G.A.R.D.ENZ
ActiveSummary
G.A.R.D.ENZ has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178k and a net result of €8k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-12
Solvency90▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 2.55 against 1.77 in 2024; short-term debt: 30.7% and cash: 44.1% of total assets), and 35.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
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
64.5%
Return on assets
2.8%
Age of the figures
9 mo
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
51 d early
2023
30 d early
2022
46 d early
2021
33 d early
2020
37 d early
2019
7 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€178k▼ 1.8%
2024 · €181k
2018: €98k
2019: €116k
2020: €121k
2021: €124k
2022: €140k
2023: €177k
2024: €181k
2018 → 2025
Total assets
€276k▼ 26.6%
2024 · €376k
2018: €182k
2019: €189k
2020: €193k
2021: €197k
2022: €284k
2023: €429k
2024: €376k
2018 → 2025
Net result
€8k▼ 83.4%
2024 · €47k
2018: €-63k
2019: €17k
2020: €5k
2021: €4k
2022: €15k
2023: €37k
2024: €47k
2018 → 2025
Working capital
€131k▼ 0.4%
2024 · €132k
2018: €54k
2019: €80k
2020: €84k
2021: €95k
2022: €101k
2023: €140k
2024: €132k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€124k-€140k▲ 12.5%€177k▲ 26.7%€181k▲ 2.4%€178k▼ 1.8%
Operating result€20k-€18k▼ 10.8%€50k▲ 178%€71k▲ 43.4%€16k▼ 77.6%
Net result€4k-€15k▲ 342%€37k▲ 141%€47k▲ 25.8%€8k▼ 83.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 78% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €276k
Fixed assets
€60k ▼ 18.6%
Current assets
€216k ▼ 28.6%
Equity and liabilities €276k
Equity
€178k ▼ 1.8%
Debt
€98k ▼ 49.7%
The debt ratio falls from 51.8% to 35.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€48k▼
2024 · €103k
Cash flow
€40k▼
2024 · €78k
Current ratio
2.55▲
2024 · 1.77
Quick ratio
2.24▲
2024 · 1.56
Debt / equity
0.55▼
2024 · 1.07
ROE
4.4%▼
2024 · 25.9%
ROA
2.8%▼
2024 · 12.5%
Interest coverage
9.00▼
2024 · 17.48
Debt ≤ 1 year
€85k▼
2024 · €171k
Debt > 1 year
€13k▼
2024 · €24k
Income taxes
€3k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€376k€276k▼
Fixed assets21/28€73k€60k▼
Intangible fixed assets21€1k€967▼
Tangible fixed assets22/27€72k€59k▼
Plant, machinery and equipment23€15k€26k▲
Furniture and vehicles24€57k€32k▼
Current assets29/58€303k€216k▼
Stocks and contracts in progress3€36k€27k▼
Stocks30/36€36k€27k▼
Amounts receivable within one year40/41€155k€64k▼
Trade receivables40€154k€59k▼
Other amounts receivable41€1k€5k▲
Cash at bank and in hand54/58€109k€122k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€376k€276k▼
Equity10/15€181k€178k▼
Contributions10/11€6k€6k=
Reserves13€175k€172k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€173k€170k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€195k€98k▼
Amounts payable after more than one year17€24k€13k▼
Financial debts170/4€24k€13k▼
Amounts payable within one year42/48€171k€85k▼
Current portion of amounts payable after more than one year42€17k€11k▼
Financial debts43€3k€0▼
Credit institutions430/8€3k€0▼
Trade debts44€89k€11k▼
Suppliers440/4€89k€11k▼
Taxes, remuneration and social security45€13k€21k▲
Taxes450/3€13k€17k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48€49k€41k▼
Income statement
Code20242025
Non-recurring operating income76A€15k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€32k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€272€0▼
Gross operating margin9900€105k€50k▼
Operating profit (loss)9901€71k€16k▼
Financial income75/76B€15€68▲
Recurring financial income75€15€68▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€65k€11k▼
Income taxes67/77€18k€3k▼
Profit (loss) for the period9904€47k€8k▼
Profit (loss) for the period to be appropriated9905€47k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€47k€8k▼
Transfer from equity791/2€43k€11k▼
Transfer to equity691/2€47k€8k▼
To other reserves6921€47k€8k▼
Profit to be distributed694/7€43k€11k▼
Return on contributions (dividend)694€43k€11k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €47k ▲25.8%
Operating result €71k, net result €47k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €177k ▲26.7%
5 profitable years in a row build equity to €177k.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Equity above €100kEq €116k ▲17.7%
Equity rises from €98k to €116k.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zoutleeuw · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Drieslaan 123440 ZoutleeuwGround area
2,023 m²
Building footprint
389 m²
Volume, LiDAR
1,995 m³
Parcel 24036A0417/00M000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Drieslaan 12, 3440 Zoutleeuw
since 20012.100.153.730
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24036A0417/00M000 | Flanders | 2,023 m² | 1 · 389 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 · 150 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 150 EUR | 150 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,264 companies in sector 71113 we hold annual accounts for 658. 515 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2001
Fiscal year end31-12
Activities, NACEBEL
71113Urban planning and landscape architecture
74201Photography, excluding press photography
01410Raising of dairy cattle
42110Construction of roads and motorways
45230
71111Activities of building architects
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.