Active BE 0424.216.137Public limited company

GARAGE KELGTERMANS

Balendijk 211 ·3920 Lommel, Belgium· 43 yrs active

Sector: NACE 95311 (95311)

Conclusion Checked

The computed 12-month bankruptcy probability of GARAGE KELGTERMANS is 0.2% (very low). The 2024 annual accounts show equity of €779k and a net result of €167k. Equity is growing by ~6.9% per year across the filed fiscal years. The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€779k
Net result	€167k
Staff (FTE)	6.6
Active	43 yrs

Snowflake analysis 5 axes · computed by Checked

86 / 100

Exceptional profile — strong across almost every axis.

Health 89

Profitability 100

Solvency 87

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

Long track record −Lower-risk legal form −Lower-failure-rate sector −

Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

Long-established

Founded in 1983 — 43 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

89 / 100 Excellent

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 31-07-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts — not a forecast, the extended trend.

growing Equity: growth of ~6.9%/year over 7 fiscal years — indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€258k

+29.8% 18–24

Net profit

€167k

+67.2% 18–24

Cash flow

€182k

+35.1% 18–24

Total assets

€1.84M

+0.2% 18–24

Equity

€779k

+17.7% 18–24

Working capital

€869k

+11.5% 18–24

Employees (FTE)

7

-7.0% 18–24

Staff costs

€475k

-1.3% 18–24

Income taxes

€55k

+32.3% 18–24

Dividends

€50k

-52.4% 18–24

Debt

€1.06M

-9.6% 18–24

Debt ≤ 1y

€752k

-10.7% 18–24

Debt > 1y

€311k

-7.0% 18–24

Current ratio

2.16

+12.0% 18–24

Quick ratio

0.63

-9.9% 18–24

Solvency

42.3%

+17.4% 18–24

Debt / equity

1.36

-23.2% 18–24

ROE

21.4%

+42.1% 18–24

ROA

9.1%

+66.8% 18–24

Interest coverage

12.18

+46.5% 18–24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	—
EBITDA	€258k
Net profit	€167k
Cash flow	€182k
Staff costs	€475k
Income taxes	€55k
Dividends	€50k
Total assets	€1.84M
Equity	€779k
Debt	€1.06M
of which ≤ 1y	€752k
of which > 1y	€311k
Working capital	€869k
Employees (FTE)	6.6

Ratios (computed)

	2024
Current ratio	2.16
Quick ratio	0.63
Working capital ratio	47.2%
Solvency	42.3%
Debt / equity	1.36
Long-term debt ratio	0.40
Interest coverage	12.18
Gross margin	—
Net margin	—
ROA	9.1%
ROE	21.4%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2024

Assets

Fixed assets €222k · 12.0% Current assets €1.62M · 88.0%

Equity & liabilities

Equity €779k · 42.3% Debt €1.06M · 57.7%

Full annual accounts

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

Line item	Code	2024
Balance sheet — Assets
TOTAL ASSETS	20/58	€1.84M
Fixed assets	21/28	€222k
Tangible fixed assets	22/27	€216k
Financial fixed assets	28	€5k
Current assets	29/58	€1.62M
Stocks & contracts in progress	3	€1.15M
Amounts receivable within one year	40/41	€261k
Cash & bank	54/58	€203k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.84M
Equity	10/15	€779k
Contributions / capital	10/11	€212k
Reserves	13	€567k
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€1.06M
Amounts payable after one year	17	€311k
Amounts payable within one year	42/48	€752k
Trade debts payable within one year	44	€377k
Income statement
Gross operating margin	9900	€753k
Operating result	9901	€243k
Financial income	75	€625
Financial charges	65	€21k
Result before taxes	9903	€222k
Income taxes	67/77	€55k
Net result for the period	9904	€167k
Result to be appropriated	9905	€167k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	95311
Legal form	Public limited company(014)
Incorporation	30-06-1983
Status	Active
Postal code	3920

Establishment units 1 location

GARAGE KELGTERMANS

Balendijk 211, 3920 Lommelde kleinhandel in nieuwe en gebruikte auto's voor personenvervoer,inclusief die voor bijzondere doeleinden (vb ambulances)

since 19832.078.107.214

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.
72020C1408/00T012	Flanders	5,005 m²	1 · 1,480 m²	—

Methodology

via registered seat: 1

1 of 1 parcels 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.

2025

31-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

2024

13-09-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

2023

13-11-2023

State Gazette act Director changes

Ruud JANSEN

12-10-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

2022

16-09-2022

NBB filing Annual accounts filed

fiscal year 2021 · verkort

2021

13-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · verkort

2020

03-08-2020

NBB filing Annual accounts filed

fiscal year 2019 · verkort

2019

01-07-2019

NBB filing Annual accounts filed

fiscal year 2018 · verkort

2018

02-07-2018

NBB filing Annual accounts filed

fiscal year 2017 · verkort

2017

30-06-2017

NBB filing Annual accounts filed

fiscal year 2016 · verkort

2016

20-06-2016

NBB filing Annual accounts filed

fiscal year 2015 · verkort

Belgisch Staatsblad — acts 1 acts

All acts · 1 updated 2 years ago

2023

13-11-2023 4 directors appointed, 1 resigning Director changes·Ruud JANSEN

Kelgtermans Jozef — Bestuurder
LUTS Ineke — Bestuurder
Kelgtermans Dirk — Bestuurder
Kelgtermans Dirk — Gedelegeerd bestuurder
Kelgtermans M & B — Bestuurder

Notary: Ruud JANSEN · Lommel

Original publication ↗

Technical details

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Company registry (CBE) Crossroads Bank

Activities

Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)45113Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)45201Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811Onderhoud en reparatie van auto's50200Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)95311Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)45113Detailhandel in motorbrandstoffen in gespecialiseerde winkels47300Detailhandel in motorbrandstoffen47300Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811Detailhandel in motorvoertuigen50103Detailhandel in motorbrandstoffen50500

Primary activity highlighted.

Names & trade names

Legal nameNL

GARAGE KELGTERMANS

Registered office

Balendijk 211

3920 Lommel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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