GARAGE LUMENS
ActiveGARAGE LUMENS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.73M and a net result of €1.13M. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 4144 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+3
Solvency55▲+5
Growth79▼-2
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.31 in 2024; short-term debt: 69.8% and cash: 18.8% of total assets), and 70.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
29.7%
Return on assets
12.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
12 d late
2024
27 d late
2023
29 d early
2022
2 d early
2021
27 d early
2020
45 d early
2019
67 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€25.57M▲ 8.3%
2024 · €23.62M
2018: €9.61M
2019: €12.04M
2020: €11.76M
2021: €13.30M
2022: €16.59M
2023: €20.36M
2024: €23.62M
2018 → 2025
EBIT margin
6.2%▲ 0.9pp
2024 · 5.4%
2018: 1.8%
2019: 3.7%
2020: 1.0%
2021: 2.6%
2022: 3.8%
2023: 3.0%
2024: 5.4%
2018 → 2025
Net result
€1.13M▲ 28.0%
2024 · €880k
2018: €59k
2019: €251k
2020: €53k
2021: €223k
2022: €434k
2023: €381k
2024: €880k
2018 → 2025
Working capital
€2.54M▲ 20.2%
2024 · €2.11M
2018: €819k
2019: €1.02M
2020: €993k
2021: €1.10M
2022: €1.54M
2023: €1.95M
2024: €2.11M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.30M-€16.59M▲ 24.8%€20.36M▲ 22.7%€23.62M▲ 16.0%€25.57M▲ 8.3%
Equity€1.99M-€2.42M▲ 21.9%€2.08M▼ 14.2%€2.28M▲ 9.9%€2.73M▲ 19.8%
Operating result€351k-€623k▲ 77.5%€616k▼ 1.0%€1.27M▲ 106%€1.60M▲ 25.4%
Net result€223k-€434k▲ 94.7%€381k▼ 12.3%€880k▲ 131%€1.13M▲ 28.0%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 25% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.20M
Fixed assets
€245k▲ 19.1%
Current assets
€8.96M▲ 0.7%
Equity and liabilities €9.20M
Equity
€2.73M▲ 19.8%
Debt
€6.47M▼ 5.2%
The debt ratio falls from 74.9% to 70.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.66M▲
2024 · €1.34M
Cash flow
€1.19M▲
2024 · €946k
Solvency
29.7%▲
2024 · 25.1%
Current ratio
1.39▲
2024 · 1.31
Quick ratio
0.54▲
2024 · 0.33
Debt / equity
2.37▼
2024 · 2.99
ROE
41.2%▲
2024 · 38.6%
ROA
12.2%▲
2024 · 9.7%
Interest coverage
21.98▲
2024 · 17.22
Debt
€6.47M▼
2024 · €6.82M
Debt ≤ 1 year
€6.42M▼
2024 · €6.79M
Income taxes
€393k▲
2024 · €312k
Staff costs
€904k▼
2024 · €948k
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€9.10M€9.20M▲
Fixed assets21/28€205k€245k▲
Tangible fixed assets22/27€205k€244k▲
Plant, machinery and equipment23€128k€206k▲
Furniture and vehicles24€77k€38k▼
Financial fixed assets28€500€500=
Other financial fixed assets284/8€500€500=
Amounts receivable and cash guarantees285/8€500€500=
Current assets29/58€8.90M€8.96M▲
Stocks and contracts in progress3€6.63M€5.52M▼
Stocks30/36€6.63M€5.52M▼
Goods purchased for resale34€6.63M€5.52M▼
Amounts receivable within one year40/41€1.10M€1.48M▲
Trade receivables40€751k€1.15M▲
Other amounts receivable41€346k€335k▼
Current investments50/53€24-
Other investments51/53€24-
Cash at bank and in hand54/58€935k€1.73M▲
Deferred charges and accrued income490/1€237k€222k▼
Equity and liabilities
Total equity and liabilities10/49€9.10M€9.20M▲
Equity10/15€2.28M€2.73M▲
Contributions10/11€334k€334k=
Reserves13€1.95M€2.40M▲
Tax-exempt reserves132€69k€271k▲
Distributable reserves133€1.88M€2.13M▲
Amounts payable17/49€6.82M€6.47M▼
Amounts payable within one year42/48€6.79M€6.42M▼
Trade debts44€4.39M€4.17M▼
Suppliers440/4€4.39M€4.17M▼
Advances received on contracts in progress46€471k€307k▼
Taxes, remuneration and social security45€248k€136k▼
Taxes450/3€87k€21k▼
Remuneration and social security454/9€161k€116k▼
Other amounts payable47/48€1.68M€1.81M▲
Accrued charges and deferred income492/3€33k€48k▲
Income statement
Code20242025
Operating income70/76A€23.84M€26.65M▲
Turnover70€23.62M€25.57M▲
Other operating income74€223k€334k▲
Non-recurring operating income76A-€744k
Operating charges60/66A€22.57M€25.06M▲
Goods for resale, raw materials and consumables60€20.17M€21.87M▲
Purchases600/8€23.07M€20.79M▼
Change in stocks: decrease (increase)609€-2.90M€1.08M▲
Services and other goods61€1.17M€1.62M▲
Remuneration, social security and pensions62€948k€904k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€68k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€191k€-29k▼
Other operating charges640/8€25k€13k▼
Non-recurring operating charges66A-€609k
Operating profit (loss)9901€1.27M€1.60M▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Income from current assets751€34-
Other financial income752/9€2k€4k▲
Financial charges65/66B€82k€80k▼
Recurring financial charges65€82k€80k▼
Debt charges650€78k€76k▼
Other financial charges652/9€4k€4k▲
Profit (loss) for the period before taxes9903€1.19M€1.52M▲
Income taxes67/77€312k€393k▲
Taxes670/3€312k€393k▲
Profit (loss) for the period9904€880k€1.13M▲
Transfer to tax-exempt reserves689-€202k
Profit (loss) for the period to be appropriated9905€880k€925k▲
Appropriation of the result
Profit (loss) to be appropriated9906€880k€925k▲
Transfer to equity691/2€205k€250k▲
To other reserves6921€205k€250k▲
Profit to be distributed694/7€675k€675k=
Return on contributions (dividend)694€675k€675k=
Social balance
Average headcount (FTE)908712.711.9▼
The notes to these accounts (46 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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 12 days late
2025
31-12
Financial
Highest result since 2018net €1.13M ▲28%
Operating result €1.60M, net result €1.13M, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €2MEq €2.42M ▲21.9%
5 profitable years in a row build equity to €2.42M.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €53k ▼79.1%
Net result drops to €53k, the lowest in the series; recovery starts the following year.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Pelt · 3 establishment units since 2002
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.
Peerderbaan 1343910 PeltGround area
2.3 ha
Building footprint
5,667 m²
Volume, LiDAR
8,256 m³
3 parcels, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
3 establishment units
KIA
since 20022.111.024.658
Garage Lumens
since 20242.362.084.909
Garage Lumens
since 20242.362.085.008
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B0106/00P002 | Flanders | 1.1 ha | 1 · 1,607 m² | - |
| 72033B0832/00V003 | Flanders | 6,179 m² | 1 · 2,015 m² | - |
| 72402A0004/00L000 | Flanders | 5,925 m² | 1 · 2,045 m² | 6.0 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 9,157 EUR awarded · 5,849 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,689 EUR | 2,160 EUR |
| 2024 | 1 | 3,200 EUR | 2,505 EUR |
| 2023 | 1 | 1,060 EUR | 456 EUR |
| 2022 | 1 | 1,208 EUR | 728 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsAutotechnieken duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
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Of 10,674 companies in sector 47811 we hold annual accounts for 5,223. 2,067 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-1986
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50103
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.