Garage Van Borm
ActiveGarage Van Borm has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.27M and a net result of €163k. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 4119 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
98
/ 100
Excellent▲ +12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▲+36
Solvency100=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.63 against 7.83 in 2024), and 27.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 →
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
72.7%
Return on assets
9.3%
Age of the figures
8 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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
28 d late
2023
26 d late
2022
31 d late
2021
31 d late
2020
22 d early
2019
19 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€163k▲ 98.2%
2024 · €82k
2018: €124k
2019: €141k
2020: €147k
2021: €129k
2022: €-11k
2023: €205k
2024: €82k
2018 → 2025
Working capital
€771k▼ 20.4%
2024 · €968k
2018: €1.22M
2019: €1.36M
2020: €1.52M
2021: €1.07M
2022: €1.30M
2023: €868k
2024: €968k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.58M-€1.57M▼ 0.7%€1.41M▼ 10.5%€1.49M▲ 5.8%€1.27M▼ 15.0%
Operating result€177k-€-373€300k€116k▼ 61.4%€256k▲ 120%
Net result€129k-€-11k€205k€82k▼ 59.9%€163k▲ 98.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 120% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.74M
Fixed assets
€496k▼ 4.6%
Current assets
€1.25M▲ 12.2%
Equity and liabilities €1.74M
Equity
€1.27M▼ 15.0%
Debt
€475k▲ 236%
The debt ratio rises from 8.7% to 27.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€305k▲
2024 · €173k
Cash flow
€212k▲
2024 · €139k
Solvency
72.7%▼
2024 · 91.3%
Current ratio
2.63▼
2024 · 7.83
Quick ratio
1.91▼
2024 · 4.82
Debt / equity
0.38▲
2024 · 0.10
ROE
12.9%▲
2024 · 5.5%
ROA
9.3%▲
2024 · 5.0%
Interest coverage
10.06▼
2024 · 16.68
Debt
€475k▲
2024 · €142k
Debt ≤ 1 year
€474k▲
2024 · €142k
Income taxes
€74k▲
2024 · €34k
Staff costs
€101k▲
2024 · €97k
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€1.63M€1.74M▲
Fixed assets21/28€520k€496k▼
Tangible fixed assets22/27€519k€495k▼
Land and buildings22€460k€430k▼
Plant, machinery and equipment23€18k€36k▲
Furniture and vehicles24€41k€30k▼
Financial fixed assets28€390€390=
Current assets29/58€1.11M€1.25M▲
Stocks and contracts in progress3€427k€341k▼
Stocks30/36€427k€341k▼
Amounts receivable within one year40/41€40k€86k▲
Trade receivables40€14k€35k▲
Other amounts receivable41€26k€51k▲
Current investments50/53€528k€714k▲
Cash at bank and in hand54/58€111k€86k▼
Deferred charges and accrued income490/1€4k€19k▲
Equity and liabilities
Total equity and liabilities10/49€1.63M€1.74M▲
Equity10/15€1.49M€1.27M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.09M€865k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€56k€56k=
Distributable reserves133€1.03M€803k▼
Profit (loss) carried forward14€338k€338k=
Amounts payable17/49€142k€475k▲
Amounts payable within one year42/48€142k€474k▲
Current portion of amounts payable after more than one year42€33k-
Trade debts44€10k€18k▲
Suppliers440/4€10k€18k▲
Taxes, remuneration and social security45€43k€65k▲
Taxes450/3€33k€60k▲
Remuneration and social security454/9€10k€5k▼
Other amounts payable47/48€55k€391k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€97k€101k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€50k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€69k€18k▼
Other operating charges640/8€25k€20k▼
Non-recurring operating charges66A€5k€51▼
Gross operating margin9900€370k€444k▲
Operating profit (loss)9901€116k€256k▲
Financial income75/76B€10k€12k▲
Recurring financial income75€10k€12k▲
Financial charges65/66B€10k€30k▲
Recurring financial charges65€10k€30k▲
Profit (loss) for the period before taxes9903€116k€237k▲
Income taxes67/77€34k€74k▲
Profit (loss) for the period9904€82k€163k▲
Profit (loss) for the period to be appropriated9905€82k€163k▲
Appropriation of the result
Profit (loss) to be appropriated9906€420k€501k▲
Profit (loss) brought forward from the previous period14P€338k€338k=
Transfer from equity791/2-€386k
Transfer to equity691/2€82k€163k▲
To other reserves6921€82k€163k▲
Profit to be distributed694/7-€386k
Return on contributions (dividend)694-€386k
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (11 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 7.83
Current ratio from 2.55 to 7.83; short-term debt falls from €560k to €142k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Back to profitnet €205k
Net result €205k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-11k ▼109%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 10.56
Current ratio from 2.50 to 10.56; short-term debt falls from €712k to €136k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €2MEq €2.02M ▲7.8%
3 profitable years in a row build equity to €2.02M.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 19 days late
2019
31-12
Financial
Liquidity times 5current ratio 15.20
Current ratio from 3.07 to 15.20; short-term debt falls from €591k to €96k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2023
VAN ZAELEN Ann
CurrentOpvolgend bestuurder · since 28-12-2023
28-12-2023
VAN ZAELEN Ann: Appointed as Opvolgend bestuurder
28-12-2023
VAN BORM Frank Willy Jean: Resigned as Director
01-12-2023
VAN BORM Martine Maria Jeannine: Resigned as Director
Location & real-estate footprint
Registered office, Londerzeel · 1 establishment unit since 1980
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.
Bergkapelstraat 251840 LonderzeelGround area
120 m²
Building footprint
120 m²
Volume, LiDAR
736 m³
Parcel 23045D0532/00N000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GARAGE VAN BORM
since 19802.017.899.215
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23045D0532/00N000 | Flanders | 120 m² | 1 · 120 m² | 7.4 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
GARAGE DE BIE
BE 0466.581.480
Herentals · Eq €1.26M
GOODWOOD MOTORS
BE 0841.340.980
Sint-Pieters-Woluwe · Eq €1.26M
GARAGE V & D
BE 0437.400.021
Knokke-Heist · Eq €1.26M
B2 CARS
BE 0795.531.345
Wijnegem · Eq €1.26M
VAG
BE 0425.552.559
Turnhout · Eq €1.26M
Of 10,620 companies in sector 47811 we hold annual accounts for 5,193. 2,764 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-02-1980
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50103
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.