MICHIELS S. GARAGE
ActiveSummary
MICHIELS S. GARAGE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €183k and a net result of €17k. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 21% of 1037 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▼-34
Solvency42▼-5
Growth52=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.16 in 2024; short-term debt: 20.7% and cash: 2.3% of total assets), and 82.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.4%
Return on assets
1.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1037 sector peers (2025).
NBB · sector comparisonPosition among 1037 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
22 d late
2023
35 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€183k▲ 10.3%
2024 · €166k
2023: €102k
2024: €166k
2023 → 2025
Total assets
€1.05M▲ 39.9%
2024 · €753k
2023: €182k
2024: €753k
2023 → 2025
Net result
€17k▼ 73.2%
2024 · €64k
2023: €100k
2024: €64k
2023 → 2025
Working capital
€-7k
2024 · €26k
2023: €77k
2024: €26k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€102k-€166k▲ 62.6%€183k▲ 10.3%
Operating result€127k-€97k▼ 23.5%€33k▼ 65.6%
Net result€100k-€64k▼ 35.8%€17k▼ 73.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 66% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€842k ▲ 50.0%
Current assets
€211k ▲ 10.2%
Equity and liabilities €1.05M
Equity
€183k ▲ 10.3%
Debt
€870k ▲ 48.3%
Debt's share of the balance-sheet total rises from 77.9% to 82.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€81k▼
2024 · €127k
Cash flow
€65k▼
2024 · €94k
Current ratio
0.97▼
2024 · 1.16
Quick ratio
0.33▼
2024 · 0.47
Debt to equity
4.75▲
2024 · 3.53
ROE
9.4%▼
2024 · 38.5%
ROA
1.6%▼
2024 · 8.5%
Interest coverage
2.92▼
2024 · 13.55
Debt ≤ 1 year
€218k▲
2024 · €165k
Debt > 1 year
€652k▲
2024 · €422k
Income taxes
€6k▼
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€753k€1.05M▲
Fixed assets21/28€561k€842k▲
Tangible fixed assets22/27€561k€842k▲
Land and buildings22€521k€793k▲
Plant, machinery and equipment23€15k€11k▼
Furniture and vehicles24€18k€31k▲
Other tangible fixed assets26€8k€7k▼
Current assets29/58€192k€211k▲
Stocks and contracts in progress3€114k€139k▲
Stocks30/36€114k€139k▲
Amounts receivable within one year40/41€22k€48k▲
Trade receivables40€22k€47k▲
Other amounts receivable41€309€764▲
Cash at bank and in hand54/58€52k€24k▼
Deferred charges and accrued income490/1€3k€66▼
Equity and liabilities
Total equity and liabilities10/49€753k€1.05M▲
Equity10/15€166k€183k▲
Contributions10/11€3k€3k=
Capital10€3k€3k=
Issued capital100€3k€3k=
Profit (loss) carried forward14€164k€181k▲
Amounts payable17/49€587k€870k▲
Amounts payable after more than one year17€422k€652k▲
Financial debts170/4€422k€652k▲
Amounts payable within one year42/48€165k€218k▲
Current portion of amounts payable after more than one year42€16k€29k▲
Financial debts43-€38k
Credit institutions430/8-€38k
Trade debts44€50k€62k▲
Suppliers440/4€50k€62k▲
Taxes, remuneration and social security45€32k€34k▲
Taxes450/3€28k€30k▲
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€68k€55k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€47k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€129k€85k▼
Operating profit (loss)9901€97k€33k▼
Financial income75/76B€1€17k▲
Recurring financial income75€1€1▼
Non-recurring financial income76B-€17k
Financial charges65/66B€9k€28k▲
Recurring financial charges65€9k€28k▲
Profit (loss) for the period before taxes9903€88k€23k▼
Income taxes67/77€24k€6k▼
Profit (loss) for the period9904€64k€17k▼
Profit (loss) for the period to be appropriated9905€64k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€164k€181k▲
Profit (loss) brought forward from the previous period14P€100k€164k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €17k ▼73.2%
Net result drops to €17k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Equity above €150kEq €166k ▲62.6%
2 profitable years in a row build equity to €166k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue d'Edimbourg 816040 Charleroi1 establishment unit
MICHIELS S. GARAGE
since 20222.336.974.082
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CROES.C
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SPEED ROAD
BE 0715.838.323
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GVR DESSEL
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Of 7,375 companies in sector 95311 we hold annual accounts for 2,959. 2,335 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
33120Repair and maintenance of machinery
33170Repair, maintenance and installation of machinery and equipment
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95313Repair and fitting of specific motor vehicle parts
95315Tyre services
95319Other maintenance and repair of motor vehicles
47820Retail sale of motor vehicle parts and accessories
46713Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filings
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:garagemichielsmercedes@gmail.com
E-mail:garagemichielssmercedes@gmail.com
Phone:+32497993112