Immo Garage
ActiveSummary
Immo Garage has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117,003 and a net result of -€41,957. The computed 12-month bankruptcy probability is 0.6% (low).
Financials · fiscal year 2025, micro schema
2024 to 2025, 2 fiscal years
The operating result stays negative: a loss of €42,046 in 2025 against €23,771 in 2024; the loss grows.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 440 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,472 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 440 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,393 | €45,229 | ▲ 122% |
| Other operating charges640/8 | €3,205 | €10,653 | ▲ 232% |
| Gross operating margin9900 | -€173 | €13,836 | ▲ 8,084% |
| Operating profit (loss)9901 | -€23,771 | -€42,046 | ▼ 76.9% |
| Financial charges65/66B | €17,269 | -€89 | ▼ 101% |
| Recurring financial charges65 | €17,269 | -€89 | ▼ 101% |
| Profit (loss) for the period before taxes9903 | -€41,040 | -€41,957 | ▼ 2.2% |
| Profit (loss) for the period9904 | -€41,040 | -€41,957 | ▼ 2.2% |
| Profit (loss) for the period to be appropriated9905 | -€41,040 | -€41,957 | ▼ 2.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €470,503 | €702,836 | ▲ 49.4% |
| Fixed assets21/28 | €466,665 | €697,001 | ▲ 49.4% |
| Tangible fixed assets22/27 | €466,665 | €697,001 | ▲ 49.4% |
| Land and buildings22 | €454,854 | €688,399 | ▲ 51.3% |
| Plant, machinery and equipment23 | €11,812 | €8,602 | ▼ 27.2% |
| Current assets29/58 | €3,838 | €5,836 | ▲ 52.1% |
| Amounts receivable within one year40/41 | €1,296 | €1,223 | ▼ 5.6% |
| Trade receivables40 | €1,296 | €1,223 | ▼ 5.6% |
| Cash at bank and in hand54/58 | €1,258 | €1,526 | ▲ 21.3% |
| Deferred charges and accrued income490/1 | €1,284 | €3,086 | ▲ 140% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €470,503 | €702,836 | ▲ 49.4% |
| Equity10/15 | €158,960 | €117,003 | ▼ 26.4% |
| Contributions10/11 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€41,040 | -€82,997 | ▼ 102% |
| Amounts payable17/49 | €311,543 | €585,833 | ▲ 88.0% |
| Amounts payable after more than one year17 | €265,491 | €563,337 | ▲ 112% |
| Financial debts170/4 | €265,491 | €507,306 | ▲ 91.1% |
| Other amounts payable178/9 | - | €56,031 | - |
| Amounts payable within one year42/48 | €46,052 | €21,088 | ▼ 54.2% |
| Current portion of amounts payable after more than one year42 | €16,052 | €19,246 | ▲ 19.9% |
| Trade debts44 | - | €1,841 | - |
| Suppliers440/4 | - | €1,841 | - |
| Other amounts payable47/48 | €30,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €1,409 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€41,040 | -€41,957 | ▼ 2.2% |
| + Depreciation and write-downs630 | €20,393 | €45,229 | ▲ 122% |
| Operating cash flow (approximation) | -€20,647 | €3,272 | ▲ 116% |
| Investment in fixed assets (approximation) | - | -€275,564 | - |
| Change in cash | - | €268 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.