GARAGE PAPY ET FILS
ActiveSummary
GARAGE PAPY ET FILS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €39k and a net result of €-23k. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 38% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
33
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability5▲+5
Solvency44▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.64 against 0.72 in 2023; short-term debt: 80.6% and cash: 4.9% of total assets), and 81.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
18.5%
Return on assets
-11%
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-23k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
12 d late
2023
1 d early
2022
38 d early
2021
4 d early
2020
59 d late
2019
66 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-23k▲ 40.7%
2023 · €-39k
2018: €28k
2019: €13k
2020: €881
2021: €-51k
2022: €19k
2023: €-39k
2018 → 2024
Working capital
€-62k▼ 31.4%
2023 · €-47k
2018: €54k
2019: €59k
2020: €73k
2021: €-15k
2022: €-5k
2023: €-47k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€134k-€83k▼ 38.3%€102k▲ 23.3%€63k▼ 38.6%€39k▼ 37.2%
Operating result€11k-€-42k€23k€-36k€-16k▲ 55.8%
Net result€881-€-51k€19k€-39k€-23k▲ 40.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2024 against €36k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €213k
Fixed assets
€103k ▼ 7.9%
Current assets
€110k ▼ 10.3%
Equity and liabilities €213k
Equity
€39k ▼ 37.2%
Debt
€173k ▲ 1.1%
Debt's share of the balance-sheet total rises from 73.2% to 81.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▲
2023 · €-25k
Cash flow
€-14k▲
2023 · €-28k
Current ratio
0.64▼
2023 · 0.72
Quick ratio
0.20▲
2023 · 0.17
Debt to equity
4.40▲
2023 · 2.73
ROE
-59.3%▲
2023 · -62.8%
ROA
-11.0%▲
2023 · -16.8%
Interest coverage
-0.94▲
2023 · -7.20
Debt ≤ 1 year
€171k▲
2023 · €169k
Debt > 1 year
€2k▼
2023 · €2k
Staff costs
€98k▲
2023 · €57k
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€234k€213k▼
Fixed assets21/28€112k€103k▼
Tangible fixed assets22/27€112k€103k▼
Land and buildings22€68k€68k=
Plant, machinery and equipment23€6k€2k▼
Furniture and vehicles24€2k€351▼
Other tangible fixed assets26€36k€32k▼
Financial fixed assets28€149€149=
Current assets29/58€122k€110k▼
Stocks and contracts in progress3€94k€75k▼
Stocks30/36€94k€75k▼
Amounts receivable within one year40/41€23k€24k▲
Trade receivables40€14k€9k▼
Other amounts receivable41€9k€15k▲
Cash at bank and in hand54/58€4k€10k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€234k€213k▼
Equity10/15€63k€39k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€42k€19k▼
Amounts payable17/49€171k€173k▲
Amounts payable after more than one year17€2k€2k▼
Financial debts170/4€2k€2k▼
Amounts payable within one year42/48€169k€171k▲
Current portion of amounts payable after more than one year42€14k€4k▼
Financial debts43€32k€30k▼
Credit institutions430/8€32k€30k▼
Trade debts44€84k€63k▼
Suppliers440/4€84k€54k▼
Bills of exchange payable441-€10k
Taxes, remuneration and social security45€5k€20k▲
Taxes450/3€1k€10k▲
Remuneration and social security454/9€4k€11k▲
Other amounts payable47/48€34k€53k▲
Income statement
Code20232024
Non-recurring operating income76A-€896
Remuneration, social security and pensions62€57k€98k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€9k▼
Other operating charges640/8€9k€10k▲
Non-recurring operating charges66A€2k€1k▼
Gross operating margin9900€43k€103k▲
Operating profit (loss)9901€-36k€-16k▲
Financial income75/76B€226-
Recurring financial income75€226-
Financial charges65/66B€3k€7k▲
Recurring financial charges65€3k€7k▲
Profit (loss) for the period before taxes9903€-39k€-23k▲
Income taxes67/77€133-
Profit (loss) for the period9904€-39k€-23k▲
Profit (loss) for the period to be appropriated9905€-39k€-23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€19k▼
Profit (loss) brought forward from the previous period14P€82k€42k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-12
Financial
Equity above €100kEq €102k ▲23.3%
Equity rises from €83k to €102k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-51k ▼5920%
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ham-sur-Heure-Nalinnes · 1 establishment unit since 2012
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.
Rue Baudouin Leprince(JAM) 246120 Ham-sur-Heure-NalinnesGround area
1,157 m²
Building footprint
138 m²
Volume, LiDAR
1,074 m³
Parcel 56037B0090/00F000, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GARAGE PAPY ET FILS
since 20122.211.122.918
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56037B0090/00F000 | Wallonia | 1,157 m² | 1 · 138 m² | 9.5 m · 3 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
AUTOp Services
BE 0502.256.595
Sint-Jans-Molenbeek · Eq €39,335
BM MOTORS
BE 0476.678.883
Nazareth-De Pinte · Eq €39,418
ROLIDAS
BE 0507.588.429
Anderlecht · Eq €39,198
BAHN MOTORS
BE 0797.824.802
Courcelles · Eq €39,508
Garage De Vuyst
BE 0467.151.604
Antwerpen · Eq €39,540
Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 3,172 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
Founded18-07-2012
Fiscal year end31-12
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)
95313Repair and fitting of specific motor vehicle parts
95315Tyre services
47820Retail sale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.