GARONA

Active

Private limited companyfounded 20187 yrs activeHugo Verrieststraat 1, 9470 Denderleeuw, BelgiumKBO/BCE: BE 0712.846.961

The computed 12-month bankruptcy probability of GARONA is 2.0% (moderate). The 2025 annual accounts show equity of €63k and a net result of €-12k. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 7330 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

40 / 100

Weak▼ -36 vs 2024

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

Axes · tick = 2024

Profitability0▼-48

Solvency38▼-15

Growth52=

Stability100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days only on tighter terms

Liquidity tight (current ratio 1.46 against 1.59 in 2024), and 78.8% 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

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

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 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

21.2%

Return on assets

-3.9%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

9 d early

2024

29 d late

2023

28 d late

2022

1 d late

2021

1 d late

2020

136 d late

2019

55 d late

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Equity

€63k▼ 15.5%

2024 · €75k

2019: €17k 2020: €24k 2021: €44k 2022: €51k 2023: €68k 2024: €75k

2019 → 2025

Total assets

€298k▲ 3.9%

2024 · €287k

2019: €69k 2020: €122k 2021: €97k 2022: €134k 2023: €210k 2024: €287k

2019 → 2025

Net result

€-12k

2024 · €7k

2019: €11k 2020: €7k 2021: €20k 2022: €14k 2023: €16k 2024: €7k

2019 → 2025

Working capital

€72k▼ 8.3%

2024 · €79k

2019: €8k 2020: €-9k 2021: €21k 2022: €40k 2023: €55k 2024: €79k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€44k-€51k▲ 16.7%€68k▲ 32.0%€75k▲ 10.7%€63k▼ 15.5%

Operating result€20k-€29k▲ 45.4%€28k▼ 2.2%€34k▲ 19.6%€10k▼ 69.1%

Net result€20k-€14k▼ 31.1%€16k▲ 19.7%€7k▼ 55.8%€-12k

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 69% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €298k

23.9%

76.1%

Fixed assets €71k▼ 6.6%

Current assets €227k▲ 7.7%

Equity and liabilities €298k

21.2%

78.8%

Equity €63k▼ 15.5%

Debt €235k▲ 10.8%

The debt ratio rises from 74.0% to 78.8%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€18k▼

2024 · €41k

Cash flow

€-4k▼

2024 · €15k

Solvency

21.2%▼

2024 · 26.0%

Current ratio

1.46▼

2024 · 1.59

Quick ratio

1.46▼

2024 · 1.59

Debt / equity

3.72▲

2024 · 2.84

ROE

-18.3%▼

2024 · 9.7%

ROA

-3.9%▼

2024 · 2.5%

Interest coverage

1.92▼

2024 · 4.26

Debt

€235k▲

2024 · €212k

Debt ≤ 1 year

€155k▲

2024 · €132k

Debt > 1 year

€80k=

2024 · €80k

Income taxes

€13k▼

2024 · €17k

Staff costs

€27k▲

2024 · €17k

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€287k€298k▲

Fixed assets21/28€76k€71k▼

Tangible fixed assets22/27€76k€71k▼

Land and buildings22€70k€68k▼

Plant, machinery and equipment23€6k€1k▼

Furniture and vehicles24€291€2k▲

Financial fixed assets28€325€325=

Current assets29/58€211k€227k▲

Amounts receivable within one year40/41€140k€166k▲

Trade receivables40€88k€116k▲

Other amounts receivable41€53k€49k▼

Cash at bank and in hand54/58€71k€61k▼

Equity and liabilities

Total equity and liabilities10/49€287k€298k▲

Equity10/15€75k€63k▼

Contributions10/11€6k€6k=

Reserves13€550€550=

Non-distributable reserves130/1€550€550=

Reserves not available under the articles1311€550€550=

Profit (loss) carried forward14€68k€56k▼

Amounts payable17/49€212k€235k▲

Amounts payable after more than one year17€80k€80k=

Financial debts170/4€80k€80k=

Amounts payable within one year42/48€132k€155k▲

Trade debts44€75k€81k▲

Suppliers440/4€75k€81k▲

Taxes, remuneration and social security45€30k€39k▲

Taxes450/3€23k€29k▲

Remuneration and social security454/9€7k€10k▲

Other amounts payable47/48€28k€36k▲

Income statement Code20242025

Remuneration, social security and pensions62€17k€27k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼

Other operating charges640/8€5k€26k▲

Gross operating margin9900€63k€71k▲

Operating profit (loss)9901€34k€10k▼

Financial charges65/66B€10k€9k▼

Recurring financial charges65€10k€9k▼

Profit (loss) for the period before taxes9903€24k€1k▼

Income taxes67/77€17k€13k▼

Profit (loss) for the period9904€7k€-12k▼

Profit (loss) for the period to be appropriated9905€7k€-12k▼

Appropriation of the result

Profit (loss) to be appropriated9906€68k€56k▼

Profit (loss) brought forward from the previous period14P€61k€68k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 2Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

22-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-12k ▼260%

Net result drops to €-12k, the lowest in the series.

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

2023

01-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 1 day late

2022

01-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 1 day late

2021

31-12

Financial Highest result since 2019net €20k ▲190%

Net result €20k, the highest in the series.

14-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 136 days late

2020

24-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 55 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, Denderleeuw · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Hugo Verrieststraat 19470 Denderleeuw

Ground area

128 m²

Building footprint

128 m²

Volume, LiDAR

742 m³

Parcel 41011A0655/00S002, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

GARONA

Hugo Verrieststraat 1, 9470 DenderleeuwManufacture of metal structures and parts of structures

since 20182.316.414.339

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41011A0655/00S002	Flanders	128 m²	1 · 128 m²	12.1 m · 2 fl.

Linked by address, not proof of ownership

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.

Similar companies · same sector, comparable size

Sint-Genesius-Rode · Eq €63k

Heusden-Zolder · Eq €63k

Of 29,551 companies in sector 41001 we hold annual accounts for 15,877. 13,051 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-11-2018

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

43230Insulation installation

43291Specialised construction activities

43350Other building finishing work

43990Other specialised construction activities

43992Specialised construction activities

43995Specialised construction activities

43999Specialised construction activities

81220Other building cleaning and industrial cleaning

Sources

Crossroads Bank for EnterprisesNational Bank · 7 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.