CARFRIG
ActiveSummary
CARFRIG has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.22M and a net result of €642k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 993 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability94=
Solvency64▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.95 in 2023; short-term debt: 51.7% and cash: 3.6% of total assets), and 61.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← 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 2024Solvency, return and age of the figures
Solvency
38.6%
Return on assets
20.2%
Age of the figures
21 mo
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 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
29 d late
2022
273 d late
2021
44 d early
2020
24 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.22M▲ 3.5%
2023 · €1.18M
2018: €623k
2019: €727k
2020: €945k
2021: €1.09M
2022: €1.13M
2023: €1.18M
2018 → 2024
Total assets
€3.17M▼ 3.6%
2023 · €3.29M
2018: €1.38M
2019: €1.35M
2020: €1.50M
2021: €1.72M
2022: €3.07M
2023: €3.29M
2018 → 2024
Net result
€642k▼ 2.2%
2023 · €656k
2018: €389k
2019: €204k
2020: €318k
2021: €348k
2022: €284k
2023: €656k
2018 → 2024
Working capital
€143k
2023 · €-72k
2018: €-91k
2019: €139k
2020: €395k
2021: €459k
2022: €188k
2023: €-72k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€945k-€1.09M▲ 15.7%€1.13M▲ 3.1%€1.18M▲ 5.0%€1.22M▲ 3.5%
Operating result€400k-€403k▲ 0.8%€318k▼ 21.1%€692k▲ 118%€690k▼ 0.3%
Net result€318k-€348k▲ 9.4%€284k▼ 18.5%€656k▲ 131%€642k▼ 2.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 0% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.17M
Fixed assets
€1.39M ▼ 21.5%
Current assets
€1.78M ▲ 17.2%
Equity and liabilities €3.17M
Equity
€1.22M ▲ 3.5%
Debt
€1.95M ▼ 7.6%
Debt's share of the balance-sheet total falls from 64.0% to 61.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.21M▲
2023 · €1.15M
Cash flow
€1.16M▲
2023 · €1.11M
Current ratio
1.09▲
2023 · 0.95
Debt to equity
1.59▼
2023 · 1.78
ROE
52.4%▼
2023 · 55.5%
ROA
20.2%▲
2023 · 19.9%
Interest coverage
26.46▼
2023 · 106.32
Debt ≤ 1 year
€1.64M▲
2023 · €1.59M
Debt > 1 year
€268k▼
2023 · €510k
Income taxes
€21k▼
2023 · €31k
Staff costs
€779k▲
2023 · €723k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.29M€3.17M▼
Fixed assets21/28€1.77M€1.39M▼
Tangible fixed assets22/27€1.77M€1.39M▼
Land and buildings22€492k€461k▼
Plant, machinery and equipment23€736€0▼
Furniture and vehicles24€240k€253k▲
Other tangible fixed assets26€1.04M€676k▼
Financial fixed assets28€17€17=
Current assets29/58€1.52M€1.78M▲
Amounts receivable within one year40/41€972k€1.63M▲
Trade receivables40€868k€1.00M▲
Other amounts receivable41€104k€631k▲
Cash at bank and in hand54/58€519k€115k▼
Deferred charges and accrued income490/1€30k€34k▲
Equity and liabilities
Total equity and liabilities10/49€3.29M€3.17M▼
Equity10/15€1.18M€1.22M▲
Contributions10/11€33k€33k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€1.15M€1.19M▲
Amounts payable17/49€2.11M€1.95M▼
Amounts payable after more than one year17€510k€268k▼
Financial debts170/4€487k€245k▼
Other amounts payable178/9€23k€23k=
Amounts payable within one year42/48€1.59M€1.64M▲
Current portion of amounts payable after more than one year42€240k€242k▲
Trade debts44€178k€44k▼
Suppliers440/4€178k€44k▼
Taxes, remuneration and social security45€136k€188k▲
Taxes450/3€57k€123k▲
Remuneration and social security454/9€79k€65k▼
Other amounts payable47/48€1.04M€1.16M▲
Accrued charges and deferred income492/3€6k€41k▲
Income statement
Code20232024
Non-recurring operating income76A€14k€22k▲
Remuneration, social security and pensions62€723k€779k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€454k€520k▲
Other operating charges640/8€22k€21k▼
Gross operating margin9900€1.89M€2.01M▲
Operating profit (loss)9901€692k€690k▼
Financial income75/76B€6k€19k▲
Recurring financial income75€6k€19k▲
Financial charges65/66B€11k€46k▲
Recurring financial charges65€11k€46k▲
Profit (loss) for the period before taxes9903€687k€663k▼
Income taxes67/77€31k€21k▼
Profit (loss) for the period9904€656k€642k▼
Profit (loss) for the period to be appropriated9905€656k€642k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.75M€1.79M▲
Profit (loss) brought forward from the previous period14P€1.09M€1.15M▲
Profit to be distributed694/7€600k€600k=
Directors or managers695€600k€600k=
Social balance
Average headcount (FTE)90879.79.7=
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 273 days late
2023
31-12
Financial
Highest result since 2018net €656k ▲131%
Operating result €692k, net result €656k, both a record.
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.09M ▲15.7%
4 profitable years in a row build equity to €1.09M.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €204k ▼47.6%
Net result drops to €204k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 65 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, Gent · 3 establishment units since 2012
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.
Industriepark-Drongen 29031 GentGround area
1.5 ha
Building footprint
6,520 m²
Volume, LiDAR
32,291 m³
3 parcels, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
CARFRIG
since 20122.210.350.975
CARFRIG ANTWERPEN
since 20192.306.256.162
CARFRIG BRUSSEL
since 20202.306.525.782
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0932/00M000 | Flanders | 8,481 m² | 1 · 4,039 m² | 10.4 m · 3 fl. |
| 11052A0026/00S005 | Flanders | 4,384 m² | 1 · 2,365 m² | - |
| 23095A0024/00C000 | Flanders | 2,389 m² | 1 · 115 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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VAN DAELE
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GARAGE MEIRHAEGHE
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GARAGE DEBUE
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Of 7,375 companies in sector 95311 we hold annual accounts for 2,959. 1,587 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 (pre-2019)
Founded14-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46712Wholesale trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:antwerpen@carfrig.be
Phone:0473 238222