GARKA
ActiveGARKA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.34M and a net result of €862k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+6
Solvency72▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.79 in 2023; short-term debt: 52.6% and cash: 53.1% of total assets), but 52.6% of the assets are financed with debt.
Credit advice 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
47.4%
Return on assets
30.4%
Age of the figures
21 mo
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 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
57 d late
2022
31 d early
2021
57 d late
2020
24 d late
2019
49 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.34M▲ 1.7%
2023 · €1.32M
2018: €790k
2019: €1.08M
2020: €1.35M
2021: €1.18M
2022: €1.26M
2023: €1.32M
2018 → 2024
Total assets
€2.83M▲ 2.7%
2023 · €2.76M
2018: €1.97M
2019: €2.00M
2020: €2.12M
2021: €2.57M
2022: €2.99M
2023: €2.76M
2018 → 2024
Net result
€862k▲ 53.8%
2023 · €560k
2018: €404k
2019: €387k
2020: €270k
2021: €562k
2022: €628k
2023: €560k
2018 → 2024
Working capital
€1.21M▲ 7.1%
2023 · €1.13M
2018: €680k
2019: €1.01M
2020: €1.31M
2021: €1.19M
2022: €1.09M
2023: €1.13M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.35M-€1.18M▼ 12.1%€1.26M▲ 6.6%€1.32M▲ 4.8%€1.34M▲ 1.7%
Operating result€412k-€605k▲ 46.8%€666k▲ 10.1%€598k▼ 10.2%€882k▲ 47.5%
Net result€270k-€562k▲ 108%€628k▲ 11.8%€560k▼ 10.8%€862k▲ 53.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 48% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.83M
Fixed assets
€132k▼ 30.8%
Current assets
€2.70M▲ 5.2%
Equity and liabilities €2.83M
Equity
€1.34M▲ 1.7%
Debt
€1.49M▲ 3.7%
The debt ratio rises from 52.1% to 52.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€971k▲
2023 · €676k
Cash flow
€951k▲
2023 · €638k
Solvency
47.4%▼
2023 · 47.9%
Current ratio
1.81▲
2023 · 1.79
Quick ratio
1.63▲
2023 · 1.62
Debt / equity
1.11▲
2023 · 1.09
ROE
64.1%▲
2023 · 42.4%
ROA
30.4%▲
2023 · 20.3%
Interest coverage
45.13▲
2023 · 30.95
Debt
€1.49M▲
2023 · €1.44M
Debt ≤ 1 year
€1.49M▲
2023 · €1.44M
Income taxes
€13k▼
2023 · €27k
Staff costs
€276k▼
2023 · €307k
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€2.76M€2.83M▲
Fixed assets21/28€191k€132k▼
Tangible fixed assets22/27€191k€132k▼
Plant, machinery and equipment23€181k€125k▼
Furniture and vehicles24€10k€7k▼
Financial fixed assets28€50€50=
Current assets29/58€2.57M€2.70M▲
Stocks and contracts in progress3€236k€274k▲
Stocks30/36€236k€274k▲
Amounts receivable within one year40/41€1.06M€843k▼
Trade receivables40€935k€830k▼
Other amounts receivable41€124k€13k▼
Current investments50/53€80k€80k=
Cash at bank and in hand54/58€1.19M€1.51M▲
Equity and liabilities
Total equity and liabilities10/49€2.76M€2.83M▲
Equity10/15€1.32M€1.34M▲
Contributions10/11€19k€19k=
Reserves13€1.30M€1.32M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€20k€20k=
Distributable reserves133€1.28M€1.30M▲
Profit (loss) carried forward14€2k€4k▲
Amounts payable17/49€1.44M€1.49M▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€1.44M€1.49M▲
Current portion of amounts payable after more than one year42€5k€0▼
Trade debts44€858k€612k▼
Suppliers440/4€858k€612k▼
Taxes, remuneration and social security45€74k€38k▼
Taxes450/3€27k€2k▼
Remuneration and social security454/9€47k€37k▼
Other amounts payable47/48€500k€840k▲
Income statement
Code20232024
Remuneration, social security and pensions62€307k€276k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€89k▲
Other operating charges640/8€8k€4k▼
Gross operating margin9900€991k€1.25M▲
Operating profit (loss)9901€598k€882k▲
Financial income75/76B€12k€15k▲
Recurring financial income75€12k€15k▲
Financial charges65/66B€22k€22k▼
Recurring financial charges65€22k€22k▼
Profit (loss) for the period before taxes9903€588k€875k▲
Income taxes67/77€27k€13k▼
Profit (loss) for the period9904€560k€862k▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€560k€862k▲
Appropriation of the result
Profit (loss) to be appropriated9906€562k€864k▲
Profit (loss) brought forward from the previous period14P€2k€2k▲
Transfer to equity691/2€60k€20k▼
To other reserves6921€60k€20k▼
Profit to be distributed694/7€500k€840k▲
Directors or managers695€500k€840k▲
Social balance
Average headcount (FTE)90875.54.3▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €862k ▲53.8%
Operating result €882k, net result €862k, both a record.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 57 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 57 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet €270k ▼30.3%
Net result drops to €270k, the lowest in the series; recovery starts the following year.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
31-12
Financial
Equity above €1MEq €1.08M ▲36.3%
2 profitable years in a row build equity to €1.08M.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Ninove · 1 establishment unit since 1993
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.
Nederwijk-Oost 3009400 NinoveGround area
4,449 m²
Building footprint
1,973 m²
Volume, LiDAR
8,462 m³
Parcel 41362B0315/00N000, Flanders · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Garka
since 19932.063.180.201
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B0315/00N000 | Flanders | 4,449 m² | 1 · 1,973 m² | 6.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNinove2.063.180.201
Similar companies · same sector, comparable size
V.D.B. FROZEN FOOD PRODUCTION
BE 0463.480.846
Dendermonde · Eq €1.34M
Marma
BE 0461.931.222
Tienen · Eq €1.36M
DE NOTEKRAKER
BE 0428.273.707
Izegem · Eq €1.36M
HERCO FOODS
BE 0825.218.194
Antwerpen · Eq €1.32M
HERBALIFE INTERNATIONAL BELGIUM
BE 0450.875.596
Brussel · Eq €1.31M
Of 1,428 companies in sector 46389 we hold annual accounts for 856. 427 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-07-1991
Fiscal year end31-12
Activities, NACEBEL
10890Manufacture of food products
15890
46389Wholesale of other food products
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.