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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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Dr. Frederick Michels from Kortrijk, company number BE0812158729, closed financial year 2025 with a result of € 193,551 after tax. For that financial year Dr. Frederick Michels recorded a gross margin of € 348,141 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 199,283 to € 193,551. 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 14, 2026.
€ 1.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 193,551
▼ 3% vs 2024
Profit after tax over the fiscal year.
€ 61,257
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 192,671 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 3,176
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 195,183
▼ 21% vs 2024
€ 47,690 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3,317
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,584
▲ 176% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 339,426 | € 355,343 | € 352,840 | € 348,141 | ▼ 1% |
| Profit after taxes | € 189,172 | € 198,123 | € 199,283 | € 193,551 | ▼ 3% |
| Equity | € 1,231,615 | € 1,315,738 | € 1,362,020 | € 1,362,900 | |
| Total debts | € 469,245 | € 353,934 | € 321,551 | € 285,281 | ▼ 11% |
| Cash | € 1,475 | € 11,719 | € 68,692 | € 61,257 | ▼ 11% |
| Land & buildings | € 1,415,154 | € 1,375,433 | € 1,343,389 | € 1,313,133 | ▼ 2% |
| Retained profit | € 1,219,215 | € 1,303,338 | € 1,349,620 | € 1,350,500 | |
| Dividend | € 57,000 | € 114,000 | € 153,000 | € 192,671 | ▲ 26% |
| Bank debt | € 422,667 | € 337,181 | € 246,867 | € 195,183 | ▼ 21% |
| Balance sheet total | € 1,700,860 | € 1,669,672 | € 1,683,571 | € 1,648,181 | ▼ 2% |
Key figures of Dr. Frederick Michels, 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 Dr. Frederick Michels?
What happened at Dr. Frederick Michels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 193,551 (▼ 3% vs 2024). Source: NBB ↗
- Frederick Michels became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 189,172 profit in 2022 to € 193,551 profit in 2025.
Paid € 346,334 in corporate taxes since 2022.
Best year ever: 2024, with € 199,283 profit.
Paid out € 516,671 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 Dr. Frederick Michels is Frederick Michels.
Directors
According to the 2025 annual accounts
Frederick Michels
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Elleboogstraat(Kor) 27
8500 Kortrijk
President Kennedylaan(Kor) 4
8500 Kortrijk
Active since 1 July 2009
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0812.158.729
- VAT number
- BE 0812.158.729
- Registered office
- Elleboogstraat(Kor) 27, 8500 Kortrijk
- Names & denominations
- Dr. Frederick Michels
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 2009
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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