DR. TUNING
ActiveSummary
DR. TUNING has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108,067 and a net result of €60,950. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 47% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+35
Solvency56▲+14
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 0.63 in 2024; short-term debt: 29.8% and cash: 38.4% of total assets), and 69.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.5%
Return on assets
17.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €108,067
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
on the day
2022
on the day
2021
16 d late
2020
15 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€108,067▲ 129%
2024 · €47,117
Total assets
€354,029▲ 24.4%
2024 · €284,610
Net result
€60,950▲ 1,342%
2024 · €4,226
Working capital
€40,669
2024 · -€40,735
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
Line20212022202320242025
Operating result€13,406▼ 24.3%€7,808▼ 41.8%€10,901▲ 39.6%€14,428▲ 32.4%€101,198▲ 601%
Net result€5,936within the sector's middle half▼ 29.1%€2,935within the sector's middle half▼ 50.6%€2,020within the sector's middle half▼ 31.2%€4,226within the sector's middle half▲ 109%€60,950above the sector's middle half▲ 1,342%
Equity€104,207within the sector's middle half▲ 4.3%€96,293within the sector's middle half▼ 7.6%€82,380within the sector's middle half▼ 14.4%€47,117within the sector's middle half▼ 42.8%€108,067within the sector's middle half▲ 129%
Total assets€371,477above the sector's middle half▼ 7.4%€331,831above the sector's middle half▼ 10.7%€309,185within the sector's middle half▼ 6.8%€284,610within the sector's middle half▼ 7.9%€354,029above the sector's middle half▲ 24.4%
Debt€267,270▼ 11.3%€235,538▼ 11.9%€226,805▼ 3.7%€237,493▲ 4.7%€245,963▲ 3.6%
Working capital€15,090within the sector's middle half▲ 3.5%€2,418within the sector's middle half▼ 84.0%-€16,424below the sector's middle half-€40,735below the sector's middle half▼ 148%€40,669within the sector's middle half
Solvency28.1%within the sector's middle half▲ 3.2pp29.0%within the sector's middle half▲ 1.0pp26.6%within the sector's middle half▼ 2.4pp16.6%within the sector's middle half▼ 10.1pp30.5%within the sector's middle half▲ 14.0pp
Current ratio1.19within the sector's middle half▲ 0.021.03within the sector's middle half▼ 0.160.82below the sector's middle half▼ 0.220.63below the sector's middle half▼ 0.191.39within the sector's middle half▲ 0.75
Return on assets (ROA)1.6%within the sector's middle half▼ 0.5pp0.9%within the sector's middle half▼ 0.7pp0.7%within the sector's middle half▼ 0.2pp1.5%within the sector's middle half▲ 0.8pp17.2%above the sector's middle half▲ 15.7pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 601% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €354,029
Fixed assets
€207,932 ▼ 3.1%
Current assets
€146,098 ▲ 109%
Equity and liabilities €354,029
Equity
€108,067 ▲ 129%
Debt
€245,963 ▲ 3.6%
Debt's share of the balance-sheet total falls from 83.4% to 69.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€123,799▲
2024 · €35,233
Cash flow
€83,551▲
2024 · €25,032
Quick ratio
1.37▲
2024 · 0.61
Debt to equity
2.28▼
2024 · 5.04
ROE
56.4%▲
2024 · 9.0%
Interest coverage
11.45▲
2024 · 4.15
Debt ≤ 1 year
€105,429▼
2024 · €110,785
Debt > 1 year
€137,749▲
2024 · €124,745
Income taxes
€29,439▲
2024 · €1,719
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 31,371 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,282 | €21,533 | €21,533 | €20,806 | €22,601 | ▲ 8.6% |
| Other operating charges640/8 | €4,173 | €3,631 | €4,522 | €915 | €1,028 | ▲ 12.3% |
| Gross operating margin9900 | €39,862 | €32,973 | €36,956 | €36,149 | €124,827 | ▲ 245% |
| Operating profit (loss)9901 | €13,406 | €7,808 | €10,901 | €14,428 | €101,198 | ▲ 601% |
| Financial income75/76B | - | €0 | €0 | €0 | €7 | ▲ 6,910% |
| Recurring financial income75 | - | €0 | €0 | €0 | €7 | ▲ 6,910% |
| Financial charges65/66B | €4,284 | €3,495 | €7,871 | €8,483 | €10,816 | ▲ 27.5% |
| Recurring financial charges65 | €4,284 | €3,495 | €7,871 | €8,483 | €10,816 | ▲ 27.5% |
| Profit (loss) for the period before taxes9903 | €9,122 | €4,313 | €3,030 | €5,945 | €90,388 | ▲ 1,420% |
| Income taxes67/77 | €3,186 | €1,378 | €1,011 | €1,719 | €29,439 | ▲ 1,613% |
| Profit (loss) for the period9904 | €5,936 | €2,935 | €2,020 | €4,226 | €60,950 | ▲ 1,342% |
| Profit (loss) for the period to be appropriated9905 | €5,936 | €2,935 | €2,020 | €4,226 | €60,950 | ▲ 1,342% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €371,477 | €331,831 | €309,185 | €284,610 | €354,029 | ▲ 24.4% |
| Fixed assets21/28 | €278,432 | €256,899 | €235,366 | €214,560 | €207,932 | ▼ 3.1% |
| Tangible fixed assets22/27 | €250,432 | €228,899 | €207,366 | €186,560 | €179,932 | ▼ 3.6% |
| Land and buildings22 | €243,323 | €223,248 | €203,172 | €183,097 | €163,022 | ▼ 11.0% |
| Plant, machinery and equipment23 | €7,108 | €5,651 | €4,194 | €3,463 | €2,733 | ▼ 21.1% |
| Furniture and vehicles24 | - | - | - | - | €14,177 | - |
| Financial fixed assets28 | €28,000 | €28,000 | €28,000 | €28,000 | €28,000 | = |
| Current assets29/58 | €93,046 | €74,932 | €73,819 | €70,050 | €146,098 | ▲ 109% |
| Stocks and contracts in progress3 | €10,383 | €8,512 | €2,536 | €2,084 | €1,769 | ▼ 15.1% |
| Stocks30/36 | €10,383 | €8,512 | €2,536 | €2,084 | €1,769 | ▼ 15.1% |
| Amounts receivable within one year40/41 | €17,882 | €1,277 | €21,949 | €4,223 | €5,958 | ▲ 41.1% |
| Trade receivables40 | €13,696 | €1,225 | €13,023 | €4,223 | €5,823 | ▲ 37.9% |
| Other amounts receivable41 | €4,186 | €51 | €8,926 | €0 | €135 | - |
| Cash at bank and in hand54/58 | €64,781 | €65,144 | €49,333 | €63,742 | €136,066 | ▲ 113% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,305 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €371,477 | €331,831 | €309,185 | €284,610 | €354,029 | ▲ 24.4% |
| Equity10/15 | €104,207 | €96,293 | €82,380 | €47,117 | €108,067 | ▲ 129% |
| Contributions10/11 | €18,600 | €9,350 | €1,350 | €1,350 | €6,984 | ▲ 417% |
| Reserves13 | €85,607 | €86,943 | €81,030 | €45,767 | €101,082 | ▲ 121% |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | €83,747 | €86,943 | €81,030 | €45,767 | €101,082 | ▲ 121% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €267,270 | €235,538 | €226,805 | €237,493 | €245,963 | ▲ 3.6% |
| Amounts payable after more than one year17 | €159,674 | €148,205 | €136,563 | €124,745 | €137,749 | ▲ 10.4% |
| Financial debts170/4 | €109,674 | €98,205 | €86,563 | €74,745 | €62,749 | ▼ 16.0% |
| Other amounts payable178/9 | €50,000 | €50,000 | €50,000 | €50,000 | €75,000 | ▲ 50.0% |
| Amounts payable within one year42/48 | €77,956 | €72,513 | €90,242 | €110,785 | €105,429 | ▼ 4.8% |
| Current portion of amounts payable after more than one year42 | €11,299 | €11,469 | €11,642 | €11,818 | €11,996 | ▲ 1.5% |
| Trade debts44 | €4,093 | €3,579 | €2,937 | €2,428 | €1,005 | ▼ 58.6% |
| Suppliers440/4 | €4,093 | €3,579 | €2,937 | €2,428 | €1,005 | ▼ 58.6% |
| Advances received on contracts in progress46 | €1,875 | €1,875 | €1,875 | €0 | - | - |
| Taxes, remuneration and social security45 | €10,477 | €5,701 | €3,759 | €5,687 | €22,535 | ▲ 296% |
| Taxes450/3 | €10,477 | €5,701 | €3,759 | €5,687 | €22,535 | ▲ 296% |
| Other amounts payable47/48 | €50,212 | €49,889 | €70,029 | €90,851 | €69,893 | ▼ 23.1% |
| Accrued charges and deferred income492/3 | €29,640 | €14,820 | €0 | €1,964 | €2,785 | ▲ 41.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,936 | €2,935 | €2,020 | €4,226 | €60,950 | ▲ 1,342% |
| + Depreciation and write-downs630 | €22,282 | €21,533 | €21,533 | €20,806 | €22,601 | ▲ 8.6% |
| Operating cash flow (approximation) | €28,218 | €24,468 | €23,553 | €25,032 | €83,551 | ▲ 234% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€15,972 | - |
| Change in cash | - | €362 | -€15,810 | €14,409 | €72,324 | ▲ 402% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €60,950 ▲1,342%
Operating result €101,198, net result €60,950, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.39
Current ratio from 0.63 to 1.39; short-term debt falls from €110,785 to €105,429.
31-12
Financial
Equity above €100,000Eq €108,067 ▲129%
8 profitable years in a row build equity to €108,067.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Equity above €100,000Eq €104,207 ▲4.3%
4 profitable years in a row build equity to €104,207.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Oostende · 1 establishment unit since 1993
Ground area
2,426 m²
Building footprint
577 m²
Volume, LiDAR
3,070 m³
Parcel 35020B0072/00A000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DR. TUNING
since 19932.063.617.194
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0072/00A000 | Flanders | 2,426 m² | 1 · 577 m² | 6.7 m · 2 fl. |
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
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
18.52%
According to the 2025 annual accounts of DR. TUNING and those 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
GARAGE MODERNE BRAKEL
BE 0439.259.748
Brakel · Eq €107,938
WEST BRUSSELS
BE 0556.715.464
Brussel · Eq €108,296
S.N. CARS
BE 0476.937.716
Koekelberg · Eq €107,833
Carrure
BE 1012.229.345
Ieper · Eq €108,339
GARAGE SCHIETTECATTE
BE 0446.722.315
Gavere · Eq €107,752
Of 10,662 companies in sector 47811 we hold annual accounts for 5,227. 3,665 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
Founded29-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450351697
Also
9925:BE0450351697
Registered
07-12-2025
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.