Active BE 0430.432.253Public limited company

GARAGE VANHEES

Riemsterweg 14 ·3740 Bilzen-Hoeselt, Belgium· 39 yrs active

Sector: Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton) (47811)

Conclusion Checked

The computed 12-month bankruptcy probability of GARAGE VANHEES is 0.3% (very low). The 2025 annual accounts show equity of €827k and a net result of €69k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 85% of 478 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Key figures

Equity	€827k
Net result	€69k
Staff (FTE)	5.3
Better than sector	85%

Snowflake analysis 5 of 5 axes measured · computed by Checked

79 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86

Profitability 42

Solvency 100

Growth 67

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.3% Very low

0%0,5%1,5%4%10%≥25%

Long track record −Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1987, 39 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

86 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 04-05-2026 with the NBB · fiscal year 2025 · verkort

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~13.5%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	65.2%	21.2%	better than 85% of 478 sector peers
Net result	€69k	€33k	better than 65% of 476 sector peers
Equity	€827k	€166k	better than 88% of 478 sector peers
Gross operating margin	€562k	€282k	better than 73% of 478 sector peers
Staff costs	€398k	€212k	higher than 71% of 385 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€1.91M

+3.6% 18-25

EBITDA

€153k

-15.2% 18-25

Net profit

€69k

-24.8% 18-25

Cash flow

€106k

-14.1% 18-25

Total assets

€1.27M

+2.5% 18-25

Equity

€827k

+7.6% 18-25

Working capital

€621k

+9.2% 18-25

Employees (FTE)

5

-8.6% 18-25

Staff costs

€398k

-0.9% 18-25

Income taxes

€26k

-24.0% 18-25

Dividends

€10k

0.0% 18-25

Debt

€442k

-6.0% 18-25

Debt ≤ 1y

€351k

+0.6% 18-25

Debt > 1y

€91k

-24.8% 18-25

Current ratio

2.77

+5.3% 18-25

Quick ratio

1.93

+92.7% 18-25

Solvency

65.2%

+5.0% 18-25

Debt / equity

0.53

-12.7% 18-25

ROE

8.3%

-30.1% 18-25

ROA

5.4%

-26.6% 18-25

Net margin

3.5%

+5.5% 18-25

EBITDA margin

6.8%

+32.7% 18-25

Interest coverage

7.28

-7.9% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€153k
Net profit	€69k
Cash flow	€106k
Staff costs	€398k
Income taxes	€26k
Dividends	€10k
Total assets	€1.27M
Equity	€827k
Debt	€442k
of which ≤ 1y	€351k
of which > 1y	€91k
Working capital	€621k
Employees (FTE)	5.3

Ratios (computed)

	2025
Current ratio	2.77
Quick ratio	1.93
Working capital ratio	48.9%
Solvency	65.2%
Debt / equity	0.53
Long-term debt ratio	0.11
Interest coverage	7.28
Gross margin	-
Net margin	-
ROA	5.4%
ROE	8.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €298k · 23.5% Current assets €972k · 76.5%

Equity & liabilities

Equity €827k · 65.2% Debt €442k · 34.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.27M
Fixed assets	21/28	€298k
Tangible fixed assets	22/27	€298k
Current assets	29/58	€972k
Stocks & contracts in progress	3	€294k
Amounts receivable within one year	40/41	€39k
Cash & bank	54/58	€605k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.27M
Equity	10/15	€827k
Contributions / capital	10/11	€62k
Reserves	13	€765k
Amounts payable	17/49	€442k
Amounts payable after one year	17	€91k
Amounts payable within one year	42/48	€351k
Trade debts payable within one year	44	€18k
Income statement
Gross operating margin	9900	€562k
Operating result	9901	€116k
Financial charges	65	€21k
Result before taxes	9903	€95k
Income taxes	67/77	€26k
Net result for the period	9904	€69k
Result to be appropriated	9905	€69k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)(47811)
Legal form	Public limited company(014)
Incorporation	05-02-1987
Status	Active
Postal code	3740

Establishment units 1 location

GARAGE VANHEES

Riemsterweg 14, 3740 Bilzen-Hoeseltde groothandel in nieuwe en gebruikte auto's voor personenvervoer, inclusief die voor bijzondere doeleinden(vb ambulances)

since 19872.033.655.577

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73006I0028/00M003	Flanders	412 m²	1 · 138 m²	12.2 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

04-05-2026

NBB filing Annual accounts filed

fiscal year 2025 · verkort

2025

05-05-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

2024

06-05-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

2023

18-12-2023

State Gazette act Capital & shares

Inge REYNDERS

08-05-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

2022

10-05-2022

NBB filing Annual accounts filed

fiscal year 2021 · verkort

2021

10-05-2021

NBB filing Annual accounts filed

fiscal year 2020 · verkort

2020

04-05-2020

NBB filing Annual accounts filed

fiscal year 2019 · verkort

2019

02-05-2019

NBB filing Annual accounts filed

fiscal year 2018 · verkort

2018

09-05-2018

NBB filing Annual accounts filed

fiscal year 2017 · verkort

2017

02-05-2017

NBB filing Annual accounts filed

fiscal year 2016 · verkort

Belgisch Staatsblad, acts 1 acts

Capital history · 1

18-12-2023

Capital change

All acts · 1 updated 2 years ago

2023

18-12-2023 Transaction in capital or shares Capital & shares·Inge REYNDERS

Notary: Inge REYNDERS · Genk

Original publication ↗

Technical details

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  "events": [
    {
      "kind": "statutory_reserve_release",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": "Inge REYNDERS",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Genk",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-12-18",
    "filing_date": "2023-12-14",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-11-28",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0430.432.253",
    "name_full": "GARAGE VANHEES",
    "legal_form": "NV",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": "0536.939.045",
    "org_name": "GUIDO ANDRENSEK Gecertificeerde Accountants en Adviseurs",
    "person_name": null,
    "org_rep_person_name": "Guido ANDRENSEK",
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "expedition",
    "geco\u00F6rdineerde statuten"
  ],
  "shareholders_after": [],
  "share_classes_after": []
}

Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)45113Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)45201Onderhoud en reparatie van auto's50200Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)95311

Primary activity highlighted.

Names & trade names

Legal nameNL

GARAGE VANHEES

Registered office

Riemsterweg 14

3740 Bilzen-Hoeselt, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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