Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2023; threshold 65 %.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
MICHTHER from Kortrijk, company number BE0739778121, closed financial year 2023 with a result of € 34,391 after tax. For that financial year MICHTHER recorded a gross margin of € 53,911 and equity of € 228,320. Compared with financial year 2022, the result moved from € 40,977 to € 34,391. 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 August 29, 2024.
€ 228,320
▲ 18% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 34,391
▼ 16% vs 2022
Profit after tax over the fiscal year.
€ 2
▼ € 7,939 vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 203,320.
People and assets in 2023
€ 7,555
▼ 33% vs 2022
Of which on lease € 7,555.
Debts at end 2023
€ 86,857
▼ 31% vs 2022
€ 39,400 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 3,157
▲ 143% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 31,958
▲ 40% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 46,054 | € 55,386 | € 53,911 | ▼ 3% |
| Profit after taxes | € 61,447 | € 40,977 | € 34,391 | ▼ 16% |
| Equity | € 152,953 | € 193,930 | € 228,320 | ▲ 18% |
| Total debts | € 190,469 | € 159,657 | € 131,425 | ▼ 18% |
| Cash | € 9,920 | € 7,941 | € 2 | ▼ € 7,939 |
| Retained profit | € 127,953 | € 168,930 | € 203,320 | ▲ 20% |
| Dividend | € 800 | € 0 | € 0 | |
| Bank debt | € 148,585 | € 126,208 | € 86,857 | ▼ 31% |
| Balance sheet total | € 343,422 | € 353,587 | € 359,745 | ▲ 2% |
Key figures of MICHTHER, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to MICHTHER?
What happened at MICHTHER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MICHTHER is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 34,391 (▼ 16% vs 2022). filed late Source: NBB ↗
- New establishment in Kortrijk. KBO
- MICHIEL THERMOTE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 61,447 profit in 2021 to € 34,391 profit in 2023.
Paid € 24,770 in corporate taxes since 2021.
Best year ever: 2021, with € 61,447 profit.
Paid out € 800 in dividends to the owners in total.
A new publication or filing at MICHTHER? We notify you, reason included.
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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 MICHTHER is MICHIEL THERMOTE. It owns 100% of Konoma itself.
Directors
According to the 2023 annual accounts
since 2019
Establishments
Establishment units
Physical locations of this company
Izegemsestraat(Kor) 10
8500 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0739.778.121
- VAT number
- BE 0739.778.121
- Registered office
- Izegemsestraat(Kor) 10, 8500 Kortrijk
- Names & denominations
- MICHTHER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 18 December 2019
- Peppol
- Not registered
- Activities · NACE
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