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GARCO

Active
Public limited companyfounded 1983active for 43 yearsBosstraat 24, 3680 Maaseik, BelgiumKBO/BCE: BE 0423.942.161
Summary

GARCO has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €62,315. Equity is growing by about 3.5% per year across the filed financial years. Its solvency ranks better than 72% of 5,674 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Renting and operating of own or leased residential real estate, excluding social housing
NACE 68201
4th oldest company in Maaseik, Real estate sector1 site
Size
€4.0mtotal assets 2025
Equity
€2.7m
Profit
€62,315
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
5 members
Holdings
2
Accounts filed 31 days late1 of 6 deeds read
Why 96raises riskLiquidity: current ratio 0.39, cash €118,503Latest accounts 31 days late; 1 of the last 3 latelowers riskSize: total assets €4.0mFigures for financial year 2025 (filed 31-08-2026)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 68% of its sector peers (NACE 68, small)
Financial strength · tick = 2024
Strong
Solvency 91+5
equity 66.4% of total assets
Liquidity 53+1
short-term debt 10.9% · cash 3.0%
Profitability 63-1
return on assets 1.6%
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 0.1% (6,971 companies, NACE 68, small)
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%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025highest value 09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 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: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €250,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.39, compared with 0.35 in 2024; short-term debt: 10.9% and cash: 3% of total assets), and 33.6% 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 68, small): better than 79% on solvency, 75% on liquidity, 61% on profitability and 55% on growth.

The bankruptcy probability was computed on 11-10-2026 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 riskneutral
lowers risk · Size: total assets €4.0m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.39, cash €118,503
NBB · annual accounts
raises risk · Latest accounts 31 days late; 1 of the last 3 late
NBB · filings
lowers risk · Figures for financial year 2025 (filed 31-08-2026)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 days late
2024
26 days late
2023
23 days late
2022
3 days late
2021
29 days late
2020
30 days late
2019
125 days late
← 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 68) for financial year 2024 is 7 days before the deadline, and 36% 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 26 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 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. Resignations: Corstjens Godfried, Corstjens Willem and…Appointments: Corstiens Hilde, Corstiens Koen…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Board changedlatest change 05-03-2026 · 5 in office 5 joined · 3 left View
  • Positive: 4th oldest company in Maaseik, Real estate sectorin the Checked rankings No. 4 View
  • Active since 1983founded 09-03-1983 43 years View

By topic

Financials

Financial year
2025
Total assets
€4.0m
Profit
€62,315
Solvency
66.4%
Total assets▼ 5.2%
Net result
20182025
Go to Financials

Board & ownership

Board
5 members
  • Corstiens HildeDirector
  • Corstiens KoenDirector
  • Corstjens AnDirector
  • Corstjens KatrienDirector
  • Corstjens VeerleDirector
Go to Board & ownership

Timeline

Events
49
Since
1984
Next accounts
by 31-07-2027
  1. 31-12-2024Back to profit
  2. 23-08-2024Annual accounts filed
  3. 03-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased residential…NACE 68201
Founded
09-03-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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