Financials
Financial year 2025
DR. PATRICK MICHIELS from Westerlo, company number BE0474841526, closed financial year 2025 with a result of € 79,458 after tax. For that financial year DR. PATRICK MICHIELS recorded a gross margin of € 151,290 and equity of € 404,931. Compared with financial year 2024, the result moved from € 94,351 to € 79,458. 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 July 20, 2026.
€ 404,931
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 79,458
▼ 16% vs 2024
Profit after tax over the fiscal year.
€ 253,403
▲ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 72,811 paid out
92 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 2,153
▼ 49% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 43,832
▼ 42% vs 2024
Loans from banks and other lenders, long and short.
€ 9,530
Supplier invoices still open on the last day of the fiscal year.
€ 7,741
▼ 2% 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 | € 100,770 | € 117,464 | € 173,522 | € 151,290 | ▼ 13% |
| Profit after taxes | € 46,443 | € 57,700 | € 94,351 | € 79,458 | ▼ 16% |
| Equity | € 312,658 | € 369,361 | € 398,284 | € 404,931 | ▲ 2% |
| Total debts | € 162,745 | € 125,907 | € 103,492 | € 128,721 | ▲ 24% |
| Cash | € 176,711 | € 171,606 | € 225,862 | € 253,403 | ▲ 12% |
| Land & buildings | € 139,638 | € 126,474 | € 109,450 | € 92,427 | ▼ 16% |
| Retained profit | € 300,258 | € 356,961 | € 385,884 | € 392,531 | ▲ 2% |
| Dividend | € 800 | € 997 | € 65,428 | € 72,811 | ▲ 11% |
| Bank debt | € 151,891 | € 111,164 | € 75,687 | € 43,832 | ▼ 42% |
| Balance sheet total | € 475,404 | € 495,268 | € 501,776 | € 533,652 | ▲ 6% |
Key figures of DR. PATRICK 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 31 July 2027.
What happened to DR. PATRICK MICHIELS?
What happened at DR. PATRICK 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 € 79,458 (▼ 16% vs 2024). Source: NBB ↗
- New establishment in Westerlo. KBO
- Start of the company according to the CBE. KBO
In short
From € 46,443 profit in 2022 to € 79,458 profit in 2025.
Paid € 147,532 in corporate taxes since 2022.
Best year ever: 2024, with € 94,351 profit.
Paid out € 140,036 in dividends to the owners in total.
Management
Behind DR. PATRICK MICHIELS is Patrick Michiels.
Directors
According to the 2025 annual accounts
Patrick Michiels
Director
Establishments
Establishment units
Physical locations of this company
Renderstraat 9
2260 Westerlo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0474.841.526
- VAT number
- BE 0474.841.526
- Registered office
- Renderstraat 9, 2260 Westerlo
- Names & denominations
- DR. PATRICK MICHIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 May 2001
- Peppol
- Active · Active since 22 Jul 2026