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 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAUMEN-MICHIELS from Zoersel, company number BE0473574685, closed financial year 2025 with a result of € 108,083 after tax. For that financial year PAUMEN-MICHIELS recorded a gross margin of € 282,778 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 182,813 to € 108,083. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 8, 2026.
€ 1.3 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 108,083
▼ 41% vs 2024
Profit after tax over the fiscal year.
€ 2,338
▼ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 147,010 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 1,438
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▼ 8% vs 2024
€ 94,963 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 15,223
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,125
▼ 68% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 178,748 | € 234,362 | € 370,578 | € 282,778 | ▼ 24% |
| Profit after taxes | € 59,588 | € 109,163 | € 182,813 | € 108,083 | ▼ 41% |
| Equity | € 1,405,846 | € 1,367,009 | € 1,349,822 | € 1,310,894 | ▼ 3% |
| Total debts | € 2,521,977 | € 2,546,267 | € 2,458,997 | € 2,397,266 | ▼ 3% |
| Cash | € 109,042 | € 66,269 | € 88,626 | € 2,338 | ▼ 97% |
| Land & buildings | € 452,150 | € 458,670 | € 451,447 | € 479,090 | ▲ 6% |
| Retained profit | € 863,546 | € 824,709 | € 807,522 | € 768,594 | ▼ 5% |
| Dividend | € 0 | € 148,000 | € 200,000 | € 147,010 | ▼ 26% |
| Bank debt | € 1,309,241 | € 1,208,165 | € 1,106,549 | € 1,012,527 | ▼ 8% |
| Balance sheet total | € 3,927,823 | € 3,913,275 | € 3,808,818 | € 3,708,160 | ▼ 3% |
Key figures of PAUMEN-MICHIELS, 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 April 2027.
What happened to PAUMEN-MICHIELS?
What happened at PAUMEN-MICHIELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 108,083 (▼ 41% vs 2024). Source: NBB ↗
- New establishment in Zoersel. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,588 profit in 2022 to € 108,083 profit in 2025.
Paid € 140,821 in corporate taxes since 2022.
Best year ever: 2024, with € 182,813 profit.
Paid out € 495,010 in dividends to the owners in total.
Management
Behind PAUMEN-MICHIELS is Heidi Michiels. It owns 99% of Apotheek Michiels itself.
Directors
According to the 2025 annual accounts
Heidi Michiels
Director
Establishments
Establishment units
Physical locations of this company
Antwerpsedreef 2
2980 Zoersel
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
- 0473.574.685
- VAT number
- BE 0473.574.685
- Registered office
- Antwerpsedreef 2, 2980 Zoersel
- Names & denominations
- PAUMEN-MICHIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 2000
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings