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Active
BE 0478.624.526Private limited company
GARNIER MONUMENTS FUNERAIRES
Rue de l'Ile Dossai 20 ·5300 Andenne, Belgium· 23 yrs active
Sector: Cutting, shaping and finishing of stone
(23700)
Conclusion
GARNIER MONUMENTS FUNERAIRES has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €149k and a net result of €59k. Equity is growing by ~52.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 501 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €149k |
| Net result | €59k |
| Better than sector | 45% |
| Active | 23 yrs |
Financial profile
80
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
64
Profitability
100
Solvency
60
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2002, 23 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 Flags
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
64
/ 100
Healthy
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
€10k
estimate, not credit advice
Score history
31
2021
51
2022
20
2023
64
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.87 (< 1.0)
-10
Quick ratio
Quick ratio 0.50 (< 0.6)
-5
Leverage
Debt/equity 1.46 (< 2.0)
+3
Profitability
ROE 40% (≥ 10%)
+10
Interest coverage
Interest coverage 14.9× (≥ 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 overview
Annual accounts filed on 17-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~52.3%/year over 4 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 23, Manufacture of other non-metallic mineral products · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 40.6% | 47.0% | |
| Net result | €59k | €6k | |
| Equity | €149k | €82k | |
| Gross operating margin | €277k | €47k | |
| Staff costs | €145k | €60k |
€124k
+176.7%
21-24
€59k
-
21-24
€100k
+180.7%
21-24
€366k
-16.4%
21-24
€149k
+65.6%
21-24
€-15k
+79.7%
21-24
4
-12.0%
21-24
€145k
-31.3%
21-24
€15k
+2750.2%
21-24
€218k
-37.5%
21-24
€116k
-43.7%
21-24
€101k
-28.5%
21-24
0.87
+33.8%
21-24
0.50
+226.4%
21-24
40.6%
+98.0%
21-24
1.46
-62.3%
21-24
39.6%
-
21-24
16.1%
-
21-24
14.92
+189.7%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €124k | €45k | €111k | €89k |
| Net profit | €59k | €-5k | €55k | €693 |
| Cash flow | €100k | €36k | €87k | €50k |
| Staff costs | €145k | €212k | €197k | €143k |
| Income taxes | €15k | €539 | €14k | €2k |
| Dividends | - | - | - | - |
| Total assets | €366k | €438k | €481k | €454k |
| Equity | €149k | €90k | €95k | €40k |
| Debt | €218k | €348k | €386k | €414k |
| of which ≤ 1y | €116k | €206k | €193k | €192k |
| of which > 1y | €101k | €142k | €193k | €217k |
| Working capital | €-15k | €-72k | €-53k | €-64k |
| Employees (FTE) | - | 4.4 | 5.0 | 4.3 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.87 | 0.65 | 0.72 | 0.67 |
| Quick ratio | 0.50 | 0.15 | 0.20 | 0.16 |
| Working capital ratio | -4.0% | -16.3% | -11.1% | -14.0% |
| Solvency | 40.6% | 20.5% | 19.7% | 8.8% |
| Debt / equity | 1.46 | 3.87 | 4.07 | 10.33 |
| Long-term debt ratio | 0.68 | 1.58 | 2.03 | 5.41 |
| Interest coverage | 14.92 | 5.15 | 11.26 | 2.33 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 16.1% | -1.2% | 11.4% | 0.2% |
| ROE | 39.6% | -5.8% | 57.8% | 1.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €366k | €438k | €481k | €454k |
| Fixed assets | 21/28 | €265k | €303k | €341k | €326k |
| Tangible fixed assets | 22/27 | €265k | €303k | €341k | €325k |
| Financial fixed assets | 28 | €273 | €273 | €273 | €273 |
| Current assets | 29/58 | €102k | €135k | €140k | €129k |
| Stocks & contracts in progress | 3 | €43k | €103k | €101k | €98k |
| Amounts receivable within one year | 40/41 | €51k | €19k | €28k | €23k |
| Cash & bank | 54/58 | €2k | €6k | €8k | €3k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €366k | €438k | €481k | €454k |
| Equity | 10/15 | €149k | €90k | €95k | €40k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €128k | €69k | €75k | €20k |
| Amounts payable | 17/49 | €218k | €348k | €386k | €414k |
| Amounts payable after one year | 17 | €101k | €142k | €193k | €217k |
| Amounts payable within one year | 42/48 | €116k | €206k | €193k | €192k |
| Trade debts payable within one year | 44 | €24k | €32k | €39k | €30k |
| Income statement | |||||
| Gross operating margin | 9900 | €277k | €264k | €317k | €237k |
| Operating result | 9901 | €82k | €4k | €78k | €40k |
| Financial income | 75 | €205 | €232 | €85 | €112 |
| Financial charges | 65 | €8k | €9k | €10k | €38k |
| Result before taxes | 9903 | €74k | €-5k | €69k | €2k |
| Income taxes | 67/77 | €15k | €539 | €14k | €2k |
| Net result for the period | 9904 | €59k | €-5k | €55k | €693 |
| Result to be appropriated | 9905 | €59k | €-5k | €55k | €693 |
Legal Structure
| NACE primary | Cutting, shaping and finishing of stone(23700) |
| Legal form | Private limited company(610) |
| Incorporation | 23-10-2002 |
| Status | Active |
| Postal code | 5300 |
Establishment units
Rue de l'Ile Dossai 20, 5300 Andenne
since 20022.115.110.833
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92113A0002/00N014 | Wallonia | 2,113 m² | 1 · 467 m² | - |
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
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
31-12
Financial
Equity above €100kEq €149k ▲65.6%
Equity rises from €90k to €149k.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Weakest financial yearnet €-5k ▼109%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Cutting, shaping and finishing of stone2370026700
Names & trade names
| Legal nameFR | GARNIER MONUMENTS FUNERAIRES |
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