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CLOSE GARAGE

Active
Public limited companyfounded 20215 yrs activeRue de Liège 47, 6941 Durbuy, BelgiumKBO/BCE: BE 0767.628.009
Summary

The computed 12-month bankruptcy probability of CLOSE GARAGE is 1.7% (moderate). The 2024 annual accounts show equity of €113,163 and a net result of €44,315. Equity is growing by ~71.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 6545 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability44▼-1
Solvency31▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.13 against 1.11 in 2023; short-term debt: 88.4% and cash: 1.3% of total assets), and 93.7% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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 →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 6545 sector peers (2024).
NBB · sector comparison
Position among 6545 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
81 d late
2023
21 d late
2022
21 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 27 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CLOSE GARAGE was incorporated on 29 April 2021 as a Public limited company.1 Total assets rose from EUR 1 million in 2022 to EUR 1.8 million in 2024 and headcount from 9.4 to 11 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€44,315▼ 17.7%
2023 · €53,849
Working capital
€206,720▲ 7.0%
2023 · €193,123
Trend over the years

Click a name to add, emphasise or remove a line.Band: 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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result-€33,210-€146,708€160,213▲ 9.2%
Net result-€46,501below the sector's middle half-€53,849within the sector's middle half€44,315within the sector's middle half▼ 17.7%
Equity€14,999below the sector's middle half-€68,848within the sector's middle half▲ 359%€113,163within the sector's middle half▲ 64.4%
Total assets€1.0mwithin the sector's middle half-€1.9mwithin the sector's middle half▲ 82.8%€1.8mwithin the sector's middle half▼ 6.5%
Debt€1.0m-€1.8m▲ 78.7%€1.7m▼ 9.2%
Working capital€45,412within the sector's middle half-€193,123within the sector's middle half▲ 325%€206,720within the sector's middle half▲ 7.0%
Solvency1.4%below the sector's middle half-3.6%below the sector's middle half▲ 2.2pp6.3%below the sector's middle half▲ 2.7pp
Current ratio1.05within the sector's middle half-1.11within the sector's middle half▲ 0.071.13within the sector's middle half▲ 0.02
Return on assets (ROA)-4.5%below the sector's middle half-2.8%within the sector's middle half▲ 7.3pp2.5%within the sector's middle half▼ 0.3pp
Staff (FTE)9.4within the sector's middle half-9.7within the sector's middle half▲ 3.2%11within the sector's middle half▲ 13.4%
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.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000Operating result 2022: -€33,210-€33,210Net result 2022: -€46,501-€46,501Operating result 2023: €146,708€146,708Net result 2023: €53,849€53,849Operating result 2024: €160,213€160,213Net result 2024: €44,315€44,315202220232024-€100,000€0€100,000€200,000Operating result 2022: -€33,210-€33,200Net result 2022: -€46,501-€46,500Operating result 2023: €146,708€147,000Net result 2023: €53,849€53,800Operating result 2024: €160,213€160,000Net result 2024: €44,315€44,300202220232024
The operating result has risen two years in a row; 2024 is 9% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.8m
Equity €113,163 ▲ 64.4%
Debt €1.7m ▼ 9.2%
Debt's share of the balance-sheet total falls from 96.4% to 93.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Quick ratio
0.23▼
2023 · 0.39
Debt to equity
14.77▼
2023 · 26.72
ROE
39.2%▼
2023 · 78.2%
Debt ≤ 1 year
€1.6m▼
2023 · €1.7m
Income taxes
€17,054▲
2023 · €10,333
Staff costs
€607,083▲
2023 · €561,189
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.9% went bankrupt
1.8% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 1,603 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.9m€1.8m▼
Current assets29/58€1.9m€1.8m▼
Stocks and contracts in progress3€1.2m€1.4m▲
Stocks30/36€1.2m€1.4m▲
Amounts receivable within one year40/41€392,777€330,388▼
Trade receivables40€388,110€327,442▼
Other amounts receivable41€4,667€2,946▼
Cash at bank and in hand54/58€270,087€22,463▼
Deferred charges and accrued income490/1€1,898€2,080▲
Equity and liabilities
Total equity and liabilities10/49€1.9m€1.8m▼
Equity10/15€68,848€113,163▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€6,150€6,150=
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Profit (loss) carried forward14€1,198€45,513▲
Amounts payable17/49€1.8m€1.7m▼
Amounts payable within one year42/48€1.7m€1.6m▼
Financial debts43€955,771€797,370▼
Credit institutions430/8€955,771€797,370▼
Trade debts44€217,351€244,606▲
Suppliers440/4€217,351€244,606▲
Advances received on contracts in progress46€187,942€29,683▼
Taxes, remuneration and social security45€96,220€82,083▼
Taxes450/3€15,422€18,217▲
Remuneration and social security454/9€80,798€63,865▼
Other amounts payable47/48€258,242€423,559▲
Accrued charges and deferred income492/3€124,276€93,558▼
Income statement Code20232024
Remuneration, social security and pensions62€561,189€607,083▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5,578€3,102▼
Other operating charges640/8€6,481€5,003▼
Non-recurring operating charges66A€243€276▲
Gross operating margin9900€720,200€775,678▲
Operating profit (loss)9901€146,708€160,213▲
Financial income75/76B€1,515€0▼
Recurring financial income75€1,515€0▼
Financial charges65/66B€84,042€98,844▲
Recurring financial charges65€84,042€98,844▲
Profit (loss) for the period before taxes9903€64,182€61,369▼
Income taxes67/77€10,333€17,054▲
Profit (loss) for the period9904€53,849€44,315▼
Profit (loss) for the period to be appropriated9905€53,849€44,315▼
Appropriation of the result
Profit (loss) to be appropriated9906€7,348€45,513▲
Profit (loss) brought forward from the previous period14P-€46,501€1,198▲
Transfer to equity691/2€6,150-
To the legal reserve6920€6,150-
Social balance
Average headcount (FTE)90879.711.0▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Remuneration, social security and pensions62€792,131€561,189€607,083▲ 8.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€39,331€5,578€3,102▼ 44.4%
Other operating charges640/8€14,096€6,481€5,003▼ 22.8%
Non-recurring operating charges66A€427€243€276▲ 13.7%
Gross operating margin9900€812,775€720,200€775,678▲ 7.7%
Operating profit (loss)9901-€33,210€146,708€160,213▲ 9.2%
Financial income75/76B€84€1,515€0▼ 100%
Recurring financial income75€84€1,515€0▼ 100%
Financial charges65/66B€13,375€84,042€98,844▲ 17.6%
Recurring financial charges65€13,375€84,042€98,844▲ 17.6%
Profit (loss) for the period before taxes9903-€46,501€64,182€61,369▼ 4.4%
Income taxes67/77-€10,333€17,054▲ 65.0%
Profit (loss) for the period9904-€46,501€53,849€44,315▼ 17.7%
Profit (loss) for the period to be appropriated9905-€46,501€53,849€44,315▼ 17.7%
Line202220232024Change
Assets
Total assets20/58€1.0m€1.9m€1.8m▼ 6.5%
Current assets29/58€1.0m€1.9m€1.8m▼ 6.5%
Stocks and contracts in progress3€651,217€1.2m€1.4m▲ 14.9%
Stocks30/36€651,217€1.2m€1.4m▲ 14.9%
Amounts receivable within one year40/41€176,142€392,777€330,388▼ 15.9%
Trade receivables40€166,142€388,110€327,442▼ 15.6%
Other amounts receivable41€10,000€4,667€2,946▼ 36.9%
Cash at bank and in hand54/58€215,237€270,087€22,463▼ 91.7%
Deferred charges and accrued income490/1€1,734€1,898€2,080▲ 9.6%
Equity and liabilities
Total equity and liabilities10/49€1.0m€1.9m€1.8m▼ 6.5%
Equity10/15€14,999€68,848€113,163▲ 64.4%
Contributions10/11€61,500€61,500€61,500=
Capital10€61,500€61,500€61,500=
Issued capital100€61,500€61,500€61,500=
Reserves13-€6,150€6,150=
Non-distributable reserves130/1-€6,150€6,150=
Legal reserve130-€6,150€6,150=
Profit (loss) carried forward14-€46,501€1,198€45,513▲ 3,700%
Amounts payable17/49€1.0m€1.8m€1.7m▼ 9.2%
Amounts payable within one year42/48€998,918€1.7m€1.6m▼ 8.1%
Financial debts43€533,301€955,771€797,370▼ 16.6%
Credit institutions430/8€533,301€955,771€797,370▼ 16.6%
Trade debts44€159,603€217,351€244,606▲ 12.5%
Suppliers440/4€159,603€217,351€244,606▲ 12.5%
Advances received on contracts in progress46€29,100€187,942€29,683▼ 84.2%
Taxes, remuneration and social security45€73,726€96,220€82,083▼ 14.7%
Taxes450/3€15,969€15,422€18,217▲ 18.1%
Remuneration and social security454/9€57,757€80,798€63,865▼ 21.0%
Other amounts payable47/48€203,189€258,242€423,559▲ 64.0%
Accrued charges and deferred income492/3€30,413€124,276€93,558▼ 24.7%
Line202220232024Change
Profit (loss) for the period9904-€46,501€53,849€44,315▼ 17.7%
Operating cash flow (approximation)-€46,501€53,849€44,315▼ 17.7%
Change in cash-€54,849-€247,624▼ 551%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
20-10
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 81 days late
2024
31-12
Financial Equity above €100,000Eq €113,163 ▲64.4%
2 profitable years in a row build equity to €113,163.
21-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
31-12
Financial Back to profitnet €53,849
Net result €53,849 after one loss-making year.
10-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Durbuy · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
361 m²
Building footprint
145 m²
Parcel 83008B0163/00D004, Wallonia. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Close Garage
Rue de Liège 47, 6941 DurbuyNACE 45112
since 20212.316.695.144
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
83008B0163/00D004 Wallonia 361 m² 1 · 145 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group STEVENY HOLDING 26 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. STEVENY HOLDING 100%
  2. INVEST-GROUP AUTOMOTIVE 51%
  3. CLOSE GARAGE

Highest known parent: STEVENY HOLDING. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 10,662 companies in sector 47811 we hold annual accounts for 5,225. 3,678 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded29-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95314Bodywork repair (including spraying and painting)
Contact
E-mail info@close-garage.be
Phone 086211263
Fax 086213822
E-invoicing
Reachable via Peppol
Peppol ID 0208:0767628009
Registered 12-05-2021

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.