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 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 3.4 to 2.7.
Financials
Financial year 2025
GARAGE MICHIELS from Herselt, company number BE0449001518, closed financial year 2025 with a result of € -24,477 after tax. For that financial year GARAGE MICHIELS recorded a gross margin of € 100,128 and equity of € -19,188. Compared with financial year 2024, the result moved from € 11,422 to € -24,477. 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 August 29, 2026.
€ -19,188
▼ € 24,477 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,477
▼ still € 11,422 profit in 2024
Profit after tax over the fiscal year.
€ 39,574
▲ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -93,556.
People and assets in 2025
2.7
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 109,423
▼ 10% vs 2024
€ 40,500 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.
€ 13,912
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 450,000
▲ 13% vs 2024
Loans from banks and other lenders, long and short.
€ 349,434
▲ € 303,365 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,058
▼ 35% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 133,855 | € 204,388 | € 148,566 | € 100,128 | ▼ 33% |
| Profit after taxes | € -27,101 | € 20,071 | € 11,422 | € -24,477 | ▼ € 35,899 |
| Equity | € -26,204 | € -6,133 | € 5,289 | € -19,188 | ▼ € 24,477 |
| Total debts | € 435,395 | € 599,171 | € 459,913 | € 808,492 | ▲ 76% |
| Cash | € 80,067 | € 130,220 | € 23,981 | € 39,574 | ▲ 65% |
| Retained profit | € -100,572 | € -80,501 | € -69,079 | € -93,556 | ▼ € 24,477 |
| Bank debt | € 400,000 | € 450,000 | € 400,000 | € 450,000 | ▲ 13% |
| Balance sheet total | € 409,191 | € 593,038 | € 465,202 | € 789,304 | ▲ 70% |
| Employees (FTE) | 3.3 | 3.4 | 3 | 2.7 | ▼ 0.3 |
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 € 24,477 (▼ € 35,899 vs 2024). filed late Source: NBB ↗
- New establishment in Herselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,101 loss in 2022 to € 24,477 loss in 2025.
Best year ever: 2023, with € 20,071 profit.
On average € 37,100 of value added per employee in 2025.
Establishments
Establishment units
Physical locations of this company
Aarschotsesteenweg 200D
2230 Herselt
Aarschotsesteenweg 200 box D
2230 Herselt
Active since 18 January 1993
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.001.518
- VAT number
- BE 0449.001.518
- Registered office
- Aarschotsesteenweg 200D, 2230 Herselt
- Names & denominations
- GARAGE MICHIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 January 1993
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
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
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)