GARAGE VANTIEGHEM

Active

Private limited companyfounded 200323 yrs activeGauwelstraat(H) 110, 8551 Zwevegem, BelgiumKBO/BCE: BE 0479.868.995

GARAGE VANTIEGHEM has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €349k and a net result of €8k. Its solvency ranks better than 62% of 3381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2024

79 / 100

Excellent▼ -2 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability11▲+4

Solvency65▼-31

Growth58

Stability100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity tight (current ratio 1.17 against 3.95 in 2023), and 60.4% of the assets are financed with debt.

How do we compute the score and the probability?

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

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

24 d early

2023

12 d late

2022

41 d early

2021

37 d early

2020

54 d early

2019

32 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€349k▼ 28.9%

2023 · €491k

2023: €491k

2023 → 2024

Total assets

€882k▼ 6.9%

2023 · €947k

2023: €947k

2023 → 2024

Net result

€8k▲ 8.9%

2023 · €7k

2023: €7k

2023 → 2024

Working capital

€31k▼ 82.8%

2023 · €179k

2023: €179k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€491k-€349k▼ 28.9%

Operating result€26k-€29k▲ 12.8%

Net result€7k-€8k▲ 8.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 13% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €882k

75.8%

24.2%

Fixed assets €669k▼ 5.4%

Current assets €213k▼ 11.4%

Equity and liabilities €882k

39.6%

60.4%

Equity €349k▼ 28.9%

Debt €533k▲ 16.8%

The debt ratio rises from 48.2% to 60.4%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€72k▲

2023 · €68k

Cash flow

€51k▲

2023 · €50k

Solvency

39.6%▼

2023 · 51.8%

Current ratio

1.17▼

2023 · 3.95

Quick ratio

1.04▼

2023 · 3.58

Debt / equity

1.53▲

2023 · 0.93

ROE

2.3%▲

2023 · 1.5%

ROA

0.9%▲

2023 · 0.8%

Interest coverage

3.35▲

2023 · 2.92

Debt

€533k▲

2023 · €456k

Debt ≤ 1 year

€182k▲

2023 · €61k

Debt > 1 year

€350k▼

2023 · €395k

Income taxes

€930▲

2023 · €132

Staff costs

€783▼

2023 · €10k

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 · 2024 against 2023

Balance sheet Code20232024

Total assets 20/58€947k€882k▼

Fixed assets 21/28€707k€669k▼

Intangible fixed assets 21€808€692▼

Tangible fixed assets 22/27€706k€668k▼

Financial fixed assets 28€225€225=

Current assets 29/58€240k€213k▼

Stocks & contracts in progress 3€22k€23k▲

Amounts receivable within one year 40/41€217k€107k▼

Cash & bank 54/58€2k€83k▲

Total equity & liabilities 10/49€947k€882k▼

Equity 10/15€491k€349k▼

Contributions / capital 10/11€450k€300k▼

Reserves 13€41k€49k▲

Accumulated profits (losses) 14€0-

Amounts payable 17/49€456k€533k▲

Amounts payable after one year 17€395k€350k▼

Amounts payable within one year 42/48€61k€182k▲

Trade debts payable within one year 44€14k€7k▼

Income statement Code20232024

Gross operating margin 9900€86k€80k▼

Operating result 9901€26k€29k▲

Financial income 75€5k€1k▼

Financial charges 65€23k€21k▼

Result before taxes 9903€7k€9k▲

Income taxes 67/77€132€930▲

Net result for the period 9904€7k€8k▲

Result to be appropriated 9905€7k€8k▲

Timeline · acts, filings and financial milestones

All 11Gazette 1Filings 10

2025

07-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

12-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 12 days late

2023

29-12

State Gazette act Minor change

Agm rules change · Elien Turpyn

20-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

24-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

07-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

29-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

25-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

20-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

28-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

04-04

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 247 days late

State Gazette actNBB filing

1 of 2 acts read

About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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