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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
GARAGE CORTINA from Zwevegem, company number BE0422670768, closed financial year 2024 with a result of € 5,302 after tax. For that financial year GARAGE CORTINA recorded a gross margin of € 55,602 and equity of € -6,525. Compared with financial year 2023, the result moved from € 18,778 to € 5,302. The company is profitable. 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 June 20, 2025.
€ -6,525
▲ € 5,302 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,302
▼ 72% vs 2023
Profit after tax over the fiscal year.
€ 771
▼ 21% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -93,949.
People and assets in 2024
€ 40,848
▲ 128% 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.
€ 17,898
▼ 21% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 25,242
▲ 1% vs 2023
Loans from banks and other lenders, long and short.
€ 43,227
▼ 30% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 4,446
▲ 114% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 15,360 | € 22,077 | € 42,574 | € 55,602 | ▲ 31% |
| Profit after taxes | € 6,498 | € 7,800 | € 18,778 | € 5,302 | ▼ 72% |
| Equity | € -38,405 | € -30,605 | € -11,827 | € -6,525 | ▲ € 5,302 |
| Total debts | € 67,226 | € 62,919 | € 94,564 | € 76,445 | ▼ 19% |
| Cash | € 1,184 | € 159 | € 975 | € 771 | ▼ 21% |
| Retained profit | € -125,828 | € -118,028 | € -99,251 | € -93,949 | ▲ € 5,302 |
| Bank debt | € 25,151 | € 24,602 | € 24,969 | € 25,242 | ▲ 1% |
| Balance sheet total | € 28,821 | € 32,314 | € 82,736 | € 69,920 | ▼ 15% |
Key figures of GARAGE CORTINA, 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 CORTINA?
What happened at GARAGE CORTINA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 5,302 (▼ 72% vs 2023). Source: NBB ↗
- Greet Windels became a director. NBB
- Kurt Windels became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Zwevegem. KBO
In short
From € 6,498 profit in 2021 to € 5,302 profit in 2024.
Best year ever: 2023, with € 18,778 profit.
Management
Behind GARAGE CORTINA are Greet Windels and Kurt Windels.
Directors
According to the 2024 annual accounts
Greet Windels
Director
since 2009
Kurt Windels
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Zwevegemstraat(O) 104
8553 Zwevegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0422.670.768
- VAT number
- BE 0422.670.768
- Registered office
- Zwevegemstraat(O) 104, 8553 Zwevegem
- Names & denominations
- GARAGE CORTINA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 April 1982
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Personenvervoer over de weg zonder dienstregeling
Overig vervoer van personen te land
Onderhoud en reparatie van auto's
Overig personenvervoer te land, n.e.g.
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in andere motorvoertuigen (> 3,5 ton)
Algemeen onderhoud en reparatie van overige motorvoertuigen (> 3,5 ton)
Detailhandel in motorvoertuigen
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