GARCHI
ActiveSummary
GARCHI has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €33,118 and a net result of €26,419. Equity is growing by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 6718 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability97▼-3
Solvency52=
Growth65▲+3
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.1 in 2023; short-term debt: 49% and cash: 27.6% of total assets), and 73.2% of the assets are financed with debt.
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Signals
Six 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
26.8%
Return on assets
21.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
150 d late
2022
45 d late
2021
28 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 63 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#10 oldest company in Anderlecht, Transport and storage sector
Turnover
€126,581▲ 17.8%
2023 · €107,483
EBIT margin
21.9%▼ 12.2pp
2023 · 34.1%
Net result
€26,419▼ 12.5%
2023 · €30,203
Working capital
€6,821▲ 62.5%
2023 · €4,197
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€40,995▼ 55.0%€42,071▲ 2.6%€78,798▲ 87.3%€107,483▲ 36.4%€126,581▲ 17.8%
Operating result€2,669▼ 54.7%€2,849▲ 6.7%€19,538▲ 586%€36,605▲ 87.4%€27,707▼ 24.3%
Net result€2,669within the sector's middle half▼ 51.5%€1,703within the sector's middle half▼ 36.2%€19,538within the sector's middle half▲ 1,047%€30,203above the sector's middle half▲ 54.6%€26,419above the sector's middle half▼ 12.5%
EBIT margin6.5%=6.8%▲ 0.3pp24.8%▲ 18.0pp34.1%▲ 9.3pp21.9%▼ 12.2pp
Equity€10,255within the sector's middle half▲ 35.2%€11,958within the sector's middle half▲ 16.6%€16,496within the sector's middle half▲ 37.9%€26,699within the sector's middle half▲ 61.9%€33,118within the sector's middle half▲ 24.0%
Total assets€21,742below the sector's middle half▲ 0.2%€32,581below the sector's middle half▲ 49.9%€60,482within the sector's middle half▲ 85.6%€98,711within the sector's middle half▲ 63.2%€123,657within the sector's middle half▲ 25.3%
Debt€11,487▼ 18.6%€20,623▲ 79.5%€43,986▲ 113%€72,012▲ 63.7%€90,539▲ 25.7%
Working capital€21,204within the sector's middle half▲ 84.8%€13,382within the sector's middle half▼ 36.9%€23,546within the sector's middle half▲ 75.9%€4,197within the sector's middle half▼ 82.2%€6,821within the sector's middle half▲ 62.5%
Solvency47.2%within the sector's middle half▲ 12.2pp36.7%within the sector's middle half▼ 10.5pp27.3%within the sector's middle half▼ 9.4pp27.0%within the sector's middle half▼ 0.2pp26.8%within the sector's middle half▼ 0.3pp
Current ratio47.97above the sector's middle half▲ 45.067.69above the sector's middle half▼ 40.281.93within the sector's middle half▼ 5.761.10within the sector's middle half▼ 0.831.11within the sector's middle half▲ 0.01
Return on assets (ROA)12.3%within the sector's middle half▼ 13.1pp5.2%within the sector's middle half▼ 7.0pp32.3%above the sector's middle half▲ 27.1pp30.6%above the sector's middle half▼ 1.7pp21.4%above the sector's middle half▼ 9.2pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €123,657
Fixed assets
€56,303 ▲ 7.2%
Current assets
€67,354 ▲ 45.8%
Equity and liabilities €123,657
Equity
€33,118 ▲ 24.0%
Debt
€90,539 ▲ 25.7%
Debt's share of the balance-sheet total rises from 73.0% to 73.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43,912▼
2023 · €47,428
Cash flow
€42,624▲
2023 · €41,026
Debt to equity
2.73▲
2023 · 2.70
ROE
79.8%▼
2023 · 113.1%
Interest coverage
34.09▲
2023 · 24.95
Debt ≤ 1 year
€60,533▲
2023 · €42,006
Debt > 1 year
€30,006=
2023 · €30,006
Staff costs
€31,512▲
2023 · €11,049
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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 3,818 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €40,995 | €42,071 | €78,798 | €107,483 | €126,581 | ▲ 17.8% |
| Goods, raw materials, services and sundry goods60/61 | - | €30,201 | €40,016 | €46,590 | €45,232 | ▼ 2.9% |
| Remuneration, social security and pensions62 | - | €1,357 | €13,243 | €11,049 | €31,512 | ▲ 185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,131 | €4,724 | €5,625 | €10,823 | €16,205 | ▲ 49.7% |
| Other operating charges640/8 | - | €2,941 | €376 | €2,301 | €5,924 | ▲ 157% |
| Non-recurring operating charges66A | - | - | - | €116 | - | - |
| Gross operating margin9900 | €12,808 | €11,870 | €38,782 | €60,894 | €81,348 | ▲ 33.6% |
| Operating profit (loss)9901 | €2,669 | €2,849 | €19,538 | €36,605 | €27,707 | ▼ 24.3% |
| Financial charges65/66B | - | €402 | - | €1,901 | €1,288 | ▼ 32.2% |
| Recurring financial charges65 | - | €286 | - | €1,901 | €1,288 | ▼ 32.2% |
| Non-recurring financial charges66B | - | €116 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €2,669 | €2,447 | €19,538 | €34,705 | €26,419 | ▼ 23.9% |
| Income taxes67/77 | - | €743 | - | €4,502 | - | - |
| Profit (loss) for the period9904 | €2,669 | €1,703 | €19,538 | €30,203 | €26,419 | ▼ 12.5% |
| Profit (loss) for the period to be appropriated9905 | €2,669 | €1,703 | €19,538 | €30,203 | €26,419 | ▼ 12.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,742 | €32,581 | €60,482 | €98,711 | €123,657 | ▲ 25.3% |
| Fixed assets21/28 | €86 | €17,199 | €11,574 | €52,508 | €56,303 | ▲ 7.2% |
| Tangible fixed assets22/27 | €86 | €17,199 | €11,574 | €52,508 | €56,303 | ▲ 7.2% |
| Furniture and vehicles24 | - | €17,199 | €11,574 | €52,508 | €56,303 | ▲ 7.2% |
| Current assets29/58 | €21,655 | €15,382 | €48,908 | €46,203 | €67,354 | ▲ 45.8% |
| Amounts receivable within one year40/41 | €16,418 | €14,661 | €16,026 | €26,695 | €33,177 | ▲ 24.3% |
| Other amounts receivable41 | - | €14,661 | €16,026 | €26,695 | €33,177 | ▲ 24.3% |
| Cash at bank and in hand54/58 | €5,237 | €721 | €32,883 | €19,508 | €34,177 | ▲ 75.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,742 | €32,581 | €60,482 | €98,711 | €123,657 | ▲ 25.3% |
| Equity10/15 | €10,255 | €11,958 | €16,496 | €26,699 | €33,118 | ▲ 24.0% |
| Contributions10/11 | €6,192 | €6,192 | €6,192 | €6,192 | €6,192 | = |
| Outside capital11 | - | - | - | €6,192 | €6,192 | = |
| Other1109/19 | - | - | - | €6,192 | €6,192 | = |
| Profit (loss) carried forward14 | €4,063 | €5,766 | €10,304 | €20,507 | €26,926 | ▲ 31.3% |
| Amounts payable17/49 | €11,487 | €20,623 | €43,986 | €72,012 | €90,539 | ▲ 25.7% |
| Amounts payable after more than one year17 | €11,036 | €18,623 | €18,623 | €30,006 | €30,006 | = |
| Financial debts170/4 | - | €18,623 | €18,623 | €30,006 | €30,006 | = |
| Amounts payable within one year42/48 | €451 | €2,000 | €25,363 | €42,006 | €60,533 | ▲ 44.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,346 | €4,063 | ▼ 73.5% |
| Trade debts44 | €42 | - | - | €369 | €52,613 | ▲ 14,145% |
| Suppliers440/4 | - | - | - | €369 | €52,613 | ▲ 14,145% |
| Advances received on contracts in progress46 | - | - | - | €3,000 | - | - |
| Taxes, remuneration and social security45 | - | €2,000 | €4,011 | €3,290 | €3,857 | ▲ 17.2% |
| Taxes450/3 | - | - | €4,011 | €3,290 | €3,284 | ▼ 0.2% |
| Remuneration and social security454/9 | - | €2,000 | - | - | €573 | - |
| Other amounts payable47/48 | - | - | €21,351 | €20,000 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,669 | €1,703 | €19,538 | €30,203 | €26,419 | ▼ 12.5% |
| + Depreciation and write-downs630 | €4,131 | €4,724 | €5,625 | €10,823 | €16,205 | ▲ 49.7% |
| Operating cash flow (approximation) | €6,800 | €6,427 | €25,163 | €41,026 | €42,624 | ▲ 3.9% |
| Investment in fixed assets (approximation) | - | -€21,836 | €0 | -€51,757 | -€20,000 | ▲ 61.4% |
| Change in cash | - | -€4,516 | €32,161 | -€13,375 | €14,669 | ▲ 210% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
28-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 150 days late
2023
31-12
Financial
Highest result since 2018net €30,203 ▲54.6%
Operating result €36,605, net result €30,203, both a record.
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity times 16current ratio 47.97
Current ratio from 2.91 to 47.97; short-term debt falls from €6,000 to €451.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
31-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Anderlecht · 1 establishment unit since 1989
Ground area
86 m²
Building footprint
68 m²
Volume, LiDAR
896 m³
Parcel 21302A0074/00P000, Brussels · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GARCHI SC
since 19892.044.276.978
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21302A0074/00P000 | Brussels | 86 m² | 1 · 68 m² | 15.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,971 companies in sector 49320 we hold annual accounts for 2,717. 2,204 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded26-04-1989
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437328161
Also
9925:BE0437328161
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.