Bankrupt · Opening faillissement (CBE)

MICHTHER

BE0739778121

Rechtspersoon Private limited company 1 establishment

MICHTHER is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies. Private Limited, started on 18 December 2019, 1 establishment.

Izegemsestraat(Kor) 10, 8500 Kortrijk

Behind the company: MICHIEL THERMOTE.

Start date

18 December 2019

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.

What it is worth Growing

€ 228,320

▲ 18% vs 2022

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 34,391

▼ 16% vs 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 2

▼ € 7,939 vs 2022

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2023. Retained profit grew to € 203,320.

People and assets in 2023

Vehicles and equipment

€ 7,555

▼ 33% vs 2022

Of which on lease € 7,555.

Debts at end 2023

Bank debt ≈ 2 years to go

€ 86,857

▼ 31% vs 2022

€ 39,400 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 3,157

▲ 143% vs 2022

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 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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Key figures per fiscal year Download key figures (CSV)
202120222023Change 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.

Management

MICHIEL THERMOTE
MICHTHER
Konoma 100%

Behind MICHTHER is MICHIEL THERMOTE. It owns 100% of Konoma itself.

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Directors

According to the 2023 annual accounts

MICHIEL THERMOTE

Director

Also active at: Konoma

since 2019

Establishments

Establishment units

Physical locations of this company

Registered office

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

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

Activiteiten van holdings

Activiteiten van adviesbureaus op het gebied van public relations en communicatie

Holdings

Adviesbureaus op het gebied van public relations en communicatie

Frequently asked questions

What does MICHTHER do?
MICHTHER is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies. Private Limited, started on 18 December 2019, 1 establishment.
What is the address of MICHTHER?
The registered office of MICHTHER is located at Izegemsestraat(Kor) 10, 8500 Kortrijk.
Is MICHTHER still active?
No. The CBE lists MICHTHER with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is MICHTHER registered on Peppol?
No, MICHTHER is currently not registered on the Peppol network.
What is the enterprise number of MICHTHER?
The enterprise number of MICHTHER is BE0739778121.
When was MICHTHER founded?
MICHTHER was founded on 18 December 2019.