Active BE 0425.253.839Public limited companyOpen bankruptcy

GARAGE DIAS & ZONEN

Bettestraat (STE) 6 ·9190 Stekene, Belgium· 42 yrs active

Sector: Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton) (95311)

Conclusion Checked

A bankruptcy procedure is open for GARAGE DIAS & ZONEN according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €117k and a net result of €-1.30M.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€117k
Net result	€-1.30M
Staff (FTE)	6
Better than sector	19%

Financial profile 5 of 5 axes measured · computed by Checked

7 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 5

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

0 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 09-10-2024 with the NBB · fiscal year 2023 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 95 · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	7.5%	28.3%	better than 19% of 92 sector peers
Net result	€-1.30M	€54k	better than 5% of 92 sector peers
Equity	€117k	€165k	better than 40% of 92 sector peers
Gross operating margin	€-86k	€304k	better than 5% of 92 sector peers
Staff costs	€143k	€177k	higher than 36% of 72 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€69k

-21.5% 18-23

Net profit

€-1.30M

- 18-23

Cash flow

€47k

-31.4% 18-23

Total assets

€1.55M

-23.2% 18-23

Equity

€117k

-84.7% 18-23

Working capital

€-292k

- 18-23

Employees (FTE)

6

0.0% 18-23

Staff costs

€143k

-23.7% 18-23

Show 11 other metrics

Income taxes

€-559

- 18-23

Debt

€1.32M

+5.6% 18-23

Debt ≤ 1y

€600k

+25.7% 18-23

Debt > 1y

€722k

-6.8% 18-23

Current ratio

0.51

-82.8% 18-23

Quick ratio

0.19

-47.9% 18-23

Solvency

7.5%

-80.1% 18-23

Debt / equity

11.35

+591.3% 18-23

ROE

-1118.3%

- 18-23

ROA

-84.1%

- 18-23

Interest coverage

3.09

-22.8% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	verkort
Revenue	-
EBITDA	-
Net profit	€-1.30M
Cash flow	-
Staff costs	€143k
Income taxes	€-559
Dividends	-
Total assets	€1.55M
Equity	€117k
Debt	€1.32M
of which ≤ 1y	€600k
of which > 1y	€722k
Working capital	€-292k
Employees (FTE)	6.0

Ratios (computed)

	2023
Current ratio	0.51
Quick ratio	0.19
Working capital ratio	-18.8%
Solvency	7.5%
Debt / equity	11.35
Long-term debt ratio	6.20
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-84.1%
ROE	-1118.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €1.24M · 80.1% Current assets €308k · 19.9%

Equity & liabilities

Equity €117k · 7.5% Provisions €110k · 7.1% Debt €1.32M · 85.4%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.55M
Fixed assets	21/28	€1.24M
Tangible fixed assets	22/27	€1.24M
Financial fixed assets	28	€141
Current assets	29/58	€308k
Stocks & contracts in progress	3	€192k
Amounts receivable within one year	40/41	€52k
Cash & bank	54/58	€63k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.55M
Equity	10/15	€117k
Contributions / capital	10/11	€62k
Reserves	13	€701k
Accumulated profits (losses)	14	€-1.30M
Provisions & deferred taxes	16	€110k
Amounts payable	17/49	€1.32M
Amounts payable after one year	17	€722k
Amounts payable within one year	42/48	€600k
Trade debts payable within one year	44	€222k
Income statement
Gross operating margin	9900	€-86k
Operating result	9901	€-1.28M
Financial income	75	€123
Financial charges	65	€24k
Result before taxes	9903	€-1.30M
Income taxes	67/77	€-559
Net result for the period	9904	€-1.30M
Result to be appropriated	9905	€-1.30M

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	FREDERIC LELEUX KAPELLESTRAAT 33, 9220 HAMME (O.-VL.)	16-10-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)(95311)
Legal form	Public limited company(014)
Incorporation	30-12-1983
Status	Active
Postal code	9190
First insolvency signal	22-10-2024
Latest insolvency signal	22-10-2024

Establishment units 1 location

GARAGE DIAS & ZONEN

Bettestraat (STE) 6, 9190 Stekenede vervaardiging van personenauto's.

since 19842.023.955.973

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46024A1463/00A000	Flanders	3,080 m²	1 · 1,001 m²	-

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

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

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

22-10-2024

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Dendermonde · GARAGE DIAS & ZONEN NV BETTESTRAAT (STE) 6, 9190 STEKENE · event 16-10-2024

09-10-2024