Financials
Financial year 2025
GARAGE LUC MICHIELS from Hoeilaart, company number BE0428164433, closed financial year 2025 with a result of € 406,217 after tax. For that financial year GARAGE LUC MICHIELS recorded a gross margin of € 650,072 and equity of € 383,146. Compared with financial year 2024, the result moved from € -173,874 to € 406,217. 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 June 10, 2026.
€ 383,146
▲ 250% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 406,217
▲ still € 173,874 loss in 2024
Profit after tax over the fiscal year.
€ 28,407
▲ 213% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 166,246.
People and assets in 2025
€ 26,593
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 770
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,706
▼ 32% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 246,502 | € 285,046 | € 182,017 | € 650,072 | ▲ 257% |
| Profit after taxes | € 878 | € -7,707 | € -173,874 | € 406,217 | ▲ € 580,091 |
| Equity | € 291,102 | € 283,395 | € 109,521 | € 383,146 | ▲ 250% |
| Total debts | € 184,471 | € 181,879 | € 193,946 | € 12,476 | ▼ 94% |
| Cash | € 16,171 | € 22,824 | € 9,076 | € 28,407 | ▲ 213% |
| Land & buildings | € 184,524 | € 183,433 | € 182,342 | € 29,071 | ▼ 84% |
| Retained profit | € -58,390 | € -66,097 | € -239,971 | € 166,246 | ▲ € 406,217 |
| Bank debt | € 22,858 | € 2,888 | € 68,737 | € 0 | ▼ 100% |
| Balance sheet total | € 475,572 | € 465,274 | € 303,467 | € 395,622 | ▲ 30% |
Key figures of GARAGE LUC MICHIELS, 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 GARAGE LUC MICHIELS?
What happened at GARAGE LUC MICHIELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LUC MICHIELS stepped down as director. NBB
- JOSIANE RAES stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 406,217. Source: NBB ↗
- LUC MICHIELS became a director. NBB
- JOSIANE RAES became a director. NBB
- New establishment in Hoeilaart. KBO
- Start of the company according to the CBE. KBO
In short
From € 878 profit in 2022 to € 406,217 profit in 2025.
Paid € 105,745 in corporate taxes since 2022.
Best year ever: 2025, with € 406,217 profit.
Management
Directors
According to the 2025 annual accounts
LUC MICHIELS
Managing director
since 2024 · until 2030
JOSIANE RAES
Director
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Watertorenstraat 1
1560 Hoeilaart
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.164.433
- VAT number
- BE 0428.164.433
- Registered office
- Watertorenstraat 1, 1560 Hoeilaart
- Names & denominations
- GARAGE LUC MICHIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 1985
- Peppol
- Active · Active since 3 Apr 2026
- Activities · NACE
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
Detailhandel in onderdelen en accessoires van motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Kleinhandel in onderdelen en accessoires van auto's
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)