GARCIA
ActiveSummary
GARCIA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.1m and a net result of €262,759. Equity is growing by ~43.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 6131 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+1
Solvency100=
Growth69▼-1
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 4.64 against 3.8 in 2023; short-term debt: 17.4% and cash: 1.1% of total assets), and 23.9% of the assets are financed with debt.
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Signals
Four 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
76.1%
Return on assets
17.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
8 d late
2022
48 d early
2021
37 d early
2020
53 d early
2019
92 d early
← 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 39 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€1.7m▲ 4.7%
2023 · €1.7m
EBIT margin
21.2%▲ 5.1pp
2023 · 16.1%
Net result
€262,759▲ 38.8%
2023 · €189,257
Working capital
€946,988▲ 55.0%
2023 · €610,789
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€998,254▼ 11.2%€1.3m▲ 28.6%€1.7m▲ 32.2%€1.7m▼ 1.7%€1.7m▲ 4.7%
Operating result€70,494▼ 27.0%€218,365▲ 210%€414,982▲ 90.0%€268,247▼ 35.4%€369,690▲ 37.8%
Net result€38,396within the sector's middle half▼ 31.6%€148,602within the sector's middle half▲ 287%€296,695within the sector's middle half▲ 99.7%€189,257within the sector's middle half▼ 36.2%€262,759within the sector's middle half▲ 38.8%
EBIT margin7.1%▼ 1.5pp17.0%▲ 10.0pp24.5%▲ 7.4pp16.1%▼ 8.4pp21.2%▲ 5.1pp
Equity€236,508within the sector's middle half▲ 19.4%€385,110within the sector's middle half▲ 62.8%€681,805within the sector's middle half▲ 77.0%€871,061within the sector's middle half▲ 27.8%€1.1mwithin the sector's middle half▲ 30.2%
Total assets€385,240below the sector's middle half▼ 13.1%€589,057below the sector's middle half▲ 52.9%€1.0mwithin the sector's middle half▲ 76.9%€1.1mwithin the sector's middle half▲ 7.3%€1.5mwithin the sector's middle half▲ 33.3%
Debt€148,732▼ 39.3%€203,947▲ 37.1%€351,287▲ 72.2%€235,536▼ 33.0%€332,936▲ 41.4%
Working capital-€31,640below the sector's middle half▲ 71.8%€169,255within the sector's middle half€500,480within the sector's middle half▲ 196%€610,789within the sector's middle half▲ 22.0%€946,988within the sector's middle half▲ 55.0%
Solvency61.4%within the sector's middle half▲ 16.7pp65.4%above the sector's middle half▲ 4.0pp65.4%above the sector's middle half=77.9%above the sector's middle half▲ 12.4pp76.1%above the sector's middle half▼ 1.8pp
Current ratio0.79below the sector's middle half▲ 0.251.89within the sector's middle half▲ 1.102.79above the sector's middle half▲ 0.903.80above the sector's middle half▲ 1.014.64above the sector's middle half▲ 0.84
Return on assets (ROA)10.0%above the sector's middle half▼ 2.7pp25.2%above the sector's middle half▲ 15.3pp28.5%above the sector's middle half▲ 3.2pp16.9%above the sector's middle half▼ 11.6pp17.6%above the sector's middle half▲ 0.7pp
Staff (FTE)12.3within the sector's middle half▼ 0.8%14.7within the sector's middle half▲ 19.5%15.9within the sector's middle half▲ 8.2%16.8within the sector's middle half▲ 5.7%17within the sector's middle half▲ 1.2%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 38% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€283,661 ▼ 2.0%
Current assets
€1.2m ▲ 45.6%
Equity and liabilities €1.5m
Equity
€1.1m ▲ 30.2%
Provisions
€24,000 ▲ 100%
Debt
€332,936 ▲ 41.4%
Debt's share of the balance-sheet total rises from 21.1% to 22.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€444,944▲
2023 · €327,745
Cash flow
€338,014▲
2023 · €248,755
Debt to equity
0.29▲
2023 · 0.27
ROE
23.2%▲
2023 · 21.7%
Interest coverage
3935.47▲
2023 · 160.51
Debt ≤ 1 year
€260,108▲
2023 · €218,421
Income taxes
€106,106▲
2023 · €75,859
Staff costs
€1.1m▲
2023 · €902,991
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,338 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% | 1.9% |
| 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 20,134 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.3m | €1.7m | €1.7m | €1.9m | ▲ 11.2% |
| Turnover70 | €998,254 | €1.3m | €1.7m | €1.7m | €1.7m | ▲ 4.7% |
| Other operating income74 | - | €11,790 | €10,010 | €13,690 | €102,631 | ▲ 650% |
| Non-recurring operating income76A | - | - | - | - | €22,513 | - |
| Operating charges60/66A | - | €1.1m | €1.3m | €1.4m | €1.5m | ▲ 6.2% |
| Services and other goods61 | - | €251,240 | €310,000 | €443,765 | €351,067 | ▼ 20.9% |
| Remuneration, social security and pensions62 | - | €783,160 | €921,945 | €902,991 | €1.1m | ▲ 17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,181 | €39,294 | €46,846 | €59,498 | €75,255 | ▲ 26.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €9,000 | €3,000 | €12,000 | ▲ 300% |
| Other operating charges640/8 | - | €2,989 | €3,703 | €4,605 | €5,810 | ▲ 26.2% |
| Operating profit (loss)9901 | €70,494 | €218,365 | €414,982 | €268,247 | €369,690 | ▲ 37.8% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €5,307 | €3,955 | €3,132 | €825 | ▼ 73.7% |
| Recurring financial charges65 | €6,403 | €5,307 | €3,955 | €3,132 | €825 | ▼ 73.7% |
| Debt charges650 | €5,786 | €5,010 | €3,590 | €2,042 | €113 | ▼ 94.5% |
| Other financial charges652/9 | - | €297 | €366 | €1,090 | €711 | ▼ 34.7% |
| Profit (loss) for the period before taxes9903 | €64,091 | €213,058 | €411,027 | €265,115 | €368,865 | ▲ 39.1% |
| Income taxes67/77 | €25,695 | €64,456 | €114,332 | €75,859 | €106,106 | ▲ 39.9% |
| Taxes670/3 | - | €64,456 | €114,332 | €75,859 | €106,106 | ▲ 39.9% |
| Profit (loss) for the period9904 | €38,396 | €148,602 | €296,695 | €189,257 | €262,759 | ▲ 38.8% |
| Profit (loss) for the period to be appropriated9905 | €38,396 | €148,602 | €296,695 | €189,257 | €262,759 | ▲ 38.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €385,240 | €589,057 | €1.0m | €1.1m | €1.5m | ▲ 33.3% |
| Fixed assets21/28 | €268,148 | €228,855 | €262,147 | €289,387 | €283,661 | ▼ 2.0% |
| Tangible fixed assets22/27 | €268,148 | €228,855 | €262,147 | €289,387 | €283,661 | ▼ 2.0% |
| Plant, machinery and equipment23 | - | €1,429 | €2,030 | €1,358 | €2,270 | ▲ 67.1% |
| Furniture and vehicles24 | - | - | €68,968 | €133,279 | €162,548 | ▲ 22.0% |
| Other tangible fixed assets26 | - | €227,426 | €191,149 | €154,750 | €118,844 | ▼ 23.2% |
| Current assets29/58 | €117,092 | €360,202 | €779,945 | €829,210 | €1.2m | ▲ 45.6% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €53,370 | €324,640 | €717,796 | €816,133 | €1.2m | ▲ 42.7% |
| Trade receivables40 | - | €292,424 | €678,685 | €785,882 | €1.1m | ▲ 43.5% |
| Other amounts receivable41 | - | €32,216 | €39,111 | €30,251 | €37,319 | ▲ 23.4% |
| Cash at bank and in hand54/58 | €56,814 | €8,722 | €52,297 | €768 | €16,908 | ▲ 2,102% |
| Deferred charges and accrued income490/1 | - | €26,840 | €9,852 | €12,310 | €25,447 | ▲ 107% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €385,240 | €589,057 | €1.0m | €1.1m | €1.5m | ▲ 33.3% |
| Equity10/15 | €236,508 | €385,110 | €681,805 | €871,061 | €1.1m | ▲ 30.2% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €216,508 | €365,110 | €661,805 | €851,061 | €1.1m | ▲ 30.9% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €363,110 | €659,805 | €849,061 | €1.1m | ▲ 30.9% |
| Provisions and deferred taxes16 | - | - | €9,000 | €12,000 | €24,000 | ▲ 100% |
| Provisions for liabilities and charges160/5 | - | - | €9,000 | €12,000 | €24,000 | ▲ 100% |
| Other liabilities and charges164/5 | - | - | €9,000 | €12,000 | €24,000 | ▲ 100% |
| Amounts payable17/49 | €148,732 | €203,947 | €351,287 | €235,536 | €332,936 | ▲ 41.4% |
| Amounts payable within one year42/48 | €148,732 | €190,947 | €279,465 | €218,421 | €260,108 | ▲ 19.1% |
| Trade debts44 | €19,912 | €16,334 | €31,435 | €14,942 | €39,898 | ▲ 167% |
| Suppliers440/4 | - | €16,334 | €31,435 | €14,942 | €39,898 | ▲ 167% |
| Taxes, remuneration and social security45 | - | €174,612 | €248,031 | €203,479 | €220,210 | ▲ 8.2% |
| Taxes450/3 | - | €75,151 | €153,530 | €77,452 | €68,437 | ▼ 11.6% |
| Remuneration and social security454/9 | - | €99,461 | €94,501 | €126,027 | €151,773 | ▲ 20.4% |
| Accrued charges and deferred income492/3 | - | €13,000 | €71,822 | €17,115 | €72,828 | ▲ 326% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,396 | €148,602 | €296,695 | €189,257 | €262,759 | ▲ 38.8% |
| + Depreciation and write-downs630 | €42,181 | €39,294 | €46,846 | €59,498 | €75,255 | ▲ 26.5% |
| Operating cash flow (approximation) | €80,577 | €187,896 | €343,541 | €248,755 | €338,014 | ▲ 35.9% |
| Investment in fixed assets (approximation) | - | €0 | -€80,138 | -€86,739 | -€69,528 | ▲ 19.8% |
| Change in cash | - | -€48,092 | €43,575 | -€51,529 | €16,141 | ▲ 131% |
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
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €1mEq €1.1m ▲30.2%
7 profitable years in a row build equity to €1.1m.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €296,695 ▲99.7%
Operating result €414,982, net result €296,695, both a record.
31-12
Financial
Equity above €500,000Eq €681,805 ▲77%
5 profitable years in a row build equity to €681,805.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity doublescurrent ratio 1.89
Current ratio from 0.79 to 1.89.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €38,396 ▼31.6%
Net result drops to €38,396, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €236,508 ▲19.4%
3 profitable years in a row build equity to €236,508.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Equity above €150,000Eq €198,112 ▲39.5%
2 profitable years in a row build equity to €198,112.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Grimbergen · 1 establishment unit since 2001
Ground area
2,711 m²
Building footprint
210 m²
Volume, LiDAR
1,879 m³
Parcel 23084B0064/00G005, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
EUROBROOKS
since 20012.131.868.374
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084B0064/00G005 | Flanders | 2,711 m² | 1 · 210 m² | 11.7 m · 3 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 1,277 companies in sector 46160 we hold annual accounts for 687. 287 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
46425Wholesale trade
46498Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473565183
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.