Skip to content

GARAGE LETORT

Active
Private limited companyfounded 1980active for 46 yearsRue de Mons 47A, 7380 Quiévrain, BelgiumKBO/BCE: BE 0420.535.976
Summary

The computed 12-month bankruptcy probability of GARAGE LETORT is 1.7% (moderate). The 2024 annual accounts show equity of €81,527 and a net result of -€3,464. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 6,550 sector peers (NACE 47, financial year 2024). The company has been active since 1980 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811
#2 oldest company in Quiévrain, Wholesale and retail trade sector1 site
Size
€497,224total assets 2024
Staff
2 FTE
Equity
€81,527
Loss
-€3,464
Financial health
55 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.7%
Structure
Accounts 70 days overdue0 of 3 deeds read
Why 55raises riskFigures for financial year 2024 (filed 29-08-2025)Equity €81,527 (16.4% of total assets)lowers riskFounded in 1980Liquidity: current ratio 0.74, cash €149,262Show the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 38% of its sector peers (NACE 47, micro)
Financial strength · tick = 2023
Average
Solvency 41=
equity 16.4% of total assets
Liquidity 42-2
short-term debt 83.6% · cash 30.0%
Profitability 60-16
return on assets -0.7%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,186 companies, NACE 47, micro)
Last 24 months 11-2024: 1.5% 12-2024: 0.6%▼ -0.9 percentage points vs 11-2024 01-2025: 0.5%▼ -0.1 percentage points vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.6%▲ +0.1 percentage points vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.5%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▲ +0.2 percentage points vs 07-2025 09-2025: 0.7%▼ -0.1 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.1%▲ +0.4 percentage points vs 07-2026 09-2026: 1.3%▲ +0.2 percentage points vs 08-2026 10-2026: 1.7%▲ +0.4 percentage points vs 09-2026highest value
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.74, compared with 0.72 in 2023; short-term debt: 83.6% and cash: 30% of total assets), and 83.6% of the assets are financed with debt.
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 32% on solvency, 39% on liquidity, 42% on profitability and 36% on growth.

The bankruptcy probability was computed on 08-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for financial year 2024 (filed 29-08-2025)
NBB · annual accounts
lowers risk · Founded in 1980
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 0.74, cash €149,262
NBB · annual accounts
raises risk · Equity €81,527 (16.4% of total assets)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
28 days late
2023
91 days late
2022
11 days late
2021
72 days early
2020
19 days early
2019
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 2 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 (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Annual accounts filedfinancial year 2023 · full…
  3. Highest result from 2018 to 2024net €30,602 ▲1,061%

Key points

  • Positive: Oldest company in Quiévrain, Wholesale and retail trade…in the Checked rankings #2 View
  • Caution: Accounts not fileddeadline was 31-07-2026 70 days late View
  • Active since 1980founded 11-07-1980 46 years View

By topic

Financials

Financial year
2024
Total assets
€497,224
Loss
-€3,464
Solvency
16.4%
Total assets▼ 1.4%
Net result
20182024
Go to Financials

Timeline

Events
48
Since
1981
  1. 11-08-2023Annual accounts filed
  2. 31-12-2022Back to profit
  3. 20-05-2022Annual 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
11-07-1980
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.