GARUDA is a shop in Menen. Private Limited, started on 27 March 1990, 1 establishment.

What is the address of GARUDA?

The registered office of GARUDA is located at Wervikstraat 57-59, 8930 Menen.

Is GARUDA still active?

Yes. According to the CBE (30 October 2026) GARUDA is active, legal situation “Normale toestand”, started on 27 March 1990.

Is GARUDA registered on Peppol?

Yes, GARUDA is registered on the Peppol network with ID 0208:0440478681.

What is the enterprise number of GARUDA?

The enterprise number of GARUDA is BE0440478681.

When was GARUDA founded?

GARUDA was founded on 27 March 1990.

Who are the directors of GARUDA?

According to the 2025 annual accounts, the directors of GARUDA are: Geert Vanhecke.

Is GARUDA a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 27 March 1990; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did GARUDA make in 2025?

GARUDA recorded a loss after taxes of € 265,258 in financial year 2025.

What is the revenue of GARUDA?

As a small company, GARUDA is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -206,786.

How much does an employee at GARUDA earn?

The average wage cost per full-time employee at GARUDA was € 40,800 in 2023: staff costs of € 150,872 for 3.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

GARUDA (Private Limited) - Menen - BE0440478681

Dossier GARUDA, printed on 30 October 2026 from databakkes.be/en/0440478681/garuda. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

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

Two loss years in a row NBB

Negative result in 2024 and 2025.

Financials

Financial year 2025

GARUDA from Menen, company number BE0440478681, closed financial year 2025 with a result of € -265,258 after tax. For that financial year GARUDA recorded a gross margin of € -206,786 and equity of € 724,713. Compared with financial year 2024, the result moved from € -552,452 to € -265,258. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.

What it is worth Healthy

€ 724,713

▼ 27% vs 2024

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

Loss Caution

€ -265,258

▲ 52 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 105,747

▲ 85% vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 31,121.

People and assets in 2025

Vehicles and equipment

€ 61,710

▼ 17% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 33,567

▼ 35% vs 2024

€ 17,667 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 4,101

▼ 74% vs 2024

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

Taxes

€ 8,139

▲ 40% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 179,873 Gross margin 2022: € 179,873 First fiscal year in the series	€ 107,868 Gross margin 2023: € 107,868 ▼ 40% vs 2022 (€ 179,873) Unfavourable step	€ -506,898 Gross margin 2024: € -506,898 ▼ € 614,766 vs 2023 (€ 107,868) Unfavourable step	€ -206,786 Gross margin 2025: € -206,786 ▲ € 300,112 vs 2024 (€ -506,898) Favourable step	▲ € 300,112
Profit after taxes	€ 44,017 Profit after taxes 2022: € 44,017 First fiscal year in the series	€ -135,716 Profit after taxes 2023: € -135,716 ▼ € 179,733 vs 2022 (€ 44,017) Unfavourable step	€ -552,452 Profit after taxes 2024: € -552,452 ▼ € 416,736 vs 2023 (€ -135,716) Unfavourable step	€ -265,258 Profit after taxes 2025: € -265,258 ▲ € 287,194 vs 2024 (€ -552,452) Favourable step	▲ € 287,194
Equity	€ 1,678,140 Equity 2022: € 1,678,140 First fiscal year in the series	€ 1,542,424 Equity 2023: € 1,542,424 ▼ 8% vs 2022 (€ 1,678,140) Unfavourable step	€ 989,972 Equity 2024: € 989,972 ▼ 36% vs 2023 (€ 1,542,424) Unfavourable step	€ 724,713 Equity 2025: € 724,713 ▼ 27% vs 2024 (€ 989,972) Unfavourable step	▼ 27%
Total debts	€ 664,038 Total debts 2022: € 664,038 First fiscal year in the series	€ 563,098 Total debts 2023: € 563,098 ▼ 15% vs 2022 (€ 664,038) Favourable step	€ 347,624 Total debts 2024: € 347,624 ▼ 38% vs 2023 (€ 563,098) Favourable step	€ 205,878 Total debts 2025: € 205,878 ▼ 41% vs 2024 (€ 347,624) Favourable step	▼ 41%
Cash	€ 155,281 Cash 2022: € 155,281 First fiscal year in the series	€ 153,614 Cash 2023: € 153,614 ▼ 1% vs 2022 (€ 155,281) Unfavourable step	€ 57,105 Cash 2024: € 57,105 ▼ 63% vs 2023 (€ 153,614) Unfavourable step	€ 105,747 Cash 2025: € 105,747 ▲ 85% vs 2024 (€ 57,105) Favourable step	▲ 85%
Land & buildings	€ 138,605 Land & buildings 2022: € 138,605 First fiscal year in the series	€ 136,670 Land & buildings 2023: € 136,670 ▼ 1% vs 2022 (€ 138,605) Unchanged	€ 236,092 Land & buildings 2024: € 236,092 ▲ 73% vs 2023 (€ 136,670) Unchanged	€ 107,912 Land & buildings 2025: € 107,912 ▼ 54% vs 2024 (€ 236,092) Unchanged	▼ 54%
Retained profit	€ 984,548 Retained profit 2022: € 984,548 First fiscal year in the series	€ 848,832 Retained profit 2023: € 848,832 ▼ 14% vs 2022 (€ 984,548) Unfavourable step	€ 296,380 Retained profit 2024: € 296,380 ▼ 65% vs 2023 (€ 848,832) Unfavourable step	€ 31,121 Retained profit 2025: € 31,121 ▼ 89% vs 2024 (€ 296,380) Unfavourable step	▼ 89%
Bank debt	€ 319,783 Bank debt 2022: € 319,783 First fiscal year in the series	€ 269,282 Bank debt 2023: € 269,282 ▼ 16% vs 2022 (€ 319,783) Favourable step	€ 51,557 Bank debt 2024: € 51,557 ▼ 81% vs 2023 (€ 269,282) Favourable step	€ 33,567 Bank debt 2025: € 33,567 ▼ 35% vs 2024 (€ 51,557) Favourable step	▼ 35%
Balance sheet total	€ 2,342,178 Balance sheet total 2022: € 2,342,178 First fiscal year in the series	€ 2,105,522 Balance sheet total 2023: € 2,105,522 ▼ 10% vs 2022 (€ 2,342,178) Unchanged	€ 1,337,596 Balance sheet total 2024: € 1,337,596 ▼ 36% vs 2023 (€ 2,105,522) Unchanged	€ 930,591 Balance sheet total 2025: € 930,591 ▼ 30% vs 2024 (€ 1,337,596) Unchanged	▼ 30%
Employees (FTE)	5.5 Employees (FTE) 2022: 5.5 First fiscal year in the series	3.7 Employees (FTE) 2023: 3.7 ▼ 1.8 vs 2022 (5.5) Unchanged	-	-

Key figures of GARUDA, 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 GARUDA?

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

Aug 31, 2026 New annual accounts for financial year 2025: loss of € 265,258. filed late Source: NBB ↗
Jul 3, 1990 New establishment in Menen. KBO
Mar 27, 1990 Start of the company according to the CBE. KBO

In short

From € 44,017 profit in 2022 to € 265,258 loss in 2025.

Paid € 17,964 in corporate taxes since 2022.

Best year ever: 2022, with € 44,017 profit.

On average € 29,200 of value added per employee in 2023.

Original PDFs at the National Bank ↗

Management

Geert Vanhecke

GARUDA

Behind GARUDA is Geert Vanhecke.

Directors

According to the 2025 annual accounts

Geert Vanhecke

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Wervikstraat 57-59

8930 Menen

2.050.226.642

Wervikstraat 57 5

8930 Menen

Active since 3 July 1990

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

Details

Company number

0440.478.681

VAT number

BE 0440.478.681

Registered office

Wervikstraat 57-59, 8930 Menen

Names & denominations

GARUDA

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

27 March 1990

Peppol

Active · Active since 8 Feb 2026

Activities · NACE

Detailhandel in souvenirs en religieuze artikelen

Gespecialiseerde detailhandel in souvenirs, ambachtelijke producten en religieuze artikelen

Detailhandel in souvenirs en religieuze artikelen in gespecialiseerde winkels

Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren

Detailhandel in verlichtingsartikelen

Detailhandel in huishoudtextiel en beddengoed

Detailhandel in textiel

Handelsbemiddeling in meubels, huishoudelijke artikelen en ijzerwaren

View on CBE Public ↗ Annual accounts (NBB) ↗

GARUDA

Warning lights

Financials

What happened to GARUDA?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions