Equity
Equity rose in 2025 from €100,949 to €175,210.
Equity rose in 2025 from €100,949 to €175,210.
The micro format states no turnover.
Short-term debts fell from €200,334 to €127,498.
Nine of the last ten came late. The 2016 accounts came latest: 61 days after the end of the period.
Higher net result than 91% of companies in repair of computers and personal goods. Sector median €8,425 · 3,314 companies.
The dashed line is the sector median: 0.5% across 5,129 companies (NACE 95, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 95, micro). It does better than 68% of them on solvency, 77% on liquidity, 88% on profitability and 89% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 31,368 companies had the same profile as CAR-EQUIP has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CAR-EQUIP itself: 0.6% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for CAR-EQUIP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.35 (1.48 in 2024), above the usual 1.5. Short-term debt is 42.1% and cash 36.9% of total assets. 42.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| CAR-EQUIP Molenbeek-Saint-Jean | €302,709 | €123,456 | 57.9% | - |
| AMEYE JO Zwevegem | €250,981 | €122,380 | 66.0% | - |
| MEULDERS Haacht | €316,393 | €146,694 | 66.6% | - |
| MERAM PNEUS Brussels | €388,589 | €170,529 | 59.7% | - |
| MC AUTO PNEUS Binche | €335,814 | €100,075 | 45.5% | - |
| DENDERMONDSE BANDENCENTRALE Dendermonde | €330,150 | €115,728 | 57.6% | - |
| BANDEN KRAAINEM PNEUS Kraainem | €319,195 | €139,043 | 84.7% | - |
These companies have the same main activity as CAR-EQUIP: tyre services (NACE 95315). They are comparable in size and age: total assets between €251,000 and €389,000, founded between 1989 and 2005.
CAR-EQUIP files the micro format. That format states no turnover. The gross margin rose from -€1,494 in 2006 to €123,456 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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