Active BE 0450.869.262Private limited company (pre-2019)

AUTO+

Chemin des Prés 99 ·1480 Tubize, Belgium· 32 yrs active

Sector: Renting of cars (77110)

Conclusion Checked

The computed 12-month bankruptcy probability of AUTO+ is 1.1% (low). The 2022 annual accounts show equity of €61k and a net result of €3k. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 66% of 310 sector peers (fiscal year 2022). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€61k
Net result	€3k
Better than sector	66%
Active	32 yrs

Snowflake analysis 5 axes · computed by Checked

66 / 100

Strong profile, led by stability.

Health 79

Profitability 24

Solvency 77

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.1% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Long track record −Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

Long-established

Founded in 1993, 32 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2022 · computed

79 / 100 Excellent

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 31-08-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Trajectory (indicative)

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

growing Equity: growth of ~10.8%/year over 5 fiscal years, indicative, assuming unchanged policy.

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).

Sector comparison

Fiscal year 2022 · NACE 77, Renting & leasing · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	35.0%	23.3%	better than 66% of 310 sector peers
Net result	€3k	€4k	better than 46% of 309 sector peers
Equity	€61k	€21k	better than 75% of 310 sector peers
Gross operating margin	€22k	€23k	better than 48% of 307 sector peers
Total assets	€176k	€120k	better than 61% of 310 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€20k

-55.3% -26% vs sector

Net profit

€3k

-83.4% +21% vs sector

Cash flow

€19k

-51.8% -20% vs sector

Total assets

€176k

-5.0% +6% vs sector

Equity

€61k

+5.1% +12% vs sector

Working capital

€70k

-0.5% far above sector median

Income taxes

€4k

-28.6% +33% vs sector

Debt

€114k

-9.7% +6% vs sector

Debt ≤ 1y

€68k

-17.0% +16% vs sector

Debt > 1y

€45k

-0.3% -15% vs sector

Current ratio

2.03

+9.1% +12% vs sector

Quick ratio

2.03

+9.1% +12% vs sector

Solvency

35.0%

+10.6% ≈ vs sector

Debt / equity

1.86

-14.0% -1% vs sector

ROE

4.8%

-84.2% +14% vs sector

ROA

1.7%

-82.6% +15% vs sector

Interest coverage

16.80

-43.9% +60% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	-
EBITDA	€20k
Net profit	€3k
Cash flow	€19k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€176k
Equity	€61k
Debt	€114k
of which ≤ 1y	€68k
of which > 1y	€45k
Working capital	€70k
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	2.03
Quick ratio	2.03
Working capital ratio	39.6%
Solvency	35.0%
Debt / equity	1.86
Long-term debt ratio	0.73
Interest coverage	16.80
Gross margin	-
Net margin	-
ROA	1.7%
ROE	4.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €38k · 21.8% Current assets €137k · 78.2%

Equity & liabilities

Equity €61k · 35.0% Debt €114k · 65.0%

Full annual accounts

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

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€176k
Fixed assets	21/28	€38k
Tangible fixed assets	22/27	€38k
Current assets	29/58	€137k
Amounts receivable within one year	40/41	€132k
Cash & bank	54/58	€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€176k
Equity	10/15	€61k
Contributions / capital	10/11	€12k
Reserves	13	€2k
Accumulated profits (losses)	14	€47k
Amounts payable	17/49	€114k
Amounts payable after one year	17	€45k
Amounts payable within one year	42/48	€68k
Trade debts payable within one year	44	€64k
Income statement
Gross operating margin	9900	€22k
Operating result	9901	€4k
Financial charges	65	€1k
Result before taxes	9903	€3k
Net result for the period	9904	€3k
Result to be appropriated	9905	€3k

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Ratios computed by Checked.

Legal Structure

NACE primary	Renting of cars(77110)
Legal form	Private limited company (pre-2019)(015)
Incorporation	16-09-1993
Status	Active
Postal code	1480

Establishment units 1 location

AUTO +

Chemin des Prés 99, 1480 Tubizede groothandel in nieuwe en gebruikte auto's voor personenvervoer, inclusief die voor bijzondere doeleinden(vb ambulances)

since 19942.067.070.988

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25105C0107/00M004	Wallonia	4,592 m²	1 · 186 m²	8.8 m · 2 fl.

Methodology

via registered seat: 1

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

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

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

31-08-2023