GARAGE R. AELTERMAN
ActiveGARAGE R. AELTERMAN has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €216k and a net result of €48k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 38% of 7971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+5
Solvency57▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.03 in 2024; short-term debt: 54.6% and cash: 29.5% of total assets), and 67.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
32.3%
Return on assets
7.2%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
140 d early
2023
71 d early
2022
76 d early
2021
31 d late
2020
8 d early
2019
44 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€216k▲ 28.4%
2024 · €168k
2018: €112k
2019: €104k
2020: €124k
2021: €132k
2022: €138k
2023: €147k
2024: €168k
2018 → 2025
Total assets
€668k▲ 18.6%
2024 · €564k
2018: €549k
2019: €543k
2020: €667k
2021: €603k
2022: €568k
2023: €595k
2024: €564k
2018 → 2025
Net result
€48k▲ 130%
2024 · €21k
2018: €15k
2019: €-8k
2020: €21k
2021: €8k
2022: €6k
2023: €9k
2024: €21k
2018 → 2025
Working capital
€75k▲ 490%
2024 · €13k
2018: €298k
2019: €283k
2020: €76k
2021: €37k
2022: €33k
2023: €18k
2024: €13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€132k-€138k▲ 4.9%€147k▲ 6.5%€168k▲ 14.1%€216k▲ 28.4%
Operating result€14k-€13k▼ 5.0%€14k▲ 6.2%€32k▲ 124%€69k▲ 117%
Net result€8k-€6k▼ 14.6%€9k▲ 39.7%€21k▲ 131%€48k▲ 130%
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 117% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €668k
Fixed assets
€228k▲ 22.6%
Current assets
€440k▲ 16.6%
Equity and liabilities €668k
Equity
€216k▲ 28.4%
Debt
€452k▲ 14.4%
The debt ratio falls from 70.1% to 67.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€104k▲
2024 · €63k
Cash flow
€83k▲
2024 · €52k
Solvency
32.3%▲
2024 · 29.9%
Current ratio
1.21▲
2024 · 1.03
Quick ratio
0.57▲
2024 · 0.39
Debt / equity
2.09▼
2024 · 2.35
ROE
22.1%▲
2024 · 12.4%
ROA
7.2%▲
2024 · 3.7%
Interest coverage
20.10▲
2024 · 15.59
Debt
€452k▲
2024 · €395k
Debt ≤ 1 year
€365k▲
2024 · €365k
Debt > 1 year
€87k▲
2024 · €30k
Income taxes
€16k▲
2024 · €8k
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€564k€668k▲
Fixed assets21/28€186k€228k▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€184k€227k▲
Land and buildings22€127k€179k▲
Plant, machinery and equipment23€2k€4k▲
Furniture and vehicles24€55k€44k▼
Financial fixed assets28€15€15=
Current assets29/58€377k€440k▲
Stocks and contracts in progress3€236k€231k▼
Stocks30/36€236k€231k▼
Amounts receivable within one year40/41€5k€8k▲
Trade receivables40€4k€75▼
Other amounts receivable41€1k€8k▲
Cash at bank and in hand54/58€133k€197k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€564k€668k▲
Equity10/15€168k€216k▲
Contributions10/11€50k€50k=
Reserves13€118k€166k▲
Distributable reserves133€118k€166k▲
Amounts payable17/49€395k€452k▲
Amounts payable after more than one year17€30k€87k▲
Financial debts170/4€30k€87k▲
Amounts payable within one year42/48€365k€365k▲
Current portion of amounts payable after more than one year42€25k€24k▼
Trade debts44€6k€6k▲
Suppliers440/4€6k€6k▲
Advances received on contracts in progress46€14k€8k▼
Taxes, remuneration and social security45€5k€15k▲
Taxes450/3€5k€15k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€316k€311k▼
Accrued charges and deferred income492/3€107€186▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€35k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€67k€109k▲
Operating profit (loss)9901€32k€69k▲
Financial income75/76B€437€176▼
Recurring financial income75€437€176▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€28k€64k▲
Income taxes67/77€8k€16k▲
Profit (loss) for the period9904€21k€48k▲
Profit (loss) for the period to be appropriated9905€21k€48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€48k▲
Transfer to equity691/2€21k€48k▲
To other reserves6921€21k€48k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (21 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €48k ▲130%
Operating result €69k, net result €48k, both a record.
31-12
Financial
Equity above €200kEq €216k ▲28.4%
6 profitable years in a row build equity to €216k.
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150kEq €168k ▲14.1%
5 profitable years in a row build equity to €168k.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-8k ▼156%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2004
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.
Brugsevaart 1089030 GentGround area
975 m²
Building footprint
163 m²
Volume, LiDAR
511 m³
Parcel 44038A0125/00E004, Flanders · tallest building 4.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GARAGE R. AELTERMAN
since 20042.137.114.094
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0125/00E004 | Flanders | 975 m² | 1 · 163 m² | 4.9 m · 1 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.
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GARAGE OCC
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Of 2,128 companies in sector 46711 we hold annual accounts for 1,126. 749 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-2004
Fiscal year end31-12
Activities, NACEBEL
46711Wholesale of cars and light vans (up to 3.5 tonnes)
50101
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)
45310
47820Retail sale of motor vehicle parts and accessories
45402
46720Wholesale of motor vehicle parts and accessories
47830Retail sale of motorcycles and motorcycle parts and accessories
50103
50200
50301
50302
50400Inland freight water transport
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:09/233 44 98