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 4 of the last 4 fiscal years.
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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 %.
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Busy address KBO
26 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
GARAGE MARTIN from Kortrijk, company number BE0432804496, closed financial year 2025 with a result of € -2,646 after tax. For that financial year GARAGE MARTIN recorded a gross margin of € -2,641 and equity of € -2.1 million. Compared with financial year 2024, the result moved from € -2,584 to € -2,646. 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 August 31, 2026.
€ -2.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,646
▼ 2 % more loss than in 2024
Profit after tax over the fiscal year.
€ 182,562
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.2 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 39,928
Supplier invoices still open on the last day of the fiscal year.
€ 10,171
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,390 | € -2,495 | € -2,579 | € -2,641 | ▼ € 62 |
| Profit after taxes | € -2,390 | € -4,009 | € -2,584 | € -2,646 | ▼ € 62 |
| Equity | € -2,128,318 | € -2,132,328 | € -2,134,912 | € -2,137,558 | |
| Total debts | € 2,321,385 | € 2,321,385 | € 2,321,385 | € 2,321,385 | |
| Cash | € 190,297 | € 187,792 | € 185,208 | € 182,562 | ▼ 1% |
| Retained profit | € -2,165,818 | € -2,169,828 | € -2,172,412 | € -2,175,058 | |
| Balance sheet total | € 193,067 | € 189,058 | € 186,474 | € 183,828 | ▼ 1% |
Key figures of GARAGE MARTIN, 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 MARTIN?
What happened at GARAGE MARTIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
GARAGE MARTIN is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: loss of € 2,646. filed late Source: NBB ↗
- New establishment in Roeselare. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,390 loss in 2022 to € 2,646 loss in 2025.
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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
Behind GARAGE MARTIN is Trees Vuylsteke. Trees Vuylsteke is also behind TARDEL and WANSON.
Establishments
Establishment units
Physical locations of this company
Spinnerijstraat(Kor) 99 box 22
8500 Kortrijk
Meiboomlaan 111
8800 Roeselare
Active since 18 January 1988
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 26 companies are registered at this address.
All companies at this address →CHARLES BEAUMONT
€ -13,801 gross margin · 2025
Tyber - Anciens Etablissements Gustave Tyberghein
Algemene Modellenverzameling voor de Rechtspraktijk
TARDEL same network
€ 499,441 gross margin · 2024
UNIC DESIGN
€ -205,250 gross margin · 2024
+21 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
- 0432.804.496
- VAT number
- BE 0432.804.496
- Registered office
- Spinnerijstraat(Kor) 99 bus 22, 8500 Kortrijk
- Names & denominations
- GARAGE MARTIN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 5 January 1988
- Peppol
- Not registered