.918.343
Incorporation: 20/12/2016
Legal form: Public utility foundation
Registered office: Markt 19
2290 Vorselaar · FlandreSee on map
Latest accounts: 31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 9 filings

Trend over 9 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-48,2 k €	-138%	127,8 k €	-67.5%	393,3 k €	+12.0%	351,2 k €	+1218%	26,6 k €
EBITDA	-1,8 M €	-6.7%	-1,6 M €	-10.1%	-1,5 M €	-4.3%	-1,4 M €	-76.9%	-807,1 k €
Operating result	-2,8 M €	+4.6%	-2,9 M €	-6.3%	-2,8 M €	-4.9%	-2,6 M €	-30.6%	-2 M €
Net result	387,6 k €	+129%	-1,3 M €	-20.6%	-1,1 M €	+78.4%	-5,1 M €	-197%	-1,7 M €
Balance sheet
Equity	79,2 M €	+0.5%	78,8 M €	-1.6%	80,2 M €	-1.3%	81,3 M €	-5.9%	86,3 M €
Total assets	79,4 M €	+0.0%	79,4 M €	-1.9%	80,9 M €	-1.0%	81,8 M €	-5.3%	86,4 M €
Cash	752,7 k €	+83.5%	410,2 k €	-46.1%	761,1 k €	-89.0%	6,9 M €	-23.5%	9 M €
Debts	60,7 k €	+3.2%	58,8 k €	-31.1%	85,2 k €	-55.6%	191,9 k €	+232%	57,8 k €
Other
Workforce	–		–		0,0 ETP		0,0 ETP	-100%	1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Frank Morlion	MandateDirector01/01/2018 → 2020 accountsended
Maria Hendrickx	MandateChairman of the board of directors01/01/2018 → 2020 accountsendedDirector20/12/2016 → 31/12/2017ended
Steven Goetschalckx	MandateDirector01/01/2018 → 2020 accountsended
Maria Serneels	MandateDirector20/12/2016 → 31/12/2017ended
Theresia Vorsselmans	MandateDirector20/12/2016 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Aloïs Van Den Bossche	Managing director01/01/2018 → 2020 accounts
Catherine De Bie	Director01/01/2018 → 2020 accounts

Other companies at this address

Markt 19 2290 Vorselaar

Company	CBE no.
Donchecentrum● Liquidation	0428.771.276
Donchestichting● Active	0875.835.863
ONDERWIJSINRICHTINGEN ZUSTERS DER CHRISTELIJKE SCHOLEN-KOEPEL● Active	0864.945.337
OZCS Maatschap Onderwijs● Active	0762.470.082
OZCS Scholengroep● Active	0737.999.853
Zusters der Christelijke Scholen - hulpfonds● Active	0438.815.924
Zusters der Christelijke Scholen Vorselaar● Active	0411.062.838

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	25/02/2026	26/06/2025	05/06/2024	24/05/2023	22/06/2022	31/05/2021
General meeting	19/02/2026	12/06/2025	30/05/2024	11/05/2023	19/05/2022	27/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 9 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/02/2026	25/02/2026	Dutch	PDF
Abridged model	31/12/2024	12/06/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	30/05/2024	05/06/2024	Dutch	PDF
Abridged model	31/12/2022	11/05/2023	24/05/2023	Dutch	PDF
Abridged model	31/12/2021	19/05/2022	22/06/2022	Dutch	PDF
Full model	31/12/2020	27/05/2021	31/05/2021	Dutch	PDF
Full model	31/12/2019	04/06/2020	18/06/2020	Dutch	PDF
Full model	31/12/2018	18/06/2019	27/06/2019	Dutch	PDF
Full model	31/12/2017	26/06/2018	03/07/2018	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Frank Morlion	MandateDirector01/01/2018 → 2020 accountsended
Maria Hendrickx	MandateChairman of the board of directors01/01/2018 → 2020 accountsendedDirector20/12/2016 → 31/12/2017ended
Steven Goetschalckx	MandateDirector01/01/2018 → 2020 accountsended
Maria Serneels	MandateDirector20/12/2016 → 31/12/2017ended
Theresia Vorsselmans	MandateDirector20/12/2016 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Aloïs Van Den Bossche	Managing director01/01/2018 → 2020 accounts
Catherine De Bie	Director01/01/2018 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other26/05/2026
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates30/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2018
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings9 filings

Mandates

Theresia Vorsselmans

Frank Morlion

Steven Goetschalckx

Maria Serneels

Maria Hendrickx

Aloïs Van Den Bossche

Magda Sels

Catherine De Bie

Suzanne Beeckmans

Theresia Bogaerts

Julia Slegers

Hermine Verstrepen

Show the 3 other mandates

20162017201820192020202120222023202420252026

MICHIEL

Markt 19, 2290 Vorselaar

Director

Chairman of the board of directors

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Markt 19, 2290 VorselaarCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00043525

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MICHIELCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00043525

Events

01/01/2026
nominationMaria Serneels · voorzitter
01/01/2026
nominationTheresia Vorsselmans · financieel gedelegeerde
01/01/2026
nominationAlbert Coenen · algemeen directeur
2025
Annual accounts 2025387,6 k €↑
2024
Annual accounts 2024-1,3 M €↓
2023
Annual accounts 2023-1,1 M €↑
2022
Annual accounts 2022-5,1 M €↓
2021
Annual accounts 2021-1,7 M €↓
2020
Annual accounts 2020-321,6 k €↓
2019
Annual accounts 20192,4 M €↑
2018
Annual accounts 2018-2,5 M €↓
2017
Annual accounts 2017-1,4 M €
20/12/2016
IncorporationPublic utility foundation

MICHIEL

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events