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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GARAGE MICHIELS from Tielt-Winge, company number BE0433968496, closed financial year 2025 with a result of € -12,670 after tax. For that financial year GARAGE MICHIELS recorded a gross margin of € 2,807 and equity of € -65,328. Compared with financial year 2024, the result moved from € -13,696 to € -12,670. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ -65,328
▼ € 12,670 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,670
▲ 7 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,270
▼ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -168,920.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,548
▼ 65% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 35,000
Loans from banks and other lenders, long and short.
€ 46,172
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,789
▲ € 4,507 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 | € 14,748 | € 32,626 | € 2,469 | € 2,807 | ▲ 14% |
| Profit after taxes | € -1,978 | € 16,812 | € -13,696 | € -12,670 | ▲ € 1,026 |
| Equity | € -55,774 | € -38,962 | € -52,658 | € -65,328 | ▼ € 12,670 |
| Total debts | € 163,647 | € 151,464 | € 127,364 | € 117,582 | ▼ 8% |
| Cash | € 7,248 | € 9,156 | € 6,231 | € 5,270 | ▼ 15% |
| Retained profit | € -159,366 | € -142,554 | € -156,250 | € -168,920 | ▼ € 12,670 |
| Bank debt | € 35,000 | € 35,000 | € 35,000 | € 35,000 | |
| Balance sheet total | € 107,872 | € 112,501 | € 74,705 | € 52,254 | ▼ 30% |
Key figures of GARAGE 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 MICHIELS?
What happened at GARAGE MICHIELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12,670. Source: NBB ↗
- New establishment in Tielt-Winge. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,978 loss in 2022 to € 12,670 loss in 2025.
Paid € 780 in corporate taxes since 2022.
Best year ever: 2023, with € 16,812 profit.
Management
Behind GARAGE MICHIELS is Katelijne Michiels.
Directors
According to the 2025 annual accounts
Katelijne Michiels
Director
Establishments
Establishment units
Physical locations of this company
Binkomstraat 61
3391 Tielt-Winge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0433.968.496
- VAT number
- BE 0433.968.496
- Registered office
- Binkomstraat 61, 3391 Tielt-Winge
- Names & denominations
- GARAGE MICHIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 1988
- Peppol
- Active · Active since 19 Dec 2025
- 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 auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)