Financials
Financial year 2024
GARAGE MICHEL from Tongeren-Borgloon, company number BE0860890143, closed financial year 2024 with a result of € -288,510 after tax. Compared with financial year 2023, the result moved from € 763,227 to € -288,510. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2025.
€ 4.1 million
▼ 7% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -288,510
▼ still € 763,227 profit in 2023
Profit after tax over the fiscal year.
€ 1,289
▲ 20% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.1 million.
People and assets in 2024
€ 69
▼ 98% 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.
€ 135,890
▼ 53% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 220 days on average.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 32,178,579 | € 40,006,036 | € 21,784,950 | - | |
| Profit after taxes | € 224,937 | € 613,343 | € 763,227 | € -288,510 | ▼ € 1.1 million |
| Equity | € 2,175,280 | € 3,633,582 | € 4,396,809 | € 4,108,299 | ▼ 7% |
| Total debts | € 7,741,009 | € 5,251,450 | € 716,737 | € 208,159 | ▼ 71% |
| Cash | € 4,456 | € 22,162 | € 1,074 | € 1,289 | ▲ 20% |
| Land & buildings | € 1,083,720 | € 904,713 | € 721,521 | € 537,950 | ▼ 25% |
| Retained profit | € 2,113,280 | € 2,671,582 | € 3,434,809 | € 3,146,299 | ▼ 8% |
| Bank debt | € 95,595 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 9,916,289 | € 8,885,032 | € 5,113,546 | € 4,316,458 | ▼ 16% |
| Employees (FTE) | 28.9 | 29.4 | 20.9 | - |
Key figures of GARAGE MICHEL, 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 GARAGE MICHEL?
What happened at GARAGE MICHEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philip Boden stepped down as director. NBB
- SCT INVEST stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 288,510 (▼ € 1.1 million vs 2023). Source: NBB ↗
- Philip Boden became a director. NBB
- SCT INVEST became a director. NBB
- New establishment in Tongeren-Borgloon. KBO
- Start of the company according to the CBE. KBO
- New establishment in Hasselt. KBO
In short
From € 224,937 profit in 2021 to € 288,510 loss in 2024.
Paid € 570,668 in corporate taxes since 2021.
Best year ever: 2023, with € 763,227 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Garage Philip Boden NV (100%).
Directors
According to the 2024 annual accounts
Philip Boden
Managing director
Also active at: GENERAL LEASE, General Investments, Garage Philip Boden
since 2024 · until 2030
Managing director · represented by Stephanie Boden
Also active at: GENERAL LEASE, General Investments, Garage Philip Boden
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Luikersteenweg 204
3700 Tongeren-Borgloon
Herkenrodesingel 4
3500 Hasselt
Active since 2 October 2003
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
- 0860.890.143
- VAT number
- BE 0860.890.143
- Registered office
- Luikersteenweg 204, 3700 Tongeren-Borgloon
- Names & denominations
- GARAGE MICHEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 2003
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in motorvoertuigen
Groothandel in 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)