Equity
€1.5m ▲ 10.3%
GARAGE VANHEES has made a profit in every financial year since 2006.
GARAGE VANHEES
Lifetime
20 annual accounts with figures on one time axis, 46 filings since 1980peak €8.2m (2024)
€6.6m▼ 19.0%
peak €189,086 (2022)
€139,079▲ 176%
peak €1.5m (2025)
€1.5m▲ 10.3%
€582,401▲ 72.7%
peak 7.8 FTE (2008)
6.2 FTE▲ 14.8%
Board6 names since 2018
5 directorsCODI HOLDING and 4 others
Owners4 names in the annual accounts
21.25%GARAGE VANDUFFEL and 1 other
Documentsfilings and deeds
31-07-2026on the last day
2025financial year
Turnover from €8.2m to €6.6mResult from €50,328 to €139,079Staff from 5.4 FTE to 6.2 FTEDebts from €337,258 to €582,401Investments €81,211Cash from €360,431 to €223,497
Key points
from the 2025 annual accountsResult
€139,079 ▲ 176%
The result rose in 2025 from €50,328 to €139,079.
Debts
€582,401 ▲ 72.7%
Debts rose by €245,143 in 2025.
Investments
€122,265 4.2 × depreciation
Green is investment, beige is depreciation. Machinery stands 329.5% higher than in 2024.
Staff
6 employees on 31-12-2025
In 2025, 5 people joined and 4 left.
Filings
46 annual accounts since 1980
Eight of the last ten came late. The 2021 accounts came latest: 61 days after the end of the period.
Checked score
94
Excellent
Financially stronger than 54% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.3 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1979
Profit of €139,079 (financial year 2025)
Liquidity: current ratio 2.93, cash €223,497
Equity €1.5m (71.9% of total assets)
Calculation
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 47, micro). It does better than 82% of them on solvency, 61% on liquidity, 32% on profitability and 40% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as GARAGE VANHEES has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GARAGE VANHEES itself: 0.1% within 12 months.
Test of the method
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 31,368 companies, not a prediction for GARAGE VANHEES. 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.
Credit verdict
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.93 (3.57 in 2024), above the usual 1.5. Short-term debt is 23.5% and cash 10.8% of total assets. 28.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 days late
2023
30 days late
2022
18 days late
2021
61 days late
2020
31 days late
2019
48 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CODI HOLDING 21.25%equity €2.7m (2025) · 2025 annual accounts of CODI HOLDING
- GARAGE VANDUFFEL 21.25%score 91equity €1.2m (2025) · 2025 annual accounts of GARAGE VANDUFFEL
- WVC 8.75%score 89equity €408,647 (2025) · 2025 annual accounts of WVC
Shares in 2 companies, COVAMO and WVC
Board & ownershipRecent changes
Resignation: Willy Winters (director)
Permanent representative: Jan Jehoul · General meeting of 30-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0419824215
Environmental permit granted
Een grond gebruiken, aanleggen of inrichten, Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw of aanleggen and 4 more · Genk
4 directors reappointed
CODI HOLDING, Arlusa (managing director), WOUTERS Remy and WINTERS Willy · Permanent representatives: COOLS Jan and JEHOUL Jan · “Kleinhandel in motorvoertuigen en onderdelen; kleinhandel in tweedehandsauto’s en onderdelen; kleinhandel in…” (deed in Dutch) · General meeting of 18-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GARAGE VANHEES Genk | €6.6m | 2.8% | 71.9% | 6.2 |
| GARAGE COOLS Balen | €8.3m | 3.0% | 63.9% | 6.6 |
| RENAULT PHILIPPEVILLE Philippeville | €11.3m | 1.7% | 38.4% | 5.9 |
| ETABLISSEMENTS PATER ET CIE Courcelles | €6.7m | 3.1% | 36.1% | 8.9 |
| GSL LA LOUVIERE Fontaine-l'Evêque | €4.5m | 0.6% | 43.9% | 8 |
| Auto Centrum Zwijndrecht Beveren-Kruibeke-Zwijndrecht | €5.8m | 2.7% | 63.4% | 9 |
| Garage TEUNKENS Beringen | €3.6m | -1.2% | 22.2% | 4.7 |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as GARAGE VANHEES: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €1.2m and €2.3m, founded between 1971 and 1991.
Official details
Source: KBO- Status
- Active since 16-10-1979Normal situation
- Activity
- Retail sale of cars and light vans (up to 3.5 tonnes)NACE 47811and 1 other
- Joint committees
- 112Garages
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.016.806.1823600 Genk, since 01-11-1979
- Financial year end
- 31 December
- Peppol
- Reachable since 20-05-2026
Annual accounts 2025
- €2.1m▲ 22.7%
- Employeeson 31-12-2025
- 6▲ 20.0%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on GARAGE VANHEES
GARAGE VANHEES has existed since 1979. Turnover grew from €4.4m in 2006 to €6.6m in 2025.
Solvency fell in 2025 from 80.0% to 71.9% because of higher debts to suppliers.
In January 2024, the Official Gazette published the appointment of Arlusa as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GARAGE VANHEES
- What is the company number of GARAGE VANHEES?
- The company number of GARAGE VANHEES is 0419.824.215. The VAT number is the same number with BE in front: BE 0419.824.215.
- Where is GARAGE VANHEES based?
- The registered office is at Wiemesmeerstraat 37, 3600 Genk.Company details
- What does GARAGE VANHEES do?
- According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
- What is the legal form of GARAGE VANHEES?
- GARAGE VANHEES is a public limited company (NV).
- When was GARAGE VANHEES founded?
- GARAGE VANHEES was founded on 16-10-1979.
- Is GARAGE VANHEES still active?
- Yes, GARAGE VANHEES is an active enterprise in the KBO register.
- How many employees does GARAGE VANHEES have?
- GARAGE VANHEES had an average of 6.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GARAGE VANHEES fall under?
- In its 2025 annual accounts, GARAGE VANHEES states joint committees 112 (Garages) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of GARAGE VANHEES?
- The turnover of GARAGE VANHEES was €6.6m in financial year 2025, according to the filed annual accounts.
- Is GARAGE VANHEES profitable?
- In financial year 2025, GARAGE VANHEES made a profit of €139,079.
- Where can I find the annual accounts of GARAGE VANHEES?
- GARAGE VANHEES filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GARAGE VANHEES due?
- GARAGE VANHEES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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