GARIK GROUP
ActiveSummary
The computed 12-month bankruptcy probability of GARIK GROUP is 3.7% (moderate). The annual accounts of GARIK GROUP for fiscal year 2025 show a net loss of 93% of the equity at the start of that year. The 2025 annual accounts show equity of €535 and a net result of €-7k. Its solvency ranks better than 9% of 7838 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency28▼-54
Growth32
Track record82
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35 against 2.31 in 2024; short-term debt: 96.7% and cash: 5.3% of total assets), and 96.7% 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.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
3.3%
Return on assets
-46.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 2 filingsDeviation from the deadline
2025
27 d late
2024
10 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€535▼ 93.3%
2024 · €8k
2024: €8k
2025: €535▼ -93.3% vs 2024
2024 → 2025
Total assets
€16k▲ 14.1%
2024 · €14k
2024: €14k
2025: €16k▲ +14.1% vs 2024
2024 → 2025
Net result
€-7k
2024 · €8k
2024: €8k
2025: €-7k▼ -193% vs 2024
2024 → 2025
Working capital
€-10k
2024 · €8k
2024: €8k
2025: €-10k▼ -228% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€8k-€535▼ 93.3%
2024: €8k
2025: €535▼ -93.3% vs 2024
Operating result€10k-€-8k
2024: €10k
2025: €-8k▼ -179% vs 2024
Net result€8k-€-7k
2024: €8k
2025: €-7k▼ -193% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €10k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16k
Fixed assets
€11k ▲ 11,720%
Current assets
€5k ▼ 61.5%
Equity and liabilities €16k
Equity
€535 ▼ 93.3%
Debt
€15k ▲ 156%
Debt's share of the balance-sheet total rises from 43.0% to 96.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k
Cash flow
€-6k
Current ratio
0.35▼
2024 · 2.31
ROA
-46.6%▼
2024 · 57.0%
Interest coverage
-738.39
Debt ≤ 1 year
€15k▲
2024 · €6k
Income taxes
€-2▼
2024 · €2k
Equity ratios withheld: equity of €535 is too small for a meaningful ratio.
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€14k€16k▲
Fixed assets21/28€90€11k▲
Tangible fixed assets22/27-€11k
Furniture and vehicles24-€11k
Financial fixed assets28€90€90=
Current assets29/58€14k€5k▼
Amounts receivable within one year40/41€14k€4k▼
Trade receivables40-€0
Other amounts receivable41€14k€4k▼
Cash at bank and in hand54/58-€848
Deferred charges and accrued income490/1-€277
Equity and liabilities
Total equity and liabilities10/49€14k€16k▲
Equity10/15€8k€535▼
Profit (loss) carried forward14€8k€535▼
Amounts payable17/49€6k€15k▲
Amounts payable within one year42/48€6k€15k▲
Trade debts44€4k€11k▲
Suppliers440/4€4k€11k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€2k▼
Remuneration and social security454/9-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Other operating charges640/8€528€984▲
Gross operating margin9900€11k€-5k▼
Operating profit (loss)9901€10k€-8k▼
Financial income75/76B-€402
Recurring financial income75-€402
Financial charges65/66B-€8
Recurring financial charges65-€8
Profit (loss) for the period before taxes9903€10k€-7k▼
Income taxes67/77€2k€-2▼
Profit (loss) for the period9904€8k€-7k▼
Profit (loss) for the period to be appropriated9905€8k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€535▼
Profit (loss) brought forward from the previous period14P-€8k
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 | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2k | - |
| Other operating charges640/8 | €528 | €984 | ▲ 86.3% |
| Gross operating margin9900 | €11k | €-5k | ▼ 147% |
| Operating profit (loss)9901 | €10k | €-8k | ▼ 179% |
| Financial income75/76B | - | €402 | - |
| Recurring financial income75 | - | €402 | - |
| Financial charges65/66B | - | €8 | - |
| Recurring financial charges65 | - | €8 | - |
| Profit (loss) for the period before taxes9903 | €10k | €-7k | ▼ 175% |
| Income taxes67/77 | €2k | €-2 | ▼ 100% |
| Profit (loss) for the period9904 | €8k | €-7k | ▼ 193% |
| Profit (loss) for the period to be appropriated9905 | €8k | €-7k | ▼ 193% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €14k | €16k | ▲ 14.1% |
| Fixed assets21/28 | €90 | €11k | ▲ 11,720% |
| Tangible fixed assets22/27 | - | €11k | - |
| Furniture and vehicles24 | - | €11k | - |
| Financial fixed assets28 | €90 | €90 | = |
| Current assets29/58 | €14k | €5k | ▼ 61.5% |
| Amounts receivable within one year40/41 | €14k | €4k | ▼ 69.6% |
| Trade receivables40 | - | €0 | - |
| Other amounts receivable41 | €14k | €4k | ▼ 69.6% |
| Cash at bank and in hand54/58 | - | €848 | - |
| Deferred charges and accrued income490/1 | - | €277 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €14k | €16k | ▲ 14.1% |
| Equity10/15 | €8k | €535 | ▼ 93.3% |
| Profit (loss) carried forward14 | €8k | €535 | ▼ 93.3% |
| Amounts payable17/49 | €6k | €15k | ▲ 156% |
| Amounts payable within one year42/48 | €6k | €15k | ▲ 156% |
| Trade debts44 | €4k | €11k | ▲ 184% |
| Suppliers440/4 | €4k | €11k | ▲ 184% |
| Taxes, remuneration and social security45 | €2k | €4k | ▲ 100% |
| Taxes450/3 | €2k | €2k | ▼ 0.1% |
| Remuneration and social security454/9 | - | €2k | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €-7k | ▼ 193% |
| + Depreciation and write-downs630 | - | €2k | - |
| Operating cash flow (approximation) | €8k | €-6k | ▼ 169% |
| Investment in fixed assets (approximation) | - | €-13k | - |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Pieters-Leeuw · 1 establishment unit since 2024
Ground area
2,366 m²
Building footprint
510 m²
Volume, LiDAR
3,747 m³
2 parcels, Flanders, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
510
companies at this address
See who is registered here
1 establishment unit
GARIK GROUP
since 20242.391.522.924
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 fl. |
| 25762E0009/00N000 | Wallonia | 727 m² | 1 · 112 m² | 6.5 m · 2 fl. |
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.
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Of 8,566 companies in sector 43410 we hold annual accounts for 4,363. 194 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
Founded23-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43350Other building finishing work
43421Specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.