ACTIVE

MIKE LUDWIG

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Financial year 2025 · closed on 31/12/2025
Net result
65,1 k €
+333.0% YoY
Gross margin
158,1 k €
+30.2% YoY
Equity
173,6 k €
+60.0% YoY

What does MIKE LUDWIG do?

MIKE LUDWIG is a Private limited company incorporated in 2021. Its main activity is: Joinery installation. Its registered office is in Raeren.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0774.898.554
Incorporation
01/10/2021
Legal form
Private limited company
Registered office
Wiesenweg 7
4730 Raeren · WallonieSee on map
Contributed capital
1 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
43320Joinery installation· main43320Joinery installation82300Organisation of conventions and trade shows82300Organisation of conventions and trade shows46150Agents involved in the sale of furniture, household goods, hardware and ironmongery46150Agents involved in the sale of furniture, household goods, hardware and ironmongery+6
Joint committees (1)
  • 126
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin158,1 k €121,4 k €146,9 k €127,7 k €
EBITDA145,2 k €80,5 k €89,6 k €107,9 k €
Operating result93,5 k €34,3 k €41,2 k €93,5 k €
Net result65,1 k €15 k €27,4 k €66,7 k €
Balance sheet
Equity173,6 k €108,5 k €93,5 k €66,9 k €
Total assets414,2 k €369,1 k €368,4 k €143,7 k €
Cash27,9 k €22,3 k €24,1 k €16,3 k €
Debts234,7 k €254 k €271,4 k €73,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active

Active mandates

Kathrin THIELEN

Director · since 01 octobre 2024

Active
Mike LUDWIG

Director · since 24 septembre 2021

Active
Annual accounts

Full financial information

2025202420232022
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202324/09/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months16 months
Filing date25/06/202616/05/202527/06/202411/05/2023
General meeting05/06/202623/04/202524/06/202425/04/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202505/06/202625/06/2026GermanPDF
Micro model31/12/202423/04/202516/05/2025GermanPDF
Micro model31/12/202324/06/202427/06/2024GermanPDF
Micro model31/12/202225/04/202311/05/2023GermanPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 2 active

Active mandates

Kathrin THIELEN

Director · since 01 octobre 2024

Active
Mike LUDWIG

Director · since 24 septembre 2021

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/11/2024
    Ernennung Mandat Verwalterin
    PDF
  • Other05/10/2021
    RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
    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. 2025
    Annual accounts 202565,1 k €↑
  2. 2024
    Annual accounts 202415 k €↓
  3. 2023
    Annual accounts 202327,4 k €↓
  4. 2022
    Annual accounts 202266,7 k €
  5. 01/10/2021
    IncorporationPrivate limited company