Active BE 0447.296.001Public limited company

GARAGE FLUSSIE

Linterseweg 62 ·3440 Zoutleeuw, Belgium· 34 yrs active

Sector: Retail sale of cars and light vans (up to 3.5 tonnes) (47811)

Conclusion Checked

GARAGE FLUSSIE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €341k and a net result of €58k. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 9575 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€341k
Net result	€58k
Staff (FTE)	2.1
Better than sector	60%

Financial profile 5 of 5 axes measured · computed by Checked

86 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 84

Profitability 84

Solvency 83

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1992, 34 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

84 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€30k

estimate, not credit advice

Score history

64 2022

79 2023

84 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.56 (≥ 1.5) +10

Quick ratio Quick ratio 0.50 (< 0.6) -5

Leverage Debt/equity 1.11 (< 2.0) +3

Profitability ROE 17% (≥ 10%) +10

Interest coverage Interest coverage 5.3× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview33 NBB filings

Annual accounts filed on 27-06-2025 with the NBB · fiscal year 2024 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~19.1%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	47.4%	38.6%	better than 60% of 9575 sector peers
Net result	€58k	€44k	better than 56% of 9574 sector peers
Equity	€341k	€332k	better than 51% of 9577 sector peers
Gross operating margin	€327k	€266k	better than 58% of 9552 sector peers
Staff costs	€197k	€166k	higher than 56% of 7706 sector peers

EBITDA

€118k

+18.2% 22-24

Net profit

€58k

+14.0% 22-24

Cash flow

€67k

+12.9% 22-24

Total assets

€720k

+3.9% 22-24

Equity

€341k

+20.3% 22-24

Working capital

€211k

+36.7% 22-24

Employees (FTE)

2

+5.0% 22-24

Staff costs

€197k

+8.3% 22-24

Income taxes

€29k

+13.3% 22-24

Debt

€378k

-7.4% 22-24

Debt ≤ 1y

€378k

-7.4% 22-24

Debt > 1y

€0

-100.0% 22-24

Current ratio

1.56

+13.1% 22-24

Quick ratio

0.50

+19.4% 22-24

Solvency

47.4%

+15.8% 22-24

Debt / equity

1.11

-23.1% 22-24

ROE

16.9%

-5.2% 22-24

ROA

8.0%

+9.7% 22-24

Interest coverage

5.30

-19.9% 22-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022
Deposit	abbreviated schema	micro schema	micro schema
Revenue	-	-	-
EBITDA	€118k	€99k	€56k
Net profit	€58k	€51k	€22k
Cash flow	€67k	€59k	€28k
Staff costs	€197k	€182k	€155k
Income taxes	€29k	€25k	€10k
Dividends	-	-	-
Total assets	€720k	€693k	€689k
Equity	€341k	€284k	€233k
Debt	€378k	€409k	€456k
of which ≤ 1y	€378k	€409k	€376k
of which > 1y	-	€0	€79k
Working capital	€211k	€154k	€54k
Employees (FTE)	2.1	2.0	1.9

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2024	2023	2022
Current ratio	1.56	1.38	1.14
Quick ratio	0.50	0.42	0.29
Working capital ratio	29.3%	22.3%	7.9%
Solvency	47.4%	41.0%	33.8%
Debt / equity	1.11	1.44	1.95
Long-term debt ratio	-	0.00	0.34
Interest coverage	5.30	6.62	3.22
Gross margin	-	-	-
Net margin	-	-	-
ROA	8.0%	7.3%	3.2%
ROE	16.9%	17.8%	9.4%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €131k · 18.1% Current assets €589k · 81.9%

Equity & liabilities

Equity €341k · 47.4% Debt €378k · 52.6%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€720k	€693k	€689k
Fixed assets	21/28	€131k	€129k	€258k
Tangible fixed assets	22/27	€131k	€129k	€258k
Current assets	29/58	€589k	€563k	€431k
Stocks & contracts in progress	3	€400k	€392k	€320k
Amounts receivable within one year	40/41	€31k	€20k	€17k
Cash & bank	54/58	€158k	€151k	€94k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€720k	€693k	€689k
Equity	10/15	€341k	€284k	€233k
Contributions / capital	10/11	€100k	€100k	€100k
Reserves	13	€241k	€184k	€133k
Amounts payable	17/49	€378k	€409k	€456k
Amounts payable after one year	17	-	€0	€79k
Amounts payable within one year	42/48	€378k	€409k	€376k
Trade debts payable within one year	44	€54k	€78k	€27k
Income statement
Gross operating margin	9900	€327k	€298k	€220k
Operating result	9901	€108k	€91k	€49k
Financial income	75	-	-	€0
Financial charges	65	€22k	€15k	€17k
Result before taxes	9903	€86k	€76k	€32k
Income taxes	67/77	€29k	€25k	€10k
Net result for the period	9904	€58k	€51k	€22k
Result to be appropriated	9905	€58k	€51k	€22k

Legal Structure

NACE primary	Retail sale of cars and light vans (up to 3.5 tonnes)(47811)
Legal form	Public limited company(014)
Incorporation	28-04-1992
Status	Active
Postal code	3440

Establishment units 1 location

NV FLUSSIE

Linterseweg 62 B, 3440 ZoutleeuwNACE 50103

since 19922.059.631.583

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24017E0228/00V002	Flanders	809 m²	1 · 111 m²	7.0 m · 2 fl.

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.

Updates 12 events

All 13Financial 1Gazette 2Filings 10

2025

27-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2022net €58k ▲14%

Operating result €108k, net result €58k, both a record.

28-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

25-09

State Gazette act Capital & shares

Nicolas INDEKEU

30-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

01-07

State Gazette act Capital & shares

24-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

25-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

23-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

09-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

26-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

17-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 17 days late

2016

30-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 30 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

Capital history · 2

25-09-2023

Capital change

01-07-2022

Capital change

All acts · 2 updated 2 years ago

2023

25-09-2023 All shares are now held by a single shareholder Capital & shares·Nicolas INDEKEU

Notary: Nicolas INDEKEU · Zoutleeuw

Original publication ↗

Technical details

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2022

01-07-2022 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Retail sale of cars and light vans (up to 3.5 tonnes)4781150103General maintenance and repair of cars and light vans (up to 3.5 tonnes)9531150200

Names & trade names

Legal nameNL

GARAGE FLUSSIE

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