GARNIER
ActiveGARNIER has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €576k and a net result of €73k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+3
Solvency73▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.35 in 2023; short-term debt: 38% and cash: 14.8% of total assets), but 51.5% 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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-10-2025, 86 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
86 d late
2023
141 d late
2022
31 d late
2021
147 d late
2020
212 d late
2019
126 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€73k▲ 17.2%
2023 · €62k
2018: €5k
2019: €42
2020: €34k
2021: €35k
2022: €39k
2023: €62k
2018 → 2024
Working capital
€382k▲ 3.4%
2023 · €369k
2018: €411k
2019: €420k
2020: €442k
2021: €464k
2022: €506k
2023: €369k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€452k-€486k▲ 7.5%€523k▲ 7.6%€549k▲ 5.0%€576k▲ 4.9%
Operating result€57k-€51k▼ 10.8%€56k▲ 10.3%€87k▲ 56.6%€103k▲ 17.5%
Net result€34k-€35k▲ 1.6%€39k▲ 11.5%€62k▲ 58.8%€73k▲ 17.2%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 18% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.19M
Fixed assets
€355k▲ 1.2%
Current assets
€833k▼ 41.7%
Equity and liabilities €1.19M
Equity
€576k▲ 4.9%
Debt
€612k▼ 50.2%
The debt ratio falls from 69.1% to 51.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117k▲
2023 · €98k
Cash flow
€87k▲
2023 · €73k
Solvency
48.5%▲
2023 · 30.9%
Current ratio
1.85▲
2023 · 1.35
Quick ratio
1.52▲
2023 · 1.23
Debt / equity
1.06▼
2023 · 2.24
ROE
12.6%▲
2023 · 11.3%
ROA
6.1%▲
2023 · 3.5%
Interest coverage
13.90▼
2023 · 35.19
Debt
€612k▼
2023 · €1.23M
Debt ≤ 1 year
€451k▼
2023 · €1.06M
Debt > 1 year
€161k▼
2023 · €171k
Income taxes
€22k▼
2023 · €23k
Staff costs
€55k▲
2023 · €49k
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€1.78M€1.19M▼
Fixed assets21/28€351k€355k▲
Tangible fixed assets22/27€350k€354k▲
Land and buildings22€336k€342k▲
Plant, machinery and equipment23€13k€12k▼
Financial fixed assets28€710€710=
Current assets29/58€1.43M€833k▼
Stocks and contracts in progress3€123k€146k▲
Stocks30/36€123k€146k▲
Amounts receivable within one year40/41€772k€512k▼
Trade receivables40€596k€106k▼
Other amounts receivable41€177k€406k▲
Cash at bank and in hand54/58€529k€175k▼
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€1.78M€1.19M▼
Equity10/15€549k€576k▲
Contributions10/11€25k€25k=
Reserves13€101k€141k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€99k€139k▲
Profit (loss) carried forward14€422k€409k▼
Amounts payable17/49€1.23M€612k▼
Amounts payable after more than one year17€171k€161k▼
Financial debts170/4€171k€161k▼
Amounts payable within one year42/48€1.06M€451k▼
Current portion of amounts payable after more than one year42€7k€9k▲
Trade debts44€928k€303k▼
Suppliers440/4€928k€303k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€74k€79k▲
Taxes450/3€62k€68k▲
Remuneration and social security454/9€11k€11k▼
Other amounts payable47/48€49k€58k▲
Income statement
Code20232024
Remuneration, social security and pensions62€49k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€15k▲
Other operating charges640/8€21k€28k▲
Gross operating margin9900€168k€200k▲
Operating profit (loss)9901€87k€103k▲
Financial income75/76B€46€406▲
Recurring financial income75€46€406▲
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€85k€95k▲
Income taxes67/77€23k€22k▼
Profit (loss) for the period9904€62k€73k▲
Profit (loss) for the period to be appropriated9905€62k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€458k€495k▲
Profit (loss) brought forward from the previous period14P€396k€422k▲
Transfer from equity791/2-€46k
Transfer to equity691/2-€86k
To other reserves6921-€86k
Profit to be distributed694/7€36k€46k▲
Return on contributions (dividend)694€36k€46k▲
Social balance
Average headcount (FTE)90874.22.7▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 86 days late
2024
31-12
Financial
Highest result since 2018net €73k ▲17.2%
Operating result €103k, net result €73k, both a record.
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 141 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Equity above €500kEq €523k ▲7.6%
5 profitable years in a row build equity to €523k.
25-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 147 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 212 days late
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 126 days late
2019
31-12
Financial
Weakest financial yearnet €42 ▼99.1%
Net result drops to €42, the lowest in the series; recovery starts the following year.
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 86 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 92 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 61 days late
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 64 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, Sprimont · 1 establishment unit since 1984
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 Remouchamps(LVG) 14141 SprimontGround area
809 m²
Building footprint
141 m²
Volume, LiDAR
1,024 m³
Parcel 62067F1062/00G002, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Remouchamps(LVG) 1, 4141 Sprimont
since 19842.023.896.189
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62067F1062/00G002 | Wallonia | 809 m² | 1 · 141 m² | 8.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSprimont2.023.896.189
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GLENCO
BE 0471.360.810
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AUTOMECANO
BE 0442.456.590
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GLOBAL STEEL SUPPLY
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Of 1,746 companies in sector 46720 we hold annual accounts for 1,083. 789 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-1983
Fiscal year end31-12
Activities, NACEBEL
45310
46720Wholesale of motor vehicle parts and accessories
47300Retail sale of automotive fuel
50301
47820Retail sale of motor vehicle parts and accessories
50302
Sources
Crossroads Bank for EnterprisesNational Bank · 40 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.