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GARAGE GITS

Active
Private limited companyfounded 1984active for 42 yearsBergkapelstraat 14, 1840 Londerzeel, BelgiumKBO/BCE: BE 0425.736.562
Summary

GARAGE GITS has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €152,314 and a net result of €27,225. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 68% of 22,554 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
GARAGE GITSActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811
1 site
Size
€281,154total assets 2025
Equity
€152,314
Profit
€27,225
Turnover not published (micro format)
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
2025 accounts on time1 of 4 deeds summarised
Why 90raises risk2 of the last 3 lateSector: Retail trade (NACE 47)lowers riskFounded in 1984Liquidity: current ratio 1.04, cash €53,741Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 71% of its sector peers (NACE 47, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 79+12
equity 54.2% of total assets
Liquidity 61-1
short-term debt 30.3% · cash 19.1%
Profitability 81-1
return on assets 9.7%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,242 companies, NACE 47, micro)
Last 24 months 11-2024: 1.0% 12-2024: 0.9%▼ -0.1 percentage points vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.2 percentage points vs 06-2025 08-2025: 1.7%▲ +0.6 percentage points vs 07-2025 09-2025: 2.0%▲ +0.3 percentage points vs 08-2025 10-2025: 2.7%▲ +0.7 percentage points vs 09-2025highest value 11-2025: 0.3%▼ -2.4 percentage points vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.2%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.04, compared with 0.88 in 2024, below the usual 1.5; short-term debt: 30.3% and cash: 19.1% of total assets), and 45.8% of the assets are financed with debt and provisions.
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 68% on solvency, 68% on liquidity, 73% on profitability and 74% on growth.

The bankruptcy probability was computed on 25-10-2026 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

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1984
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 2 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 1.04, cash €53,741
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
57 days late
2023
59 days late
2022
3 days early
2021
on the day
2020
2 days late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days after 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 (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 September (3 of the last 3 filed years within 57 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Equity above €150,000equity €152,314 ▲21.8%
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Positive: 8 profitable years in a rowprofit 2025: €27,225 8 years View
  • Active since 1984founded 01-04-1984 42 years View
  • One director decidessole director in office 1 View

By topic

Financials

Financial year
2025
Total assets
€281,154
Profit
€27,225
Solvency
54.2%
Total assets▼ 5.6%
Net result
20182025
Go to Financials

Timeline

Events
47
Since
1985
Next accounts
by 31-07-2027
  1. 31-12-2024Highest result from 2018 to 2025
  2. 31-12-2024Equity above €100,000
  3. 28-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of cars and light vans (up…NACE 47811
Founded
01-04-1984
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
16
Annual meeting
25 June at 20:00
Purpose
“De aan- en verkoop van motorvoertuigen en onderdelen, zowel nieuwe als tweedehands…” (deed in Dutch)
Go to Articles of association

Key facts about GARAGE GITS

What is the company number of GARAGE GITS?
0425.736.562. In Belgium the VAT number is the company number with BE in front: BE 0425.736.562.
Where is GARAGE GITS based?
The registered office is at Bergkapelstraat 14, 1840 Londerzeel.Company details
What does GARAGE GITS 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 GITS?
Private limited company (BV).
When was GARAGE GITS founded?
On 01-04-1984.
Is GARAGE GITS still active?
Yes, GARAGE GITS is an active enterprise in the KBO register.
What is the turnover of GARAGE GITS?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is GARAGE GITS profitable?
In financial year 2025, GARAGE GITS made a profit of €27,225.
Where can I find the annual accounts of GARAGE GITS?
GARAGE GITS filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GARAGE GITS due?
By 31-07-2027, for financial year 2026.Timeline

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