Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GARAGE MOTORSPORT from Houthalen-Helchteren, company number BE0715472196, closed financial year 2025 with a result of € 41,763 after tax. For that financial year GARAGE MOTORSPORT recorded a gross margin of € 98,718 and equity of € 83,096. Compared with financial year 2024, the result moved from € -9,210 to € 41,763. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 83,096
▲ 101% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41,763
▲ still € 9,210 loss in 2024
Profit after tax over the fiscal year.
€ 20,624
▲ € 18,351 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 € 64,496.
People and assets in 2025
€ 1,200
▼ 43% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 14,530
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 414,714
▼ 5% vs 2024
€ 28,564 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 19,705
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,325
▲ 246% 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 | € 72,531 | € 67,706 | € 40,756 | € 98,718 | ▲ 142% |
| Profit after taxes | € 13,841 | € 15,124 | € -9,210 | € 41,763 | ▲ € 50,973 |
| Equity | € 35,419 | € 50,543 | € 41,333 | € 83,096 | ▲ 101% |
| Total debts | € 581,850 | € 577,495 | € 558,983 | € 546,248 | ▼ 2% |
| Cash | € 2,449 | € 12,696 | € 2,273 | € 20,624 | ▲ € 18,351 |
| Land & buildings | € 568,388 | € 551,583 | € 538,957 | € 521,968 | ▼ 3% |
| Retained profit | € 16,819 | € 31,943 | € 22,733 | € 64,496 | ▲ 184% |
| Bank debt | € 470,455 | € 449,953 | € 435,188 | € 414,714 | ▼ 5% |
| Balance sheet total | € 617,269 | € 628,038 | € 600,316 | € 629,343 | ▲ 5% |
Key figures of GARAGE MOTORSPORT, 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 MOTORSPORT?
What happened at GARAGE MOTORSPORT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 41,763. Source: NBB ↗
- Latif Karabulut became a director. NBB
- New establishment in Houthalen-Helchteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,841 profit in 2022 to € 41,763 profit in 2025.
Paid € 18,897 in corporate taxes since 2022.
Best year ever: 2025, with € 41,763 profit.
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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 MOTORSPORT is Latif Karabulut.
Directors
According to the 2025 annual accounts
Latif Karabulut
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Europarklaan 1082
3530 Houthalen-Helchteren
Europark 1082
3530 Houthalen-Helchteren
Active since 4 December 2018
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
Google Workspace
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Website info
Features
Security
Network
Details
- Company number
- 0715.472.196
- VAT number
- BE 0715.472.196
- Registered office
- Europarklaan 1082, 3530 Houthalen-Helchteren
- Names & denominations
- GARAGE MOTORSPORT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 2018
- Peppol
- Active · Active since 3 Oct 2025
- Contact
- garagemotorsport.be
- Activities · NACE
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in onderdelen en accessoires van motorvoertuigen
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Algemene elektrotechnische installatiewerken
Groothandel in delen en toebehoren van motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in andere motorvoertuigen (> 3,5 ton)
Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen
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