GAL projects

Active

Private limited companyfounded 20233 yrs activeLazarijstraat 156, 3500 Hasselt, BelgiumKBO/BCE: BE 0801.726.675

The computed 12-month bankruptcy probability of GAL projects is 2.2% (moderate). The 2025 annual accounts show equity of €70k and a net result of €24k. Equity is growing by ~56.9% per year across the filed fiscal years. Its solvency ranks better than 19% of 27446 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

73 / 100

Healthy▼ -3 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency44▼-7

Growth78=

Stability94

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity ample (current ratio 7.35 against 3.66 in 2024), but 83.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

16.4%

Return on assets

5.7%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 27446 sector peers (2025).

NBB · sector comparison

Position among 27446 sector peers

Solvency

better than 19%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 3 filings

Deviation from the deadline

2025

10 d late

2024

18 d late

2023

7 d late

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€70k▲ 53.1%

2024 · €46k

2023: €18k 2024: €46k

2023 → 2025

Total assets

€430k▲ 100%

2024 · €215k

2023: €29k 2024: €215k

2023 → 2025

Net result

€24k▼ 12.5%

2024 · €28k

2023: €12k 2024: €28k

2023 → 2025

Working capital

€332k▲ 175%

2024 · €121k

2023: €18k 2024: €121k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€18k-€46k▲ 155%€70k▲ 53.1%

Operating result€16k-€39k▲ 141%€42k▲ 7.8%

Net result€12k-€28k▲ 131%€24k▼ 12.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2025 is 8% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €430k

11%

89.4%

Fixed assets €46k▼ 5.7%

Current assets €385k▲ 131%

Equity and liabilities €430k

16.4%

83.6%

Equity €70k▲ 53.1%

Debt €360k▲ 113%

The debt ratio rises from 78.5% to 83.6%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€55k▲

2024 · €48k

Cash flow

€37k▼

2024 · €37k

Solvency

16.4%▼

2024 · 21.5%

Current ratio

7.35▲

2024 · 3.66

Quick ratio

1.56▲

2024 · 0.73

Debt / equity

5.10▲

2024 · 3.66

ROE

34.7%▼

2024 · 60.7%

ROA

5.7%▼

2024 · 13.0%

Interest coverage

4.69▼

2024 · 13.96

Debt

€360k▲

2024 · €168k

Debt ≤ 1 year

€52k▲

2024 · €45k

Debt > 1 year

€306k▲

2024 · €123k

Income taxes

€8k▲

2024 · €8k

Staff costs

€57k

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€215k€430k▲

Fixed assets21/28€48k€46k▼

Intangible fixed assets21€957€720▼

Tangible fixed assets22/27€47k€45k▼

Plant, machinery and equipment23€10k€13k▲

Furniture and vehicles24€37k€32k▼

Current assets29/58€166k€385k▲

Stocks and contracts in progress3€133k€303k▲

Stocks30/36€133k€303k▲

Amounts receivable within one year40/41€16k€63k▲

Trade receivables40€6k€59k▲

Other amounts receivable41€10k€4k▼

Cash at bank and in hand54/58€13k€17k▲

Deferred charges and accrued income490/1€5k€2k▼

Equity and liabilities

Total equity and liabilities10/49€215k€430k▲

Equity10/15€46k€70k▲

Contributions10/11€6k€6k=

Profit (loss) carried forward14€40k€64k▲

Amounts payable17/49€168k€360k▲

Amounts payable after more than one year17€123k€306k▲

Financial debts170/4€123k€306k▲

Amounts payable within one year42/48€45k€52k▲

Current portion of amounts payable after more than one year42€14k€15k▲

Trade debts44€20k€7k▼

Suppliers440/4€20k€7k▼

Taxes, remuneration and social security45€12k€25k▲

Taxes450/3€12k€19k▲

Remuneration and social security454/9-€6k

Other amounts payable47/48-€6k

Accrued charges and deferred income492/3-€1k

Income statement Code20242025

Remuneration, social security and pensions62-€57k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€13k▲

Other operating charges640/8€19k€23k▲

Gross operating margin9900€68k€135k▲

Operating profit (loss)9901€39k€42k▲

Financial income75/76B€134€2k▲

Recurring financial income75€134€2k▲

Financial charges65/66B€3k€12k▲

Recurring financial charges65€3k€12k▲

Profit (loss) for the period before taxes9903€36k€33k▼

Income taxes67/77€8k€8k▲

Profit (loss) for the period9904€28k€24k▼

Profit (loss) for the period to be appropriated9905€28k€24k▼

Appropriation of the result

Profit (loss) to be appropriated9906€40k€64k▲

Profit (loss) brought forward from the previous period14P€12k€40k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 10 days late

2025

31-12

Financial Liquidity doublescurrent ratio 7.35

Current ratio from 3.66 to 7.35.

18-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 18 days late

2024

31-12

Financial Highest result since 2023net €28k ▲131%

Net result €28k, the highest in the series.

07-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 7 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 2024

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.

01-07-2024 Aleksander Biba: Resigned as Director

01-11-2023 Laurenz Hulsmans: Resigned as Director

Location & real-estate footprint

Registered office, Hasselt · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Lazarijstraat 1563500 Hasselt

Ground area

6,826 m²

Building footprint

2,803 m²