GARTA
ActiveThe file of GARTA contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.7% (low). The 2024 annual accounts show negative equity (-€161,576) and a net result of €8,650. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9630 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-15
Solvency0=
Growth58=
Track record85
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.48 in 2023; short-term debt: 182.2% and cash: 0% of total assets), and equity is negative.
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Signals
Six 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-82.2%
Return on assets
4.4%
Age of the figures
21 mo
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9630 sector peers (2024).
NBB · sector comparisonPosition among 9630 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-04-2026, 252 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
252 d late
2023
61 d late
2022
423 d late
2021
723 d late
2020
1088 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 445 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 oldest company in Ravels, Wholesale and retail trade sector
Equity
-€161,576▲ 5.1%
2023 · -€170,226
Total assets
€196,487▲ 24.1%
2023 · €158,267
Net result
€8,650▼ 66.0%
2023 · €25,459
Working capital
-€161,928▲ 5.3%
2023 · -€171,072
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€7,641▼ 0.3%€25,636▲ 236%-€256,605€28,760€12,713▼ 55.8%
Net result€2,489below the sector's middle half▼ 58.7%-€6,721below the sector's middle half-€229,556below the sector's middle half▼ 3,315%€25,459within the sector's middle half€8,650within the sector's middle half▼ 66.0%
Equity€40,592below the sector's middle half▲ 6.5%€33,870below the sector's middle half▼ 16.6%-€195,685below the sector's middle half-€170,226below the sector's middle half▲ 13.0%-€161,576below the sector's middle half▲ 5.1%
Total assets€143,989below the sector's middle half▼ 3.6%€208,486below the sector's middle half▲ 44.8%€233,548below the sector's middle half▲ 12.0%€158,267below the sector's middle half▼ 32.2%€196,487below the sector's middle half▲ 24.1%
Debt€103,397▼ 7.1%€174,616▲ 68.9%€429,234▲ 146%€328,493▼ 23.5%€358,063▲ 9.0%
Working capital€38,263within the sector's middle half▲ 0.4%€32,036within the sector's middle half▼ 16.3%-€197,026below the sector's middle half-€171,072below the sector's middle half▲ 13.2%-€161,928below the sector's middle half▲ 5.3%
Solvency28.2%within the sector's middle half▲ 2.7pp16.2%below the sector's middle half▼ 11.9pp-83.8%below the sector's middle half▼ 100.0pp-107.6%below the sector's middle half▼ 23.8pp-82.2%below the sector's middle half▲ 25.3pp
Current ratio1.37within the sector's middle half▲ 0.031.18within the sector's middle half▼ 0.190.54below the sector's middle half▼ 0.640.48below the sector's middle half▼ 0.060.55below the sector's middle half▲ 0.07
Return on assets (ROA)1.7%within the sector's middle half▼ 2.3pp-3.2%below the sector's middle half▼ 5.0pp-98.3%below the sector's middle half▼ 95.1pp16.1%above the sector's middle half▲ 114.4pp4.4%within the sector's middle half▼ 11.7pp
Staff (FTE)0.5below the sector's middle half=1.2below the sector's middle half▲ 140%0.3below the sector's middle half▼ 75.0%0below the sector's middle half▼ 100%0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €196,487
Fixed assets
€352 ▼ 58.4%
Current assets
€196,135 ▲ 24.6%
Equity and liabilities
Equity-€161,576
Debt€358,063
Equity is negative: debt (€358,063) exceeds the balance-sheet total (€196,487).
Key figures and ratios
EBITDA
€13,207▼
2023 · €29,254
Cash flow
€9,145▼
2023 · €25,954
Quick ratio
0.38▲
2023 · 0.29
Interest coverage
16.49▲
2023 · 8.86
Debt ≤ 1 year
€358,063▲
2023 · €328,493
Income taxes
€3,262
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.5%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3,390 | €1,295 | €13,873 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €142 | €494 | €494 | €494 | €494 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,629 | -€5,629 | ▼ 200% |
| Other operating charges640/8 | €100 | €2,568 | €732 | €0 | - | - |
| Non-recurring operating charges66A | - | - | €216,410 | €3,054 | €0 | ▼ 100% |
| Gross operating margin9900 | €11,273 | €29,993 | -€25,096 | €37,937 | €7,578 | ▼ 80.0% |
| Operating profit (loss)9901 | €7,641 | €25,636 | -€256,605 | €28,760 | €12,713 | ▼ 55.8% |
| Financial income75/76B | - | - | - | €1 | €1 | ▼ 1.2% |
| Recurring financial income75 | - | - | - | €1 | €1 | ▼ 1.2% |
| Financial charges65/66B | €5,152 | €32,357 | -€27,049 | €3,302 | €801 | ▼ 75.7% |
| Recurring financial charges65 | €5,152 | €32,357 | -€27,049 | €3,302 | €801 | ▼ 75.7% |
| Profit (loss) for the period before taxes9903 | €2,489 | -€6,721 | -€229,556 | €25,459 | €11,913 | ▼ 53.2% |
| Income taxes67/77 | €0 | - | - | - | €3,262 | - |
| Profit (loss) for the period9904 | €2,489 | -€6,721 | -€229,556 | €25,459 | €8,650 | ▼ 66.0% |
| Profit (loss) for the period to be appropriated9905 | €2,489 | -€6,721 | -€229,556 | €25,459 | €8,650 | ▼ 66.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,989 | €208,486 | €233,548 | €158,267 | €196,487 | ▲ 24.1% |
| Fixed assets21/28 | €2,329 | €1,835 | €1,340 | €846 | €352 | ▼ 58.4% |
| Tangible fixed assets22/27 | €2,329 | €1,835 | €1,340 | €846 | €352 | ▼ 58.4% |
| Furniture and vehicles24 | €2,329 | €1,835 | €1,340 | €846 | €352 | ▼ 58.4% |
| Current assets29/58 | €141,660 | €206,652 | €232,208 | €157,421 | €196,135 | ▲ 24.6% |
| Stocks and contracts in progress3 | €89,500 | €204,500 | €130,443 | €61,303 | €61,303 | = |
| Stocks30/36 | €89,500 | €204,500 | €130,443 | €61,303 | €61,303 | = |
| Amounts receivable within one year40/41 | €48,352 | €769 | €98,948 | €93,539 | €134,813 | ▲ 44.1% |
| Trade receivables40 | €0 | - | €68,265 | €89,552 | €130,826 | ▲ 46.1% |
| Other amounts receivable41 | €48,352 | €769 | €30,683 | €3,987 | €3,987 | = |
| Cash at bank and in hand54/58 | €3,808 | €360 | €360 | €360 | €19 | ▼ 94.7% |
| Deferred charges and accrued income490/1 | - | €1,023 | €2,457 | €2,219 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,989 | €208,486 | €233,548 | €158,267 | €196,487 | ▲ 24.1% |
| Equity10/15 | €40,592 | €33,870 | -€195,685 | -€170,226 | -€161,576 | ▲ 5.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €15,958 | €15,958 | €15,958 | €15,958 | €15,958 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €14,098 | €14,098 | €14,098 | €14,098 | €14,098 | = |
| Profit (loss) carried forward14 | €6,034 | -€687 | -€230,243 | -€204,784 | -€196,134 | ▲ 4.2% |
| Amounts payable17/49 | €103,397 | €174,616 | €429,234 | €328,493 | €358,063 | ▲ 9.0% |
| Amounts payable within one year42/48 | €103,397 | €174,616 | €429,234 | €328,493 | €358,063 | ▲ 9.0% |
| Trade debts44 | €71,540 | €3,548 | €59,748 | €73,642 | €114,058 | ▲ 54.9% |
| Suppliers440/4 | €71,540 | €3,548 | €59,748 | €73,642 | €114,058 | ▲ 54.9% |
| Taxes, remuneration and social security45 | €19,500 | €441 | €29,169 | €13,617 | €18,782 | ▲ 37.9% |
| Taxes450/3 | €19,042 | €417 | €29,169 | €13,617 | €18,782 | ▲ 37.9% |
| Remuneration and social security454/9 | €458 | €24 | €0 | - | - | - |
| Other amounts payable47/48 | €12,357 | €170,627 | €340,317 | €241,235 | €225,223 | ▼ 6.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,489 | -€6,721 | -€229,556 | €25,459 | €8,650 | ▼ 66.0% |
| + Depreciation and write-downs630 | €142 | €494 | €494 | €494 | €494 | = |
| Operating cash flow (approximation) | €2,631 | -€6,227 | -€229,062 | €25,954 | €9,145 | ▼ 64.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,449 | €0 | €0 | -€341 | - |
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
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 252 days late
2024
31-12
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 24-12-2024
23-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 15-10-2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 423 days late
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 723 days late
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1088 days late
2023
31-12
Financial
Back to profitnet €25,459
Net result €25,459 after 2 loss-making years.
2022
31-12
Financial
Weakest financial yearnet -€229,556
Net result drops to -€229,556, the lowest in the series; recovery starts the following year.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Back to profitnet €6,019
Net result €6,019 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
Show earlier events
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ravels · 1 establishment unit since 1966
Ground area
886 m²
Building footprint
544 m²
Volume, LiDAR
3,021 m³
Parcel 13048A0186/00R000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GARTA BVBA
since 19662.000.950.147
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048A0186/00R000 | Flanders | 886 m² | 1 · 544 m² | 8.7 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GEERT NAULAERTS De Merodelei 83, 2300 Turn- Hout |
15-10-2024 → 24-12-2024 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 127 companies in this sector we hold annual accounts for 72. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded01-01-1966
Fiscal year end31-12
Activities, NACEBEL 2025
47631Retail trade
47639Retail sale of other sporting goods
Contact
Phone
0488260491Ravels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0402125673
Also
9925:BE0402125673
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.