Garage Delanote
ActiveSummary
Garage Delanote has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.10M and a net result of €236k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 993 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+6
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 28.95 against 15.64 in 2023; short-term debt: 3.2% and cash: 31.4% of total assets), and 9.6% 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○neutral
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 · 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 · 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
90.4%
Return on assets
6.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
30 d late
2021
2 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€3.10M▲ 26.8%
2023 · €2.44M
2018: €957k
2019: €1.16M
2020: €1.44M
2021: €1.76M
2022: €2.03M
2023: €2.44M
2018 → 2024
Total assets
€3.43M▲ 26.8%
2023 · €2.70M
2018: €1.73M
2019: €1.84M
2020: €1.92M
2021: €2.11M
2022: €2.29M
2023: €2.70M
2018 → 2024
Net result
€236k▲ 325%
2023 · €56k
2018: €149k
2019: €205k
2020: €282k
2021: €320k
2022: €270k
2023: €56k
2018 → 2024
Working capital
€3.03M▲ 35.1%
2023 · €2.25M
2018: €830k
2019: €988k
2020: €1.24M
2021: €1.56M
2022: €1.81M
2023: €2.25M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.44M-€1.76M▲ 22.1%€2.03M▲ 15.3%€2.44M▲ 20.4%€3.10M▲ 26.8%
Operating result€388k-€467k▲ 20.4%€376k▼ 19.5%€548k▲ 45.8%€910k▲ 66.0%
Net result€282k-€320k▲ 13.5%€270k▼ 15.7%€56k▼ 79.4%€236k▲ 325%
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 two years in a row; 2024 is 66% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.43M
Fixed assets
€286k ▼ 6.3%
Current assets
€3.14M ▲ 31.0%
Equity and liabilities €3.43M
Equity
€3.10M ▲ 26.8%
Provisions
€105k =
Debt
€224k ▲ 44.6%
Debt's share of the balance-sheet total rises from 5.7% to 6.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€958k▲
2023 · €600k
Cash flow
€284k▲
2023 · €107k
Current ratio
28.95▲
2023 · 15.64
Quick ratio
18.19▲
2023 · 8.87
Debt to equity
0.07▲
2023 · 0.06
ROE
7.6%▲
2023 · 2.3%
ROA
6.9%▲
2023 · 2.1%
Interest coverage
469.03▲
2023 · 122.14
Debt ≤ 1 year
€109k▼
2023 · €153k
Income taxes
€269k▲
2023 · €137k
Staff costs
€58k▼
2023 · €64k
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 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.70M€3.43M▲
Fixed assets21/28€306k€286k▼
Tangible fixed assets22/27€306k€286k▼
Land and buildings22€195k€175k▼
Plant, machinery and equipment23€10k€12k▲
Furniture and vehicles24€7k€4k▼
Other tangible fixed assets26€94k€95k▲
Current assets29/58€2.40M€3.14M▲
Stocks and contracts in progress3€1.04M€1.17M▲
Stocks30/36€1.04M€1.17M▲
Amounts receivable within one year40/41€94k€99k▲
Trade receivables40€94k€53k▼
Other amounts receivable41-€46k
Current investments50/53€636k€791k▲
Cash at bank and in hand54/58€596k€1.08M▲
Deferred charges and accrued income490/1€36k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.70M€3.43M▲
Equity10/15€2.44M€3.10M▲
Contributions10/11€346k€346k=
Reserves13€2.00M€2.66M▲
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Tax-exempt reserves132€608k€756k▲
Distributable reserves133€1.39M€1.90M▲
Profit (loss) carried forward14€97k€97k▲
Provisions and deferred taxes16€105k€105k=
Provisions for liabilities and charges160/5€105k€105k=
Pensions and similar obligations160€105k€105k=
Amounts payable17/49€155k€224k▲
Amounts payable within one year42/48€153k€109k▼
Trade debts44€56k€28k▼
Suppliers440/4€56k€28k▼
Taxes, remuneration and social security45€31k€74k▲
Taxes450/3€31k€74k▲
Other amounts payable47/48€66k€6k▼
Accrued charges and deferred income492/3€2k€116k▲
Income statement
Code20232024
Non-recurring operating income76A€12k€9k▼
Remuneration, social security and pensions62€64k€58k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€48k▼
Other operating charges640/8€8k€8k▼
Gross operating margin9900€672k€1.02M▲
Operating profit (loss)9901€548k€910k▲
Financial income75/76B€7k€18k▲
Recurring financial income75€7k€18k▲
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€551k€926k▲
Transfer to deferred taxes680€358k€421k▲
Income taxes67/77€137k€269k▲
Profit (loss) for the period9904€56k€236k▲
Transfer from tax-exempt reserves789-€274k
Profit (loss) for the period to be appropriated9905€56k€510k▲
Appropriation of the result
Profit (loss) to be appropriated9906€152k€606k▲
Profit (loss) brought forward from the previous period14P€97k€97k=
Transfer to equity691/2€56k€508k▲
To other reserves6921€56k€508k▲
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €56k ▼79.4%
Net result drops to €56k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Equity above €2MEq €2.03M ▲15.3%
5 profitable years in a row build equity to €2.03M.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €320k ▲13.5%
Net result €320k, the highest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.16M ▲21.3%
2 profitable years in a row build equity to €1.16M.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Poperinge · 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.
Ieperseweg 408970 PoperingeGround area
1,387 m²
Building footprint
1,000 m²
Volume, LiDAR
5,703 m³
Parcel 33312D0626/00T000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Garage Luk Delanote
since 20062.150.837.121
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33312D0626/00T000 | Flanders | 1,387 m² | 1 · 1,000 m² | 10.4 m · 2 fl. |
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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WARA SHOP
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DEJONCKHEERE KORTRIJK
BE 0737.881.077
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Of 7,375 companies in sector 95311 we hold annual accounts for 2,959. 979 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
Founded15-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
47300Retail sale of automotive fuel
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.