Garage L. Ceulemans
ActiveGarage L. Ceulemans has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €211k and a net result of €87k. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 4149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▲+13
Solvency28▼-9
Growth56▲+18
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity tight (current ratio 1.05 against 1.27 in 2024; short-term debt: 73.4% and cash: 0.1% of total assets), and 97.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
2.6%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 4149 sector peers (2025).
NBB · sector comparisonPosition among 4149 sector peers
Solvency
better than 14%
← weakest
strongest →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
on the day
2023
20 d early
2022
24 d early
2021
31 d late
2020
30 d late
2019
4 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€36.84M▲ 19.0%
2024 · €30.96M
2018: €24.09M
2019: €25.04M
2020: €18.93M
2021: €18.94M
2022: €20.93M
2023: €31.79M
2024: €30.96M
2018 → 2025
EBIT margin
1.3%▲ 1.2pp
2024 · 0.2%
2018: 0.8%
2019: 0.2%
2020: 1.6%
2021: 0.7%
2022: 4.3%
2023: 15.0%
2024: 0.2%
2018 → 2025
Net result
€87k
2024 · €-249k
2018: €-40k
2019: €-160k
2020: €121k
2021: €-73k
2022: €568k
2023: €3.34M
2024: €-249k
2018 → 2025
Working capital
€269k▼ 88.1%
2024 · €2.26M
2018: €1.43M
2019: €1.39M
2020: €1.54M
2021: €1.57M
2022: €1.66M
2023: €2.19M
2024: €2.26M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€18.94M-€20.93M▲ 10.5%€31.79M▲ 51.8%€30.96M▼ 2.6%€36.84M▲ 19.0%
Equity€1.82M-€1.82M=€1.82M=€1.58M▼ 13.6%€211k▼ 86.6%
Operating result€127k-€909k▲ 614%€4.76M▲ 423%€51k▼ 98.9%€496k▲ 880%
Net result€-73k-€568k€3.34M▲ 488%€-249k€87k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 880% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.10M
Fixed assets
€1.89M▼ 9.7%
Current assets
€6.22M▼ 42.0%
Equity and liabilities €8.10M
Equity
€211k▼ 86.6%
Debt
€7.89M▼ 29.8%
The debt ratio rises from 87.7% to 97.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€835k▲
2024 · €372k
Cash flow
€426k▲
2024 · €72k
Solvency
2.6%▼
2024 · 12.3%
Current ratio
1.05▼
2024 · 1.27
Quick ratio
0.64▲
2024 · 0.48
Debt / equity
37.35▲
2024 · 7.13
ROE
41.4%▲
2024 · -15.8%
ROA
1.1%▲
2024 · -1.9%
Interest coverage
2.51▲
2024 · 0.84
Debt
€7.89M▼
2024 · €11.24M
Debt ≤ 1 year
€5.95M▼
2024 · €8.46M
Debt > 1 year
€1.79M▼
2024 · €2.04M
Income taxes
€137k▲
2024 · €4k
Staff costs
€2.76M▲
2024 · €2.64M
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€12.81M€8.10M▼
Fixed assets21/28€2.09M€1.89M▼
Tangible fixed assets22/27€2.09M€1.89M▼
Plant, machinery and equipment23€123k€115k▼
Furniture and vehicles24€35k€25k▼
Leasing and similar rights25€1.87M€1.64M▼
Other tangible fixed assets26€63k€114k▲
Current assets29/58€10.72M€6.22M▼
Stocks and contracts in progress3€6.69M€2.44M▼
Stocks30/36€6.58M€2.15M▼
Goods purchased for resale34€6.58M€2.15M▼
Contracts in progress37€110k€287k▲
Amounts receivable within one year40/41€3.94M€3.71M▼
Trade receivables40€816k€2.31M▲
Other amounts receivable41€3.13M€1.40M▼
Cash at bank and in hand54/58€45k€6k▼
Deferred charges and accrued income490/1€48k€61k▲
Equity and liabilities
Total equity and liabilities10/49€12.81M€8.10M▼
Equity10/15€1.58M€211k▼
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€1.45M€87k▼
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€75k€75k=
Distributable reserves133€1.36M€0▼
Profit (loss) carried forward14€0-
Amounts payable17/49€11.24M€7.89M▼
Amounts payable after more than one year17€2.04M€1.79M▼
Financial debts170/4€2.04M€1.79M▼
Leasing and similar obligations172€2.04M€1.79M▼
Amounts payable within one year42/48€8.46M€5.95M▼
Current portion of amounts payable after more than one year42€246k€256k▲
Financial debts43€5.56M€2.45M▼
Credit institutions430/8€5.46M€2.45M▼
Other loans439€98k€0▼
Trade debts44€1.17M€415k▼
Suppliers440/4€1.15M€415k▼
Bills of exchange payable441€17k€0▼
Advances received on contracts in progress46€172k€261k▲
Taxes, remuneration and social security45€1.24M€986k▼
Taxes450/3€963k€663k▼
Remuneration and social security454/9€282k€323k▲
Other amounts payable47/48€67k€1.57M▲
Accrued charges and deferred income492/3€735k€160k▼
Income statement
Code20242025
Operating income70/76A€31.13M€37.00M▲
Turnover70€30.96M€36.84M▲
Change in stocks of work in progress, finished goods and contracts in progress71€1k€0▼
Other operating income74€146k€162k▲
Non-recurring operating income76A€20k€0▼
Operating charges60/66A€31.08M€36.51M▲
Goods for resale, raw materials and consumables60€25.92M€31.57M▲
Purchases600/8€28.26M€27.15M▼
Change in stocks: decrease (increase)609€-2.34M€4.42M▲
Services and other goods61€2.08M€1.76M▼
Remuneration, social security and pensions62€2.64M€2.76M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€321k€338k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k€5k▼
Other operating charges640/8€52k€70k▲
Non-recurring operating charges66A€50k€343▼
Operating profit (loss)9901€51k€496k▲
Financial income75/76B€171k€88k▼
Recurring financial income75€171k€88k▼
Income from current assets751€168k€84k▼
Other financial income752/9€3k€4k▲
Financial charges65/66B€466k€360k▼
Recurring financial charges65€466k€360k▼
Debt charges650€440k€332k▼
Other financial charges652/9€26k€28k▲
Profit (loss) for the period before taxes9903€-244k€225k▲
Income taxes67/77€4k€137k▲
Taxes670/3€4k€137k▲
Profit (loss) for the period9904€-249k€87k▲
Profit (loss) for the period to be appropriated9905€-249k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-201k€87k▲
Profit (loss) brought forward from the previous period14P€48k€0▼
Transfer from equity791/2€201k€1.36M▲
From reserves792€201k€1.36M▲
Profit to be distributed694/7€0€1.45M▲
Return on contributions (dividend)694€0€1.45M▲
Social balance
Average headcount (FTE)908740.240.0▼
The notes to these accounts (75 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
22-06
State Gazette act
Capital & shares · Statutes amendment · RestructuringMerger · Accounting effect · Power of attorney20 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Restructuring
Merger · Accounting effect · Power of attorney20 facts ▸
- Merger, vereenvoudigde fusie door overneming
- Merger, vereenvoudigde fusie door overneming
- Accounting effect, 2026-01-01
- Accounting effect, 2026-01-01
- Power of attorney, Advocatenassociatie Nelissen Grade BV
- Shareholding, alle aandelen
- Shareholding, alle aandelen
- Shareholding, alle aandelen
- Statutory auditor, commissaris, vertegenwoordigd door Stijn Verhoeven, bedrijfsrevisor
- Statutory auditor, commissaris, vertegenwoordigd door Stijn Verhoeven, bedrijfsrevisor
- Statutory auditor, commissaris, vertegenwoordigd door Stijn Verhoeven, bedrijfsrevisor
- Founding, 1979-01-22
- +8 further facts in this act
2025
31-12
Financial
Back to profitnet €87k
Net result €87k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-249k ▼107%
Net result drops to €-249k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €3.34M ▲488%
Operating result €4.76M, net result €3.34M, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €568k
Net result €568k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €121k
Net result €121k after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herent · 3 establishment units since 1990
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.
Brusselsesteenweg 453020 HerentGround area
2.0 ha
Building footprint
6,486 m²
Volume, LiDAR
40,226 m³
3 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
A&M Herent
since 19902.049.319.394
Garage L. Ceulemans
since 20152.251.524.309
A&M Herent Seat/Skoda
since 20262.390.421.379
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24423I0041/00R003 | Flanders | 1.1 ha | 1 · 2,915 m² | 10.1 m · 2 fl. |
| 24127E0018/00X011 | Flanders | 5,416 m² | 1 · 2,213 m² | 10.1 m · 2 fl. |
| 24423I0041/00H003 | Flanders | 3,695 m² | 1 · 1,358 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
2 transactionsTook over:Ceulemans Herent BV
Took over:Ceulemans Motors BV
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 23,771 EUR awarded · 23,771 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 10,735 EUR | 10,735 EUR |
| 2024 | 1 | 13,036 EUR | 13,036 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 10,672 companies in sector 47811 we hold annual accounts for 5,222. 3,730 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-08-1990
Fiscal year end31-12
Abbreviation NL
Garage Ceulemans
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50200
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50103
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.