GARDENAS
ActiveSummary
GARDENAS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.0m and a net result of €488,711. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 89% of 145 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-2
Solvency100=
Growth64=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650,000 at 30 days acceptable
Liquidity ample (current ratio 8.45 against 8.62 in 2024; short-term debt: 10.6% and cash: 3.8% of total assets), and 13.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.7%
Return on assets
5.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 filingsDeviation from the deadline
2025
6 d late
2024
29 d late
2023
49 d early
2022
on the day
2021
17 d early
2020
15 d early
2019
50 d early
← 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 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#3 company by equity in East Flanders, Wood and cork sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€11.4m▼ 12.6%
2020 · €13.0m
EBIT margin
13.2%▲ 3.5pp
2020 · 9.7%
Net result
€488,711▼ 14.5%
2024 · €571,738
Working capital
€7.3m▲ 3.3%
2024 · €7.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, 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
Line20212022202320242025
Turnover€11.4m
Operating result€1.5m▲ 22.6%€1.5m▼ 2.8%€581,668▼ 61.3%€748,485▲ 28.7%€717,516▼ 4.1%
Net result€1.1mabove the sector's middle half▲ 30.7%€1.0mabove the sector's middle half▼ 3.8%€400,294above the sector's middle half▼ 60.8%€571,738above the sector's middle half▲ 42.8%€488,711above the sector's middle half▼ 14.5%
EBIT margin13.2%
Equity€8.1mabove the sector's middle half▲ 11.5%€8.9mabove the sector's middle half▲ 10.2%€9.2mabove the sector's middle half▲ 3.6%€7.6mabove the sector's middle half▼ 17.4%€8.0mabove the sector's middle half▲ 5.1%
Total assets€9.6mabove the sector's middle half▲ 9.1%€10.4mabove the sector's middle half▲ 8.2%€10.1mabove the sector's middle half▼ 2.5%€8.8mabove the sector's middle half▼ 12.6%€9.2mwithin the sector's middle half▲ 4.5%
Debt€1.5m▼ 2.0%€1.5m▼ 2.2%€875,158▼ 39.7%€1.2m▲ 38.9%€1.2m▲ 0.6%
Working capital€7.1mabove the sector's middle half▲ 3.4%€8.2mabove the sector's middle half▲ 16.0%€8.5mabove the sector's middle half▲ 4.1%€7.0mabove the sector's middle half▼ 17.4%€7.3mabove the sector's middle half▲ 3.3%
Solvency84.5%above the sector's middle half▲ 1.8pp86.0%above the sector's middle half▲ 1.5pp91.3%above the sector's middle half▲ 5.3pp86.2%above the sector's middle half▼ 5.1pp86.7%above the sector's middle half▲ 0.5pp
Current ratio5.77above the sector's middle half▲ 0.238.64above the sector's middle half▲ 2.8616.77above the sector's middle half▲ 8.138.62above the sector's middle half▼ 8.158.45above the sector's middle half▼ 0.17
Return on assets (ROA)11.1%within the sector's middle half▲ 1.8pp9.9%within the sector's middle half▼ 1.2pp4.0%within the sector's middle half▼ 5.9pp6.5%within the sector's middle half▲ 2.5pp5.3%within the sector's middle half▼ 1.2pp
Staff (FTE)29.4above the sector's middle half▲ 13.5%27.7within the sector's middle half▼ 5.8%24.2above the sector's middle half▼ 12.6%21.5above the sector's middle half▼ 11.2%20.1within the sector's middle half▼ 6.5%
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result -61% on 2022. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.2m
Fixed assets
€981,046 ▲ 12.9%
Current assets
€8.2m ▲ 3.6%
Equity and liabilities €9.2m
Equity
€8.0m ▲ 5.1%
Debt
€1.2m ▲ 0.6%
Debt's share of the balance-sheet total falls from 13.8% to 13.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.1m▼
2024 · €1.1m
Cash flow
€825,982▼
2024 · €881,275
Quick ratio
3.33▼
2024 · 4.11
Debt to equity
0.15▼
2024 · 0.16
ROE
6.1%▼
2024 · 7.5%
Interest coverage
6.69▼
2024 · 8.12
Debt ≤ 1 year
€976,088▲
2024 · €923,851
Debt > 1 year
€244,457▼
2024 · €288,822
Income taxes
€135,137▼
2024 · €137,366
Staff costs
€974,998▲
2024 · €965,725
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 0.2% 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €11.4m | - | - | - | - |
| Turnover70 | - | €11.4m | - | - | - | - |
| Other operating income74 | - | €31,195 | - | - | - | - |
| Operating charges60/66A | - | €9.9m | - | - | - | - |
| Goods for resale, raw materials and consumables60 | - | €5.3m | - | - | - | - |
| Purchases600/8 | - | €6.2m | - | - | - | - |
| Change in stocks: decrease (increase)609 | - | -€856,400 | - | - | - | - |
| Services and other goods61 | - | €3.2m | - | - | - | - |
| Remuneration, social security and pensions62 | €1.1m | €1.0m | €981,835 | €965,725 | €974,998 | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €173,387 | €317,478 | €309,878 | €309,537 | €337,271 | ▲ 9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,358 | €0 | - | - | - |
| Other operating charges640/8 | €14,665 | €17,975 | €11,231 | €12,964 | €10,435 | ▼ 19.5% |
| Gross operating margin9900 | €2.9m | - | €1.9m | €2.0m | €2.0m | ▲ 0.2% |
| Operating profit (loss)9901 | €1.5m | €1.5m | €581,668 | €748,485 | €717,516 | ▼ 4.1% |
| Financial income75/76B | €30,059 | €51,398 | €79,737 | €90,915 | €63,890 | ▼ 29.7% |
| Recurring financial income75 | €30,059 | €51,398 | €79,737 | €90,915 | €63,890 | ▼ 29.7% |
| Income from current assets751 | - | €12,826 | - | - | - | - |
| Other financial income752/9 | - | €38,572 | - | - | - | - |
| Financial charges65/66B | €232,691 | €253,717 | €148,314 | €130,295 | €157,558 | ▲ 20.9% |
| Recurring financial charges65 | €232,691 | €253,717 | €148,314 | €130,295 | €157,558 | ▲ 20.9% |
| Debt charges650 | - | €13,085 | - | - | - | - |
| Other financial charges652/9 | - | €240,632 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.3m | €1.3m | €513,091 | €709,104 | €623,848 | ▼ 12.0% |
| Transfer from deferred taxes780 | €2,500 | €2,500 | €0 | - | - | - |
| Income taxes67/77 | €286,000 | €283,649 | €112,797 | €137,366 | €135,137 | ▼ 1.6% |
| Taxes670/3 | - | €283,649 | - | - | - | - |
| Profit (loss) for the period9904 | €1.1m | €1.0m | €400,294 | €571,738 | €488,711 | ▼ 14.5% |
| Transfer from tax-exempt reserves789 | €7,500 | €7,500 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €1.0m | €400,294 | €571,738 | €488,711 | ▼ 14.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.6m | €10.4m | €10.1m | €8.8m | €9.2m | ▲ 4.5% |
| Fixed assets21/28 | €1.0m | €1.1m | €1.0m | €869,212 | €981,046 | ▲ 12.9% |
| Intangible fixed assets21 | - | - | €10,738 | €8,588 | €6,438 | ▼ 25.0% |
| Tangible fixed assets22/27 | €1.0m | €1.1m | €1.0m | €860,624 | €974,608 | ▲ 13.2% |
| Land and buildings22 | €342 | €4,351 | €3,384 | €2,417 | €7,729 | ▲ 220% |
| Plant, machinery and equipment23 | €546,686 | €575,862 | €523,874 | €667,716 | €650,560 | ▼ 2.6% |
| Furniture and vehicles24 | €27,743 | €18,607 | €13,977 | €10,246 | €21,197 | ▲ 107% |
| Leasing and similar rights25 | - | €360,490 | €270,368 | €180,245 | €90,123 | ▼ 50.0% |
| Assets under construction and advance payments27 | €451,064 | €130,000 | €211,590 | €0 | €205,000 | - |
| Current assets29/58 | €8.5m | €9.3m | €9.1m | €8.0m | €8.2m | ▲ 3.6% |
| Amounts receivable after more than one year29 | €653,307 | €641,296 | €375,562 | €0 | - | - |
| Other amounts receivable291 | €653,307 | €641,296 | €375,562 | €0 | - | - |
| Stocks and contracts in progress3 | €4.0m | €4.9m | €4.6m | €4.2m | €5.0m | ▲ 19.9% |
| Stocks30/36 | €4.0m | €4.9m | €4.6m | €4.2m | €5.0m | ▲ 19.9% |
| Goods purchased for resale34 | - | €4.9m | - | - | - | - |
| Amounts receivable within one year40/41 | €2.1m | €1.2m | €1.6m | €2.3m | €2.4m | ▲ 3.0% |
| Trade receivables40 | €2.0m | €1.1m | €1.2m | €1.4m | €1.4m | ▼ 3.5% |
| Other amounts receivable41 | €64,846 | €106,270 | €475,025 | €923,830 | €1.0m | ▲ 13.0% |
| Current investments50/53 | - | - | €1.7m | €1.2m | €500,000 | ▼ 56.5% |
| Cash at bank and in hand54/58 | €1.8m | €2.5m | €820,224 | €313,211 | €349,950 | ▲ 11.7% |
| Deferred charges and accrued income490/1 | €2,209 | €3,351 | €17,671 | €4,054 | €3,228 | ▼ 20.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.6m | €10.4m | €10.1m | €8.8m | €9.2m | ▲ 4.5% |
| Equity10/15 | €8.1m | €8.9m | €9.2m | €7.6m | €8.0m | ▲ 5.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €8.0m | €8.8m | €9.2m | €7.6m | €7.9m | ▲ 5.1% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €7,500 | €0 | - | - | - | - |
| Distributable reserves133 | €8.0m | €8.8m | €9.2m | €7.5m | €7.9m | ▲ 5.2% |
| Profit (loss) carried forward14 | €0 | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €2,500 | €0 | - | - | - | - |
| Deferred taxes168 | €2,500 | €0 | - | - | - | - |
| Amounts payable17/49 | €1.5m | €1.5m | €875,158 | €1.2m | €1.2m | ▲ 0.6% |
| Amounts payable after more than one year17 | - | €374,837 | €332,275 | €288,822 | €244,457 | ▼ 15.4% |
| Financial debts170/4 | - | €374,837 | €332,275 | €288,822 | €244,457 | ▼ 15.4% |
| Leasing and similar obligations172 | - | €374,837 | - | - | - | - |
| Amounts payable within one year42/48 | €1.5m | €1.1m | €540,383 | €923,851 | €976,088 | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | €66,833 | €41,689 | €42,562 | €43,454 | €44,364 | ▲ 2.1% |
| Trade debts44 | €738,287 | €536,776 | €214,434 | €515,934 | €672,644 | ▲ 30.4% |
| Suppliers440/4 | €738,287 | €536,776 | €214,434 | €515,934 | €672,644 | ▲ 30.4% |
| Taxes, remuneration and social security45 | €286,770 | €250,336 | €168,690 | €147,394 | €124,904 | ▼ 15.3% |
| Taxes450/3 | €205,317 | €175,107 | €92,953 | €52,863 | €51,350 | ▼ 2.9% |
| Remuneration and social security454/9 | €81,453 | €75,229 | €75,737 | €94,531 | €73,553 | ▼ 22.2% |
| Other amounts payable47/48 | €387,644 | €243,666 | €114,696 | €217,069 | €134,177 | ▼ 38.2% |
| Accrued charges and deferred income492/3 | €3,002 | €3,002 | €2,500 | €3,285 | €2,500 | ▼ 23.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €1.0m | €400,294 | €571,738 | €488,711 | ▼ 14.5% |
| + Depreciation and write-downs630 | €173,387 | €317,478 | €309,878 | €309,537 | €337,271 | ▲ 9.0% |
| Operating cash flow (approximation) | €1.2m | €1.3m | €710,172 | €881,275 | €825,982 | ▼ 6.3% |
| Investment in fixed assets (approximation) | - | -€380,953 | -€254,499 | -€144,819 | -€449,105 | ▼ 210% |
| Change in cash | - | €752,760 | -€1.7m | -€507,013 | €36,739 | ▲ 107% |
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
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 6 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €1.1m ▲30.7%
Operating result €1.5m, net result €1.1m, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €76,502 ▼65.6%
Net result drops to €76,502, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Dendermonde · 1 establishment unit since 1992
Ground area
4,942 m²
Building footprint
2,550 m²
Volume, LiDAR
17,638 m³
Parcel 42021A0923/00A000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
GARDENAS
since 19922.057.729.195
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A0923/00A000 | Flanders | 4,942 m² | 1 · 2,550 m² | 8.7 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- Sport Plus Garden Service
- GARDENAS
Highest known parent: Sport Plus Garden Service. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2021 list no holdings, and no other source names one.
According to the 2021 annual accounts of GARDENAS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 20,537 EUR awarded · 20,537 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 5,537 EUR | 5,537 EUR |
| 2024 | 1 | 7,500 EUR | 7,500 EUR |
| 2023 | 1 | 7,500 EUR | 7,500 EUR |
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Of 105 companies in sector 16210 we hold annual accounts for 75. 32 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
16110Sawmilling and planing of wood
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
42990Civil engineering
46610Wholesale trade
47522Retail trade
71113Urban planning and landscape architecture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446780416
Registered
05-01-2026
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.