Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 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 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
41 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GARSIAL TRADE from Elsene, company number BE0565925318, closed financial year 2025 with a result of € -23,730 after tax. For that financial year GARSIAL TRADE recorded a gross margin of € -2,313 and equity of € -52,793. Compared with financial year 2024, the result moved from € -29,008 to € -23,730. 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 July 17, 2026.
€ -52,793
▼ € 23,730 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,730
▲ 18 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -71,393.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 41
▼ 98% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 70,609
▲ 9% vs 2024
Loans from banks and other lenders, long and short.
€ 1,365
▼ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,445
▼ 28% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 44,868 | € 47,464 | € -1,811 | € -2,313 | ▼ € 502 |
| Profit after taxes | € 964 | € -6,366 | € -29,008 | € -23,730 | ▲ € 5,278 |
| Equity | € 6,312 | € -55 | € -29,063 | € -52,793 | ▼ € 23,730 |
| Total debts | € 167,763 | € 129,031 | € 108,693 | € 83,016 | ▼ 24% |
| Cash | € 7,454 | - | - | - | |
| Retained profit | € -12,288 | € -18,655 | € -47,663 | € -71,393 | ▼ € 23,730 |
| Bank debt | € 125,930 | € 96,850 | € 64,598 | € 70,609 | ▲ 9% |
| Balance sheet total | € 174,075 | € 128,976 | € 79,630 | € 30,223 | ▼ 62% |
Key figures of GARSIAL TRADE, 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 GARSIAL TRADE?
What happened at GARSIAL TRADE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,730. Source: NBB ↗
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
- Alex ILHAN became a director. NBB
In short
From € 964 profit in 2022 to € 23,730 loss in 2025.
Best year ever: 2022, with € 964 profit.
A new publication or filing at GARSIAL TRADE? We notify you, reason included.
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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
Directors
According to the 2025 annual accounts
Alex ILHAN
Director
since 2014
Establishments
Establishment units
Physical locations of this company
Louizalaan 163
1050 Elsene
Hoogstraat 142
1000 Brussel
Active since 29 April 2015
Waterloolaan 113A
1000 Brussel
Active since 1 March 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 41 companies are registered at this address.
All companies at this address →Triple S Plus
FESCACOM IT
€ 33,848 gross margin · 2025
FLAVES
€ 30,643 gross margin · 2024
C for Change
MACADAM PROJECT
€ 59,871 gross margin · 2025
+36 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
- 0565.925.318
- VAT number
- BE 0565.925.318
- Registered office
- Louizalaan 163, 1050 Elsene
- Names & denominations
- GARSIAL TRADE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 October 2014
- Peppol
- Active · Active since 29 Aug 2026
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
Overige niet-gespecialiseerde detailhandel
Overige zakelijke dienstverlening, neg
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen niet overheersen (verkoopoppervlakte < 2500 m²)