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 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GARAGE OTTEVAERE from Boortmeerbeek, company number BE0420902004, closed financial year 2025 with a result of € 418,532 after tax. For that financial year GARAGE OTTEVAERE recorded revenue of € 39 million and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 617,043 to € 418,532. The company is profitable. The buffer shrank hard: equity is 72 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2026.
€ 1.9 million
▼ 72% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 418,532
▼ 32% vs 2024
Profit after tax over the fiscal year.
€ 699,817
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 5.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
32
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.7 million
▲ 6% vs 2024
€ 85,200 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.
€ 388,947
▲ 125% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.2 million
€ 310,958 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 3.6 million
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 37 days on average.
€ 285,978
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 42,314,994 | € 50,779,955 | € 46,420,194 | € 39,010,486 | ▼ 16% |
| Profit after taxes | € 610,184 | € 818,787 | € 617,043 | € 418,532 | ▼ 32% |
| Equity | € 6,035,058 | € 6,033,845 | € 6,650,888 | € 1,869,420 | ▼ 72% |
| Total debts | € 8,731,137 | € 7,242,907 | € 4,872,778 | € 8,428,267 | ▲ 73% |
| Cash | € 1,851,616 | € 2,285,566 | € 2,064,026 | € 699,817 | ▼ 66% |
| Land & buildings | € 121,672 | € 71,393 | € 22,683 | € 11,772 | ▼ 48% |
| Retained profit | € 5,835,058 | € 5,833,845 | € 6,450,888 | € 1,669,420 | ▼ 74% |
| Dividend | € 0 | € 820,000 | € 0 | € 5,200,000 | |
| Bank debt | € 1,400,000 | € 0 | € 0 | € 4,199,303 | |
| Balance sheet total | € 14,766,195 | € 13,276,752 | € 11,523,667 | € 10,297,687 | ▼ 11% |
| Employees (FTE) | 26.6 | 28.4 | 30.6 | 32 | ▲ 1.4 |
Key figures of GARAGE OTTEVAERE, 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 OTTEVAERE?
What happened at GARAGE OTTEVAERE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ottevaere Invest BV stepped down as director. NBB
- Joos Management Consulting BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 418,532 (▼ 32% vs 2024). filed late Source: NBB ↗
- Ottevaere Invest BV became a director. NBB
- New establishment in Boortmeerbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 610,184 profit in 2022 to € 418,532 profit in 2025.
Paid € 886,532 in corporate taxes since 2022.
Best year ever: 2023, with € 818,787 profit.
Paid out € 6 million in dividends to the owners in total.
Management
The stake of OTTIMMO MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GARAGE OTTEVAEREThe shares are held by OTTIMMO MANAGEMENT (99.9%).
Directors
According to the 2025 annual accounts
Director · represented by Matthias Ottevaere
since 2025 · until 2031
Director · represented by Davy Joos
· until 2031
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 135
3191 Boortmeerbeek
Leuvensesteenweg 135
3190 Boortmeerbeek
Active since 1 February 1981
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
- 0420.902.004
- VAT number
- BE 0420.902.004
- Registered office
- Leuvensesteenweg 135, 3191 Boortmeerbeek
- Names & denominations
- GARAGE OTTEVAERE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 1980
- Peppol
- Active · Active since 24 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)
Onderhoud en reparatie van auto's
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)