Garage Neyt
ActiveGarage Neyt has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.26M and a net result of €906k. Equity is growing by ~65.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 4149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▲+12
Solvency38▲+1
Growth85=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.13 in 2024; short-term debt: 87% and cash: 0.6% of total assets), and 87.4% 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
12.6%
Return on assets
5.1%
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 23% of 4149 sector peers (2025).
NBB · sector comparisonPosition among 4149 sector peers
Solvency
better than 23%
← 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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
on the day
2023
on the day
2022
on the day
2021
16 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€29.98M▲ 42.6%
2024 · €21.03M
2022: €14.23M
2023: €19.34M
2024: €21.03M
2022 → 2025
EBIT margin
5.5%▲ 0.9pp
2024 · 4.6%
2022: 1.2%
2023: 5.3%
2024: 4.6%
2022 → 2025
Net result
€906k▲ 133%
2024 · €389k
2018: €-161k
2019: €36k
2020: €36k
2021: €44k
2022: €323k
2023: €454k
2024: €389k
2018 → 2025
Working capital
€1.96M▲ 51.4%
2024 · €1.30M
2018: €-55k
2019: €-81k
2020: €-81k
2021: €-84k
2022: €254k
2023: €810k
2024: €1.30M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€14.23M€19.34M▲ 35.8%€21.03M▲ 8.8%€29.98M▲ 42.6%
Equity€184k-€507k▲ 175%€961k▲ 89.5%€1.35M▲ 40.4%€2.26M▲ 67.2%
Operating result€187k-€167k▼ 10.4%€1.03M▲ 518%€961k▼ 7.0%€1.64M▲ 70.5%
Net result€44k-€323k▲ 637%€454k▲ 40.6%€389k▼ 14.4%€906k▲ 133%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 70% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.87M
Fixed assets
€356k▲ 24.6%
Current assets
€17.52M▲ 54.0%
Equity and liabilities €17.87M
Equity
€2.26M▲ 67.2%
Provisions
€0▼ 100%
Debt
€15.62M▲ 52.4%
The debt ratio falls from 87.9% to 87.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.76M▲
2024 · €1.07M
Cash flow
€1.03M▲
2024 · €497k
Solvency
12.6%▲
2024 · 11.6%
Current ratio
1.13▼
2024 · 1.13
Quick ratio
0.37▲
2024 · 0.27
Debt / equity
6.92▼
2024 · 7.59
ROE
40.2%▲
2024 · 28.8%
ROA
5.1%▲
2024 · 3.3%
Interest coverage
4.35▲
2024 · 2.52
Debt
€15.62M▲
2024 · €10.25M
Debt ≤ 1 year
€15.55M▲
2024 · €10.08M
Debt > 1 year
€29k▼
2024 · €92k
Income taxes
€311k▲
2024 · €158k
Staff costs
€2.19M▲
2024 · €1.53M
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€11.66M€17.87M▲
Fixed assets21/28€285k€356k▲
Tangible fixed assets22/27€284k€356k▲
Plant, machinery and equipment23€48k€64k▲
Furniture and vehicles24€6k€148k▲
Other tangible fixed assets26€230k€143k▼
Financial fixed assets28€1k€0▼
Affiliated companies280/1-€0
Participating interests280-€0
Current assets29/58€11.38M€17.52M▲
Stocks and contracts in progress3€8.61M€11.81M▲
Stocks30/36€8.61M€11.70M▲
Raw materials and consumables30/31-€8k
Goods purchased for resale34-€11.69M
Contracts in progress37-€118k
Amounts receivable within one year40/41€2.45M€5.60M▲
Trade receivables40€2.40M€5.40M▲
Other amounts receivable41€50k€196k▲
Cash at bank and in hand54/58€302k€107k▼
Deferred charges and accrued income490/1€17k€0▼
Equity and liabilities
Total equity and liabilities10/49€11.66M€17.87M▲
Equity10/15€1.35M€2.26M▲
Contributions10/11€62k€62k=
Reserves13€283k€283k=
Non-distributable reserves130/1€6k€0▼
Reserves not available under the articles1311€6k€0▼
Tax-exempt reserves132€211k€211k=
Distributable reserves133€66k€72k▲
Profit (loss) carried forward14€1.00M€1.91M▲
Provisions and deferred taxes16€66k€0▼
Provisions for liabilities and charges160/5€66k€0▼
Environmental obligations163€66k-
Other liabilities and charges164/5-€0
Amounts payable17/49€10.25M€15.62M▲
Amounts payable after more than one year17€92k€29k▼
Financial debts170/4€92k€29k▼
Credit institutions173-€29k
Amounts payable within one year42/48€10.08M€15.55M▲
Current portion of amounts payable after more than one year42€59k€50k▼
Financial debts43€4.89M€4.90M▲
Credit institutions430/8€4.89M€4.90M▲
Trade debts44€4.56M€10.24M▲
Suppliers440/4€4.56M€10.24M▲
Advances received on contracts in progress46€826€0▼
Taxes, remuneration and social security45€228k€361k▲
Taxes450/3€24k€176k▲
Remuneration and social security454/9€204k€185k▼
Other amounts payable47/48€346k€0▼
Accrued charges and deferred income492/3€76k€35k▼
Income statement
Code20242025
Operating income70/76A-€30.19M
Turnover70€21.03M€29.98M▲
Other operating income74-€191k
Non-recurring operating income76A-€13k
Operating charges60/66A-€28.55M
Goods for resale, raw materials and consumables60-€24.84M
Purchases600/8-€27.94M
Change in stocks: decrease (increase)609-€-3.10M
Services and other goods61-€1.54M
Remuneration, social security and pensions62€1.53M€2.19M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109k€123k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€-98k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€66k€-66k▼
Other operating charges640/8€23k€19k▼
Gross operating margin9900€2.70M-
Operating profit (loss)9901€961k€1.64M▲
Financial income75/76B€9k€552▼
Recurring financial income75€9k€552▼
Income from current assets751-€129
Other financial income752/9-€423
Financial charges65/66B€424k€422k▼
Recurring financial charges65€424k€422k▼
Debt charges650-€405k
Other financial charges652/9-€17k
Profit (loss) for the period before taxes9903€547k€1.22M▲
Income taxes67/77€158k€311k▲
Taxes670/3-€321k
Tax adjustments and reversals of tax provisions77-€10k
Profit (loss) for the period9904€389k€906k▲
Transfer to tax-exempt reserves689€211k€0▼
Profit (loss) for the period to be appropriated9905€178k€906k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.00M€1.91M▲
Profit (loss) brought forward from the previous period14P€827k€1.00M▲
Social balance
Average headcount (FTE)908721.021.1▲
The notes to these accounts (63 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
01-09
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative4 facts ▸
- General meeting, 2026-06-30
- Auditor appointment, Van de Vyver & Parmentier Bedrijfsrevisoren BV (commissaris)
- Permanent representative, Maximilien Van de Vyver
- Permanent representative, Benedictus De Groof
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €906k ▲133%
Operating result €1.64M, net result €906k, both a record.
31-12
Financial
Equity above €2MEq €2.26M ▲67.2%
7 profitable years in a row build equity to €2.26M.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €1MEq €1.35M ▲40.4%
6 profitable years in a row build equity to €1.35M.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €500kEq €507k ▲175%
4 profitable years in a row build equity to €507k.
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
30-09
Financial
Equity above €150kEq €184k ▲31.2%
3 profitable years in a row build equity to €184k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-12-2025
Glenn Neyt: Resigned as Director
18-12-2025
NV Promovip: Resigned as Director
11-01-2024
NEYT Emiel: Resigned as Manager
11-01-2024
NEYT Gentil: Resigned as Manager
Location & real-estate footprint
Registered office, Lokeren · 2 establishment units since 1975
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.
Gentse Steenweg 399160 LokerenGround area
9,730 m²
Building footprint
3,654 m²
Volume, LiDAR
19,599 m³
2 parcels, Flanders · tallest building 18.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Garage Neyt bv
since 19752.012.531.452
Garage Neyt bv
since 20052.145.092.741
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D0408/00A000 | Flanders | 5,475 m² | 1 · 1,596 m² | 18.4 m · 2 fl. |
| 42302E0001/00K002 | Flanders | 4,255 m² | 1 · 2,057 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Van de Vyver & Parmentier Bedrijfsrevisoren BVCurrent Statutory auditor · represented by Maximilien Van de Vyver | 30-06-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 787 EUR awarded · 787 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 40 EUR | 40 EUR |
| 2023 | 1 | 59 EUR | 59 EUR |
| 2022 | 1 | 688 EUR | 688 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300POR19RP6PX4206
Similar companies · same sector, comparable size
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CORNETTE AUTOMOTIVE
BE 0437.522.359
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Garage Decock
BE 0420.043.058
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The Trading Group
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Aarschot · Eq €2.24M
Of 10,672 companies in sector 47811 we hold annual accounts for 5,222. 2,242 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-12-1974
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 · 49 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.