ACTIVE

GAROG

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Financial year 2025 · closed on 31/12/2025

Net result

206,4 k €

+27.9% YoY

Gross margin

282,5 k €

+4.5% YoY

Equity

1,9 M €

+12.1% YoY

What does GAROG do?

GAROG is a Public limited company incorporated in 1988. Its main activity is: Maintenance and repair of motor vehicles. Its registered office is in Oudsbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.033.923

Incorporation

13/04/1988

Legal form

Public limited company

Registered office

Bijvaerdeweg 30
3660 Oudsbergen · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

45201Maintenance and repair of motor vehicles· main 50200Sea and coastal freight water transport 95311Repair of computers and personal and household goods 45111Sale of cars and light motor vehicles 46711Wholesale of solid, liquid and gaseous fuels and related products 50101Sea and coastal passenger water transport

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	282,5 k €	+4.5%	270,4 k €	+1.4%	266,7 k €	+12.0%	238,1 k €	+6.9%	222,8 k €	+2.9%	216,4 k €	+4.1%	207,9 k €	+2.8%	202,2 k €	+2.6%	197,1 k €	+0.3%	196,5 k €	+254%	55,5 k €	+2.4%	54,2 k €	-8.5%	59,2 k €	+3.4%	57,3 k €	+14.7%	49,9 k €	-44.4%	89,9 k €	-93.1%	1,3 M €	+6.6%	1,2 M €
EBITDA	266,6 k €	+4.6%	254,8 k €	+1.3%	251,5 k €	+12.2%	224,2 k €	+7.3%	209,1 k €	+2.4%	204,1 k €	+4.1%	196 k €	+2.8%	190,6 k €	+2.7%	185,5 k €	-1.6%	188,5 k €	+290%	48,3 k €	+2.4%	47,2 k €	-10.0%	52,4 k €	+3.6%	50,6 k €	+23.7%	40,9 k €	+55.2%	26,4 k €	-93.4%	400,7 k €	+25.1%	320,4 k €
Operating result	213,5 k €	+8.1%	197,6 k €	+18.7%	166,4 k €	+24.0%	134,2 k €	+15.0%	116,6 k €	+11.6%	104,5 k €	+29.1%	80,9 k €	-11.0%	90,9 k €	+5.1%	86,5 k €	+165%	32,7 k €	+177%	-42,4 k €	-65.4%	-25,7 k €	-361%	9,8 k €	+149%	-20,2 k €	+13.9%	-23,4 k €	+45.7%	-43,2 k €	-117%	250,1 k €	+28.7%	194,3 k €
Net result	206,4 k €	+27.9%	161,4 k €	+26.9%	127,3 k €	+38.0%	92,2 k €	+15.0%	80,2 k €	+48.7%	54 k €	+63.1%	33,1 k €	-14.3%	38,6 k €	+11.4%	34,7 k €	+378%	-12,5 k €	+13.6%	-14,4 k €	-133%	44,2 k €	+156%	17,2 k €	+131%	7,5 k €	+179%	-9,4 k €	-300%	-2,4 k €	-102%	115,1 k €	+18.7%	97 k €
Balance sheet
Equity	1,9 M €	+12.1%	1,7 M €	+10.5%	1,5 M €	+9.0%	1,4 M €	+7.0%	1,3 M €	+20.4%	1,1 M €	+5.2%	1 M €	+3.3%	1 M €	+4.0%	969,5 k €	+3.7%	934,8 k €	-1.3%	947,3 k €	-1.5%	961,7 k €	+4.8%	917,6 k €	+1.9%	900,3 k €	+0.8%	892,9 k €	-1.0%	902,3 k €	-0.3%	904,7 k €	+14.6%	789,6 k €
Total assets	1,9 M €	+11.1%	1,7 M €	+2.3%	1,7 M €	-0.1%	1,7 M €	-2.5%	1,7 M €	-7.5%	1,9 M €	-3.7%	1,9 M €	-5.2%	2,1 M €	-5.2%	2,2 M €	-6.3%	2,3 M €	-15.2%	2,7 M €	+146%	1,1 M €	+3.1%	1,1 M €	-13.1%	1,2 M €	-6.8%	1,3 M €	-7.5%	1,4 M €	-44.6%	2,6 M €	-0.9%	2,6 M €
Cash	265,4 k €	+27.4%	208,3 k €	-50.9%	423,9 k €	-24.9%	564,6 k €	-21.3%	717,1 k €	+33.7%	536,4 k €	+5.8%	506,8 k €	-24.2%	668,7 k €	-2.1%	683,1 k €	-9.0%	750,9 k €	-24.8%	998,7 k €	+148%	401,9 k €	+19.6%	336,1 k €	-13.5%	388,4 k €	-26.8%	530,3 k €	+119%	242,1 k €	+110%	115,6 k €	-45.6%	212,5 k €
Debts	10 k €	-61.2%	25,7 k €	-82.9%	150,3 k €	-46.2%	279,2 k €	-30.5%	401,8 k €	-48.5%	780,3 k €	-13.8%	905,6 k €	-13.4%	1 M €	-12.7%	1,2 M €	-13.1%	1,4 M €	-22.6%	1,8 M €	+1095%	149 k €	-6.2%	158,8 k €	-52.7%	335,9 k €	-22.5%	433,6 k €	-18.7%	533 k €	-66.5%	1,6 M €	-11.1%	1,8 M €
Other
Workforce	–		–		–		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		18,8 ETP	-2.6%	19,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 18 ended

Active mandates

BLYBLY

Director · since 05 août 2023 · until 05 août 2029 · 0730.873.224

Represented by Marijke WELTJENS

Active

Ended mandates

BLYBLY

Director · since 19 novembre 2019 · until 19 novembre 2025 · 0730.873.224

Represented by Marijke Weltjens

Ended

TRUCK SERVICE STATION

Managing director · since 19 novembre 2019 · until 19 novembre 2025 · 0422.235.258

Represented by Maria Henkens

Ended

Marijke Weltjens

Managing director · since 01 juin 2015 · until 19 novembre 2019

Ended

Marijke Weltjens

Managing director · since 01 juin 2015 · until 07 juin 2021

Ended

At this address

Other companies at this address

Company	CBE no.
BLYBLY● Active	0730.873.224
STUDIO ARTE● Active	0812.001.549

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	26/06/2026	15/07/2025	15/07/2024	29/06/2023	11/07/2022	06/07/2021
General meeting	01/06/2026	23/06/2025	24/06/2024	05/06/2023	07/06/2022	07/06/2021
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	01/06/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	23/06/2025	15/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	15/07/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	06/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	22/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	23/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	07/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	23/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	08/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	02/07/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	10/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	20/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 1 active · 18 ended

Active mandates

BLYBLY

Director · since 05 août 2023 · until 05 août 2029 · 0730.873.224

Represented by Marijke WELTJENS

Active

Ended mandates

BLYBLY

Director · since 19 novembre 2019 · until 19 novembre 2025 · 0730.873.224

Represented by Marijke Weltjens

Ended

TRUCK SERVICE STATION

Managing director · since 19 novembre 2019 · until 19 novembre 2025 · 0422.235.258

Represented by Maria Henkens

Ended

Marijke Weltjens

Managing director · since 01 juin 2015 · until 19 novembre 2019

Ended

Marijke Weltjens

Managing director · since 01 juin 2015 · until 07 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other09/08/2023
BENAMING - DOEL
PDF
Mandates24/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other19/04/2017
DOEL
PDF
Mandates09/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/07/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2008
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 2025206,4 k €↑
2024
Annual accounts 2024161,4 k €↑
2023
Annual accounts 2023127,3 k €↑
2023
Name changeGAROG
2022
Annual accounts 202292,2 k €↑
2021
Annual accounts 202180,2 k €↑
2018
Annual accounts 201854 k €↑
2017
Annual accounts 201733,1 k €↓
2016
Annual accounts 201638,6 k €↑
2015
Annual accounts 201534,7 k €↑
2014
Annual accounts 2014-12,5 k €↑
2013
Annual accounts 2013-14,4 k €↓
2012
Annual accounts 201244,2 k €↑
2011
Annual accounts 201117,2 k €↑
2010
Annual accounts 20107,5 k €↑
2009
Annual accounts 2009-9,4 k €↓
2008
Annual accounts 2008-2,4 k €↓
2007
Annual accounts 2007115,1 k €↑
2006
Annual accounts 200697 k €
2006
Name changeTruck Service Station International
13/04/1988
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

GAROG

Overview

What does GAROG do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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