AUTO GARIK
ActiveSummary
The computed 12-month bankruptcy probability of AUTO GARIK is 1.5% (moderate). The 2024 annual accounts show equity of €161,734 and a net result of €24,993. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 19% of 6545 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability61▲+5
Solvency32▼-2
Growth80▼-5
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.36 against 0.62 in 2023; short-term debt: 84.8% and cash: 5.7% of total assets), and 92.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 6545 sector peers (2024).
NBB · sector comparisonPosition among 6545 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
89 d late
2022
92 d late
2021
28 d late
2020
122 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 91 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€5.4m▼ 40.9%
2023 · €9.1m
EBIT margin
0.8%▲ 0.2pp
2023 · 0.6%
Net result
€24,993▼ 32.6%
2023 · €37,062
Working capital
-€1.2m▼ 133%
2023 · -€520,450
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€3.5m€8.2m▲ 133%€9.1m▲ 12.0%€5.4m▼ 40.9%
Operating result€37,639▲ 27.1%€20,215▼ 46.3%€8,974▼ 55.6%€52,370▲ 484%€43,858▼ 16.3%
Net result€26,867above the sector's middle half▲ 33.4%€17,188within the sector's middle half▼ 36.0%€3,790within the sector's middle half▼ 77.9%€37,062within the sector's middle half▲ 878%€24,993within the sector's middle half▼ 32.6%
EBIT margin0.6%0.1%▼ 0.5pp0.6%▲ 0.5pp0.8%▲ 0.2pp
Equity€60,280within the sector's middle half▲ 80.4%€77,468within the sector's middle half▲ 28.5%€99,679within the sector's middle half▲ 28.7%€136,741within the sector's middle half▲ 37.2%€161,734within the sector's middle half▲ 18.3%
Total assets€285,826within the sector's middle half▼ 19.1%€539,989within the sector's middle half▲ 88.9%€574,888above the sector's middle half▲ 6.5%€1.5mwithin the sector's middle half▲ 168%€2.2mwithin the sector's middle half▲ 44.6%
Debt€225,546▼ 29.5%€462,521▲ 105%€475,209▲ 2.7%€1.4m▲ 195%€2.1m▲ 47.1%
Working capital€141,819above the sector's middle half▼ 26.4%€211,128within the sector's middle half▲ 48.9%€210,426above the sector's middle half▼ 0.3%-€520,450below the sector's middle half-€1.2mbelow the sector's middle half▼ 133%
Solvency21.1%within the sector's middle half▲ 11.6pp14.3%within the sector's middle half▼ 6.7pp17.3%within the sector's middle half▲ 3.0pp8.9%below the sector's middle half▼ 8.5pp7.3%below the sector's middle half▼ 1.6pp
Current ratio2.16within the sector's middle half▼ 0.111.75within the sector's middle half▼ 0.421.70within the sector's middle half▼ 0.040.62below the sector's middle half▼ 1.080.36below the sector's middle half▼ 0.26
Return on assets (ROA)9.4%within the sector's middle half▲ 3.7pp3.2%within the sector's middle half▼ 6.2pp0.7%within the sector's middle half▼ 2.5pp2.4%within the sector's middle half▲ 1.7pp1.1%within the sector's middle half▼ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Turnover +133% on 2021. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 16% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.6m ▲ 125%
Current assets
€676,377 ▼ 20.5%
Equity and liabilities €2.2m
Equity
€161,734 ▲ 18.3%
Debt
€2.1m ▲ 47.1%
Debt's share of the balance-sheet total rises from 91.1% to 92.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€319,974▲
2023 · €109,760
Cash flow
€301,110▲
2023 · €94,451
Quick ratio
0.20▼
2023 · 0.37
Debt to equity
12.77▲
2023 · 10.27
ROE
15.5%▼
2023 · 27.1%
Interest coverage
30.93▼
2023 · 40.12
Debt ≤ 1 year
€1.9m▲
2023 · €1.4m
Debt > 1 year
€176,885▲
2023 · €32,590
Income taxes
€9,170▼
2023 · €18,560
Staff costs
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
2.1%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €3.5m | €8.2m | €9.1m | €5.4m | ▼ 40.9% |
| Non-recurring operating income76A | - | - | - | - | €159,089 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €3.5m | €8.1m | €9.0m | €5.2m | ▼ 42.6% |
| Remuneration, social security and pensions62 | - | €3,013 | €25 | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,658 | €10,644 | €16,732 | €57,390 | €276,117 | ▲ 381% |
| Other operating charges640/8 | - | €1,488 | €11,004 | €17,173 | €105,068 | ▲ 512% |
| Non-recurring operating charges66A | - | €5,400 | - | €1,200 | - | - |
| Gross operating margin9900 | €47,211 | €40,760 | €36,735 | €128,132 | €425,043 | ▲ 232% |
| Operating profit (loss)9901 | €37,639 | €20,215 | €8,974 | €52,370 | €43,858 | ▼ 16.3% |
| Financial income75/76B | - | €5,462 | €412 | €5,988 | €649 | ▼ 89.2% |
| Recurring financial income75 | - | €62 | €412 | €5,988 | €649 | ▼ 89.2% |
| Non-recurring financial income76B | - | €5,400 | - | €0 | - | - |
| Financial charges65/66B | - | €1,040 | €3,353 | €2,736 | €10,344 | ▲ 278% |
| Recurring financial charges65 | €1,163 | €1,040 | €3,353 | €2,736 | €10,344 | ▲ 278% |
| Profit (loss) for the period before taxes9903 | €36,476 | €24,637 | €6,033 | €55,622 | €34,163 | ▼ 38.6% |
| Income taxes67/77 | €9,609 | €7,449 | €2,243 | €18,560 | €9,170 | ▼ 50.6% |
| Profit (loss) for the period9904 | €26,867 | €17,188 | €3,790 | €37,062 | €24,993 | ▼ 32.6% |
| Profit (loss) for the period to be appropriated9905 | €26,867 | €17,188 | €3,790 | €37,062 | €24,993 | ▼ 32.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €285,826 | €539,989 | €574,888 | €1.5m | €2.2m | ▲ 44.6% |
| Fixed assets21/28 | €22,224 | €45,577 | €64,825 | €689,781 | €1.6m | ▲ 125% |
| Tangible fixed assets22/27 | €17,224 | €45,577 | €61,281 | €686,237 | €1.5m | ▲ 126% |
| Plant, machinery and equipment23 | - | €38,908 | €52,119 | €37,485 | €22,852 | ▼ 39.0% |
| Furniture and vehicles24 | - | €889 | €4,782 | €645,771 | €1.5m | ▲ 136% |
| Other tangible fixed assets26 | - | €5,780 | €4,380 | €2,980 | €1,580 | ▼ 47.0% |
| Financial fixed assets28 | €5,000 | €0 | €3,544 | €3,544 | €3,544 | = |
| Current assets29/58 | €263,602 | €494,412 | €510,063 | €850,976 | €676,377 | ▼ 20.5% |
| Stocks and contracts in progress3 | €220,098 | €376,068 | €159,645 | €349,694 | €297,177 | ▼ 15.0% |
| Stocks30/36 | - | €376,068 | €159,645 | €349,694 | €266,532 | ▼ 23.8% |
| Contracts in progress37 | - | - | - | - | €30,645 | - |
| Amounts receivable within one year40/41 | €2,451 | €17,400 | €254,826 | €87,945 | €87,809 | ▼ 0.2% |
| Trade receivables40 | - | €9,000 | €194,362 | €11,601 | €71,958 | ▲ 520% |
| Other amounts receivable41 | - | €8,400 | €60,464 | €76,344 | €15,851 | ▼ 79.2% |
| Cash at bank and in hand54/58 | €30,800 | €86,187 | €91,394 | €290,373 | €126,028 | ▼ 56.6% |
| Deferred charges and accrued income490/1 | - | €14,758 | €4,198 | €122,964 | €165,364 | ▲ 34.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €285,826 | €539,989 | €574,888 | €1.5m | €2.2m | ▲ 44.6% |
| Equity10/15 | €60,280 | €77,468 | €99,679 | €136,741 | €161,734 | ▲ 18.3% |
| Contributions10/11 | - | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | €18,600 | - | €18,600 | - |
| Other1109/19 | - | - | €18,600 | - | €18,600 | - |
| Reserves13 | €24,860 | €41,860 | €47,881 | €81,881 | €81,881 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €40,000 | €46,021 | €80,021 | €80,021 | = |
| Profit (loss) carried forward14 | €29,220 | €29,408 | €33,198 | €36,260 | €61,253 | ▲ 68.9% |
| Amounts payable17/49 | €225,546 | €462,521 | €475,209 | €1.4m | €2.1m | ▲ 47.1% |
| Amounts payable after more than one year17 | €102,763 | €179,237 | €175,572 | €32,590 | €176,885 | ▲ 443% |
| Financial debts170/4 | - | €54,237 | €65,572 | €32,590 | €176,885 | ▲ 443% |
| Other amounts payable178/9 | - | €125,000 | €110,000 | €0 | - | - |
| Amounts payable within one year42/48 | €121,783 | €283,284 | €299,636 | €1.4m | €1.9m | ▲ 37.7% |
| Current portion of amounts payable after more than one year42 | - | €13,531 | €5,044 | €19,200 | €67,311 | ▲ 251% |
| Trade debts44 | €5,670 | €49,454 | €949 | €66,917 | €0 | ▼ 100% |
| Suppliers440/4 | - | €49,454 | €949 | €66,917 | - | - |
| Advances received on contracts in progress46 | - | €137,500 | €244,800 | €1.3m | €1.8m | ▲ 41.5% |
| Taxes, remuneration and social security45 | - | €12,086 | €3,859 | €21,467 | €29,418 | ▲ 37.0% |
| Taxes450/3 | - | €12,086 | €3,859 | €19,867 | €29,418 | ▲ 48.1% |
| Remuneration and social security454/9 | - | €0 | €0 | €1,600 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €70,713 | €44,984 | €0 | €3,866 | - |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,867 | €17,188 | €3,790 | €37,062 | €24,993 | ▼ 32.6% |
| + Depreciation and write-downs630 | €2,658 | €10,644 | €16,732 | €57,390 | €276,117 | ▲ 381% |
| Operating cash flow (approximation) | €29,525 | €27,832 | €20,522 | €94,451 | €301,110 | ▲ 219% |
| Investment in fixed assets (approximation) | - | -€33,997 | -€35,980 | -€682,346 | -€1.1m | ▼ 66.7% |
| Change in cash | - | €55,387 | €5,207 | €198,979 | -€164,345 | ▼ 183% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
17-08
State Gazette act
Resignation: Armen Matovosian (manager)Registered-office move · Share transfer4 facts ▸
State Gazette act
Resignation: Armen Matovosian (manager)
Registered-office move · Share transfer4 facts ▸
- Registered-office move, Boulevard Sylvain Dupuis n° 233, boîte 5, 1070 Anderlecht (Bruxelles)
- Director resignation, Armen Matovosian (manager)
- Director in office, Gagik Matovosian (manager)
- Share transfer, Armen Matovosian → Gagik Matovosian
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 92 days late
2024
31-12
Financial
Equity above €150,000Eq €161,734 ▲18.3%
7 profitable years in a row build equity to €161,734.
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 89 days late
2023
31-12
Financial
Highest result since 2018net €37,062 ▲878%
Operating result €52,370, net result €37,062, both a record.
31-12
Financial
Equity above €100,000Eq €136,741 ▲37.2%
6 profitable years in a row build equity to €136,741.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 28 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.27
Current ratio from 1.02 to 2.27; short-term debt falls from €240,234 to €151,284.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2018
Ground area
3.1 ha
Building footprint
3,637 m²
Volume, LiDAR
37,177 m³
2 parcels, Brussels, Flanders · tallest building 30.3 m, ±9 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
AUTO GARIK
since 20182.278.828.819
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643E0152/00Y002 | Flanders | 2.8 ha | 1 · 2,938 m² | 9.9 m · 3 fl. |
| 21001A0265/00G000 | Brussels | 2,843 m² | 1 · 699 m² | 30.3 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2024, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Armen Matovosian |
|
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 17-08-2026 ↗
- Armen Matovosian to Gagik Matovosian
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 10,654 companies in sector 47811 we hold annual accounts for 5,225. 3,717 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0632803452
Also
9925:BE0632803452
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.