Active BE 0403.274.431Public limited company

A. Garçon et Cie

L. Mommaertslaan 24 ·1140 Evere, Belgium· 91 yrs active

Conclusion Checked

A. Garçon et Cie has been active since 1935 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €601k and a net result of €5k. Equity remains stable across the filed fiscal years (±1.1% per year). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€601k
Net result	€5k
Active	91 yrs
Board	4

Financial profile 5 of 5 axes measured · computed by Checked

69 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 81

Profitability 4

Solvency 83

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1935, 91 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

81 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview49 NBB filings

Annual accounts filed on 25-08-2026 with the NBB · fiscal year 2025 · full schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 3 fiscal years (±1.1%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€41k

+3.4% 23-25

Net profit

€5k

-40.7% 23-25

Cash flow

€37k

-8.5% 23-25

Total assets

€967k

+0.3% 23-25

Equity

€601k

+0.8% 23-25

Working capital

€54k

+106.8% 23-25

Income taxes

€13k

+57.4% 23-25

Debt

€241k

+3.3% 23-25

Debt ≤ 1y

€241k

+3.3% 23-25

Current ratio

1.22

+10.0% 23-25

Quick ratio

1.22

+10.0% 23-25

Solvency

62.2%

+0.5% 23-25

Debt / equity

0.40

+2.5% 23-25

ROE

0.8%

-41.2% 23-25

ROA

0.5%

-40.9% 23-25

Interest coverage

91.03

-39.7% 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	full schema
Revenue	-
EBITDA	€41k
Net profit	€5k
Cash flow	€37k
Staff costs	-
Income taxes	€13k
Dividends	-
Total assets	€967k
Equity	€601k
Debt	€241k
of which ≤ 1y	€241k
of which > 1y	-
Working capital	€54k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.22
Quick ratio	1.22
Working capital ratio	5.5%
Solvency	62.2%
Debt / equity	0.40
Long-term debt ratio	-
Interest coverage	91.03
Gross margin	-
Net margin	-
ROA	0.5%
ROE	0.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Balance-sheet composition 2025

Assets

Fixed assets €672k · 69.5% Current assets €295k · 30.5%

Equity & liabilities

Equity €601k · 62.2% Provisions €124k · 12.9% Debt €241k · 24.9%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€967k
Fixed assets	21/28	€672k
Tangible fixed assets	22/27	€672k
Current assets	29/58	€295k
Amounts receivable within one year	40/41	€14k
Investments	50/53	€281k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€967k
Equity	10/15	€601k
Contributions / capital	10/11	€62k
Reserves	13	€440k
Accumulated profits (losses)	14	€99k
Provisions & deferred taxes	16	€124k
Amounts payable	17/49	€241k
Amounts payable within one year	42/48	€241k
Trade debts payable within one year	44	€5k
Income statement
Gross operating margin	9900	€46k
Operating result	9901	€8k
Financial charges	65	€446
Result before taxes	9903	€8k
Income taxes	67/77	€13k
Net result for the period	9904	€5k
Result to be appropriated	9905	€23k

Directors & mandates 6 directors

Directors derived from a single State Gazette act, under verification

All 4 current directors first appear in the same act (26019547). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

Charlotte Andries
Director
State Gazette act 26019547 (09-02-2026)

Current
26-09-2025 → present
Jean Andries
Director
State Gazette act 26019547 (09-02-2026)

Current
26-09-2025 → present
Emmanuel Andries
Daily management
State Gazette act 26019547 (09-02-2026)

Current
13-06-2015 → present
2 events
- 26-09-2025 Appointed· Daily management
- 13-06-2015 Mandate renewed· Director
Gauthier Andries
Director
State Gazette act 26019547 (09-02-2026)

Current
13-06-2015 → present
2 events
- 26-09-2025 Mandate renewed· Director
- 13-06-2015 Mandate renewed· Director

Historic, not recently confirmed (1)

These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.

Jean Cédric Andries
Director
State Gazette act 18161645 (07-11-2018)

Not recently confirmed
last confirmed in an act from 2018

Former directors (1)

Thierry Andries
Director
State Gazette act 18161645 (07-11-2018)

Former
13-06-2015 → 26-09-2025
2 events
- 26-09-2025 Resigned· Daily management
- 13-06-2015 Mandate renewed· Director

Legal Structure

NACE primary	-
Legal form	Public limited company(014)
Incorporation	01-01-1935
Status	Active
Postal code	1140

Establishment units 1 location

Winston Churchilllaan 220, 1180 Ukkel

NACE 6720

since 19342.003.447.205

Real-estate footprint Source: CBE × cadastre

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21612C0056/02M088	Brussels	2,216 m²	1 · 359 m²	30.0 m · 9 fl.

Methodology

via establishment units: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 13 events

All 14Financial 1Gazette 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

25-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 25 days late

09-02

State Gazette act Director changes

v3.2

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 61 days late

2024

31-12

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

17-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 48 days late

03-01

State Gazette act Statutes amendment

v3.2

2023

26-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

26-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

26-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

27-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 27 days late

2019

30-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

07-11

State Gazette act Director changes

v3.2

30-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 30 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 3 acts

All acts · 3 updated 6 months ago

2026

09-02-2026 2 directors appointed, 1 resigning, 2 reappointed Director changes

Emmanuel Andries, Dagelijks bestuur
Charlotte Andries, Bestuurder
Thierry Andries, Dagelijks bestuur
Gauthier Andries, Bestuurder
Jean Andries, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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      "role": "dagelijks_bestuur",
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        "rrn": null,
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        "address": null,
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      },
      "effective_date": "2025-09-26",
      "evidence_quote": "L\u0027Assembl\u00E9e G\u00E9n\u00E9rale prend acte de la d\u00E9mission en sa qualit\u00E9 d\u0027administrateur d\u00E9l\u00E9gu\u00E9 de Monsieur Thierry Andries. La fin du mandat prend donc ses effets imm\u00E9diatement. L\u0027assembl\u00E9e g\u00E9n\u00E9rale lui donne d\u00E9charge de ses fonctions d\u0027administrateur-d\u00E9l\u00E9gu\u00E9.",
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    },
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      },
      "effective_date": "2025-09-26",
      "evidence_quote": "L\u0027assembl\u00E9e G\u00E9n\u00E9rale d\u00E9cide de nommer Madame Charlotte Andries en qualit\u00E9 d\u0027administrateur."
    },
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        "address": null,
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      },
      "effective_date": "2025-09-26",
      "evidence_quote": "L\u0027assembl\u00E9e G\u00E9n\u00E9rale d\u00E9cide de renouveler les mandats de Monsieur Gauthier Andries et Jean Andries."
    },
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      "kind": "director_renew",
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        "rrn": null,
        "name": "Jean Andries",
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      "effective_date": "2025-09-26",
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    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0403.274.431",
    "name_full": "A. GARCON ET CIE",
    "legal_form": "SA"
  }
}

2024

03-01-2024 Articles of association amended Statutes amendment

Summary: v3.2

Original publication ↗

Technical details

{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": true,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2023-12-28",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0403.274.431",
    "name_full": "GARCON A. ET CIE, SOCIETE DE COURTAGE, D\u0027ASSURANCES ET DE REASSURANCES",
    "legal_form": "SA"
  },
  "signature_regime": "joint_two",
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}

2018

07-11-2018 4 reappointed Director changes

Thierry Andries, Bestuurder
Jean Cédric Andries, Bestuurder
Emmanuel Andries, Bestuurder
Gauthier Andries, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Thierry Andries",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2015-06-13",
      "evidence_quote": "L\u0027Assembl\u00E9e G\u00E9n\u00E9rale du 13/6/2015 a renouvel\u00E9 les mandats des administrateurs Thierry Andries, Jean C\u00E9dric Andries, Emmanuel Andries et Gauthier Andries. Malheureusement ce renouvellement n\u0027a pas \u00E9t\u00E9 publi\u00E9 aux Annexes du Moniteur Belge. L\u0027Assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire de ce jour d\u00E9cide donc de ",
      "discharge_granted": true
    },
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        "address": null,
        "birth_date": null
      },
      "effective_date": "2015-06-13",
      "evidence_quote": "L\u0027Assembl\u00E9e G\u00E9n\u00E9rale du 13/6/2015 a renouvel\u00E9 les mandats des administrateurs Thierry Andries, Jean C\u00E9dric Andries, Emmanuel Andries et Gauthier Andries. Malheureusement ce renouvellement n\u0027a pas \u00E9t\u00E9 publi\u00E9 aux Annexes du Moniteur Belge. L\u0027Assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire de ce jour d\u00E9cide donc de ",
      "discharge_granted": true
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Emmanuel Andries",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2015-06-13",
      "evidence_quote": "L\u0027Assembl\u00E9e G\u00E9n\u00E9rale du 13/6/2015 a renouvel\u00E9 les mandats des administrateurs Thierry Andries, Jean C\u00E9dric Andries, Emmanuel Andries et Gauthier Andries. Malheureusement ce renouvellement n\u0027a pas \u00E9t\u00E9 publi\u00E9 aux Annexes du Moniteur Belge. L\u0027Assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire de ce jour d\u00E9cide donc de ",
      "discharge_granted": true
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
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        "rrn": null,
        "name": "Gauthier Andries",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2015-06-13",
      "evidence_quote": "L\u0027Assembl\u00E9e G\u00E9n\u00E9rale du 13/6/2015 a renouvel\u00E9 les mandats des administrateurs Thierry Andries, Jean C\u00E9dric Andries, Emmanuel Andries et Gauthier Andries. Malheureusement ce renouvellement n\u0027a pas \u00E9t\u00E9 publi\u00E9 aux Annexes du Moniteur Belge. L\u0027Assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire de ce jour d\u00E9cide donc de ",
      "discharge_granted": true
    }
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  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0403.274.431",
    "name_full": "GARCON A. ET CIE, SOCIETE DE COURTAGE, D\u0027ASSURANCES ET DE REASSURANCES",
    "legal_form": "SA"
  }
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameFR

A. Garçon et Cie