GARAGE PEETERS
ActiveGARAGE PEETERS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €281k and a net result of €-397k. Equity is shrinking by ~21.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 75% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
62
/ 100
Healthy▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 3.28 against 3.73 in 2024), and 34.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 35
Relative position
BE, all sectors
reference
Sector 35
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.6%
Return on assets
-92.9%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€397k
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 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
9 d early
2023
30 d early
2022
12 d early
2021
13 d early
2020
38 d early
2019
28 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€281k▼ 58.6%
2024 · €678k
2018: €1.69M
2019: €1.53M
2020: €1.53M
2021: €905k
2022: €881k
2023: €809k
2024: €678k
2018 → 2025
Total assets
€428k▼ 55.3%
2024 · €958k
2018: €3.94M
2019: €2.09M
2020: €1.88M
2021: €1.79M
2022: €1.15M
2023: €1.08M
2024: €958k
2018 → 2025
Net result
€-397k▼ 1,851%
2024 · €-20k
2018: €110k
2019: €473k
2020: €691
2021: €-45k
2022: €-24k
2023: €-71k
2024: €-20k
2018 → 2025
Working capital
€297k▼ 57.6%
2024 · €701k
2018: €1.17M
2019: €1.53M
2020: €1.53M
2021: €908k
2022: €884k
2023: €812k
2024: €701k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€905k-€881k▼ 2.7%€809k▼ 8.1%€678k▼ 16.2%€281k▼ 58.6%
Operating result€-34k-€-14k▲ 60.8%€-57k▼ 318%€-13k▲ 77.8%€-28k▼ 124%
Net result€-45k-€-24k▲ 46.9%€-71k▼ 195%€-20k▲ 71.4%€-397k▼ 1,851%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2025 against €13k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €428k
Equity
€281k▼ 58.6%
Debt
€147k▼ 47.4%
The debt ratio rises from 29.2% to 34.4%: equity shrinks faster than debt is paid down.
Key figures and ratios
Solvency
65.6%▼
2024 · 70.8%
Current ratio
3.28▼
2024 · 3.73
Quick ratio
3.28▼
2024 · 3.73
Debt / equity
0.52▲
2024 · 0.41
ROE
-141.6%▼
2024 · -3.0%
ROA
-92.9%▼
2024 · -2.1%
Debt
€147k▼
2024 · €280k
Debt ≤ 1 year
€131k▼
2024 · €257k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€958k€428k▼
Current assets29/58€958k€428k▼
Amounts receivable within one year40/41€741k€359k▼
Trade receivables40€182k€59k▼
Other amounts receivable41€559k€299k▼
Cash at bank and in hand54/58€217k€69k▼
Equity and liabilities
Total equity and liabilities10/49€958k€428k▼
Equity10/15€678k€281k▼
Contributions10/11€172k€172k=
Capital10€172k€172k=
Issued capital100€172k€172k=
Reserves13€507k€325k▼
Non-distributable reserves130/1€31k€31k=
Legal reserve130€31k€31k=
Tax-exempt reserves132€56k€0▼
Distributable reserves133€419k€293k▼
Profit (loss) carried forward14€0€-216k▼
Amounts payable17/49€280k€147k▼
Amounts payable within one year42/48€257k€131k▼
Trade debts44€431€228▼
Suppliers440/4€431€228▼
Taxes, remuneration and social security45€2k€0▼
Taxes450/3€2k€0▼
Other amounts payable47/48€254k€130k▼
Accrued charges and deferred income492/3€23k€16k▼
Income statement
Code20242025
Other operating charges640/8€3k€3k▼
Gross operating margin9900€-10k€-25k▼
Operating profit (loss)9901€-13k€-28k▼
Financial income75/76B€12k€4k▼
Recurring financial income75€12k€4k▼
Financial charges65/66B€20k€373k▲
Recurring financial charges65€20k€373k▲
Profit (loss) for the period before taxes9903€-20k€-397k▼
Profit (loss) for the period9904€-20k€-397k▼
Profit (loss) for the period to be appropriated9905€-20k€-397k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-397k▼
Transfer from equity791/2€131k€182k▲
Profit to be distributed694/7€111k€0▼
Return on contributions (dividend)694€111k€0▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-397k
Net result drops to €-397k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 4.26
Current ratio from 2.03 to 4.26; short-term debt falls from €878k to €271k.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Highest result since 2018net €473k ▲329%
Operating result €647k, net result €473k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.76
Current ratio from 1.44 to 3.76; short-term debt falls from €2.66M to €554k.
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-05
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
9 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, Koksijde · 1 establishment unit since 1990
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.
C. Permekelaan(Kok) 428670 KoksijdeGround area
7,204 m²
Building footprint
2,170 m²
Volume, LiDAR
12,038 m³
2 parcels, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GARAGE PEETERS
since 19902.050.759.449
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38368C0175/03A000 | Flanders | 6,056 m² | 1 · 2,170 m² | 8.0 m · 2 fl. |
| 38343A0716/00E014 | Flanders | 1,148 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 816 companies in sector 35110 we hold annual accounts for 632. 403 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-12-1990
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.