Garage Mécanocar
ActiveSummary
Garage Mécanocar has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €227k and a net result of €-113k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▼-32
Solvency95▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity ample (current ratio 3.19 against 4.18 in 2023; short-term debt: 29.6% and cash: 3.5% of total assets), and 30.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
69.9%
Return on assets
-34.7%
Age of the figures
21 mo
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-01-2026, 181 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
181 d late
2023
61 d late
2022
65 d late
2021
46 d late
2020
88 d late
2019
81 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-113k
2023 · €49k
2018: €29k
2019: €34k
2020: €77k
2021: €34k
2022: €46k
2023: €49k
2018 → 2024
Working capital
€211k▼ 35.7%
2023 · €328k
2018: €88k
2019: €116k
2020: €198k
2021: €236k
2022: €284k
2023: €328k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€212k-€246k▲ 16.1%€291k▲ 18.6%€340k▲ 16.7%€227k▼ 33.2%
Operating result€101k-€47k▼ 53.9%€57k▲ 22.8%€62k▲ 8.1%€27k▼ 55.7%
Net result€77k-€34k▼ 55.4%€46k▲ 33.6%€49k▲ 6.7%€-113k
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €325k
Fixed assets
€18k ▼ 13.3%
Current assets
€307k ▼ 28.8%
Equity and liabilities €325k
Equity
€227k ▼ 33.2%
Debt
€98k ▼ 12.5%
The debt ratio rises from 24.8% to 30.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€35k▼
2023 · €69k
Cash flow
€-105k▼
2023 · €56k
Current ratio
3.19▼
2023 · 4.18
Quick ratio
3.00▼
2023 · 3.97
Debt / equity
0.43▲
2023 · 0.33
ROE
-49.7%▼
2023 · 14.3%
ROA
-34.7%▼
2023 · 10.8%
Interest coverage
42.80▼
2023 · 92.52
Debt ≤ 1 year
€96k▼
2023 · €103k
Debt > 1 year
€2k▼
2023 · €9k
Income taxes
€5k▼
2023 · €12k
Staff costs
€12k▼
2023 · €14k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€452k€325k▼
Fixed assets21/28€21k€18k▼
Tangible fixed assets22/27€21k€18k▼
Land and buildings22€356€3▼
Plant, machinery and equipment23€21k€18k▼
Furniture and vehicles24€0€0=
Current assets29/58€431k€307k▼
Stocks and contracts in progress3€21k€18k▼
Stocks30/36€21k€18k▼
Amounts receivable within one year40/41€389k€277k▼
Trade receivables40€253k€277k▲
Other amounts receivable41€136k-
Cash at bank and in hand54/58€21k€11k▼
Equity and liabilities
Total equity and liabilities10/49€452k€325k▼
Equity10/15€340k€227k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€332k€219k▼
Amounts payable17/49€112k€98k▼
Amounts payable after more than one year17€9k€2k▼
Financial debts170/4€9k€2k▼
Amounts payable within one year42/48€103k€96k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€89k€88k▼
Suppliers440/4€89k€88k▼
Taxes, remuneration and social security45€8k€1k▼
Taxes450/3€8k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62€14k€12k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€358€73▼
Gross operating margin9900€83k€47k▼
Operating profit (loss)9901€62k€27k▼
Financial income75/76B€226€0▼
Recurring financial income75€226€0▼
Financial charges65/66B€800€135k▲
Recurring financial charges65€742€821▲
Non-recurring financial charges66B€58€134k▲
Profit (loss) for the period before taxes9903€61k€-108k▼
Income taxes67/77€12k€5k▼
Profit (loss) for the period9904€49k€-113k▼
Profit (loss) for the period to be appropriated9905€49k€-113k▼
Appropriation of the result
Profit (loss) to be appropriated9906€332k€219k▼
Profit (loss) brought forward from the previous period14P€283k€332k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 181 days late
2024
31-12
Financial
Weakest financial yearnet €-113k ▼332%
Net result drops to €-113k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Highest result since 2018net €77k ▲123%
Operating result €101k, net result €77k, both a record.
31-12
Financial
Equity above €200kEq €212k ▲56.8%
3 profitable years in a row build equity to €212k.
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
04-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 96 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
15-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 137 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Tubize · 1 establishment unit since 2009
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.
Route Provinciale 1211480 TubizeGround area
1,856 m²
Building footprint
322 m²
Volume, LiDAR
1,813 m³
Parcel 25019B0270/00A000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Garage Mécanocar
since 20092.175.935.474
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25019B0270/00A000 | Wallonia | 1,856 m² | 1 · 322 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WIJSS
BE 0877.051.729
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AUTO FORTIS
BE 0475.422.536
Sint-Jans-Molenbeek · Eq €228k
Leo Peeters Mechelen
BE 0442.537.160
Mechelen · Eq €226k
Répare Jante
BE 0849.557.771
Bernissart · Eq €228k
MAICO CARS
BE 0863.862.895
Lokeren · Eq €226k
Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 3,717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-2009
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
45112
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
45204
95319Other maintenance and repair of motor vehicles
45402
46180Agents specialised in the wholesale of other particular products
47830Retail sale of motorcycles and motorcycle parts and accessories
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.