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 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CGS CARS from Middelkerke, company number BE0808670786, closed financial year 2025 with a result of € -23,196 after tax. For that financial year CGS CARS recorded a gross margin of € 1,545 and equity of € 205,940. Compared with financial year 2024, the result moved from € 15,909 to € -23,196. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 13, 2026.
€ 205,940
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,196
▼ still € 15,909 profit in 2024
Profit after tax over the fiscal year.
€ 1,895
▼ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 193,540.
People and assets in 2025
€ 16,253
▼ 51% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 168,476
▼ 33% vs 2024
€ 34,127 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 289
▲ € 272 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 143
▼ 87% 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 | € 36,741 | € 78,028 | € 73,575 | € 1,545 | ▼ 98% |
| Profit after taxes | € -6,637 | € 22,419 | € 15,909 | € -23,196 | ▼ € 39,105 |
| Equity | € 192,466 | € 214,086 | € 229,135 | € 205,940 | ▼ 10% |
| Total debts | € 774,178 | € 688,572 | € 642,445 | € 656,976 | ▲ 2% |
| Cash | € 8,583 | € 2,940 | € 2,072 | € 1,895 | ▼ 9% |
| Retained profit | € 180,066 | € 201,686 | € 216,735 | € 193,540 | ▼ 11% |
| Dividend | € 0 | € 800 | € 859 | € 0 | ▼ 100% |
| Bank debt | € 127,734 | € 285,182 | € 252,032 | € 168,476 | ▼ 33% |
| Balance sheet total | € 966,645 | € 902,658 | € 871,581 | € 862,916 | ▼ 1% |
Key figures of CGS CARS, 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 CGS CARS?
What happened at CGS CARS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,196 (▼ € 39,105 vs 2024). Source: NBB ↗
- New establishment in Middelkerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,637 loss in 2022 to € 23,196 loss in 2025.
Paid € 16,869 in corporate taxes since 2022.
Best year ever: 2023, with € 22,419 profit.
Paid out € 1,659 in dividends to the owners in total.
A new publication or filing at CGS CARS? 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
Behind CGS CARS is Chris Schoutteet. It owns 100% of CGS Car Cleaning and 98% of Schoutteet Hendrik & Zoon itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Torhoutsesteenweg 4
8432 Middelkerke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0808.670.786
- VAT number
- BE 0808.670.786
- Registered office
- Torhoutsesteenweg 4, 8432 Middelkerke
- Names & denominations
- CGS CARS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2008
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
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