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GARAGE VANGHELUWE

Active
Public limited companyfounded 1997active for 29 yearsVichtseweg 224, 8790 Waregem, BelgiumKBO/BCE: BE 0459.817.018
Summary

GARAGE VANGHELUWE has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €433,707. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 83% of 5,018 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
GARAGE VANGHELUWEActiveChecked score 98/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811
1 site
Size
€3.4mtotal assets 2025
Staff
5 FTE
Equity
€2.4m
Profit
€433,707
Financial health
98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
2025 accounts filed 60 days late3 of 6 deeds summarised
Why 98raises riskLast filed accounts filed 60 days late; 3 of the last 3 latelowers riskLiquidity: current ratio 9.71, cash €1.0mFounded in 1997Size: 5 FTE, total assets €3.4mShow the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 81% of its sector peers (NACE 47, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 96+6
equity 70.9% of total assets
Liquidity 87+23
short-term debt 9.3% · cash 29.4%
Profitability 85+2
return on assets 12.7%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,246 companies, NACE 47, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.2%▲ +0.1 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.1%▼ -0.1 percentage points vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.2 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026highest value 10-2026: < 0.1%▼ -0.3 percentage points vs 09-2026lowest value
Credit of up to €230,000 on 30-day terms is acceptable
Liquidity ample (current ratio 9.71, compared with 6.98 in 2024, above the usual 1.5; short-term debt: 9.3% and cash: 29.4% of total assets), and 29.1% of the assets are financed with debt and provisions.
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 82% on solvency, 89% on liquidity, 79% on profitability and 74% on growth.

The bankruptcy probability was computed on 26-10-2026 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

Five signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 9.71, cash €1.0m
NBB · annual accounts
raises risk · Last filed accounts filed 60 days late; 3 of the last 3 late
NBB · filings
lowers risk · Founded in 1997
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: 5 FTE, total assets €3.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
60 days late
2024
61 days late
2023
55 days late
2022
59 days late
2021
24 days late
2020
31 days late
2019
22 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 38 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointment: Maxime Vangheluwe (director)Gazette deed
  3. Highest result from 2018 to 2025net €433,707 ▲26.1%

Key points

  • Positive: Among the best 14% on net resultsector median €39,955 · 5,017 companies €433,707 View
  • Positive: 8 profitable years in a rowprofit 2025: €433,707 8 years View
  • New directorlatest change 01-01-2026 · 3 in office 1 joined View
  • Positive: Result rose in 2025from €343,847 to €433,707 ▲ 26.1% View

By topic

Financials

Financial year
2025
Total assets
€3.4m
Profit
€433,707
Solvency
70.9%
Total assets▲ 10.9%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
  • Cremelie DorineDirector
  • Vangheluwe PeterManaging director
  • Maxime VangheluweDirector
Go to Board & ownership

Timeline

Events
36
Since
1998
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €2m
  2. 30-09-2025Annual accounts filed
  3. 24-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Retail sale of cars and light vans (up…NACE 47811
Founded
20-01-1997
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
24
Annual meeting
Second Saturday of June at 11:00
Purpose
“A/ Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten…” (deed in Dutch)
Go to Articles of association

Key facts about GARAGE VANGHELUWE

What is the company number of GARAGE VANGHELUWE?
0459.817.018. In Belgium the VAT number is the company number with BE in front: BE 0459.817.018.
Where is GARAGE VANGHELUWE based?
The registered office is at Vichtseweg 224, 8790 Waregem.Company details
What does GARAGE VANGHELUWE do?
According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
What is the legal form of GARAGE VANGHELUWE?
Public limited company (NV).
When was GARAGE VANGHELUWE founded?
On 20-01-1997.
Is GARAGE VANGHELUWE still active?
Yes, GARAGE VANGHELUWE is an active enterprise in the KBO register.
How many employees does GARAGE VANGHELUWE have?
On average 5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of GARAGE VANGHELUWE?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is GARAGE VANGHELUWE profitable?
In financial year 2025, GARAGE VANGHELUWE made a profit of €433,707.
Where can I find the annual accounts of GARAGE VANGHELUWE?
GARAGE VANGHELUWE filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GARAGE VANGHELUWE due?
By 31-07-2027, for financial year 2026.Timeline

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