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Garage Pax

Active
Public limited companyfounded 1979active for 47 yearsEsperantolaan 12, 3300 Tienen, BelgiumKBO/BCE: BE 0419.607.350
Summary

Garage Pax has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,262 and a net result of €62,301. Equity is shrinking by about 15% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 14% of 9,760 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisFollow ReportCompare
Garage PaxActiveChecked score 80/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46712
8th oldest company in Tienen, Wholesale and retail trade sector1 site
Size
€2.9mtotal assets 2025
Staff
2.8 FTE
Equity
€86,262
Profit
€62,301
Turnover not published (abbreviated format)
Financial health
80 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
  • Trucklink LtdDirector · permanent representative Constantinus KALAITZIS
  • Hall-ImmoDirector · permanent representative Marie-Paul Roux
  • Paul QuintensManaging director
2025 accounts 8 days early5 of 10 deeds summarised
Why 80raises riskEquity €86,262 (2.9% of total assets)Liquidity: current ratio 0.90, cash €20,199, halvedSector: Wholesale trade (NACE 46)lowers riskSize: 2.8 FTE, total assets €2.9mShow the evidence

Checked score

Score 2025
80 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 40% of its sector peers (NACE 46, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 28+2
equity 2.9% of total assets
Liquidity 3-44
short-term debt 86.9% · cash 0.7%
Profitability 48+48
return on assets 2.1%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,871 companies, NACE 46, micro)
Last 24 months 11-2024: 0.5%lowest value 12-2024: 0.5%● unchanged vs 11-2024lowest value 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.7%▲ +0.2 percentage points vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.8%▲ +0.1 percentage points vs 03-2025 05-2025: 1.4%▲ +0.6 percentage points vs 04-2025 06-2025: 1.4%● unchanged vs 05-2025 07-2025: 1.4%● unchanged vs 06-2025 08-2025: 1.4%● unchanged vs 07-2025 09-2025: 1.4%● unchanged vs 08-2025 10-2025: 1.4%● unchanged vs 09-2025 11-2025: 1.4%● unchanged vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.4%● unchanged vs 12-2025 02-2026: 1.5%▲ +0.1 percentage points vs 01-2026 03-2026: 1.6%▲ +0.1 percentage points vs 02-2026 04-2026: 1.7%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 1.1%▼ -0.6 percentage points vs 04-2026 06-2026: 0.5%▼ -0.6 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.9, compared with 0.79 in 2024, below 1; short-term debt: 86.9% and cash: 0.7% of total assets), and 97.1% of the assets are financed with debt and provisions.
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 46, micro): better than 18% on solvency, 6% on liquidity, 37% on profitability and 97% on growth.

The bankruptcy probability was computed on 24-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Equity €86,262 (2.9% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.90, cash €20,199, halved
NBB · annual accounts
lowers risk · Size: 2.8 FTE, total assets €2.9m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Wholesale trade (NACE 46)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 9760 sector peers (2025).
NBB · sector comparison
Position among 9760 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-04-2026, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
8 days early
2024
8 days early
2023
4 days early
2022
9 days early
2021
9 days early
2020
on the day
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 5 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 22 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end25-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointments: Paul Quintens (director) and Hall-Immo…Permanent representative: Marie-Paul Roux
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Back to profitnet €62,301

Key points

  • Positive: Equity rose in 2025from €23,961 to €86,262 ▲ 260% View
  • Caution: Among the weakest 14% on solvencysector median 43.1% · 9,760 companies 2.9% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • New directorslatest change 27-05-2026 · 3 in office 2 joined View
  • Active since 1979founded 15-06-1979 47 years View

By topic

Financials

Financial year
2025
Total assets
€2.9m
Profit
€62,301
Solvency
2.9%
Total assets▲ 46.3%
Net result
20192025
Go to Financials

Board & ownership

Board
3 members
  • Trucklink LtdDirector
  • Hall-ImmoDirector
  • Paul QuintensManaging director
Go to Board & ownership

Timeline

Events
52
Since
1981
Next accounts
by 30-04-2027
  1. 22-04-2025Annual accounts filed
  2. 30-09-2024Weakest financial year
  3. 13-09-2024Restructuring
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46712
Founded
15-06-1979
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
20
Annual meeting
First Friday of March at 17:00
Purpose
“De aan- en verkoop van alle met brandstof of andere energie aangedreven bewegend…” (deed in Dutch)
Go to Articles of association

Key facts about Garage Pax

What is the company number of Garage Pax?
0419.607.350. In Belgium the VAT number is the company number with BE in front: BE 0419.607.350.
Where is Garage Pax based?
The registered office is at Esperantolaan 12, 3300 Tienen.Company details
What does Garage Pax do?
According to the KBO register, the main activity is wholesale trade (NACE 46712).
What is the legal form of Garage Pax?
Public limited company (NV).
When was Garage Pax founded?
On 15-06-1979.
Is Garage Pax still active?
Yes, Garage Pax is an active enterprise in the KBO register.
How many employees does Garage Pax have?
On average 2.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Garage Pax?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Garage Pax profitable?
In financial year 2025, Garage Pax made a profit of €62,301.
Where can I find the annual accounts of Garage Pax?
Garage Pax filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Garage Pax due?
By 30-04-2027, for financial year 2026.Timeline

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