Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2023; threshold 65 %.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
GARCO from Mechelen, company number BE0442907146, closed financial year 2023 with a result of € 893 after tax. For that financial year GARCO recorded a gross margin of € 18,248 and equity of € -24,324. Compared with financial year 2022, the result moved from € 12,573 to € 893. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 18, 2024.
€ -24,324
▲ € 893 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 893
▼ 93% vs 2022
Profit after tax over the fiscal year.
€ 1,173
▲ € 1,159 vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € -86,324.
Debts at end 2023
€ 195,994
▼ 4% vs 2022
Loans from banks and other lenders, long and short.
€ 14,600
▲ 74% vs 2022
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 17,149 | € 27,043 | € 18,248 | ▼ 33% |
| Profit after taxes | € 2,849 | € 12,573 | € 893 | ▼ 93% |
| Equity | € -37,790 | € -25,216 | € -24,324 | ▲ € 893 |
| Total debts | € 237,733 | € 218,039 | € 215,268 | ▼ 1% |
| Cash | € 1,058 | € 14 | € 1,173 | ▲ € 1,159 |
| Land & buildings | € 198,885 | € 192,809 | € 189,771 | ▼ 2% |
| Retained profit | € -99,790 | € -87,216 | € -86,324 | ▲ € 893 |
| Bank debt | € 182,851 | € 204,994 | € 195,994 | ▼ 4% |
| Balance sheet total | € 199,943 | € 192,823 | € 190,944 | ▼ 1% |
Key figures of GARCO, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to GARCO?
What happened at GARCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: profit of € 893 (▼ 93% vs 2022). filed late Source: NBB ↗
- Daron Garabedian became a director. NBB
- Vatche Garabedian became a director. NBB
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,849 profit in 2021 to € 893 profit in 2023.
Best year ever: 2022, with € 12,573 profit.
Management
Behind GARCO are Daron Garabedian and Vatche Garabedian. The same people are also behind DEKARO and EURO PLAZA. Vatche Garabedian is also behind GALEX BELGE.
Directors
According to the 2023 annual accounts
since 2010
since 2010
Establishments
Establishment units
Physical locations of this company
Hanswijk de Bercht 36
2800 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
ORACLE-BMC-31898 - Oracle Corporation, US
Website info
Features
Security
Details
- Company number
- 0442.907.146
- VAT number
- BE 0442.907.146
- Registered office
- Hanswijk de Bercht 36, 2800 Mechelen
- Names & denominations
- GARCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 January 1991
- Peppol
- Active · Active since 12 Dec 2025
- Contact
- paintballmechelen.be