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 2022 and 2023.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
ADDAX MOTORS from Deerlijk, company number BE0637770347, closed financial year 2023 with a result of € -4.9 million after tax. For that financial year ADDAX MOTORS recorded a gross margin of € -247,302 and equity of € 62,343. Compared with financial year 2022, the result moved from € -3.9 million to € -4.9 million. The company made a loss. The buffer shrank hard: equity is 96 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 24, 2024.
€ 62,343
▼ 96% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.9 million
▼ 23 % more loss than in 2022
Profit after tax over the fiscal year.
€ 2.5 million
▲ 161% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -15.8 million.
People and assets in 2023
35.8
▲ 10.6 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
▲ 38% vs 2022
€ 80,600 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.
€ 356,781
▼ 8% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 5.5 million
▲ 228% vs 2022
€ 141,986 is repaid this year. At this pace the long-term loan is gone in ≈ 32 years.
€ 2.9 million
▲ 39% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 492,830
▲ 62% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € -771,799 | € -1,173,949 | € -247,302 | ▲ € 926,647 |
| Profit after taxes | € -2,922,182 | € -3,944,381 | € -4,855,038 | ▼ € 910,657 |
| Equity | € 1,887,137 | € 1,603,106 | € 62,343 | ▼ 96% |
| Total debts | € 3,353,253 | € 4,699,098 | € 9,341,452 | ▲ 99% |
| Cash | € 336,537 | € 968,396 | € 2,524,619 | ▲ 161% |
| Retained profit | € -7,008,238 | € -10,952,619 | € -15,807,657 | ▼ € 4.9 million |
| Bank debt | € 1,274,256 | € 1,680,568 | € 5,516,985 | ▲ 228% |
| Balance sheet total | € 5,481,078 | € 6,626,794 | € 9,885,688 | ▲ 49% |
| Employees (FTE) | 17.9 | 25.2 | 35.8 | ▲ 10.6 |
Key figures of ADDAX MOTORS, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to ADDAX MOTORS?
What happened at ADDAX MOTORS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
ADDAX MOTORS is active according to the CBE. Legal situation: Opening faillissement.
- Ramon Reyntiens stepped down as director. NBB
- JiGi BV stepped down as director. NBB
- Hudico NV stepped down as director. NBB
- Gennaker BV stepped down as director. NBB
- BV Solyde stepped down as director. NBB
- Dorian Feron stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 4.9 million. filed late Source: NBB ↗
- Ramon Reyntiens became a director. NBB
In short
From € 2.9 million loss in 2021 to € 4.9 million loss in 2023.
Paid € 7,432 in corporate taxes since 2021.
Management
The stake of SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT, GRANDIS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ADDAX MOTORSThe shares are held by SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT (26.5%) and GRANDIS (13.2%).
Directors
According to the 2023 annual accounts
since 2023 · until 2026
since 2021 · until 2026
Director · represented by Jérome LEFEBVRE
Also active at: VMD Real Estate, Blue Oak Services
since 2020 · until 2026
since 2023 · until 2026
Dorian Feron
Director
since 2023 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kleine Tapuitstraat 18
8540 Deerlijk
Square des Martyrs 1
6000 Charleroi
Active since 5 March 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →BLUE OAK IMPACT
€ -243 gross margin · 2025
BLUE OAK REAL ESTATE
€ 479,138 gross margin · 2025
Finesco Invest
€ 263,023 gross margin · 2025
Blue Oak Services same network
€ -52,174 gross margin · 2025
EUROPEAN COMMODITIES
€ 106.8 million revenue · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
UPCLOUD, FI
Domain
Domain
addaxmotors.com
Registered
2015-06-19
Registrar
EuroDNS S.A.
Expires
2026-06-19
Website info
Features
Security
Details
- Company number
- 0637.770.347
- VAT number
- BE 0637.770.347
- Registered office
- Kleine Tapuitstraat 18, 8540 Deerlijk
- Names & denominations
- ADDAX MOTORS · ADDAX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 15 September 2015
- Peppol
- Not registered
- Contact
- addaxmotors.com
- Activities · NACE
Vervaardiging van motorvoertuigen
Detailhandel in onderdelen en accessoires van motorvoertuigen
Vervaardiging van carrosserieën voor motorvoertuigen
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in delen en toebehoren van motorvoertuigen
Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)