GARSOU
ActiveGARSOU has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €986k and a net result of €3k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 82% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
67
/ 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
Profitability43▲+1
Solvency95▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 3.42 against 4.47 in 2024; short-term debt: 25.5% and cash: 1.4% of total assets), and 29.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 47
Relative position
BE, all sectors
reference
Sector 47
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 2025Solvency, return and age of the figures
Solvency
70.4%
Return on assets
0.2%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
33 d early
2022
32 d early
2021
25 d early
2020
26 d late
2019
83 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
16-09-2026 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
€3k▼ 80.2%
2024 · €13k
2018: €59k
2019: €54k
2020: €142k
2021: €73k
2022: €68k
2023: €20k
2024: €13k
2018 → 2025
Working capital
€864k▼ 4.0%
2024 · €900k
2018: €675k
2019: €680k
2020: €785k
2021: €854k
2022: €956k
2023: €900k
2024: €900k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.02M-€1.09M▲ 6.7%€984k▼ 10.0%€984k=€986k▲ 0.3%
Operating result€79k-€48k▼ 38.9%€20k▼ 59.1%€10k▼ 51.2%€18k▲ 87.9%
Net result€73k-€68k▼ 5.7%€20k▼ 70.5%€13k▼ 35.6%€3k▼ 80.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 88% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.40M
Fixed assets
€181k▲ 68.3%
Current assets
€1.22M▲ 5.3%
Equity and liabilities €1.40M
Equity
€986k▲ 0.3%
Debt
€416k▲ 46.8%
The debt ratio rises from 22.4% to 29.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38k▲
2024 · €31k
Cash flow
€23k▼
2024 · €34k
Solvency
70.4%▼
2024 · 77.6%
Current ratio
3.42▼
2024 · 4.47
Quick ratio
0.74▼
2024 · 1.03
Debt / equity
0.42▲
2024 · 0.29
ROE
0.3%▼
2024 · 1.3%
ROA
0.2%▼
2024 · 1.0%
Interest coverage
2.93▲
2024 · 2.67
Debt
€416k▲
2024 · €283k
Debt ≤ 1 year
€357k▲
2024 · €259k
Debt > 1 year
€59k▲
2024 · €24k
Income taxes
€3k▼
2024 · €6k
Staff costs
€297k▲
2024 · €272k
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€1.27M€1.40M▲
Fixed assets21/28€108k€181k▲
Tangible fixed assets22/27€107k€180k▲
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€35k€102k▲
Leasing and similar rights25€7k-
Other tangible fixed assets26€63k€76k▲
Financial fixed assets28€669€669=
Current assets29/58€1.16M€1.22M▲
Stocks and contracts in progress3€893k€958k▲
Stocks30/36€893k€958k▲
Amounts receivable within one year40/41€226k€218k▼
Trade receivables40€210k€200k▼
Other amounts receivable41€16k€17k▲
Cash at bank and in hand54/58€34k€20k▼
Deferred charges and accrued income490/1€6k€26k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.40M▲
Equity10/15€984k€986k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€83k€83k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€76k€76k=
Profit (loss) carried forward14€840k€842k▲
Amounts payable17/49€283k€416k▲
Amounts payable after more than one year17€24k€59k▲
Financial debts170/4€24k€59k▲
Amounts payable within one year42/48€259k€357k▲
Current portion of amounts payable after more than one year42€18k€24k▲
Financial debts43€50k€108k▲
Credit institutions430/8€50k€108k▲
Trade debts44€134k€152k▲
Suppliers440/4€134k€152k▲
Taxes, remuneration and social security45€37k€53k▲
Taxes450/3€19k€27k▲
Remuneration and social security454/9€18k€26k▲
Other amounts payable47/48€20k€20k▼
Accrued charges and deferred income492/3-€88
Income statement
Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€272k€297k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€20k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€307k€339k▲
Operating profit (loss)9901€10k€18k▲
Financial income75/76B€21k€3k▼
Recurring financial income75€21k€3k▼
Financial charges65/66B€11k€15k▲
Recurring financial charges65€11k€13k▲
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€19k€5k▼
Income taxes67/77€6k€3k▼
Profit (loss) for the period9904€13k€3k▼
Profit (loss) for the period to be appropriated9905€13k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€853k€842k▼
Profit (loss) brought forward from the previous period14P€840k€840k=
Profit to be distributed694/7€13k-
Return on contributions (dividend)694€13k-
Social balance
Average headcount (FTE)90877.27.6▲
The notes to these accounts (11 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €3k ▼80.2%
Net result drops to €3k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €1MEq €1.02M ▲7.6%
4 profitable years in a row build equity to €1.02M.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €142k ▲164%
Operating result €178k, net result €142k, both a record.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 83 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Theux · 1 establishment unit since 1990
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.
Les Digues 54910 TheuxGround area
1.6 ha
Building footprint
1,039 m²
Volume, LiDAR
5,319 m³
Parcel 63076C1442/00T000, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Les Digues 5, 4910 Theux
since 19902.049.737.583
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63076C1442/00T000 | Wallonia | 1.6 ha | 1 · 1,039 m² | 6.4 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 siteTheux2.049.737.583
Similar companies · same sector, comparable size
ALTRA DECOR
BE 0412.383.721
Aalter · Eq €987k
Verneert
BE 0426.989.941
Berlare · Eq €989k
HENDRYCKX BOUWMATERIALEN
BE 0467.256.225
Koekelare · Eq €983k
LUC & DIRK MAES
BE 0442.280.210
Veurne · Eq €980k
SODEBEL
BE 0443.061.752
Liège · Eq €993k
Of 1,722 companies in sector 47521 we hold annual accounts for 1,289. 942 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-06-1990
Fiscal year end31-12
Activities, NACEBEL
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
43221Plumbing work
43320Joinery installation
45332
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:garsou@skynet.be
Phone:087.54.16.26
Fax:087.53.04.17