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Garage De Prins

Active
Public limited companyfounded 1970active for 56 yearsRijksweg 123A, 9870 Zulte, BelgiumKBO/BCE: BE 0407.547.181
Summary

Garage De Prins has been active since 1970 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €129,159. Equity remains stable across the filed financial years (±1% per year). Its solvency ranks better than 33% of 5,004 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811
Oldest company in Zulte, Wholesale and retail trade sector1 site
Size
€14.7mturnover 2025
Staff
15.5 FTE
Equity
€1.6m
Profit
€129,159
Financial health
66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Parent
LO.GI.CA · 100%
  • Yves Van den BroekeDirector
Auditor: Moore AuditAccounts 51 days early4 of 10 deeds read
Why 66raises riskLiquidity: current ratio 1.17, cash €305,165, halvedEquity €1.6m (21.4% of total assets)Sector: Retail trade (NACE 47)Size: turnover €14.7m, 15.5 FTE, total assets €7.7mShow the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 25% of its sector peers (NACE 47, small)
Financial strength · tick = 2024
Weak
Solvency 46-13
equity 21.4% of total assets
Liquidity 17-13
short-term debt 71.5% · cash 4.0%
Profitability 42-24
return on assets 1.7%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,692 companies, NACE 47, small)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 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: 0.2%▼ -0.3 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026lowest value 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.9%▲ +0.7 percentage points vs 06-2026highest value 08-2026: 0.9%● unchanged vs 07-2026highest value 09-2026: 0.9%● unchanged vs 08-2026highest value 10-2026: 0.9%● unchanged vs 09-2026highest value
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.17, compared with 1.05 in 2024, below the usual 1.5; short-term debt: 71.5% and cash: 4% of total assets), and 78.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 37% on solvency, 14% on liquidity, 26% on profitability and 21% on growth.

The bankruptcy probability was computed on 22-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
raises riskneutral
raises risk · Liquidity: current ratio 1.17, cash €305,165, halved
NBB · annual accounts
raises risk · Equity €1.6m (21.4% of total assets)
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · Size: turnover €14.7m, 15.5 FTE, total assets €7.7m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
51 days early
2024
44 days early
2023
37 days early
2022
39 days early
2021
41 days early
2020
29 days early
2019
37 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 40 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Capital & shares · RestructuringAuditor report · Demerger ·…
  3. Capital & shares · RestructuringAuditor report · Demerger ·…

Key points

  • Positive: Oldest company in Zulte, Wholesale and retail trade sectorin the Checked rankings No. 1 View
  • 2 restructurings since 2025latest: branch transferred to LGC VASTGOED 2 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €129,159 8 years View
  • Caution: Equity fell in 2025from €2.7m to €1.6m ▼ 39.5% View
  • Controlled by LO.GI.CA 100% View
  • Active since 1970founded 14-10-1970 56 years View

By topic

Financials

Financial year
2025
Turnover
€14.7m
Profit
€129,159
Solvency
21.4%
Turnover▼ 4.2%
Net result
20212025
Go to Financials

Board & ownership

Board
1 member
Parent
LO.GI.CA · 100%
Auditor
Moore Audit
  • Yves Van den BroekeDirector
Go to Board & ownership

Timeline

Events
55
Since
1978
Next accounts
by 31-07-2027
  1. 18-06-2025Restructuring
  2. 18-06-2025Restructuring
  3. 17-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Retail sale of cars and light vans (up…NACE 47811
Founded
14-10-1970
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
4
Purpose
“De aan- en verkoop, import en export, onderhoud en herstellingen van motorvoertuigen van…” (deed in Dutch)
Go to Articles of association

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