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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Inchcape Belgium Distribution from Zaventem, company number BE0459491374, closed financial year 2025 with a result of € 2.8 million after tax. For that financial year Inchcape Belgium Distribution recorded revenue of € 184.6 million and equity of € -4.2 million. Compared with financial year 2024, the result moved from € -2 million to € 2.8 million. Profitable, and profit is growing. 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 June 25, 2026.
€ -4.2 million
▲ € 2.8 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.8 million
▲ still € 2 million loss in 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -17.1 million.
People and assets in 2025
19.1
▼ 110.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▼ 79% vs 2024
€ 134,600 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.
Debts at end 2025
€ 3.5 million
▼ 92% vs 2024
Loans from banks and other lenders, long and short.
€ 48.3 million
▲ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 100 days on average.
€ 1.9 million
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 66,399,716 | € 138,461,159 | € 247,784,792 | € 184,570,200 | ▼ 26% |
| Profit after taxes | € -4,237,175 | € -11,558,611 | € -2,022,864 | € 2,771,091 | ▲ € 4.8 million |
| Equity | € -3,353,783 | € -4,912,394 | € -6,935,258 | € -4,164,167 | ▲ € 2.8 million |
| Total debts | € 56,310,843 | € 82,382,682 | € 69,909,801 | € 55,482,236 | ▼ 21% |
| Cash | € 146,145 | € 30,821 | - | - | |
| Land & buildings | € 5,912,855 | € 6,963,173 | € 4,903,701 | € 4,488,086 | ▼ 8% |
| Retained profit | € -6,328,505 | € -17,887,116 | € -19,909,980 | € -17,138,889 | ▲ € 2.8 million |
| Bank debt | € 19,426,819 | € 40,727,829 | € 41,001,027 | € 3,471,648 | ▼ 92% |
| Balance sheet total | € 53,052,675 | € 77,562,379 | € 62,974,544 | € 51,318,070 | ▼ 19% |
| Employees (FTE) | 73.1 | 114.2 | 129.7 | 19.1 | ▼ 110.6 |
Key figures of Inchcape Belgium Distribution, 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 Inchcape Belgium Distribution?
What happened at Inchcape Belgium Distribution in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kevin Van Hoof stepped down as director. NBB
- Artur Materna stepped down as director. NBB
- Joris Clavie stepped down as director. NBB
- Valérie De Baere stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.8 million. Source: NBB ↗
- New establishment in Zaventem. KBO
- Gérard Jans stepped down as director. NBB
- Jonathan Petit stepped down as director. NBB
In short
From € 4.2 million loss in 2022 to € 2.8 million profit in 2025.
Paid € 223,556 in corporate taxes since 2022.
Best year ever: 2025, with € 2.8 million profit.
Pays suppliers within 100 days on average.
Management
The shares are held by Inchcape International Group SRL (100%).
Directors
According to the 2025 annual accounts
Gérard Jans
Director
since 2021 · until 2025
Kevin Van Hoof
Director
since 2023 · until 2028
Artur Materna
Managing director
Also active at: TOYOTA BELGIUM, Garage Francorchamps, AUTOPRODUCTS, CAR SECURITY
since 2024 · until 2027
since 2021 · until 2027
since 2022 · until 2025
Valérie De Baere
Director
Also active at: TOYOTA BELGIUM, Garage Francorchamps, AUTOPRODUCTS, CAR SECURITY
since 2021 · until 2027
Bernard Dewever
Director
since 2022 · until 2025
Shareholders
Inchcape International Group SRL
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 369
1932 Zaventem
Leuvensesteenweg 319
1930 Zaventem
Active since 1 October 2022
Turnhoutsebaan 92
2110 Wijnegem
Active since 1 March 2023
Kortrijksesteenweg 160
9830 Sint-Martens-Latem
Active since 1 May 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →TOYOTA BELGIUM same network
€ 762.2 million revenue · 2025
Inchcape Belgium Retail same network
€ 193.8 million revenue · 2025
AUTOPRODUCTS same network
€ 78.9 million revenue · 2025
VERMA-IMMO
€ 29,969 gross margin · 2025
GROHE
€ 35.4 million revenue · 2026
+12 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
- 0459.491.374
- VAT number
- BE 0459.491.374
- Registered office
- Leuvensesteenweg 369, 1932 Zaventem
- Names & denominations
- Inchcape Belgium Distribution
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 1996
- Peppol
- Not registered
- Activities · NACE
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
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)