Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TOP MOTORS WAREGEM from Waregem, company number BE0407820365, closed financial year 2025 with a result of € 123,605 after tax. For that financial year TOP MOTORS WAREGEM recorded revenue of € 36.2 million and equity of € 4.5 million. Compared with financial year 2024, the result moved from € 183,577 to € 123,605. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 4.5 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 123,605
▼ 33% vs 2024
Profit after tax over the fiscal year.
€ 1.5 million
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 70,000 paid out
57 % of the profit went to the shareholders, mostly to TOP MOTORS SERVICES (100 % of the shares). That is where the money ends up.
People and assets in 2025
29.1
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▲ 2% vs 2024
€ 72,300 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.
€ 25,829
▲ 51% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.1 million
▼ 14% vs 2024
Loans from banks and other lenders, long and short.
€ 613,096
▲ 103% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 7 days on average.
€ 226,395
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 29,104,795 | € 50,281,876 | € 41,172,667 | € 36,240,350 | ▼ 12% |
| Profit after taxes | € 84,645 | € 181,680 | € 183,577 | € 123,605 | ▼ 33% |
| Equity | € 4,332,657 | € 4,374,337 | € 4,457,914 | € 4,511,519 | ▲ 1% |
| Total debts | € 6,353,436 | € 9,103,410 | € 9,728,157 | € 9,133,913 | ▼ 6% |
| Cash | € 1,057,670 | € 1,753,457 | € 1,627,808 | € 1,537,422 | ▼ 6% |
| Retained profit | € 3,809,911 | € 3,851,591 | € 3,935,167 | € 3,988,772 | ▲ 1% |
| Dividend | € 50,000 | € 140,000 | € 100,000 | € 70,000 | ▼ 30% |
| Bank debt | € 5,237,737 | € 7,750,727 | € 8,272,770 | € 7,094,953 | ▼ 14% |
| Balance sheet total | € 10,686,093 | € 13,477,747 | € 14,186,071 | € 13,645,432 | ▼ 4% |
| Employees (FTE) | 26.6 | 25.5 | 29.6 | 29.1 | ▼ 0.5 |
Key figures of TOP MOTORS WAREGEM, 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 TOP MOTORS WAREGEM?
What happened at TOP MOTORS WAREGEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 123,605 (▼ 33% vs 2024). Source: NBB ↗
- Haboman BV stepped down as director. NBB
- Top Motors Invest NV stepped down as director. NBB
- Varaco BV stepped down as director. NBB
- Top Motors Invest NV became a director. NBB
- Varaco BV became a director. NBB
- Haboman BV became a director. NBB
- New establishment in Waregem. KBO
In short
From € 84,645 profit in 2022 to € 123,605 profit in 2025.
Paid € 214,655 in corporate taxes since 2022.
Best year ever: 2024, with € 183,577 profit.
Paid out € 360,000 in dividends to the owners in total.
Management
The stake of TOP MOTORS SERVICES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TOP MOTORS WAREGEMThe shares are held by TOP MOTORS SERVICES (100%).
Directors
According to the 2025 annual accounts
Director · represented by Hans Boels
Also active at: Motogroup, TOP MOTORS ROESELARE, TOP MOTORS OUDENAARDE, KELLER LUFTTECHNIK BENELUX, TOP MOTORS INVEST, TOP MOTORS KORTRIJK, BC OUDE KASSEI, HAFIBO +6 more
since 2020 · until 2026
Managing director · represented by Louis Vanderstichele
Also active at: TOP MOTORS ROESELARE, TOP MOTORS OUDENAARDE, TOP MOTORS KORTRIJK, EURO-VEG Belgium, TOP MOTORS SERVICES, TOP MOTORS WEVELGEM, TOP REPAIR, TOP MOTORS TIELT
since 2023 · until 2026
Managing director · represented by Thomas Vanderstichele
Also active at: TOP MOTORS ROESELARE, TOP MOTORS OUDENAARDE, TOP MOTORS INVEST, TOP MOTORS KORTRIJK, EURO-VEG Belgium, TOP MOTORS SERVICES, TOP MOTORS WEVELGEM, TOP REPAIR +1 more
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vijfseweg 10
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0407.820.365
- VAT number
- BE 0407.820.365
- Registered office
- Vijfseweg 10, 8790 Waregem
- Names & denominations
- TOP MOTORS WAREGEM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 1970
- Peppol
- Active · Active since 20 Nov 2020
- 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)
Detailhandel in motorbrandstoffen
Algemeen onderhoud en reparatie van 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)