GARAGE BAELE
ActiveGARAGE BAELE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.16M and a net result of €17k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 76% of 1024 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-3
Solvency95=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 3.37 against 2.9 in 2024; short-term debt: 22.3% and cash: 8.1% of total assets), and 29.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
70.3%
Return on assets
0.6%
Age of the figures
9 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
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
28 d late
2023
33 d early
2022
41 d early
2021
25 d late
2020
18 d early
2019
25 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.16M▼ 4.3%
2024 · €2.26M
2018: €1.79M
2019: €1.79M
2020: €1.91M
2021: €2.00M
2022: €2.14M
2023: €2.28M
2024: €2.26M
2018 → 2025
Total assets
€3.07M▼ 5.4%
2024 · €3.25M
2018: €2.60M
2019: €2.59M
2020: €2.67M
2021: €2.94M
2022: €2.89M
2023: €3.02M
2024: €3.25M
2018 → 2025
Net result
€17k▼ 77.0%
2024 · €75k
2018: €111k
2019: €97k
2020: €114k
2021: €91k
2022: €284k
2023: €259k
2024: €75k
2018 → 2025
Working capital
€1.62M▲ 0.6%
2024 · €1.61M
2018: €1.41M
2019: €1.41M
2020: €1.38M
2021: €1.42M
2022: €1.49M
2023: €1.65M
2024: €1.61M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.00M-€2.14M▲ 7.1%€2.28M▲ 6.4%€2.26M▼ 0.9%€2.16M▼ 4.3%
Operating result€120k-€382k▲ 220%€366k▼ 4.3%€142k▼ 61.1%€52k▼ 63.5%
Net result€91k-€284k▲ 210%€259k▼ 8.8%€75k▼ 70.9%€17k▼ 77.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 63% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.07M
Fixed assets
€763k▼ 2.6%
Current assets
€2.31M▼ 6.3%
Equity and liabilities €3.07M
Equity
€2.16M▼ 4.3%
Debt
€911k▼ 7.9%
The debt ratio falls from 30.5% to 29.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€186k▼
2024 · €261k
Cash flow
€151k▼
2024 · €194k
Solvency
70.3%▲
2024 · 69.5%
Current ratio
3.37▲
2024 · 2.90
Quick ratio
1.20▲
2024 · 1.11
Debt / equity
0.42▼
2024 · 0.44
ROE
0.8%▼
2024 · 3.3%
ROA
0.6%▼
2024 · 2.3%
Interest coverage
6.21▼
2024 · 11.32
Debt
€911k▼
2024 · €990k
Debt ≤ 1 year
€685k▼
2024 · €850k
Debt > 1 year
€225k▲
2024 · €140k
Income taxes
€11k▼
2024 · €49k
Staff costs
€848k▲
2024 · €767k
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
Balance sheet
Code20242025
Assets
Total assets20/58€3.25M€3.07M▼
Fixed assets21/28€784k€763k▼
Intangible fixed assets21€31k€24k▼
Tangible fixed assets22/27€728k€715k▼
Land and buildings22€475k€484k▲
Plant, machinery and equipment23€176k€163k▼
Furniture and vehicles24€9k€15k▲
Other tangible fixed assets26€69k€54k▼
Financial fixed assets28€24k€24k=
Current assets29/58€2.46M€2.31M▼
Stocks and contracts in progress3€1.52M€1.48M▼
Stocks30/36€1.52M€1.48M▼
Amounts receivable within one year40/41€777k€551k▼
Trade receivables40€350k€180k▼
Other amounts receivable41€428k€371k▼
Cash at bank and in hand54/58€145k€247k▲
Deferred charges and accrued income490/1€18k€26k▲
Equity and liabilities
Total equity and liabilities10/49€3.25M€3.07M▼
Equity10/15€2.26M€2.16M▼
Contributions10/11€19k€19k=
Reserves13€2.24M€2.14M▼
Distributable reserves133€2.24M€2.14M▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€990k€911k▼
Amounts payable after more than one year17€140k€225k▲
Financial debts170/4€140k€225k▲
Amounts payable within one year42/48€850k€685k▼
Current portion of amounts payable after more than one year42€73k€59k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€556k€295k▼
Suppliers440/4€556k€295k▼
Taxes, remuneration and social security45€110k€203k▲
Taxes450/3€22k€102k▲
Remuneration and social security454/9€88k€100k▲
Other amounts payable47/48€111k€129k▲
Accrued charges and deferred income492/3-€919
Income statement
Code20242025
Remuneration, social security and pensions62€767k€848k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k€134k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-28k€3k▲
Other operating charges640/8€16k€14k▼
Non-recurring operating charges66A€22k€0▼
Gross operating margin9900€1.04M€1.05M▲
Operating profit (loss)9901€142k€52k▼
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€23k€30k▲
Recurring financial charges65€23k€30k▲
Profit (loss) for the period before taxes9903€124k€28k▼
Income taxes67/77€49k€11k▼
Profit (loss) for the period9904€75k€17k▼
Profit (loss) for the period to be appropriated9905€75k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€17k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€97k€114k▲
Transfer to equity691/2€75k€17k▼
To other reserves6921€75k€17k▼
Profit to be distributed694/7€97k€114k▲
Return on contributions (dividend)694€97k€114k▲
Directors or managers695€0-
Social balance
Average headcount (FTE)908711.111.5▲
The notes to these accounts (18 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €17k ▼77%
Net result drops to €17k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €284k ▲210%
Operating result €382k, net result €284k, both a record.
31-12
Financial
Equity above €2MEq €2.14M ▲7.1%
5 profitable years in a row build equity to €2.14M.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
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
6 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, Zelzate · 3 establishment units since 1992
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.
Industriepark Rosteyne 99060 ZelzateGround area
1.1 ha
Building footprint
3,632 m²
Volume, LiDAR
18,462 m³
3 parcels, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
GARAGE BAELE BVBA - Gent-Noord
since 19922.056.242.523
Autopand
since 20202.310.033.521
Drive Gent-Noord
since 20242.360.003.070
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43302F0868/00L000 | Flanders | 4,642 m² | 1 · 1,118 m² | 6.0 m · 2 fl. |
| 43302F0850/00K000 | Flanders | 4,227 m² | 1 · 1,745 m² | 6.3 m · 2 fl. |
| 44073A1000/00G000 | Flanders | 1,831 m² | 1 · 768 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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
2022 to 2024 · 3 entries · 2,250 EUR awarded · 2,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
| 2022 | 1 | 750 EUR | 750 EUR |
Schemes
Stagebonus (stopgezet)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
5 endedSimilar companies · same sector, comparable size
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BE 0461.276.966
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CITY AUTOMOBILE
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GARAGE DURAN
BE 0435.115.571
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MAXI CARS
BE 0826.803.749
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Of 7,377 companies in sector 95311 we hold annual accounts for 2,957. 1,234 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-1991
Fiscal year end31-12
Activities, NACEBEL
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)
50200
45112
47820Retail sale of motor vehicle parts and accessories
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.