GARAGE PALERMO
ActiveSummary
GARAGE PALERMO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.22M and a net result of €247k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 1037 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+3
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 5.14 against 4.07 in 2024; short-term debt: 17.3% and cash: 18% of total assets), and 22.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
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
77.3%
Return on assets
8.6%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
28 d late
2023
1 d early
2022
5 d early
2021
1 d late
2020
11 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.22M▲ 12.5%
2024 · €1.98M
2019: €1.49M
2020: €1.48M
2021: €1.60M
2022: €1.67M
2023: €1.82M
2024: €1.98M
2019 → 2025
Total assets
€2.88M▲ 6.8%
2024 · €2.69M
2019: €2.45M
2020: €2.44M
2021: €2.25M
2022: €2.30M
2023: €2.48M
2024: €2.69M
2019 → 2025
Net result
€247k▲ 65.8%
2024 · €149k
2019: €81k
2020: €-14k
2021: €120k
2022: €74k
2023: €148k
2024: €149k
2019 → 2025
Working capital
€2.05M▲ 17.5%
2024 · €1.75M
2019: €911k
2020: €900k
2021: €1.08M
2022: €1.20M
2023: €1.38M
2024: €1.75M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.60M-€1.67M▲ 4.6%€1.82M▲ 8.8%€1.98M▲ 8.5%€2.22M▲ 12.5%
Operating result€187k-€116k▼ 38.0%€234k▲ 102%€302k▲ 29.3%€389k▲ 28.7%
Net result€120k-€74k▼ 38.4%€148k▲ 101%€149k▲ 0.8%€247k▲ 65.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.88M
Fixed assets
€327k ▼ 13.3%
Current assets
€2.55M ▲ 10.0%
Equity and liabilities €2.88M
Equity
€2.22M ▲ 12.5%
Provisions
€124k ▲ 8.8%
Debt
€528k ▼ 12.5%
Debt's share of the balance-sheet total falls from 22.4% to 18.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€460k▲
2024 · €370k
Cash flow
€318k▲
2024 · €217k
Current ratio
5.14▲
2024 · 4.07
Quick ratio
1.25▼
2024 · 1.43
Debt to equity
0.24▼
2024 · 0.31
ROE
11.1%▲
2024 · 7.5%
ROA
8.6%▲
2024 · 5.5%
Interest coverage
17.06▲
2024 · 6.05
Debt ≤ 1 year
€496k▼
2024 · €570k
Income taxes
€121k▲
2024 · €92k
Staff costs
€156k▲
2024 · €133k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.69M€2.88M▲
Fixed assets21/28€377k€327k▼
Tangible fixed assets22/27€371k€321k▼
Land and buildings22€335k€295k▼
Plant, machinery and equipment23€25k€18k▼
Furniture and vehicles24€10k€8k▼
Financial fixed assets28€6k€6k=
Current assets29/58€2.32M€2.55M▲
Stocks and contracts in progress3€1.50M€1.93M▲
Stocks30/36€1.50M€1.93M▲
Amounts receivable within one year40/41€206k€83k▼
Trade receivables40€136k€82k▼
Other amounts receivable41€70k€470▼
Current investments50/53€0-
Cash at bank and in hand54/58€602k€517k▼
Deferred charges and accrued income490/1€7k€20k▲
Equity and liabilities
Total equity and liabilities10/49€2.69M€2.88M▲
Equity10/15€1.98M€2.22M▲
Contributions10/11€20k€20k=
Reserves13€1.92M€2.17M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€94k€83k▼
Distributable reserves133€1.83M€2.09M▲
Profit (loss) carried forward14€32k€32k=
Provisions and deferred taxes16€114k€124k▲
Provisions for liabilities and charges160/5€83k€99k▲
Other liabilities and charges164/5€83k€99k▲
Deferred taxes168€31k€25k▼
Amounts payable17/49€603k€528k▼
Amounts payable within one year42/48€570k€496k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€41k€32k▼
Suppliers440/4€41k€32k▼
Advances received on contracts in progress46€51k€250▼
Taxes, remuneration and social security45€127k€106k▼
Taxes450/3€109k€90k▼
Remuneration and social security454/9€18k€16k▼
Other amounts payable47/48€351k€358k▲
Accrued charges and deferred income492/3€33k€32k▼
Income statement
Code20242025
Non-recurring operating income76A€11k€0▼
Remuneration, social security and pensions62€133k€156k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€71k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k€-7k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€83k€16k▼
Other operating charges640/8€22k€30k▲
Gross operating margin9900€623k€654k▲
Operating profit (loss)9901€302k€389k▲
Financial income75/76B€481€258▼
Recurring financial income75€481€258▼
Financial charges65/66B€61k€27k▼
Recurring financial charges65€61k€27k▼
Profit (loss) for the period before taxes9903€241k€362k▲
Transfer from deferred taxes780€0€6k▲
Income taxes67/77€92k€121k▲
Profit (loss) for the period9904€149k€247k▲
Transfer from tax-exempt reserves789€17k€11k▼
Profit (loss) for the period to be appropriated9905€167k€258k▲
Appropriation of the result
Profit (loss) to be appropriated9906€199k€291k▲
Profit (loss) brought forward from the previous period14P€32k€32k=
Transfer to equity691/2€167k€258k▲
To other reserves6921€167k€258k▲
Social balance
Average headcount (FTE)90873.33.3=
The notes to these accounts (9 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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
30-06
Financial
Highest result since 2019net €247k ▲65.8%
Operating result €389k, net result €247k, both a record.
30-06
Financial
Equity above €2MEq €2.22M ▲12.5%
5 profitable years in a row build equity to €2.22M.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
30-06
Financial
Back to profitnet €120k
Net result €120k after one loss-making year.
11-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 11 days late
2020
30-06
Financial
Weakest financial yearnet €-14k ▼117%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
14-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Wevelgem · 1 establishment unit since 2001
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.
Kezelberg 118560 WevelgemGround area
6,398 m²
Building footprint
2,431 m²
Volume, LiDAR
13,794 m³
Parcel 34029C0831/00W000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GARAGE PALERMO BVBA
since 20012.103.220.316
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34029C0831/00W000 | Flanders | 6,398 m² | 1 · 2,431 m² | 10.3 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 3,251 EUR awarded · 3,251 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 2,356 EUR | 2,356 EUR |
| 2023 | 1 | 356 EUR | 356 EUR |
| 2022 | 1 | 539 EUR | 539 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
967600OUHXTQTOL9VS09
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Of 7,375 companies in sector 95311 we hold annual accounts for 2,959. 1,201 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2000
Fiscal year end30-06
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.