GARCQ
ActiveGARCQ has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €664k and a net result of €-329k. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability14▼-23
Solvency33▼-7
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity short (current ratio 0.68 against 0.58 in 2023; short-term debt: 49.6% and cash: 0.1% of total assets), and 91.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
8.4%
Return on assets
-4.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year €-329k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-04-2026, 271 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
271 d late
2023
65 d late
2022
on the day
2021
31 d late
2020
396 d late
2019
119 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-329k▼ 1,058%
2023 · €-28k
2019: €-89k
2020: €-59k
2021: €-130k
2022: €-213k
2023: €-28k
2019 → 2024
Working capital
€-1.25M▼ 34.9%
2023 · €-929k
2019: €-1.72M
2020: €-2.01M
2021: €-1.60M
2022: €-821k
2023: €-929k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.36M-€1.23M▼ 9.5%€1.02M▼ 17.3%€993k▼ 2.8%€664k▼ 33.1%
Operating result€-16k-€-73k▼ 354%€-153k▼ 109%€20k€-304k
Net result€-59k-€-130k▼ 119%€-213k▼ 63.8%€-28k▲ 86.7%€-329k▼ 1,058%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €304k after €20k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.92M
Fixed assets
€5.24M▼ 3.8%
Current assets
€2.68M▲ 108%
Equity and liabilities €7.92M
Equity
€664k▼ 33.1%
Debt
€7.26M▲ 26.3%
The debt ratio rises from 85.3% to 91.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-80k▼
2023 · €177k
Cash flow
€-105k▼
2023 · €129k
Solvency
8.4%▼
2023 · 14.7%
Current ratio
0.68▲
2023 · 0.58
Quick ratio
0.68▲
2023 · 0.58
Debt / equity
10.93▲
2023 · 5.79
ROE
-49.5%▼
2023 · -2.9%
ROA
-4.1%▼
2023 · -0.4%
Interest coverage
-1.10▼
2023 · 2.31
Debt
€7.26M▲
2023 · €5.75M
Debt ≤ 1 year
€3.93M▲
2023 · €2.22M
Debt > 1 year
€3.33M▼
2023 · €3.53M
Income taxes
€22
Staff costs
€15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€6.74M€7.92M▲
Formation expenses20€812€0▼
Fixed assets21/28€5.45M€5.24M▼
Tangible fixed assets22/27€5.44M€5.23M▼
Land and buildings22€4.58M€4.36M▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€18k€24k▲
Assets under construction and advance payments27€843k€847k▲
Financial fixed assets28€11k€10k▼
Current assets29/58€1.29M€2.68M▲
Amounts receivable within one year40/41€866k€2.67M▲
Trade receivables40€644k€425k▼
Other amounts receivable41€222k€2.24M▲
Cash at bank and in hand54/58€421k€11k▼
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€6.74M€7.92M▲
Equity10/15€993k€664k▼
Contributions10/11€1.51M€1.51M=
Profit (loss) carried forward14€-520k€-849k▼
Amounts payable17/49€5.75M€7.26M▲
Amounts payable after more than one year17€3.53M€3.33M▼
Financial debts170/4€3.53M€3.33M▼
Amounts payable within one year42/48€2.22M€3.93M▲
Current portion of amounts payable after more than one year42€200k€204k▲
Trade debts44€213k€230k▲
Suppliers440/4€213k€230k▲
Taxes, remuneration and social security45€9k€86k▲
Taxes450/3€9k€82k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48€1.79M€3.41M▲
Income statement
Code20232024
Remuneration, social security and pensions62-€15k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€157k€224k▲
Other operating charges640/8€57k€31k▼
Non-recurring operating charges66A-€25k
Gross operating margin9900€234k€-9k▼
Operating profit (loss)9901€20k€-304k▼
Financial income75/76B€29k€48k▲
Recurring financial income75€29k€48k▲
Financial charges65/66B€77k€72k▼
Recurring financial charges65€77k€72k▼
Profit (loss) for the period before taxes9903€-28k€-329k▼
Income taxes67/77-€22
Profit (loss) for the period9904€-28k€-329k▼
Profit (loss) for the period to be appropriated9905€-28k€-329k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-520k€-849k▼
Profit (loss) brought forward from the previous period14P€-492k€-520k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 271 days late
2024
31-12
Financial
Weakest financial yearnet €-329k
Net result drops to €-329k, the lowest in the series.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 65 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 396 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
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, Stoumont · 1 establishment unit since 2019
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.
Andrimont 34987 StoumontGround area
126 m²
Building footprint
141 m²
Volume, LiDAR
1,065 m³
Parcel 63042D1047/00C000, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GARCQ
since 20192.290.881.167
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63042D1047/00C000 | Wallonia | 126 m² | 1 · 141 m² | 10.6 m · 3 fl. |
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.
Similar companies · same sector, comparable size
NAVINVEST
BE 0443.212.893
Ukkel · Eq €664k
CBI VASTGOED
BE 0589.944.397
Eeklo · Eq €664k
IMMODEY
BE 0865.669.273
Deinze · Eq €663k
Maison FLEURQUIN
BE 0441.380.187
Brugelette · Eq €663k
LAMBRECHT CONSULT
BE 0469.221.068
Vorst · Eq €665k
Of 11,749 companies in sector 68310 we hold annual accounts for 6,907. 4,250 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-2019
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68310Real estate agency activities
68311Real estate activities
70200Business and other management consultancy
70220Business consulting
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.