GARNISSART
ActiveGARNISSART has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €9k. Equity is growing by ~42.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 16941 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency69▲+37
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 0.91 in 2024; short-term debt: 56.3% and cash: 63.6% of total assets), but 56.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 62
Relative position
BE, all sectors
reference
Sector 62
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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-03-2026, 59 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
59 d late
2024
on the day
2023
21 d late
2022
1 d late
2021
25 d late
2020
12 d late
2019
6 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9k▲ 36.9%
2024 · €6k
2019: €-1k
2020: €6k
2021: €3k
2022: €-2k
2023: €4k
2024: €6k
2019 → 2025
Working capital
€7k
2024 · €-1k
2019: €-19k
2020: €-12k
2021: €-10k
2022: €-12k
2023: €-7k
2024: €-1k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-7k-€-9k▼ 29.2%€-5k▲ 45.5%€1k€10k▲ 686%
Operating result€4k-€-2k€5k€9k▲ 75.4%€12k▲ 34.9%
Net result€3k-€-2k€4k€6k▲ 49.7%€9k▲ 36.9%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23k
Fixed assets
€3k▲ 18.5%
Current assets
€20k▲ 27.3%
Equity and liabilities €23k
Equity
€10k▲ 686%
Debt
€13k▼ 23.7%
The debt ratio falls from 93.0% to 56.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▲
2024 · €10k
Cash flow
€10k▲
2024 · €7k
Solvency
43.7%▲
2024 · 7.0%
Current ratio
1.52▲
2024 · 0.91
Quick ratio
1.13▲
2024 · 0.61
Debt / equity
1.29▼
2024 · 13.29
ROE
87.3%▼
2024 · 501.3%
ROA
38.1%▲
2024 · 35.1%
Interest coverage
313.36▲
2024 · 192.67
Debt
€13k▼
2024 · €17k
Debt ≤ 1 year
€13k▼
2024 · €17k
Income taxes
€3k▲
2024 · €2k
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€18k€23k▲
Fixed assets21/28€3k€3k▲
Tangible fixed assets22/27€3k€3k▲
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24-€2k
Current assets29/58€16k€20k▲
Stocks and contracts in progress3€5k€5k▼
Stocks30/36€5k€5k▼
Amounts receivable within one year40/41€5k€16▼
Trade receivables40€5k-
Other amounts receivable41-€16
Cash at bank and in hand54/58€5k€15k▲
Equity and liabilities
Total equity and liabilities10/49€18k€23k▲
Equity10/15€1k€10k▲
Contributions10/11€7k€7k=
Reserves13€0-
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Profit (loss) carried forward14€-6k€3k▲
Amounts payable17/49€17k€13k▼
Amounts payable within one year42/48€17k€13k▼
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Other amounts payable47/48€14k€10k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€851€1k▲
Gross operating margin9900€10k€13k▲
Operating profit (loss)9901€9k€12k▲
Financial charges65/66B€51€42▼
Recurring financial charges65€51€42▼
Profit (loss) for the period before taxes9903€9k€12k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€6k€9k▲
Profit (loss) for the period to be appropriated9905€6k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€3k▲
Profit (loss) brought forward from the previous period14P€-12k€-6k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 59 days late
2025
30-06
Financial
Highest result since 2019net €9k ▲36.9%
Operating result €12k, net result €9k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
30-06
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-06
Financial
Weakest financial yearnet €-2k ▼180%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
30-06
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
06-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lessines · 1 establishment unit since 1999
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.
Rue Trieu(W) 207861 LessinesGround area
1,275 m²
Building footprint
223 m²
Volume, LiDAR
2,146 m³
2 parcels, Wallonia · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Garnissart
since 19992.210.908.231
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55012C0250/00K000 | Wallonia | 951 m² | 1 · 105 m² | 10.3 m · 3 fl. |
| 55512C0279/00H000 | Wallonia | 323 m² | 1 · 118 m² | 13.0 m · 4 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLessines2.210.908.231
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BLIBO
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Of 29,992 companies in sector 62200 we hold annual accounts for 18,386. 9,561 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-1999
Fiscal year end30-06
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
47400Retail sale of information and communication equipment
47410Retail trade
52487
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.