Garage Gilbert
ActiveGarage Gilbert has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €242k and a net result of €25k. Equity is shrinking by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+25
Solvency87▲+5
Growth58=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.67 in 2024), but 52.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.3%
Return on assets
4.8%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €242k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
43 d early
2023
28 d early
2022
21 d early
2021
48 d early
2020
33 d early
2019
18 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€242k▲ 11.3%
2024 · €218k
2018: €476k
2019: €431k
2020: €203k
2021: €253k
2022: €303k
2023: €207k
2024: €218k
2018 → 2025
Total assets
€512k▲ 4.5%
2024 · €490k
2018: €813k
2019: €756k
2020: €438k
2021: €457k
2022: €497k
2023: €452k
2024: €490k
2018 → 2025
Net result
€25k▲ 119%
2024 · €11k
2018: €2k
2019: €-45k
2020: €-28k
2021: €50k
2022: €50k
2023: €3k
2024: €11k
2018 → 2025
Working capital
€199k▲ 14.8%
2024 · €173k
2018: €452k
2019: €413k
2020: €193k
2021: €246k
2022: €292k
2023: €185k
2024: €173k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€253k-€303k▲ 19.9%€207k▼ 31.9%€218k▲ 5.4%€242k▲ 11.3%
Operating result€57k-€57k▲ 0.4%€20k▼ 64.2%€31k▲ 53.0%€49k▲ 56.5%
Net result€50k-€50k▲ 0.9%€3k▼ 93.6%€11k▲ 251%€25k▲ 119%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 57% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €512k
Fixed assets
€54k▼ 4.1%
Current assets
€458k▲ 5.6%
Equity and liabilities €512k
Equity
€242k▲ 11.3%
Debt
€270k▼ 0.9%
The debt ratio falls from 55.5% to 52.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€61k▲
2024 · €37k
Cash flow
€36k▲
2024 · €17k
Solvency
47.3%▲
2024 · 44.5%
Current ratio
1.77▲
2024 · 1.67
Quick ratio
1.07▼
2024 · 1.12
Debt / equity
1.11▼
2024 · 1.25
ROE
10.1%▲
2024 · 5.2%
ROA
4.8%▲
2024 · 2.3%
Interest coverage
5.29▲
2024 · 2.92
Debt
€270k▼
2024 · €272k
Debt ≤ 1 year
€259k▼
2024 · €260k
Income taxes
€13k▲
2024 · €7k
Staff costs
€211k▼
2024 · €222k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€490k€512k▲
Fixed assets21/28€56k€54k▼
Tangible fixed assets22/27€56k€54k▼
Plant, machinery and equipment23€26k€29k▲
Furniture and vehicles24€30k€24k▼
Financial fixed assets28€135€135=
Current assets29/58€434k€458k▲
Stocks and contracts in progress3€141k€181k▲
Stocks30/36€141k€181k▲
Amounts receivable within one year40/41€195k€177k▼
Trade receivables40€194k€177k▼
Other amounts receivable41€574-
Cash at bank and in hand54/58€92k€95k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€490k€512k▲
Equity10/15€218k€242k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€118k€142k▲
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€108k€132k▲
Amounts payable17/49€272k€270k▼
Amounts payable within one year42/48€260k€259k▼
Trade debts44€54k€50k▼
Suppliers440/4€54k€50k▼
Taxes, remuneration and social security45€59k€57k▼
Taxes450/3€27k€34k▲
Remuneration and social security454/9€33k€23k▼
Other amounts payable47/48€147k€152k▲
Accrued charges and deferred income492/3€12k€11k▼
Income statement
Code20242025
Remuneration, social security and pensions62€222k€211k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€12k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€-3k▼
Other operating charges640/8€14k€17k▲
Gross operating margin9900€272k€285k▲
Operating profit (loss)9901€31k€49k▲
Financial income75/76B€4€9▲
Recurring financial income75€4€9▲
Financial charges65/66B€13k€11k▼
Recurring financial charges65€13k€11k▼
Profit (loss) for the period before taxes9903€18k€37k▲
Income taxes67/77€7k€13k▲
Profit (loss) for the period9904€11k€25k▲
Profit (loss) for the period to be appropriated9905€11k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€25k▲
Transfer to equity691/2€11k€25k▲
To other reserves6921€11k€25k▲
Social balance
Average headcount (FTE)90873.73.4▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €50k ▲0.9%
Operating result €57k, net result €50k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €50k
Net result €50k after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-45k ▼1972%
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Zulte · 1 establishment unit since 1960
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.
Staatsbaan 599870 ZulteGround area
4,746 m²
Building footprint
203 m²
Volume, LiDAR
1,339 m³
Parcel 44081C0149/00C032, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GARAGE GILBERT NV
since 19602.005.745.214
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081C0149/00C032 | Flanders | 4,746 m² | 1 · 202 m² | 7.9 m · 2 fl. |
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.
Similar companies · same sector, comparable size
VICTORIA AND CIE
BE 0505.831.442
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2K motiv
BE 0669.488.159
Boortmeerbeek · Eq €242k
GARAGE-CAR-ROSSERIE WESTEINDE
BE 0473.090.873
Maldegem · Eq €243k
GARAGE DOCQUIER
BE 0543.538.411
Theux · Eq €242k
GARAGE ROSA & FILS
BE 0864.301.474
Seraing · Eq €243k
Of 10,618 companies in sector 47811 we hold annual accounts for 5,192. 3,692 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
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)
50200
50103
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.