Financials
Financial year 2025
Garage Teirlynck from Waregem, company number BE0831853984, closed financial year 2025 with a result of € 440,667 after tax. For that financial year Garage Teirlynck recorded revenue of € 17.6 million and equity of € 4.8 million. Compared with financial year 2024, the result moved from € 642,753 to € 440,667. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 4.8 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 440,667
▼ 31% vs 2024
Profit after tax over the fiscal year.
€ 217,360
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 72,377 paid out
16 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
12.2
▲ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 815,553
▲ 27% vs 2024
€ 66,800 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.
€ 142,590
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 975,481
▼ 17% vs 2024
€ 183,493 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 60,985
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1 days on average.
€ 112,281
▼ 55% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 18,380,366 | € 17,645,901 | ▼ 4% |
| Gross margin | € 2,428,567 | € 2,416,826 | - | - | |
| Profit after taxes | € 1,151,622 | € 1,019,016 | € 642,753 | € 440,667 | ▼ 31% |
| Equity | € 3,139,689 | € 4,058,705 | € 4,457,128 | € 4,825,418 | ▲ 8% |
| Total debts | € 2,260,334 | € 1,670,846 | € 1,764,330 | € 1,174,822 | ▼ 33% |
| Cash | € 463,638 | € 572,910 | € 432,701 | € 217,360 | ▼ 50% |
| Land & buildings | € 1,280,809 | € 1,193,954 | € 1,394,971 | € 1,299,777 | ▼ 7% |
| Retained profit | € 3,121,089 | € 4,040,105 | € 4,438,528 | € 4,806,818 | ▲ 8% |
| Dividend | € 256,845 | € 100,000 | € 244,330 | € 72,377 | ▼ 70% |
| Bank debt | € 1,489,948 | € 1,070,828 | € 1,169,862 | € 975,481 | ▼ 17% |
| Balance sheet total | € 5,400,023 | € 5,729,551 | € 6,221,459 | € 6,000,240 | ▼ 4% |
| Employees (FTE) | 10 | 11.2 | 10.2 | 12.2 | ▲ 2 |
Key figures of Garage Teirlynck, 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 Teirlynck?
What happened at Garage Teirlynck in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 440,667 (▼ 31% vs 2024). Source: NBB ↗
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million profit in 2022 to € 440,667 profit in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2022, with € 1.2 million profit.
On average € 215,800 of value added per employee in 2023.
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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 Teirlynck are Karl Teirlynck and Sofie Balcaen. The same people are also behind GT RENTING.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Lindestraat 85
8790 Waregem
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
TWENTYI, GB
Domain
Domain
garageteirlynck.be
Registered
2008-04-28
Website info
Features
Security
Network
Details
- Company number
- 0831.853.984
- VAT number
- BE 0831.853.984
- Registered office
- Lindestraat 85, 8790 Waregem
- Names & denominations
- Garage Teirlynck
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 2010
- Peppol
- Active · Active since 4 Feb 2025
- Contact
- garageteirlynck.be
- Activities · NACE
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Diensten in verband met vervoer te land