ACTIVE

MICHIELS H SERVICES

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Financial year 2025 · Closed on 31/12/2025

Net result175,4 k €-45,8 %over 1 year

Gross margin408,3 k €-26,4 %over 1 year

Equity6 M €+3,0 %over 1 year

Workforce0,5 ETP

Identity

Source · BCE/KBO

MICHIELS H SERVICES is a Public limited company incorporated in 2005. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Heist-op-den-Berg. It employs on average 0,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0876.125.378
Incorporation: 19/09/2005
Legal form: Public limited company
Registered office: Koppenstraat 2
2221 Heist-op-den-Berg · FlandreSee on map
Contributed capital: 4 628 650,00 €
Latest accounts: 31/12/2025
Average workforce: 0,5 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 71210Technical testing and analysis 95311Repair of computers and personal and household goods 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate+8

Joint committees (3)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	408,3 k €	-26.4%	554,6 k €	+74.5%	317,8 k €	+2.5%	310,1 k €	+35.0%	229,6 k €
EBITDA	336,1 k €	-37.1%	534,4 k €	+79.3%	298 k €	+6.0%	281,3 k €	+46.5%	192 k €
Operating result	262,3 k €	-43.8%	466,6 k €	+93.2%	241,6 k €	+64.3%	147 k €	+38.3%	106,3 k €
Net result	175,4 k €	-45.8%	323,7 k €	+93.6%	167,2 k €	+67.1%	100,1 k €	+25.1%	80 k €
Balance sheet
Equity	6 M €	+3.0%	5,8 M €	+5.9%	5,5 M €	+3.1%	5,3 M €	+1.9%	5,2 M €
Total assets	6,8 M €	-1.4%	6,9 M €	+1.5%	6,8 M €	-0.7%	6,9 M €	+11.8%	6,2 M €
Cash	200,3 k €	-14.7%	234,6 k €	+133%	100,5 k €	+7.3%	93,7 k €	+189%	32,4 k €
Debts	787,4 k €	-25.6%	1,1 M €	-19.9%	1,3 M €	-15.9%	1,6 M €	+66.2%	945,6 k €
Other
Workforce	0,5 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

4 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Els Michiels	Director15/12/2021 → 15/12/2027
Herman Michiels	Managing director31/08/2005 → 15/12/2027
Isabelle Michiels	Director15/12/2021 → 15/12/2027Chairman of the board of directors19/02/2020 → 2020 accountsended
Philip Michiels	Director15/12/2021 → 15/12/2027Chairman of the board of directors31/08/2005 → 2020 accountsended

Other companies at this address

Koppenstraat 2 2221 Heist-op-den-Berg

Company	CBE no.
DE VREES● Active	0883.903.095
IMMIC● Active	0891.616.080
Melaet● Active	0648.911.786

Full financial information

Source · NBB

	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	01/01/2025	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	30/09/2026	29/08/2025	28/08/2024	28/06/2023	28/06/2022	31/08/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	30/05/2023	30/05/2022	31/05/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/05/2026	30/09/2026	Dutch	PDF
Abridged model	31/12/2024	26/05/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	28/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/05/2023	28/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/05/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	31/08/2021	Dutch	PDF
Full model	31/12/2019	25/05/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	27/05/2019	20/06/2019	Dutch	PDF
Full model	31/12/2017	28/05/2018	26/06/2018	Dutch	PDF
Full model	31/12/2016	29/05/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	26/05/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	29/05/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	22/06/2007	Dutch	PDF

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

4 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Els Michiels	Director15/12/2021 → 15/12/2027
Herman Michiels	Managing director31/08/2005 → 15/12/2027
Isabelle Michiels	Director15/12/2021 → 15/12/2027Chairman of the board of directors19/02/2020 → 2020 accountsended
Philip Michiels	Director15/12/2021 → 15/12/2027Chairman of the board of directors31/08/2005 → 2020 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring05/07/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring19/04/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates22/09/2020
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/03/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/12/2011
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

Filings20 filings

Mandates

Herman Michiels

Isabelle Michiels

Philip Michiels

Els Michiels

20052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

MICHIELS H SERVICES

Koppenstraat 2, 2221 Booischot

Managing director

Director

DirectorChairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Koppenstraat 2, 2221 BooischotCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00542581

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MICHIELS H SERVICESCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00542581

Events

2025
Annual accounts 2025175,4 k €↓
2024
Annual accounts 2024323,7 k €↑
2023
Annual accounts 2023167,2 k €↑
2022
Annual accounts 2022100,1 k €↑
2021
Annual accounts 202180 k €↑
2020
Annual accounts 202021,3 k €↑
2019
Annual accounts 2019-24 k €↓
2018
Annual accounts 2018-711,7 €↑
2017
Annual accounts 2017-23,7 k €↓
2016
Annual accounts 20163,7 k €↑
2015
Annual accounts 2015-6,8 k €↓
2014
Annual accounts 20143 k €↓
2013
Annual accounts 201316,8 k €↓
2012
Annual accounts 201258,9 k €↓
2011
Annual accounts 2011117,1 k €↑
2010
Annual accounts 201068,6 k €↑
2009
Annual accounts 200934,2 k €↑
2008
Annual accounts 200811,4 k €↓
2007
Annual accounts 200716,9 k €↓
2006
Annual accounts 200659,2 k €
19/09/2005
IncorporationPublic limited company

MICHIELS H SERVICES

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