Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Inchcape Belgium Retail from Zaventem, company number BE0403441707, closed financial year 2025 with a result of € -11.6 million after tax. For that financial year Inchcape Belgium Retail recorded revenue of € 193.8 million and equity of € -5.2 million. Compared with financial year 2024, the result moved from € 393,567 to € -11.6 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ -5.2 million
▼ € 11.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11.6 million
▼ still € 393,567 profit in 2024
Profit after tax over the fiscal year.
€ 718,857
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -10.6 million.
People and assets in 2025
86.9
Average over the fiscal year, from the social balance sheet.
€ 7.6 million
€ 87,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 101,450
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 29.3 million
▲ 39% vs 2024
Loans from banks and other lenders, long and short.
€ 22.6 million
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 43 days on average.
€ 2.4 million
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 193,772,176 | |
| Gross margin | € -7,829 | € -18,988 | € 340,528 | - | |
| Profit after taxes | € 2,868 | € 29,772 | € 393,567 | € -11,572,827 | ▼ € 12 million |
| Equity | € 1,022,885 | € 1,052,658 | € 6,349,909 | € -5,222,918 | ▼ € 11.6 million |
| Total debts | € 1,645 | € 16,896 | € 55,040,118 | € 55,511,819 | ▲ 1% |
| Cash | - | - | € 5,137,913 | € 718,857 | ▼ 86% |
| Land & buildings | - | - | € 2,465,035 | € 1,911,421 | ▼ 22% |
| Retained profit | € 597,885 | € 627,658 | € 924,909 | € -10,647,918 | ▼ € 11.6 million |
| Bank debt | € 0 | € 0 | € 21,031,826 | € 29,306,647 | ▲ 39% |
| Balance sheet total | € 1,385,004 | € 1,430,028 | € 61,442,068 | € 50,340,942 | ▼ 18% |
| Employees (FTE) | - | - | - | 86.9 |
Key figures of Inchcape Belgium Retail, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Inchcape Belgium Retail?
What happened at Inchcape Belgium Retail in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kevin Van Hoof stepped down as director. NBB
- Artur Materna stepped down as director. NBB
- Jonathan Petit stepped down as director. NBB
- Valérie De Baere stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 11.6 million (▼ € 12 million vs 2024). Source: NBB ↗
- Gérard Jans stepped down as director. NBB
- Patrick Mathot stepped down as director. NBB
- New establishment in Zaventem. KBO
In short
From € 2,868 profit in 2022 to € 11.6 million loss in 2025.
Best year ever: 2024, with € 393,567 profit.
Pays suppliers within 43 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Inchcape International Group BV (89.9%) and Inchcape Motors International Ltd (0.1%).
Directors
According to the 2025 annual accounts
since 2023 · until 2028
Gérard Jans
Director
since 2024 · until 2025
Artur Materna
Managing director
Also active at: TOYOTA BELGIUM, AUTOPRODUCTS, Inchcape Belgium Distribution, CAR SECURITY
since 2024 · until 2027
since 2024 · until 2027
since 2024 · until 2025
Valérie De Baere
Director
Also active at: TOYOTA BELGIUM, AUTOPRODUCTS, Inchcape Belgium Distribution, CAR SECURITY
since 2021 · until 2027
Shareholders
Inchcape International Group BV
89.9%
Inchcape Motors International Ltd
0.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 369
1932 Zaventem
Leuvensesteenweg 472
1930 Zaventem
Active since 21 February 1997
Ertbruggestraat 108B
2110 Wijnegem
Active since 19 March 2001
Leuvensesteenweg 472
1930 Zaventem
Active since 1 May 2012
Woluwelaan 145
1831 Machelen (Brab.)
Active since 1 October 2022
Ertbruggestraat 108B box .
2110 Wijnegem
Active since 1 March 2023
Gemeenschappenlaan 7
1200 Sint-Lambrechts-Woluwe
Active since 16 September 2024
Leuvensesteenweg 319
1930 Zaventem
Active since 1 January 2025
Turnhoutsebaan 92
2110 Wijnegem
Active since 1 January 2025
Kortrijksesteenweg 160
9830 Sint-Martens-Latem
Active since 1 January 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →TOYOTA BELGIUM same network
€ 762.2 million revenue · 2025
AUTOPRODUCTS same network
€ 78.9 million revenue · 2025
VERMA-IMMO
€ 29,969 gross margin · 2025
GROHE
€ 37.9 million revenue · 2025
Inchcape Belgium Distribution same network
€ 184.6 million revenue · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.441.707
- VAT number
- BE 0403.441.707
- Registered office
- Leuvensesteenweg 369, 1932 Zaventem
- Names & denominations
- Inchcape Belgium Retail
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 29 Nov 2025
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)