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 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2024; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
GARFER from Hélécine, company number BE0810200121, closed financial year 2024 with a result of € -8,513 after tax. For that financial year GARFER recorded revenue of € 68,820 and equity of € -8,646. Compared with financial year 2023, the result moved from € -11,543 to € -8,513. The company made a loss. 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 August 29, 2025.
€ -8,646
▼ € 8,513 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,513
▲ 26 % less loss than in 2023
Profit after tax over the fiscal year.
€ 60
▼ 98% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -16,846.
People and assets in 2024
€ 2,113
▼ 75% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 9,184
▼ 27% vs 2023
€ 3,963 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2,800
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | € 145,169 | € 105,196 | € 68,820 | ▼ 35% |
| Gross margin | € 2,753 | € 12,258 | € -3,412 | € -661 | ▲ € 2,751 |
| Profit after taxes | € 1,979 | € 4,577 | € -11,543 | € -8,513 | ▲ € 3,031 |
| Equity | € 6,833 | € 11,410 | € -134 | € -8,646 | ▼ € 8,513 |
| Total debts | € 10,769 | € 29,352 | € 17,011 | € 13,632 | ▼ 20% |
| Cash | € 11,875 | € 10,138 | € 2,658 | € 60 | ▼ 98% |
| Retained profit | € -1,367 | € 3,210 | € -8,334 | € -16,846 | ▼ € 8,513 |
| Bank debt | € 0 | € 15,867 | € 12,588 | € 9,184 | ▼ 27% |
| Balance sheet total | € 17,601 | € 40,762 | € 16,877 | € 4,986 | ▼ 70% |
Key figures of GARFER, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GARFER?
What happened at GARFER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 8,513. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,979 profit in 2021 to € 8,513 loss in 2024.
Paid € 422 in corporate taxes since 2021.
Best year ever: 2022, with € 4,577 profit.
Establishments
Establishment units
Physical locations of this company
Rue de la Pistraete, Neerh. 1
1357 Hélécine
Slachthuisstraat 41
1000 Brussel
Active since 8 April 2010
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0810.200.121
- VAT number
- BE 0810.200.121
- Registered office
- Rue de la Pistraete, Neerh. 1, 1357 Hélécine
- Names & denominations
- GARFER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 March 2009
- Peppol
- Not registered
- Activities · NACE
Schilderen van gebouwen
Groothandel in andere motorvoertuigen (> 3,5 ton)