Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €43,993 falls due within a year.
Lower net result than 90% of companies in repair of computers and personal goods. Sector median €8,390 · 3,326 companies.
The dashed line is the sector median: 0.5% across 5,137 companies (NACE 95, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 95, micro). It does better than 13% of them on solvency, 0% on liquidity and 5% on profitability.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,008 companies had the same profile as Tourust Garage has now. Each dot stands for 16 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Tourust Garage itself: 4.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for Tourust Garage. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.6, below 1. Short-term debt is 95.8% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Tourust Garage Destelbergen | €45,914 | -€5,118 | -16.9% | - |
| ESIN PNEUS La Louvière | €52,418 | -€10,963 | -69.6% | - |
| AUTOWORKS Waregem | €54,108 | -€34,798 | 25.4% | - |
| JD CARS AUTOMOTIVE Kampenhout | €48,167 | -€23 | -78.8% | - |
| RM AUTO-MOTO Bouillon | €39,088 | -€41,259 | -114.5% | - |
| AUTO REPARADORA Antwerp | €36,151 | -€6,147 | 5.1% | - |
| HKS CARS Londerzeel | €66,525 | -€38,272 | -91.5% | - |
These companies have the same main activity as Tourust Garage: general maintenance and repair of cars and light vans (up to 3.5 tonnes) (NACE 95311). They are comparable in size and age: total assets between €36,200 and €66,500, founded between 2019 and 2021.
The computed 12-month bankruptcy probability of Tourust Garage is 4.2% (elevated). The 2025 annual accounts show negative equity (-€7,769) and a net result of -€15,237.
Its solvency ranks better than 14% of 3,327 sector peers (NACE 95, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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