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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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INCAR-MOTOR from Seraing, company number BE0884666724, closed financial year 2025 with a result of € 85,028 after tax. For that financial year INCAR-MOTOR recorded revenue of € 43.1 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 99,179 to € 85,028. The company is profitable. 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 February 3, 2026.
€ 1.5 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 85,028
▼ 14% vs 2024
Profit after tax over the fiscal year.
€ 900,496
▼ 45% 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 € 1.5 million.
People and assets in 2025
44.2
▲ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▲ 10% vs 2024
€ 63,300 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.
€ 64,736
▲ 17% vs 2024
Of which on lease € 56,693.
Debts at end 2025
€ 8.7 million
▲ 12% vs 2024
€ 70,711 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 502,479
▼ 75% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 5 days on average.
€ 509,885
▼ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 27,465,562 | € 39,344,577 | € 43,118,049 | ▲ 10% |
| Gross margin | € 1,461,295 | - | - | - | |
| Profit after taxes | € 40,027 | € 34,301 | € 99,179 | € 85,028 | ▼ 14% |
| Equity | € 1,288,575 | € 1,322,876 | € 1,422,055 | € 1,507,083 | ▲ 6% |
| Total debts | € 4,134,217 | € 6,843,647 | € 10,938,904 | € 11,419,920 | ▲ 4% |
| Cash | € 1,031,702 | € 1,470,359 | € 1,630,171 | € 900,496 | ▼ 45% |
| Retained profit | € 1,282,375 | € 1,316,676 | € 1,415,855 | € 1,500,883 | ▲ 6% |
| Bank debt | € 99,298 | € 84,450 | € 7,796,519 | € 8,745,935 | ▲ 12% |
| Balance sheet total | € 5,422,793 | € 8,166,522 | € 12,396,252 | € 12,932,903 | ▲ 4% |
| Employees (FTE) | 23.8 | 31.9 | 41 | 44.2 | ▲ 3.2 |
Key figures of INCAR-MOTOR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to INCAR-MOTOR?
What happened at INCAR-MOTOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New establishment in Visé. KBO
- New annual accounts for financial year 2025: profit of € 85,028 (▼ 14% vs 2024). filed late Source: NBB ↗
- New establishment in Liège. KBO
- Leonarda ALFONSO stepped down as director. NBB
- New establishment in Arlon. KBO
- New establishment in Houffalize. KBO
- New establishment in Liège. KBO
- New establishment in Seraing. KBO
In short
From € 40,027 profit in 2022 to € 85,028 profit in 2025.
Paid € 135,446 in corporate taxes since 2022.
Best year ever: 2024, with € 99,179 profit.
On average € 61,400 of value added per employee in 2022.
Management
Behind INCAR-MOTOR is Sébastien INCARDONA. The shares are held by Sébastien INCARDONA (50%) and GTBUSINESS (50%). It owns 100% of PMF CONSULT and Etablissements MONFORT itself.
Directors
According to the 2025 annual accounts
Leonarda ALFONSO
Director
· until 2024
Shareholders
Sébastien INCARDONA
50%
50%
Participations
Establishments
Establishment units
Physical locations of this company
Rue Biefnot 12
4100 Seraing
Place Coronmeuse 41
4000 Liège
Active since 2 January 2017
Rue de la Limite 90A
4100 Seraing
Active since 1 January 2010
Rue de Jemeppe 223
4431 Ans
Active since 1 January 2010
Rue Biefnot 5
4100 Seraing
Active since 1 December 2014
Rue du Sewage 10
4100 Seraing
Active since 1 May 2015
Aux-Chéras 5
6661 Houffalize
Active since 1 December 2022
Bonnert, route de Bastogne 395
6700 Arlon
Active since 1 October 2023
Quai des Ardennes 86
4031 Liège
Active since 1 July 2025
Rue de Maestricht(VIS) 94
4600 Visé
Active since 1 July 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0884.666.724
- VAT number
- BE 0884.666.724
- Registered office
- Rue Biefnot 12, 4100 Seraing
- Names & denominations
- INCAR-MOTOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 October 2006
- Peppol
- Active · Active since 23 Dec 2025
- Contact
- [email protected]
- Activities · NACE
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Carrosserieherstelling (inclusief spuiten en verven)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
Carrosserieherstelling
Detailhandel in motorbrandstoffen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
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