ACTIVE

Piping & Process Solutions

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Financial year 2025 · closed on 30/06/2025

Net result

308,5 k €

+23.1% YoY

Gross margin

1 M €

+26.4% YoY

Equity

1,6 M €

+23.2% YoY

Workforce

8,3 ETP

+15.3% YoY

What does Piping & Process Solutions do?

Piping & Process Solutions is a Private limited company incorporated in 2011. Its registered office is in Lummen. It employs on average 8,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0832.689.570

Incorporation

11/01/2011

Legal form

Private limited company

Registered office

Larenstraat 90
3560 Lummen · FlandreSee on map

Contributed capital

22 000,00 €

Latest accounts

30/06/2025

Average workforce

8,3 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	1 M €	+26.4%	793,4 k €	+10.8%	716,2 k €	-31.1%	1 M €	+26.3%	823,4 k €	+53.4%	536,7 k €	+2.9%	521,4 k €	+8.7%	479,9 k €	+0.9%	475,5 k €	+19.4%	398,2 k €	-12.1%	453,2 k €	+9.7%	413 k €	-12.9%	474,3 k €	+14.8%	413,2 k €
EBITDA	483,4 k €	+37.1%	352,7 k €	+23.7%	285 k €	-55.6%	642,6 k €	+106%	312,6 k €	+129%	136,4 k €	-7.5%	147,5 k €	+60.4%	91,9 k €	-20.2%	115,2 k €	+226%	35,4 k €	-7.2%	38,1 k €	-31.8%	55,9 k €	-56.2%	127,7 k €	+54.8%	82,5 k €
Operating result	424,7 k €	+4.0%	408,4 k €	+29.9%	314,4 k €	-37.7%	504,9 k €	+91.3%	264 k €	+159%	101,7 k €	-14.6%	119,2 k €	+118%	54,7 k €	-33.5%	82,2 k €	+1591%	4,9 k €	-59.1%	11,9 k €	-65.4%	34,4 k €	-71.0%	118,5 k €	+61.1%	73,5 k €
Net result	308,5 k €	+23.1%	250,5 k €	+15.9%	216,1 k €	-41.2%	367,5 k €	+73.5%	211,8 k €	+178%	76,1 k €	-8.7%	83,4 k €	+99.1%	41,9 k €	-45.0%	76,2 k €	+6758%	1,1 k €	-71.6%	3,9 k €	-80.9%	20,5 k €	-72.3%	74 k €	+62.9%	45,4 k €
Balance sheet
Equity	1,6 M €	+23.2%	1,3 M €	+23.2%	1,1 M €	+25.1%	861,7 k €	+70.9%	504,2 k €	+61.4%	312,4 k €	+32.2%	236,3 k €	+54.5%	152,9 k €	+16.7%	131 k €	+9.3%	119,9 k €	+0.9%	118,7 k €	+3.4%	114,8 k €	+0.4%	114,3 k €	+74.9%	65,4 k €
Total assets	2,5 M €	+0.0%	2,5 M €	+6.3%	2,4 M €	+50.1%	1,6 M €	+2.5%	1,5 M €	+12.2%	1,4 M €	+37.1%	992,8 k €	+40.0%	708,9 k €	+7.9%	657,3 k €	+21.4%	541,6 k €	+20.8%	448,3 k €	-12.9%	514,9 k €	-0.4%	516,9 k €	+61.2%	320,6 k €
Cash	973,9 k €	-11.9%	1,1 M €	+64.9%	670,6 k €	+22.2%	548,6 k €	-24.3%	724,8 k €	+60.1%	452,7 k €	+18.3%	382,8 k €	-4.1%	399,1 k €	+136%	168,8 k €	-21.3%	214,5 k €	+174%	78,2 k €	-48.7%	152,3 k €	-30.5%	219,2 k €	+18.0%	185,8 k €
Debts	860,9 k €	-26.4%	1,2 M €	-1.4%	1,2 M €	+118%	543,8 k €	-37.9%	875,6 k €	-11.1%	985,3 k €	+46.7%	671,8 k €	+42.6%	471,1 k €	+0.0%	470,9 k €	+11.7%	421,7 k €	+28.5%	328,1 k €	-18.0%	400,1 k €	-0.6%	402,6 k €	+58.6%	253,9 k €
Other
Workforce	8,3 ETP	+15.3%	7,2 ETP	-6.5%	7,7 ETP	+5.5%	7,3 ETP	-1.4%	7,4 ETP	0.0%	7,4 ETP	+7.2%	6,9 ETP	+4.5%	6,6 ETP		–		7,0 ETP	0.0%	7,0 ETP	+16.7%	6,0 ETP	0.0%	6,0 ETP	-14.3%	7,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 3 ended

Active mandates

WENDY MAES

Director · since 07 novembre 2024

Active

JAN MICHIELS

Director · since 07 novembre 2023

Active

Ended mandates

Jan MICHIELS

Director · since 11 janvier 2011

Ended

Jan MICHIELS

Manager · since 11 janvier 2011

Ended

Raf PAUWELS

Manager · since 11 janvier 2011 · until 18 octobre 2012

Ended

At this address

Other companies at this address

Company	CBE no.
Landelijke Rijvereniging 't Ros Beyaert Lummen● Active	0416.457.820
Michiels Projects & Management● Active	0832.444.694

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/01/2026	15/01/2025	31/01/2024	31/01/2023	31/01/2022	28/01/2021
General meeting	28/11/2025	23/11/2024	24/11/2023	25/11/2022	26/11/2021	27/11/2020
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	28/11/2025	22/01/2026	Dutch	PDF
Abridged model	30/06/2024	23/11/2024	15/01/2025	Dutch	PDF
Abridged model	30/06/2023	24/11/2023	31/01/2024	Dutch	PDF
Abridged model	30/06/2022	25/11/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	26/11/2021	31/01/2022	Dutch	PDF
Abridged model	30/06/2020	27/11/2020	28/01/2021	Dutch	PDF
Abridged model	30/06/2019	20/12/2019	31/01/2020	Dutch	PDF
Abridged model	30/06/2018	30/11/2018	15/01/2019	Dutch	PDF
Micro model	30/06/2017	24/11/2017	15/01/2018	Dutch	PDF
Abridged model	30/06/2016	25/11/2016	16/01/2017	Dutch	PDF
Abridged model	30/06/2015	27/11/2015	15/01/2016	Dutch	PDF
Abridged model	30/06/2014	28/11/2014	15/01/2015	Dutch	PDF
Abridged model	30/06/2013	29/11/2013	30/01/2014	Dutch	PDF
Abridged model	30/06/2012	30/11/2012	30/01/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/06/2025 · 2 active · 3 ended

Active mandates

WENDY MAES

Director · since 07 novembre 2024

Active

JAN MICHIELS

Director · since 07 novembre 2023

Active

Ended mandates

Jan MICHIELS

Director · since 11 janvier 2011

Ended

Jan MICHIELS

Manager · since 11 janvier 2011

Ended

Raf PAUWELS

Manager · since 11 janvier 2011 · until 18 octobre 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/10/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/11/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other13/01/2011
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

2025
Annual accounts 2025308,5 k €↑
2024
Annual accounts 2024250,5 k €↑
2024
Name changePIPING & PROCESS SOLUTIONS
2023
Annual accounts 2023216,1 k €↓
2022
Annual accounts 2022367,5 k €↑
2022
Name changePiping & Process Services
2021
Annual accounts 2021211,8 k €↑
2020
Annual accounts 202076,1 k €↓
2019
Annual accounts 201983,4 k €↑
2018
Annual accounts 201841,9 k €↓
2017
Annual accounts 201776,2 k €↑
2016
Annual accounts 20161,1 k €↓
2015
Annual accounts 20153,9 k €↓
2014
Annual accounts 201420,5 k €↓
2013
Annual accounts 201374 k €↑
2012
Annual accounts 201245,4 k €
11/01/2011
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

Piping & Process Solutions

Overview

What does Piping & Process Solutions do?

Trend over 14 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