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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Garden Center Ninove from Ninove, company number BE0842848440, closed financial year 2025 with a result of € -545,836 after tax. For that financial year Garden Center Ninove recorded a gross margin of € 69,551 and equity of € -6.1 million. Compared with financial year 2024, the result moved from € -497,476 to € -545,836. 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 8, 2026.
€ -6.1 million
▼ € 545,836 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -545,836
▼ 10 % more loss than in 2024
Profit after tax over the fiscal year.
€ 205,040
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -6.2 million.
People and assets in 2025
8.5
▲ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 433,845
▲ 17% vs 2024
€ 51,000 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.
€ 15,813
▲ 109% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 593,523
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 75,735
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 75,652 | € 132,047 | € 58,377 | € 69,551 | ▲ 19% |
| Profit after taxes | € -500,316 | € -376,557 | € -497,476 | € -545,836 | ▼ € 48,360 |
| Equity | € -4,712,715 | € -5,089,272 | € -5,586,748 | € -6,132,584 | ▼ € 545,836 |
| Total debts | € 5,668,672 | € 6,224,783 | € 6,612,654 | € 7,106,703 | ▲ 7% |
| Cash | € 45,610 | € 249,170 | € 235,432 | € 205,040 | ▼ 13% |
| Retained profit | € -4,731,315 | € -5,107,872 | € -5,605,348 | € -6,151,184 | ▼ € 545,836 |
| Balance sheet total | € 955,958 | € 1,135,511 | € 1,025,906 | € 974,119 | ▼ 5% |
| Employees (FTE) | 8.1 | 7.2 | 7.3 | 8.5 | ▲ 1.2 |
Key figures of Garden Center Ninove, 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 Garden Center Ninove?
What happened at Garden Center Ninove in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Carl LIEKENS stepped down as director. NBB
- PENTAHOLD NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 545,836. Source: NBB ↗
- SNUGGLES & DREAMS BV became a director. NBB
- D&P Retail Solutions BV stepped down as director. NBB
- D&P Retail Solutions BV became a director. NBB
- Carl LIEKENS became a director. NBB
- PENTAHOLD NV became a director. NBB
In short
From € 500,316 loss in 2022 to € 545,836 loss in 2025.
Paid € 1,000 in corporate taxes since 2022.
On average € 8,200 of value added per employee in 2025.
A new publication or filing at Garden Center Ninove? 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 Garden Center Ninove is SNUGGLES & DREAMS BV. The shares are held by Garden Center Holding NV (100%).
Directors
According to the 2025 annual accounts
Persoon belast met dagelijks bestuur · represented by Philippe De Coninck
Also active at: Garden Center Aarschot, GARDEN CENTER OLEN, GARDEN CENTER SAINT-GEORGES-SUR-MEUSE, GARDEN CENTER HOLDING, BLOEMENLAND, Garden Center Naninne, GILTAM, GARDEN CENTER TOURNAI +9 more
since 2025
Carl LIEKENS
Director
Also active at: VERIAC, Garden Center Aarschot, GARDEN CENTER OLEN, GARDEN CENTER SAINT-GEORGES-SUR-MEUSE, GOLDIE, GARDEN CENTER HOLDING, BLOEMENLAND, GARDEN CENTER LIFESTYLE +20 more
since 2022 · until 2028
Director · represented by Karel Gielen
Owns 40.7% via Garden Center Holding NV
Also active at: Garden Center Aarschot, GARDEN CENTER OLEN, GARDEN CENTER SAINT-GEORGES-SUR-MEUSE, GOLDIE, GARDEN CENTER HOLDING, BLOEMENLAND, GARDEN CENTER LIFESTYLE, Garden Center Naninne +15 more
since 2022 · until 2028
Persoon belast met dagelijks bestuur · represented by Alain Hellebaut
Also active at: Garden Center Aarschot, GARDEN CENTER OLEN, GARDEN CENTER SAINT-GEORGES-SUR-MEUSE, GARDEN CENTER HOLDING, BLOEMENLAND, Garden Center Naninne, GILTAM, GARDEN CENTER TOURNAI +9 more
since 2023 · until 2025
Shareholders
Garden Center Holding NV · holding of PENTAHOLD NV
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Albertlaan 130
9400 Ninove
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0842.848.440
- VAT number
- BE 0842.848.440
- Registered office
- Albertlaan 130, 9400 Ninove
- Names & denominations
- Garden Center Ninove
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 January 2012
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
Detailhandel in bloemen, planten, zaden en kunstmeststoffen