GARAGE BAERT
ActiveGARAGE BAERT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.47M and a net result of €31k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-46
Solvency30▲+7
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.06 in 2024), and 78.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
Sector 47
higher
← 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
21.3%
Return on assets
0.5%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
22 d late
2022
7 d late
2021
2 d early
2020
23 d late
2019
26 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31k▼ 81.2%
2024 · €167k
2018: €72k
2019: €196k
2020: €12k
2021: €165k
2022: €301k
2023: €28k
2024: €167k
2018 → 2025
Working capital
€466k▼ 7.9%
2024 · €506k
2018: €447k
2019: €675k
2020: €502k
2021: €438k
2022: €755k
2023: €658k
2024: €506k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.18M-€1.41M▲ 19.1%€1.42M▲ 0.9%€1.47M▲ 3.3%€1.47M▲ 0.1%
Operating result€244k-€471k▲ 93.2%€137k▼ 71.0%€470k▲ 244%€245k▼ 47.9%
Net result€165k-€301k▲ 82.1%€28k▼ 90.6%€167k▲ 489%€31k▼ 81.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.92M
Fixed assets
€1.27M▲ 5.8%
Current assets
€5.66M▼ 32.1%
Equity and liabilities €6.92M
Equity
€1.47M▲ 0.1%
Debt
€5.45M▼ 32.3%
The debt ratio falls from 84.6% to 78.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€453k▼
2024 · €637k
Cash flow
€239k▼
2024 · €333k
Solvency
21.3%▲
2024 · 15.4%
Current ratio
1.09▲
2024 · 1.06
Quick ratio
0.18▲
2024 · 0.13
Debt / equity
3.70▼
2024 · 5.48
ROE
2.1%▼
2024 · 11.3%
ROA
0.5%▼
2024 · 1.7%
Interest coverage
2.47▼
2024 · 2.84
Debt
€5.45M▼
2024 · €8.06M
Debt ≤ 1 year
€5.19M▼
2024 · €7.82M
Income taxes
€35k▼
2024 · €82k
Staff costs
€2.12M▲
2024 · €2.11M
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€9.53M€6.92M▼
Fixed assets21/28€1.20M€1.27M▲
Intangible fixed assets21€107k€87k▼
Tangible fixed assets22/27€1.06M€1.15M▲
Land and buildings22€632k€625k▼
Plant, machinery and equipment23€110k€96k▼
Furniture and vehicles24€317k€428k▲
Financial fixed assets28€33k€31k▼
Current assets29/58€8.33M€5.66M▼
Stocks and contracts in progress3€7.35M€4.74M▼
Stocks30/36€7.34M€4.73M▼
Contracts in progress37€10k€4k▼
Amounts receivable within one year40/41€913k€866k▼
Trade receivables40€626k€698k▲
Other amounts receivable41€287k€168k▼
Cash at bank and in hand54/58€12k€7k▼
Deferred charges and accrued income490/1€54k€44k▼
Equity and liabilities
Total equity and liabilities10/49€9.53M€6.92M▼
Equity10/15€1.47M€1.47M▲
Contributions10/11€245k€245k=
Capital10€245k€245k=
Issued capital100€245k€245k=
Reserves13€1.18M€1.23M▲
Non-distributable reserves130/1€24k€24k=
Legal reserve130€24k€24k=
Distributable reserves133€1.15M€1.20M▲
Profit (loss) carried forward14€47k€1k▼
Amounts payable17/49€8.06M€5.45M▼
Amounts payable within one year42/48€7.82M€5.19M▼
Trade debts44€3.37M€2.88M▼
Suppliers440/4€3.37M€2.88M▼
Advances received on contracts in progress46€75k€5k▼
Taxes, remuneration and social security45€262k€256k▼
Taxes450/3€18k€24k▲
Remuneration and social security454/9€244k€232k▼
Other amounts payable47/48€4.11M€2.05M▼
Accrued charges and deferred income492/3€234k€262k▲
Income statement
Code20242025
Non-recurring operating income76A€71k€38k▼
Remuneration, social security and pensions62€2.11M€2.12M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€167k€208k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€17k€23k▲
Other operating charges640/8€76k€78k▲
Non-recurring operating charges66A€4k€34k▲
Gross operating margin9900€2.85M€2.71M▼
Operating profit (loss)9901€470k€245k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€224k€183k▼
Recurring financial charges65€224k€183k▼
Profit (loss) for the period before taxes9903€249k€66k▼
Income taxes67/77€82k€35k▼
Profit (loss) for the period9904€167k€31k▼
Profit (loss) for the period to be appropriated9905€167k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€180k€78k▼
Profit (loss) brought forward from the previous period14P€13k€47k▲
Transfer to equity691/2€13k€47k▲
To other reserves6921€13k€47k▲
Profit to be distributed694/7€120k€30k▼
Return on contributions (dividend)694€120k€30k▼
The notes to these accounts (11 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 7 days late
2022
31-12
Financial
Highest result since 2018net €301k ▲82.1%
Operating result €471k, net result €301k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet €12k ▼93.6%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
31-12
Financial
Equity above €1MEq €1.04M ▲23.4%
2 profitable years in a row build equity to €1.04M.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 25 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Mouscron · 3 establishment units since 2017
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.
Congostraat 157700 MouscronGround area
1.3 ha
Building footprint
1,262 m²
Volume, LiDAR
6,505 m³
3 parcels, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
GCA MOUSCRON / LEXUS SERVICE MOUSCRON
since 20172.265.457.368
GCA Tournai
since 20202.306.803.223
GCA Péruwelz
since 20212.317.915.760
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462B0019/00X010 | Wallonia | 7,085 m² | - | - |
| 54432C0434/00R000 | Wallonia | 3,464 m² | 1 · 1,178 m² | 6.2 m · 2 fl. |
| 57064C0483/00H002 | Wallonia | 2,828 m² | 1 · 84 m² | 6.2 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.
Similar companies · same sector, comparable size
E.C.B. - CARS
BE 0459.826.124
Essen · Eq €1.47M
AVTOLUX
BE 0887.129.435
Sint-Truiden · Eq €1.47M
RENAULT DURIEU J-R
BE 0421.639.796
Soignies · Eq €1.48M
CAR INVESTMENT BELGIUM
BE 0842.629.102
Bree · Eq €1.48M
KARABELEN CAR
BE 0872.051.180
Quiévrain · Eq €1.48M
Of 10,615 companies in sector 47811 we hold annual accounts for 5,192. 2,633 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-03-1990
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50103
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50200
71100
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesPhone:056/48.41.61
Fax:056/84.08.61
E-mail:gca.tournai@toyotabelgium.net
Phone:+3269772729