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GARAGE BOES

Active
Private limited companyfounded 1983active for 42 yearsSteenweg Borgloon 17, 3830 Wellen, BelgiumKBO/BCE: BE 0425.444.374
Summary

The computed 12-month bankruptcy probability of GARAGE BOES is 2.4% (moderate). The 2024 annual accounts show equity of €630,684 and a net result of -€4,813. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 43% of 9,537 sector peers (NACE 47, financial year 2024). The company has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals.

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GARAGE BOESActiveChecked score 52/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811General maintenance and repair of cars and light vans (up to 3.5 tonnes) NACE 95311
Oldest company in Wellen, Wholesale and retail trade sector1 site
Size
≈ €7.2mturnover 2024, estimated
Staff
11.7 FTE
Equity
€630,684
Loss
-€4,813
Turnover estimated from the gross margin
Financial health
52 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.4%
Structure
2025 accounts not filed, 92 days past the deadline1 of 3 deeds summarised
Why 52raises riskFigures for financial year 2024 (filed 08-10-2025)Liquidity: current ratio 1.04, cash €46,945, halvedSize: 11.7 FTE, total assets €1.9mlowers riskFounded in 1983Show the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 39% of its sector peers (NACE 47, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 58-1
equity 32.6% of total assets
Liquidity 26-8
short-term debt 53.0% · cash 2.4%
Profitability 64+3
return on assets -0.2%
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,693 companies, NACE 47, small)
Last 24 months 11-2024: 0.5%lowest value 12-2024: 0.5%● unchanged vs 11-2024lowest value 01-2025: 0.5%● unchanged vs 12-2024lowest value 02-2025: 0.5%● unchanged vs 01-2025lowest value 03-2025: 0.5%● unchanged vs 02-2025lowest value 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.2 percentage points vs 06-2025 08-2025: 1.1%▲ +0.4 percentage points vs 07-2025 09-2025: 1.4%▲ +0.3 percentage points vs 08-2025 10-2025: 2.0%▲ +0.6 percentage points vs 09-2025 11-2025: 0.8%▼ -1.2 percentage points vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 1.4%▲ +0.6 percentage points vs 07-2026 09-2026: 1.7%▲ +0.3 percentage points vs 08-2026 10-2026: 2.4%▲ +0.7 percentage points vs 09-2026highest value
Credit of up to €30,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity tight (current ratio 1.04, compared with 1.04 in 2023, below the usual 1.5; short-term debt: 53% and cash: 2.4% of total assets), and 67.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small): better than 52% on solvency, 25% on liquidity, 46% on profitability and 33% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 08-10-2025)
NBB · annual accounts
lowers risk · Founded in 1983
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.04, cash €46,945, halved
NBB · annual accounts
raises risk · Size: 11.7 FTE, total assets €1.9m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 92 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline31-10-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
61 days late
2023
7 days early
2022
6 days early
2021
3 days early
2020
31 days late
2019
3 days early
← 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 12 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · abbreviated…
  2. Weakest financial yearnet -€4,813
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Risk: 2025 accounts not fileddeadline was 31-07-2026 92 days past the deadline View
  • Risk: 3 loss-making years in a rowloss financial year 2024 -€4,813 View
  • Positive: Oldest company in Wellen, Wholesale and retail trade sectorin the Checked rankings No. 1 View

By topic

Financials

Financial year
2024
Total assets
€1.9m
Loss
-€4,813
Solvency
32.6%
Total assets▲ 2.4%
Net result
20182024
Go to Financials

Timeline

Events
42
Since
1987
  1. 25-07-2023Annual accounts filed
  2. 08-06-2023Resignations: FB MOBILITY SERVICES (director) and KB…
  3. 28-07-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of cars and light vans (up…NACE 47811
Founded
30-12-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
8
Who signs
Each director alone
Annual meeting
Second Friday of June at 14:00
Purpose
“Handelsbemiddeling in nieuwe en gebruikte…” (deed in Dutch)
Go to Articles of association

Key facts about GARAGE BOES

What is the company number of GARAGE BOES?
0425.444.374. In Belgium the VAT number is the company number with BE in front: BE 0425.444.374.
Where is GARAGE BOES based?
The registered office is at Steenweg Borgloon 17, 3830 Wellen.Company details
What does GARAGE BOES do?
According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
What is the legal form of GARAGE BOES?
Private limited company (BV).
When was GARAGE BOES founded?
On 30-12-1983.
Is GARAGE BOES still active?
Yes, GARAGE BOES is an active enterprise in the KBO register.
How many employees does GARAGE BOES have?
On average 11.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of GARAGE BOES?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is GARAGE BOES profitable?
In financial year 2024, GARAGE BOES made a loss of €4,813.
Where can I find the annual accounts of GARAGE BOES?
GARAGE BOES filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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