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GARAGE BOES

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

From the official registers: KBO 39 annual accounts at the National Bank publications in the Belgian Official Gazette

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 has been stable since 2018 (±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.

Overview

Official details

KBO
Status
Active since 30-12-1983 Normal situation
Activity
Retail sale of cars and light vans (up to 3.5 tonnes) NACE 47811and 2 others
Establishment unit
2.024.117.410 3830 Wellen, since 01-01-1984
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board

Financial position

52 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.4%
Annual accounts 2024
Gross margin
€837,251
▲ 7.6%
Turnover
≈ €7.2m
estimated
Loss
€4,813
▲ 26×
Equity
€630,684
▼ 0.8%
Total assets
€1.9m
▲ 2.4%
Staff
11.7 FTE
▼ 12.7%
2025 accounts not filed, 93 days past the deadline
Filed on 30-09-2025PDF
Score breakdownraises riskFigures for financial year 2024 (filed on 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 stronger than 39% of small companies in retail trade (NACE 47)
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 within 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% (3,694 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 is tight, with a current ratio of 1.04 (1.04 in 2023), below the usual 1.5. Short-term debt is 53% and cash 2.4% of total assets. 67.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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). It does better than 52% of them on solvency, 25% on liquidity, 46% on profitability and 33% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed on 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 the company's 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 the company's 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, 93 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 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

The company filed its last 6 accounts on average 12 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 3 loss-making years in a rowloss in financial year 2024 -€4,813 View
  • Positive: Oldest company in Wellen, Wholesale and retail trade sectorin the Checked rankings No. 1 View

Comparable companies

These companies have the same main activity as GARAGE BOES: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €1.5m and €2.6m, founded between 1978 and 1988.

CompanyTotal assetsGross margin
GARAGE BOES Wellen€1.9m€0.8m
GARAGE RENE GEURTS Genk€2.5m€0.8m
Genker Kartshop Genk€2.0m€1.2m
AUTOBEDRIJF MANOLI Dilsen-Stokkem€1.5m€0.7m
GARAGE VANDUFFEL Pelt€2.6m€0.9m
GARAGE CRETS Oud-Turnhout€2.1m€0.9m
GARAGE GANGAI Mons€1.7m€0.8m
Full comparison

Documents

Annual accounts at the NBB

All 39 annual accounts

Articles and registers

Key facts about GARAGE BOES

What is the company number of GARAGE BOES?
The company number of GARAGE BOES is 0425.444.374. The VAT number is the same 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?
The legal form of GARAGE BOES is Private limited company (BV).
When was GARAGE BOES founded?
GARAGE BOES was 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?
GARAGE BOES had an average of 11.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of GARAGE BOES?
The turnover in financial year 2024 is ≈ €7.2m. This figure is estimated from the gross margin of €837,251 and 35 comparable companies (NACE 47811). It probably lies between €3.8m and €11.0m.
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.Annual accounts 2024 (PDF)

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