GARNITAL
ActiveSummary
GARNITAL has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €295k and a net result of €37k. Equity is growing by ~34.8% per year across the filed fiscal years. Its solvency ranks better than 85% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 6.02 against 4.63 in 2024; short-term debt: 15.2% and cash: 17.9% of total assets), and 15.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
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
84.8%
Return on assets
10.7%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
9 d early
2023
51 d early
2022
24 d early
2021
52 d early
2020
40 d early
2019
57 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, micro schema
Equity
€295k▲ 14.4%
2024 · €258k
2018: €55k
2019: €50k▼ -9.0% vs 2018lowest in 8 years
2020: €59k▲ +17.3% vs 2019
2021: €93k▲ +56.5% vs 2020
2022: €141k▲ +52.2% vs 2021
2023: €204k▲ +45.0% vs 2022
2024: €258k▲ +26.4% vs 2023
2025: €295k▲ +14.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€348k▲ 9.2%
2024 · €319k
2018: €152k
2019: €135k▼ -11.3% vs 2018lowest in 8 years
2020: €137k▲ +1.4% vs 2019
2021: €157k▲ +14.4% vs 2020
2022: €226k▲ +44.5% vs 2021
2023: €277k▲ +22.2% vs 2022
2024: €319k▲ +15.2% vs 2023
2025: €348k▲ +9.2% vs 2024highest in 8 years
2018 → 2025
Net result
€37k▼ 30.8%
2024 · €54k
2018: €8k
2019: €-5k▼ -165% vs 2018lowest in 8 years
2020: €9k▲ +274% vs 2019
2021: €33k▲ +284% vs 2020
2022: €48k▲ +44.4% vs 2021
2023: €63k▲ +31.2% vs 2022highest in 8 years
2024: €54k▼ -15.0% vs 2023
2025: €37k▼ -30.8% vs 2024
2018 → 2025
Working capital
€265k▲ 20.1%
2024 · €221k
2018: €47k
2019: €45k▼ -4.7% vs 2018lowest in 8 years
2020: €57k▲ +26.6% vs 2019
2021: €91k▲ +59.8% vs 2020
2022: €135k▲ +48.9% vs 2021
2023: €178k▲ +32.0% vs 2022
2024: €221k▲ +23.6% vs 2023
2025: €265k▲ +20.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€141k▲ 52.2%€204k▲ 45.0%€258k▲ 26.4%€295k▲ 14.4%
2021: €93klowest in 5 years
2022: €141k▲ +52.2% vs 2021
2023: €204k▲ +45.0% vs 2022
2024: €258k▲ +26.4% vs 2023
2025: €295k▲ +14.4% vs 2024highest in 5 years
Operating result€54k-€73k▲ 36.2%€95k▲ 29.2%€82k▼ 13.7%€55k▼ 33.1%
2021: €54klowest in 5 years
2022: €73k▲ +36.2% vs 2021
2023: €95k▲ +29.2% vs 2022highest in 5 years
2024: €82k▼ -13.7% vs 2023
2025: €55k▼ -33.1% vs 2024
Net result€33k-€48k▲ 44.4%€63k▲ 31.2%€54k▼ 15.0%€37k▼ 30.8%
2021: €33klowest in 5 years
2022: €48k▲ +44.4% vs 2021
2023: €63k▲ +31.2% vs 2022highest in 5 years
2024: €54k▼ -15.0% vs 2023
2025: €37k▼ -30.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €348k
Fixed assets
€30k ▼ 18.8%
Current assets
€318k ▲ 13.0%
Equity and liabilities €348k
Equity
€295k ▲ 14.4%
Debt
€53k ▼ 12.9%
Debt's share of the balance-sheet total falls from 19.0% to 15.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65k▼
2024 · €90k
Cash flow
€47k▼
2024 · €62k
Current ratio
6.02▲
2024 · 4.63
Quick ratio
4.39▲
2024 · 3.44
Debt to equity
0.18▼
2024 · 0.24
ROE
12.6%▼
2024 · 20.9%
ROA
10.7%▼
2024 · 16.9%
Interest coverage
36.48▲
2024 · 34.75
Debt ≤ 1 year
€53k▼
2024 · €61k
Income taxes
€19k▼
2024 · €27k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€319k€348k▲
Fixed assets21/28€38k€30k▼
Intangible fixed assets21€736€0▼
Tangible fixed assets22/27€37k€30k▼
Plant, machinery and equipment23€267€2k▲
Furniture and vehicles24€37k€29k▼
Current assets29/58€281k€318k▲
Stocks and contracts in progress3€72k€86k▲
Stocks30/36€72k€86k▲
Amounts receivable within one year40/41€49k€59k▲
Trade receivables40€41k€47k▲
Other amounts receivable41€9k€12k▲
Current investments50/53€65k€110k▲
Cash at bank and in hand54/58€94k€62k▼
Deferred charges and accrued income490/1€399€0▼
Equity and liabilities
Total equity and liabilities10/49€319k€348k▲
Equity10/15€258k€295k▲
Contributions10/11€19k€19k=
Reserves13€209k€247k▲
Distributable reserves133€209k€247k▲
Profit (loss) carried forward14€30k€30k=
Amounts payable17/49€61k€53k▼
Amounts payable within one year42/48€61k€53k▼
Financial debts43€6k€0▼
Credit institutions430/8€6k€0▼
Trade debts44€28k€32k▲
Suppliers440/4€28k€32k▲
Taxes, remuneration and social security45€27k€20k▼
Taxes450/3€27k€20k▼
Accrued charges and deferred income492/3-€55
Income statement
Code20242025
Non-recurring operating income76A-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8€970€1k▲
Gross operating margin9900€91k€66k▼
Operating profit (loss)9901€82k€55k▼
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€81k€56k▼
Income taxes67/77€27k€19k▼
Profit (loss) for the period9904€54k€37k▼
Profit (loss) for the period to be appropriated9905€54k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€67k▼
Profit (loss) brought forward from the previous period14P€30k€30k=
Transfer to equity691/2€54k€37k▼
To other reserves6921€54k€37k▼
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €4k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €5k | €3k | €8k | €10k | ▲ 19.7% |
| Other operating charges640/8 | €1k | €3k | €2k | €970 | €1k | ▲ 28.3% |
| Gross operating margin9900 | €61k | €81k | €100k | €91k | €66k | ▼ 27.6% |
| Operating profit (loss)9901 | €54k | €73k | €95k | €82k | €55k | ▼ 33.1% |
| Financial income75/76B | €428 | €327 | €488 | €1k | €3k | ▲ 142% |
| Recurring financial income75 | €428 | €327 | €488 | €1k | €3k | ▲ 142% |
| Financial charges65/66B | €3k | €2k | €3k | €3k | €2k | ▼ 31.6% |
| Recurring financial charges65 | €3k | €2k | €3k | €3k | €2k | ▼ 31.6% |
| Profit (loss) for the period before taxes9903 | €51k | €71k | €92k | €81k | €56k | ▼ 30.4% |
| Income taxes67/77 | €17k | €23k | €29k | €27k | €19k | ▼ 29.5% |
| Profit (loss) for the period9904 | €33k | €48k | €63k | €54k | €37k | ▼ 30.8% |
| Profit (loss) for the period to be appropriated9905 | €33k | €48k | €63k | €54k | €37k | ▼ 30.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157k | €226k | €277k | €319k | €348k | ▲ 9.2% |
| Fixed assets21/28 | €2k | €6k | €26k | €38k | €30k | ▼ 18.8% |
| Intangible fixed assets21 | - | €3k | €2k | €736 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €2k | €2k | €24k | €37k | €30k | ▼ 17.1% |
| Plant, machinery and equipment23 | €2k | €2k | €729 | €267 | €2k | ▲ 511% |
| Furniture and vehicles24 | - | €851 | €23k | €37k | €29k | ▼ 21.0% |
| Current assets29/58 | €155k | €221k | €251k | €281k | €318k | ▲ 13.0% |
| Stocks and contracts in progress3 | €58k | €63k | €69k | €72k | €86k | ▲ 18.9% |
| Stocks30/36 | €58k | €63k | €69k | €72k | €86k | ▲ 18.9% |
| Amounts receivable within one year40/41 | €65k | €72k | €85k | €49k | €59k | ▲ 20.4% |
| Trade receivables40 | €50k | €53k | €66k | €41k | €47k | ▲ 16.1% |
| Other amounts receivable41 | €15k | €19k | €19k | €9k | €12k | ▲ 40.5% |
| Current investments50/53 | - | - | - | €65k | €110k | ▲ 69.2% |
| Cash at bank and in hand54/58 | €31k | €85k | €95k | €94k | €62k | ▼ 33.8% |
| Deferred charges and accrued income490/1 | €1k | €272 | €1k | €399 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157k | €226k | €277k | €319k | €348k | ▲ 9.2% |
| Equity10/15 | €93k | €141k | €204k | €258k | €295k | ▲ 14.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €44k | €92k | €156k | €209k | €247k | ▲ 17.8% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €42k | €90k | €156k | €209k | €247k | ▲ 17.8% |
| Profit (loss) carried forward14 | €30k | €30k | €30k | €30k | €30k | = |
| Amounts payable17/49 | €64k | €86k | €73k | €61k | €53k | ▼ 12.9% |
| Amounts payable within one year42/48 | €64k | €86k | €73k | €61k | €53k | ▼ 13.0% |
| Current portion of amounts payable after more than one year42 | €4k | - | - | - | - | - |
| Financial debts43 | - | €3k | €5k | €6k | €0 | ▼ 100% |
| Credit institutions430/8 | - | €3k | €5k | €6k | €0 | ▼ 100% |
| Trade debts44 | €38k | €58k | €49k | €28k | €32k | ▲ 16.1% |
| Suppliers440/4 | €38k | €58k | €49k | €28k | €32k | ▲ 16.1% |
| Taxes, remuneration and social security45 | €22k | €24k | €19k | €27k | €20k | ▼ 23.8% |
| Taxes450/3 | €22k | €24k | €19k | €27k | €20k | ▼ 23.8% |
| Accrued charges and deferred income492/3 | €52 | - | - | - | €55 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €48k | €63k | €54k | €37k | ▼ 30.8% |
| + Depreciation and write-downs630 | €6k | €5k | €3k | €8k | €10k | ▲ 19.7% |
| Operating cash flow (approximation) | €40k | €53k | €66k | €62k | €47k | ▼ 24.0% |
| Investment in fixed assets (approximation) | - | €-9k | €-23k | €-20k | €-3k | ▲ 85.1% |
| Change in cash | - | €54k | €9k | €-591 | €-32k | ▼ 5,286% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €63k ▲31.2%
Operating result €95k, net result €63k, both a record.
31-12
Financial
Equity above €200kEq €204k ▲45%
4 profitable years in a row build equity to €204k.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €141k ▲52.2%
3 profitable years in a row build equity to €141k.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
Show earlier events
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Putte · 1 establishment unit since 2006
Ground area
1,834 m²
Building footprint
347 m²
Volume, LiDAR
1,032 m³
Parcel 12029D0788/00E000, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Garnital
since 20062.158.153.097
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029D0788/00E000 | Flanders | 1,833 m² | 1 · 347 m² | 11.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
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BE 0849.787.405
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DIAMOND WATERS
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Of 1,075 companies in sector 46140 we hold annual accounts for 645. 487 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
Founded17-11-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
46620Wholesale of machine tools
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.