GARFER
ActiveThe computed 12-month bankruptcy probability of GARFER is 2.6% (moderate). The 2024 annual accounts show negative equity (€-9k) and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 36376 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
18
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability4▲+3
Solvency0▼-24
Growth22▼-6
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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 · 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 2024Age of the figures
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-9k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
70 d early
2022
114 d late
2021
31 d late
2020
12 d late
2019
38 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€69k▼ 34.6%
2023 · €105k
2018: €131k
2019: €80k
2020: €139k
2022: €145k
2023: €105k
2018 → 2024
EBIT margin
-11.3%▼ 1.1pp
2023 · -10.1%
2018: -4.7%
2019: -0.7%
2020: 1.4%
2022: 3.8%
2023: -10.1%
2018 → 2024
Net result
€-9k▲ 26.3%
2023 · €-12k
2018: €-6k
2019: €-1k
2020: €1k
2021: €2k
2022: €5k
2023: €-12k
2018 → 2024
Working capital
€-6k
2023 · €38
2018: €4k
2019: €3k
2020: €5k
2021: €7k
2022: €9k
2023: €38
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€139k-€145k€105k▼ 27.5%€69k▼ 34.6%
Equity€5k-€7k▲ 40.8%€11k▲ 67.0%€-134€-9k▼ 6,376%
Operating result€2k-€2k▲ 30.3%€5k▲ 124%€-11k€-8k▲ 27.3%
Net result€1k-€2k▲ 74.6%€5k▲ 131%€-12k€-9k▲ 26.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2024 against €11k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5k
Fixed assets
€2k▼ 73.6%
Current assets
€3k▼ 67.2%
Key figures and ratios
EBITDA
€-1k▲
2023 · €-4k
Cash flow
€-2k▲
2023 · €-5k
Interest coverage
-1.94▲
2023 · -5.45
Debt
€14k▼
2023 · €17k
Debt ≤ 1 year
€8k▲
2023 · €8k
Debt > 1 year
€5k▼
2023 · €9k
Ratios withheld: a balance sheet total of €5k is too small for a meaningful ratio.
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€17k€5k▼
Fixed assets21/28€9k€2k▼
Tangible fixed assets22/27€8k€2k▼
Furniture and vehicles24€8k€2k▼
Financial fixed assets28€150€150=
Current assets29/58€8k€3k▼
Amounts receivable within one year40/41€6k€3k▼
Other amounts receivable41€6k€3k▼
Cash at bank and in hand54/58€3k€60▼
Equity and liabilities
Total equity and liabilities10/49€17k€5k▼
Equity10/15€-134€-9k▼
Contributions10/11€8k€8k=
Reserves13€515€515=
Non-distributable reserves130/1€515€515=
Reserves not available under the articles1311€515€515=
Profit (loss) carried forward14€-9k€-17k▼
Amounts payable17/49€17k€14k▼
Amounts payable after more than one year17€9k€5k▼
Financial debts170/4€9k€5k▼
Amounts payable within one year42/48€8k€8k▲
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44-€3k
Suppliers440/4-€3k
Other amounts payable47/48€4k€2k▼
Income statement
Code20232024
Turnover70€105k€69k▼
Goods, raw materials, services and sundry goods60/61€109k€69k▼
Remuneration, social security and pensions62€349-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€597€788▲
Gross operating margin9900€-3k€-661▲
Operating profit (loss)9901€-11k€-8k▲
Financial charges65/66B€800€748▼
Recurring financial charges65€800€748▼
Profit (loss) for the period before taxes9903€-11k€-9k▲
Income taxes67/77€69-
Profit (loss) for the period9904€-12k€-9k▲
Profit (loss) for the period to be appropriated9905€-12k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-17k▼
Profit (loss) brought forward from the previous period14P€3k€-9k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-12k ▼352%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 114 days late
2022
31-12
Financial
Highest result since 2018net €5k ▲131%
Operating result €5k, net result €5k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-01-2026
Resigned as Manager
Location & real-estate footprint
Registered office, Hélécine · 1 establishment unit since 2010
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 Pistraete, Neerh. 11357 HélécineGround area
499 m²
Building footprint
152 m²
Volume, LiDAR
1,027 m³
2 parcels, Brussels, Wallonia · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GARFER
since 20102.186.881.034
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25069B0542/00F000 | Wallonia | 412 m² | 1 · 66 m² | - |
| 21810L2561/00Z007 | Brussels | 87 m² | 1 · 87 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0431.343.954
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ART COLORS
BE 1004.140.238
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BE 1022.523.817
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Of 7,864 companies in sector 43341 we hold annual accounts for 2,664. 1,737 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-2009
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
46712Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.