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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GMS STORE from Herent, company number BE0811494971, closed financial year 2025 with a result of € -2 million after tax. For that financial year GMS STORE recorded revenue of € 28.1 million and equity of € -1.3 million. Compared with financial year 2024, the result moved from € 2 million to € -2 million. 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 3, 2026.
€ -1.3 million
▼ € 2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2 million
▼ still € 2 million profit in 2024
Profit after tax over the fiscal year.
€ 299,145
▲ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.1 million.
People and assets in 2025
28.6
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2 million
▲ 8% vs 2024
€ 68,500 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.
€ 972,416
▲ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 983,164
▲ 39% vs 2024
Loans from banks and other lenders, long and short.
€ 7 million
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 94 days on average.
€ 428,939
▲ 53% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 22,107,839 | € 30,044,790 | € 30,638,571 | € 28,080,470 | ▼ 8% |
| Profit after taxes | € 5,039 | € 146,925 | € 2,023,359 | € -2,031,729 | ▼ € 4.1 million |
| Equity | € -1,407,671 | € -1,260,746 | € 762,613 | € -1,269,116 | ▼ € 2 million |
| Total debts | € 13,760,929 | € 13,027,581 | € 10,598,402 | € 14,885,844 | ▲ 40% |
| Cash | € 130,076 | € 349,638 | € 189,170 | € 299,145 | ▲ 58% |
| Retained profit | € -3,242,671 | € -3,095,746 | € -1,072,387 | € -3,104,116 | ▼ € 2 million |
| Bank debt | € 1,670,447 | € 1,380,460 | € 706,049 | € 983,164 | ▲ 39% |
| Balance sheet total | € 12,353,258 | € 11,766,835 | € 11,361,015 | € 13,616,728 | ▲ 20% |
| Employees (FTE) | 18.1 | 20.7 | 27.7 | 28.6 | ▲ 0.9 |
Key figures of GMS STORE, 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 GMS STORE?
What happened at GMS STORE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SAAEM SA stepped down as director. NBB
- Antoine de Harlez de Deulin stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2 million (▼ € 4.1 million vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- SAAEM SA became a director. NBB
- Antoine de Harlez de Deulin became a director. NBB
- New establishment in Sint-Truiden. KBO
- New establishment in Gent. KBO
In short
From € 5,039 profit in 2022 to € 2 million loss in 2025.
Paid € 20,044 in corporate taxes since 2022.
Best year ever: 2024, with € 2 million profit.
Pays suppliers within 94 days on average.
Management
The stake of SAAEM Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GMS STOREThe shares are held by SAAEM Belgium (100%).
Directors
According to the 2025 annual accounts
SAAEM SA
Managing director · represented by Benoît Catelin
Also active at: GARAGE MODERN, GARAGE PAUWELS, REVISIEBEDRIJF CLAES & ZONEN, EURO-TRUCKS CLAES, EURO-TRUCKS RENTING, LIMBURGSE VERHUURMAATSCHAPPIJ, Claes & Zonen, TB +10 more
since 2024 · until 2029
Antoine de Harlez de Deulin
Managing director
Also active at: IMMO WEST 1, GARAGE MODERN, GARAGE PAUWELS, Maurin Immo East II, REVISIEBEDRIJF CLAES & ZONEN, EURO-TRUCKS CLAES, EURO-TRUCKS RENTING, LIMBURGSE VERHUURMAATSCHAPPIJ +15 more
since 2024 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 33
3020 Herent
Achilles Heyndrickxlaan 2
9050 Gent
Active since 23 December 2016
Industrielaan 3310
3800 Sint-Truiden
Active since 1 January 2024
Pathoekeweg 11
8000 Brugge
Active since 1 March 2024
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
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0811.494.971
- VAT number
- BE 0811.494.971
- Registered office
- Brusselsesteenweg 33, 3020 Herent
- Names & denominations
- GMS STORE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2009
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- nissangms.be
- Activities · NACE
Groothandel in andere motorvoertuigen (> 3,5 ton)
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)