Bankrupt · Opening faillissement (CBE)

CLASSIC CAR SERVICE

BE0428541248

Rechtspersoon Private limited company 1 establishment

CLASSIC CAR SERVICE is a repair service in Wommelgem. Private Limited, started on 26 February 1986, 1 establishment.

Nijverheidsstraat 70, 2160 Wommelgem

Behind the company: Noël De Block.

Start date

26 February 1986

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Negative equity NBB

    More debt than assets in 3 of the last 4 fiscal years.

  • Tight liquidity NBB

    Cash and receivables cover 5 % of short-term debt in 2024; threshold 65 %.

  • Shrinking team NBB

    FTE fell two years in a row, from 1.4 to 0.5.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2024

CLASSIC CAR SERVICE from Wommelgem, company number BE0428541248, closed financial year 2024 with a result of € 26,366 after tax. For that financial year CLASSIC CAR SERVICE recorded a gross margin of € 51,695 and equity of € -320,800. Compared with financial year 2023, the result moved from € 27,884 to € 26,366. 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 October 22, 2024.

What it is worth Caution

€ -320,800

▲ € 26,366 vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 26,366

▼ 5% vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 26,894

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € -345,679.

People and assets in 2024

Full-time equivalents

0.5

▼ 0.5 vs 2023

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 15,467

▲ 66% 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.

Debts at end 2024

Bank debt

€ 600,000

▼ 20% vs 2023

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 7,191

▼ 65% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Wages and social charges

€ 1,683

▼ 98% vs 2023

Wages, holiday pay and social contributions still to pay. No outstanding taxes.

Key figures per fiscal year Download key figures (CSV)
2021202220232024Change 2023 → 2024
Gross margin € 200,618 € -107,539 € 51,348 € 51,695 ▲ 1%
Profit after taxes € -12,100 € -414,708 € 27,884 € 26,366 ▼ 5%
Equity € 39,657 € -375,050 € -347,166 € -320,800 ▲ € 26,366
Total debts € 1,974,098 € 1,646,585 € 1,394,135 € 1,156,027 ▼ 17%
Cash € 53,896 € 6,814 € 26,997 € 26,894
Land & buildings € 273,612 - - -
Retained profit € 14,778 € -399,929 € -372,045 € -345,679 ▲ € 26,366
Bank debt € 800,000 € 775,012 € 750,001 € 600,000 ▼ 20%
Balance sheet total € 2,013,755 € 1,271,535 € 1,046,969 € 835,227 ▼ 20%
Employees (FTE) 2.6 1.4 1 0.5 ▼ 0.5

Key figures of CLASSIC CAR SERVICE, 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 October 2025.

What happened to CLASSIC CAR SERVICE?

What happened at CLASSIC CAR SERVICE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

CLASSIC CAR SERVICE is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2024: profit of € 26,366 (▼ 5% vs 2023). Source: NBB ↗
  • New establishment in Wijnegem. KBO
  • Start of the company according to the CBE. KBO

In short

From € 12,100 loss in 2021 to € 26,366 profit in 2024.

Paid € 250 in corporate taxes since 2021.

Best year ever: 2023, with € 27,884 profit.

On average € 51,300 of value added per employee in 2023.

Management

Noël De Block
CLASSIC CAR SERVICE

Behind CLASSIC CAR SERVICE is Noël De Block. Noël De Block is also behind DN Classic Invest.

Directors

According to the 2024 annual accounts

Noël De Block

Director

Also active at: DN Classic Invest

Establishments

Establishment units

Physical locations of this company

Registered office

Nijverheidsstraat 70

2160 Wommelgem

2.028.915.841

Ruggeveldstraat 1 box D5

2110 Wijnegem

Active since 11 March 1986

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0428.541.248
VAT number
BE 0428.541.248
Registered office
Nijverheidsstraat 70, 2160 Wommelgem
Names & denominations
CLASSIC CAR SERVICE
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
26 February 1986
Peppol
Not registered
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)

Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)

Detailhandel in motorvoertuigen

Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)

Frequently asked questions

What does CLASSIC CAR SERVICE do?
CLASSIC CAR SERVICE is a repair service in Wommelgem. Private Limited, started on 26 February 1986, 1 establishment.
What is the address of CLASSIC CAR SERVICE?
The registered office of CLASSIC CAR SERVICE is located at Nijverheidsstraat 70, 2160 Wommelgem.
Is CLASSIC CAR SERVICE still active?
No. The CBE lists CLASSIC CAR SERVICE with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is CLASSIC CAR SERVICE registered on Peppol?
No, CLASSIC CAR SERVICE is currently not registered on the Peppol network.
What is the enterprise number of CLASSIC CAR SERVICE?
The enterprise number of CLASSIC CAR SERVICE is BE0428541248.
When was CLASSIC CAR SERVICE founded?
CLASSIC CAR SERVICE was founded on 26 February 1986.