SRL GARBIN
ActiveSummary
SRL GARBIN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €247,956 and a net result of €9,077. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 92% of 7730 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+5
Solvency100=
Growth62=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 3.92 against 3.35 in 2024; short-term debt: 13.1% and cash: 29.7% of total assets), and 13.1% of the assets are financed with debt.
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Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
86.9%
Return on assets
3.2%
Age of the figures
9 mo
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
57 d early
2023
40 d early
2022
94 d early
2021
52 d early
2020
2 d early
2019
1 d early
← 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 42 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 9 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€264,420▲ 0.1%
2024 · €264,062
EBIT margin
5.7%▲ 4.5pp
2024 · 1.2%
Net result
€9,077▲ 239%
2024 · €2,677
Working capital
€108,784▲ 18.7%
2024 · €91,633
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 41, Construction of residential and non-residential buildings, 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
Line20212022202320242025
Turnover€235,918▼ 17.4%€248,665▲ 5.4%€273,546▲ 10.0%€264,062▼ 3.5%€264,420▲ 0.1%
Operating result€1,516▼ 91.2%€470▼ 69.0%€6,518▲ 1,287%€3,075▼ 52.8%€14,942▲ 386%
Net result€2,352within the sector's middle half▼ 83.5%€261within the sector's middle half▼ 88.9%€4,993within the sector's middle half▲ 1,813%€2,677within the sector's middle half▼ 46.4%€9,077within the sector's middle half▲ 239%
EBIT margin0.6%▼ 5.4pp0.2%▼ 0.5pp2.4%▲ 2.2pp1.2%▼ 1.2pp5.7%▲ 4.5pp
Equity€230,949above the sector's middle half▲ 1.0%€231,210above the sector's middle half▲ 0.1%€236,203above the sector's middle half▲ 2.2%€238,879above the sector's middle half▲ 1.1%€247,956above the sector's middle half▲ 3.8%
Total assets€294,655within the sector's middle half▼ 8.7%€273,624within the sector's middle half▼ 7.1%€273,125within the sector's middle half▼ 0.2%€277,911within the sector's middle half▲ 1.8%€285,176within the sector's middle half▲ 2.6%
Debt€63,706▼ 32.2%€42,414▼ 33.4%€36,922▼ 12.9%€39,032▲ 5.7%€37,219▼ 4.6%
Working capital€35,591within the sector's middle half▲ 1,052%€54,861within the sector's middle half▲ 54.1%€79,965above the sector's middle half▲ 45.8%€91,633above the sector's middle half▲ 14.6%€108,784above the sector's middle half▲ 18.7%
Solvency78.4%above the sector's middle half▲ 7.5pp84.5%above the sector's middle half▲ 6.1pp86.5%above the sector's middle half▲ 2.0pp86.0%above the sector's middle half▼ 0.5pp86.9%above the sector's middle half▲ 1.0pp
Current ratio1.61within the sector's middle half▲ 0.572.33within the sector's middle half▲ 0.733.46above the sector's middle half▲ 1.123.35above the sector's middle half▼ 0.113.92above the sector's middle half▲ 0.58
Return on assets (ROA)0.8%within the sector's middle half▼ 3.6pp0.1%below the sector's middle half▼ 0.7pp1.8%within the sector's middle half▲ 1.7pp1.0%within the sector's middle half▼ 0.9pp3.2%within the sector's middle half▲ 2.2pp
Staff (FTE)1=
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 386% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285,176
Fixed assets
€139,173 ▼ 5.5%
Current assets
€146,003 ▲ 11.7%
Equity and liabilities €285,176
Equity
€247,956 ▲ 3.8%
Debt
€37,219 ▼ 4.6%
Debt's share of the balance-sheet total falls from 14.0% to 13.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,546▲
2024 · €17,184
Cash flow
€17,681▲
2024 · €16,785
Quick ratio
2.74▲
2024 · 1.03
Debt to equity
0.15▼
2024 · 0.16
ROE
3.7%▲
2024 · 1.1%
Interest coverage
51.96▼
2024 · 81.47
Debt ≤ 1 year
€37,219▼
2024 · €39,032
Income taxes
€6,068▲
2024 · €3,000
Staff costs
€45,706▲
2024 · €43,808
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
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 497,341 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 17,040 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €235,918 | €248,665 | €273,546 | €264,062 | €264,420 | ▲ 0.1% |
| Non-recurring operating income76A | €10,045 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €175,429 | €179,847 | €199,903 | €204,442 | €150,319 | ▼ 26.5% |
| Remuneration, social security and pensions62 | €36,848 | €37,766 | €42,771 | €43,808 | €45,706 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,671 | €22,789 | €17,552 | €14,108 | €8,604 | ▼ 39.0% |
| Other operating charges640/8 | €6,499 | €7,792 | €6,801 | €6,649 | €6,800 | ▲ 2.3% |
| Gross operating margin9900 | €70,534 | €68,817 | €73,642 | €67,640 | €76,051 | ▲ 12.4% |
| Operating profit (loss)9901 | €1,516 | €470 | €6,518 | €3,075 | €14,942 | ▲ 386% |
| Financial income75/76B | €1,170 | €667 | €10 | €2,812 | €656 | ▼ 76.7% |
| Recurring financial income75 | €1,170 | €667 | €10 | €2,812 | €656 | ▼ 76.7% |
| Financial charges65/66B | €256 | €399 | €256 | €211 | €453 | ▲ 115% |
| Recurring financial charges65 | €256 | €399 | €256 | €211 | €453 | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €2,431 | €738 | €6,272 | €5,677 | €15,144 | ▲ 167% |
| Income taxes67/77 | €78 | €477 | €1,279 | €3,000 | €6,068 | ▲ 102% |
| Profit (loss) for the period9904 | €2,352 | €261 | €4,993 | €2,677 | €9,077 | ▲ 239% |
| Profit (loss) for the period to be appropriated9905 | €2,352 | €261 | €4,993 | €2,677 | €9,077 | ▲ 239% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €294,655 | €273,624 | €273,125 | €277,911 | €285,176 | ▲ 2.6% |
| Fixed assets21/28 | €200,343 | €177,554 | €160,605 | €147,247 | €139,173 | ▼ 5.5% |
| Tangible fixed assets22/27 | €200,293 | €177,504 | €160,555 | €147,197 | €139,123 | ▼ 5.5% |
| Land and buildings22 | €166,635 | €159,514 | €152,394 | €145,274 | €138,154 | ▼ 4.9% |
| Plant, machinery and equipment23 | €2,869 | €1,521 | €1,193 | €541 | €527 | ▼ 2.6% |
| Furniture and vehicles24 | €30,790 | €16,469 | €6,968 | €1,382 | €442 | ▼ 68.0% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €94,312 | €96,070 | €112,520 | €130,664 | €146,003 | ▲ 11.7% |
| Stocks and contracts in progress3 | €20,150 | €56,150 | €81,150 | €90,650 | €44,150 | ▼ 51.3% |
| Stocks30/36 | €20,150 | €56,150 | €81,150 | €90,650 | €44,150 | ▼ 51.3% |
| Amounts receivable within one year40/41 | €29,774 | €11 | €4,491 | €7,455 | €14,797 | ▲ 98.5% |
| Trade receivables40 | €12,100 | - | - | €1,489 | €14,522 | ▲ 876% |
| Other amounts receivable41 | €17,674 | €11 | €4,491 | €5,967 | €275 | ▼ 95.4% |
| Cash at bank and in hand54/58 | €35,516 | €34,980 | €21,615 | €30,186 | €84,646 | ▲ 180% |
| Deferred charges and accrued income490/1 | €8,872 | €4,929 | €5,264 | €2,373 | €2,410 | ▲ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €294,655 | €273,624 | €273,125 | €277,911 | €285,176 | ▲ 2.6% |
| Equity10/15 | €230,949 | €231,210 | €236,203 | €238,879 | €247,956 | ▲ 3.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €13,428 | €13,428 | €13,428 | €13,428 | €13,428 | = |
| 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 | €11,568 | €11,568 | €11,568 | €11,568 | €11,568 | = |
| Profit (loss) carried forward14 | €211,321 | €211,582 | €216,574 | €219,251 | €228,328 | ▲ 4.1% |
| Amounts payable17/49 | €63,706 | €42,414 | €36,922 | €39,032 | €37,219 | ▼ 4.6% |
| Amounts payable within one year42/48 | €58,720 | €41,209 | €32,555 | €39,032 | €37,219 | ▼ 4.6% |
| Trade debts44 | €7,024 | €14,028 | €4,424 | €18,284 | €14,258 | ▼ 22.0% |
| Suppliers440/4 | €7,024 | €14,028 | €4,424 | €18,284 | €14,258 | ▼ 22.0% |
| Taxes, remuneration and social security45 | €8,547 | €9,100 | €11,115 | €13,389 | €17,638 | ▲ 31.7% |
| Taxes450/3 | €1,390 | €1,496 | - | - | €6,460 | - |
| Remuneration and social security454/9 | €7,157 | €7,604 | €11,115 | €13,389 | €11,178 | ▼ 16.5% |
| Other amounts payable47/48 | €43,149 | €18,081 | €17,016 | €7,359 | €5,324 | ▼ 27.7% |
| Accrued charges and deferred income492/3 | €4,986 | €1,205 | €4,367 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,352 | €261 | €4,993 | €2,677 | €9,077 | ▲ 239% |
| + Depreciation and write-downs630 | €25,671 | €22,789 | €17,552 | €14,108 | €8,604 | ▼ 39.0% |
| Operating cash flow (approximation) | €28,024 | €23,050 | €22,544 | €16,785 | €17,681 | ▲ 5.3% |
| Investment in fixed assets (approximation) | - | €0 | -€602 | -€750 | -€530 | ▲ 29.3% |
| Change in cash | - | -€536 | -€13,365 | €8,571 | €54,461 | ▲ 535% |
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
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €14,223 ▲809%
Operating result €17,199, net result €14,223, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €1,564
Net result €1,564 after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Frasnes-lez-Anvaing · 1 establishment unit since 2002
Ground area
1,497 m²
Building footprint
223 m²
Volume, LiDAR
759 m³
2 parcels, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Petit Quesnoy(SS) 5 A, 7912 Frasnes-lez-Anvaing
since 20022.098.745.448
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51053D0416/00L000 | Wallonia | 954 m² | 1 · 147 m² | 7.4 m · 2 fl. |
| 51053B0724/00L000indicative | Wallonia | 542 m² | 1 · 76 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,766 companies in this sector we hold annual accounts for 16,066. 11,556 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded31-12-2001
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476527742
Registered
23-12-2025
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.