GARKON
ActiveGARKON has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.81M and a net result of €72k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 63% of 382 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-1
Solvency76▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.46 in 2024; short-term debt: 48.9% and cash: 0.1% of total assets), and 48.9% of the assets are financed with debt.
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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.1%
Return on assets
0.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
21 d early
2024
12 d early
2023
4 d early
2022
16 d early
2021
24 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€72k▼ 59.7%
2024 · €178k
2021: €338k
2022: €168k
2023: €1.28M
2024: €178k
2021 → 2025
Working capital
€-2.56M▲ 0.6%
2024 · €-2.58M
2021: €-2.68M
2022: €-2.59M
2023: €-2.57M
2024: €-2.58M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.72M-€4.77M▲ 1.0%€4.79M▲ 0.5%€4.81M▲ 0.4%€4.81M▲ 0.1%
Operating result€454k-€178k▼ 60.8%€1.28M▲ 616%€185k▼ 85.5%€75k▼ 59.2%
Net result€338k-€168k▼ 50.3%€1.28M▲ 659%€178k▼ 86.1%€72k▼ 59.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 59% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.42M
Fixed assets
€7.38M▼ 0.3%
Current assets
€2.04M▼ 6.0%
Equity and liabilities €9.42M
Equity
€4.81M▲ 0.1%
Debt
€4.60M▼ 3.3%
The debt ratio falls from 49.7% to 48.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€101k▼
2024 · €205k
Cash flow
€97k▼
2024 · €199k
Solvency
51.1%▲
2024 · 50.3%
Current ratio
0.44▼
2024 · 0.46
Quick ratio
0.44▼
2024 · 0.46
Debt / equity
0.96▼
2024 · 0.99
ROE
1.5%▼
2024 · 3.7%
ROA
0.8%▼
2024 · 1.9%
Interest coverage
180.18▼
2024 · 509.56
Debt
€4.60M▼
2024 · €4.76M
Debt ≤ 1 year
€4.60M▼
2024 · €4.75M
Income taxes
€3k▼
2024 · €8k
Staff costs
€287k▲
2024 · €242k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9.57M€9.42M▼
Fixed assets21/28€7.40M€7.38M▼
Tangible fixed assets22/27€99k€73k▼
Furniture and vehicles24€99k€73k▼
Financial fixed assets28€7.30M€7.30M=
Current assets29/58€2.17M€2.04M▼
Amounts receivable within one year40/41€2.06M€2.03M▼
Trade receivables40€232k€323k▲
Other amounts receivable41€1.82M€1.70M▼
Cash at bank and in hand54/58€112k€13k▼
Equity and liabilities
Total equity and liabilities10/49€9.57M€9.42M▼
Equity10/15€4.81M€4.81M▲
Contributions10/11€2.91M€2.91M=
Capital10€2.91M€2.91M=
Issued capital100€2.91M€2.91M=
Reserves13€1.90M€1.90M▲
Non-distributable reserves130/1€166k€166k=
Legal reserve130€166k€166k=
Distributable reserves133€1.73M€1.74M▲
Amounts payable17/49€4.76M€4.60M▼
Amounts payable within one year42/48€4.75M€4.60M▼
Trade debts44€62k€115k▲
Suppliers440/4€62k€115k▲
Advances received on contracts in progress46€523k€448k▼
Taxes, remuneration and social security45€37k€26k▼
Taxes450/3€5k€8▼
Remuneration and social security454/9€31k€26k▼
Other amounts payable47/48€4.13M€4.01M▼
Accrued charges and deferred income492/3€13k-
Income statement
Code20242025
Non-recurring operating income76A-€11k
Remuneration, social security and pensions62€242k€287k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€26k▲
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€1k-
Gross operating margin9900€453k€392k▼
Operating profit (loss)9901€185k€75k▼
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€403€560▲
Recurring financial charges65€403€560▲
Profit (loss) for the period before taxes9903€186k€75k▼
Income taxes67/77€8k€3k▼
Profit (loss) for the period9904€178k€72k▼
Profit (loss) for the period to be appropriated9905€178k€72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€178k€72k▼
Transfer to equity691/2€18k€4k▼
To other reserves6921€18k€4k▼
Profit to be distributed694/7€160k€68k▼
Directors or managers695€160k€68k▼
Social balance
Average headcount (FTE)90874.45.9▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €72k ▼59.7%
Net result drops to €72k, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2021net €1.28M ▲659%
Operating result €1.28M, net result €1.28M, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Buggenhout · 1 establishment unit since 2020
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.
Genthof 49255 BuggenhoutGround area
1.8 ha
Building footprint
2,654 m²
Volume, LiDAR
14,080 m³
Parcel 42004E0947/00F000, Flanders · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GARKON
since 20202.312.384.879
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004E0947/00F000 | Flanders | 1.8 ha | 1 · 2,654 m² | 6.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 5,759 EUR awarded · 5,759 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 165 EUR | 165 EUR |
| 2024 | 1 | -4,800 EUR | 0 EUR |
| 2023 | 1 | 0 EUR | 5,175 EUR |
| 2022 | 2 | 10,394 EUR | 419 EUR |
Schemes
Werkbaarheidscheque (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,376 companies in sector 95311 we hold annual accounts for 2,959. 697 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-12-2020
Fiscal year end31-12
Activities, NACEBEL
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.