What does GARMIN BELUX do?

GARMIN BELUX is a wholesaler in Evere. Public Limited, started on 12 July 1991, 1 establishment.

What is the address of GARMIN BELUX?

The registered office of GARMIN BELUX is located at Olympiadenlaan 2, 1140 Evere.

Is GARMIN BELUX still active?

Yes. According to the CBE (30 October 2026) GARMIN BELUX is active, legal situation “Normale toestand”, started on 12 July 1991.

Is GARMIN BELUX registered on Peppol?

Yes, GARMIN BELUX is registered on the Peppol network with ID 0208:0444694421.

What is the enterprise number of GARMIN BELUX?

The enterprise number of GARMIN BELUX is BE0444694421.

When was GARMIN BELUX founded?

GARMIN BELUX was founded on 12 July 1991.

Who are the directors of GARMIN BELUX?

According to the 2025 annual accounts, the directors of GARMIN BELUX are: Eric BERNARD, Sean Michael BIDDLECOMBE, Jonathan Wagstaff.

Is GARMIN BELUX a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 12 July 1991; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did GARMIN BELUX make in 2025?

GARMIN BELUX posted a profit after taxes of € 770,310 in financial year 2025.

What is the revenue of GARMIN BELUX?

In its most recent annual accounts (2025), GARMIN BELUX reported revenue of € 36,593,977.

How much does an employee at GARMIN BELUX earn?

The average wage cost per full-time employee at GARMIN BELUX was € 95,900 in 2025: staff costs of € 2.3 million for 23.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does GARMIN BELUX have?

According to the 2025 annual accounts, GARMIN BELUX has 23.5 full-time equivalents (FTE).

GARMIN BELUX (Public Limited) - Evere - BE0444694421

Dossier GARMIN BELUX, printed on 30 October 2026 from databakkes.be/en/0444694421/garmin-belux. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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

Figures corrected NBB

Corrected annual account filed for 2024.
Busy address KBO

14 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

GARMIN BELUX from Evere, company number BE0444694421, closed financial year 2025 with a result of € 770,310 after tax. For that financial year GARMIN BELUX recorded revenue of € 36.6 million and equity of € 3.2 million. Compared with financial year 2024, the result moved from € 640,649 to € 770,310. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 12, 2026.

What it is worth Growing

€ 3.2 million

▲ 11% vs 2024

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

Profit Growing

€ 770,310

▲ 20% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.9 million

▼ 12% vs 2024

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

Where the profit goes Pays out

€ 450,000 paid out

58 % of the profit went to the shareholders, mostly to Garmin Nederland BV (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

23.5

▲ 2.7 vs 2024

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

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2.9 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.3 million

▲ 8% vs 2024

€ 95,900 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.

Vehicles and equipment

€ 95,181

▲ 6% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 3.5 million

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.

Taxes and wages

€ 261,799

▼ 46% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 25,256,526 Revenue 2022: € 25,256,526 First fiscal year in the series	€ 26,644,065 Revenue 2023: € 26,644,065 ▲ 5% vs 2022 (€ 25,256,526) Favourable step	€ 31,984,192 Revenue 2024: € 31,984,192 ▲ 20% vs 2023 (€ 26,644,065) Favourable step	€ 36,593,977 Revenue 2025: € 36,593,977 ▲ 14% vs 2024 (€ 31,984,192) Favourable step	▲ 14%
Profit after taxes	€ 415,836 Profit after taxes 2022: € 415,836 First fiscal year in the series	€ 475,865 Profit after taxes 2023: € 475,865 ▲ 14% vs 2022 (€ 415,836) Favourable step	€ 640,649 Profit after taxes 2024: € 640,649 ▲ 35% vs 2023 (€ 475,865) Favourable step	€ 770,310 Profit after taxes 2025: € 770,310 ▲ 20% vs 2024 (€ 640,649) Favourable step	▲ 20%
Equity	€ 2,538,318 Equity 2022: € 2,538,318 First fiscal year in the series	€ 2,664,183 Equity 2023: € 2,664,183 ▲ 5% vs 2022 (€ 2,538,318) Favourable step	€ 2,854,832 Equity 2024: € 2,854,832 ▲ 7% vs 2023 (€ 2,664,183) Favourable step	€ 3,175,142 Equity 2025: € 3,175,142 ▲ 11% vs 2024 (€ 2,854,832) Favourable step	▲ 11%
Total debts	€ 2,389,044 Total debts 2022: € 2,389,044 First fiscal year in the series	€ 3,530,587 Total debts 2023: € 3,530,587 ▲ 48% vs 2022 (€ 2,389,044) Unfavourable step	€ 4,541,937 Total debts 2024: € 4,541,937 ▲ 29% vs 2023 (€ 3,530,587) Unfavourable step	€ 4,342,201 Total debts 2025: € 4,342,201 ▼ 4% vs 2024 (€ 4,541,937) Favourable step	▼ 4%
Cash	€ 1,206,025 Cash 2022: € 1,206,025 First fiscal year in the series	€ 1,972,048 Cash 2023: € 1,972,048 ▲ 64% vs 2022 (€ 1,206,025) Favourable step	€ 2,105,053 Cash 2024: € 2,105,053 ▲ 7% vs 2023 (€ 1,972,048) Favourable step	€ 1,859,289 Cash 2025: € 1,859,289 ▼ 12% vs 2024 (€ 2,105,053) Unfavourable step	▼ 12%
Retained profit	€ 2,476,318 Retained profit 2022: € 2,476,318 First fiscal year in the series	€ 2,602,183 Retained profit 2023: € 2,602,183 ▲ 5% vs 2022 (€ 2,476,318) Favourable step	€ 2,792,832 Retained profit 2024: € 2,792,832 ▲ 7% vs 2023 (€ 2,602,183) Favourable step	€ 3,113,142 Retained profit 2025: € 3,113,142 ▲ 11% vs 2024 (€ 2,792,832) Favourable step	▲ 11%
Dividend	€ 350,000 Dividend 2022: € 350,000 First fiscal year in the series	€ 350,000 Dividend 2023: € 350,000 Unchanged (€ 350,000) Unchanged	€ 450,000 Dividend 2024: € 450,000 ▲ 29% vs 2023 (€ 350,000) Unchanged	€ 450,000 Dividend 2025: € 450,000 Unchanged (€ 450,000) Unchanged
Balance sheet total	€ 4,927,362 Balance sheet total 2022: € 4,927,362 First fiscal year in the series	€ 6,194,770 Balance sheet total 2023: € 6,194,770 ▲ 26% vs 2022 (€ 4,927,362) Unchanged	€ 7,396,769 Balance sheet total 2024: € 7,396,769 ▲ 19% vs 2023 (€ 6,194,770) Unchanged	€ 7,517,343 Balance sheet total 2025: € 7,517,343 ▲ 2% vs 2024 (€ 7,396,769) Unchanged	▲ 2%
Employees (FTE)	24.3 Employees (FTE) 2022: 24.3 First fiscal year in the series	22.4 Employees (FTE) 2023: 22.4 ▼ 1.9 vs 2022 (24.3) Unchanged	20.8 Employees (FTE) 2024: 20.8 ▼ 1.6 vs 2023 (22.4) Unchanged	23.5 Employees (FTE) 2025: 23.5 ▲ 2.7 vs 2024 (20.8) Unchanged	▲ 2.7

Key figures of GARMIN BELUX, 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 GARMIN BELUX?

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

2027 Eric BERNARD stepped down as director. NBB
2027 Jonathan Wagstaff stepped down as director. NBB
2027 Sean Michael BIDDLECOMBE stepped down as director. NBB
May 12, 2026 New annual accounts for financial year 2025: profit of € 770,310 (▲ 20% vs 2024). Source: NBB ↗
2025 Jonathan Wagstaff became a director. NBB
2024 Eric BERNARD became a director. NBB
2021 Sean Michael BIDDLECOMBE became a director. NBB
Sep 20, 1991 New establishment in Evere. KBO

In short

From € 415,836 profit in 2022 to € 770,310 profit in 2025.

Paid € 900,132 in corporate taxes since 2022.

Best year ever: 2025, with € 770,310 profit.

Paid out € 1.6 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Garmin Nederland BV 100%

GARMIN BELUX

The shares are held by Garmin Nederland BV (100%).

Directors

According to the 2025 annual accounts

Eric BERNARD

Director

since 2024 · until 2027

Sean Michael BIDDLECOMBE

Director

since 2021 · until 2027

Jonathan Wagstaff

Director

since 2025 · until 2027

Shareholders

Garmin Nederland BV

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Olympiadenlaan 2

1140 Evere

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.

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

Details

Company number

0444.694.421

VAT number

BE 0444.694.421

Registered office

Olympiadenlaan 2, 1140 Evere

Names & denominations

GARMIN BELUX

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

12 July 1991

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Groothandel in elektrisch materiaal, inclusief installatiemateriaal

Groothandel in elektrisch materiaal inclusief installatiemateriaal

Groothandel in meet-, controle- en navigatieinstrumenten

View on CBE Public ↗ Annual accounts (NBB) ↗

GARMIN BELUX

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Financials

What happened to GARMIN BELUX?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions