ACTIVE

MICHIELS CONSTRUCT

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Financial year 2025 · closed on 31/12/2025
Net result
54,2 k €
+51.8% YoY
Gross margin
97,6 k €
+28.6% YoY
Equity
327,9 k €
+19.8% YoY

What does MICHIELS CONSTRUCT do?

MICHIELS CONSTRUCT is a Private limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Merelbeke-Melle.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0806.867.873
Incorporation
06/10/2008
Legal form
Private limited company
Registered office
Poelstraat 137
9820 Merelbeke-Melle · FlandreSee on map
Contributed capital
12 042,13 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities68201Rental and operating of own or leased real estate68201Rental and operating of own or leased real estate82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320212018201720162015201420132012201120102009
Income statement
Gross margin97,6 k €75,9 k €56,3 k €363,4 k €166,8 k €125,2 k €63,8 k €55,5 k €42,4 k €39,6 k €54,3 k €44,3 k €29 k €29,9 k €
EBITDA92,9 k €71,8 k €50,4 k €257,1 k €125 k €86,5 k €58,9 k €51 k €42,3 k €39,5 k €54,1 k €44,2 k €28,8 k €24,6 k €
Operating result79,6 k €57,1 k €39,2 k €164,6 k €49,3 k €50,4 k €18,5 k €22,2 k €13,8 k €25,2 k €37,6 k €21,9 k €10,7 k €2 k €
Net result54,2 k €35,7 k €26,3 k €126,4 k €30,2 k €28,1 k €7,2 k €10,7 k €9,5 k €17,9 k €1,6 k €12,4 k €6,4 k €-4,5 k €
Balance sheet
Equity327,9 k €273,7 k €257,5 k €319,5 k €138 k €107,8 k €79,8 k €72,6 k €61,8 k €52,3 k €34,4 k €32,9 k €20,5 k €14 k €
Total assets486,3 k €444,2 k €464,9 k €1,2 M €1,2 M €818,2 k €499,6 k €472,9 k €497,7 k €122,9 k €115 k €147,3 k €103,1 k €127,4 k €
Cash7 k €10,4 k €7,8 k €65,4 k €265,1 k €50,8 k €9,6 k €5,8 k €11,5 k €40,7 k €38,6 k €45,7 k €33,5 k €30 k €
Debts157,2 k €170,6 k €207,4 k €916,8 k €1,1 M €710,4 k €419,8 k €400,4 k €431,2 k €70,6 k €80,6 k €114,4 k €82,6 k €113,3 k €
Other
Workforce–––2,2 ETP1,0 ETP1,0 ETP––––––––
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 · 1 active · 6 ended

Active mandates

Alain Michiels

Director · since 27 novembre 2022

Active

Ended mandates

Delphine WULBRECHT

Manager · since 06 octobre 2008 · until 06 septembre 2018

Ended
Alain Michiels

Director · since 03 octobre 2008

Ended
ALAIN MICHIELS

Manager · since 03 octobre 2008

Ended
DELPHINE WULBRECHT

Manager · since 03 octobre 2008

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202628/07/202530/08/202431/08/202325/07/202227/08/2021
General meeting28/08/202625/07/202528/08/202428/08/202330/06/202229/06/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202528/08/202631/08/2026DutchPDF
Abridged model31/12/202425/07/202528/07/2025DutchPDF
Abridged model31/12/202328/08/202430/08/2024DutchPDF
Abridged model31/12/202228/08/202331/08/2023DutchPDF
Abridged model31/12/202130/06/202225/07/2022DutchPDF
Micro model31/12/202029/06/202127/08/2021DutchPDF
Micro model31/12/201929/06/202028/07/2020DutchPDF
Abridged model31/12/201809/03/201930/07/2019DutchPDF
Abridged model31/12/201730/06/201830/08/2018DutchPDF
Abridged model31/12/201630/06/201730/08/2017DutchPDF
Abridged model31/12/201530/06/201630/08/2016DutchPDF
Abridged model31/12/201430/06/201528/08/2015DutchPDF
Abridged model31/12/201330/06/201429/08/2014DutchPDF
Abridged model31/12/201230/06/201308/07/2013DutchPDF
Abridged model31/12/201130/06/201205/07/2012DutchPDF
Abridged model31/12/201030/08/201130/08/2011DutchPDF
Abridged model31/12/200929/05/201031/03/2011DutchPDF
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 · 1 active · 6 ended

Active mandates

Alain Michiels

Director · since 27 novembre 2022

Active

Ended mandates

Delphine WULBRECHT

Manager · since 06 octobre 2008 · until 06 septembre 2018

Ended
Alain Michiels

Director · since 03 octobre 2008

Ended
ALAIN MICHIELS

Manager · since 03 octobre 2008

Ended
DELPHINE WULBRECHT

Manager · since 03 octobre 2008

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring09/12/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring15/09/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates30/04/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office22/01/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other02/01/2014
    BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other08/10/2008
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202554,2 k €↑
  2. 2024
    Annual accounts 202435,7 k €↑
  3. 2023
    Annual accounts 202326,3 k €↓
  4. 2023
    Name changeMichiels Construct
  5. 2021
    Annual accounts 2021126,4 k €↑
  6. 2021
    Name changeTrailerservice Michiels
  7. 2018
    Annual accounts 201830,2 k €↑
  8. 2017
    Annual accounts 201728,1 k €↑
  9. 2016
    Annual accounts 20167,2 k €↓
  10. 2015
    Annual accounts 201510,7 k €↑
  11. 2014
    Annual accounts 20149,5 k €↓
  12. 2013
    Annual accounts 201317,9 k €↑
  13. 2012
    Annual accounts 20121,6 k €↓
  14. 2011
    Annual accounts 201112,4 k €↑
  15. 2010
    Annual accounts 20106,4 k €↑
  16. 2009
    Annual accounts 2009-4,5 k €
  17. 06/10/2008
    IncorporationPrivate limited company