GARDEN
ActiveThe file of GARDEN contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.6% (low). The 2024 annual accounts show equity of €30,685 and a net result of €8,308. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 26049 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+41
Solvency100▲+5
Growth78▲+46
Track record85
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
cash: 61.1% of total assets, and 0% 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-12-2025, 153 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
22 d late
2022
60 d late
2021
107 d late
2020
73 d late
2019
431 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 141 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€30,685▲ 37.1%
2023 · €22,377
Total assets
€30,685▼ 3.7%
2023 · €31,850
Net result
€8,308▲ 491%
2023 · €1,405
Working capital
€15,969▲ 14.5%
2022 · €13,951
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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
Operating result€2,995€4,663▲ 55.7%€1,177▼ 74.8%€2,249▲ 91.2%€8,533▲ 279%
Net result€1,020within the sector's middle half€2,456within the sector's middle half▲ 141%€694within the sector's middle half▼ 71.8%€1,405within the sector's middle half▲ 103%€8,308within the sector's middle half▲ 491%
Equity€17,822within the sector's middle half▲ 6.1%€20,278within the sector's middle half▲ 13.8%€20,972within the sector's middle half▲ 3.4%€22,377within the sector's middle half▲ 6.7%€30,685within the sector's middle half▲ 37.1%
Total assets€21,041below the sector's middle half▲ 15.1%€23,005below the sector's middle half▲ 9.3%€26,698below the sector's middle half▲ 16.1%€31,850below the sector's middle half▲ 19.3%€30,685below the sector's middle half▼ 3.7%
Debt€3,219▲ 117%€2,727▼ 15.3%€5,727▲ 110%€9,473▲ 65.4%
Working capital€9,577within the sector's middle half▲ 20.5%€12,645within the sector's middle half▲ 32.0%€13,951within the sector's middle half▲ 10.3%€15,969within the sector's middle half▲ 14.5%
Solvency84.7%above the sector's middle half▼ 7.2pp88.1%above the sector's middle half▲ 3.4pp78.6%above the sector's middle half▼ 9.6pp70.3%above the sector's middle half▼ 8.3pp100.0%above the sector's middle half▲ 29.7pp
Current ratio3.98above the sector's middle half▼ 2.395.64above the sector's middle half▲ 1.663.44above the sector's middle half▼ 2.202.69within the sector's middle half▼ 0.75
Return on assets (ROA)4.8%within the sector's middle half▲ 65.2pp10.7%within the sector's middle half▲ 5.8pp2.6%within the sector's middle half▼ 8.1pp4.4%within the sector's middle half▲ 1.8pp27.1%above the sector's middle half▲ 22.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 279% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30,685
Fixed assets
€6,000 ▼ 6.4%
Current assets
€24,685 ▼ 3.0%
Key figures and ratios
EBITDA
€8,941▲
2023 · €2,862
Cash flow
€8,717▲
2023 · €2,018
ROE
27.1%▲
2023 · 6.3%
Interest coverage
39.87▲
2023 · 4.15
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €612 | €612 | €612 | €612 | €408 | ▼ 33.3% |
| Other operating charges640/8 | - | €100 | €2,605 | €1,959 | €3,068 | ▲ 56.6% |
| Gross operating margin9900 | €4,732 | €5,375 | €4,394 | €4,821 | €12,009 | ▲ 149% |
| Operating profit (loss)9901 | €2,995 | €4,663 | €1,177 | €2,249 | €8,533 | ▲ 279% |
| Financial charges65/66B | - | €2,207 | €483 | €689 | €224 | ▼ 67.4% |
| Recurring financial charges65 | €1,975 | €2,207 | €483 | €689 | €224 | ▼ 67.4% |
| Profit (loss) for the period before taxes9903 | €1,020 | €2,456 | €694 | €1,561 | €8,308 | ▲ 432% |
| Income taxes67/77 | - | - | - | €155 | - | - |
| Profit (loss) for the period9904 | €1,020 | €2,456 | €694 | €1,405 | €8,308 | ▲ 491% |
| Profit (loss) for the period to be appropriated9905 | €1,020 | €2,456 | €694 | €1,405 | €8,308 | ▲ 491% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,041 | €23,005 | €26,698 | €31,850 | €30,685 | ▼ 3.7% |
| Fixed assets21/28 | €8,245 | €7,633 | €7,021 | €6,408 | €6,000 | ▼ 6.4% |
| Tangible fixed assets22/27 | €2,245 | €1,633 | €1,021 | €408 | - | - |
| Plant, machinery and equipment23 | - | €1,633 | €1,021 | €408 | - | - |
| Financial fixed assets28 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Current assets29/58 | €12,796 | €15,372 | €19,678 | €25,442 | €24,685 | ▼ 3.0% |
| Stocks and contracts in progress3 | €2,491 | €9,517 | €11,535 | €9,669 | €3,314 | ▼ 65.7% |
| Stocks30/36 | - | €9,517 | €11,535 | €9,669 | €3,314 | ▼ 65.7% |
| Amounts receivable within one year40/41 | €5,977 | €4,365 | €3,749 | €10,977 | €2,609 | ▼ 76.2% |
| Trade receivables40 | - | €50 | - | €1,500 | €1,500 | = |
| Other amounts receivable41 | - | €4,315 | €3,749 | €9,477 | €1,109 | ▼ 88.3% |
| Cash at bank and in hand54/58 | €4,327 | €1,386 | €4,188 | €4,469 | €18,763 | ▲ 320% |
| Deferred charges and accrued income490/1 | - | €104 | €205 | €327 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,041 | €23,005 | €26,698 | €31,850 | €30,685 | ▼ 3.7% |
| Equity10/15 | €17,822 | €20,278 | €20,972 | €22,377 | €30,685 | ▲ 37.1% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | - | - | - | - | €18,592 | - |
| Other1109/19 | - | - | - | - | €18,592 | - |
| Reserves13 | €9,248 | €9,248 | €9,248 | €9,248 | €9,248 | = |
| Non-distributable reserves130/1 | - | €1,884 | €1,884 | €1,884 | - | - |
| Reserves not available under the articles1311 | - | €1,884 | €1,884 | €1,884 | - | - |
| Distributable reserves133 | - | €7,365 | €7,365 | €7,365 | €9,248 | ▲ 25.6% |
| Profit (loss) carried forward14 | -€10,018 | -€7,562 | -€6,869 | -€5,463 | €2,845 | ▲ 152% |
| Amounts payable17/49 | €3,219 | €2,727 | €5,727 | €9,473 | - | - |
| Amounts payable within one year42/48 | €3,219 | €2,727 | €5,727 | €9,473 | - | - |
| Trade debts44 | €1,212 | €2,632 | €5,727 | €6,688 | - | - |
| Suppliers440/4 | - | €2,632 | €5,727 | €6,688 | - | - |
| Taxes, remuneration and social security45 | - | €94 | - | €2,785 | - | - |
| Taxes450/3 | - | €94 | - | €2,785 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,020 | €2,456 | €694 | €1,405 | €8,308 | ▲ 491% |
| + Depreciation and write-downs630 | €612 | €612 | €612 | €612 | €408 | ▼ 33.3% |
| Operating cash flow (approximation) | €1,632 | €3,068 | €1,306 | €2,018 | €8,717 | ▲ 332% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,941 | €2,802 | €281 | €14,294 | ▲ 4,988% |
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
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
Financial
Highest result since 2018net €8,308 ▲491%
Operating result €8,533, net result €8,308, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 107 days late
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 431 days late
2020
31-12
Financial
Back to profitnet €1,020
Net result €1,020 after one loss-making year.
2019
31-12
Financial
Weakest financial yearnet -€11,038
Net result drops to -€11,038, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 70 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 197 days late
Show earlier events
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
2013
19-07
Bankruptcy
Bankruptcy reversal
Rechtbank van koophandel te Antwerpen · event 10-07-2013
14-06
Bankruptcy
Opening
Rechtbank van koophandel te Antwerpen · event 30-05-2013
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Antwerpen · 1 establishment unit since 1994
Ground area
116 m²
Building footprint
116 m²
Volume, LiDAR
1,513 m³
Parcel 11802B1428/00H000, Flanders · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Van Boendalestraat 2, 2000 Antwerpen
since 19942.065.377.646
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B1428/00H000 | Flanders | 116 m² | 1 · 116 m² | 15.4 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Mr. LEENDERS SVEN, GROTE STEENWEG 154, 2600 BERCHEM (ANTWERPEN) |
30-05-2013 → 10-07-2013 |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.065.377.646
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Of 1,510 companies in sector 47252 we hold annual accounts for 652. 401 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
Founded09-11-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47252Retail sale of beverages, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451382372
Also
9925:BE0451382372
Registered
24-07-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.