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 43 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
GARAGE FIEMS from Ardooie, company number BE0433003743, closed financial year 2025 with a result of € -48,701 after tax. For that financial year GARAGE FIEMS recorded a gross margin of € 338,084 and equity of € 230,130. Compared with financial year 2024, the result moved from € 1,039 to € -48,701. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 230,130
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -48,701
▼ still € 1,039 profit in 2024
Profit after tax over the fiscal year.
€ 54,031
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 63,050.
People and assets in 2025
4.4
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 268,646
▲ 9% vs 2024
€ 61,100 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.
€ 67,228
▲ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 516,656
▲ 2% vs 2024
€ 72,749 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 89,908
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 36,798
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 410,181 | € 327,497 | € 342,376 | € 338,084 | ▼ 1% |
| Profit after taxes | € 45,111 | € 67,623 | € 1,039 | € -48,701 | ▼ € 49,740 |
| Equity | € 1,090,170 | € 1,157,793 | € 278,832 | € 230,130 | ▼ 17% |
| Total debts | € 493,338 | € 436,469 | € 1,115,416 | € 973,128 | ▼ 13% |
| Cash | € 335,672 | € 407,135 | € 101,642 | € 54,031 | ▼ 47% |
| Land & buildings | € 484,140 | € 460,555 | € 453,338 | € 441,053 | ▼ 3% |
| Retained profit | € 923,089 | € 990,713 | € 111,751 | € 63,050 | ▼ 44% |
| Dividend | € 15,000 | € 0 | € 880,000 | € 0 | ▼ 100% |
| Bank debt | € 76,721 | € 39,284 | € 506,953 | € 516,656 | ▲ 2% |
| Balance sheet total | € 1,583,508 | € 1,594,262 | € 1,394,248 | € 1,203,259 | ▼ 14% |
| Employees (FTE) | 3.5 | 2.8 | 3.8 | 4.4 | ▲ 0.6 |
Key figures of GARAGE FIEMS, 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 FIEMS?
What happened at GARAGE FIEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 48,701 (▼ € 49,740 vs 2024). Source: NBB ↗
- Wim FIEMS became a director. NBB
- GT Motors BV became a director. NBB
- Willy DESMEDT stepped down as director. NBB
- Lieven FIEMS stepped down as director. NBB
- Willy DESMEDT became a director. NBB
- Lieven FIEMS became a director. NBB
- New establishment in Pittem. KBO
In short
From € 45,111 profit in 2022 to € 48,701 loss in 2025.
Paid € 30,106 in corporate taxes since 2022.
Best year ever: 2023, with € 67,623 profit.
On average € 76,800 of value added per employee in 2025.
Management
The stake of GT MOTORS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GARAGE FIEMSBehind GARAGE FIEMS are Wim FIEMS and GT Motors BV. The shares are held by GT MOTORS (100%).
Directors
According to the 2025 annual accounts
Wim FIEMS
Managing director
since 2024
Director
since 2024
Willy DESMEDT
Director
since 2020 · until 2024
Lieven FIEMS
Director
since 2020 · until 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Tieltsestraat 11
8851 Ardooie
Posterijlaan 7
8740 Pittem
Active since 1 January 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0433.003.743
- VAT number
- BE 0433.003.743
- Registered office
- Tieltsestraat 11, 8851 Ardooie
- Names & denominations
- GARAGE FIEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 1987
- Peppol
- Active · Active since 13 Oct 2025
- Contact
- garagefiems.be
- Activities · NACE
Detailhandel in onderdelen en accessoires van motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
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
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)