S-CARS
ActiveSummary
The computed 12-month bankruptcy probability of S-CARS is 2.2% (moderate). The 2024 annual accounts show negative equity (€-15k) and a net result of €-26k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 15869 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
25
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability8▼-6
Solvency20▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9 against 0.96 in 2023; short-term debt: 105% and cash: 4.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2024Solvency, return and age of the figures
Solvency
-5%
Return on assets
-8.3%
Age of the figures
21 mo
raises risk · 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 →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-15k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
61 d late
2022
60 d late
2021
31 d late
2020
1 d early
2019
95 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-15k
2023 · €10k
2019: €12k
2020: €19k
2021: €29k
2022: €20k
2023: €10k
2019 → 2024
Total assets
€311k▲ 10.6%
2023 · €281k
2019: €229k
2020: €307k
2021: €306k
2022: €333k
2023: €281k
2019 → 2024
Net result
€-26k▼ 165%
2023 · €-10k
2019: €-7k
2020: €7k
2021: €10k
2022: €-9k
2023: €-10k
2019 → 2024
Working capital
€-32k▼ 234%
2023 · €-10k
2019: €12k
2020: €19k
2021: €-106
2022: €5k
2023: €-10k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€19k-€29k▲ 54.7%€20k▼ 31.1%€10k▼ 48.7%€-15k
Operating result€7k-€12k▲ 68.6%€-6k€-3k▲ 45.9%€-17k▼ 388%
Net result€7k-€10k▲ 53.4%€-9k€-10k▼ 8.0%€-26k▼ 165%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2024 against €3k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €311k
Fixed assets
€16k ▼ 17.2%
Current assets
€294k ▲ 12.7%
Key figures and ratios
EBITDA
€-13k▼
2023 · €-370
Cash flow
€-22k▼
2023 · €-7k
Solvency
-5.0%▼
2023 · 3.6%
Current ratio
0.90▼
2023 · 0.96
Quick ratio
0.09▲
2023 · 0.07
Debt to equity
-21.07▼
2023 · 26.56
ROA
-8.3%▼
2023 · -3.4%
Interest coverage
-1.49▼
2023 · -0.06
Debt
€326k▲
2023 · €271k
Debt ≤ 1 year
€326k▲
2023 · €271k
Staff costs
€20k▼
2023 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€281k€311k▲
Fixed assets21/28€20k€16k▼
Tangible fixed assets22/27€20k€16k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€11k€10k▼
Current assets29/58€261k€294k▲
Stocks and contracts in progress3€242k€263k▲
Stocks30/36€242k€263k▲
Amounts receivable within one year40/41€6k€14k▲
Trade receivables40€5k€12k▲
Other amounts receivable41€329€1k▲
Cash at bank and in hand54/58€11k€15k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€281k€311k▲
Equity10/15€10k€-15k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-8k€-34k▼
Amounts payable17/49€271k€326k▲
Amounts payable within one year42/48€271k€326k▲
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€2k€9k▲
Suppliers440/4€2k€9k▲
Advances received on contracts in progress46€3k€12k▲
Taxes, remuneration and social security45€6k€6k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€3k€1k▼
Other amounts payable47/48€160k€199k▲
Income statement
Code20232024
Remuneration, social security and pensions62€30k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€8k€7k▼
Gross operating margin9900€38k€13k▼
Operating profit (loss)9901€-3k€-17k▼
Financial income75/76B€0€21▲
Recurring financial income75€0€21▲
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€-9k€-26k▼
Income taxes67/77€256-
Profit (loss) for the period9904€-10k€-26k▼
Profit (loss) for the period to be appropriated9905€-10k€-26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-34k▼
Profit (loss) brought forward from the previous period14P€1k€-8k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2019net €10k ▲53.4%
Operating result €12k, net result €10k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Dendermonde · 1 establishment unit since 2019
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.
Leugestraat (GRE) 119200 DendermondeGround area
1,814 m²
Building footprint
220 m²
Volume, LiDAR
948 m³
Parcel 42007B0635/00W000, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
S-CARS
since 20192.284.315.455
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42007B0635/00W000 | Flanders | 1,814 m² | 1 · 220 m² | 7.8 m · 1 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
G & A MOTORS
BE 0478.884.149
Sint-Niklaas · Eq €10,229
Geostar
BE 0787.268.331
Willebroek · Eq €10,235
Denvers
BE 0612.974.672
Schaarbeek · Eq €10,330
PABLISA SHIPPING & LOGISTICS
BE 0798.778.172
Dilbeek · Eq €10,053
SILVER STAR TRADING
BE 0556.854.135
Elsene · Eq €10,332
Of 2,128 companies in sector 46711 we hold annual accounts for 1,126. 469 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.