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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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
Garage Lieven De Keulenaer from Beveren-Kruibeke-Zwijndrecht, company number BE0426617975, closed financial year 2025 with a result of € 701,469 after tax. For that financial year Garage Lieven De Keulenaer recorded revenue of € 25.2 million and equity of € 5.5 million. Compared with financial year 2024, the result moved from € 949,176 to € 701,469. 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 July 1, 2026.
€ 5.5 million
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 701,469
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 2.2 million
▲ 52% 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 € 5.4 million.
People and assets in 2025
13.9
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 8% vs 2024
€ 80,800 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.
€ 110,653
▼ 59% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 100,000
▼ 70% vs 2024
€ 50,000 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2 million
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.
€ 181,946
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,177,910 | € 25,334,187 | € 28,734,007 | € 25,202,467 | ▼ 12% |
| Profit after taxes | € 433,051 | € 932,779 | € 949,176 | € 701,469 | ▼ 26% |
| Equity | € 3,014,299 | € 3,847,078 | € 4,796,254 | € 5,497,723 | ▲ 15% |
| Total debts | € 2,304,883 | € 5,707,214 | € 2,563,001 | € 2,409,077 | ▼ 6% |
| Cash | € 1,149,414 | € 1,642,864 | € 1,451,779 | € 2,212,329 | ▲ 52% |
| Retained profit | € 2,884,154 | € 3,716,934 | € 4,666,110 | € 5,367,579 | ▲ 15% |
| Dividend | € 0 | € 100,000 | € 0 | € 0 | |
| Bank debt | € 60,161 | € 501,728 | € 331,593 | € 100,000 | ▼ 70% |
| Balance sheet total | € 5,668,181 | € 9,554,291 | € 7,359,255 | € 7,906,800 | ▲ 7% |
| Employees (FTE) | 11.2 | 11.5 | 13.4 | 13.9 | ▲ 0.5 |
Key figures of Garage Lieven De Keulenaer, 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 Lieven De Keulenaer?
What happened at Garage Lieven De Keulenaer in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lieven De Keulenaer stepped down as director. NBB
- Kris De Keulenaer stepped down as director. NBB
- Steven De Keulenaer stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 701,469 (▼ 26% vs 2024). Source: NBB ↗
- Lieven De Keulenaer became a director. NBB
- Kris De Keulenaer became a director. NBB
- Steven De Keulenaer became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 433,051 profit in 2022 to € 701,469 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2024, with € 949,176 profit.
Paid out € 100,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 98.9% of Nordic Automotive itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2030
since 2024 · until 2030
Steven De Keulenaer
Managing director
Also active at: RAAP-INVEST, NORDIC MOTORS, De Keulenaer Invest
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Vesten(BEV) 90
9120 Beveren-Kruibeke-Zwijndrecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0426.617.975
- VAT number
- BE 0426.617.975
- Registered office
- Vesten(BEV) 90, 9120 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- Garage Lieven De Keulenaer
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 1984
- Peppol
- Active · Active since 27 Mar 2026
- 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)
Detailhandel in motorbrandstoffen
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)