Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
San Michele from Zedelgem, company number BE0427015378, closed financial year 2025 with a result of € 29,282 after tax. For that financial year San Michele recorded a gross margin of € 152,873 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 31,924 to € 29,282. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 22, 2026.
€ 1.6 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29,282
▼ 8% vs 2024
Profit after tax over the fiscal year.
€ 34,297
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.2 million.
Debts at end 2025
€ 174,873
▼ 16% vs 2024
Loans from banks and other lenders, long and short.
€ 4,000
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 123,843 | € 148,987 | € 158,356 | € 152,873 | ▼ 3% |
| Profit after taxes | € 25,913 | € 41,574 | € 31,924 | € 29,282 | ▼ 8% |
| Equity | € 1,467,057 | € 1,508,631 | € 1,540,555 | € 1,569,837 | ▲ 2% |
| Total debts | € 701,541 | € 635,345 | € 594,080 | € 466,176 | ▼ 22% |
| Cash | € 29,618 | € 23,496 | € 70,957 | € 34,297 | ▼ 52% |
| Land & buildings | € 2,250,999 | € 2,221,744 | € 2,150,109 | € 2,075,292 | ▼ 3% |
| Retained profit | € 1,147,057 | € 1,188,631 | € 1,220,555 | € 1,249,837 | ▲ 2% |
| Bank debt | € 271,991 | € 240,205 | € 208,034 | € 174,873 | ▼ 16% |
| Balance sheet total | € 2,326,520 | € 2,295,496 | € 2,279,752 | € 2,174,728 | ▼ 5% |
Key figures of San Michele, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to San Michele?
What happened at San Michele in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 29,282 (▼ 8% vs 2024). filed late Source: NBB ↗
- New establishment in Zedelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 25,913 profit in 2022 to € 29,282 profit in 2025.
Paid € 80,168 in corporate taxes since 2022.
Best year ever: 2023, with € 41,574 profit.
Management
Behind San Michele are Treesje Depuydt and Stefaan Himpe. The same people are also behind VIVES BRUGGE.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Brombilk 10
8210 Zedelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.015.378
- VAT number
- BE 0427.015.378
- Registered office
- Brombilk 10, 8210 Zedelgem
- Names & denominations
- San Michele
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 August 1984
- Peppol
- Not registered