GADALY
ActiveSummary
GADALY has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134,062 and a net result of €2,890. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 84% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-22
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 4.03 against 3.86 in 2024; short-term debt: 24.5% and cash: 2.9% of total assets), and 24.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
75.5%
Return on assets
1.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-03-2026, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
47 d late
2024
14 d late
2023
42 d late
2022
36 d early
2021
49 d early
2020
32 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 14 February (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€134,062▲ 2.2%
2024 · €131,172
Total assets
€177,652▲ 1.4%
2024 · €175,174
Net result
€2,890▼ 70.1%
2024 · €9,670
Working capital
€131,905▲ 4.7%
2024 · €126,043
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38,277€53,294▲ 39.2%€26,452▼ 50.4%€14,107▼ 46.7%€5,859▼ 58.5%
Net result€32,078above the sector's middle half€38,114above the sector's middle half▲ 18.8%€19,253within the sector's middle half▼ 49.5%€9,670within the sector's middle half▼ 49.8%€2,890within the sector's middle half▼ 70.1%
Equity€64,135within the sector's middle half▲ 100%€102,249within the sector's middle half▲ 59.4%€121,502above the sector's middle half▲ 18.8%€131,172above the sector's middle half▲ 8.0%€134,062above the sector's middle half▲ 2.2%
Total assets€97,793within the sector's middle half▲ 28.2%€149,011within the sector's middle half▲ 52.4%€171,045within the sector's middle half▲ 14.8%€175,174within the sector's middle half▲ 2.4%€177,652within the sector's middle half▲ 1.4%
Debt€33,658▼ 23.9%€46,762▲ 38.9%€49,543▲ 5.9%€44,003▼ 11.2%€43,590▼ 0.9%
Working capital€54,085within the sector's middle half▲ 359%€86,090above the sector's middle half▲ 59.2%€113,358above the sector's middle half▲ 31.7%€126,043above the sector's middle half▲ 11.2%€131,905above the sector's middle half▲ 4.7%
Solvency65.6%above the sector's middle half▲ 23.5pp68.6%above the sector's middle half▲ 3.0pp71.0%above the sector's middle half▲ 2.4pp74.9%above the sector's middle half▲ 3.8pp75.5%above the sector's middle half▲ 0.6pp
Current ratio2.61within the sector's middle half▲ 1.342.84above the sector's middle half▲ 0.233.29above the sector's middle half▲ 0.453.86above the sector's middle half▲ 0.584.03above the sector's middle half▲ 0.16
Return on assets (ROA)32.8%above the sector's middle half▲ 36.7pp25.6%above the sector's middle half▼ 7.2pp11.3%within the sector's middle half▼ 14.3pp5.5%within the sector's middle half▼ 5.7pp1.6%within the sector's middle half▼ 3.9pp
Staff (FTE)0.3
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 58% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177,652
Fixed assets
€2,157 ▼ 57.9%
Current assets
€175,495 ▲ 3.2%
Equity and liabilities €177,652
Equity
€134,062 ▲ 2.2%
Debt
€43,590 ▼ 0.9%
Debt's share of the balance-sheet total falls from 25.1% to 24.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,874▼
2024 · €17,123
Cash flow
€5,905▼
2024 · €12,685
Quick ratio
3.82▲
2024 · 3.70
Debt to equity
0.33▼
2024 · 0.34
ROE
2.2%▼
2024 · 7.4%
Interest coverage
3.99▼
2024 · 9.88
Debt ≤ 1 year
€43,590▼
2024 · €44,003
Income taxes
€748▼
2024 · €2,705
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €14,811 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,224 | €5,952 | €8,015 | €3,015 | €3,015 | = |
| Other operating charges640/8 | - | - | €1,820 | €681 | €100 | ▼ 85.3% |
| Gross operating margin9900 | €48,848 | €74,057 | €36,287 | €17,804 | €8,974 | ▼ 49.6% |
| Operating profit (loss)9901 | €38,277 | €53,294 | €26,452 | €14,107 | €5,859 | ▼ 58.5% |
| Financial income75/76B | - | €106 | €32 | - | - | - |
| Recurring financial income75 | €159 | €106 | €32 | - | - | - |
| Financial charges65/66B | - | €1,413 | €1,712 | €1,732 | €2,221 | ▲ 28.2% |
| Recurring financial charges65 | €926 | €1,413 | €1,712 | €1,732 | €2,221 | ▲ 28.2% |
| Profit (loss) for the period before taxes9903 | €37,510 | €51,988 | €24,772 | €12,375 | €3,638 | ▼ 70.6% |
| Income taxes67/77 | €5,431 | €13,874 | €5,519 | €2,705 | €748 | ▼ 72.4% |
| Profit (loss) for the period9904 | €32,078 | €38,114 | €19,253 | €9,670 | €2,890 | ▼ 70.1% |
| Profit (loss) for the period to be appropriated9905 | €32,078 | €38,114 | €19,253 | €9,670 | €2,890 | ▼ 70.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97,793 | €149,011 | €171,045 | €175,174 | €177,652 | ▲ 1.4% |
| Fixed assets21/28 | €10,050 | €16,159 | €8,144 | €5,129 | €2,157 | ▼ 57.9% |
| Tangible fixed assets22/27 | €10,000 | €16,109 | €8,094 | €5,079 | €2,064 | ▼ 59.4% |
| Plant, machinery and equipment23 | - | €2,096 | €1,552 | €1,008 | €464 | ▼ 54.0% |
| Furniture and vehicles24 | - | €14,013 | €6,542 | €4,071 | €1,600 | ▼ 60.7% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €93 | ▲ 86.5% |
| Current assets29/58 | €87,743 | €132,853 | €162,901 | €170,046 | €175,495 | ▲ 3.2% |
| Stocks and contracts in progress3 | €2,316 | €4,482 | €5,056 | €7,336 | €8,938 | ▲ 21.8% |
| Stocks30/36 | - | €4,482 | €5,056 | €7,336 | €8,938 | ▲ 21.8% |
| Amounts receivable within one year40/41 | €79,364 | €110,516 | €122,564 | €101,020 | €161,348 | ▲ 59.7% |
| Trade receivables40 | - | - | - | €1,601 | €1,601 | = |
| Other amounts receivable41 | - | €110,516 | €122,564 | €99,419 | €159,747 | ▲ 60.7% |
| Cash at bank and in hand54/58 | €6,063 | €17,854 | €35,281 | €61,690 | €5,210 | ▼ 91.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97,793 | €149,011 | €171,045 | €175,174 | €177,652 | ▲ 1.4% |
| Equity10/15 | €64,135 | €102,249 | €121,502 | €131,172 | €134,062 | ▲ 2.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €43,675 | €81,789 | €101,042 | €110,712 | €113,602 | ▲ 2.6% |
| Amounts payable17/49 | €33,658 | €46,762 | €49,543 | €44,003 | €43,590 | ▼ 0.9% |
| Amounts payable within one year42/48 | €33,658 | €46,762 | €49,543 | €44,003 | €43,590 | ▼ 0.9% |
| Financial debts43 | - | €1,996 | €1,550 | €1,055 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €1,996 | €1,550 | €1,055 | €0 | ▼ 100% |
| Trade debts44 | €26,665 | €22,036 | €20,580 | €31,278 | €33,170 | ▲ 6.0% |
| Suppliers440/4 | - | €22,036 | €20,580 | €31,278 | €33,170 | ▲ 6.0% |
| Taxes, remuneration and social security45 | - | €22,731 | €27,412 | €11,670 | €10,421 | ▼ 10.7% |
| Taxes450/3 | - | €19,821 | €27,412 | €11,670 | €10,421 | ▼ 10.7% |
| Remuneration and social security454/9 | - | €2,910 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,078 | €38,114 | €19,253 | €9,670 | €2,890 | ▼ 70.1% |
| + Depreciation and write-downs630 | €10,224 | €5,952 | €8,015 | €3,015 | €3,015 | = |
| Operating cash flow (approximation) | €42,302 | €44,065 | €27,268 | €12,685 | €5,905 | ▼ 53.4% |
| Investment in fixed assets (approximation) | - | -€12,060 | €0 | €0 | -€43 | - |
| Change in cash | - | €11,791 | €17,427 | €26,409 | -€56,480 | ▼ 314% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
14-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
13-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2022
26-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2019net €38,114 ▲18.8%
Operating result €53,294, net result €38,114, both a record.
30-06
Financial
Equity above €100,000Eq €102,249 ▲59.4%
2 profitable years in a row build equity to €102,249.
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €32,078
Net result €32,078 after one loss-making year.
30-06
Financial
Liquidity doublescurrent ratio 2.61
Current ratio from 1.27 to 2.61; short-term debt falls from €44,208 to €33,658.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet -€2,975
Net result drops to -€2,975, the lowest in the series; recovery starts the following year.
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Anderlecht · 1 establishment unit since 2016
Ground area
159 m²
Building footprint
117 m²
Volume, LiDAR
1,169 m³
Parcel 21304B0051/00W004, Brussels · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Jules Graindorlaan 19, 1070 Anderlecht
since 20162.253.855.772
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0051/00W004 | Brussels | 159 m² | 1 · 117 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.253.855.772
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 4,511 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-05-2016
Fiscal year end30-06
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
46190Agents in non-specialised wholesale trade
46389Wholesale of other food products
47210Retail sale of fruit and vegetables
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0654876593
Also
9925:BE0654876593
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.