GARAGE CASSELMAN
ActiveSummary
GARAGE CASSELMAN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €916k and a net result of €118k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 11.99 against 16.34 in 2024; short-term debt: 7.4% and cash: 37.9% of total assets), and 7.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
92.3%
Return on assets
11.8%
Age of the figures
9 mo
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
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
45 d early
2023
33 d early
2022
34 d early
2021
54 d early
2020
26 d early
2019
116 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€916k▲ 14.7%
2024 · €798k
2018: €489k
2019: €549k
2020: €440k
2021: €524k
2022: €601k
2023: €687k
2024: €798k
2018 → 2025
Total assets
€993k▲ 16.8%
2024 · €850k
2018: €674k
2019: €643k
2020: €515k
2021: €591k
2022: €627k
2023: €725k
2024: €850k
2018 → 2025
Net result
€118k▲ 5.9%
2024 · €111k
2018: €49k
2019: €60k
2020: €80k
2021: €84k
2022: €77k
2023: €86k
2024: €111k
2018 → 2025
Working capital
€803k▲ 12.8%
2024 · €712k
2018: €443k
2019: €489k
2020: €394k
2021: €491k
2022: €568k
2023: €580k
2024: €712k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€524k-€601k▲ 14.6%€687k▲ 14.4%€798k▲ 16.2%€916k▲ 14.7%
Operating result€119k-€109k▼ 8.6%€122k▲ 12.0%€156k▲ 27.5%€174k▲ 11.7%
Net result€84k-€77k▼ 9.1%€86k▲ 12.6%€111k▲ 28.6%€118k▲ 5.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €993k
Fixed assets
€116k ▲ 26.6%
Current assets
€877k ▲ 15.6%
Equity and liabilities €993k
Equity
€916k ▲ 14.7%
Debt
€77k ▲ 48.3%
Debt's share of the balance-sheet total rises from 6.1% to 7.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€202k▲
2024 · €174k
Cash flow
€145k▲
2024 · €129k
Current ratio
11.99▼
2024 · 16.34
Quick ratio
9.69▼
2024 · 13.86
Debt to equity
0.08▲
2024 · 0.06
ROE
12.8%▼
2024 · 13.9%
ROA
11.8%▼
2024 · 13.1%
Interest coverage
133.96▲
2024 · 108.21
Debt ≤ 1 year
€73k▲
2024 · €46k
Debt > 1 year
€4k▼
2024 · €5k
Income taxes
€59k▲
2024 · €47k
Staff costs
€57k▲
2024 · €56k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€850k€993k▲
Fixed assets21/28€92k€116k▲
Tangible fixed assets22/27€92k€116k▲
Plant, machinery and equipment23€27k€31k▲
Furniture and vehicles24€64k€85k▲
Current assets29/58€758k€877k▲
Stocks and contracts in progress3€115k€168k▲
Stocks30/36€115k€168k▲
Amounts receivable within one year40/41€39k€30k▼
Trade receivables40€39k€30k▼
Current investments50/53€300k€300k=
Cash at bank and in hand54/58€303k€377k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€850k€993k▲
Equity10/15€798k€916k▲
Contributions10/11€20k€20k=
Reserves13€778k€896k▲
Distributable reserves133€778k€896k▲
Amounts payable17/49€52k€77k▲
Amounts payable after more than one year17€5k€4k▼
Other amounts payable178/9€5k€4k▼
Amounts payable within one year42/48€46k€73k▲
Financial debts43€15k€10k▼
Credit institutions430/8€15k€10k▼
Trade debts44€6k€25k▲
Suppliers440/4€6k€25k▲
Advances received on contracts in progress46-€243
Taxes, remuneration and social security45€25k€38k▲
Taxes450/3€24k€36k▲
Remuneration and social security454/9€2k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€430€6k▲
Remuneration, social security and pensions62€56k€57k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€28k▲
Other operating charges640/8€5k€5k▲
Non-recurring operating charges66A€951-
Gross operating margin9900€235k€264k▲
Operating profit (loss)9901€156k€174k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€158k€177k▲
Income taxes67/77€47k€59k▲
Profit (loss) for the period9904€111k€118k▲
Profit (loss) for the period to be appropriated9905€111k€118k▲
Appropriation of the result
Profit (loss) to be appropriated9906€111k€118k▲
Transfer to equity691/2€111k€118k▲
To other reserves6921€111k€118k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €118k ▲5.9%
Operating result €174k, net result €118k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 22.32
Current ratio from 8.61 to 22.32; short-term debt falls from €65k to €27k.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €524k ▲19.2%
4 profitable years in a row build equity to €524k.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 9.45
Current ratio from 4.18 to 9.45; short-term debt falls from €139k to €58k.
31-12
Financial
Equity above €500kEq €549k ▲12.4%
2 profitable years in a row build equity to €549k.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Middelkerke · 1 establishment unit since 2006
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.
Westendelaan 1548430 MiddelkerkeGround area
484 m²
Building footprint
320 m²
Parcel 35322C0336/00P004, Flanders. Linked by address, not a title deed.
1 establishment unit
GARAGE CASSELMAN
since 20062.151.588.177
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35322C0336/00P004 | Flanders | 484 m² | 1 · 319 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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GARAGE MALHERBE et FILS
BE 0428.743.364
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AUTOBEDRIJF P. BELLENS
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HVS MOTORS
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Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 3,036 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
Founded17-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.