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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 7.6 to 3.5.
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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 Carrosserie Martin from Herstal, company number BE0464028105, closed financial year 2025 with a result of € -182,133 after tax. For that financial year Garage Carrosserie Martin recorded a gross margin of € 108,352 and equity of € -14,537. Compared with financial year 2024, the result moved from € -112,271 to € -182,133. The company made a loss. 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 March 18, 2026.
€ -14,537
▼ € 182,133 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -182,133
▼ 62 % more loss than in 2024
Profit after tax over the fiscal year.
€ 23,716
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -402,143.
People and assets in 2025
3.5
▼ 2.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 168,570
▼ 48% vs 2024
€ 48,200 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.
€ 1,859
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 935,845
▼ 2% vs 2024
€ 58,509 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 100,353
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,634
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 553,817 | € 476,038 | € 400,415 | € 108,352 | ▼ 73% |
| Profit after taxes | € 79,099 | € -95,841 | € -112,271 | € -182,133 | ▼ € 69,862 |
| Equity | € 375,707 | € 279,866 | € 167,595 | € -14,537 | ▼ € 182,133 |
| Total debts | € 2,607,888 | € 2,785,168 | € 1,138,897 | € 1,069,572 | ▼ 6% |
| Cash | € 149,076 | € 65,403 | € 119,292 | € 23,716 | ▼ 80% |
| Land & buildings | € 866,431 | € 808,669 | € 750,907 | € 693,145 | ▼ 8% |
| Retained profit | € -11,898 | € -107,739 | € -220,010 | € -402,143 | ▼ € 182,133 |
| Bank debt | € 1,064,718 | € 998,617 | € 956,105 | € 935,845 | ▼ 2% |
| Balance sheet total | € 2,983,595 | € 3,065,034 | € 1,306,492 | € 1,055,034 | ▼ 19% |
| Employees (FTE) | 7.7 | 7.6 | 6.3 | 3.5 | ▼ 2.8 |
Key figures of Garage Carrosserie Martin, 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 Carrosserie Martin?
What happened at Garage Carrosserie Martin in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 182,133. Source: NBB ↗
- Olivier MARTIN stepped down as director. NBB
- Anthony MARTIN became a director. NBB
- Olivier MARTIN became a director. NBB
- New establishment in Herstal. KBO
- Start of the company according to the CBE. KBO
In short
From € 79,099 profit in 2022 to € 182,133 loss in 2025.
Best year ever: 2022, with € 79,099 profit.
On average € 31,000 of value added per employee in 2025.
Management
Behind Garage Carrosserie Martin is Anthony MARTIN.
Directors
According to the 2025 annual accounts
Anthony MARTIN
Director
since 2023
Olivier MARTIN
Director
since 2018 · until 2025
Establishments
Establishment units
Physical locations of this company
Boulevard Zénobe Gramme 35
4040 Herstal
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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.
Details
- Company number
- 0464.028.105
- VAT number
- BE 0464.028.105
- Registered office
- Boulevard Zénobe Gramme 35, 4040 Herstal
- Names & denominations
- Garage Carrosserie Martin
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 August 1998
- Peppol
- Active · Active since 14 Apr 2026
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Handelsbemiddeling in de groothandel in andere specifieke goederen
Carrosserieherstelling (inclusief spuiten en verven)
Detailhandel in onderdelen en accessoires van motorvoertuigen
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
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