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MD GARNISSAGE

Active
Private limited companyfounded 201115 yrs activeSquare de la Gare(L) 5, 6220 Fleurus, BelgiumKBO/BCE: BE 0838.799.382
Summary

MD GARNISSAGE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €201,501 and a net result of -€40,335. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 3139 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
MD GARNISSAGEActiveChecked score 70/100
Risk analysis ReportCompare

Overview

Activity
Repair and maintenance of furniture and upholstery
NACE 95240Manufacture of dining room, living room, bedroom and bathroom furniture NACE 31004NACE 31091
1 site
Size
€271,449total assets 2025
Staff
5.5 FTE
Equity
€201,501
Loss
-€40,335
Turnover not published (abridged schema)
Financial health
70 Healthy Checked score 2025
Bankruptcy chance 12 m
0.6%
Structure
Accounts filed 24 d late0 of 4 deeds read
Why 70- Loss of €40,335 (FY 2025)- Sector Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)+ Founded in 2011+ Size: total assets €271,449Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 42% of its sector peers (NACE 95, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 99+4
equity 74.2% of total assets
Liquidity 54-9
short-term debt 20.3% · cash 8.4%
Profitability 0-83
return on assets -14.9%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (5,106 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%▼ -1.1% vs 12-2024lowest value 02-2025: 0.1%● 0.0% vs 01-2025lowest value 03-2025: 0.1%● 0.0% vs 02-2025lowest value 04-2025: 0.1%▲ +15.1% vs 03-2025 05-2025: 0.1%▼ -0.9% vs 04-2025 06-2025: 0.1%● 0.0% vs 05-2025 07-2025: 0.1%▲ +32.1% vs 06-2025 08-2025: 0.3%▲ +93.6% vs 07-2025 09-2025: 0.1%▼ -60.5% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%● 0.0% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▲ +15.9% vs 03-2026 05-2026: 0.1%● 0.0% vs 04-2026 06-2026: 0.1%● 0.0% vs 05-2026 07-2026: 0.1%▲ +12.1% vs 06-2026 08-2026: 0.3%▲ +133% vs 07-2026 09-2026: 0.6%▲ +79.0% vs 08-2026highest value 10-2026: 0.6%● 0.0% vs 09-2026highest value
  • Loss of €40,335 (FY 2025) raises the probability
  • Founded in 2011 lowers the probability for this profile
  • Sector Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95) raises the probability
  • Size: total assets €271,449 lowers the probability for this profile
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.0 against 2.47 in 2024; short-term debt: 20.3% and cash: 8.4% of total assets), and 25.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 95, micro). Better than this share of them on solvency 83%, liquidity 54%, profitability 11%, growth against the median 19%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €40,335 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2011
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Size: total assets €271,449
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
24 d late
2024
18 d late
2023
24 d late
2022
1 d late
2021
1 d late
2020
2 d late
2019
87 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 22 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 (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. Usually files around 18 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Weakest financial yearnet -€40,335
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: From profit to loss in 2025after €38,054 in 2024 -€40,335 View
  • Caution: Among the weakest 5% on net resultsector median €8,438 · 3,139 companies -€40,335 View
  • Total assets 20256 fiscal years filed €271,449 View

By topic

Financials

Fiscal year
2025
Total assets
€271,449
Loss
-€40,335
Solvency
74.2%
Total assets▼ 20.9%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 24-08-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 18-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Repair and maintenance of furniture and upholsteryNACE 95240
Founded
26-08-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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