TUINWERKEN GERT
ActiveThe computed 12-month bankruptcy probability of TUINWERKEN GERT is 2.5% (moderate). The 2024 annual accounts show equity of €11k and a net result of €17k. Equity is shrinking by ~22% per year across the filed fiscal years. Its solvency ranks better than 19% of 5895 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability92▲+92
Solvency37▲+19
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.64 in 2023; short-term debt: 71.9% and cash: 52.9% of total assets), and 88.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
11.9%
Return on assets
18.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 5895 sector peers (2024).
NBB · sector comparisonPosition among 5895 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
26 d early
2022
23 d late
2021
24 d late
2020
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€11k
2023 · €-6k
2020: €12k
2021: €20k
2022: €17k
2023: €-6k
2020 → 2024
Total assets
€93k▲ 8.5%
2023 · €86k
2020: €64k
2021: €116k
2022: €103k
2023: €86k
2020 → 2024
Net result
€17k
2023 · €-23k
2020: €10k
2021: €8k
2022: €-2k
2023: €-23k
2020 → 2024
Working capital
€-236▲ 99.1%
2023 · €-26k
2020: €-39k
2021: €-42k
2022: €-30k
2023: €-26k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€12k-€20k▲ 64.6%€17k▼ 12.1%€-6k€11k
Operating result€13k-€9k▼ 28.9%€-1k€-23k▼ 1,629%€19k
Net result€10k-€8k▼ 22.3%€-2k€-23k▼ 879%€17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €19k after a loss of €23k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €93k
Fixed assets
€26k▼ 33.8%
Current assets
€67k▲ 45.2%
Equity and liabilities €93k
Equity
€11k
Debt
€82k
Debt finances 88.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€40k▲
2023 · €-3k
Cash flow
€38k▲
2023 · €-4k
Solvency
11.9%▲
2023 · -7.1%
Current ratio
1.00▲
2023 · 0.64
Quick ratio
1.00▲
2023 · 0.64
Debt / equity
7.42▲
2023 · -15.18
ROE
154.7%
ROA
18.4%▲
2023 · -27.2%
Interest coverage
16.16▲
2023 · -4.98
Debt
€82k▼
2023 · €92k
Debt ≤ 1 year
€67k▼
2023 · €72k
Debt > 1 year
€15k▼
2023 · €20k
Income taxes
€39
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€86k€93k▲
Fixed assets21/28€40k€26k▼
Tangible fixed assets22/27€40k€26k▼
Plant, machinery and equipment23€25k€14k▼
Furniture and vehicles24€15k€12k▼
Current assets29/58€46k€67k▲
Stocks and contracts in progress3€229-
Stocks30/36€229-
Amounts receivable within one year40/41€12k€16k▲
Trade receivables40€12k€16k▲
Cash at bank and in hand54/58€33k€49k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€86k€93k▲
Equity10/15€-6k€11k▲
Contributions10/11€2k€2k=
Reserves13€18k€18k=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14€-26k€-9k▲
Amounts payable17/49€92k€82k▼
Amounts payable after more than one year17€20k€15k▼
Financial debts170/4€20k€15k▼
Amounts payable within one year42/48€72k€67k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€7k€7k▼
Taxes450/3€3k€4k▲
Remuneration and social security454/9€4k€4k▼
Other amounts payable47/48€54k€53k▼
Income statement
Code20232024
Remuneration, social security and pensions62€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€21k▲
Other operating charges640/8€5k€748▼
Gross operating margin9900€7k€41k▲
Operating profit (loss)9901€-23k€19k▲
Financial income75/76B€3€138▲
Recurring financial income75€3€138▲
Financial charges65/66B€637€3k▲
Recurring financial charges65€637€3k▲
Profit (loss) for the period before taxes9903€-23k€17k▲
Income taxes67/77-€39
Profit (loss) for the period9904€-23k€17k▲
Profit (loss) for the period to be appropriated9905€-23k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€-9k▲
Profit (loss) brought forward from the previous period14P€-2k€-26k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
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, Sint-Katelijne-Waver · 1 establishment unit since 2020
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.
Liersesteenweg 1322860 Sint-Katelijne-WaverGround area
870 m²
Building footprint
222 m²
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
TUINWERKEN GERT
since 20202.302.170.086
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035E0525/00D000 | Flanders | 499 m² | 1 · 109 m² | - |
| 12035E0525/00A000 | Flanders | 371 m² | 1 · 113 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,375 EUR awarded · 6,375 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 419 EUR | 419 EUR |
| 2024 | 1 | 149 EUR | 149 EUR |
| 2023 | 1 | 5,694 EUR | 5,694 EUR |
| 2022 | 1 | 113 EUR | 113 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 21,218 companies in sector 81300 we hold annual accounts for 4,363. 2,535 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-04-2020
Fiscal year end31-12
Activities, NACEBEL
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0471/138288