Financials
Financial year 2025
MIG Motors Gent from Nazareth-De Pinte, company number BE0444668388, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year MIG Motors Gent recorded revenue of € 117.2 million and equity of € 8.7 million. Compared with financial year 2024, the result moved from € 34,815 to € -1.2 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 21, 2026.
€ 8.7 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ still € 34,815 profit in 2024
Profit after tax over the fiscal year.
€ 42,912
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7.8 million.
People and assets in 2025
71.1
▲ 3.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.2 million
▲ 12% vs 2024
€ 72,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 234,126
▼ 27% 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.
€ 27.7 million
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 92 days on average.
€ 1 million
▲ 29% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 85,136,137 | € 130,805,529 | € 119,320,257 | € 117,172,858 | ▼ 2% |
| Profit after taxes | € 150,312 | € 1,222,712 | € 34,815 | € -1,230,692 | ▼ € 1.3 million |
| Equity | € 8,717,176 | € 9,939,888 | € 9,974,704 | € 8,744,014 | ▼ 12% |
| Total debts | € 18,488,432 | € 32,048,275 | € 39,882,547 | € 31,116,360 | ▼ 22% |
| Cash | € 175,309 | € 3,524,413 | € 389,508 | € 42,912 | ▼ 89% |
| Land & buildings | - | - | € 404,124 | € 312,768 | ▼ 23% |
| Retained profit | € 7,723,165 | € 8,945,877 | € 8,980,693 | € 7,750,002 | ▼ 14% |
| Balance sheet total | € 27,205,608 | € 41,988,163 | € 49,857,251 | € 39,860,373 | ▼ 20% |
| Employees (FTE) | 71.1 | 68.5 | 68 | 71.1 | ▲ 3.1 |
Key figures of MIG Motors Gent, 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 MIG Motors Gent?
What happened at MIG Motors Gent in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Zilverpijl NV stepped down as director. NBB
- MIG MOTORS NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.2 million (▼ € 1.3 million vs 2024). filed late Source: NBB ↗
- Zilverpijl NV became a director. NBB
- MIG MOTORS NV became a director. NBB
- New establishment in Wetteren. KBO
- New establishment in Gent. KBO
- New establishment in Gent. KBO
In short
From € 150,312 profit in 2022 to € 1.2 million loss in 2025.
Paid € 659,596 in corporate taxes since 2022.
Best year ever: 2023, with € 1.2 million profit.
Pays suppliers within 92 days on average.
Management
The stake of MIG Motors comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MIG Motors GentThe shares are held by MIG Motors (100%).
Directors
According to the 2025 annual accounts
Director · represented by Marc Van Herreweghe
Also active at: MIG Motors, CARROSSERIE EECKHOUT, GHISTELINCK AUTOBEDRIJVEN, Van Gogh Capital, FLEETINVEST, MIG Motors Latem, Mig Motors Wonder
since 2023 · until 2029
Director · represented by Vincent Yserbyt
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Begoniastraat 12
9810 Nazareth-De Pinte
Zeeschipstraat 137
9000 Gent
Active since 26 August 1991
Achilles Heyndrickxlaan 3
9050 Gent
Active since 26 August 1991
Nieuwe Brug 2a
9230 Wetteren
Active since 1 January 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0444.668.388
- VAT number
- BE 0444.668.388
- Registered office
- Begoniastraat 12, 9810 Nazareth-De Pinte
- Names & denominations
- MIG Motors Gent
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 1991
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
Detailhandel in onderdelen en accessoires van motorvoertuigen
Kleinhandel in onderdelen en accessoires van auto's