F & T PROCARS
ActiveSummary
The computed 12-month bankruptcy probability of F & T PROCARS is 1.9% (moderate). The annual accounts of F & T PROCARS for fiscal year 2024 show a net loss of 51% of the equity at the start of that year. The 2024 annual accounts show equity of €8,483 and a net result of -€8,856. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 3542 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability14▲+14
Solvency32▼-10
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.97 against 1.07 in 2023; short-term debt: 75.5% and cash: 0.8% of total assets), and 93.4% of the assets are financed with debt.
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Signals
Seven 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 dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
6.6%
Return on assets
-6.9%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year -€8,856
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 3542 sector peers (2024).
NBB · sector comparisonPosition among 3542 sector peers
Solvency
better than 23%
← weakest
strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
32 d early
2024
29 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
29 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 20 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 (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 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€8,483▼ 51.1%
2023 · €17,339
Total assets
€128,736▲ 28.7%
2023 · €100,000
Net result
-€8,856▲ 73.0%
2023 · -€32,757
Working capital
-€3,217
2023 · €4,717
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, 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
Line20202021202220232024
Operating result-€7,137-€16,273€46,288▲ 184%-€26,076-€1,152▲ 95.6%
Net result-€10,900below the sector's middle half-€10,246within the sector's middle half€30,972above the sector's middle half▲ 202%-€32,757below the sector's middle half-€8,856below the sector's middle half▲ 73.0%
Equity€9,100within the sector's middle half-€19,346within the sector's middle half▲ 113%€50,096within the sector's middle half▲ 159%€17,339within the sector's middle half▼ 65.4%€8,483within the sector's middle half▼ 51.1%
Total assets€75,948within the sector's middle half-€116,575within the sector's middle half▲ 53.5%€146,302within the sector's middle half▲ 25.5%€100,000within the sector's middle half▼ 31.6%€128,736within the sector's middle half▲ 28.7%
Debt€66,848-€97,229▲ 45.4%€96,206▼ 1.1%€82,661▼ 14.1%€120,253▲ 45.5%
Working capital€3,313within the sector's middle half-€11,844within the sector's middle half▲ 258%€42,349within the sector's middle half▲ 258%€4,717within the sector's middle half▼ 88.9%-€3,217within the sector's middle half
Solvency12.0%within the sector's middle half-16.6%within the sector's middle half▲ 4.6pp34.2%within the sector's middle half▲ 17.6pp17.3%within the sector's middle half▼ 16.9pp6.6%below the sector's middle half▼ 10.7pp
Current ratio1.06within the sector's middle half-1.13within the sector's middle half▲ 0.071.52within the sector's middle half▲ 0.391.07within the sector's middle half▼ 0.460.97within the sector's middle half▼ 0.10
Return on assets (ROA)-14.4%below the sector's middle half-8.8%within the sector's middle half▲ 23.1pp21.2%above the sector's middle half▲ 12.4pp-32.8%below the sector's middle half▼ 53.9pp-6.9%below the sector's middle half▲ 25.9pp
Staff (FTE)0.81▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, 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
The operating result stays negative: a loss of €1,152 in 2024 against €26,076 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €128,736
Fixed assets
€34,818 ▲ 52.6%
Current assets
€93,918 ▲ 21.7%
Equity and liabilities €128,736
Equity
€8,483 ▼ 51.1%
Debt
€120,253 ▲ 45.5%
Debt's share of the balance-sheet total rises from 82.7% to 93.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3,822▲
2023 · -€21,945
Cash flow
-€3,881▲
2023 · -€28,626
Quick ratio
0.21▼
2023 · 0.23
Debt to equity
14.18▲
2023 · 4.77
ROE
-104.4%▲
2023 · -188.9%
Interest coverage
0.50▲
2023 · -3.32
Debt ≤ 1 year
€97,135▲
2023 · €72,460
Debt > 1 year
€23,118▲
2023 · €10,201
Income taxes
€128▲
2023 · €123
Staff costs
€7,745▲
2023 · €6,102
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 92% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
4.6%
went bankrupt
3.3%
stopped otherwise
92%
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 1.9% 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%.
| 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 849 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €375 | €0 | €148 | - |
| Remuneration, social security and pensions62 | - | €100 | €0 | €6,102 | €7,745 | ▲ 26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,592 | €742 | €928 | €4,131 | €4,974 | ▲ 20.4% |
| Other operating charges640/8 | - | €3,460 | €2,653 | €2,296 | €2,515 | ▲ 9.6% |
| Non-recurring operating charges66A | - | - | - | - | €105 | - |
| Gross operating margin9900 | -€150 | €20,574 | €49,869 | -€13,548 | €14,188 | ▲ 205% |
| Operating profit (loss)9901 | -€7,137 | €16,273 | €46,288 | -€26,076 | -€1,152 | ▲ 95.6% |
| Financial income75/76B | - | €0 | €2 | €51 | €9 | ▼ 82.8% |
| Recurring financial income75 | €42 | €0 | €2 | €51 | €9 | ▼ 82.8% |
| Financial charges65/66B | - | €5,918 | €7,427 | €6,609 | €7,584 | ▲ 14.8% |
| Recurring financial charges65 | €3,475 | €5,918 | €7,427 | €6,609 | €7,584 | ▲ 14.8% |
| Profit (loss) for the period before taxes9903 | -€10,570 | €10,356 | €38,863 | -€32,634 | -€8,728 | ▲ 73.3% |
| Income taxes67/77 | €330 | €110 | €7,891 | €123 | €128 | ▲ 3.9% |
| Profit (loss) for the period9904 | -€10,900 | €10,246 | €30,972 | -€32,757 | -€8,856 | ▲ 73.0% |
| Profit (loss) for the period to be appropriated9905 | -€10,900 | €10,246 | €30,972 | -€32,757 | -€8,856 | ▲ 73.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,948 | €116,575 | €146,302 | €100,000 | €128,736 | ▲ 28.7% |
| Fixed assets21/28 | €15,874 | €15,133 | €22,953 | €22,822 | €34,818 | ▲ 52.6% |
| Tangible fixed assets22/27 | €15,874 | €15,133 | €21,453 | €21,322 | €33,318 | ▲ 56.3% |
| Land and buildings22 | - | €15,133 | €14,391 | €13,649 | €27,811 | ▲ 104% |
| Plant, machinery and equipment23 | - | - | €7,062 | €5,613 | €5,446 | ▼ 3.0% |
| Furniture and vehicles24 | - | - | - | €2,060 | €60 | ▼ 97.1% |
| Financial fixed assets28 | - | - | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €60,074 | €101,443 | €123,349 | €77,178 | €93,918 | ▲ 21.7% |
| Stocks and contracts in progress3 | €39,945 | €72,762 | €106,493 | €60,841 | €73,341 | ▲ 20.5% |
| Stocks30/36 | - | €72,762 | €106,493 | €60,841 | €73,341 | ▲ 20.5% |
| Amounts receivable within one year40/41 | €18,288 | €17,557 | €9,353 | €8,077 | €16,196 | ▲ 101% |
| Trade receivables40 | - | €9,812 | €1,582 | €1,660 | €4,249 | ▲ 156% |
| Other amounts receivable41 | - | €7,745 | €7,771 | €6,417 | €11,947 | ▲ 86.2% |
| Cash at bank and in hand54/58 | - | €977 | €424 | €2,606 | €1,057 | ▼ 59.4% |
| Deferred charges and accrued income490/1 | - | €10,147 | €7,078 | €5,654 | €3,324 | ▼ 41.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,948 | €116,575 | €146,302 | €100,000 | €128,736 | ▲ 28.7% |
| Equity10/15 | €9,100 | €19,346 | €50,096 | €17,339 | €8,483 | ▼ 51.1% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | - | €15,000 | €15,000 | €15,000 | = |
| Distributable reserves133 | - | - | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€10,900 | -€654 | €15,096 | -€17,661 | -€26,517 | ▼ 50.1% |
| Amounts payable17/49 | €66,848 | €97,229 | €96,206 | €82,661 | €120,253 | ▲ 45.5% |
| Amounts payable after more than one year17 | €10,087 | €7,631 | €15,206 | €10,201 | €23,118 | ▲ 127% |
| Financial debts170/4 | - | €7,631 | €15,206 | €10,201 | €23,118 | ▲ 127% |
| Amounts payable within one year42/48 | €56,761 | €89,598 | €81,000 | €72,460 | €97,135 | ▲ 34.1% |
| Current portion of amounts payable after more than one year42 | - | €2,456 | €4,925 | €5,005 | €10,347 | ▲ 107% |
| Financial debts43 | - | €39,663 | €20,482 | €31,790 | €38,322 | ▲ 20.5% |
| Credit institutions430/8 | - | €33,870 | €15,301 | €27,097 | €33,664 | ▲ 24.2% |
| Other loans439 | - | €5,793 | €5,181 | €4,693 | €4,658 | ▼ 0.7% |
| Trade debts44 | €646 | €1,660 | €6,671 | €2,000 | €10,526 | ▲ 426% |
| Suppliers440/4 | - | €1,660 | €6,671 | €2,000 | €10,526 | ▲ 426% |
| Advances received on contracts in progress46 | - | - | - | - | €1,613 | - |
| Taxes, remuneration and social security45 | - | €1,939 | €4,682 | €4,628 | €6,834 | ▲ 47.7% |
| Taxes450/3 | - | €1,939 | €4,682 | €3,804 | €5,779 | ▲ 51.9% |
| Remuneration and social security454/9 | - | - | - | €825 | €1,055 | ▲ 28.0% |
| Other amounts payable47/48 | - | €43,881 | €44,240 | €29,036 | €29,492 | ▲ 1.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,900 | €10,246 | €30,972 | -€32,757 | -€8,856 | ▲ 73.0% |
| + Depreciation and write-downs630 | €2,592 | €742 | €928 | €4,131 | €4,974 | ▲ 20.4% |
| Operating cash flow (approximation) | -€8,308 | €10,988 | €31,901 | -€28,626 | -€3,881 | ▲ 86.4% |
| Investment in fixed assets (approximation) | - | €0 | -€8,749 | -€4,000 | -€16,970 | ▼ 324% |
| Change in cash | - | - | -€553 | €2,182 | -€1,549 | ▼ 171% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet -€32,757
Net result drops to -€32,757, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2020net €30,972 ▲202%
Operating result €46,288, net result €30,972, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €10,246
Net result €10,246 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Niklaas · 2 establishment units since 2019
Ground area
1,010 m²
Building footprint
173 m²
Volume, LiDAR
1,079 m³
2 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
F & T PROCARS
since 20192.291.561.850
F & T PROCARS
since 20192.291.561.949
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A1282/00P000 | Flanders | 768 m² | 1 · 70 m² | 9.5 m · 2 fl. |
| 46442C0537/00D002 | Flanders | 242 m² | 1 · 102 m² | 9.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 2 endedBandenmonteur (vwo)
Bandenmonteur duaal (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
Show 2 ended approvals
Bandenmonteur (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (so)
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Of 7,377 companies in sector 95311 we hold annual accounts for 2,962. 1,107 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
Founded05-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0729870164
Also
9925:BE0729870164
Registered
14-11-2025
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.