ACTIVE

MICHIELS BORINGEN

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Financial year 2025 · closed on 30/09/2025

Net result

65 k €

-56.1% YoY

Gross margin

585,2 k €

-5.5% YoY

Equity

457,3 k €

+6.4% YoY

Workforce

2,2 ETP

+15.8% YoY

What does MICHIELS BORINGEN do?

MICHIELS BORINGEN is a Private company with limited liability incorporated in 2007. Its main activity is: Test drilling and boring. Its registered office is in Bilzen-Hoeselt. It employs on average 2,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.912.147

Incorporation

06/06/2007

Legal form

Private company with limited liability

Registered office

Katteveldstraat 23 box C
3730 Bilzen-Hoeselt · FlandreSee on map

Contributed capital

12 500,00 €

Latest accounts

30/09/2025

Average workforce

2,2 ETP

Activities (NACE)

43130Test drilling and boring· main 43130Test drilling and boring 45120Sale of motor vehicles

Joint committees (1)

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 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	585,2 k €	-5.5%	619 k €	+19.0%	520,3 k €	+10.6%	470,5 k €	+23.1%	382,2 k €	-7.0%	411,2 k €	+18.1%	348,2 k €	-7.4%	376 k €	+3.2%	364,5 k €	+2.9%	354,2 k €	-8.6%	387,6 k €	+72.5%	224,7 k €	+78.9%	125,6 k €	-18.5%	154,1 k €	-14.9%	181,2 k €	+5.1%	172,5 k €	+3.3%	167 k €	+72.0%	97,1 k €
EBITDA	345,2 k €	-24.6%	457,7 k €	+43.8%	318,2 k €	+24.9%	254,9 k €	+70.4%	149,5 k €	-12.5%	171 k €	+12.4%	152,1 k €	+32.6%	114,7 k €	+4.5%	109,7 k €	+28.6%	85,4 k €	-32.7%	126,9 k €	+108%	61,1 k €	+44.0%	42,4 k €	-30.4%	61 k €	-14.8%	71,6 k €	-13.7%	83 k €	-4.5%	86,9 k €	+16.1%	74,9 k €
Operating result	115,8 k €	-48.3%	223,9 k €	+70.6%	131,2 k €	+55.8%	84,3 k €	+29.3%	65,2 k €	-36.3%	102,3 k €	+68.4%	60,8 k €	+19.7%	50,8 k €	-24.3%	67,1 k €	+41.2%	47,5 k €	-48.7%	92,7 k €	+243%	27 k €	+137%	11,4 k €	-47.6%	21,8 k €	+53.1%	14,2 k €	-35.9%	22,2 k €	-9.2%	24,4 k €	-21.2%	31 k €
Net result	65 k €	-56.1%	147,9 k €	+95.0%	75,9 k €	+34.5%	56,4 k €	+69.8%	33,2 k €	-47.3%	63 k €	+67.9%	37,5 k €	+23.2%	30,5 k €	-27.8%	42,2 k €	+35.5%	31,2 k €	-46.7%	58,5 k €	+280%	15,4 k €	+99.4%	7,7 k €	-62.6%	20,7 k €	+359%	4,5 k €	+12.3%	4 k €	-69.9%	13,3 k €	-34.4%	20,3 k €
Balance sheet
Equity	457,3 k €	+6.4%	429,9 k €	+21.2%	354,7 k €	+27.2%	278,8 k €	+0.8%	276,7 k €	+13.6%	243,5 k €	+34.9%	180,4 k €	+26.3%	142,9 k €	+27.1%	112,4 k €	+60.1%	70,2 k €	-33.2%	105,1 k €	+6.7%	98,4 k €	+18.5%	83 k €	+10.2%	75,3 k €	+37.8%	54,7 k €	+9.0%	50,2 k €	+8.7%	46,1 k €	+40.6%	32,8 k €
Total assets	1,4 M €	-10.2%	1,6 M €	+1.0%	1,5 M €	+12.7%	1,4 M €	+55.8%	879,5 k €	+8.4%	811,7 k €	+7.9%	752,5 k €	+7.3%	701,1 k €	+14.3%	613,3 k €	+77.8%	344,8 k €	+14.0%	302,4 k €	+34.3%	225,3 k €	-5.4%	238,1 k €	-7.9%	258,5 k €	-5.4%	273,2 k €	-21.0%	346,1 k €	+32.5%	261,3 k €	+95.9%	133,4 k €
Cash	167,9 k €	-12.2%	191,1 k €	+113%	89,7 k €	-11.9%	101,8 k €	+707%	12,6 k €	-84.1%	79,4 k €	+275%	21,2 k €	-26.9%	28,9 k €	-24.8%	38,5 k €	+151%	15,3 k €	+1043%	1,3 k €	-25.9%	1,8 k €	-90.1%	18,3 k €	-61.1%	47,1 k €	+619%	6,6 k €	-39.7%	10,9 k €	-32.9%	16,2 k €	-71.3%	56,4 k €
Debts	908,2 k €	-16.9%	1,1 M €	+2.4%	1,1 M €	+0.2%	1,1 M €	+84.7%	576,8 k €	+6.4%	542,2 k €	-0.7%	546,1 k €	+2.6%	532,2 k €	+12.3%	473,8 k €	+91.5%	247,4 k €	+45.9%	169,5 k €	+70.7%	99,3 k €	-22.4%	128 k €	-18.2%	156,5 k €	-18.7%	192,6 k €	-28.4%	268,8 k €	+44.2%	186,3 k €	+143%	76,6 k €
Other
Workforce	2,2 ETP	+15.8%	1,9 ETP	-29.6%	2,7 ETP	-18.2%	3,3 ETP	-15.4%	3,9 ETP	-11.4%	4,4 ETP		–		–		–		4,3 ETP	-10.4%	4,8 ETP	+29.7%	3,7 ETP	+147%	1,5 ETP	-25.0%	2,0 ETP	-28.6%	2,8 ETP	+21.7%	2,3 ETP	+15.0%	2,0 ETP	+1900%	0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 3 ended

Active mandates

COSEMANS BV

Director · since 02 juin 2025 · 1023.999.997

Represented by COSEMANS JORDY

Active

PASCAL MICHIELS

Director · since 06 juin 2007 · until 02 juin 2025

Active

Ended mandates

PASCAL MICHIELS

Director · since 06 juin 2007

Ended

Pascal Michiels

Director

Ended

Pascal Michiels

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
COSEMANS BV● Active	1023.999.997

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/04/2026	30/04/2025	30/04/2024	28/04/2023	25/04/2022	30/04/2021
General meeting	27/04/2026	31/03/2025	31/03/2024	03/03/2023	04/03/2022	05/03/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	27/04/2026	29/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	31/03/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	03/03/2023	28/04/2023	Dutch	PDF
Abridged model	30/09/2021	04/03/2022	25/04/2022	Dutch	PDF
Abridged model	30/09/2020	05/03/2021	30/04/2021	Dutch	PDF
Micro model	30/09/2019	06/03/2020	30/04/2020	Dutch	PDF
Micro model	30/09/2018	01/03/2019	29/05/2019	Dutch	PDF
Micro model	30/09/2017	02/03/2018	22/05/2018	Dutch	PDF
Abridged model	30/09/2016	03/03/2017	28/03/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	06/03/2015	27/03/2015	Dutch	PDF
Abridged model	30/09/2013	07/03/2014	29/04/2014	Dutch	PDF
Abridged model	30/09/2012	01/03/2013	19/04/2013	Dutch	PDF
Abridged model	30/09/2011	02/03/2012	20/03/2012	Dutch	PDF
Abridged model	30/09/2010	04/03/2011	30/03/2011	Dutch	PDF
Abridged model	30/09/2009	05/03/2010	22/03/2010	Dutch	PDF
Abridged model	30/09/2008	06/03/2009	27/03/2009	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 3 ended

Active mandates

COSEMANS BV

Director · since 02 juin 2025 · 1023.999.997

Represented by COSEMANS JORDY

Active

PASCAL MICHIELS

Director · since 06 juin 2007 · until 02 juin 2025

Active

Ended mandates

PASCAL MICHIELS

Director · since 06 juin 2007

Ended

Pascal Michiels

Director

Ended

Pascal Michiels

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/05/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office07/10/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/12/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/08/2007
ONTSLAGEN - BENOEMINGEN
PDF
Other15/06/2007
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 202565 k €↓
2024
Annual accounts 2024147,9 k €↑
2023
Annual accounts 202375,9 k €↑
2022
Annual accounts 202256,4 k €↑
2021
Annual accounts 202133,2 k €↓
2020
Annual accounts 202063 k €↑
2019
Annual accounts 201937,5 k €↑
2018
Annual accounts 201830,5 k €↓
2017
Annual accounts 201742,2 k €↑
2016
Annual accounts 201631,2 k €↓
2015
Annual accounts 201558,5 k €↑
2014
Annual accounts 201415,4 k €↑
2013
Annual accounts 20137,7 k €↓
2012
Annual accounts 201220,7 k €↑
2011
Annual accounts 20114,5 k €↑
2010
Annual accounts 20104 k €↓
2009
Annual accounts 200913,3 k €↓
2008
Annual accounts 200820,3 k €
06/06/2007
IncorporationPrivate company with limited liability

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

MICHIELS BORINGEN

Overview

What does MICHIELS BORINGEN do?

Trend over 18 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