GARRULUS
ActiveSummary
GARRULUS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €416k and a net result of €106k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 9518 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
94
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 6.14 against 6.16 in 2023; short-term debt: 16% and cash: 46.7% of total assets), and 16.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
83.9%
Return on assets
21.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
28 d early
2022
33 d early
2021
27 d early
2020
8 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€416k▲ 18.6%
2023 · €351k
2018: €159k
2019: €179k
2020: €222k
2021: €253k
2022: €300k
2023: €351k
2018 → 2024
Total assets
€496k▲ 19.1%
2023 · €417k
2018: €204k
2019: €231k
2020: €283k
2021: €301k
2022: €348k
2023: €417k
2018 → 2024
Net result
€106k▲ 7.8%
2023 · €98k
2018: €47k
2019: €40k
2020: €70k
2021: €63k
2022: €84k
2023: €98k
2018 → 2024
Working capital
€408k▲ 21.2%
2023 · €336k
2018: €127k
2019: €149k
2020: €193k
2021: €231k
2022: €289k
2023: €336k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€222k-€253k▲ 14.0%€300k▲ 18.3%€351k▲ 17.1%€416k▲ 18.6%
Operating result€100k-€85k▼ 14.7%€113k▲ 33.4%€114k▲ 0.6%€120k▲ 5.0%
Net result€70k-€63k▼ 10.1%€84k▲ 32.7%€98k▲ 17.2%€106k▲ 7.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 5% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €496k
Fixed assets
€9k ▼ 39.6%
Current assets
€487k ▲ 21.3%
Equity and liabilities €496k
Equity
€416k ▲ 18.6%
Debt
€80k ▲ 21.9%
Debt's share of the balance-sheet total rises from 15.7% to 16.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€126k▲
2023 · €120k
Cash flow
€112k▲
2023 · €104k
Current ratio
6.14▼
2023 · 6.16
Debt to equity
0.19▲
2023 · 0.19
ROE
25.4%▼
2023 · 27.9%
ROA
21.3%▼
2023 · 23.5%
Interest coverage
54.55▼
2023 · 136.79
Debt ≤ 1 year
€79k▲
2023 · €65k
Income taxes
€36k▲
2023 · €35k
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€417k€496k▲
Fixed assets21/28€15k€9k▼
Tangible fixed assets22/27€15k€9k▼
Land and buildings22€5k€2k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€6k€4k▼
Current assets29/58€401k€487k▲
Amounts receivable within one year40/41€24k€41k▲
Trade receivables40€24k€35k▲
Other amounts receivable41€3€5k▲
Current investments50/53€126k€198k▲
Cash at bank and in hand54/58€216k€231k▲
Deferred charges and accrued income490/1€36k€17k▼
Equity and liabilities
Total equity and liabilities10/49€417k€496k▲
Equity10/15€351k€416k▲
Contributions10/11€100€100=
Reserves13€351k€416k▲
Distributable reserves133€351k€416k▲
Amounts payable17/49€65k€80k▲
Amounts payable within one year42/48€65k€79k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€16k€26k▲
Taxes450/3€16k€26k▲
Other amounts payable47/48€47k€52k▲
Accrued charges and deferred income492/3€320€475▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€516€528▲
Non-recurring operating charges66A€184€93▼
Gross operating margin9900€121k€126k▲
Operating profit (loss)9901€114k€120k▲
Financial income75/76B€20k€25k▲
Recurring financial income75€20k€25k▲
Financial charges65/66B€878€2k▲
Recurring financial charges65€878€2k▲
Profit (loss) for the period before taxes9903€133k€142k▲
Income taxes67/77€35k€36k▲
Profit (loss) for the period9904€98k€106k▲
Profit (loss) for the period to be appropriated9905€98k€106k▲
Appropriation of the result
Profit (loss) to be appropriated9906€98k€106k▲
Transfer from equity791/2€46k€40k▼
Transfer to equity691/2€97k€105k▲
To other reserves6921€97k€105k▲
Profit to be distributed694/7€47k€40k▼
Return on contributions (dividend)694€47k€40k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €106k ▲7.8%
Operating result €120k, net result €106k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-05
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €222k ▲24.3%
3 profitable years in a row build equity to €222k.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €40k ▼13.3%
Net result drops to €40k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2013
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.
Edgard Blancquaertstraat 129030 GentGround area
1,567 m²
Building footprint
165 m²
Volume, LiDAR
904 m³
Parcel 44038A0848/00Y003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Garrulus
since 20132.218.370.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0848/00Y003 | Flanders | 1,567 m² | 1 · 165 m² | 10.0 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.
Structure & network
Connections & network
5 connected companiesLinked via shared directors
Shared director
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Shared director
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Shared director
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Shared director
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Show 1 more companies with a shared director
Shared director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 6,126 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
Founded04-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.