ACTIVE

Hermans Michel Sanitair

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Financial year 2025 · Closed on 31/12/2025

Net result104,7 k €+19,7 %over 1 year
Gross margin219,1 k €-9,8 %over 1 year
Equity1,1 M €+11,1 %over 1 year
Workforce0,8 ETP-55,6 %over 1 year

Identity

Source · BCE/KBO

Hermans Michel Sanitair is a Private limited company incorporated in 2011. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Tongeren-Borgloon. It employs on average 0,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0842.068.579
Incorporation
23/12/2011
Legal form
Private limited company
Registered office
Luikersteenweg 11
3700 Tongeren-Borgloon · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Average workforce
0,8 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 14 filings

Trend over 14 financial years

20252024202320222021
Income statement
Gross margin219,1 k €242,9 k €221,6 k €245,2 k €289,6 k €
EBITDA163,1 k €134,1 k €65,4 k €93 k €151,5 k €
Operating result143 k €116,2 k €41,2 k €60,8 k €124,4 k €
Net result104,7 k €87,4 k €32,8 k €47,7 k €92,9 k €
Balance sheet
Equity1,1 M €947 k €859,5 k €826,7 k €779 k €
Total assets1,1 M €958,9 k €873,6 k €849,1 k €796,7 k €
Cash588,4 k €484,8 k €435,9 k €396,1 k €473,9 k €
Debts12,8 k €11,9 k €14,1 k €22,4 k €17,6 k €
Other
Workforce0,8 ETP1,8 ETP2,8 ETP2,8 ETP2,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

Michel Hermans

Director

Active

Ended mandates

Michel Hermans

Administrator - manager

Ended
Michel Hermans

Manager

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date24/08/202622/08/202521/08/202429/08/202316/08/202227/08/2021
General meeting31/07/202631/07/202531/07/202431/07/202322/07/202231/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202531/07/202624/08/2026DutchPDF
Abridged model31/12/202431/07/202522/08/2025DutchPDF
Abridged model31/12/202331/07/202421/08/2024DutchPDF
Abridged model31/12/202231/07/202329/08/2023DutchPDF
Abridged model31/12/202122/07/202216/08/2022DutchPDF
Abridged model31/12/202031/07/202127/08/2021DutchPDF
Abridged model31/12/201919/06/202017/07/2020DutchPDF
Abridged model31/12/201828/06/201923/08/2019DutchPDF
Abridged model31/12/201729/06/201817/08/2018DutchPDF
Abridged model31/12/201630/06/201723/08/2017DutchPDF
Abridged model31/12/201524/06/201629/07/2016DutchPDF
Abridged model31/12/201426/06/201524/08/2015DutchPDF
Abridged model31/12/201327/06/201425/08/2014DutchPDF
Abridged model31/12/201221/06/201330/07/2013DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

Michel Hermans

Director

Active

Ended mandates

Michel Hermans

Administrator - manager

Ended
Michel Hermans

Manager

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/09/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/12/2011
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 2025104,7 k €↑
  2. 2025
    Name changeHermans Michel Sanitair
  3. 2024
    Annual accounts 202487,4 k €↑
  4. 2023
    Annual accounts 202332,8 k €↓
  5. 2022
    Annual accounts 202247,7 k €↓
  6. 2021
    Annual accounts 202192,9 k €↓
  7. 2021
    Name changeHermans Michel
  8. 2020
    Annual accounts 2020129,8 k €↑
  9. 2019
    Annual accounts 201972,5 k €↓
  10. 2018
    Annual accounts 201897,1 k €↑
  11. 2017
    Annual accounts 201780,7 k €↑
  12. 2016
    Annual accounts 201672,3 k €↓
  13. 2015
    Annual accounts 201577,5 k €↑
  14. 2014
    Annual accounts 201458,7 k €↑
  15. 2013
    Annual accounts 201345,4 k €↓
  16. 2012
    Annual accounts 201245,9 k €
  17. 23/12/2011
    IncorporationPrivate limited company