ACTIVE

Garage Germaine

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Financial year 2025 · closed on 31/12/2025

Net result

692,3 k €

+70.6% YoY

Gross margin

2,2 M €

+21.2% YoY

Equity

4,2 M €

-9.6% YoY

Workforce

11,2 ETP

-5.1% YoY

What does Garage Germaine do?

Garage Germaine is a Public limited company incorporated in 1984. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Lier. It employs on average 11,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.758.131

Incorporation

28/12/1984

Legal form

Public limited company

Registered office

Beukheuvel 48
2500 Lier · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

11,2 ETP

Activities (NACE)

45111Sale of cars and light motor vehicles· main 45113Sale of cars and light motor vehicles 46711Wholesale of solid, liquid and gaseous fuels and related products 47811Retail sale via stalls and markets of food, beverages and tobacco products 50101Sea and coastal passenger water transport 50103Sea and coastal passenger water transport+6

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,2 M €	+21.2%	1,9 M €	+31.7%	1,4 M €	-24.9%	1,9 M €	+11.1%	1,7 M €	-2.5%	1,7 M €	+31.6%	1,3 M €	+3.1%	1,3 M €	+0.2%	1,3 M €	+3.7%	1,2 M €	+2.5%	1,2 M €	+13.6%	1,1 M €	+5.9%	996,3 k €	-10.0%	1,1 M €	+24.4%	890,3 k €	+38.8%	641,6 k €	-38.2%	1 M €	+9.1%	952,3 k €	-1.8%	970 k €
EBITDA	1,2 M €	+55.6%	770,8 k €	+90.5%	404,7 k €	-55.8%	915,9 k €	+39.6%	656,3 k €	-13.6%	759,9 k €	+95.0%	389,7 k €	-12.0%	442,8 k €	-18.6%	543,9 k €	+1.0%	538,7 k €	+0.8%	534,6 k €	+12.3%	476,1 k €	-5.5%	503,9 k €	-26.0%	680,9 k €	+45.3%	468,6 k €	+8.2%	433,1 k €	+14.5%	378,3 k €	+15.7%	327,1 k €	+6.3%	307,8 k €
Operating result	1,1 M €	+65.7%	646,9 k €	+136%	274,4 k €	-65.3%	790 k €	+52.2%	519,2 k €	-5.8%	551,1 k €	+303%	136,8 k €	-28.1%	190,2 k €	-45.2%	347,1 k €	-9.2%	382,2 k €	-0.9%	385,6 k €	+26.0%	305,9 k €	-5.0%	321,9 k €	-29.9%	459,4 k €	+133%	196,8 k €	+74.5%	112,8 k €	+75.3%	64,3 k €	-50.1%	129 k €	-23.1%	167,7 k €
Net result	692,3 k €	+70.6%	405,9 k €	+159%	157 k €	-68.9%	504,5 k €	+57.5%	320,4 k €	-2.0%	326,7 k €	+518%	52,9 k €	-43.9%	94,3 k €	-53.5%	202,9 k €	-8.7%	222,3 k €	-5.2%	234,6 k €	+40.8%	166,6 k €	-14.6%	195,1 k €	-27.0%	267,3 k €	+125%	118,7 k €	+205%	39 k €	+159%	15,1 k €	-86.6%	112,5 k €	-9.6%	124,5 k €
Balance sheet
Equity	4,2 M €	-9.6%	4,6 M €	+1.7%	4,5 M €	+3.6%	4,4 M €	+13.0%	3,9 M €	+19.5%	3,2 M €	+11.2%	2,9 M €	+1.9%	2,9 M €	+3.4%	2,8 M €	+7.9%	2,6 M €	+9.5%	2,3 M €	+11.1%	2,1 M €	+8.6%	1,9 M €	+11.2%	1,7 M €	+18.1%	1,5 M €	+8.8%	1,4 M €	+3.0%	1,3 M €	+4.1%	1,3 M €	+9.8%	1,2 M €
Total assets	6,5 M €	+6.0%	6,2 M €	+2.9%	6 M €	-4.0%	6,2 M €	+14.3%	5,5 M €	+1.3%	5,4 M €	+6.1%	5,1 M €	-6.4%	5,4 M €	-5.4%	5,7 M €	+9.6%	5,2 M €	+23.9%	4,2 M €	-9.0%	4,7 M €	+7.1%	4,3 M €	+3.9%	4,2 M €	+5.4%	4 M €	+7.1%	3,7 M €	-6.4%	4 M €	+67.6%	2,4 M €	-2.8%	2,4 M €
Cash	3,5 M €	+102%	1,7 M €	-39.0%	2,9 M €	+12.8%	2,5 M €	+29.1%	2 M €	+1.3%	1,9 M €	+41.7%	1,4 M €	+28.4%	1,1 M €	-39.5%	1,8 M €	-2.2%	1,8 M €	+9.8%	1,6 M €	+35.6%	1,2 M €	+3.5%	1,2 M €	+27.0%	921,1 k €	+193%	314,7 k €	-51.8%	652,4 k €	+135%	277,6 k €	-61.3%	717,7 k €	+132%	309,4 k €
Debts	2,4 M €	+54.7%	1,5 M €	+4.7%	1,5 M €	-21.6%	1,9 M €	+17.6%	1,6 M €	+2.8%	1,5 M €	+1.7%	1,5 M €	-15.0%	1,8 M €	-15.1%	2,1 M €	+18.0%	1,8 M €	+81.3%	984,4 k €	-41.5%	1,7 M €	+12.8%	1,5 M €	-0.4%	1,5 M €	-2.9%	1,5 M €	+14.0%	1,4 M €	+4.3%	1,3 M €	+74.3%	743,2 k €	-21.9%	951,1 k €
Other
Workforce	11,2 ETP	-5.1%	11,8 ETP	+12.4%	10,5 ETP	-16.7%	12,6 ETP	-13.1%	14,5 ETP	+5.1%	13,8 ETP	+13.1%	12,2 ETP	+2.5%	11,9 ETP	+5.3%	11,3 ETP	-0.9%	11,4 ETP	+16.3%	9,8 ETP	+2.1%	9,6 ETP	+6.7%	9,0 ETP	+23.3%	7,3 ETP	-5.2%	7,7 ETP	-18.9%	9,5 ETP	-5.9%	10,1 ETP	-6.5%	10,8 ETP	-12.9%	12,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 35 ended

Active mandates

Germaine Baetens

Director · until 28 mai 2029

Active

Godelieve Ceulemans

Director · until 28 mai 2029

Active

Leon Ceulemans

Director · until 28 mai 2029

Active

Marc Ceulemans

Director · until 28 mai 2029

Active

Ended mandates

Leon Ceulemans

Mandate · since 01 janvier 2015 · until 15 décembre 2020

Ended

Leon Ceulemans

Director · since 01 janvier 2015 · until 15 décembre 2020

Ended

Germaine BAETENS

Managing director · since 15 décembre 2014 · until 15 décembre 2020

Ended

Godelieve CEULEMANS

Managing director · since 15 décembre 2014 · until 15 décembre 2020

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/05/2026	27/05/2025	29/06/2024	14/07/2023	18/07/2022	23/06/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	29/05/2023	30/06/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/05/2026	28/05/2026	Dutch	PDF
Abridged model	31/12/2024	26/05/2025	27/05/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	29/06/2024	Dutch	PDF
Abridged model	31/12/2022	29/05/2023	14/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	18/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	23/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	31/07/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	29/05/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	26/07/2016	Dutch	PDF
Abridged model	31/12/2014	22/06/2015	22/07/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	26/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	01/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	22/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	19/08/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	03/07/2008	Dutch	PDF
Abridged model	31/12/2006	28/05/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 35 ended

Active mandates

Germaine Baetens

Director · until 28 mai 2029

Active

Godelieve Ceulemans

Director · until 28 mai 2029

Active

Leon Ceulemans

Director · until 28 mai 2029

Active

Marc Ceulemans

Director · until 28 mai 2029

Active

Ended mandates

Leon Ceulemans

Mandate · since 01 janvier 2015 · until 15 décembre 2020

Ended

Leon Ceulemans

Director · since 01 janvier 2015 · until 15 décembre 2020

Ended

Germaine BAETENS

Managing director · since 15 décembre 2014 · until 15 décembre 2020

Ended

Godelieve CEULEMANS

Managing director · since 15 décembre 2014 · until 15 décembre 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2009
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025692,3 k €↑
2024
Annual accounts 2024405,9 k €↑
2023
Annual accounts 2023157 k €↓
2022
Annual accounts 2022504,5 k €↑
2021
Annual accounts 2021320,4 k €↓
2019
Annual accounts 2019326,7 k €↑
2018
Annual accounts 201852,9 k €↓
2017
Annual accounts 201794,3 k €↓
2016
Annual accounts 2016202,9 k €↓
2015
Annual accounts 2015222,3 k €↓
2014
Annual accounts 2014234,6 k €↑
2013
Annual accounts 2013166,6 k €↓
2012
Annual accounts 2012195,1 k €↓
2011
Annual accounts 2011267,3 k €↑
2010
Annual accounts 2010118,7 k €↑
2009
Annual accounts 200939 k €↑
2008
Annual accounts 200815,1 k €↓
2007
Annual accounts 2007112,5 k €↓
2006
Annual accounts 2006124,5 k €
28/12/1984
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Garage Germaine

Overview

What does Garage Germaine do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline