GARAGE COOLS

Active

Public limited companyfounded 198838 yrs activeSoef 165, 2490 Balen, BelgiumKBO/BCE: BE 0433.139.444

GARAGE COOLS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €681k and a net result of €7k. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 38% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2024

52 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability36▼-28

Solvency53▼-1

Growth32▼-26

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €35k at 30 days acceptable

Liquidity ample (current ratio 1.64 against 1.68 in 2023; short-term debt: 52.5% and cash: 12.3% of total assets), but 71.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

30 d late

2022

29 d late

2021

30 d late

2020

31 d late

2019

110 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€681k▼ 17.3%

2023 · €823k

2018: €1.27M 2019: €1.29M 2020: €1.33M 2021: €614k 2022: €874k 2023: €823k

2018 → 2024

Total assets

€2.42M▼ 15.4%

2023 · €2.86M

2018: €2.48M 2019: €2.66M 2020: €2.86M 2021: €2.12M 2022: €2.28M 2023: €2.86M

2018 → 2024

Net result

€7k▼ 95.0%

2023 · €149k

2018: €95k 2019: €24k 2020: €45k 2021: €131k 2022: €260k 2023: €149k

2018 → 2024

Working capital

€811k▼ 22.2%

2023 · €1.04M

2018: €1.43M 2019: €1.52M 2020: €1.57M 2021: €810k 2022: €981k 2023: €1.04M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€1.33M-€614k▼ 54.0%€874k▲ 42.4%€823k▼ 5.8%€681k▼ 17.3%

Operating result€122k-€239k▲ 94.9%€422k▲ 76.7%€265k▼ 37.1%€77k▼ 70.9%

Net result€45k-€131k▲ 191%€260k▲ 99.3%€149k▼ 42.6%€7k▼ 95.0%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 71% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.42M

13.9%

86.1%

Fixed assets €337k▲ 23.9%

Current assets €2.08M▼ 19.6%

Equity and liabilities €2.42M

28.2%

71.6%

Equity €681k▼ 17.3%

Provisions €6k▼ 8.7%

Debt €1.73M▼ 14.7%

The debt ratio rises from 71.0% to 71.6%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€139k▼

2023 · €319k

Cash flow

€69k▼

2023 · €203k

Solvency

28.2%▼

2023 · 28.8%

Current ratio

1.64▼

2023 · 1.68

Quick ratio

0.98▲

2023 · 0.49

Debt / equity

2.54▲

2023 · 2.46

ROE

1.1%▼

2023 · 18.1%

ROA

0.3%▼

2023 · 5.2%

Interest coverage

1.98▼

2023 · 4.70

Debt

€1.73M▼

2023 · €2.03M

Debt ≤ 1 year

€1.27M▼

2023 · €1.54M

Debt > 1 year

€461k=

2023 · €461k

Income taxes

€6k▼

2023 · €53k

Staff costs

€683k▲

2023 · €655k

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€2.86M€2.42M▼

Fixed assets21/28€272k€337k▲

Tangible fixed assets22/27€216k€281k▲

Land and buildings22€25k€67k▲

Plant, machinery and equipment23€13k€16k▲

Furniture and vehicles24€71k€88k▲

Leasing and similar rights25€2k€2k▼

Other tangible fixed assets26€104k€109k▲

Financial fixed assets28€56k€56k=

Current assets29/58€2.59M€2.08M▼

Amounts receivable after more than one year29€150k€150k=

Other amounts receivable291€150k€150k=

Stocks and contracts in progress3€1.83M€838k▼

Stocks30/36€1.83M€838k▼

Amounts receivable within one year40/41€391k€789k▲

Trade receivables40€337k€769k▲

Other amounts receivable41€55k€19k▼

Cash at bank and in hand54/58€211k€297k▲

Deferred charges and accrued income490/1€8k€6k▼

Equity and liabilities

Total equity and liabilities10/49€2.86M€2.42M▼

Equity10/15€823k€681k▼

Contributions10/11€197k€197k=

Capital10€197k€197k=

Issued capital100€197k€197k=

Reserves13€477k€477k=

Non-distributable reserves130/1€20k€20k=

Legal reserve130€20k€20k=

Distributable reserves133€457k€457k=

Profit (loss) carried forward14€149k€7k▼

Provisions and deferred taxes16€7k€6k▼

Provisions for liabilities and charges160/5€7k€6k▼

Environmental obligations163€7k€6k▼

Amounts payable17/49€2.03M€1.73M▼

Amounts payable after more than one year17€461k€461k=

Other amounts payable178/9€461k€461k=

Amounts payable within one year42/48€1.54M€1.27M▼

Trade debts44€796k€582k▼

Suppliers440/4€796k€582k▼

Taxes, remuneration and social security45€200k€168k▼

Taxes450/3€98k€55k▼

Remuneration and social security454/9€102k€113k▲

Other amounts payable47/48€547k€519k▼

Accrued charges and deferred income492/3€24k€0▼

Income statement Code20232024

Non-recurring operating income76A€7k€672▼

Remuneration, social security and pensions62€655k€683k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€61k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-416€-573▼

Other operating charges640/8€9k€10k▲

Non-recurring operating charges66A€0-

Gross operating margin9900€983k€830k▼

Operating profit (loss)9901€265k€77k▼

Financial income75/76B€5k€6k▲

Recurring financial income75€5k€6k▲

Financial charges65/66B€68k€70k▲

Recurring financial charges65€68k€70k▲

Profit (loss) for the period before taxes9903€203k€13k▼

Income taxes67/77€53k€6k▼

Profit (loss) for the period9904€149k€7k▼

Profit (loss) for the period to be appropriated9905€149k€7k▼

Appropriation of the result

Profit (loss) to be appropriated9906€410k€157k▼

Profit (loss) brought forward from the previous period14P€260k€149k▼

Transfer to equity691/2€60k€0▼

To other reserves6921€60k€0▼

Profit to be distributed694/7€200k€150k▼

Return on contributions (dividend)694€200k€150k▼

Social balance

Average headcount (FTE)908710.112.9▲

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 28 days late

2024

31-12

Financial Weakest financial yearnet €7k ▼95%

Net result drops to €7k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 30 days late

2023

29-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 29 days late

2022

31-12

Financial Highest result since 2018net €260k ▲99.3%

Operating result €422k, net result €260k, both a record.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 30 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 31 days late

2020

18-11

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 110 days late

2019

28-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 28 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 30 days late

2017

28-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 28 days late

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · 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

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, Balen · 2 establishment units since 1988

establishment All 2 establishment units on the map

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.

Soef 1652490 Balen

Ground area

7,013 m²

Building footprint

2,160 m²

Volume, LiDAR

9,601 m³

2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

Turnhoutsebaan 153, 2400 Mol

NACE 5010101

since 19882.033.304.595

Soef 165, 2490 Balen

NACE 5010101

since 19882.033.304.694

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13342B0172/00H000	Flanders	6,696 m²	1 · 2,160 m²	8.2 m · 2 fl.
13435C0041/00G000	Flanders	317 m²	-	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2024 · 3 entries · 7,071 EUR awarded · 7,071 EUR paid

Year	Entries	awarded	paid
2024	1	2,215 EUR	2,215 EUR
2023	1	3,493 EUR	3,493 EUR
2022	1	1,363 EUR	1,363 EUR

Schemes

Vlaams opleidingsverlof (VOV)

3 entries · 7,071 EUR · 7,071 EUR paid · Departement Werk en Sociale Economie

Similar companies · same sector, comparable size

Watermaal-Bosvoorde · Eq €681k

Maasmechelen · Eq €682k

Leën Automotives

BE 0533.850.980

Tongeren-Borgloon · Eq €680k

Of 10,672 companies in sector 47811 we hold annual accounts for 5,222. 3,250 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded18-01-1988

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

Sources

Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.