Garage G&S

Active

Private limited companyfounded 2022active for 3 yearsKoning Albertlaan(M) 172, 3630 Maasmechelen, BelgiumKBO/BCE: BE 0793.668.450

Summary

The computed 12-month bankruptcy probability of Garage G&S is 8.7% (elevated). The 2024 annual accounts show negative equity (-€18,640) and a net result of -€28,464. Its solvency ranks better than 17% of 25,566 sector peers (NACE 47, financial year 2024). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

Garage G&SActiveChecked score 30/100

Risk analysis Report Compare

Activity

Retail sale of cars and light vans (up to 3.5 tonnes)

NACE 47811

1 site

Size

€112,753total assets 2024

Equity: -€18,640
Loss: -€28,464

Turnover not published (micro format)

Financial health

30 Weak Checked score 2024

Bankruptcy probabilitywithin 12 months: 8.7%

Structure

De Simone GiuseppeDirector

2025 accounts not filed, 89 days past the deadline2 of 3 deeds summarised

Why 30raises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed 15-07-2025)1 financial year not filed after the legal deadlinelowers riskSize: total assets €112,753Show the evidence

Checked score

Score 2024

30 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 7% of its sector peers (NACE 47, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 8-27

equity -16.5% of total assets

Liquidity 1+1

short-term debt 116.5% · cash 1.0%

Profitability 0-6

return on assets -25.2%

Bankruptcy probability, 12 months

8.7% Elevated

0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,248 companies, NACE 47, micro)

Last 24 months 11-2024: 3.4% 12-2024: 3.4%● unchanged vs 11-2024 01-2025: 3.4%● unchanged vs 12-2024 02-2025: 3.4%● unchanged vs 01-2025 03-2025: 3.4%● unchanged vs 02-2025 04-2025: 3.4%● unchanged vs 03-2025 05-2025: 3.5%▲ +0.1 percentage points vs 04-2025 06-2025: 3.2%▼ -0.3 percentage points vs 05-2025 07-2025: 3.2%● unchanged vs 06-2025lowest value 08-2025: 4.5%▲ +1.3 percentage points vs 07-2025 09-2025: 4.5%● unchanged vs 08-2025 10-2025: 4.5%● unchanged vs 09-2025 11-2025: 4.5%● unchanged vs 10-2025 12-2025: 4.5%● unchanged vs 11-2025 01-2026: 4.5%● unchanged vs 12-2025 02-2026: 4.5%● unchanged vs 01-2026 03-2026: 4.5%● unchanged vs 02-2026 04-2026: 5.4%▲ +0.9 percentage points vs 03-2026 05-2026: 5.8%▲ +0.4 percentage points vs 04-2026 06-2026: 5.9%▲ +0.1 percentage points vs 05-2026 07-2026: 5.2%▼ -0.7 percentage points vs 06-2026 08-2026: 5.8%▲ +0.6 percentage points vs 07-2026 09-2026: 6.1%▲ +0.3 percentage points vs 08-2026 10-2026: 8.7%▲ +2.6 percentage points vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.6, compared with 0.62 in 2023, below 1; short-term debt: 116.5% and cash: 1% of total assets), and equity is negative.

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, micro): better than 14% on solvency, 3% on liquidity, 6% on profitability and 2% on growth.

The bankruptcy probability was computed on 27-10-2026 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

Seven signals.

lowers riskraises riskneutral

1 change of registered office in 24 months

Belgian Official Gazette

Figures for financial year 2024 (filed 15-07-2025)

NBB · annual accounts

Size: total assets €112,753

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

1 financial year not filed after the legal deadline

NBB · filings

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

2324

2023 to 2024 · latest year -€18,640

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 89 days later.

NBB · 2 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline28-10-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not filed

2024

16 days early

2023

13 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 15 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 (1)

No strike-offs in the KBO publications

Searched since incorporation in 2022.

KBO publications · our coverage

22-07-2025 Resignation: Ismenghi Sandro (director)Registered-office move
15-07-2025 Annual accounts filedfinancial year 2024 · micro…
18-07-2024 Annual accounts filedfinancial year 2023 · micro…

Key points

Risk: Negative equityfinancial year 2024: debts exceed assets -€18,640 View
Caution: Among the weakest 9% on net resultsector median €4,563 · 25,542 companies -€28,464 View
Caution: 2025 accounts not fileddeadline was 31-07-2026 89 days past the deadline View

By topic

Financials

Financial year: 2024
Total assets: €112,753
Loss: -€28,464
Solvency: -16.5%

Total assets▲ 14.0%

Net result

20232024

Go to Financials

Board & ownership

Board: 1 member

De Simone GiuseppeDirector

Go to Board & ownership

Timeline

Events: 4
Since: 2023

06-02-2023Appointment: De Simone Giuseppe (bijkomend bestuurder)

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Retail sale of cars and light vans (up…NACE 47811
Founded: 17-11-2022
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about Garage G&S

What is the company number of Garage G&S?: 0793.668.450. In Belgium the VAT number is the company number with BE in front: BE 0793.668.450.
Where is Garage G&S based?: The registered office is at Koning Albertlaan(M) 172, 3630 Maasmechelen.Company details
What does Garage G&S 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 G&S?: Private limited company (BV).
When was Garage G&S founded?: On 17-11-2022.
Is Garage G&S still active?: Yes, Garage G&S is an active enterprise in the KBO register.
What is the turnover of Garage G&S?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is Garage G&S profitable?: In financial year 2024, Garage G&S made a loss of €28,464.
Where can I find the annual accounts of Garage G&S?: Garage G&S filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2024.