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GARAGE OTTA

Active
Private limited companyfounded 2021active for 5 yearsPegasuslaan 5, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0769.940.963
Summary

The computed 12-month bankruptcy probability of GARAGE OTTA is 6.0% (elevated). The 2024 annual accounts show negative equity (-€11,081) and a net result of €3,379. Equity is growing by about 23% per year across the filed financial years. The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
€24,273total assets 2024
Equity
-€11,081
Profit
€3,379
Turnover not published (abbreviated format)
Financial health
37 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
6.0%
Structure
Accounts 71 days overdue2 of 3 deeds read
Why 37raises riskFigures for financial year 2024 (filed 17-06-2025)1 change of registered office in 24 monthsFounded in 20211 financial year not filed after the legal deadlineShow the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 44% of its sector peers (NACE 95, micro)
Financial strength · tick = 2023
Average
Solvency 0=
equity -45.7% of total assets
Liquidity 35+10
short-term debt 145.7% · cash 28.3%
Profitability 86-6
return on assets 13.9%
Bankruptcy probability, 12 months
6.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (5,115 companies, NACE 95, micro)
Last 24 months 11-2024: 1.5% 12-2024: 1.5%● unchanged vs 11-2024 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.2%▼ -0.3 percentage points vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.3%▲ +0.1 percentage points vs 04-2025 06-2025: 1.3%● unchanged vs 05-2025 07-2025: 1.1%▼ -0.2 percentage points vs 06-2025lowest value 08-2025: 1.1%● unchanged vs 07-2025lowest value 09-2025: 1.1%● unchanged vs 08-2025lowest value 10-2025: 1.1%● unchanged vs 09-2025lowest value 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.7%▲ +0.6 percentage points vs 11-2025 01-2026: 1.6%▼ -0.1 percentage points vs 12-2025 02-2026: 1.6%● unchanged vs 01-2026 03-2026: 1.7%▲ +0.1 percentage points vs 02-2026 04-2026: 1.8%▲ +0.1 percentage points vs 03-2026 05-2026: 2.3%▲ +0.5 percentage points vs 04-2026 06-2026: 2.3%● unchanged vs 05-2026 07-2026: 2.3%● unchanged vs 06-2026 08-2026: 3.1%▲ +0.8 percentage points vs 07-2026 09-2026: 3.7%▲ +0.6 percentage points vs 08-2026 10-2026: 6.0%▲ +2.3 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.44, compared with 0.56 in 2023; short-term debt: 145.7% and cash: 28.3% of total assets), and equity is negative.
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 95, micro): better than 6% on solvency, 27% on liquidity, 74% on profitability and 71% on growth.

The bankruptcy probability was computed on 09-10-2026 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).

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Signals

Five signals.
raises riskneutral
raises risk · Figures for financial year 2024 (filed 17-06-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Founded in 2021
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline
NBB · filings
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
44 days early
2023
41 days early
2022
16 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointment: Zouhair Fathallah (director)Resignation: Ghelimi Hamada Mohamed (director)…
  2. Appointment: Ghelimi Hamada Mohamed (director)Resignations: Kbir Bounekoub Hautman (director)…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€11,081 View
  • Caution: Board changedlatest change 19-03-2026 · 1 in office 1 joined · 3 left View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View

By topic

Financials

Financial year
2024
Total assets
€24,273
Profit
€3,379
Solvency
-45.7%
Total assets▲ 33.3%
Net result
20222024
Go to Financials

Timeline

Events
7
Since
2023
  1. 31-12-2024Highest result from 2022 to 2024
  2. 20-06-2024Annual accounts filed
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Founded
22-06-2021
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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