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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GARAGE MICHEL DESCAMPS from Menen, company number BE0423084405, closed financial year 2025 with a result of € -5,551 after tax. For that financial year GARAGE MICHEL DESCAMPS recorded a gross margin of € 56,364 and equity of € 94,663. Compared with financial year 2024, the result moved from € -7,039 to € -5,551. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 16, 2026.
€ 94,663
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,551
▲ 21 % less loss than in 2024
Profit after tax over the fiscal year.
€ 8,218
▼ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 76,071.
People and assets in 2025
€ 19,063
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 296,520
▼ 13% vs 2024
€ 39,265 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 16,118
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,578
▲ 70% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 58,778 | € 53,009 | € 60,247 | € 56,364 | ▼ 6% |
| Profit after taxes | € 3,593 | € -5,260 | € -7,039 | € -5,551 | ▲ € 1,488 |
| Equity | € 112,513 | € 107,253 | € 100,214 | € 94,663 | ▼ 6% |
| Total debts | € 573,061 | € 584,862 | € 542,259 | € 481,138 | ▼ 11% |
| Cash | € 24,268 | € 5,469 | € 10,627 | € 8,218 | ▼ 23% |
| Land & buildings | € 267,804 | € 248,439 | € 222,292 | € 196,144 | ▼ 12% |
| Retained profit | € 93,921 | € 88,661 | € 81,622 | € 76,071 | ▼ 7% |
| Bank debt | € 429,830 | € 389,539 | € 341,790 | € 296,520 | ▼ 13% |
| Balance sheet total | € 704,787 | € 708,927 | € 656,884 | € 587,809 | ▼ 11% |
Key figures of GARAGE MICHEL DESCAMPS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to GARAGE MICHEL DESCAMPS?
What happened at GARAGE MICHEL DESCAMPS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 5,551. Source: NBB ↗
- New establishment in Menen. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,593 profit in 2022 to € 5,551 loss in 2025.
Paid € 9,394 in corporate taxes since 2022.
Best year ever: 2022, with € 3,593 profit.
Management
Behind GARAGE MICHEL DESCAMPS is CARL BRAEM.
Directors
According to the 2025 annual accounts
CARL BRAEM
Director
Establishments
Establishment units
Physical locations of this company
Spoorwegstraat 40
8930 Menen
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
WIX_COM, IL
Website info
Features
Security
Network
Details
- Company number
- 0423.084.405
- VAT number
- BE 0423.084.405
- Registered office
- Spoorwegstraat 40, 8930 Menen
- Names & denominations
- GARAGE MICHEL DESCAMPS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 September 1982
- Peppol
- Active · Active since 25 Nov 2025
- Contact
- garage-descamps.be
- Activities · NACE
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)