NEW GARDEN
ActiveNEW GARDEN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 74% of 13061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
93
/ 100
Excellent▼ -1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▼-8
Solvency98▲+19
Growth58=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 1.59 in 2024), and 41.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
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
58.3%
Return on assets
10.8%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €19k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
84 d late
2022
450 d late
2021
11 d early
2020
44 d early
2019
18 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▲ 22.7%
2024 · €16k
2018: €32k
2019: €24k
2020: €4k
2021: €-2k
2022: €-4k
2023: €5k
2024: €16k
2018 → 2025
Total assets
€33k▼ 9.1%
2024 · €37k
2018: €51k
2019: €41k
2020: €31k
2021: €21k
2022: €13k
2023: €24k
2024: €37k
2018 → 2025
Net result
€4k▼ 67.7%
2024 · €11k
2018: €-3k
2019: €-8k
2020: €-20k
2021: €-6k
2022: €-2k
2023: €8k
2024: €11k
2018 → 2025
Working capital
€16k▲ 29.7%
2024 · €12k
2018: €27k
2019: €16k
2020: €-6k
2021: €-13k
2022: €-12k
2023: €-918
2024: €12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€-4k▼ 104%€5k€16k▲ 234%€19k▲ 22.7%
Operating result€-6k-€-2k▲ 73.3%€9k€12k▲ 31.3%€4k▼ 63.4%
Net result€-6k-€-2k▲ 68.6%€8k€11k▲ 31.7%€4k▼ 67.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33k
Fixed assets
€4k▼ 12.6%
Current assets
€29k▼ 8.6%
Equity and liabilities €33k
Equity
€19k▲ 22.7%
Debt
€14k▼ 33.2%
The debt ratio falls from 56.8% to 41.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€5k▼
2024 · €14k
Cash flow
€4k▼
2024 · €13k
Solvency
58.3%▲
2024 · 43.2%
Current ratio
2.12▲
2024 · 1.59
Quick ratio
2.03▲
2024 · 1.53
Debt / equity
0.72▼
2024 · 1.31
ROE
18.5%▼
2024 · 70.0%
ROA
10.8%▼
2024 · 30.3%
Interest coverage
6.81▼
2024 · 14.38
Debt
€14k▼
2024 · €21k
Debt ≤ 1 year
€14k▼
2024 · €20k
Income taxes
€141▲
2024 · €140
Staff costs
€26k▲
2024 · €14k
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€37k€33k▼
Fixed assets21/28€4k€4k▼
Tangible fixed assets22/27€869€304▼
Plant, machinery and equipment23€869€304▼
Financial fixed assets28€4k€4k=
Current assets29/58€32k€29k▼
Stocks and contracts in progress3€1k€1k▲
Stocks30/36€1k€1k▲
Amounts receivable within one year40/41€4k€1k▼
Trade receivables40€3k€1k▼
Other amounts receivable41€685€15▼
Cash at bank and in hand54/58€27k€27k▼
Deferred charges and accrued income490/1€49€51▲
Equity and liabilities
Total equity and liabilities10/49€37k€33k▼
Equity10/15€16k€19k▲
Contributions10/11€12k€12k=
Reserves13€19k€19k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€-16k€-12k▲
Amounts payable17/49€21k€14k▼
Amounts payable within one year42/48€20k€14k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€1k€1k▲
Remuneration and social security454/9€6k€6k▲
Other amounts payable47/48€11k€4k▼
Accrued charges and deferred income492/3€601€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€14k€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€565▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€30k€33k▲
Operating profit (loss)9901€12k€4k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€982€740▼
Recurring financial charges65€982€740▼
Profit (loss) for the period before taxes9903€11k€4k▼
Income taxes67/77€140€141▲
Profit (loss) for the period9904€11k€4k▼
Profit (loss) for the period to be appropriated9905€11k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-12k▲
Profit (loss) brought forward from the previous period14P€-27k€-16k▲
The notes to these accounts (7 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €11k ▲31.7%
Operating result €12k, net result €11k, both a record.
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 450 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after 5 loss-making years.
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Aalst · 1 establishment unit since 1996
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.
Gentse steenweg 1379300 AalstGround area
138 m²
Building footprint
138 m²
Volume, LiDAR
897 m³
Parcel 41302C0548/00T003, Flanders · tallest building 12.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NEW GARDEN
since 19962.077.413.663
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41302C0548/00T003 | Flanders | 138 m² | 1 · 138 m² | 12.0 m · 1 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 siteAalst2.077.413.663
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Of 21,621 companies in sector 56112 we hold annual accounts for 9,654. 7,929 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-07-1996
Fiscal year end31-12
Activities, NACEBEL
55301
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.