Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5.7 to 3.5.
Financials
Financial year 2025
Garage Vanhulle from Izegem, company number BE0422392339, closed financial year 2025 with a result of € 26,548 after tax. For that financial year Garage Vanhulle recorded a gross margin of € 448,683 and equity of € 994,813. Compared with financial year 2024, the result moved from € 252,720 to € 26,548. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 994,813
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,548
▼ 89% vs 2024
Profit after tax over the fiscal year.
€ 134,657
▲ 151% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 17,490 paid out
66 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
3.5
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 212,772
▼ 42% vs 2024
€ 60,800 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.
€ 12,892
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 450,728
▼ 22% vs 2024
€ 7,118 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 166,389
▼ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 82,789
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 621,580 | € 503,819 | € 802,203 | € 448,683 | ▼ 44% |
| Profit after taxes | € 17,493 | € -145,607 | € 252,720 | € 26,548 | ▼ 89% |
| Equity | € 951,042 | € 733,035 | € 985,755 | € 994,813 | ▲ 1% |
| Total debts | € 642,052 | € 1,013,627 | € 1,156,750 | € 813,436 | ▼ 30% |
| Cash | € 66,966 | € 10,375 | € 53,725 | € 134,657 | ▲ 151% |
| Land & buildings | € 307,274 | € 508,870 | € 542,391 | € 419,972 | ▼ 23% |
| Retained profit | € 789,042 | € 571,035 | € 823,755 | € 832,813 | ▲ 1% |
| Dividend | € 0 | € 72,400 | € 0 | € 17,490 | |
| Bank debt | € 264,392 | € 352,524 | € 581,067 | € 450,728 | ▼ 22% |
| Balance sheet total | € 1,593,094 | € 1,746,662 | € 2,142,506 | € 1,808,249 | ▼ 16% |
| Employees (FTE) | 7.2 | 5.7 | 4.9 | 3.5 | ▼ 1.4 |
Key figures of Garage Vanhulle, 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 Vanhulle?
What happened at Garage Vanhulle in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 26,548 (▼ 89% vs 2024). filed late Source: NBB ↗
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,493 profit in 2022 to € 26,548 profit in 2025.
Paid € 30,417 in corporate taxes since 2022.
Best year ever: 2024, with € 252,720 profit.
On average € 128,200 of value added per employee in 2025.
Management
Behind Garage Vanhulle is Joost VANHULLE. It owns 45.9% of Isogym itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Roeselaarsestraat 505
8870 Izegem
Roeselaarsestraat 600
8870 Izegem
Active since 30 December 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
- 0422.392.339
- VAT number
- BE 0422.392.339
- Registered office
- Roeselaarsestraat 505, 8870 Izegem
- Names & denominations
- Garage Vanhulle
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1981
- Peppol
- Active · Active since 19 May 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)
Carrosserieherstelling (inclusief spuiten en verven)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Carrosserieherstelling
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)