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GARANCE

Active
Non-profit associationfounded 2000active for 26 yearsKoningsstraat 55, 1000 Brussel, BelgiumKBO/BCE: BE 0472.880.245
Summary

GARANCE has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €399,782 and a net result of €6,596. Equity remains stable across the filed financial years (±2.3% per year). Its solvency ranks better than 30% of 735 sector peers (NACE 94, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Activities of membership organisations
NACE 94992
1 site
Size
€117,130turnover 2025
Staff
11.6 FTE
Equity
€399,782
Surplus
€6,596
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
7 members
Accounts 15 days early2 of 18 deeds read
Why 95raises riskSize: turnover €117,130, 11.6 FTE, total assets €988,544lowers riskLegal form: non-profit associationLiquidity: current ratio 5.50, cash €507,635Sector: Activities of membership organisations (NACE 94)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 58% of its sector peers (NACE 94, small)
Financial strength · tick = 2024
Strong
Solvency 65-4
equity 40.4% of total assets
Liquidity 97+3
short-term debt 14.3% · cash 51.4%
Profitability 75+67
return on assets 0.7%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (510 companies, NACE 94, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026highest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity ample (current ratio 5.5, compared with 3.81 in 2024; short-term debt: 14.3% and cash: 51.4% of total assets), but 59.6% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 94, small): better than 32% on solvency, 86% on liquidity, 73% on profitability and 41% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Liquidity: current ratio 5.50, cash €507,635
NBB · annual accounts
lowers risk · Sector: Activities of membership organisations (NACE 94)
KBO
raises risk · Size: turnover €117,130, 11.6 FTE, total assets €988,544
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
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 16-07-2026, 15 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
15 days early
2024
20 days early
2023
12 days early
2022
27 days early
2021
1 day late
2020
18 days early
2019
70 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 94) for financial year 2024 is 29 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations: Cécile Anne Defraene, Nadège Monique…Appointments: Alice Juliette Macia, Nassima…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignations: Laura Chaumont, Anne Lemonne and…Reappointment: Pascale Nadine Kervyn de…

Key points

  • Board changedlatest change 28-07-2026 · 7 in office 6 joined · 4 left View
  • Wallonia-Brussels supportpaid 2023 - 2025 €1.2m View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year
2025
Turnover
€117,130
Profit
€6,596
Solvency
40.4%
Turnover▼ 7.0%
Net result
20192025
Go to Financials

Board & ownership

Board
7 members
  • Ana Urrutia EncisoDirector
  • Zoé Brigitte AmeyeDirector
  • Alice Juliette MaciaDirector
  • Kirsten Paula CrickDirector
  • Leila Johanna LohmanDirector

and 2 other directors

Go to Board & ownership

Timeline

Events
12
Since
2020
Next accounts
by 31-07-2027
  1. 31-12-2025Back to profit
  2. 11-07-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Activities of membership organisationsNACE 94992
Founded
09-08-2000
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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