GARAGE DE RO
ActiveSummary
GARAGE DE RO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €99k and a net result of €-52k. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 572 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability32▼-19
Solvency30▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.11 against 1.26 in 2023; short-term debt: 42.2% and cash: 2.4% of total assets), and 95% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
5%
Return on assets
-2.6%
Age of the figures
21 mo
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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 572 sector peers (2024).
NBB · sector comparisonPosition among 572 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-12-2025, 132 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
132 d late
2023
68 d late
2022
70 d late
2021
58 d late
2020
89 d late
2019
66 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-52k
2023 · €21k
2018: €33k
2019: €-128k
2020: €18k
2021: €-44k
2022: €44k
2023: €21k
2018 → 2024
Working capital
€93k▼ 44.0%
2023 · €166k
2018: €386k
2019: €296k
2020: €412k
2021: €321k
2022: €329k
2023: €166k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€129k-€86k▼ 33.6%€129k▲ 50.6%€151k▲ 16.5%€99k▼ 34.4%
Operating result€60k-€32k▼ 46.7%€63k▲ 98.2%€68k▲ 8.8%€9k▼ 87.6%
Net result€18k-€-44k€44k€21k▼ 51.0%€-52k
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 88% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.98M
Fixed assets
€1.05M ▲ 0.5%
Current assets
€929k ▲ 15.1%
Equity and liabilities €1.98M
Equity
€99k ▼ 34.4%
Debt
€1.88M ▲ 10.5%
Debt's share of the balance-sheet total rises from 91.9% to 95.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€117k▼
2023 · €174k
Cash flow
€57k▼
2023 · €127k
Current ratio
1.11▼
2023 · 1.26
Quick ratio
0.25▼
2023 · 0.46
Debt to equity
19.04▲
2023 · 11.30
ROE
-52.5%▼
2023 · 14.1%
ROA
-2.6%▼
2023 · 1.1%
Interest coverage
1.94▼
2023 · 3.69
Debt ≤ 1 year
€837k▲
2023 · €641k
Debt > 1 year
€1.05M▼
2023 · €1.06M
Income taxes
€698▲
2023 · €378
Staff costs
€432k▲
2023 · €418k
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 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.85M€1.98M▲
Fixed assets21/28€1.05M€1.05M▲
Intangible fixed assets21€21k€19k▼
Tangible fixed assets22/27€1.03M€1.03M▲
Land and buildings22€765k€736k▼
Plant, machinery and equipment23€169k€194k▲
Furniture and vehicles24€92k€103k▲
Financial fixed assets28€1k€1k=
Current assets29/58€807k€929k▲
Stocks and contracts in progress3€509k€724k▲
Stocks30/36€509k€724k▲
Amounts receivable within one year40/41€279k€142k▼
Trade receivables40€177k€22k▼
Other amounts receivable41€102k€119k▲
Cash at bank and in hand54/58€11k€48k▲
Deferred charges and accrued income490/1€8k€16k▲
Equity and liabilities
Total equity and liabilities10/49€1.85M€1.98M▲
Equity10/15€151k€99k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€83k€31k▼
Amounts payable17/49€1.70M€1.88M▲
Amounts payable after more than one year17€1.06M€1.05M▼
Financial debts170/4€1.06M€1.05M▼
Amounts payable within one year42/48€641k€837k▲
Current portion of amounts payable after more than one year42€202k€167k▼
Financial debts43€7k-
Other loans439€7k-
Trade debts44€6k€191k▲
Suppliers440/4€6k€191k▲
Advances received on contracts in progress46€661€5k▲
Taxes, remuneration and social security45€21k€24k▲
Taxes450/3-€1k
Remuneration and social security454/9€21k€23k▲
Other amounts payable47/48€405k€450k▲
Accrued charges and deferred income492/3-€50
Income statement
Code20232024
Non-recurring operating income76A€130€308▲
Remuneration, social security and pensions62€418k€432k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€105k€109k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€2k-
Other operating charges640/8€14k€35k▲
Gross operating margin9900€609k€584k▼
Operating profit (loss)9901€68k€9k▼
Financial income75/76B€362€821▲
Recurring financial income75€362€821▲
Financial charges65/66B€47k€61k▲
Recurring financial charges65€47k€61k▲
Profit (loss) for the period before taxes9903€22k€-51k▼
Income taxes67/77€378€698▲
Profit (loss) for the period9904€21k€-52k▼
Profit (loss) for the period to be appropriated9905€21k€-52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€83k€31k▼
Profit (loss) brought forward from the previous period14P€61k€83k▲
Social balance
Average headcount (FTE)90876.87.3▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 132 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 68 days late
2023
31-12
Financial
Equity above €150kEq €151k ▲16.5%
2 profitable years in a row build equity to €151k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
31-12
Financial
Equity above €100kEq €129k ▲50.6%
Equity rises from €86k to €129k.
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 58 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.13
Current ratio from 1.44 to 3.13; short-term debt falls from €672k to €193k.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
31-12
Financial
Weakest financial yearnet €-128k ▼484%
Net result drops to €-128k, the lowest in the series; recovery starts the following year.
Show earlier events
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Charleroi · 1 establishment unit since 1994
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.
Avenue Eugène Mascaux 8366001 CharleroiGround area
150 m²
Building footprint
72 m²
Volume, LiDAR
620 m³
Parcel 52392C0162/00Z006, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Eugène Mascaux 836, 6001 Charleroi
since 19942.067.145.224
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52392C0162/00Z006indicative | Wallonia | 150 m² | 1 · 72 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
EASYBOX
BE 0430.779.473
Genappe · Eq €99,027
LASSKO
BE 0461.142.156
Schaarbeek · Eq €98,564
GARAGE DE WILDE ERIK
BE 0808.563.591
Laarne · Eq €99,416
CARROSSERIE A.BUCSAN
BE 0763.482.347
Roeselare · Eq €98,354
RSM2
BE 0678.457.986
Kraainem · Eq €99,511
Of 7,375 companies in sector 95311 we hold annual accounts for 2,959. 2,325 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
Founded24-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.