GARAGE BUDA
ActiveGARAGE BUDA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €138k and a net result of €41k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 16% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+3
Solvency34▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.99 in 2023; short-term debt: 81.2% and cash: 3.1% of total assets), and 90.8% of the assets are financed with debt.
Credit advice 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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9623 sector peers (2024).
NBB · sector comparisonPosition among 9623 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
61 d late
2022
70 d late
2021
123 d late
2020
125 d late
2019
96 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€138k▲ 42.7%
2023 · €97k
2018: €38k
2019: €55k
2020: €63k
2021: €69k
2022: €94k
2023: €97k
2018 → 2024
Total assets
€1.50M▲ 29.2%
2023 · €1.16M
2018: €377k
2019: €491k
2020: €557k
2021: €1.02M
2022: €811k
2023: €1.16M
2018 → 2024
Net result
€41k▲ 2,197%
2023 · €2k
2018: €10k
2019: €17k
2020: €8k
2021: €6k
2022: €25k
2023: €2k
2018 → 2024
Working capital
€65k
2023 · €-11k
2018: €47k
2019: €139k
2020: €29k
2021: €4k
2022: €6k
2023: €-11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€63k-€69k▲ 9.2%€94k▲ 36.7%€97k▲ 2.7%€138k▲ 42.7%
Operating result€14k-€17k▲ 22.4%€51k▲ 207%€21k▼ 58.8%€81k▲ 285%
Net result€8k-€6k▼ 29.2%€25k▲ 336%€2k▼ 92.9%€41k▲ 2,197%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 285% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.50M
Fixed assets
€217k▲ 26.4%
Current assets
€1.28M▲ 29.7%
Equity and liabilities €1.50M
Equity
€138k▲ 42.7%
Debt
€1.36M▲ 28.0%
The debt ratio falls from 91.7% to 90.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€132k▲
2023 · €66k
Cash flow
€92k▲
2023 · €47k
Solvency
9.2%▲
2023 · 8.3%
Current ratio
1.05▲
2023 · 0.99
Quick ratio
0.92▲
2023 · 0.82
Debt / equity
9.86▼
2023 · 10.99
ROE
29.9%▲
2023 · 1.9%
ROA
2.8%▲
2023 · 0.2%
Interest coverage
22.26▲
2023 · 11.15
Debt
€1.36M▲
2023 · €1.07M
Debt ≤ 1 year
€1.22M▲
2023 · €1.00M
Debt > 1 year
€144k▲
2023 · €64k
Income taxes
€34k▲
2023 · €13k
Staff costs
€814k▲
2023 · €642k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.16M€1.50M▲
Fixed assets21/28€172k€217k▲
Intangible fixed assets21€1k€908▼
Tangible fixed assets22/27€170k€215k▲
Plant, machinery and equipment23€143k€158k▲
Furniture and vehicles24€26k€57k▲
Financial fixed assets28€500€500=
Current assets29/58€990k€1.28M▲
Stocks and contracts in progress3€169k€165k▼
Stocks30/36€169k€165k▼
Amounts receivable within one year40/41€773k€1.06M▲
Trade receivables40€752k€1.04M▲
Other amounts receivable41€21k€21k▲
Cash at bank and in hand54/58€47k€47k▼
Deferred charges and accrued income490/1€1k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.50M▲
Equity10/15€97k€138k▲
Contributions10/11€7k€7k=
Reserves13€8k€8k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€82k€123k▲
Amounts payable17/49€1.07M€1.36M▲
Amounts payable after more than one year17€64k€144k▲
Financial debts170/4€64k€144k▲
Amounts payable within one year42/48€1.00M€1.22M▲
Current portion of amounts payable after more than one year42€119k€61k▼
Financial debts43€75k-
Credit institutions430/8€75k-
Trade debts44€400k€619k▲
Suppliers440/4€400k€619k▲
Taxes, remuneration and social security45€208k€368k▲
Taxes450/3€51k€91k▲
Remuneration and social security454/9€158k€277k▲
Other amounts payable47/48€199k€172k▼
Income statement
Code20232024
Remuneration, social security and pensions62€642k€814k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€51k▲
Other operating charges640/8€33k€5k▼
Gross operating margin9900€740k€952k▲
Operating profit (loss)9901€21k€81k▲
Financial income75/76B€53€11▼
Recurring financial income75€53€11▼
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€15k€75k▲
Income taxes67/77€13k€34k▲
Profit (loss) for the period9904€2k€41k▲
Profit (loss) for the period to be appropriated9905€2k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€82k€123k▲
Profit (loss) brought forward from the previous period14P€80k€82k▲
Social balance
Average headcount (FTE)908710.815.0▲
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
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 68 days late
2024
31-12
Financial
Highest result since 2018net €41k ▲2197%
Operating result €81k, net result €41k, both a record.
31-12
Financial
Equity above €100kEq €138k ▲42.7%
7 profitable years in a row build equity to €138k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €2k ▼92.9%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 123 days late
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 125 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Machelen (Brab.) · 1 establishment unit since 1988
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.
Rittwegerlaan 201830 Machelen (Brab.)Ground area
413 m²
Building footprint
108 m²
Volume, LiDAR
845 m³
Parcel 23047A0477/00B003, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GARAGE BUDA
since 19882.040.717.771
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047A0477/00B003 | Flanders | 413 m² | 1 · 108 m² | 12.0 m · 3 fl. |
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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EUROPE MODE
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PROCLOSE
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Of 2,444 companies in sector 47820 we hold annual accounts for 777. 593 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-08-1988
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
50103
50200
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
45204
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.