GARAGE BOONE
ActiveSummary
GARAGE BOONE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.98M and a net result of €549k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▼-2
Solvency96▲+9
Growth76▼-4
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310k at 30 days acceptable
Liquidity ample (current ratio 4.12 against 2.65 in 2023; short-term debt: 16.7% and cash: 5.5% of total assets), and 29% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 2024Solvency, return and age of the figures
Solvency
71%
Return on assets
9.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
20 d early
2022
27 d early
2021
20 d early
2020
27 d late
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€21.77M▼ 0.8%
2023 · €21.94M
2019: €12.35M
2020: €12.07M
2021: €14.43M
2022: €16.96M
2023: €21.94M
2019 → 2024
EBIT margin
3.6%▼ 0.7pp
2023 · 4.3%
2019: 2.2%
2020: 2.6%
2021: 2.8%
2022: 3.6%
2023: 4.3%
2019 → 2024
Net result
€549k▼ 19.0%
2023 · €678k
2018: €232k
2019: €181k
2020: €286k
2021: €330k
2022: €447k
2023: €678k
2018 → 2024
Working capital
€2.92M▲ 16.1%
2023 · €2.52M
2018: €1.74M
2019: €1.86M
2020: €1.97M
2021: €1.86M
2022: €2.30M
2023: €2.52M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€12.07M-€14.43M▲ 19.6%€16.96M▲ 17.5%€21.94M▲ 29.3%€21.77M▼ 0.8%
Equity€2.88M-€2.79M▼ 3.0%€3.24M▲ 15.9%€3.70M▲ 14.3%€3.98M▲ 7.6%
Operating result€312k-€405k▲ 29.9%€603k▲ 48.6%€940k▲ 56.0%€778k▼ 17.2%
Net result€286k-€330k▲ 15.4%€447k▲ 35.4%€678k▲ 51.9%€549k▼ 19.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.60M
Fixed assets
€1.74M ▼ 11.6%
Current assets
€3.86M ▼ 4.4%
Equity and liabilities €5.60M
Equity
€3.98M ▲ 7.6%
Provisions
€111k ▼ 9.1%
Debt
€1.51M ▼ 30.9%
Debt's share of the balance-sheet total falls from 36.4% to 27.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€928k▼
2023 · €1.07M
Cash flow
€698k▼
2023 · €808k
Current ratio
4.12▲
2023 · 2.65
Quick ratio
0.66▲
2023 · 0.61
Debt to equity
0.38▼
2023 · 0.59
ROE
13.8%▼
2023 · 18.3%
ROA
9.8%▼
2023 · 11.3%
Interest coverage
20.94▼
2023 · 31.00
Debt ≤ 1 year
€938k▼
2023 · €1.52M
Debt > 1 year
€574k▼
2023 · €665k
Income taxes
€200k▼
2023 · €241k
Staff costs
€618k▲
2023 · €571k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 89 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6.01M€5.60M▼
Fixed assets21/28€1.97M€1.74M▼
Intangible fixed assets21€26€0▼
Tangible fixed assets22/27€1.97M€1.74M▼
Land and buildings22€1.64M€1.55M▼
Plant, machinery and equipment23€204k€163k▼
Furniture and vehicles24€127k€34k▼
Financial fixed assets28€165€165=
Other financial fixed assets284/8€165€165=
Amounts receivable and cash guarantees285/8€165€165=
Current assets29/58€4.04M€3.86M▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€3.11M€3.24M▲
Stocks30/36€3.11M€3.24M▲
Goods purchased for resale34€3.11M€3.24M▲
Amounts receivable within one year40/41€507k€200k▼
Trade receivables40€214k€105k▼
Other amounts receivable41€292k€96k▼
Cash at bank and in hand54/58€278k€308k▲
Deferred charges and accrued income490/1€140k€108k▼
Equity and liabilities
Total equity and liabilities10/49€6.01M€5.60M▼
Equity10/15€3.70M€3.98M▲
Contributions10/11€375k€375k=
Capital10€375k€375k=
Issued capital100€375k€375k=
Outside capital11€0-
Other1109/19€0-
Reserves13€1.37M€1.02M▼
Non-distributable reserves130/1€38k€38k=
Legal reserve130€38k€38k=
Reserves not available under the articles1311€0-
Tax-exempt reserves132€977k€889k▼
Distributable reserves133€358k€89k▼
Profit (loss) carried forward14€1.95M€2.59M▲
Provisions and deferred taxes16€122k€111k▼
Deferred taxes168€122k€111k▼
Amounts payable17/49€2.19M€1.51M▼
Amounts payable after more than one year17€665k€574k▼
Financial debts170/4€665k€574k▼
Credit institutions173€665k€574k▼
Amounts payable within one year42/48€1.52M€938k▼
Current portion of amounts payable after more than one year42€132k€91k▼
Financial debts43€250k€0▼
Credit institutions430/8€250k€0▼
Trade debts44€760k€504k▼
Suppliers440/4€760k€504k▼
Advances received on contracts in progress46€231k€192k▼
Taxes, remuneration and social security45€146k€151k▲
Taxes450/3€38k€31k▼
Remuneration and social security454/9€108k€120k▲
Other amounts payable47/48€2k€0▼
Accrued charges and deferred income492/3€409€128▼
Income statement
Code20232024
Operating income70/76A€22.10M€21.92M▼
Turnover70€21.94M€21.77M▼
Other operating income74€161k€147k▼
Operating charges60/66A€21.16M€21.14M▼
Goods for resale, raw materials and consumables60€19.76M€19.50M▼
Purchases600/8€20.22M€19.63M▼
Change in stocks: decrease (increase)609€-458k€-130k▲
Services and other goods61€657k€810k▲
Remuneration, social security and pensions62€571k€618k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€149k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-8k€188▲
Other operating charges640/8€45k€58k▲
Operating profit (loss)9901€940k€778k▼
Financial income75/76B€6k€8k▲
Recurring financial income75€6k€8k▲
Income from current assets751€6k€7k▲
Other financial income752/9€565€924▲
Financial charges65/66B€38k€48k▲
Recurring financial charges65€38k€48k▲
Debt charges650€35k€44k▲
Other financial charges652/9€4k€4k▼
Profit (loss) for the period before taxes9903€908k€738k▼
Transfer from deferred taxes780€11k€11k=
Income taxes67/77€241k€200k▼
Taxes670/3€241k€200k▼
Profit (loss) for the period9904€678k€549k▼
Transfer from tax-exempt reserves789€33k€181k▲
Transfer to tax-exempt reserves689€189k€93k▼
Profit (loss) for the period to be appropriated9905€522k€637k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.95M€2.59M▲
Profit (loss) brought forward from the previous period14P€1.43M€1.95M▲
Transfer from equity791/2€216k€269k▲
From reserves792€216k€269k▲
Profit to be distributed694/7€216k€269k▲
Return on contributions (dividend)694€216k€269k▲
Social balance
Average headcount (FTE)90879.28.2▼
The notes to these accounts (81 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €678k ▲51.9%
Operating result €940k, net result €678k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €181k ▼22.1%
Net result drops to €181k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Evergem · 1 establishment unit since 1990
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.
Noorwegenstraat 259940 EvergemGround area
6,539 m²
Building footprint
1,525 m²
Volume, LiDAR
7 m³
Parcel 44019B0354/00E000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
Noorwegenstraat 25, 9940 Evergem
since 19902.050.729.359
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44019B0354/00E000 | Flanders | 6,539 m² | 1 · 1,525 m² | 0.2 m |
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.
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BORTOLIN HANNUT
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Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 1,708 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-10-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
77110Renting and leasing of cars and light motor vehicles
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:092538729