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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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GARAGE DE BAETS from Hasselt, company number BE0479735868, closed financial year 2025 with a result of € 46,034 after tax. For that financial year GARAGE DE BAETS recorded a gross margin of € 978,635 and equity of € 893,875. Compared with financial year 2024, the result moved from € 13,660 to € 46,034. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 893,875
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 46,034
▲ 237% vs 2024
Profit after tax over the fiscal year.
€ 377,422
▲ 117% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 853,875.
People and assets in 2025
11.9
▼ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 612,347
▼ 11% vs 2024
€ 51,500 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.
€ 244,863
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.5 million
▲ 27% vs 2024
€ 145,922 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 2.6 million
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 57,604
▼ 82% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 662,926 | € 1,120,132 | € 998,390 | € 978,635 | ▼ 2% |
| Profit after taxes | € 100,451 | € 234,508 | € 13,660 | € 46,034 | ▲ 237% |
| Equity | € 599,672 | € 834,180 | € 847,841 | € 893,875 | ▲ 5% |
| Total debts | € 3,004,721 | € 5,382,862 | € 4,754,327 | € 4,130,235 | ▼ 13% |
| Cash | € 314,857 | € 349,998 | € 173,602 | € 377,422 | ▲ 117% |
| Land & buildings | € 45,977 | € 55,786 | € 118,772 | € 104,926 | ▼ 12% |
| Retained profit | € 559,672 | € 794,180 | € 807,841 | € 853,875 | ▲ 6% |
| Bank debt | € 543,761 | € 982,628 | € 1,188,357 | € 1,513,504 | ▲ 27% |
| Balance sheet total | € 3,604,394 | € 6,217,042 | € 5,602,167 | € 5,024,110 | ▼ 10% |
| Employees (FTE) | 8.6 | 11.2 | 14.5 | 11.9 | ▼ 2.6 |
Key figures of GARAGE DE BAETS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to GARAGE DE BAETS?
What happened at GARAGE DE BAETS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 46,034 (▲ 237% vs 2024). Source: NBB ↗
- Immo De Baets BV became a director. NBB
- Noah De Baets became a director. NBB
- New establishment in Hasselt. KBO
- New establishment in Hasselt. KBO
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 100,451 profit in 2022 to € 46,034 profit in 2025.
Paid € 138,560 in corporate taxes since 2022.
Best year ever: 2023, with € 234,508 profit.
On average € 82,200 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GARAGE DE BAETS are Immo De Baets BV and Noah De Baets.
Directors
According to the 2025 annual accounts
Director · represented by Danny DE BAETS
since 2023
Noah De Baets
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Diepenbekerweg 20
3500 Hasselt
Diepenbekerweg 22
3500 Hasselt
Active since 2 January 2018
Diepenbekerweg 24
3500 Hasselt
Active since 1 January 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0479.735.868
- VAT number
- BE 0479.735.868
- Registered office
- Diepenbekerweg 20, 3500 Hasselt
- Names & denominations
- GARAGE DE BAETS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 March 2003
- Peppol
- Active · Active since 2 Jun 2025
- Activities · NACE
Reparatie en montage van specifieke auto-onderdelen
Onderhoud en reparatie van auto's
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
Kleinhandel in onderdelen en accessoires van auto's
Detailhandel in motorvoertuigen
Carrosserieherstelling (inclusief spuiten en verven)
Detailhandel in herenbovenkleding
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