Financials
Financial year 2025
TORQUE from Oudenaarde, company number BE0898547523, closed financial year 2025 with a result of € 154,510 after tax. For that financial year TORQUE recorded a gross margin of € 354,553 and equity of € 581,042. Compared with financial year 2024, the result moved from € 67,225 to € 154,510. Profitable, and profit is growing. 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 August 31, 2026.
€ 581,042
▲ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 154,510
▲ 130% vs 2024
Profit after tax over the fiscal year.
€ 18,659
▲ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 26,055 paid out
17 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 57,464
▲ 48% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 988,455
▼ 5% vs 2024
€ 80,194 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 21,748
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26,059
▲ 155% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 189,160 | € 186,048 | € 208,595 | € 354,553 | ▲ 70% |
| Profit after taxes | € 26,055 | € 54,177 | € 67,225 | € 154,510 | ▲ 130% |
| Equity | € 331,185 | € 385,362 | € 452,587 | € 581,042 | ▲ 28% |
| Total debts | € 1,314,632 | € 1,205,408 | € 1,083,522 | € 1,062,317 | ▼ 2% |
| Cash | € 26,498 | € 9,192 | € 10,501 | € 18,659 | ▲ 78% |
| Land & buildings | € 1,430,819 | € 1,376,541 | € 1,323,248 | € 1,270,644 | ▼ 4% |
| Retained profit | € 312,585 | € 366,762 | € 433,987 | € 562,442 | ▲ 30% |
| Dividend | € 0 | € 0 | € 0 | € 26,055 | |
| Bank debt | € 1,209,697 | € 1,124,777 | € 1,041,465 | € 988,455 | ▼ 5% |
| Balance sheet total | € 1,665,317 | € 1,610,271 | € 1,555,609 | € 1,662,859 | ▲ 7% |
Key figures of TORQUE, 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 TORQUE?
What happened at TORQUE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 154,510 (▲ 130% vs 2024). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Oudenaarde. KBO
- Stijn Marie Eeckhout became a director. NBB
- Wim Alberik Termote became a director. NBB
In short
From € 26,055 profit in 2022 to € 154,510 profit in 2025.
Paid € 129,598 in corporate taxes since 2022.
Best year ever: 2025, with € 154,510 profit.
Paid out € 26,055 in dividends to the owners in total.
Management
Behind TORQUE are Stijn Marie Eeckhout and Wim Alberik Termote. It owns 98% of Garage Eeckhout & Termote BV itself.
Directors
According to the 2025 annual accounts
since 2008
Wim Alberik Termote
Director
since 2008
Establishments
Establishment units
Physical locations of this company
Berchemweg 35
9700 Oudenaarde
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
- 0898.547.523
- VAT number
- BE 0898.547.523
- Registered office
- Berchemweg 35, 9700 Oudenaarde
- Names & denominations
- TORQUE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 2008
- Peppol
- Active · Active since 25 Jul 2025
- Activities · NACE
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)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)