ACTIVE

GARAGE VANGHELUWE

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Financial year 2024 · Closed on 31/12/2024

Net result343,8 k €+10,1 %over 1 year

Gross margin848,7 k €+11,2 %over 1 year

Equity2 M €+7,5 %over 1 year

Workforce3,8 ETP+22,6 %over 1 year

Identity

Source · BCE/KBO

GARAGE VANGHELUWE is a Public limited company incorporated in 1997. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Waregem. It employs on average 3,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0459.817.018
Incorporation: 20/01/1997
Legal form: Public limited company
Registered office: Vichtseweg 224
8790 Waregem · FlandreSee on map
Contributed capital: 62 841,01 €
Latest accounts: 31/12/2024
Average workforce: 3,8 ETP

Activities (NACE)

45113Sale of cars and light motor vehicles· main 47811Retail sale via stalls and markets of food, beverages and tobacco products 45201Maintenance and repair of motor vehicles 50200Sea and coastal freight water transport 68204Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate+1

Joint committees (3)

112
20018
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2024		2023		2022		2021		2020
Income statement
Gross margin	848,7 k €	+11.2%	763,3 k €	+37.3%	556,1 k €	+2.3%	543,5 k €	+23.6%	439,9 k €
EBITDA	611,1 k €	+8.4%	563,6 k €	+41.6%	398,1 k €	-3.1%	411 k €	+39.3%	295 k €
Operating result	547,9 k €	+9.2%	502 k €	+36.5%	367,8 k €	-5.2%	388 k €	+43.6%	270,1 k €
Net result	343,8 k €	+10.1%	312,2 k €	+18.6%	263,3 k €	+2.8%	256,1 k €	+39.4%	183,7 k €
Balance sheet
Equity	2 M €	+7.5%	1,9 M €	+11.9%	1,7 M €	+18.8%	1,4 M €	+22.4%	1,1 M €
Total assets	3,1 M €	-5.6%	3,3 M €	+6.4%	3,1 M €	+80.9%	1,7 M €	-12.1%	1,9 M €
Cash	396,3 k €	-56.9%	920 k €	+84.2%	499,6 k €	+30.1%	383,8 k €	-45.2%	699,8 k €
Debts	1,1 M €	-22.7%	1,4 M €	-0.0%	1,4 M €	+369%	301,5 k €	-61.9%	790,7 k €
Other
Workforce	3,8 ETP	+22.6%	3,1 ETP	+6.9%	2,9 ETP	-3.3%	3,0 ETP	-28.6%	4,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 11 ended

Active mandates

Dorine Cremelie

Managing director · since 09 décembre 2023

Active

Peter Vangheluwe

Managing director · since 22 septembre 2023

Active

Ended mandates

Dorine Cremelie

Managing director · since 09 décembre 2023 · until 09 décembre 2029

Ended

Peter Vangheluwe

Managing director · since 09 décembre 2023 · until 09 décembre 2029

Ended

Dorine Cremelie

Director · since 11 juin 2017 · until 11 juin 2023

Ended

Dorine Cremelie

Director · since 11 juin 2017 · until 22 septembre 2029

Ended

Full financial information

Source · NBB

	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	30/09/2025	24/09/2024	28/09/2023	24/08/2022	31/08/2021	09/07/2020
General meeting	25/09/2025	10/09/2024	22/09/2023	11/06/2022	12/06/2021	13/06/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	25/09/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	10/09/2024	24/09/2024	Dutch	PDF
Abridged model	31/12/2022	22/09/2023	28/09/2023	Dutch	PDF
Abridged model	31/12/2021	11/06/2022	24/08/2022	Dutch	PDF
Abridged model	31/12/2020	12/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	13/06/2020	09/07/2020	Dutch	PDF
Abridged model	31/12/2018	08/06/2019	12/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	25/07/2018	Dutch	PDF
Abridged model	31/12/2016	10/06/2017	25/08/2017	Dutch	PDF
Abridged model	31/12/2015	16/07/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	25/07/2015	21/08/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	19/06/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	09/06/2007	01/10/2007	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	31/08/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 11 ended

Active mandates

Dorine Cremelie

Managing director · since 09 décembre 2023

Active

Peter Vangheluwe

Managing director · since 22 septembre 2023

Active

Ended mandates

Dorine Cremelie

Managing director · since 09 décembre 2023 · until 09 décembre 2029

Ended

Peter Vangheluwe

Managing director · since 09 décembre 2023 · until 09 décembre 2029

Ended

Dorine Cremelie

Director · since 11 juin 2017 · until 11 juin 2023

Ended

Dorine Cremelie

Director · since 11 juin 2017 · until 22 septembre 2029

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates13/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2005
ONTSLAGEN - BENOEMINGEN
PDF

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

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Timeline

2024
Annual accounts 2024343,8 k €↑
2023
Annual accounts 2023312,2 k €↑
2023
Name changeGarage Vangheluwe
2022
Annual accounts 2022263,3 k €↑
2021
Annual accounts 2021256,1 k €↑
2021
Name changeVangheluwe Garage
2020
Annual accounts 2020183,7 k €↑
2019
Annual accounts 2019119,9 k €↓
2018
Annual accounts 2018146,8 k €↑
2017
Annual accounts 201782 k €↓
2016
Annual accounts 201697,8 k €↓
2015
Annual accounts 2015145,6 k €↑
2014
Annual accounts 201463,1 k €↑
2013
Annual accounts 201344,1 k €↑
2012
Annual accounts 201215 k €↑
2011
Annual accounts 2011-2,4 k €↓
2010
Annual accounts 201040,3 k €↑
2009
Annual accounts 200926,2 k €↓
2008
Annual accounts 200837,8 k €↑
2007
Annual accounts 200735,8 k €↓
2006
Annual accounts 200644,7 k €
20/01/1997
IncorporationPublic limited company

GARAGE VANGHELUWE

Overview

Identity

Financials

Valuation

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

Timeline