ACTIVE

Dr. Frederick Michels

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Financial year 2025 · closed on 31/12/2025

Net result

193,6 k €

-2.9% YoY

Gross margin

348,1 k €

-1.3% YoY

Equity

1,4 M €

+0.1% YoY

What does Dr. Frederick Michels do?

Dr. Frederick Michels is a Private limited company incorporated in 2009. Its main activity is: Specialist medical practice activities. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0812.158.729

Incorporation

05/06/2009

Legal form

Private limited company

Registered office

Elleboogstraat(Kor) 27
8500 Kortrijk · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

86220Specialist medical practice activities· main 86220Specialist medical practice activities 85599Other education n.e.c.85599Other education n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	348,1 k €	-1.3%	352,8 k €	-0.7%	355,3 k €	+4.7%	339,4 k €	+5.0%	323,3 k €	+3.5%	312,5 k €	+4.3%	299,6 k €	-1.5%	304,1 k €	+57.9%	192,6 k €	-14.8%	226 k €	-19.8%	281,9 k €	+4.2%	270,6 k €	-2.4%	277,2 k €	+39.7%	198,4 k €	+11.4%	178,1 k €	+61.8%	110 k €	+46.4%	75,2 k €
EBITDA	343,5 k €	-1.5%	348,7 k €	-0.7%	351,1 k €	+4.2%	336,8 k €	+5.0%	320,8 k €	+3.3%	310,4 k €	+4.2%	297,9 k €	-1.5%	302,4 k €	+58.1%	191,3 k €	-15.0%	225 k €	-19.9%	280,9 k €	+10.2%	254,8 k €	-7.7%	276,1 k €	+40.0%	197,3 k €	+11.4%	177 k €	+61.0%	110 k €	+46.3%	75,2 k €
Operating result	288,6 k €	-1.4%	292,8 k €	+1.2%	289,3 k €	+3.9%	278,3 k €	+5.3%	264,2 k €	+0.5%	263 k €	+2.9%	255,6 k €	-1.8%	260,3 k €	+97.0%	132,2 k €	-27.0%	181,1 k €	-20.3%	227,1 k €	+22.6%	185,2 k €	-28.6%	259,4 k €	+44.1%	180 k €	+12.2%	160,5 k €	+395%	32,4 k €	-56.4%	74,3 k €
Net result	193,6 k €	-2.9%	199,3 k €	+0.6%	198,1 k €	+4.7%	189,2 k €	+4.7%	180,7 k €	+0.5%	179,8 k €	+11.9%	160,7 k €	-2.9%	165,5 k €	+157%	64,4 k €	-34.0%	97,5 k €	-6.9%	104,7 k €	-5.0%	110,1 k €	-36.0%	172,2 k €	+53.5%	112,2 k €	+23.8%	90,7 k €	+472%	15,8 k €	-68.8%	50,8 k €
Balance sheet
Equity	1,4 M €	+0.1%	1,4 M €	+3.5%	1,3 M €	+6.8%	1,2 M €	+12.0%	1,1 M €	+6.7%	1 M €	+7.2%	961,1 k €	+20.1%	800,4 k €	+11.0%	721,2 k €	+9.8%	656,9 k €	+17.4%	559,4 k €	+23.0%	454,7 k €	+75.5%	259,1 k €	+16.8%	221,9 k €	+102%	109,7 k €	+38.8%	79,1 k €	+25.1%	63,2 k €
Total assets	1,6 M €	-2.1%	1,7 M €	+0.8%	1,7 M €	-1.8%	1,7 M €	+2.7%	1,7 M €	-7.6%	1,8 M €	+9.6%	1,6 M €	+3.6%	1,6 M €	-1.1%	1,6 M €	+23.9%	1,3 M €	-0.5%	1,3 M €	+13.2%	1,1 M €	+37.8%	829,9 k €	+21.3%	684,4 k €	-1.8%	697 k €	+5.3%	661,7 k €	+438%	123 k €
Cash	61,3 k €	-10.8%	68,7 k €	+486%	11,7 k €	+694%	1,5 k €	-86.0%	10,5 k €	-31.0%	15,3 k €	-23.4%	19,9 k €	-64.7%	56,5 k €		–		3,6 k €	+8.5%	3,3 k €	-66.5%	9,8 k €	-70.9%	33,8 k €	+192%	11,6 k €		–		12,3 k €	+146%	5 k €
Debts	285,2 k €	-11.3%	321,5 k €	-9.2%	353,9 k €	-24.6%	469,2 k €	-15.6%	555,9 k €	-27.0%	762 k €	+13.0%	674,2 k €	-13.3%	777,6 k €	-10.8%	871,5 k €	+39.2%	626,3 k €	-14.1%	729,4 k €	+7.0%	681,6 k €	+20.9%	563,9 k €	+22.7%	459,5 k €	-20.6%	578,7 k €	-0.3%	580,3 k €	+911%	57,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Frederick Michels

Director · since 14 novembre 2023

Active

Ended mandates

Frederick Michels

Director · since 05 juin 2009

Ended

Frederick Michels

Director

Ended

Frederick Michels

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
PRAKTIJK OVERLEIE● Active	0674.526.023

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/07/2026	17/07/2025	16/07/2024	13/07/2023	29/08/2022	31/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	15/06/2023	30/07/2022	31/08/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	14/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	17/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	16/07/2024	Dutch	PDF
Micro model	31/12/2022	15/06/2023	13/07/2023	Dutch	PDF
Micro model	31/12/2021	30/07/2022	29/08/2022	Dutch	PDF
Micro model	31/12/2020	31/08/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	03/08/2020	27/08/2020	Dutch	PDF
Micro model	31/12/2018	01/06/2019	26/08/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	16/08/2018	Dutch	PDF
Micro model	31/12/2016	01/06/2017	20/06/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	18/08/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Frederick Michels

Director · since 14 novembre 2023

Active

Ended mandates

Frederick Michels

Director · since 05 juin 2009

Ended

Frederick Michels

Director

Ended

Frederick Michels

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/05/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares30/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office11/05/2010
MAATSCHAPPELIJKE ZETEL
PDF
Other17/06/2009
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025193,6 k €↓
2024
Annual accounts 2024199,3 k €↑
2023
Annual accounts 2023198,1 k €↑
2022
Annual accounts 2022189,2 k €↑
2021
Annual accounts 2021180,7 k €↑
2020
Annual accounts 2020179,8 k €↑
2019
Annual accounts 2019160,7 k €↓
2018
Annual accounts 2018165,5 k €↑
2017
Annual accounts 201764,4 k €↓
2016
Annual accounts 201697,5 k €↓
2015
Annual accounts 2015104,7 k €↓
2014
Annual accounts 2014110,1 k €↓
2013
Annual accounts 2013172,2 k €↑
2012
Annual accounts 2012112,2 k €↑
2011
Annual accounts 201190,7 k €↑
2010
Annual accounts 201015,8 k €↓
2009
Annual accounts 200950,8 k €
05/06/2009
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Dr. Frederick Michels

Overview

What does Dr. Frederick Michels do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline