Equity
€2.1m ▲ 1.8%
GARAGE DEVISCH has made a profit without a break since 2011.
GARAGE DEVISCH
Lifetime
18 annual accounts with figures on one time axis, 23 filings since 2001peak €3.5m (2024)
€3.3m▼ 6.9%
lowest -€20,594 (2010)
€37,442▼ 92.9%
peak €2.1m (2025)
€2.1m▲ 1.8%
€11.5m▲ 29.1%
peak 40 FTE (2025)
40 FTE▲ 21.2%
Board3 names since 2014
2 directorsDEVISCH Christophe and 1 other
Documentsfilings and deeds
20-04-202610 days before the deadline
2025abbreviated format
Result from €528,640 to €37,442Staff from 33 FTE to 40 FTEPower of attorney: Deckmyn Jan CommV 25-03Debts from €8.9m to €11.5m1 establishment registeredInvestments €458,263
Key points
from the 2025 annual accountsResult
€37,442 ▼ 92.9%
The result fell in 2025: the 2024 profit included a one-off income of €298,100.
Debts
€11.5m 84% of the balance sheet
Financial debts 26%Suppliers 46%Taxes and wages 5%Other 23%
Of this, €8.6m falls due within a year.
Investments
€489,085 2.4 × depreciation
Green is investment, beige is depreciation. Machinery stands 54.0% higher than in 2024.
Staff
42 employees on 30-09-2025
In 2025, 33 people joined and 30 left.
Position in the sector
€2.1m
More equity than 95% of companies in retail trade. Sector median €235,781 · 12,866 companies.
Checked score
66
Healthy
Financially stronger than 31% of small companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 1.1%▲ +0.3 percentage points vs 03-2025highest value
05-2025: 0.5%▼ -0.6 percentage points vs 04-2025lowest value
06-2025: 0.5%● unchanged vs 05-2025lowest value
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%▲ +0.2 percentage points vs 03-2026
05-2026: 0.9%▲ +0.1 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €2.1m (15.6% of total assets)
Liquidity: current ratio 1.23, cash €645,057
Size: 40 FTE, total assets €13.6m
Sector: Retail trade (NACE 47)
Calculation
The band follows from the bankruptcy probability. 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). It does better than 29% of them on solvency, 21% on liquidity, 27% on profitability and 45% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as GARAGE DEVISCH has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of GARAGE DEVISCH itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for GARAGE DEVISCH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.23 (1.38 in 2024), below the usual 1.5. Short-term debt is 63.1% and cash 4.7% of total assets. 84.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-04-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 days early
2024
5 days early
2023
20 days early
2022
2 days early
2021
1 day early
2019
122 days late
2018
77 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 25 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Environmental permit refused
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning), Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Brugge
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0473209847
New establishment in Oostkamp
Kortrijksestraat 500
Environmental permit granted
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen, Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw of aanleggen and 5 more · Ichtegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GARAGE DEVISCH Ichtegem | €13.6m | €3.3m | 15.6% | 40 |
| Autohandel Didier Waregem | €21.3m | €5.2m | 51.8% | 36.8 |
| GROUP DUYCK Asse | €14.7m | €4.1m | 57.8% | 31.1 |
| GEERAERD PCK Knokke-Heist | €16.5m | €4.5m | 65.7% | 24.5 |
| CARROSSERIE NIJSMANS Wijnegem | €9.1m | €3.0m | 64.6% | 26.2 |
| BARTOO Turnhout | €23.6m | €4.7m | 38.8% | 34.3 |
| Urbano Motorhomes Temse Temse | €18.8m | €1.2m | 29.5% | 29.4 |
These companies have the same main activity as GARAGE DEVISCH: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €9.1m and €24m, founded between 1991 and 2010.
Official details
Source: KBO- Status
- Active since 10-11-2000Normal situation
- Activity
- Retail sale of cars and light vans (up to 3.5 tonnes)NACE 47811and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 30-09-2025
- Establishment units
- 2.101.060.4818480 Ichtegem, since 28-11-2000
- 2.241.370.1898630 Veurne, since 01-03-2015and 3 others
- Financial year end
- 30 September
- Peppol
- Reachable since 23-12-2025
Annual accounts to 30-09-2025
- ≈ €13.0mestimated
- €13.6m▲ 23.9%
- Employeeson 30-09-2025
- 42▲ 7.7%
- Filing
- Filed on 20-04-2026, 10 days before the end of the filing period
Insights on GARAGE DEVISCH
GARAGE DEVISCH files the abbreviated format. That format states no turnover. The gross margin rose from €180,925 in 2006 to €3.3m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GARAGE DEVISCH
- What is the company number of GARAGE DEVISCH?
- The company number of GARAGE DEVISCH is 0473.209.847. The VAT number is the same number with BE in front: BE 0473.209.847.
- Where is GARAGE DEVISCH based?
- The registered office is at Oostendesteenweg 208, 8480 Ichtegem.Company details
- What does GARAGE DEVISCH do?
- According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
- What is the legal form of GARAGE DEVISCH?
- GARAGE DEVISCH is a private limited company (BV).
- When was GARAGE DEVISCH founded?
- GARAGE DEVISCH was founded on 10-11-2000.
- Is GARAGE DEVISCH still active?
- Yes, GARAGE DEVISCH is an active enterprise in the KBO register.
- How many employees does GARAGE DEVISCH have?
- GARAGE DEVISCH had an average of 40 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GARAGE DEVISCH fall under?
- In its 30-09-2025 annual accounts, GARAGE DEVISCH states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of GARAGE DEVISCH?
- The turnover in financial year 2025 is ≈ €13.0m. This figure is estimated from the gross margin of €3.3m and 87 comparable companies (NACE 47). It probably lies between €7.6m and €23.0m.
- Is GARAGE DEVISCH profitable?
- In financial year 2025, GARAGE DEVISCH made a profit of €37,442.
- Where can I find the annual accounts of GARAGE DEVISCH?
- GARAGE DEVISCH filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GARAGE DEVISCH due?
- GARAGE DEVISCH must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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