SOCIÉTE DU GARNISTEAU
ActiveSummary
SOCIÉTE DU GARNISTEAU has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.02M and a net result of €-22k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 82% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-1
Solvency100▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.28 in 2023; short-term debt: 9% and cash: 0.5% of total assets), and 24.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
75.6%
Return on assets
-1.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2023
103 d late
2022
32 d late
2021
397 d late
2020
83 d late
2019
16 d early
2018
28 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-22k▼ 96.0%
2023 · €-11k
2018: €-29k
2019: €-18k
2020: €-19k
2021: €-22k
2022: €-21k
2023: €-11k
2018 → 2025
Working capital
€-109k▼ 45.8%
2023 · €-75k
2018: €-87k
2019: €-84k
2020: €-83k
2021: €-86k
2022: €-85k
2023: €-75k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€1.12M-€1.10M▼ 2.0%€1.08M▼ 1.9%€1.07M▼ 1.0%€1.02M▼ 4.7%
Operating result€-8k-€-14k▼ 81.9%€-12k▲ 12.6%€-2k▲ 82.4%€-15k▼ 592%
Net result€-19k-€-22k▼ 16.8%€-21k▲ 5.0%€-11k▲ 47.7%€-22k▼ 96.0%
Result per fiscal year
Operating resultNet result
The operating result is €-15k in 2025, compared with €-2k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €1.35M
Fixed assets
€1.33M ▼ 7.6%
Current assets
€12k ▼ 58.3%
Equity and liabilities €1.35M
Equity
€1.02M ▼ 4.7%
Debt
€329k ▼ 18.9%
Debt's share of the balance-sheet total falls from 27.5% to 24.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€45k▼
2023 · €57k
Cash flow
€38k▼
2023 · €48k
Current ratio
0.10▼
2023 · 0.28
Debt to equity
0.32▼
2023 · 0.38
ROE
-2.1%▼
2023 · -1.0%
ROA
-1.6%▼
2023 · -0.8%
Interest coverage
6.39▲
2023 · 6.35
Debt ≤ 1 year
€122k▲
2023 · €104k
Debt > 1 year
€201k▼
2023 · €301k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2023 · 37 lines
Balance sheet
Code20232025
Assets
Total assets20/58€1.47M€1.35M▼
Fixed assets21/28€1.44M€1.33M▼
Tangible fixed assets22/27€1.44M€1.33M▼
Land and buildings22€1.44M€1.33M▼
Current assets29/58€29k€12k▼
Amounts receivable within one year40/41€19k€3k▼
Trade receivables40€16k-
Other amounts receivable41€3k€3k=
Cash at bank and in hand54/58€7k€7k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.47M€1.35M▼
Equity10/15€1.07M€1.02M▼
Contributions10/11€2.80M€2.80M=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-1.74M€-1.78M▼
Amounts payable17/49€405k€329k▼
Amounts payable after more than one year17€301k€201k▼
Financial debts170/4€301k€201k▼
Amounts payable within one year42/48€104k€122k▲
Current portion of amounts payable after more than one year42€25k€43k▲
Trade debts44€10k€7k▼
Suppliers440/4€10k€7k▼
Other amounts payable47/48€69k€71k▲
Accrued charges and deferred income492/3€415€7k▲
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€60k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€62k€51k▼
Operating profit (loss)9901€-2k€-15k▼
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€-11k€-22k▼
Profit (loss) for the period9904€-11k€-22k▼
Profit (loss) for the period to be appropriated9905€-11k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.74M€-1.78M▼
Profit (loss) brought forward from the previous period14P€-1.72M€-1.76M▼
The notes to these accounts (13 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2024
11-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 103 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 397 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 83 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 37 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
12-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 73 days late
NBB filing
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, Watermaal-Bosvoorde · 1 establishment unit since 1966
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.
Vorstlaan 251170 Watermaal-BosvoordeGround area
8.3 ha
Building footprint
1.3 ha
Volume, LiDAR
184,450 m³
Parcel 21652E0905/00H000, Brussels · tallest building 51.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Société du GARNISTEAU
since 19662.037.610.605
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0905/00H000 | Brussels | 8.3 ha | 1 · 1.3 ha | 51.0 m · 3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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MANOR
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,824 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.