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Garage Michel

Active
Private limited companyfounded 1990active for 35 yearsKauwlei 89, 2550 Kontich, BelgiumKBO/BCE: BE 0442.027.515
Summary

The computed 12-month bankruptcy probability of Garage Michel is 6.8% (elevated). For Garage Michel, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €12,610 and a net result of €4,417. Equity is shrinking by about 5.6% per year across the filed financial years. Its solvency ranks better than 33% of 24,005 sector peers (NACE 47, financial year 2023). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.

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Garage MichelActive
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Overview

Activity
Retail sale of automotive fuel
NACE 47300
1 site
Size
€95,601total assets 2023
Equity
€12,610
Profit
€4,417
Turnover not published (abbreviated or micro format)
Financial health
Bankruptcy probabilitywithin 12 months
6.8%
2023 figures too old to score
Structure
2024 accounts not filed, 452 days past the deadline
Signalsraises riskFigures for financial year 2023 (filed 19-08-2024)2 financial years not filed after the legal deadline; last filed accounts filed 19 days lateSector: Retail trade (NACE 47)Two or more financial years not filed2023 accounts filed 19 days latelowers riskFounded in 1990Show the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Weak
Solvency 38-12
equity 13.2% of total assets
Liquidity 9-3
short-term debt 86.8% · cash 5.4%
Profitability 75-7
return on assets 4.6%
Bankruptcy probability, 12 months
6.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,242 companies, NACE 47, micro)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025lowest value 03-2025: 0.4%● unchanged vs 02-2025lowest value 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.3 percentage points vs 06-2025 08-2025: 1.1%▲ +0.4 percentage points vs 07-2025 09-2025: 1.3%▲ +0.2 percentage points vs 08-2025 10-2025: 1.9%▲ +0.6 percentage points vs 09-2025 11-2025: 2.2%▲ +0.3 percentage points vs 10-2025 12-2025: 2.7%▲ +0.5 percentage points vs 11-2025 01-2026: 4.4%▲ +1.7 percentage points vs 12-2025 02-2026: 4.4%● unchanged vs 01-2026 03-2026: 4.5%▲ +0.1 percentage points vs 02-2026 04-2026: 4.2%▼ -0.3 percentage points vs 03-2026 05-2026: 4.2%● unchanged vs 04-2026 06-2026: 4.2%● unchanged vs 05-2026 07-2026: 4.2%● unchanged vs 06-2026 08-2026: 5.9%▲ +1.7 percentage points vs 07-2026 09-2026: 6.8%▲ +0.9 percentage points vs 08-2026highest value 10-2026: 6.8%● unchanged vs 09-2026highest value
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Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2023 (filed 19-08-2024)
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline; last filed accounts filed 19 days late
NBB · filings
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Founded in 1990
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline26-10-2026 today
raises risk · 2023 accounts filed 19 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 19-08-2024, 19 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
19 days late
2022
21 days late
2021
17 days late
2020
32 days early
2019
37 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 2 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2023 · micro…
  2. Resignation: BASTON Michaël Germaine Julien (manager…Appointment: BARCHAM Sargon George (director)…
  3. Highest result from 2018 to 2023net €4,417 ▲28.3%

Key points

  • Risk: 2024 accounts not fileddeadline was 31-07-2025 452 days past the deadline View
  • Active since 1990founded 05-12-1990 35 years View
  • One director decidessole director in office 1 View

By topic

Financials

Financial year
2023
Total assets
€95,601
Profit
€4,417
Solvency
13.2%
Total assets▲ 191%
Net result
20182023
Go to Financials

Timeline

Events
37
Since
1992
  1. 21-08-2023Annual accounts filed
  2. 31-12-2022Back to profit
  3. 17-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of automotive fuelNACE 47300
Founded
05-12-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
11
Who signs
Each director alone
Annual meeting
First Monday of May at 14:00
Purpose
“Uitbating van benzine- en servicestations met kleinhandel in…” (deed in Dutch)
Go to Articles of association

Key facts about Garage Michel

What is the company number of Garage Michel?
0442.027.515. In Belgium the VAT number is the company number with BE in front: BE 0442.027.515.
Where is Garage Michel based?
The registered office is at Kauwlei 89, 2550 Kontich.Company details
What does Garage Michel do?
According to the KBO register, the main activity is retail sale of automotive fuel (NACE 47300).
What is the legal form of Garage Michel?
Private limited company (BV).
When was Garage Michel founded?
On 05-12-1990.
Is Garage Michel still active?
Yes, Garage Michel is an active enterprise in the KBO register.
What is the turnover of Garage Michel?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is Garage Michel profitable?
In financial year 2023, Garage Michel made a profit of €4,417.
Where can I find the annual accounts of Garage Michel?
Garage Michel filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2023.

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