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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MICHEL ADAM, KINESITHERAPEUTE from Nandrin, company number BE0480125947, closed financial year 2025 with a result of € 5,849 after tax. For that financial year MICHEL ADAM, KINESITHERAPEUTE recorded a gross margin of € 74,191 and equity of € 14,275. Compared with financial year 2024, the result moved from € 21,915 to € 5,849. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 22, 2026.
€ 14,275
▲ 69% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,849
▼ 73% vs 2024
Profit after tax over the fiscal year.
€ 38,823
▼ 28% 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 € 7,749.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 58,720
▲ 95% 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.
€ 3,264
▲ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 18,414
▼ 38% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 59,929 | € 27,922 | € 70,801 | € 74,191 | ▲ 5% |
| Profit after taxes | € -11,337 | € 10,631 | € 21,915 | € 5,849 | ▼ 73% |
| Equity | € 18,309 | € 28,940 | € 8,426 | € 14,275 | ▲ 69% |
| Total debts | € 14,853 | € 8,228 | € 65,145 | € 37,470 | ▼ 42% |
| Cash | € 18,894 | € 28,434 | € 54,125 | € 38,823 | ▼ 28% |
| Land & buildings | € 2,346 | € 1,498 | € 650 | - | |
| Retained profit | € -691 | € 9,940 | € 1,900 | € 7,749 | ▲ € 5,849 |
| Dividend | € 0 | € 0 | € 29,955 | € 0 | ▼ 100% |
| Balance sheet total | € 33,162 | € 37,168 | € 73,571 | € 51,745 | ▼ 30% |
Key figures of MICHEL ADAM, KINESITHERAPEUTE, 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 MICHEL ADAM, KINESITHERAPEUTE?
What happened at MICHEL ADAM, KINESITHERAPEUTE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,849 (▼ 73% vs 2024). filed late Source: NBB ↗
- New establishment in Liège. KBO
- New establishment in Nandrin. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,337 loss in 2022 to € 5,849 profit in 2025.
Paid € 27,458 in corporate taxes since 2022.
Best year ever: 2024, with € 21,915 profit.
Paid out € 29,955 in dividends to the owners in total.
Management
Behind MICHEL ADAM, KINESITHERAPEUTE is Michel Adam.
Directors
According to the 2025 annual accounts
Michel Adam
Managing director
Establishments
Establishment units
Physical locations of this company
Tige sur le Mont 25
4550 Nandrin
Rue du Jardin-Botanique 3
4000 Liège
Active since 1 September 2008
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.125.947
- VAT number
- BE 0480.125.947
- Registered office
- Tige sur le Mont 25, 4550 Nandrin
- Names & denominations
- MICHEL ADAM, KINESITHERAPEUTE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2003
- Peppol
- Not registered
- Activities · NACE
Activiteiten op het gebied van kinesitherapie
Ambulante revalidatieactiviteiten