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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 2024
MICHEL ADAM, KINESITHERAPEUTE from Nandrin, company number BE0480125947, closed financial year 2024 with a result of € 21,915 after tax. For that financial year MICHEL ADAM, KINESITHERAPEUTE recorded a gross margin of € 70,801 and equity of € 8,426. Compared with financial year 2023, the result moved from € 10,631 to € 21,915. Profitable, and profit is growing. The buffer shrank hard: equity is 71 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2025.
€ 8,426
▼ 71% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21,915
▲ 106% vs 2023
Profit after tax over the fiscal year.
€ 54,125
▲ 90% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 29,955 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 30,077
▲ € 25,774 vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,478
▲ 252% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 1,769
Supplier invoices still open on the last day of the fiscal year.
€ 29,933
▲ € 24,024 vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 53,836 | € 59,929 | € 27,922 | € 70,801 | ▲ 154% |
| Profit after taxes | € -3,334 | € -11,337 | € 10,631 | € 21,915 | ▲ 106% |
| Equity | € 29,646 | € 18,309 | € 28,940 | € 8,426 | ▼ 71% |
| Total debts | € 14,052 | € 14,853 | € 8,228 | € 65,145 | ▲ € 56,917 |
| Cash | € 16,277 | € 18,894 | € 28,434 | € 54,125 | ▲ 90% |
| Land & buildings | € 3,194 | € 2,346 | € 1,498 | € 650 | ▼ 57% |
| Retained profit | € 10,646 | € -691 | € 9,940 | € 1,900 | ▼ 81% |
| Dividend | € 0 | € 0 | € 0 | € 29,955 | |
| Bank debt | € 3,595 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 43,698 | € 33,162 | € 37,168 | € 73,571 | ▲ 98% |
Key figures of MICHEL ADAM, KINESITHERAPEUTE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
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 2024: profit of € 21,915 (▲ 106% vs 2023). Source: NBB ↗
- New establishment in Liège. KBO
- New establishment in Nandrin. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,334 loss in 2021 to € 21,915 profit in 2024.
Paid € 25,719 in corporate taxes since 2021.
Best year ever: 2024, with € 21,915 profit.
Paid out € 29,955 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MICHEL ADAM, KINESITHERAPEUTE is ADAM MICHEL.
Directors
According to the 2024 annual accounts
ADAM MICHEL
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