Financials
Financial year 2024
TIM MICHELS from Lennik, company number BE0828883311, closed financial year 2024 with a result of € 12,194 after tax. For that financial year TIM MICHELS recorded a gross margin of € 16,862 and equity of € 12,920. Compared with financial year 2023, the result moved from € 2,033 to € 12,194. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 5, 2025.
€ 12,920
▲ € 12,194 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,194
▲ € 10,160 vs 2023
Profit after tax over the fiscal year.
€ 4,604
▲ € 4,381 vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -93,280.
People and assets in 2024
€ 134
▼ 97% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 1,923
▼ 26% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 4,532
▼ 24% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -4,129 | € 1,423 | € 7,083 | € 16,862 | ▲ 138% |
| Profit after taxes | € -13,375 | € -3,457 | € 2,033 | € 12,194 | ▲ € 10,160 |
| Equity | € 2,150 | € -1,307 | € 726 | € 12,920 | ▲ € 12,194 |
| Total debts | € 33,714 | € 33,316 | € 36,656 | € 34,526 | ▼ 6% |
| Cash | € 2,321 | € 2,772 | € 223 | € 4,604 | ▲ € 4,381 |
| Retained profit | € -104,050 | € -107,507 | € -105,474 | € -93,280 | ▲ € 12,194 |
| Bank debt | € 1,089 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 35,864 | € 32,009 | € 37,383 | € 47,446 | ▲ 27% |
Key figures of TIM MICHELS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TIM MICHELS?
What happened at TIM MICHELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 12,194 (▲ € 10,160 vs 2023). filed late Source: NBB ↗
- New establishment in Dilbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,375 loss in 2021 to € 12,194 profit in 2024.
Paid € 1,970 in corporate taxes since 2021.
Best year ever: 2024, with € 12,194 profit.
Management
Behind TIM MICHELS are Tim Michels and Luc Michels. It owns 50% of Minivos itself.
Directors
According to the 2024 annual accounts
Tim Michels
Administrator-manager
Luc Michels
Administrator-manager
Establishments
Establishment units
Physical locations of this company
Kattestraat 17
1750 Lennik
Jan De Trochstraat 44
1703 Dilbeek
Active since 1 September 2010
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0828.883.311
- VAT number
- BE 0828.883.311
- Registered office
- Kattestraat 17, 1750 Lennik
- Names & denominations
- TIM MICHELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 August 2010
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
Cafés en bars
Cateringdiensten op contractbasis en overige diensten in verband met maaltijden
Overige eetgelegenheden