GARAGEVERMEIRE+
ActiveSummary
GARAGEVERMEIRE+ has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €7k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 17% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-7
Solvency31▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.91 in 2024; short-term debt: 42.2% and cash: 9.4% of total assets), but 94.2% 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.
−lowers risk+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 →
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
5.8%
Return on assets
0.8%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 10359 sector peers (2025).
NBB · sector comparisonPosition among 10359 sector peers
Solvency
better than 17%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €48k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-03-2026, 42 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
42 d early
2024
29 d early
2023
1 d early
2022
18 d early
2021
19 d early
2020
44 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€48k▲ 16.7%
2024 · €41k
2018: €32k
2019: €49k
2020: €93k
2021: €93k
2022: €56k
2023: €15k
2024: €41k
2018 → 2025
Total assets
€824k▲ 7.2%
2024 · €768k
2018: €68k
2019: €528k
2020: €619k
2021: €632k
2022: €715k
2023: €744k
2024: €768k
2018 → 2025
Net result
€7k▼ 73.6%
2024 · €26k
2018: €22k
2019: €23k
2020: €43k
2021: €448
2022: €-37k
2023: €-41k
2024: €26k
2018 → 2025
Working capital
€228k▼ 7.7%
2024 · €247k
2018: €27k
2019: €284k
2020: €336k
2021: €254k
2022: €179k
2023: €222k
2024: €247k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€56k▼ 39.7%€15k▼ 73.4%€41k▲ 173%€48k▲ 16.7%
Operating result€9k-€-28k€-30k▼ 8.3%€42k€22k▼ 48.2%
Net result€448-€-37k€-41k▼ 11.7%€26k€7k▼ 73.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €824k
Fixed assets
€248k =
Current assets
€575k ▲ 10.6%
Equity and liabilities €824k
Equity
€48k ▲ 16.7%
Debt
€776k ▲ 6.7%
Debt's share of the balance-sheet total falls from 94.7% to 94.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76k▼
2024 · €91k
Cash flow
€62k▼
2024 · €75k
Current ratio
1.66▼
2024 · 1.91
Quick ratio
0.67▼
2024 · 0.81
Debt to equity
16.26▼
2024 · 17.79
ROE
14.3%▼
2024 · 63.4%
ROA
0.8%▼
2024 · 3.4%
Interest coverage
5.30▼
2024 · 5.72
Debt ≤ 1 year
€347k▲
2024 · €273k
Debt > 1 year
€426k▼
2024 · €448k
Income taxes
€328▼
2024 · €406
Staff costs
€202k▲
2024 · €192k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€768k€824k▲
Fixed assets21/28€248k€248k=
Intangible fixed assets21€40k€25k▼
Tangible fixed assets22/27€208k€223k▲
Plant, machinery and equipment23€21k€19k▼
Furniture and vehicles24€44k€80k▲
Other tangible fixed assets26€143k€124k▼
Current assets29/58€520k€575k▲
Stocks and contracts in progress3€298k€344k▲
Stocks30/36€298k€344k▲
Amounts receivable within one year40/41€102k€139k▲
Trade receivables40€100k€137k▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€110k€77k▼
Deferred charges and accrued income490/1€10k€15k▲
Equity and liabilities
Total equity and liabilities10/49€768k€824k▲
Equity10/15€41k€48k▲
Contributions10/11€19k€19k=
Reserves13€31k€31k=
Distributable reserves133€31k€31k=
Profit (loss) carried forward14€-9k€-2k▲
Amounts payable17/49€727k€776k▲
Amounts payable after more than one year17€448k€426k▼
Financial debts170/4€418k€396k▼
Other amounts payable178/9€30k€30k=
Amounts payable within one year42/48€273k€347k▲
Current portion of amounts payable after more than one year42€19k€26k▲
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€75k€158k▲
Suppliers440/4€75k€158k▲
Advances received on contracts in progress46€38k€10k▼
Taxes, remuneration and social security45€36k€40k▲
Taxes450/3€8k€11k▲
Remuneration and social security454/9€28k€30k▲
Other amounts payable47/48€5k€13k▲
Accrued charges and deferred income492/3€7k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€192k€202k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€55k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€273€2k▲
Other operating charges640/8€7k€4k▼
Gross operating margin9900€290k€285k▼
Operating profit (loss)9901€42k€22k▼
Financial income75/76B€707€39▼
Recurring financial income75€707€39▼
Financial charges65/66B€16k€14k▼
Recurring financial charges65€16k€14k▼
Profit (loss) for the period before taxes9903€26k€7k▼
Income taxes67/77€406€328▼
Profit (loss) for the period9904€26k€7k▼
Profit (loss) for the period to be appropriated9905€26k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-2k▲
Profit (loss) brought forward from the previous period14P€-35k€-9k▲
Transfer from equity791/2€0-
Social balance
Average headcount (FTE)90873.43.7▲
The notes to these accounts (22 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
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €26k
Net result €26k after 2 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €43k ▲89.8%
Operating result €59k, net result €43k, both a record.
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
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, Aalter · 1 establishment unit since 2016
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.
Hooiestraat 269910 AalterGround area
3,787 m²
Building footprint
1,251 m²
Volume, LiDAR
2,915 m³
Parcel 44029C0556/00P000, Flanders · tallest building 7.2 m. Linked by address, not a title deed.
1 establishment unit
garagevermeire+
since 20162.260.075.254
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44029C0556/00P000 | Flanders | 3,787 m² | 1 · 1,251 m² | 7.2 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 338 EUR awarded · 338 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 278 EUR | 278 EUR |
| 2022 | 1 | 60 EUR | 60 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Aydo
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Maradonna Cars
BE 1017.056.777
Zwalm · Eq €47,652
Garage Roger Trimpont
BE 0422.408.076
Lessines · Eq €47,630
CALANDRES
BE 0438.598.861
Mons · Eq €47,807
DRIPO
BE 0466.524.963
Lier · Eq €47,871
Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 3,292 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-2016
Fiscal year end30-09
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.