GARAGE DE BAETS
ActiveGARAGE DE BAETS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €894k and a net result of €46k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 22% of 1036 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+2
Solvency43▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.13 in 2024; short-term debt: 74.2% and cash: 7.5% of total assets), and 82.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← 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 2025Solvency, return and age of the figures
Solvency
17.8%
Return on assets
0.9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1036 sector peers (2025).
NBB · sector comparisonPosition among 1036 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
on the day
2021
4 d early
2020
3 d early
2019
51 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€894k▲ 5.4%
2024 · €848k
2019: €374k
2020: €463k
2021: €499k
2022: €600k
2023: €834k
2024: €848k
2019 → 2025
Total assets
€5.02M▼ 10.3%
2024 · €5.60M
2019: €2.32M
2020: €3.19M
2021: €3.03M
2022: €3.60M
2023: €6.22M
2024: €5.60M
2019 → 2025
Net result
€46k▲ 237%
2024 · €14k
2019: €154k
2020: €89k
2021: €36k
2022: €100k
2023: €235k
2024: €14k
2019 → 2025
Working capital
€704k▲ 27.3%
2024 · €553k
2019: €241k
2020: €342k
2021: €628k
2022: €490k
2023: €672k
2024: €553k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€499k-€600k▲ 20.1%€834k▲ 39.1%€848k▲ 1.6%€894k▲ 5.4%
Operating result€104k-€153k▲ 48.1%€383k▲ 150%€181k▼ 52.7%€235k▲ 29.7%
Net result€36k-€100k▲ 179%€235k▲ 133%€14k▼ 94.2%€46k▲ 237%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 30% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.02M
Fixed assets
€593k▼ 17.2%
Current assets
€4.43M▼ 9.3%
Equity and liabilities €5.02M
Equity
€894k▲ 5.4%
Debt
€4.13M▼ 13.1%
The debt ratio falls from 84.9% to 82.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€321k▲
2024 · €272k
Cash flow
€132k▲
2024 · €105k
Solvency
17.8%▲
2024 · 15.1%
Current ratio
1.19▲
2024 · 1.13
Quick ratio
0.26▼
2024 · 0.47
Debt / equity
4.62▼
2024 · 5.61
ROE
5.1%▲
2024 · 1.6%
ROA
0.9%▲
2024 · 0.2%
Interest coverage
1.95▲
2024 · 1.77
Debt
€4.13M▼
2024 · €4.75M
Debt ≤ 1 year
€3.73M▼
2024 · €4.33M
Debt > 1 year
€403k▼
2024 · €421k
Income taxes
€25k▲
2024 · €14k
Staff costs
€612k▼
2024 · €687k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.60M€5.02M▼
Fixed assets21/28€716k€593k▼
Tangible fixed assets22/27€716k€593k▼
Land and buildings22€119k€105k▼
Plant, machinery and equipment23€263k€243k▼
Furniture and vehicles24€334k€245k▼
Current assets29/58€4.89M€4.43M▼
Stocks and contracts in progress3€2.87M€3.46M▲
Stocks30/36€2.87M€3.46M▲
Amounts receivable within one year40/41€1.84M€588k▼
Trade receivables40€1.68M€584k▼
Other amounts receivable41€158k€4k▼
Cash at bank and in hand54/58€174k€377k▲
Deferred charges and accrued income490/1€5k€5k=
Equity and liabilities
Total equity and liabilities10/49€5.60M€5.02M▼
Equity10/15€848k€894k▲
Contributions10/11€40k€40k=
Reserves13€808k€854k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€808k€854k▲
Amounts payable17/49€4.75M€4.13M▼
Amounts payable after more than one year17€421k€403k▼
Financial debts170/4€421k€403k▼
Amounts payable within one year42/48€4.33M€3.73M▼
Current portion of amounts payable after more than one year42€131k€146k▲
Financial debts43€637k€965k▲
Credit institutions430/8€637k€965k▲
Trade debts44€3.24M€2.56M▼
Suppliers440/4€3.24M€2.56M▼
Taxes, remuneration and social security45€329k€58k▼
Taxes450/3€279k€19k▼
Remuneration and social security454/9€50k€38k▼
Other amounts payable47/48€0-
Income statement
Code20242025
Non-recurring operating income76A-€37k
Remuneration, social security and pensions62€687k€612k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€86k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€39k€45k▲
Gross operating margin9900€998k€979k▼
Operating profit (loss)9901€181k€235k▲
Financial income75/76B€294€3▼
Recurring financial income75€294€3▼
Financial charges65/66B€154k€164k▲
Recurring financial charges65€154k€164k▲
Profit (loss) for the period before taxes9903€28k€71k▲
Income taxes67/77€14k€25k▲
Profit (loss) for the period9904€14k€46k▲
Profit (loss) for the period to be appropriated9905€14k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€46k▲
Transfer to equity691/2€14k€46k▲
To other reserves6921€14k€46k▲
Social balance
Average headcount (FTE)908714.511.9▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €14k ▼94.2%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €235k ▲133%
Operating result €383k, net result €235k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €500kEq €600k ▲20.1%
4 profitable years in a row build equity to €600k.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Hasselt · 3 establishment units since 2003
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.
Diepenbekerweg 203500 HasseltGround area
7,929 m²
Building footprint
3,412 m²
2 parcels, Flanders. Linked by address, not a title deed.
3 establishment units
GARAGE DE BAETS BVBA
since 20032.126.555.447
Carrosserie De Baets
since 20182.272.333.876
De Baets Motoren
since 20222.326.549.552
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0492/00N004 | Flanders | 4,472 m² | 2 · 2,106 m² | - |
| 71328D0492/00M004 | Flanders | 3,457 m² | 1 · 1,306 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 2023 · 3 entries · 17,642 EUR awarded · 17,642 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 6,278 EUR | 6,278 EUR |
| 2022 | 2 | 11,364 EUR | 11,364 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsBrom- en motorfietsinstallaties duaal (so)
Mecanicien bromfietsen en motorfietsen (vwo)
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Of 7,375 companies in sector 95311 we hold annual accounts for 2,958. 1,766 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-03-2003
Fiscal year end30-06
Activities, NACEBEL
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
50200
47811Retail sale of cars and light vans (up to 3.5 tonnes)
45204
47820Retail sale of motor vehicle parts and accessories
45401
45402
46730Wholesale trade
47300Retail sale of automotive fuel
47632Retail sale of bicycles
47711Retail sale of women's outerwear
47712Retail trade
47715Retail trade
47785Retail trade
47830Retail sale of motorcycles and motorcycle parts and accessories
50103
50302
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.