August Michiels
ActiveAugust Michiels has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €578k and a net result of €88k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 77% of 10252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-8
Solvency90▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.78 against 4.15 in 2024; short-term debt: 32% and cash: 15.1% of total assets), and 35.4% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
64.6%
Return on assets
9.8%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
6 d late
2024
3 d early
2023
41 d early
2022
34 d early
2021
2 d late
2020
59 d late
2019
61 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€578k▲ 17.8%
2024 · €491k
2018: €297k
2019: €312k
2020: €259k
2021: €264k
2022: €326k
2023: €388k
2024: €491k
2018 → 2025
Total assets
€896k▲ 37.2%
2024 · €653k
2018: €382k
2019: €469k
2020: €405k
2021: €394k
2022: €448k
2023: €511k
2024: €653k
2018 → 2025
Net result
€88k▼ 15.3%
2024 · €103k
2018: €26k
2019: €15k
2020: €-53k
2021: €5k
2022: €61k
2023: €62k
2024: €103k
2018 → 2025
Working capital
€-63k
2024 · €385k
2018: €209k
2019: €214k
2020: €173k
2021: €183k
2022: €224k
2023: €256k
2024: €385k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€264k-€326k▲ 23.3%€388k▲ 19.0%€491k▲ 26.6%€578k▲ 17.8%
Operating result€7k-€70k▲ 918%€89k▲ 27.5%€150k▲ 68.8%€110k▼ 26.7%
Net result€5k-€61k▲ 1,030%€62k▲ 0.6%€103k▲ 67.0%€88k▼ 15.3%
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 falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €896k
Fixed assets
€672k▲ 363%
Current assets
€224k▼ 56.0%
Equity and liabilities €896k
Equity
€578k▲ 17.8%
Debt
€317k▲ 95.7%
The debt ratio rises from 24.8% to 35.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€156k▼
2024 · €183k
Cash flow
€134k▼
2024 · €137k
Solvency
64.6%▼
2024 · 75.2%
Current ratio
0.78▼
2024 · 4.15
Quick ratio
0.58▼
2024 · 3.59
Debt / equity
0.55▲
2024 · 0.33
ROE
15.1%▼
2024 · 21.0%
ROA
9.8%▼
2024 · 15.8%
Interest coverage
37.83▼
2024 · 42.97
Debt
€317k▲
2024 · €162k
Debt ≤ 1 year
€286k▲
2024 · €122k
Debt > 1 year
€31k▼
2024 · €40k
Income taxes
€20k▼
2024 · €44k
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€653k€896k▲
Fixed assets21/28€145k€672k▲
Tangible fixed assets22/27€123k€649k▲
Land and buildings22-€491k
Plant, machinery and equipment23€15k€39k▲
Furniture and vehicles24€25k€55k▲
Other tangible fixed assets26€83k€63k▼
Financial fixed assets28€23k€23k=
Current assets29/58€508k€224k▼
Stocks and contracts in progress3€68k€57k▼
Stocks30/36€68k€57k▼
Amounts receivable within one year40/41€55k€28k▼
Trade receivables40€54k€24k▼
Other amounts receivable41€299€4k▲
Cash at bank and in hand54/58€385k€135k▼
Deferred charges and accrued income490/1€172€3k▲
Equity and liabilities
Total equity and liabilities10/49€653k€896k▲
Equity10/15€491k€578k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€311k€398k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€309k€397k▲
Profit (loss) carried forward14€161k€161k=
Amounts payable17/49€162k€317k▲
Amounts payable after more than one year17€40k€31k▼
Financial debts170/4€40k€31k▼
Amounts payable within one year42/48€122k€286k▲
Current portion of amounts payable after more than one year42€10k€10k▼
Trade debts44€38k€198k▲
Suppliers440/4€38k€198k▲
Taxes, remuneration and social security45€35k€16k▼
Taxes450/3€32k€12k▼
Remuneration and social security454/9€3k€3k▼
Other amounts payable47/48€39k€63k▲
Income statement
Code20242025
Non-recurring operating income76A€9-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€47k▲
Other operating charges640/8€4k€9k▲
Gross operating margin9900€188k€165k▼
Operating profit (loss)9901€150k€110k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€147k€107k▼
Income taxes67/77€44k€20k▼
Profit (loss) for the period9904€103k€88k▼
Profit (loss) for the period to be appropriated9905€103k€88k▼
Appropriation of the result
Profit (loss) to be appropriated9906€265k€249k▼
Profit (loss) brought forward from the previous period14P€161k€161k=
Transfer to equity691/2€103k€88k▼
To other reserves6921€103k€88k▼
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
31-12
Financial
Equity above €500kEq €578k ▲17.8%
5 profitable years in a row build equity to €578k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €103k ▲67%
Operating result €150k, net result €103k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Weakest financial yearnet €-53k ▼451%
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Geel · 1 establishment unit since 1978
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.
Retieseweg 982440 GeelGround area
4,494 m²
Building footprint
1,061 m²
Volume, LiDAR
4,970 m³
Parcel 13372A0953/00R003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AUGUST MICHIELS
since 19782.017.755.990
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13372A0953/00R003 | Flanders | 4,494 m² | 1 · 1,061 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 2023 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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AUTOSCHADE GUNTHER BROCKEN
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GARAGE des ARDENNES
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Of 10,679 companies in sector 47811 we hold annual accounts for 5,225. 3,366 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-01-1978
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50103
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47300Retail sale of automotive fuel
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.