GARI
ActiveSummary
GARI has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €351k and a net result of €-8k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 80% of 642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-20
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 6.75 in 2024; short-term debt: 17.8% and cash: 0.5% of total assets), and 18.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← 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 · 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 2025Solvency, return and age of the figures
Solvency
81.8%
Return on assets
-1.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
3 d early
2023
on the day
2022
3 d early
2021
27 d early
2020
8 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-8k
2024 · €565
2019: €91k
2020: €67k▼ -26.4% vs 2019
2021: €58k▼ -13.5% vs 2020
2022: €100k▲ +71.3% vs 2021highest in 7 years
2023: €-27k▼ -127% vs 2022lowest in 7 years
2024: €565▲ +102% vs 2023
2025: €-8k▼ -1476% vs 2024
2019 → 2025
Working capital
€22k▼ 92.7%
2024 · €298k
2019: €150k
2020: €186k▲ +24.3% vs 2019
2021: €215k▲ +15.4% vs 2020
2022: €402k▲ +87.2% vs 2021
2023: €420k▲ +4.3% vs 2022highest in 7 years
2024: €298k▼ -29.1% vs 2023
2025: €22k▼ -92.7% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€709k-€809k▲ 14.0%€723k▼ 10.7%€623k▼ 13.8%€351k▼ 43.7%
2021: €709k
2022: €809k▲ +14.0% vs 2021highest in 5 years
2023: €723k▼ -10.7% vs 2022
2024: €623k▼ -13.8% vs 2023
2025: €351k▼ -43.7% vs 2024lowest in 5 years
Operating result€88k-€142k▲ 61.9%€-32k€-6k▲ 80.1%€-13k▼ 102%
2021: €88k
2022: €142k▲ +61.9% vs 2021highest in 5 years
2023: €-32k▼ -122% vs 2022lowest in 5 years
2024: €-6k▲ +80.1% vs 2023
2025: €-13k▼ -102% vs 2024
Net result€58k-€100k▲ 71.3%€-27k€565€-8k
2021: €58k
2022: €100k▲ +71.3% vs 2021highest in 5 years
2023: €-27k▼ -127% vs 2022lowest in 5 years
2024: €565▲ +102% vs 2023
2025: €-8k▼ -1476% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2025 against €6k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €429k
Fixed assets
€331k ▼ 4.2%
Current assets
€98k ▼ 71.9%
Equity and liabilities €429k
Equity
€351k ▼ 43.7%
Debt
€78k ▲ 8.9%
Debt's share of the balance-sheet total rises from 10.3% to 18.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▼
2024 · €9k
Cash flow
€8k▼
2024 · €16k
Current ratio
1.28▼
2024 · 6.75
Debt to equity
0.22▲
2024 · 0.12
ROE
-2.2%▼
2024 · 0.1%
ROA
-1.8%▼
2024 · 0.1%
Interest coverage
3.61▼
2024 · 5.75
Debt ≤ 1 year
€77k▲
2024 · €52k
Debt > 1 year
€2k▼
2024 · €16k
Income taxes
€397▲
2024 · €379
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€695k€429k▼
Fixed assets21/28€345k€331k▼
Tangible fixed assets22/27€316k€302k▼
Land and buildings22€315k€300k▼
Furniture and vehicles24€690€957▲
Other tangible fixed assets26€350€350=
Financial fixed assets28€29k€29k=
Current assets29/58€349k€98k▼
Amounts receivable within one year40/41€275k€91k▼
Trade receivables40€3k€7k▲
Other amounts receivable41€272k€84k▼
Cash at bank and in hand54/58€71k€2k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€695k€429k▼
Equity10/15€623k€351k▼
Contributions10/11€212k-
Reserves13€425k€373k▼
Tax-exempt reserves132€27k€27k=
Distributable reserves133€398k€346k▼
Profit (loss) carried forward14€-14k€-22k▼
Amounts payable17/49€72k€78k▲
Amounts payable after more than one year17€16k€2k▼
Financial debts170/4€15k-
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€52k€77k▲
Current portion of amounts payable after more than one year42€44k€16k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Other amounts payable47/48-€56k
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€13k€7k▼
Operating profit (loss)9901€-6k€-13k▼
Financial income75/76B€9k€6k▼
Recurring financial income75€9k€6k▼
Financial charges65/66B€2k€839▼
Recurring financial charges65€2k€839▼
Profit (loss) for the period before taxes9903€944€-7k▼
Income taxes67/77€379€397▲
Profit (loss) for the period9904€565€-8k▼
Profit (loss) for the period to be appropriated9905€565€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-22k▼
Profit (loss) brought forward from the previous period14P€-15k€-14k▲
Transfer from equity791/2€100k€52k▼
Profit to be distributed694/7€100k€52k▼
Return on contributions (dividend)694€100k€52k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €22k | €16k | €15k | €16k | ▲ 2.0% |
| Other operating charges640/8 | - | €4k | €4k | €4k | €3k | ▼ 4.3% |
| Gross operating margin9900 | €121k | €168k | €-11k | €13k | €7k | ▼ 49.0% |
| Operating profit (loss)9901 | €88k | €142k | €-32k | €-6k | €-13k | ▼ 102% |
| Financial income75/76B | - | €8k | €9k | €9k | €6k | ▼ 30.3% |
| Recurring financial income75 | €7k | €8k | €9k | €9k | €6k | ▼ 30.3% |
| Financial charges65/66B | - | €6k | €2k | €2k | €839 | ▼ 47.2% |
| Recurring financial charges65 | €6k | €6k | €2k | €2k | €839 | ▼ 47.2% |
| Profit (loss) for the period before taxes9903 | €89k | €144k | €-25k | €944 | €-7k | ▼ 882% |
| Income taxes67/77 | €31k | €44k | €2k | €379 | €397 | ▲ 4.8% |
| Profit (loss) for the period9904 | €58k | €100k | €-27k | €565 | €-8k | ▼ 1,476% |
| Transfer from tax-exempt reserves789 | - | €105k | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | €27k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €78k | €177k | €-27k | €565 | €-8k | ▼ 1,476% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.04M | €1.00M | €832k | €695k | €429k | ▼ 38.2% |
| Fixed assets21/28 | €708k | €510k | €363k | €345k | €331k | ▼ 4.2% |
| Tangible fixed assets22/27 | €655k | €479k | €332k | €316k | €302k | ▼ 4.6% |
| Land and buildings22 | - | €478k | €330k | €315k | €300k | ▼ 4.7% |
| Furniture and vehicles24 | - | - | €1k | €690 | €957 | ▲ 38.7% |
| Other tangible fixed assets26 | - | €350 | €350 | €350 | €350 | = |
| Financial fixed assets28 | €53k | €31k | €31k | €29k | €29k | = |
| Current assets29/58 | €332k | €493k | €469k | €349k | €98k | ▼ 71.9% |
| Amounts receivable within one year40/41 | €325k | €384k | €357k | €275k | €91k | ▼ 67.0% |
| Trade receivables40 | - | €17k | €245 | €3k | €7k | ▲ 98.6% |
| Other amounts receivable41 | - | €367k | €357k | €272k | €84k | ▼ 69.1% |
| Cash at bank and in hand54/58 | €6k | €104k | €107k | €71k | €2k | ▼ 96.9% |
| Deferred charges and accrued income490/1 | - | €5k | €5k | €3k | €5k | ▲ 86.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.04M | €1.00M | €832k | €695k | €429k | ▼ 38.2% |
| Equity10/15 | €709k | €809k | €723k | €623k | €351k | ▼ 43.7% |
| Contributions10/11 | - | €212k | €212k | €212k | - | - |
| Reserves13 | €485k | €585k | €525k | €425k | €373k | ▼ 12.2% |
| Tax-exempt reserves132 | - | €27k | €27k | €27k | €27k | = |
| Distributable reserves133 | - | €558k | €498k | €398k | €346k | ▼ 13.1% |
| Profit (loss) carried forward14 | €12k | €12k | €-15k | €-14k | €-22k | ▼ 54.4% |
| Amounts payable17/49 | €330k | €194k | €109k | €72k | €78k | ▲ 8.9% |
| Amounts payable after more than one year17 | €213k | €103k | €60k | €16k | €2k | ▼ 90.1% |
| Financial debts170/4 | - | €101k | €58k | €15k | - | - |
| Other amounts payable178/9 | - | €2k | €2k | €2k | €2k | = |
| Amounts payable within one year42/48 | €117k | €90k | €49k | €52k | €77k | ▲ 48.0% |
| Current portion of amounts payable after more than one year42 | - | €42k | €43k | €44k | €16k | ▼ 63.5% |
| Trade debts44 | - | €3k | €3k | €3k | €2k | ▼ 44.1% |
| Suppliers440/4 | - | €3k | €3k | €3k | €2k | ▼ 44.1% |
| Taxes, remuneration and social security45 | - | €38k | €3k | €5k | €3k | ▼ 45.2% |
| Taxes450/3 | - | €38k | €3k | €5k | €3k | ▼ 45.2% |
| Other amounts payable47/48 | - | €7k | - | - | €56k | - |
| Accrued charges and deferred income492/3 | - | - | - | €4k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58k | €100k | €-27k | €565 | €-8k | ▼ 1,476% |
| + Depreciation and write-downs630 | €29k | €22k | €16k | €15k | €16k | ▲ 2.0% |
| Operating cash flow (approximation) | €87k | €121k | €-11k | €16k | €8k | ▼ 50.3% |
| Investment in fixed assets (approximation) | - | €176k | €131k | €2k | €-1k | ▼ 152% |
| Change in cash | - | €97k | €3k | €-36k | €-69k | ▼ 93.4% |
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
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Back to profitnet €565
Net result €565 after one loss-making year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Highest result since 2019net €100k ▲71.3%
Operating result €142k, net result €100k, both a record.
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
04-10
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 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
9 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2003
Ground area
1,538 m²
Building footprint
213 m²
Volume, LiDAR
1,040 m³
2 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
32
companies at this address
See who is registered here
1 establishment unit
DOCTEUR P. PARIS
since 20032.135.463.413
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62019B0135/00D000 | Wallonia | 1,446 m² | 1 · 177 m² | 8.2 m · 2 fl. |
| 25385C0212/00D000 | Wallonia | 92 m² | 1 · 36 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
DR. STEFAN VAN HOOREWEGHE
BE 0471.081.092
Koksijde · Eq €350,915
MINTSCORPIO
BE 0755.463.219
Nivelles · Eq €350,720
Dr. X. Elzo Kraemer, Medisch Oncoloog
BE 0740.484.043
Oudenaarde · Eq €350,589
FRH
BE 0647.636.435
Kortrijk · Eq €350,579
Docteur Jean-Michel KNOTT
BE 0892.614.388
Theux · Eq €351,374
Of 16,625 companies in sector 86220 we hold annual accounts for 7,979. 6,627 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
Founded19-12-2003
Fiscal year end31-03
Activities, NACEBEL 2025
86220Specialist medical practice
Scores and ratios are computed by Checked and are not a credit decision.