Financials
- Fiscal year
- 2024
- Total assets
- €16,706
- Profit
- €4,330
- Solvency
- -134.9%
Turnover▼ 59.3%
Net result
20202021
Gardenball
ActiveSummary
Gardenball has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€22,540) and a net result of €4,330. Equity is shrinking by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 4341 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Activity
Other professional, scientific and technical activities
NACE 74112NACE 74102
1 site
Size
€16,706total assets 2024
- Equity
- -€22,540
- Profit
- €4,330
Turnover not published (abridged schema)
Structure
Accounts 65 d overdue0 of 1 deed read
Why 54Capped at 59: negative equity- Figures for FY 2024 (filed 20-06-2025)- Founded in 2020+ Sector Other professional, scientific and technical activities (NACE 74)+ Size: total assets €16,706Show the evidence
Checked score
Score 2024
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 35% of its sector peers (NACE 74, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency
0=
equity -134.9% of total assets
Liquidity
40-10
short-term debt 197.0% · cash 31.7%
Profitability
77+77
return on assets 25.9%
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● 0.0% vs 11-2024
01-2025: 0.3%▼ -2.7% vs 12-2024
02-2025: 0.3%● 0.0% vs 01-2025
03-2025: 0.3%▲ +0.8% vs 02-2025
04-2025: 0.2%▼ -5.1% vs 03-2025lowest value
05-2025: 0.3%▲ +10.3% vs 04-2025
06-2025: 0.3%▲ +10.8% vs 05-2025
07-2025: 0.3%▲ +7.4% vs 06-2025
08-2025: 0.3%● 0.0% vs 07-2025
09-2025: 0.3%▲ +3.1% vs 08-2025
10-2025: 0.3%▲ +1.5% vs 09-2025
11-2025: 0.3%● 0.0% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%▼ -1.8% vs 12-2025
02-2026: 0.3%▲ +3.0% vs 01-2026
03-2026: 0.4%▲ +7.4% vs 02-2026
04-2026: 0.4%▲ +8.0% vs 03-2026
05-2026: 0.4%▲ +11.0% vs 04-2026
06-2026: 0.4%▼ -3.4% vs 05-2026
07-2026: 0.4%▲ +6.0% vs 06-2026
08-2026: 0.6%▲ +43.8% vs 07-2026
09-2026: 0.7%▲ +8.9% vs 08-2026
10-2026: 1.0%▲ +43.2% vs 09-2026highest value
- Sector Other professional, scientific and technical activities (NACE 74) lowers the probability
- Figures for FY 2024 (filed 20-06-2025) raises the probability
- Founded in 2020 raises the probability for this profile
- Size: total assets €16,706 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.46 against 0.24 in 2023; short-term debt: 197% and cash: 31.7% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 74, micro). Better than this share of them on solvency 6%, liquidity 24%, profitability 49%, growth against the median 63%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 4341 sector peers (2024).
NBB · sector comparisonPosition among 4341 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
24 d early
2022
2 d early
2021
22 d late
2020
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Back to profitnet €4,330
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 6
- Since
- 2021
- 20-06-2025Annual accounts filed
- 31-12-2024Back to profit
- 07-07-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other professional, scientific and technical activitiesNACE 74112
- Founded
- 25-02-2020
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.