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 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THOEN AUTOGROEP from Aalst, company number BE0430008423, closed financial year 2025 with a result of € -545,023 after tax. For that financial year THOEN AUTOGROEP recorded revenue of € 17.5 million and equity of € -401,586. Compared with financial year 2024, the result moved from € -160,310 to € -545,023. The company made a loss. 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 July 24, 2026.
€ -401,586
▼ € 545,023 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -545,023
▼ 240 % more loss than in 2024
Profit after tax over the fiscal year.
€ 45,689
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -651,578.
People and assets in 2025
18.7
▲ 3.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 25% vs 2024
€ 70,600 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.
€ 1.1 million
▼ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.4 million
▼ 6% vs 2024
€ 162,549 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 3.7 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.
€ 156,366
▲ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,681,338 | € 14,255,574 | € 14,954,211 | € 17,525,165 | ▲ 17% |
| Profit after taxes | € -62,388 | € -57,780 | € -160,310 | € -545,023 | ▼ € 384,713 |
| Equity | € 361,526 | € 303,746 | € 143,436 | € -401,586 | ▼ € 545,023 |
| Total debts | € 10,549,853 | € 10,433,300 | € 12,593,079 | € 13,150,134 | ▲ 4% |
| Cash | € 423,796 | € 56,699 | € 324,221 | € 45,689 | ▼ 86% |
| Land & buildings | € 3,487,785 | € 3,506,061 | € 3,705,220 | € 3,586,744 | ▼ 3% |
| Retained profit | € 111,534 | € 53,754 | € -106,556 | € -651,578 | ▼ € 545,023 |
| Bank debt | € 2,814,079 | € 2,683,850 | € 2,532,012 | € 2,374,847 | ▼ 6% |
| Balance sheet total | € 10,911,379 | € 10,737,047 | € 12,736,516 | € 12,748,548 | |
| Employees (FTE) | 15 | 15 | 14.8 | 18.7 | ▲ 3.9 |
Key figures of THOEN AUTOGROEP, 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 THOEN AUTOGROEP?
What happened at THOEN AUTOGROEP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 545,023. Source: NBB ↗
- New establishment in Aalst. KBO
- Stestemat BV became a director. NBB
- New establishment in Ninove. KBO
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 62,388 loss in 2022 to € 545,023 loss in 2025.
Paid € 7,354 in corporate taxes since 2022.
Pays suppliers within 81 days on average.
Management
Behind THOEN AUTOGROEP is Stestemat BV. The shares are held by Stestemat (100%).
Directors
According to the 2025 annual accounts
Director · represented by Thoen François
Also active at: THOEN CENTER NINOVE, THOEN IMMO, THOEN AUTOMOTIVE NINOVE, THOEN, THOEN CENTER, THOEN CARROSSERIE, THOEN CARROSSERIE ZOTTEGEM
since 2021
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bergemeersenstraat 120
9300 Aalst
Victor Bocquéstraat 17
9300 Aalst
Active since 7 December 2000
Brakelsesteenweg 233
9400 Ninove
Active since 1 August 2004
Victor Bocquéstraat 15
9300 Aalst
Active since 19 November 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →THOEN CENTER NINOVE same network
€ 17.2 million revenue · 2025
THOEN AUTOMOTIVE NINOVE same network
€ 918,716 gross margin · 2025
THOEN same network
€ 55.5 million revenue · 2025
STESTEMAT same network
€ 1.2 million revenue · 2025
THOEN CENTER same network
€ 62.1 million revenue · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0430.008.423
- VAT number
- BE 0430.008.423
- Registered office
- Bergemeersenstraat 120, 9300 Aalst
- Names & denominations
- THOEN AUTOGROEP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 December 1986
- Peppol
- Active · Active since 17 Dec 2025
- Contact
- [email protected]
- Activities · NACE
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
Carrosserieherstelling (inclusief spuiten en verven)
Groothandel in aanhangwagens, opleggers en caravans
+3