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 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GARAGE MODERN from Bree, company number BE0423585340, closed financial year 2025 with a result of € 93,042 after tax. For that financial year GARAGE MODERN recorded revenue of € 82.7 million and equity of € 449,871. Compared with financial year 2024, the result moved from € -75,590 to € 93,042. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.
€ 449,871
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 93,042
▲ still € 75,590 loss in 2024
Profit after tax over the fiscal year.
€ 339,393
▲ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 379,392.
People and assets in 2025
91
▲ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.7 million
▲ 6% vs 2024
€ 74,100 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.
€ 456,338
▲ 273% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.5 million
▲ 4% vs 2024
Loans from banks and other lenders, long and short.
€ 5.1 million
▲ 73% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 25 days on average.
€ 1.3 million
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 68,181,812 | € 80,055,329 | € 80,792,476 | € 82,702,514 | ▲ 2% |
| Profit after taxes | € 584,553 | € 716,526 | € -75,590 | € 93,042 | ▲ € 168,632 |
| Equity | € 1,726,236 | € 1,942,762 | € 356,829 | € 449,871 | ▲ 26% |
| Total debts | € 17,349,028 | € 19,152,721 | € 14,241,011 | € 14,316,937 | ▲ 1% |
| Cash | € 2,012,807 | € 1,435,913 | € 301,464 | € 339,393 | ▲ 13% |
| Land & buildings | € 3,972,448 | € 3,898,080 | - | - | |
| Retained profit | € 1,551,236 | € 1,767,762 | € 286,350 | € 379,392 | ▲ 32% |
| Dividend | € 0 | € 500,000 | € 350,000 | € 0 | ▼ 100% |
| Bank debt | € 8,005,531 | € 13,865,672 | € 7,232,161 | € 7,539,132 | ▲ 4% |
| Balance sheet total | € 19,085,263 | € 21,103,100 | € 14,597,840 | € 14,766,808 | ▲ 1% |
| Employees (FTE) | 94.1 | 91.4 | 89.4 | 91 | ▲ 1.6 |
Key figures of GARAGE MODERN, 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 MODERN?
What happened at GARAGE MODERN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SAAEM SA stepped down as director. NBB
- Antoine de Harlez de Deulin stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 93,042. Source: NBB ↗
- SAAEM SA became a director. NBB
- Antoine de Harlez de Deulin became a director. NBB
- New establishment in Lommel. KBO
- New establishment in Dilsen-Stokkem. KBO
- New establishment in Bree. KBO
In short
From € 584,553 profit in 2022 to € 93,042 profit in 2025.
Paid € 844,486 in corporate taxes since 2022.
Best year ever: 2023, with € 716,526 profit.
Paid out € 850,000 in dividends to the owners in total.
Management
The stake of SAAEM Belgium, GROEP JAM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GARAGE MODERNThe shares are held by SAAEM Belgium (100%) and GROEP JAM (100%).
Directors
According to the 2025 annual accounts
SAAEM SA
Managing director · represented by Benoît Catelin
Also active at: GARAGE PAUWELS, REVISIEBEDRIJF CLAES & ZONEN, EURO-TRUCKS CLAES, EURO-TRUCKS RENTING, LIMBURGSE VERHUURMAATSCHAPPIJ, Claes & Zonen, TB, GARAGE HOLVOET +10 more
since 2023 · until 2029
Antoine de Harlez de Deulin
Managing director
Also active at: IMMO WEST 1, GARAGE PAUWELS, Maurin Immo East II, REVISIEBEDRIJF CLAES & ZONEN, EURO-TRUCKS CLAES, EURO-TRUCKS RENTING, LIMBURGSE VERHUURMAATSCHAPPIJ, Claes & Zonen +15 more
since 2023 · until 2029
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gruitroderkiezel 39
3960 Bree
Bruglaan 55
3960 Bree
Active since 1 January 2019
Lodewijk De Raetstraat 28
3920 Lommel
Active since 1 January 2022
Boslaan 57
3650 Dilsen-Stokkem
Active since 1 January 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.585.340
- VAT number
- BE 0423.585.340
- Registered office
- Gruitroderkiezel 39, 3960 Bree
- Names & denominations
- GARAGE MODERN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 1982
- Peppol
- Active · Active since 29 Nov 2025
- Activities · NACE
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Carrosserieherstelling (inclusief spuiten en verven)
Detailhandel in onderdelen en accessoires van motorvoertuigen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Kleinhandel in onderdelen en accessoires van auto's
+2