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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Shrinking team NBB
FTE fell two years in a row, from 1.5 to 0.8.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MICHAEL IS DEAD from Gent, company number BE0546708826, closed financial year 2025 with a result of € 16,602 after tax. For that financial year MICHAEL IS DEAD recorded a gross margin of € 139,934 and equity of € 193,741. Compared with financial year 2024, the result moved from € 248,606 to € 16,602. 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 13, 2026.
€ 193,741
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,602
▼ 93% vs 2024
Profit after tax over the fiscal year.
€ 73,820
▼ 81% 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 € 132,241.
People and assets in 2025
0.8
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 31,925
▼ 47% 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.
€ 173,777
▲ 6% vs 2024
Of which on lease € 173,023.
Debts at end 2025
€ 136,055
▼ 8% vs 2024
€ 75,721 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 7,690
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,337
▲ € 7,867 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 326,520 | € 282,848 | € 410,835 | € 139,934 | ▼ 66% |
| Profit after taxes | € 221,873 | € 147,473 | € 248,606 | € 16,602 | ▼ 93% |
| Equity | € 106,858 | € 132,534 | € 177,140 | € 193,741 | ▲ 9% |
| Total debts | € 255,276 | € 388,216 | € 563,621 | € 330,883 | ▼ 41% |
| Cash | € 38,716 | € 45,529 | € 393,923 | € 73,820 | ▼ 81% |
| Land & buildings | € 16,400 | € 15,800 | € 15,200 | € 14,600 | ▼ 4% |
| Retained profit | € 45,358 | € 71,034 | € 115,640 | € 132,241 | ▲ 14% |
| Dividend | € 220,000 | € 121,797 | € 204,000 | € 0 | ▼ 100% |
| Bank debt | € 7,254 | € 10,000 | € 147,651 | € 136,055 | ▼ 8% |
| Balance sheet total | € 362,135 | € 520,750 | € 740,760 | € 524,625 | ▼ 29% |
| Employees (FTE) | 1.8 | 1.5 | 1.4 | 0.8 | ▼ 0.6 |
Key figures of MICHAEL IS DEAD, 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 MICHAEL IS DEAD?
What happened at MICHAEL IS DEAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- AGLAEA BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 16,602 (▼ 93% vs 2024). Source: NBB ↗
- AGLAEA BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 221,873 profit in 2022 to € 16,602 profit in 2025.
Paid € 75,799 in corporate taxes since 2022.
Best year ever: 2024, with € 248,606 profit.
On average € 293,500 of value added per employee in 2024.
Management
The stake of B&L Co, AGLAEA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MICHAEL IS DEADThe shares are held by B&L Co (70%) and AGLAEA (30%).
Directors
According to the 2025 annual accounts
Managing director · represented by Lamberigts Kristof
Also active at: POLITEIA, PINAKES, Koortzz, B&L Co, Borgerhoff & Lamberigts TV, BORGERHOFF & LAMBERIGTS, ACADEMIC & SCIENTIFIC PUBLISHERS, Baldrick
since 2022 · until 2029
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Burgstraat 18 box K
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →TAGMAG
€ -4,690 gross margin · 2025
Atelier Ecru
€ -16,312 gross margin · 2023
Koortzz same network
€ 199,429 gross margin · 2025
BTW EENHEID B&L
Borgerhoff & Lamberigts Invest
€ 376,270 gross margin · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0546.708.826
- VAT number
- BE 0546.708.826
- Registered office
- Burgstraat 18 bus K, 9000 Gent
- Names & denominations
- MICHAEL IS DEAD · MID
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 February 2014
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Productie van televisieprogramma's
Organisatie van congressen en beurzen
Mediarepresentatie
Overige zakelijke dienstverlening, neg