Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Garage Neyt from Lokeren, company number BE0414723696, closed financial year 2025 with a result of € 906,460 after tax. For that financial year Garage Neyt recorded revenue of € 30 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 388,593 to € 906,460. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 2.3 million
▲ 67% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 906,460
▲ 133% vs 2024
Profit after tax over the fiscal year.
€ 106,751
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.2 million.
People and assets in 2025
21.1
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▲ 43% vs 2024
€ 103,900 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.
€ 148,178
▲ € 141,916 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5 million
▼ 1% vs 2024
€ 50,004 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 10.2 million
▲ 125% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 142 days on average.
€ 360,964
▲ 58% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,233,658 | € 19,335,040 | € 21,027,017 | € 29,983,223 | ▲ 43% |
| Gross margin | € 1,717,885 | € 2,836,112 | € 2,702,326 | - | |
| Profit after taxes | € 322,939 | € 453,958 | € 388,593 | € 906,460 | ▲ 133% |
| Equity | € 507,138 | € 961,096 | € 1,349,689 | € 2,256,150 | ▲ 67% |
| Total debts | € 9,058,302 | € 11,104,184 | € 10,246,608 | € 15,615,988 | ▲ 52% |
| Cash | € 183,827 | € 835,090 | € 301,777 | € 106,751 | ▼ 65% |
| Retained profit | € 445,165 | € 899,123 | € 1,287,716 | € 2,194,176 | ▲ 70% |
| Bank debt | € 3,770,840 | € 5,158,633 | € 5,036,646 | € 4,977,376 | ▼ 1% |
| Balance sheet total | € 9,565,440 | € 12,065,280 | € 11,662,297 | € 17,872,137 | ▲ 53% |
| Employees (FTE) | 19.9 | 20 | 21 | 21.1 | ▲ 0.1 |
Key figures of Garage Neyt, 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 Garage Neyt?
What happened at Garage Neyt in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ADV Automotive Group BV stepped down as director. NBB
- Geoffrey Vanspringel stepped down as director. NBB
- Glenn Neyt stepped down as director. NBB
- Benjamin Abeloos stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 906,460 (▲ 133% vs 2024). Source: NBB ↗
- ADV Automotive Group BV became a director. NBB
- Geoffrey Vanspringel became a director. NBB
- Glenn Neyt became a director. NBB
In short
From € 322,939 profit in 2022 to € 906,460 profit in 2025.
Paid € 630,588 in corporate taxes since 2022.
Best year ever: 2025, with € 906,460 profit.
On average € 128,700 of value added per employee in 2024.
Management
The stake of GARAGE J. DE GROOF, NEYT BEHEER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Garage NeytThe shares are held by GARAGE J. DE GROOF (100%) and NEYT BEHEER.
Directors
According to the 2025 annual accounts
Managing director · represented by Benedictus De Groof
Also active at: Joossens, VANSPRINGEL AUTOMOBILES, GARAGE J. DE GROOF, AB AUTOMOTIVE, LABRUM, M.W.A., BBP Import
since 2026 · until 2032
Geoffrey Vanspringel
Director
Also active at: VANSPRINGEL AUTOMOBILES, GARAGE J. DE GROOF, VANSPRINGEL MANAGEMENT, LABRUM, M.W.A.
since 2025 · until 2031
Glenn Neyt
Director
since 2025 · until 2031
Benjamin Abeloos
Director
Also active at: GARAGE J. DE GROOF, MEGACHARGE, LABRUM, M.W.A., Felix Kollektif
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gentse Steenweg 39
9160 Lokeren
Koningin Astridlaan 68
9230 Wetteren
Active since 1 January 2005
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
EUSIP-RACK66, BE
Website info
Features
Security
Details
- Company number
- 0414.723.696
- VAT number
- BE 0414.723.696
- Registered office
- Gentse Steenweg 39, 9160 Lokeren
- Names & denominations
- Garage Neyt
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 1974
- Peppol
- Active · Active since 23 Dec 2025
- Contact
- neyt.be [email protected] 09/340.50.44
- 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)
Onderhoud en reparatie van auto's
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)