AM MICHIELS
ActiveAM MICHIELS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.30M and a net result of €85k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 86% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+2
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 13.45 against 14.1 in 2024; short-term debt: 5.3% and cash: 43.1% of total assets), and 17.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
82.8%
Return on assets
3.1%
Age of the figures
17 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 19-12-2025, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
31 d late
2023
20 d late
2022
15 d late
2021
7 d late
2020
22 d late
2019
3 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close22-09-2026 today30-11-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.30M▲ 3.9%
2024 · €2.21M
2019: €1.78M
2020: €1.89M
2021: €2.06M
2022: €2.13M
2023: €2.17M
2024: €2.21M
2019 → 2025
Total assets
€2.77M▲ 2.5%
2024 · €2.70M
2019: €1.93M
2020: €2.48M
2021: €2.72M
2022: €2.76M
2023: €2.64M
2024: €2.70M
2019 → 2025
Net result
€85k▲ 102%
2024 · €42k
2019: €67k
2020: €111k
2021: €168k
2022: €71k
2023: €38k
2024: €42k
2019 → 2025
Working capital
€1.84M▲ 6.3%
2024 · €1.73M
2019: €1.48M
2020: €1.59M
2021: €1.76M
2022: €1.69M
2023: €1.68M
2024: €1.73M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.06M-€2.13M▲ 3.4%€2.17M▲ 1.8%€2.21M▲ 1.9%€2.30M▲ 3.9%
Operating result€233k-€98k▼ 58.1%€112k▲ 14.8%€40k▼ 64.6%€107k▲ 169%
Net result€168k-€71k▼ 57.9%€38k▼ 46.0%€42k▲ 10.3%€85k▲ 102%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 169% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.77M
Fixed assets
€778k▼ 6.8%
Current assets
€1.99M▲ 6.7%
Equity and liabilities €2.77M
Equity
€2.30M▲ 3.9%
Debt
€475k▼ 3.4%
The debt ratio falls from 18.2% to 17.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€173k▲
2024 · €108k
Cash flow
€152k▲
2024 · €110k
Solvency
82.8%▲
2024 · 81.8%
Current ratio
13.45▼
2024 · 14.10
Quick ratio
13.01▲
2024 · 12.47
Debt / equity
0.21▼
2024 · 0.22
ROE
3.7%▲
2024 · 1.9%
ROA
3.1%▲
2024 · 1.6%
Interest coverage
24.07▲
2024 · 15.87
Debt
€475k▼
2024 · €492k
Debt ≤ 1 year
€148k▲
2024 · €132k
Debt > 1 year
€327k▼
2024 · €359k
Income taxes
€29k▲
2024 · €17k
Staff costs
€400k▲
2024 · €376k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.70M€2.77M▲
Fixed assets21/28€835k€778k▼
Tangible fixed assets22/27€835k€778k▼
Land and buildings22€690k€647k▼
Plant, machinery and equipment23€135k€119k▼
Furniture and vehicles24€10k€12k▲
Current assets29/58€1.87M€1.99M▲
Stocks and contracts in progress3€215k€64k▼
Stocks30/36€215k€64k▼
Amounts receivable within one year40/41€674k€712k▲
Trade receivables40€346k€354k▲
Other amounts receivable41€328k€358k▲
Cash at bank and in hand54/58€955k€1.19M▲
Deferred charges and accrued income490/1€24k€22k▼
Equity and liabilities
Total equity and liabilities10/49€2.70M€2.77M▲
Equity10/15€2.21M€2.30M▲
Contributions10/11€508k€508k=
Reserves13€1.70M€1.79M▲
Tax-exempt reserves132€433€433=
Distributable reserves133€1.70M€1.79M▲
Amounts payable17/49€492k€475k▼
Amounts payable after more than one year17€359k€327k▼
Financial debts170/4€359k€327k▼
Amounts payable within one year42/48€132k€148k▲
Current portion of amounts payable after more than one year42€32k€32k▲
Financial debts43€23k€23k=
Credit institutions430/8€23k€23k=
Trade debts44€13k€29k▲
Suppliers440/4€13k€29k▲
Taxes, remuneration and social security45€65k€64k▼
Taxes450/3€24k€31k▲
Remuneration and social security454/9€41k€33k▼
Income statement
Code20242025
Remuneration, social security and pensions62€376k€400k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€67k▼
Other operating charges640/8€10k€11k▲
Gross operating margin9900€494k€585k▲
Operating profit (loss)9901€40k€107k▲
Financial income75/76B€26k€15k▼
Recurring financial income75€3k€8k▲
Non-recurring financial income76B€23k€6k▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€59k€114k▲
Income taxes67/77€17k€29k▲
Profit (loss) for the period9904€42k€85k▲
Profit (loss) for the period to be appropriated9905€42k€85k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€85k▲
Transfer to equity691/2€42k€85k▲
To other reserves6921€42k€85k▲
Social balance
Average headcount (FTE)90874.15.3▲
The notes to these accounts (11 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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
30-04
Financial
Weakest financial yearnet €38k ▼46%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
30-04
Financial
Liquidity doublescurrent ratio 20.87
Current ratio from 9.19 to 20.87; short-term debt falls from €206k to €85k.
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 15 days late
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 7 days late
30-04
Financial
Highest result since 2019net €168k ▲51.7%
Operating result €233k, net result €168k, both a record.
30-04
Financial
Equity above €2MEq €2.06M ▲8.9%
3 profitable years in a row build equity to €2.06M.
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 22 days late
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 3 days late
2018
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 4 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
05-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Willebroek · 2 establishment units since 2007
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.
Blaasveldstraat 722830 WillebroekGround area
5,523 m²
Building footprint
2,955 m²
Volume, LiDAR
3,194 m³
2 parcels, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Aston Martin Michiels Sales, Service & Heritage Centre
since 20072.162.879.967
AM MICHIELS
since 20202.303.133.356
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12036B0569/00A000 | Flanders | 4,575 m² | 1 · 2,407 m² | 12.9 m |
| 12036B0389/00N000 | Flanders | 949 m² | 1 · 548 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 42,604 EUR awarded · 42,604 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 15,073 EUR | 15,073 EUR |
| 2024 | 1 | 9,723 EUR | 9,723 EUR |
| 2023 | 1 | 9,338 EUR | 9,338 EUR |
| 2022 | 1 | 8,470 EUR | 8,470 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
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Of 2,128 companies in sector 46711 we hold annual accounts for 1,126. 448 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-05-2007
Fiscal year end30-04
Activities, NACEBEL
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50101
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50103
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.