GARAGE SAP
ActiveGARAGE SAP has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €82k and a net result of €-619. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 46% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability40▲+3
Solvency53▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.64 in 2023; short-term debt: 8.3% and cash: 0.1% of total assets), and 72.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
27.8%
Return on assets
-0.2%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 23-06-2025, 38 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
33 d early
2022
38 d early
2021
23 d late
2020
30 d early
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€82k▼ 0.7%
2023 · €83k
2019: €39k
2020: €85k
2021: €85k
2022: €85k
2023: €83k
2019 → 2024
Total assets
€296k▼ 7.5%
2023 · €321k
2019: €350k
2020: €377k
2021: €357k
2022: €339k
2023: €321k
2019 → 2024
Net result
€-619▲ 61.9%
2023 · €-2k
2019: €21k
2020: €46k
2021: €62
2022: €-458
2023: €-2k
2019 → 2024
Working capital
€-23k▼ 136%
2023 · €-10k
2019: €-7k
2020: €28k
2021: €16k
2022: €4k
2023: €-10k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€85k-€85k▲ 0.1%€85k▼ 0.5%€83k▼ 1.9%€82k▼ 0.7%
Operating result€32k-€5k▼ 82.9%€5k▼ 14.7%€3k▼ 31.4%€4k▲ 23.7%
Net result€46k-€62▼ 99.9%€-458€-2k▼ 254%€-619▲ 61.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 24% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €296k
Fixed assets
€295k▼ 2.7%
Current assets
€2k▼ 90.3%
Equity and liabilities €296k
Equity
€82k▼ 0.7%
Debt
€214k▼ 9.9%
The debt ratio falls from 74.1% to 72.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▲
2023 · €11k
Cash flow
€8k▲
2023 · €7k
Solvency
27.8%▲
2023 · 25.9%
Current ratio
0.07▼
2023 · 0.64
Quick ratio
0.07▼
2023 · 0.64
Debt / equity
2.60▼
2023 · 2.86
ROE
-0.8%▲
2023 · -2.0%
ROA
-0.2%▲
2023 · -0.5%
Interest coverage
2.62▲
2023 · 2.29
Debt
€214k▼
2023 · €238k
Debt ≤ 1 year
€25k▼
2023 · €27k
Debt > 1 year
€189k▼
2023 · €210k
Staff costs
€415
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€321k€296k▼
Fixed assets21/28€303k€295k▼
Tangible fixed assets22/27€203k€195k▼
Land and buildings22€203k€195k▼
Financial fixed assets28€100k€100k=
Current assets29/58€18k€2k▼
Amounts receivable within one year40/41€12k€948▼
Other amounts receivable41€12k€948▼
Cash at bank and in hand54/58€6k€420▼
Deferred charges and accrued income490/1€227€345▲
Equity and liabilities
Total equity and liabilities10/49€321k€296k▼
Equity10/15€83k€82k▼
Contributions10/11€19k€19k=
Reserves13€67k€67k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€67k€67k=
Profit (loss) carried forward14€-2k€-3k▼
Amounts payable17/49€238k€214k▼
Amounts payable after more than one year17€210k€189k▼
Financial debts170/4€210k€189k▼
Amounts payable within one year42/48€27k€25k▼
Current portion of amounts payable after more than one year42€20k€21k▲
Trade debts44€47€385▲
Suppliers440/4€47€385▲
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Income statement
Code20232024
Remuneration, social security and pensions62-€415
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€3k€2k▼
Gross operating margin9900€15k€15k▲
Operating profit (loss)9901€3k€4k▲
Financial income75/76B€157€74▼
Recurring financial income75€157€74▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€-2k€-619▲
Profit (loss) for the period9904€-2k€-619▲
Profit (loss) for the period to be appropriated9905€-2k€-619▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-3k▼
Profit (loss) brought forward from the previous period14P€-458€-2k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €46k ▲122%
Operating result €32k, net result €46k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.24
Current ratio from 0.66 to 2.24.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Alveringem · 1 establishment unit since 2018
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.
Hoogstadestraat 638690 AlveringemGround area
1,428 m²
Building footprint
860 m²
Volume, LiDAR
4,095 m³
Parcel 38011B0268/00D002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GARAGE SAP
since 20182.275.101.148
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38011B0268/00D002 | Flanders | 1,428 m² | 1 · 860 m² | 10.3 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.
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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
Founded28-03-2018
Fiscal year end31-12
Activities, NACEBEL
45402
47830Retail sale of motorcycles and motorcycle parts and accessories
47820Retail sale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.