ACTIVE

GARMIN BELUX

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Financial year 2025 · Closed on 31/12/2025

Net result770,3 k €+20,2 %over 1 year
Revenue36,6 M €+14,4 %over 1 year
Equity3,2 M €+11,2 %over 1 year
Workforce23,5 ETP+13,0 %over 1 year

Identity

Source · BCE/KBO

GARMIN BELUX is a Public limited company incorporated in 1991. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Evere. It employs on average 23,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0444.694.421
Incorporation
12/07/1991
Legal form
Public limited company
Registered office
Avenue des Olympiades 2
1140 Evere · BruxellesSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
23,5 ETP
Joint committees (4)
  • 149
  • 14901
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue36,6 M €32 M €26,6 M €25,3 M €25,7 M €
EBITDA1,1 M €981,2 k €688,7 k €603,8 k €614,3 k €
Operating result1,1 M €905,4 k €674,5 k €594,4 k €619,9 k €
Net result770,3 k €640,6 k €475,9 k €415,8 k €436,6 k €
Balance sheet
Equity3,2 M €2,9 M €2,7 M €2,5 M €2,5 M €
Total assets7,5 M €7,4 M €6,2 M €4,9 M €3,6 M €
Cash1,9 M €2,1 M €2 M €1,2 M €1,7 M €
Debts4,3 M €4,5 M €3,5 M €2,3 M €1 M €
Other
Workforce23,5 ETP20,8 ETP22,4 ETP24,3 ETP21,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 35 ended

Active mandates

Jonathan Wagstaff

Director · since 08 février 2025 · until 30 novembre 2027

Active
Eric BERNARD

Director · since 10 mai 2024 · until 30 novembre 2027

Active
Sean Michael BIDDLECOMBE

Director · since 14 mai 2021 · until 30 juin 2027

Active

Ended mandates

Andrew ETKIND

Director · since 10 mai 2024 · until 07 février 2025

Ended
Andrew ETKIND

Director · since 10 mai 2024 · until 30 novembre 2027

Ended
Andrew ETKIND

Director · since 14 mai 2021 · until 30 novembre 2024

Ended
Eric BERNARD

Director · since 14 mai 2021 · until 30 novembre 2024

Ended

Other companies at this address

Avenue des Olympiades 2 1140 Evere
CompanyCBE no.
ARC EUROPE● Active
0445.919.391
ARC EUROPE GROUP INSURANCE BROKERAGE● Active
0628.954.136
BELGIAN BUSINESS EXCELLENCE AND SUCCES TRANFER● Active
0426.169.302
BISTRO GARDEN● Bankrupt
0841.084.327
Compagnie Internationale de Participations● Active
0442.623.569
EUROPE - NET● Active
0459.979.542
EXPRA EUROPE● Active
1033.070.982
EXTENDED PRODUCER RESPONSIBILITY ALLIANCE● Active
0524.725.854
FOST PLUS● Active
0447.550.872
INGEVITY HOLDINGS● Active
0402.720.145
LUNCH GARDEN● Bankrupt
0447.668.559
Lunch Garden Holding● Bankrupt
0813.234.934
SITA P2● Active
1012.061.277
Société Internationale de Télécommunications Aéronautiques● Active
0403.150.410

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/05/202616/05/202513/05/202415/05/202318/05/202218/05/2021
General meeting08/05/202609/05/202510/05/202412/05/202313/05/202214/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202508/05/202612/05/2026DutchPDF
Full modelCorrection31/12/202409/05/202516/05/2025DutchPDF
Full model31/12/202409/05/202515/05/2025DutchPDF
Full model31/12/202310/05/202413/05/2024DutchPDF
Full model31/12/202212/05/202315/05/2023DutchPDF
Full model31/12/202113/05/202218/05/2022DutchPDF
Full model31/12/202014/05/202118/05/2021DutchPDF
Full model31/12/201915/05/202028/05/2020DutchPDF
Full model31/12/201817/05/201905/06/2019DutchPDF
Full model31/12/201717/05/201804/06/2018DutchPDF
Full model31/12/201627/04/201704/05/2017DutchPDF
Full model31/12/201529/04/201601/06/2016FrenchPDF
Full model31/12/201424/04/201528/05/2015FrenchPDF
Full model31/12/201325/04/201427/05/2014FrenchPDF
Full model31/12/201208/05/201316/05/2013FrenchPDF
Full modelCorrection31/12/201127/04/201215/05/2013FrenchPDF
Full model31/12/201127/04/201229/05/2012FrenchPDF
Full model31/12/201029/04/201119/05/2011FrenchPDF
Full model31/12/200930/04/201001/06/2010FrenchPDF
Full model31/12/200824/04/200903/07/2009FrenchPDF
Full model31/12/200729/05/200814/07/2008FrenchPDF
Full model31/12/200603/06/200727/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 35 ended

Active mandates

Jonathan Wagstaff

Director · since 08 février 2025 · until 30 novembre 2027

Active
Eric BERNARD

Director · since 10 mai 2024 · until 30 novembre 2027

Active
Sean Michael BIDDLECOMBE

Director · since 14 mai 2021 · until 30 juin 2027

Active

Ended mandates

Andrew ETKIND

Director · since 10 mai 2024 · until 07 février 2025

Ended
Andrew ETKIND

Director · since 10 mai 2024 · until 30 novembre 2027

Ended
Andrew ETKIND

Director · since 14 mai 2021 · until 30 novembre 2024

Ended
Eric BERNARD

Director · since 14 mai 2021 · until 30 novembre 2024

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates13/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office30/05/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates25/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other13/10/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates12/08/2021
    DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other12/08/2021
    BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates27/05/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/06/2019
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025770,3 k €↑
  2. 2024
    Annual accounts 2024640,6 k €↑
  3. 2023
    Annual accounts 2023475,9 k €↑
  4. 2022
    Annual accounts 2022415,8 k €↓
  5. 2021
    Annual accounts 2021436,6 k €↑
  6. 2020
    Annual accounts 2020361,9 k €↑
  7. 2019
    Annual accounts 2019260,7 k €↑
  8. 2018
    Annual accounts 2018162,9 k €↓
  9. 2017
    Annual accounts 2017185,8 k €↑
  10. 2016
    Annual accounts 2016169,5 k €↓
  11. 2015
    Annual accounts 2015196,3 k €↓
  12. 2014
    Annual accounts 2014234 k €↓
  13. 2013
    Annual accounts 2013597 k €↑
  14. 2011
    Annual accounts 2011507,7 k €↓
  15. 2010
    Annual accounts 2010571,3 k €↑
  16. 2009
    Annual accounts 2009357,5 k €↓
  17. 2008
    Annual accounts 2008381,4 k €↓
  18. 2007
    Annual accounts 20071,4 M €↓
  19. 2006
    Annual accounts 20061,6 M €
  20. 12/07/1991
    IncorporationPublic limited company