GARAGE PASSION
ActiveGARAGE PASSION has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213k and a net result of €-76k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 10331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability1▼-4
Solvency64▼-15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity ample (current ratio 1.51 against 2.0 in 2024; short-term debt: 60.4% and cash: 4.3% of total assets), but 60.8% 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
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 · 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 (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-76k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
14 d early
2023
28 d late
2022
31 d early
2021
2 d late
2020
33 d early
2019
11 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.46M
EBIT margin
14.3%
Net result
€-76k▼ 27.5%
2024 · €-59k
2018: €109k
2019: €100k
2020: €148k
2021: €51k
2022: €18k
2023: €-29k
2024: €-59k
2018 → 2025
Working capital
€167k▼ 30.0%
2024 · €238k
2018: €38k
2019: €159k
2020: €325k
2021: €334k
2022: €359k
2023: €309k
2024: €238k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€359k-€377k▲ 5.1%€348k▼ 7.7%€289k▼ 17.0%€213k▼ 26.2%
Operating result€68k-€20k▼ 69.8%€-30k€-51k▼ 70.9%€-68k▼ 32.2%
Net result€51k-€18k▼ 64.6%€-29k€-59k▼ 104%€-76k▼ 27.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €68k in 2025 against €51k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €545k
Fixed assets
€49k▼ 22.9%
Current assets
€496k▲ 4.1%
Equity and liabilities €545k
Equity
€213k▼ 26.2%
Debt
€331k▲ 32.3%
The debt ratio rises from 46.4% to 60.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-54k▼
2024 · €-37k
Cash flow
€-61k▼
2024 · €-45k
Solvency
39.2%▼
2024 · 53.6%
Current ratio
1.51▼
2024 · 2.00
Quick ratio
0.46▼
2024 · 0.64
Debt / equity
1.55▲
2024 · 0.87
ROE
-35.4%▼
2024 · -20.5%
ROA
-13.9%▼
2024 · -11.0%
Interest coverage
-3.63▼
2024 · -2.73
Debt
€331k▲
2024 · €250k
Debt ≤ 1 year
€329k▲
2024 · €238k
Debt > 1 year
€852▼
2024 · €11k
Income taxes
€268▼
2024 · €279
Staff costs
€41k▲
2024 · €39k
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€540k€545k▲
Fixed assets21/28€63k€49k▼
Intangible fixed assets21€880€387▼
Tangible fixed assets22/27€58k€44k▼
Furniture and vehicles24€8k€3k▼
Other tangible fixed assets26€51k€42k▼
Financial fixed assets28€4k€4k▲
Current assets29/58€476k€496k▲
Stocks and contracts in progress3€323k€344k▲
Stocks30/36€323k€344k▲
Amounts receivable within one year40/41€7k€10k▲
Trade receivables40€7k€10k▲
Other amounts receivable41€5€8▲
Current investments50/53€117k€117k=
Cash at bank and in hand54/58€28k€23k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€540k€545k▲
Equity10/15€289k€213k▼
Contributions10/11€60k€60k=
Reserves13€317k€317k=
Non-distributable reserves130/1€117k€117k=
Reserves not available under the articles1311€117k€117k=
Distributable reserves133€201k€201k=
Profit (loss) carried forward14€-88k€-164k▼
Amounts payable17/49€250k€331k▲
Amounts payable after more than one year17€11k€852▼
Financial debts170/4€11k€852▼
Amounts payable within one year42/48€238k€329k▲
Current portion of amounts payable after more than one year42€19k€10k▼
Trade debts44€12k€25k▲
Suppliers440/4€12k€25k▲
Taxes, remuneration and social security45€16k€29k▲
Taxes450/3€11k€3k▼
Remuneration and social security454/9€5k€26k▲
Other amounts payable47/48€191k€265k▲
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€39k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€799€565▼
Other operating charges640/8€8k€929▼
Gross operating margin9900€11k€-11k▼
Operating profit (loss)9901€-51k€-68k▼
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€14k€15k▲
Recurring financial charges65€14k€15k▲
Profit (loss) for the period before taxes9903€-59k€-75k▼
Income taxes67/77€279€268▼
Profit (loss) for the period9904€-59k€-76k▼
Profit (loss) for the period to be appropriated9905€-59k€-76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-88k€-164k▼
Profit (loss) brought forward from the previous period14P€-29k€-88k▼
Social balance
Average headcount (FTE)90870.80.8=
The notes to these accounts (11 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-76k
Net result drops to €-76k, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €148k ▲48.5%
Operating result €209k, net result €148k, both a record.
31-12
Financial
Equity above €200kEq €308k ▲92.6%
3 profitable years in a row build equity to €308k.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €150kEq €160k ▲166%
2 profitable years in a row build equity to €160k.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Lasne · 1 establishment unit since 2008
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.
Chemin du Gros Tienne 591380 LasneGround area
1,564 m²
Building footprint
302 m²
Volume, LiDAR
1,866 m³
2 parcels, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GARAGE PASSION
since 20082.168.424.112
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076A0415/00N000 | Wallonia | 1,279 m² | 1 · 113 m² | 8.9 m · 3 fl. |
| 25033A0613/00A000 | Wallonia | 285 m² | 1 · 189 m² | 12.0 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.
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DRAAIF
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Of 1,128 companies in sector 47830 we hold annual accounts for 468. 381 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-02-2008
Fiscal year end31-12
Activities, NACEBEL
45402
47632Retail sale of bicycles
47785Retail trade
47830Retail sale of motorcycles and motorcycle parts and accessories
47820Retail sale of motor vehicle parts and accessories
46644Wholesale trade
46841Wholesale trade
47400Retail sale of information and communication equipment
47430Retail trade
47525Retail trade
47551Retail sale of household furniture
47591Retail trade
47639Retail sale of other sporting goods
47640Retail trade
47742Retail sale of prescription glasses, lenses and sunglasses
47782Retail trade
47789Other retail sale of new goods
47811Retail sale of cars and light vans (up to 3.5 tonnes)
52100Warehousing and storage
68203Renting and operating of own or leased non-residential real estate, excluding land
77221Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
95290Repair and maintenance of other personal and household goods
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@garagepassion.com
Phone:02/6534515
Fax:02/6534315