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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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 7 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 19.3 to 0.
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Figures corrected NBB
Corrected annual account filed for 2021.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
GARAGE TORNACUM MOTORS from Tournai, company number BE0416550959, closed financial year 2024 with a result of € -1.9 million after tax. For that financial year GARAGE TORNACUM MOTORS recorded a gross margin of € -72,861 and equity of € -1.5 million. Compared with financial year 2023, the result moved from € 1.9 million to € -1.9 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 April 28, 2025.
€ -1.5 million
▼ € 1.9 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.9 million
▼ still € 1.9 million profit in 2023
Profit after tax over the fiscal year.
€ 47,260
▼ 74% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.6 million.
People and assets in 2024
0
▼ 6.7 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 13,757
▼ 97% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 72,494
▼ 89% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 978,998
▲ 6% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,571,488 | € 1,112,858 | € 3,234,306 | € -72,861 | ▼ € 3.3 million |
| Profit after taxes | € -1,832,793 | € -495,696 | € 1,889,301 | € -1,935,528 | ▼ € 3.8 million |
| Equity | € 2,411,722 | € 1,910,061 | € 446,973 | € -1,488,556 | ▼ € 1.9 million |
| Total debts | € 7,986,760 | € 6,768,596 | € 2,340,237 | € 1,601,547 | ▼ 32% |
| Cash | € 154,290 | € 198,915 | € 178,720 | € 47,260 | ▼ 74% |
| Land & buildings | € 3,959,000 | € 3,870,857 | € 0 | - | |
| Retained profit | € -1,070,532 | € -1,566,228 | € 323,073 | € -1,612,456 | ▼ € 1.9 million |
| Bank debt | € 3,262,493 | € 3,730,372 | € 14,524 | € 0 | ▼ 100% |
| Balance sheet total | € 10,398,482 | € 8,678,657 | € 2,787,210 | € 112,991 | ▼ 96% |
| Employees (FTE) | 22.2 | 19.3 | 6.7 | 0 | ▼ 6.7 |
Key figures of GARAGE TORNACUM MOTORS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GARAGE TORNACUM MOTORS?
What happened at GARAGE TORNACUM MOTORS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
GARAGE TORNACUM MOTORS is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 1.9 million (▼ € 3.8 million vs 2023). Source: NBB ↗
- PF GROUPE SA became a director. NBB
- New establishment in Tournai. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.8 million loss in 2021 to € 1.9 million loss in 2024.
Paid € 526,103 in corporate taxes since 2021.
Best year ever: 2023, with € 1.9 million profit.
On average € 482,700 of value added per employee in 2023.
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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 stake of PF GROUPE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GARAGE TORNACUM MOTORSBehind GARAGE TORNACUM MOTORS is PF GROUPE SA. The shares are held by PF GROUPE (99.6%).
Directors
According to the 2024 annual accounts
since 2012
Shareholders
99.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Bruxelles(TOU) 150
7500 Tournai
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0416.550.959
- VAT number
- BE 0416.550.959
- Registered office
- Chaussée de Bruxelles(TOU) 150, 7500 Tournai
- Names & denominations
- GARAGE TORNACUM MOTORS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 23 November 1976
- Peppol
- Not registered
- 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)