GARDEN CONCEPT

Active

Private limited companyfounded 198343 yrs activeRue de la Fraternité 38, 1420 Braine-l'Alleud, BelgiumKBO/BCE: BE 0423.952.455

Summary

GARDEN CONCEPT has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14k and a net result of €-10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 53% of 5894 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

49 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency69▼-24

Growth52=

Track record100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity ample (current ratio 1.78 against 3.07 in 2023; short-term debt: 55.8% of total assets), but 55.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

44.2%

Return on assets

-31.9%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-10k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 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 filings

Deviation from the deadline

2025

not confirmed

2024

75 d late

2023

33 d early

2022

32 d late

2021

29 d late

2020

30 d late

2019

104 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€71k

EBIT margin

-2.7%

Net result

€-10k▲ 40.4%

2023 · €-16k

2018: €-4k 2019: €9k 2020: €12k 2021: €13k 2022: €-8k 2023: €-16k

2018 → 2024

Working capital

€13k▼ 40.7%

2023 · €23k

2018: €13k 2019: €23k 2020: €35k 2021: €48k 2022: €39k 2023: €23k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€35k-€48k▲ 37.4%€40k▼ 16.2%€23k▼ 41.3%€14k▼ 41.9%

Operating result€13k-€15k▲ 13.0%€-7k€-13k▼ 77.2%€-8k▲ 35.2%

Net result€12k-€13k▲ 8.8%€-8k€-16k▼ 114%€-10k▲ 40.4%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €8k in 2024 against €13k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €31k

99.5%

Fixed assets €151 ▼ 79.4%

Current assets €31k ▼ 8.9%

Equity and liabilities €31k

44.2%

55.8%

Equity €14k ▼ 41.9%

Debt €17k ▲ 56.8%

Debt's share of the balance-sheet total rises from 31.9% to 55.8%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-8k▲

2023 · €-12k

Cash flow

€-9k▲

2023 · €-16k

Current ratio

1.78▼

2023 · 3.07

Debt to equity

1.26▲

2023 · 0.47

ROE

-72.2%▼

2023 · -70.3%

ROA

-31.9%▲

2023 · -47.9%

Interest coverage

-3.81▲

2023 · -12.07

Debt ≤ 1 year

€17k▲

2023 · €11k

Income taxes

€12▼

2023 · €4k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines

Balance sheet Code20232024

Assets

Total assets20/58€34k€31k▼

Fixed assets21/28€732€151▼

Tangible fixed assets22/27€732€151▼

Plant, machinery and equipment23€575€151▼

Furniture and vehicles24€157-

Current assets29/58€34k€31k▼

Amounts receivable within one year40/41€31k€30k▼

Trade receivables40€21k€23k▲

Other amounts receivable41€10k€7k▼

Current investments50/53€112-

Deferred charges and accrued income490/1€2k€860▼

Equity and liabilities

Total equity and liabilities10/49€34k€31k▼

Equity10/15€23k€14k▼

Contributions10/11€19k€19k=

Outside capital11€19k-

Share premium1100/10€19k-

Reserves13€2k€2k=

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€3k€-7k▼

Amounts payable17/49€11k€17k▲

Amounts payable within one year42/48€11k€17k▲

Current portion of amounts payable after more than one year42€928-

Financial debts43€3k€14k▲

Credit institutions430/8€3k€14k▲

Trade debts44€2k€97▼

Suppliers440/4€2k€97▼

Taxes, remuneration and social security45€4k€3k▼

Taxes450/3€4k€3k▼

Income statement Code20232024

Remuneration, social security and pensions62€55-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€581€581=

Other operating charges640/8€731€622▼

Gross operating margin9900€-11k€-7k▲

Operating profit (loss)9901€-13k€-8k▲

Financial income75/76B€1k€488▼

Recurring financial income75€1k€488▼

Financial charges65/66B€1k€2k▲

Recurring financial charges65€1k€2k▲

Profit (loss) for the period before taxes9903€-13k€-10k▲

Income taxes67/77€4k€12▼

Profit (loss) for the period9904€-16k€-10k▲

Profit (loss) for the period to be appropriated9905€-16k€-10k▲

Appropriation of the result

Profit (loss) to be appropriated9906€3k€-7k▼

Profit (loss) brought forward from the previous period14P€19k€3k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

14-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 75 days late

2024

28-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-16k

Net result drops to €-16k, the lowest in the series; recovery starts the following year.

01-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 32 days late

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

31-12

Financial Highest result since 2018net €13k ▲8.8%

Operating result €15k, net result €13k, both a record.

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

12-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 104 days late

2019

31-12

Financial Back to profitnet €9k

Net result €9k after one loss-making year.

31-12

Financial Liquidity doublescurrent ratio 5.45

Current ratio from 2.36 to 5.45; short-term debt falls from €10k to €5k.

09-10

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 70 days late

2018

28-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 59 days late

2017

28-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 28 days late

2016

27-09

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 58 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Braine-l'Alleud · 1 establishment unit since 2016

establishment The establishment unit on the map

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.

Rue de la Fraternité 381420 Braine-l'Alleud

Ground area

380 m²

Building footprint

61 m²

Volume, LiDAR

490 m³

Parcel 25744D0231/00_000, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Garden Concept

Rue de la Fraternité 38, 1420 Braine-l'AlleudCivil engineering

since 20162.253.831.721

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25744D0231/00_000	Wallonia	380 m²	1 · 61 m²	9.6 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

Kalmthout · Eq €13,626

Kortrijk · Eq €13,637

Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 2,761 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded01-04-1983

Fiscal year end31-12

Activities, NACEBEL 2025

81300Landscape service activities

Sources

Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.