GARAGE DIAS & ZONEN
Open bankruptcyA bankruptcy procedure is open for GARAGE DIAS & ZONEN according to publications in the Belgian State Gazette; curator: FREDERIC LELEUX.
Summary
The 2023 annual accounts show equity of €117k and a net result of €-1.30M.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-10-2024, 70 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
70 d late
2022
31 d late
2021
3 d late
2020
27 d late
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€117k▼ 84.7%
2022 · €763k
2018: €1.22M
2019: €1.23M
2020: €1.23M
2021: €1.23M
2022: €763k
2018 → 2023
Total assets
€1.55M▼ 23.2%
2022 · €2.02M
2018: €2.71M
2019: €2.56M
2020: €2.57M
2021: €2.65M
2022: €2.02M
2018 → 2023
Net result
€-1.30M
2022 · €102
2018: €29k
2019: €11k
2020: €4k
2021: €2k
2022: €102
2018 → 2023
Working capital
€-292k
2022 · €952k
2018: €1.31M
2019: €700k
2020: €1.34M
2021: €1.59M
2022: €952k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€1.23M-€1.23M▲ 0.3%€1.23M▲ 0.2%€763k▼ 38.2%€117k▼ 84.7%
Operating result€49k-€57k▲ 16.8%€21k▼ 63.0%€22k▲ 4.2%€-1.28M
Net result€11k-€4k▼ 66.3%€2k▼ 48.1%€102▼ 94.6%€-1.30M
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €1.28M after €22k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.55M
Fixed assets
€1.24M ▲ 112%
Current assets
€308k ▼ 78.4%
Equity and liabilities €1.55M
Equity
€117k ▼ 84.7%
Provisions
€110k
Debt
€1.32M ▲ 5.6%
Debt's share of the balance-sheet total rises from 62.1% to 85.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.51▼
2022 · 3.00
Quick ratio
0.19▼
2022 · 0.37
Debt to equity
11.35▲
2022 · 1.64
ROA
-84.1%▼
2022 · 0.0%
Debt ≤ 1 year
€600k▲
2022 · €477k
Debt > 1 year
€722k▼
2022 · €775k
Income taxes
€-559▼
2022 · €19
Staff costs
€143k▼
2022 · €187k
A ratio outside any meaningful range has been withheld (balance sheet total €1.55M, equity €117k).
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 · 2023 against 2022 · 65 lines
Balance sheet
Code20222023
Assets
Total assets20/58€2.02M€1.55M▼
Fixed assets21/28€586k€1.24M▲
Tangible fixed assets22/27€586k€1.24M▲
Land and buildings22€568k€1.23M▲
Plant, machinery and equipment23€9k€9k=
Furniture and vehicles24€8k€6k▼
Financial fixed assets28€141€141=
Current assets29/58€1.43M€308k▼
Amounts receivable after more than one year29€16k-
Other amounts receivable291€16k-
Stocks and contracts in progress3€1.25M€192k▼
Stocks30/36€973k€39k▼
Contracts in progress37€279k€153k▼
Amounts receivable within one year40/41€62k€52k▼
Trade receivables40€33k€22k▼
Other amounts receivable41€29k€31k▲
Cash at bank and in hand54/58€99k€63k▼
Deferred charges and accrued income490/1€79€79=
Equity and liabilities
Total equity and liabilities10/49€2.02M€1.55M▼
Equity10/15€763k€117k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12-€657k
Reserves13€701k€701k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€695k€695k=
Profit (loss) carried forward14-€-1.30M
Provisions and deferred taxes16-€110k
Provisions for liabilities and charges160/5-€110k
Pensions and similar obligations160-€110k
Amounts payable17/49€1.25M€1.32M▲
Amounts payable after more than one year17€775k€722k▼
Financial debts170/4€775k€722k▼
Amounts payable within one year42/48€477k€600k▲
Current portion of amounts payable after more than one year42€64k€65k▲
Financial debts43€300k€300k=
Credit institutions430/8€300k€300k=
Trade debts44€90k€222k▲
Suppliers440/4€90k€222k▲
Taxes, remuneration and social security45€23k€12k▼
Taxes450/3€4k€2k▼
Remuneration and social security454/9€19k€11k▼
Other amounts payable47/48-€26
Income statement
Code20222023
Non-recurring operating income76A€115k-
Remuneration, social security and pensions62€187k€143k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1.04M
Other operating charges640/8€7k€7k▼
Non-recurring operating charges66A-€0
Gross operating margin9900€263k€-86k▼
Operating profit (loss)9901€22k€-1.28M▼
Financial income75/76B€358€123▼
Recurring financial income75€358€123▼
Financial charges65/66B€22k€24k▲
Recurring financial charges65€22k€24k▲
Profit (loss) for the period before taxes9903€121€-1.30M▼
Income taxes67/77€19€-559▼
Profit (loss) for the period9904€102€-1.30M▼
Profit (loss) for the period to be appropriated9905€102€-1.30M▼
Appropriation of the result
Profit (loss) to be appropriated9906€102€-1.30M▼
Transfer to equity691/2€102-
To other reserves6921€102-
Social balance
Average headcount (FTE)90876.06.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
22-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · GARAGE DIAS & ZONEN NV BETTESTRAAT (STE) 6, 9190 STEKENE · event 16-10-2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 70 days late
2023
31-12
Financial
Weakest financial yearnet €-1.30M ▼1280059%
Net result drops to €-1.30M, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 50 days late
2015
07-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Stekene · 1 establishment unit since 1984
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.
Bettestraat (STE) 69190 StekeneGround area
3,080 m²
Building footprint
1,002 m²
Parcel 46024A1463/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
GARAGE DIAS & ZONEN
since 19842.023.955.973
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A1463/00A000 | Flanders | 3,080 m² | 1 · 1,001 m² | - |
Linked by address, not proof of ownership
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FREDERIC LELEUX KAPELLESTRAAT 33,
9220 HAMME (O.-VL.) |
16-10-2024 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 785 EUR awarded · 785 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 785 EUR | 785 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,375 companies in sector 95311 we hold annual accounts for 2,959. 2,349 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
Founded30-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:renaat.de.smet@dias-firetrucks.be