Financials
Financial year 2025
SOMERSET HOUSE from Wortegem-Petegem, company number BE0752934685, closed financial year 2025 with a result of € 473,105 after tax. For that financial year SOMERSET HOUSE recorded a gross margin of € 810,180 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 444,373 to € 473,105. Profitable, and profit is growing. 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 28, 2026.
€ 1.1 million
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 473,105
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 111,442
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 300,000 paid out
63 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
0.7
Average over the fiscal year, from the social balance sheet.
€ 19,679
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 113,977
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 826,867
▼ 6% vs 2024
€ 56,890 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 27,705
▲ 173% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,735
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 625,388 | € 612,394 | € 757,740 | € 810,180 | ▲ 7% |
| Profit after taxes | € 428,171 | € 323,215 | € 444,373 | € 473,105 | ▲ 6% |
| Equity | € 662,290 | € 975,506 | € 919,879 | € 1,092,983 | ▲ 19% |
| Total debts | € 931,616 | € 986,611 | € 1,215,188 | € 869,307 | ▼ 28% |
| Cash | € 596,240 | € 187,711 | € 267,768 | € 111,442 | ▼ 58% |
| Land & buildings | € 934,622 | € 1,719,421 | € 1,704,661 | € 1,687,706 | ▼ 1% |
| Retained profit | € 657,290 | € 970,506 | € 914,879 | € 1,087,983 | ▲ 19% |
| Dividend | € 0 | € 10,000 | € 500,000 | € 300,000 | ▼ 40% |
| Bank debt | € 782,570 | € 845,382 | € 882,782 | € 826,867 | ▼ 6% |
| Balance sheet total | € 1,593,907 | € 1,962,116 | € 2,135,066 | € 1,962,291 | ▼ 8% |
| Employees (FTE) | - | - | 0 | 0.7 |
By gross margin, SOMERSET HOUSE ranks 3rd of 51 companies with main activity “Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies” in Wortegem-Petegem that publish figures (fiscal year 2025).
Key figures of SOMERSET HOUSE, 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.
Ask about SOMERSET HOUSE the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to SOMERSET HOUSE?
What happened at SOMERSET HOUSE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 473,105 (▲ 6% vs 2024). Source: NBB ↗
- EDWARD MICHEL became a director. NBB
- OLIVIA DEBLAERE became a director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Wortegem-Petegem. KBO
In short
From € 428,171 profit in 2022 to € 473,105 profit in 2025.
Paid € 532,006 in corporate taxes since 2022.
Best year ever: 2025, with € 473,105 profit.
Paid out € 810,000 in dividends to the owners in total.
Management
Behind SOMERSET HOUSE are EDWARD MICHEL and OLIVIA DEBLAERE.
Directors
According to the 2025 annual accounts
EDWARD MICHEL
Director
since 2021
OLIVIA DEBLAERE
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Peerdekouterstraat (W.) 1
9790 Wortegem-Petegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in Wortegem-Petegem
Same main activity (Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies), 74 active companies in Wortegem-Petegem, largest first.
€ 2.1 million revenue · 2025
€ 1.9 million revenue · 2024
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€ 950,121 gross margin · 2026
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- MICHEL Edward Martine Jozef(oprichter) 100%
Details
- Company number
- 0752.934.685
- VAT number
- BE 0752.934.685
- Registered office
- Peerdekouterstraat (W.) 1, 9790 Wortegem-Petegem
- Names & denominations
- SOMERSET HOUSE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 2020
- Peppol
- Active · Active since 28 Dec 2025
- 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
Vervaardiging van ander technisch aardewerk
Literaire creatie
Detailhandel in antiquiteiten
Overige vormen van onderwijs
Vervaardiging van huishoudelijk en sieraardewerk
Detailhandel in cultuur- en recreatieartikelen, neg
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