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 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MICHIELS SPORT from Zottegem, company number BE0429555293, closed financial year 2025 with a result of € 17,777 after tax. For that financial year MICHIELS SPORT recorded a gross margin of € 95,053 and equity of € 17,535. Compared with financial year 2024, the result moved from € 16,482 to € 17,777. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 19, 2026.
€ 17,535
▲ € 17,777 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,777
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 85,839
▲ 39% 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 € -1,065.
People and assets in 2025
€ 38,837
▲ 7% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 93,981
▲ 86% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 110,000
Loans from banks and other lenders, long and short.
€ 6,252
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,086
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 111,954 | € 78,181 | € 78,468 | € 95,053 | ▲ 21% |
| Profit after taxes | € 29,617 | € 7,219 | € 16,482 | € 17,777 | ▲ 8% |
| Equity | € -23,943 | € -16,724 | € -242 | € 17,535 | ▲ € 17,777 |
| Total debts | € 256,630 | € 298,954 | € 319,069 | € 347,361 | ▲ 9% |
| Cash | € 11,132 | € 36,322 | € 61,915 | € 85,839 | ▲ 39% |
| Retained profit | € -42,543 | € -35,324 | € -18,842 | € -1,065 | ▲ € 17,777 |
| Bank debt | € 60,000 | € 110,000 | € 110,000 | € 110,000 | |
| Balance sheet total | € 232,688 | € 282,230 | € 318,827 | € 364,896 | ▲ 14% |
Key figures of MICHIELS SPORT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MICHIELS SPORT?
What happened at MICHIELS SPORT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,777 (▲ 8% vs 2024). Source: NBB ↗
- Hilde Lefevre became a director. NBB
- Demo NV became a director. NBB
- New establishment in Zottegem. KBO
- New establishment in Zottegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,617 profit in 2022 to € 17,777 profit in 2025.
Paid € 11,119 in corporate taxes since 2022.
Best year ever: 2022, with € 29,617 profit.
Management
Behind MICHIELS SPORT are Hilde Lefevre and Demo NV. Hilde Lefevre is also behind DEMO.
Establishments
Establishment units
Physical locations of this company
Stationsstraat 36
9620 Zottegem
Grotenbergestraat 33
9620 Zottegem
Active since 1 November 2004
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0429.555.293
- VAT number
- BE 0429.555.293
- Registered office
- Stationsstraat 36, 9620 Zottegem
- Names & denominations
- MICHIELS SPORT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 October 1986
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
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