August Michiels
ActiveSummary
August Michiels has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €578,358 and a net result of €87,505. Equity has been growing by about 12% per year since 2018. Its solvency ranks better than 77% of 12,775 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 03-01-1978 Normal situation
- Activity
- Retail sale of cars and light vans (up to 3.5 tonnes) NACE 47811and 2 others
- Joint committee
- 112 Paritair Comité voor het garagebedrijf · annual accounts 2025
- Establishment unit
- 2.017.755.990 2440 Geel, since 01-01-1978
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Board and ownership
- Michiels JozefDirector
- Vangenechten HeidiDirector
- Holdings
- Shares in 1 company MICHIELS CARS
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €165,214
- ▼ 12.0%
- Turnover
- ≈ €870,000
- estimated
- Profit
- €87,505
- ▼ 15.3%
- Equity
- €578,358
- ▲ 17.8%
- Total assets
- €895,517
- ▲ 37.2%
- 2025 accounts filed 6 days after the deadline
Score breakdownraises riskSector: Retail trade (NACE 47)lowers riskSize: total assets €895,517Founded in 1978Equity €578,358 (64.6% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 77% of them on solvency, 61% on liquidity, 73% on profitability and 71% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Key points
- Positive: 5 profitable years in a rowprofit 2025: €87,505 5 years View
Comparable companies
These companies have the same main activity as August Michiels: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €722,000 and €853,000, founded between 1973 and 1982.
| Company | Total assets | Gross margin |
|---|---|---|
| August Michiels Geel | €895,517 | €165,214 |
| GARAGE AERTS HERMAN Putte | €767,440 | €189,915 |
| AUTOBEDRIJF VANACKER - VERHELST Koekelare | €839,394 | €149,324 |
| GARAGE DE VRIENDT Sint-Lievens-Houtem | €763,208 | €156,018 |
| FND Messancy | €853,356 | €173,271 |
| Garage GHYSELINCK Eeklo | €758,409 | €183,738 |
| MOBIC Lummen | €721,541 | €160,126 |
Key facts about August Michiels
- What is the company number of August Michiels?
- The company number of August Michiels is 0418.241.036. The VAT number is the same number with BE in front: BE 0418.241.036.
- Where is August Michiels based?
- The registered office is at Retieseweg 98, 2440 Geel.Company details
- What does August Michiels do?
- According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
- What is the legal form of August Michiels?
- The legal form of August Michiels is Private limited company (pre-2019) (BVBA).
- When was August Michiels founded?
- August Michiels was founded on 03-01-1978.
- Is August Michiels still active?
- Yes, August Michiels is an active enterprise in the KBO register.
- Which joint committee does August Michiels fall under?
- In its 2025 annual accounts, August Michiels states joint committee 112 (Paritair Comité voor het garagebedrijf).
- What is the turnover of August Michiels?
- The turnover in financial year 2025 is ≈ €870,000. This figure is estimated from the gross margin of €165,214 and 38 comparable companies (NACE 47811). It probably lies between €580,000 and €2.2m.Financials
- Is August Michiels profitable?
- In financial year 2025, August Michiels made a profit of €87,505.
- Where can I find the annual accounts of August Michiels?
- August Michiels filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of August Michiels due?
- August Michiels must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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