Equity
€118,572 ▲ 101%
Equity rose in 2024 from €59,003 to €118,572.
GARO'S
Lifetime
5 annual accounts with figures on one time axispeak €72,130 (2024)
€72,130▲ 62.2%
lowest -€44,405 (2021)
€59,568▲ 64.9%
peak €118,572 (2024)
€118,572▲ 101%
€163,687▼ 25.7%
Board2 names since 2020
1 directorSamson Cristi
Documentsfilings and deeds
30-09-202561 days late
2024micro format
Gross margin from €44,472 to €72,130Result from €36,129 to €59,568Equity from €59,003 to €118,572Debts from €220,351 to €163,687Cash from €51,888 to €28,474
Key points
from the 2024 annual accountsTurnover
≈ €380,000 estimated
The micro format states no turnover.
Payment terms
57 days to suppliers
GARO'S pays its suppliers 29 days earlier than in 2023.
Liquidity
1.69 was 1.22 in 2023
Short-term debts fell from €220,351 to €163,687.
Filings
5 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€59,568
Higher net result than 90% of companies in construction of buildings. Sector median €7,912 · 9,823 companies.
Checked score
34
Weak
Financially stronger than 61% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
10.3% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.5%lowest value
01-2025: 4.5%● unchanged vs 12-2024
02-2025: 4.6%▲ +0.1 percentage points vs 01-2025
03-2025: 4.8%▲ +0.2 percentage points vs 02-2025
04-2025: 4.9%▲ +0.1 percentage points vs 03-2025
05-2025: 7.3%▲ +2.4 percentage points vs 04-2025
06-2025: 7.4%▲ +0.1 percentage points vs 05-2025
07-2025: 7.4%● unchanged vs 06-2025
08-2025: 8.3%▲ +0.9 percentage points vs 07-2025
09-2025: 8.8%▲ +0.5 percentage points vs 08-2025
10-2025: 10.9%▲ +2.1 percentage points vs 09-2025highest value
11-2025: 5.9%▼ -5.0 percentage points vs 10-2025
12-2025: 5.9%● unchanged vs 11-2025
01-2026: 5.9%● unchanged vs 12-2025
02-2026: 5.9%● unchanged vs 01-2026
03-2026: 5.9%● unchanged vs 02-2026
04-2026: 6.4%▲ +0.5 percentage points vs 03-2026
05-2026: 5.6%▼ -0.8 percentage points vs 04-2026
06-2026: 5.5%▼ -0.1 percentage points vs 05-2026
07-2026: 5.5%● unchanged vs 06-2026
08-2026: 6.8%▲ +1.3 percentage points vs 07-2026
09-2026: 7.4%▲ +0.6 percentage points vs 08-2026
10-2026: 10.3%▲ +2.9 percentage points vs 09-2026
11-2026: 10.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Figures for financial year 2024 (filed on 02-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 3 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 50% of them on solvency, 28% on liquidity, 79% on profitability and 88% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as GARO'S has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GARO'S itself is higher: 10.3% within 12 months. It rests on far more data about GARO'S than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for GARO'S. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 1.69 (1.22 in 2023), above the usual 1.5. Short-term debt is 58% and cash 10.1% of total assets. However, 58% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €118,572
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 61 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
61 days late
2023
58 days late
2022
57 days late
2021
17 days early
2020
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 32 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0742959226
Registered office moved from Wemmel to Linkebeeke
New registered office: brouwerijstraat 54 te 1630 Linkebeeke · Previous registered office: LT Graff plaats 15 te 1780 Wemmel · General meeting of 17-03-2025 · Gazette deed
Resignation: PASCAN Liliana-Garofita (director)
Transfer of 80 shares from PASCAN Liliana-Garofita to Samson Cristi · Transfer of 20 shares from PASCAN Florin-Gabriel to Samson Cristi · Appointment: Samson Cristi (director) · General meeting of 24-01-2022 · Gazette deed
Incorporation
Founders: PASCAN Liliana-Garofita and PASCAN Florin-Gabriel · Founding capital of €18,600, 100 shares, €2,000 paid up · Appointment: PASCAN Liliana-Garofita (director) · published on 07-02-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GARO'S Linkebeek | €282,259 | €72,130 | 42.0% | - |
| ALTIOR SERVICES Zaventem | €272,527 | €77,120 | 56.3% | - |
| Dr Vertical Wezembeek-Oppem | €277,173 | €74,313 | 89.6% | - |
| MCD - Services Belgium Zaventem | €302,174 | €75,676 | 48.3% | - |
| LD CONSTRUCT Wezembeek-Oppem | €256,043 | €66,338 | 28.9% | - |
| ARYAN M.A. Sint-Pieters-Leeuw | €272,391 | €77,576 | 62.9% | - |
| BENZ ART Opwijk | €269,569 | €89,442 | 25.7% | - |
These companies have the same main activity as GARO'S: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €256,000 and €302,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 05-02-2020Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Establishment unit
- 2.302.089.4191630 Linkebeek, since 05-02-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 20-01-2026
Insights on GARO'S
GARO'S files the micro format. That format states no turnover. The gross margin rose from €17,764 in 2020 to €72,130 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GARO'S
- What is the company number of GARO'S?
- The company number of GARO'S is 0742.959.226. The VAT number is the same number with BE in front: BE 0742.959.226.
- Where is GARO'S based?
- The registered office is at Brouwerijstraat 54, 1630 Linkebeek.Company details
- What does GARO'S do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of GARO'S?
- GARO'S is a private limited company (BV).
- When was GARO'S founded?
- GARO'S was founded on 05-02-2020.
- Is GARO'S still active?
- Yes, GARO'S is an active enterprise in the KBO register.
- What is the turnover of GARO'S?
- The turnover in financial year 2024 is ≈ €380,000. This figure is estimated from the gross margin of €72,130 and 111 comparable companies (NACE 41001). It probably lies between €280,000 and €620,000. In financial year 2023 turnover was €540,429.Financials
- Is GARO'S profitable?
- In financial year 2024, GARO'S made a profit of €59,568.
- Where can I find the annual accounts of GARO'S?
- GARO'S filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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