GARAGE TOBY
ActiveSummary
The computed 12-month bankruptcy probability of GARAGE TOBY is 3.3% (moderate). The 2024 annual accounts show equity of €73,633 and a net result of -€9,978. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 26,061 sector peers (NACE 47, fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
- Staff
- 1.5 FTE
- Equity
- €73,633
- Loss
- -€9,978
Why 49- Figures for FY 2024 (filed 14-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 105 days late; 3 of the last 3 late- Liquidity: current ratio 0.58, cash €5,207+ Founded in 2000Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro): better than 36% on solvency, 23% on liquidity, 35% on profitability and 24% on growth.
The bankruptcy probability was computed on 08-10-2026 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
This company filed its last 6 accounts on average 73 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Back to profitnet €30,294
Financials · fiscal year 2024, micro schema
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result turns negative in 2024: a loss of €6,461 after €35,686 in 2023.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same schema, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,450 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €74,257 | €52,434 | €59,178 | €63,802 | ▲ 7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,144 | €29,168 | €30,227 | €32,141 | €39,847 | €34,626 | €37,967 | ▲ 9.6% |
| Other operating charges640/8 | - | - | - | €592 | €727 | €3,314 | €1,017 | ▼ 69.3% |
| Gross operating margin9900 | €111,005 | €146,942 | €108,289 | €72,179 | €84,144 | €132,804 | €96,324 | ▼ 27.5% |
| Operating profit (loss)9901 | €45,191 | €59,195 | €31,723 | -€34,811 | -€8,865 | €35,686 | -€6,461 | ▼ 118% |
| Financial income75/76B | - | - | - | €2,069 | €2,321 | €3,807 | €5,217 | ▲ 37.0% |
| Recurring financial income75 | €1,983 | €1,790 | €2,128 | €2,069 | €2,321 | €3,807 | €5,217 | ▲ 37.0% |
| Financial charges65/66B | - | - | - | €11,038 | €10,118 | €9,199 | €7,938 | ▼ 13.7% |
| Recurring financial charges65 | €12,968 | €12,219 | €9,311 | €11,038 | €10,118 | €9,199 | €7,938 | ▼ 13.7% |
| Profit (loss) for the period before taxes9903 | €35,751 | €50,311 | €24,701 | -€43,780 | -€16,661 | €30,294 | -€9,182 | ▼ 130% |
| Transfer from deferred taxes780 | - | - | - | €796 | €796 | - | - | - |
| Income taxes67/77 | €13,551 | €12,985 | €5,000 | -€685 | - | - | €797 | - |
| Profit (loss) for the period9904 | €22,996 | €38,122 | €20,496 | -€42,299 | -€15,866 | €30,294 | -€9,978 | ▼ 133% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €796 | €796 | = |
| Profit (loss) for the period to be appropriated9905 | €22,996 | €38,122 | €20,496 | -€42,299 | -€15,866 | €31,089 | -€9,183 | ▼ 130% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €445,586 | €455,188 | €392,681 | €352,843 | €375,931 | €366,004 | €363,498 | ▼ 0.7% |
| Fixed assets21/28 | €362,982 | €341,195 | €310,968 | €301,257 | €305,400 | €270,775 | €254,296 | ▼ 6.1% |
| Tangible fixed assets22/27 | €362,982 | €341,195 | €310,968 | €301,257 | €305,400 | €270,775 | €254,296 | ▼ 6.1% |
| Land and buildings22 | - | - | - | €263,353 | €241,922 | €220,490 | €199,059 | ▼ 9.7% |
| Plant, machinery and equipment23 | - | - | - | €34,648 | €37,883 | €29,994 | €20,912 | ▼ 30.3% |
| Furniture and vehicles24 | - | - | - | €3,256 | €25,595 | €20,291 | €34,326 | ▲ 69.2% |
| Current assets29/58 | €82,604 | €113,993 | €81,713 | €51,586 | €70,531 | €95,229 | €109,202 | ▲ 14.7% |
| Stocks and contracts in progress3 | €6,891 | €14,064 | €9,036 | €4,533 | €2,374 | €5,493 | €13,005 | ▲ 137% |
| Stocks30/36 | - | - | - | €4,533 | €2,374 | €5,493 | €13,005 | ▲ 137% |
| Amounts receivable within one year40/41 | €31,261 | €73,844 | €24,768 | €34,084 | €40,467 | €79,773 | €78,867 | ▼ 1.1% |
| Trade receivables40 | - | - | - | €17,297 | €13,884 | €11,579 | €29,430 | ▲ 154% |
| Other amounts receivable41 | - | - | - | €16,787 | €26,583 | €68,194 | €49,436 | ▼ 27.5% |
| Cash at bank and in hand54/58 | €40,694 | €26,085 | €46,294 | €12,969 | €26,550 | €4,398 | €5,207 | ▲ 18.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,140 | €5,565 | €12,124 | ▲ 118% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €445,586 | €455,188 | €392,681 | €352,843 | €375,931 | €366,004 | €363,498 | ▼ 0.7% |
| Equity10/15 | €90,542 | €97,119 | €116,071 | €72,227 | €54,816 | €84,361 | €73,633 | ▼ 12.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €43,818 | €51,940 | €72,436 | €30,137 | €14,271 | €45,361 | €36,178 | ▼ 20.2% |
| Investment grants15 | - | - | - | €21,630 | €20,085 | €18,540 | €16,995 | ▼ 8.3% |
| Provisions and deferred taxes16 | €13,524 | €12,729 | €11,933 | €11,138 | €10,342 | €9,546 | €8,751 | ▼ 8.3% |
| Provisions for liabilities and charges160/5 | - | - | - | €11,138 | €10,342 | €9,546 | €8,751 | ▼ 8.3% |
| Taxes161 | - | - | - | €11,138 | €10,342 | €9,546 | €8,751 | ▼ 8.3% |
| Amounts payable17/49 | €341,520 | €345,340 | €264,677 | €269,478 | €310,773 | €272,097 | €281,115 | ▲ 3.3% |
| Amounts payable after more than one year17 | €244,544 | €219,160 | €185,274 | €167,236 | €166,910 | €130,239 | €92,349 | ▼ 29.1% |
| Financial debts170/4 | - | - | - | €167,236 | €166,910 | €130,239 | €92,349 | ▼ 29.1% |
| Amounts payable within one year42/48 | €94,975 | €124,180 | €77,403 | €99,568 | €141,863 | €139,858 | €186,766 | ▲ 33.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €37,974 | €36,762 | €37,729 | €38,957 | ▲ 3.3% |
| Financial debts43 | - | - | - | - | - | €38,966 | €74,946 | ▲ 92.3% |
| Credit institutions430/8 | - | - | - | - | - | €38,966 | €74,946 | ▲ 92.3% |
| Trade debts44 | €41,282 | €40,479 | €28,689 | €44,872 | €92,460 | €43,965 | €59,633 | ▲ 35.6% |
| Suppliers440/4 | - | - | - | €44,872 | €92,460 | €43,965 | €59,633 | ▲ 35.6% |
| Taxes, remuneration and social security45 | - | - | - | €16,722 | €12,641 | €19,199 | €13,230 | ▼ 31.1% |
| Taxes450/3 | - | - | - | - | €2,025 | €9,189 | €349 | ▼ 96.2% |
| Remuneration and social security454/9 | - | - | - | €16,722 | €10,616 | €10,010 | €12,880 | ▲ 28.7% |
| Accrued charges and deferred income492/3 | - | - | - | €2,674 | €2,000 | €2,000 | €2,000 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,996 | €38,122 | €20,496 | -€42,299 | -€15,866 | €30,294 | -€9,978 | ▼ 133% |
| + Depreciation and write-downs630 | €27,144 | €29,168 | €30,227 | €32,141 | €39,847 | €34,626 | €37,967 | ▲ 9.6% |
| Operating cash flow (approximation) | €50,140 | €67,290 | €50,723 | -€10,158 | €23,982 | €64,920 | €27,988 | ▼ 56.9% |
| Investment in fixed assets (approximation) | - | -€7,380 | €0 | -€22,430 | -€43,991 | €0 | -€21,488 | - |
| Change in cash | - | -€14,609 | €20,209 | -€33,325 | €13,582 | -€22,153 | €809 | ▲ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 8 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
2 establishment units
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21673D0087/00F045 | Brussels | 627 m² | 1 · 307 m² | 18.2 m · 5 fl. |
| 21810L2560/00V003 | Brussels | 283 m² | 1 · 275 m² | 19.1 m · 5 fl. |