EGALO
ActiveEGALO has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.82M and a net result of €1.03M. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 47% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-1
Solvency67▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.9 in 2024; short-term debt: 49.7% and cash: 10.5% of total assets), but 58% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42%
Return on assets
15.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
13 d early
2023
6 d early
2022
7 d early
2021
24 d early
2020
30 d late
2019
24 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€2.82M▲ 22.2%
2024 · €2.31M
2018: €1.16M
2019: €1.28M
2020: €1.45M
2021: €1.73M
2022: €1.55M
2023: €1.98M
2024: €2.31M
2018 → 2025
Total assets
€6.72M▲ 25.0%
2024 · €5.38M
2018: €2.04M
2019: €2.18M
2020: €1.97M
2021: €2.81M
2022: €3.77M
2023: €4.25M
2024: €5.38M
2018 → 2025
Net result
€1.03M▲ 21.3%
2024 · €851k
2018: €218k
2019: €252k
2020: €371k
2021: €474k
2022: €1.15M
2023: €1.25M
2024: €851k
2018 → 2025
Working capital
€2.61M▲ 17.7%
2024 · €2.22M
2018: €957k
2019: €1.14M
2020: €1.37M
2021: €1.52M
2022: €1.78M
2023: €1.91M
2024: €2.22M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.73M-€1.55M▼ 10.4%€1.98M▲ 27.8%€2.31M▲ 16.8%€2.82M▲ 22.2%
Operating result€572k-€1.45M▲ 154%€1.58M▲ 8.8%€1.15M▼ 27.2%€1.38M▲ 20.1%
Net result€474k-€1.15M▲ 143%€1.25M▲ 8.1%€851k▼ 31.8%€1.03M▲ 21.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.72M
Fixed assets
€775k▲ 10.5%
Current assets
€5.95M▲ 27.2%
Equity and liabilities €6.72M
Equity
€2.82M▲ 22.2%
Debt
€3.90M▲ 27.1%
The debt ratio rises from 57.1% to 58.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.60M▲
2024 · €1.34M
Cash flow
€1.25M▲
2024 · €1.04M
Solvency
42.0%▼
2024 · 42.9%
Current ratio
1.78▼
2024 · 1.90
Quick ratio
1.39▼
2024 · 1.46
Debt / equity
1.38▲
2024 · 1.33
ROE
36.6%▼
2024 · 36.9%
ROA
15.4%▼
2024 · 15.8%
Interest coverage
30.12▲
2024 · 28.95
Debt
€3.90M▲
2024 · €3.07M
Debt ≤ 1 year
€3.34M▲
2024 · €2.46M
Debt > 1 year
€549k▼
2024 · €599k
Income taxes
€365k▲
2024 · €306k
Staff costs
€1.63M▲
2024 · €1.47M
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€5.38M€6.72M▲
Fixed assets21/28€702k€775k▲
Tangible fixed assets22/27€689k€763k▲
Land and buildings22€222k€203k▼
Plant, machinery and equipment23€112k€107k▼
Furniture and vehicles24€355k€424k▲
Leasing and similar rights25-€29k
Financial fixed assets28€13k€12k▼
Current assets29/58€4.68M€5.95M▲
Stocks and contracts in progress3€1.10M€1.30M▲
Stocks30/36€1.10M€1.30M▲
Amounts receivable within one year40/41€2.83M€3.91M▲
Trade receivables40€2.61M€3.67M▲
Other amounts receivable41€228k€240k▲
Current investments50/53€1k€1k=
Cash at bank and in hand54/58€728k€709k▼
Deferred charges and accrued income490/1€15k€22k▲
Equity and liabilities
Total equity and liabilities10/49€5.38M€6.72M▲
Equity10/15€2.31M€2.82M▲
Contributions10/11€38k€38k=
Reserves13€123k€123k=
Non-distributable reserves130/1€25k€25k=
Own shares acquired1312€25k€25k=
Tax-exempt reserves132€124€124=
Distributable reserves133€98k€98k=
Profit (loss) carried forward14€2.15M€2.66M▲
Amounts payable17/49€3.07M€3.90M▲
Amounts payable after more than one year17€599k€549k▼
Financial debts170/4€599k€549k▼
Amounts payable within one year42/48€2.46M€3.34M▲
Current portion of amounts payable after more than one year42€194k€228k▲
Financial debts43€468k€467k▼
Credit institutions430/8€468k€400k▼
Other loans439-€67k
Trade debts44€695k€964k▲
Suppliers440/4€695k€964k▲
Taxes, remuneration and social security45€159k€185k▲
Taxes450/3€48k€46k▼
Remuneration and social security454/9€110k€139k▲
Other amounts payable47/48€945k€1.49M▲
Accrued charges and deferred income492/3€10k€13k▲
Income statement
Code20242025
Non-recurring operating income76A-€48k
Remuneration, social security and pensions62€1.47M€1.63M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€184k€216k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11k-
Other operating charges640/8€19k€12k▼
Non-recurring operating charges66A€4k€17k▲
Gross operating margin9900€2.84M€3.26M▲
Operating profit (loss)9901€1.15M€1.38M▲
Financial income75/76B€52k€69k▲
Recurring financial income75€52k€69k▲
Financial charges65/66B€46k€53k▲
Recurring financial charges65€46k€53k▲
Profit (loss) for the period before taxes9903€1.16M€1.40M▲
Income taxes67/77€306k€365k▲
Profit (loss) for the period9904€851k€1.03M▲
Profit (loss) for the period to be appropriated9905€851k€1.03M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.67M€3.18M▲
Profit (loss) brought forward from the previous period14P€1.82M€2.15M▲
Profit to be distributed694/7€520k€520k=
Return on contributions (dividend)694€500k€500k=
Employees696€20k€20k=
Social balance
Average headcount (FTE)908722.727.2▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2MEq €2.31M ▲16.8%
7 profitable years in a row build equity to €2.31M.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.25M ▲8.1%
Operating result €1.58M, net result €1.25M, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-12-2022
Resigned as Manager
Location & real-estate footprint
Registered office, Lebbeke · 1 establishment unit since 2016
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.
Brusselsesteenweg 2949280 LebbekeGround area
7,554 m²
Building footprint
2,101 m²
Volume, LiDAR
18,004 m³
Parcel 42322C0943/00H002, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
EGALO
since 20162.255.293.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42322C0943/00H002 | Flanders | 7,554 m² | 1 · 2,101 m² | 10.5 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 5,868 EUR awarded · 6,081 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,399 EUR | 3,399 EUR |
| 2024 | 1 | 1,458 EUR | 1,518 EUR |
| 2023 | 1 | 0 EUR | 249 EUR |
| 2022 | 1 | 1,011 EUR | 915 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
5 categoriesEGALO BV16564
Dual-learning approval
2 live approvalsDecoratie en schilderwerken duaal (so)
Schilder-decorateur (vwo)
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DE MEDTS
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Algemene Industriele Schilderwerken
BE 0419.825.896
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VERHODEKOR
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Ardooie · Eq €3.01M
Of 7,864 companies in sector 43341 we hold annual accounts for 2,662. 372 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
45441
43310Plastering work
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 49 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.