GARAGE RENE
ActiveSummary
GARAGE RENE has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12k and a net result of €66k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency33▲+33
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 0.7 in 2023; short-term debt: 92.3% and cash: 59.9% of total assets), and 92.4% 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+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 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
7.6%
Return on assets
43.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
40 d early
2022
49 d early
2021
2 d early
2020
38 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€12k
2023 · €-54k
2018: €124k
2019: €59k
2020: €-25k
2021: €-85k
2022: €-110k
2023: €-54k
2018 → 2024
Total assets
€152k▲ 20.8%
2023 · €126k
2018: €237k
2019: €167k
2020: €186k
2021: €108k
2022: €90k
2023: €126k
2018 → 2024
Net result
€66k▲ 16.5%
2023 · €56k
2018: €-112k
2019: €-65k
2020: €-84k
2021: €-61k
2022: €-25k
2023: €56k
2018 → 2024
Working capital
€12k
2023 · €-54k
2018: €114k
2019: €53k
2020: €-28k
2021: €-87k
2022: €-110k
2023: €-54k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-25k-€-85k▼ 244%€-110k▼ 29.1%€-54k▲ 51.1%€12k
Operating result€-82k-€-59k▲ 27.7%€-23k▲ 61.3%€58k€68k▲ 16.0%
Net result€-84k-€-61k▲ 27.6%€-25k▲ 59.0%€56k€66k▲ 16.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 16% above 2023 and is the highest result in the available series.
Balance-sheet composition
Equity and liabilities €152k
Equity
€12k
Debt
€140k
Debt finances 92.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€68k▲
2023 · €58k
Cash flow
€66k▲
2023 · €56k
Current ratio
1.08▲
2023 · 0.70
Quick ratio
0.70▲
2023 · 0.47
Debt to equity
12.08▲
2023 · -3.33
ROE
564.2%
ROA
43.1%▼
2023 · 44.7%
Interest coverage
40.11▲
2023 · 34.73
Debt ≤ 1 year
€140k▼
2023 · €180k
Income taxes
€345▲
2023 · €324
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€126k€152k▲
Fixed assets21/28€0-
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Current assets29/58€126k€152k▲
Stocks and contracts in progress3€42k€54k▲
Stocks30/36€42k€54k▲
Amounts receivable within one year40/41€6k€1k▼
Trade receivables40€6k€1k▼
Other amounts receivable41€167€0▼
Cash at bank and in hand54/58€73k€91k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€126k€152k▲
Equity10/15€-54k€12k▲
Contributions10/11€19k€19k=
Reserves13€82k€82k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€71k€71k=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€-154k€-89k▲
Amounts payable17/49€180k€140k▼
Amounts payable within one year42/48€180k€140k▼
Trade debts44€13k€7k▼
Suppliers440/4€13k€7k▼
Advances received on contracts in progress46-€500
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€5k€6k▲
Other amounts payable47/48€161k€127k▼
Accrued charges and deferred income492/3€46€48▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€121€0▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k€-56▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€60k€73k▲
Operating profit (loss)9901€58k€68k▲
Financial income75/76B€9€5▼
Recurring financial income75€9€5▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€57k€66k▲
Income taxes67/77€324€345▲
Profit (loss) for the period9904€56k€66k▲
Profit (loss) for the period to be appropriated9905€56k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-154k€-89k▲
Profit (loss) brought forward from the previous period14P€-211k€-154k▲
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
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €66k ▲16.5%
Operating result €68k, net result €66k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €56k
Net result €56k after 5 loss-making years.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Mechelen · 1 establishment unit since 1984
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.
Geerdegem-Schonenberg 2422800 MechelenGround area
136 m²
Building footprint
135 m²
Volume, LiDAR
734 m³
Parcel 12403E0057/00R002, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Geerdegem-Schonenberg 242, 2800 Mechelen
since 19842.024.570.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0057/00R002 | Flanders | 136 m² | 1 · 135 m² | 6.7 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.
Similar companies · same sector, comparable size
SEB TRADING
BE 0444.753.809
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FRDDB SERVICES
BE 0541.384.219
Sint-Niklaas · Eq €11,603
MOTOR CHAU
BE 0770.536.227
Saint-Ghislain · Eq €11,632
PHILIPS CARS
BE 0456.817.639
Asse · Eq €11,598
K.E CARS
BE 0768.518.330
Meise · Eq €11,667
Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 2,218 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
Founded28-03-1984
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)
47820Retail sale of motor vehicle parts and accessories
47830Retail sale of motorcycles and motorcycle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.