ACTIVE

GARAGE BAELE

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Financial year 2024 · closed on 31/12/2024

Net result

75,3 k €

-70.9% YoY

Gross margin

1 M €

-10.4% YoY

Equity

2,3 M €

-0.9% YoY

Workforce

11,1 ETP

+14.4% YoY

What does GARAGE BAELE do?

GARAGE BAELE is a Private limited company incorporated in 1991. Its main activity is: Maintenance and repair of motor vehicles. Its registered office is in Zelzate. It employs on average 11,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.156.151

Incorporation

23/12/1991

Legal form

Private limited company

Registered office

Industriepark Rosteyne 9
9060 Zelzate · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Average workforce

11,1 ETP

Activities (NACE)

45201Maintenance and repair of motor vehicles· main 47811Retail sale via stalls and markets of food, beverages and tobacco products 50200Sea and coastal freight water transport 95311Repair of computers and personal and household goods 45112Sale of cars and light motor vehicles 45113Sale of cars and light motor vehicles+4

Joint committees (2)

11200
20000

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 17 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1 M €	-10.4%	1,2 M €	+2.6%	1,1 M €	+35.8%	831,7 k €	+3.5%	803,2 k €	+7.9%	744,6 k €	+4.2%	714,5 k €	+11.0%	643,7 k €	-9.1%	708,2 k €	+5.7%	670,1 k €	+33.7%	501,1 k €	-10.3%	558,7 k €	+5.7%	528,6 k €	+12.7%	469 k €	-9.6%	519 k €	+15.3%	449,9 k €	+4.9%	429 k €
EBITDA	233,1 k €	-50.0%	465,8 k €	-0.9%	470,2 k €	+137%	198,6 k €	-32.5%	294,4 k €	+3.8%	283,5 k €	+9.2%	259,7 k €	+78.6%	145,4 k €	-23.8%	190,9 k €	+4.2%	183,2 k €	+118%	84,2 k €	-54.7%	185,8 k €	+11.9%	166 k €	+41.0%	117,8 k €	-55.5%	264,9 k €	+5.5%	251,2 k €	+18.1%	212,7 k €
Operating result	142,1 k €	-61.1%	365,8 k €	-4.3%	382,3 k €	+220%	119,6 k €	-22.5%	154,3 k €	-9.7%	170,9 k €	-3.8%	177,6 k €	+156%	69,3 k €	-52.3%	145,2 k €	+1.1%	143,7 k €	+199%	48,1 k €	-67.1%	146,1 k €	+14.6%	127,5 k €	+72.1%	74,1 k €	-64.8%	210,6 k €	+11.0%	189,7 k €	+29.3%	146,7 k €
Net result	75,3 k €	-70.9%	258,6 k €	-8.8%	283,5 k €	+210%	91,3 k €	-17.7%	110,9 k €	+34.9%	82,2 k €	-46.7%	154,2 k €	+275%	41,1 k €	-65.1%	117,8 k €	-0.5%	118,4 k €	+2662%	4,3 k €	-95.8%	103 k €	+16.8%	88,2 k €	+728%	10,6 k €	-92.4%	140,9 k €	-3.1%	145,4 k €	+31.9%	110,3 k €
Balance sheet
Equity	2,3 M €	-0.9%	2,3 M €	+6.4%	2,1 M €	+7.1%	2 M €	+11.9%	1,8 M €	+3.5%	1,7 M €	+5.0%	1,6 M €	+10.3%	1,5 M €	+2.8%	1,4 M €	+8.8%	1,3 M €	+9.8%	1,2 M €	+0.4%	1,2 M €	+4.8%	1,2 M €	+8.3%	1,1 M €	+1.0%	1,1 M €	+15.4%	913 k €	+18.9%	767,6 k €
Total assets	3,2 M €	+7.4%	3 M €	+4.6%	2,9 M €	-1.7%	2,9 M €	+13.1%	2,6 M €	-5.0%	2,7 M €	+43.7%	1,9 M €	+6.5%	1,8 M €	+2.6%	1,7 M €	+3.8%	1,7 M €	-1.3%	1,7 M €	+13.6%	1,5 M €	+7.4%	1,4 M €	+7.0%	1,3 M €	-7.9%	1,4 M €	+9.3%	1,3 M €	+12.3%	1,1 M €
Cash	145,1 k €	-42.3%	251,3 k €	-53.3%	537,8 k €	-44.3%	966 k €	+1163%	76,5 k €	+227%	23,4 k €	-34.7%	35,8 k €	+27.9%	28 k €	+10.0%	25,5 k €	+3541%	700 €	-96.6%	20,5 k €	-80.2%	103,4 k €	+33.8%	77,3 k €	-66.0%	227,5 k €	+37.5%	165,4 k €	+12.3%	147,3 k €	+168%	55 k €
Debts	989,9 k €	+33.0%	744 k €	-0.6%	748,3 k €	-20.3%	939,2 k €	+16.0%	809,8 k €	-19.6%	1 M €	+363%	217,4 k €	-11.9%	246,8 k €	-3.6%	256 k €	-16.1%	305 k €	-32.8%	453,7 k €	+76.5%	257,1 k €	+18.9%	216,3 k €	+1.1%	213,9 k €	-37.4%	342 k €	-2.3%	349,9 k €	-1.4%	354,7 k €
Other
Workforce	11,1 ETP	+14.4%	9,7 ETP	-11.8%	11,0 ETP	0.0%	11,0 ETP	+29.4%	8,5 ETP	+10.4%	7,7 ETP	+13.2%	6,8 ETP	+30.8%	5,2 ETP	-13.3%	6,0 ETP	-25.0%	8,0 ETP	+14.3%	7,0 ETP	+6.1%	6,6 ETP	+11.9%	5,9 ETP	-3.3%	6,1 ETP	+10.9%	5,5 ETP	+17.0%	4,7 ETP	-2.1%	4,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 5 active · 20 ended

Active mandates

HERATO

Director · since 11 janvier 2023 · 0797.047.911

Represented by Thomas BAELE

Active

Director · since 11 janvier 2023 · 0797.048.307

Represented by Baele ELLEN

Active

ZESSEN

Director · since 11 janvier 2023 · 0797.047.614

Represented by Hilde BAELE

Active

Noël Baele

Director · since 27 septembre 2021

Active

Lia Polfliet

Director

Active

Ended mandates

HERATO

Director · since 11 janvier 2023 · 0797.047.911

Represented by Thomas BAELE

Ended

Director · since 11 janvier 2023 · 0797.048.307

Represented by Ellen BAELE

Ended

ZESSEN

Director · since 11 janvier 2023 · 0797.047.614

Represented by Hilde BAELE

Ended

Ellen Baele

Director · since 27 septembre 2021

Ended

At this address

Other companies at this address

Company	CBE no.
CAR-KO● Active	0827.482.749
Pand● Active	0692.773.901

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2025	28/06/2024	20/06/2023	25/08/2022	13/07/2021	25/08/2020
General meeting	15/06/2025	15/06/2024	15/06/2023	15/06/2022	15/06/2021	15/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	15/06/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	20/06/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	13/07/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	25/08/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	17/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	19/09/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	15/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	19/06/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	24/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	05/08/2009	Dutch	PDF
Abridged model	31/12/2007	15/06/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 5 active · 20 ended

Active mandates

HERATO

Director · since 11 janvier 2023 · 0797.047.911

Represented by Thomas BAELE

Active

Director · since 11 janvier 2023 · 0797.048.307

Represented by Baele ELLEN

Active

ZESSEN

Director · since 11 janvier 2023 · 0797.047.614

Represented by Hilde BAELE

Active

Noël Baele

Director · since 27 septembre 2021

Active

Lia Polfliet

Director

Active

Ended mandates

HERATO

Director · since 11 janvier 2023 · 0797.047.911

Represented by Thomas BAELE

Ended

Director · since 11 janvier 2023 · 0797.048.307

Represented by Ellen BAELE

Ended

ZESSEN

Director · since 11 janvier 2023 · 0797.047.614

Represented by Hilde BAELE

Ended

Ellen Baele

Director · since 27 septembre 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2021
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/12/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/10/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates06/12/2005
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2003
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

2024
Annual accounts 202475,3 k €↓
2023
Annual accounts 2023258,6 k €↓
2022
Annual accounts 2022283,5 k €↑
2021
Annual accounts 202191,3 k €↓
2018
Annual accounts 2018110,9 k €↑
2017
Annual accounts 201782,2 k €↓
2016
Annual accounts 2016154,2 k €↑
2015
Annual accounts 201541,1 k €↓
2014
Annual accounts 2014117,8 k €↓
2013
Annual accounts 2013118,4 k €↑
2012
Annual accounts 20124,3 k €↓
2011
Annual accounts 2011103 k €↑
2010
Annual accounts 201088,2 k €↑
2009
Annual accounts 200910,6 k €↓
2008
Annual accounts 2008140,9 k €↓
2007
Annual accounts 2007145,4 k €↑
2006
Annual accounts 2006110,3 k €
23/12/1991
IncorporationPrivate 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 BAELE

Overview

What does GARAGE BAELE do?

Trend over 17 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