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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 50.8 to 42.7.
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Figures corrected NBB
Corrected annual account filed for 2022.
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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
GARDEN CENTER HOLDING from Aarschot, company number BE0454068381, closed financial year 2025 with a result of € -43,590 after tax. For that financial year GARDEN CENTER HOLDING recorded revenue of € 51.5 million and equity of € 66.3 million. Compared with financial year 2024, the result moved from € -770,936 to € -43,590. 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 July 8, 2026.
€ 66.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -43,590
▲ 94 % less loss than in 2024
Profit after tax over the fiscal year.
€ 138,186
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 9.9 million.
People and assets in 2025
42.7
▼ 3.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.5 million
▼ 3% vs 2024
€ 82,900 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.
€ 87,834
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 11.4 million
▼ 2% vs 2024
€ 208,333 is repaid this year. At this pace the long-term loan is gone in ≈ 55 years.
€ 3.8 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.
€ 1.6 million
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 49,261,803 | € 43,415,509 | € 48,385,197 | € 51,549,537 | ▲ 7% |
| Profit after taxes | € 4,566,595 | € 8,915,936 | € -770,936 | € -43,590 | ▲ € 727,345 |
| Equity | € 64,188,787 | € 67,125,504 | € 66,354,568 | € 66,310,978 | |
| Total debts | € 37,755,305 | € 38,442,389 | € 37,773,802 | € 37,720,375 | |
| Cash | € 1,230,035 | € 482,592 | € 592,673 | € 138,186 | ▼ 77% |
| Land & buildings | € 0 | € 301,903 | € 291,879 | € 281,855 | ▼ 3% |
| Retained profit | € 1,958,276 | € 10,714,336 | € 9,943,400 | € 9,899,810 | |
| Bank debt | € 8,676,886 | € 11,825,000 | € 11,564,583 | € 11,356,250 | ▼ 2% |
| Balance sheet total | € 101,944,092 | € 105,567,893 | € 104,128,370 | € 104,031,352 | |
| Employees (FTE) | 54.3 | 50.8 | 45.8 | 42.7 | ▼ 3.1 |
Key figures of GARDEN CENTER HOLDING, 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 GARDEN CENTER HOLDING?
What happened at GARDEN CENTER HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- E-CAPITAL EQUITY MANAGEMENT SCRL stepped down as director. NBB
- ASTERIAN NV stepped down as director. NBB
- Erwin VAN OSTA stepped down as director. NBB
- Carl LIEKENS stepped down as director. NBB
- PENTAHOLD NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 43,590. Source: NBB ↗
- SNUGGLES & DREAMS BV became a director. NBB
- E-CAPITAL EQUITY MANAGEMENT SCRL became a director. NBB
In short
From € 4.6 million profit in 2022 to € 43,590 loss in 2025.
Paid € 657,395 in corporate taxes since 2022.
Best year ever: 2023, with € 8.9 million profit.
Pays suppliers within 29 days on average.
Management
Behind GARDEN CENTER HOLDING is SNUGGLES & DREAMS BV. The shares are held by VG NV (40.7%), PENTAHOLD NV (40.7%) and GARDEN VISION ENTREPRENEURS NV (18.5%). It owns 100% of Garden Center Sint-Katelijne-Waver, 100% of Garden Center Vision, 100% of Garden Center Ekeren, 100% of Garden Center Digital, 100% of Garden Center Frameries and 100% of Garden Center Olen itself.
Directors
According to the 2025 annual accounts
Persoon belast met dagelijks bestuur · represented by Philippe De Coninck
Also active at: Garden Center Aarschot, GARDEN CENTER OLEN, GARDEN CENTER SAINT-GEORGES-SUR-MEUSE, BLOEMENLAND, Garden Center Naninne, GILTAM, GARDEN CENTER TOURNAI, PELCKMANS TURNHOUT +9 more
since 2025
E-CAPITAL EQUITY MANAGEMENT SCRL
Director · represented by JEROME LAMFALUSSY
Also active at: GOLDIE, PRICAP INVEST, Discovery Holding, GARDEN CENTER VISION, Garden Vision Entrepreneurs, Funecare, E-CAPITAL II
since 2025 · until 2031
Director · represented by Geert VANDERSTAPPEN
Also active at: Optimum Invest, Optimum, GARDEN CENTER INVEST, PENTAHOLD
since 2025 · until 2031
Erwin VAN OSTA
Director
Also active at: VERIAC, BEAULIEU INTERNATIONAL GROUP, RNB INVEST, VERITAS, VERINET, MUST EAT, Royal Knokke Football Club, SATIREV +4 more
since 2025 · until 2031
Carl LIEKENS
Director
Also active at: VERIAC, Garden Center Aarschot, GARDEN CENTER OLEN, GARDEN CENTER SAINT-GEORGES-SUR-MEUSE, GOLDIE, BLOEMENLAND, GARDEN CENTER LIFESTYLE, Garden Center Naninne +20 more
since 2025 · until 2031
Director · represented by Karel GIELEN
Also active at: Garden Center Aarschot, GARDEN CENTER OLEN, GARDEN CENTER SAINT-GEORGES-SUR-MEUSE, GOLDIE, BLOEMENLAND, GARDEN CENTER LIFESTYLE, Garden Center Naninne, GILTAM +15 more
since 2025 · until 2031
Persoon belast met dagelijks bestuur · represented by Alain Hellebaut
Also active at: Garden Center Aarschot, GARDEN CENTER OLEN, GARDEN CENTER SAINT-GEORGES-SUR-MEUSE, BLOEMENLAND, Garden Center Naninne, GILTAM, GARDEN CENTER TOURNAI, PELCKMANS TURNHOUT +9 more
since 2023 · until 2025
Shareholders
Participations
100%
100%
100%
100%
100%
Establishments
Establishment units
Physical locations of this company
Diestse steenweg 80
3200 Aarschot
Hoefijzersingel 1
2070 Beveren-Kruibeke-Zwijndrecht
Active since 1 April 1996
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Garden Center Aarschot same network
€ 977,479 gross margin · 2025
GARDEN CENTER LIFESTYLE same network
€ -13,725 gross margin · 2025
OH!GREEN
GARDEN CENTER INVEST same network
€ -12,024 gross margin · 2025
GARDEN CENTER VISION same network
€ -12,980 gross margin · 2025
+1 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
- 0454.068.381
- VAT number
- BE 0454.068.381
- Registered office
- Diestse steenweg 80, 3200 Aarschot
- Names & denominations
- GARDEN CENTER HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 1994
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
Detailhandel in bloemen, planten, zaden en kunstmeststoffen
Landschapsverzorging