GAL projects
The computed 12-month bankruptcy probability of GAL projects is 2.9% (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 27% of 11123 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €70k |
| Net result | €24k |
| Staff (FTE) | 1.4 |
| Better than sector | 27% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.5% | 40.8% | |
| Net result | €28k | €11k | |
| Equity | €46k | €34k | |
| Gross operating margin | €68k | €35k | |
| Total assets | €215k | €94k |
Show 11 other metrics
| Fiscal year | 2025 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | €55k |
| Net profit | €24k |
| Cash flow | €37k |
| Staff costs | €57k |
| Income taxes | €8k |
| Dividends | - |
| Total assets | €430k |
| Equity | €70k |
| Debt | €360k |
| of which ≤ 1y | €52k |
| of which > 1y | €306k |
| Working capital | €332k |
| Employees (FTE) | 1.4 |
| 2025 | |
|---|---|
| Current ratio | 7.35 |
| Quick ratio | 1.56 |
| Working capital ratio | 77.3% |
| Solvency | 16.4% |
| Debt / equity | 5.10 |
| Long-term debt ratio | 4.34 |
| Interest coverage | 4.69 |
| Gross margin | - |
| Net margin | - |
| ROA | 5.7% |
| ROE | 34.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €430k |
| Fixed assets | 21/28 | €46k |
| Intangible fixed assets | 21 | €720 |
| Tangible fixed assets | 22/27 | €45k |
| Current assets | 29/58 | €385k |
| Stocks & contracts in progress | 3 | €303k |
| Amounts receivable within one year | 40/41 | €63k |
| Cash & bank | 54/58 | €17k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €430k |
| Equity | 10/15 | €70k |
| Contributions / capital | 10/11 | €6k |
| Accumulated profits (losses) | 14 | €64k |
| Amounts payable | 17/49 | €360k |
| Amounts payable after one year | 17 | €306k |
| Amounts payable within one year | 42/48 | €52k |
| Trade debts payable within one year | 44 | €7k |
| Income statement | ||
| Gross operating margin | 9900 | €135k |
| Operating result | 9901 | €42k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €12k |
| Result before taxes | 9903 | €33k |
| Income taxes | 67/77 | €8k |
| Net result for the period | 9904 | €24k |
| Result to be appropriated | 9905 | €24k |
Former directors (2)
-
Former- → 01-07-2024
-
Former- → 01-11-2023
| NACE primary | Slopen(43110) |
| Legal form | Private limited company(610) |
| Incorporation | 12-05-2023 |
| Status | Active |
| Postal code | 3500 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0426/00D000 | Flanders | 6,826 m² | 1 · 2,803 m² | 17.7 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
10-08-2026 NBB filing Annual accounts filed
10-11-2025 State Gazette act Minor change
18-08-2025 NBB filing Annual accounts filed
25-10-2024 State Gazette act Director changes
07-08-2024 NBB filing Annual accounts filed
20-12-2023 State Gazette act Director changes
16-05-2023 State Gazette act Incorporation
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.
10-11-2025 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"detected_kind": "other",
"effective_date": null,
"mandate_renewal": null,
"subject_company": {
"kbo": "0801.726.675",
"name_full": "GAL PROJECTS",
"legal_form": "BV"
},
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"single_shareholder_declaration": null
}25-10-2024 Aleksander Biba resigns as director
- Aleksander Biba, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Aleksander Biba",
"address": null,
"birth_date": null
},
"effective_date": "2024-07-01",
"evidence_quote": "De bijzondere algemene vergadering neemt kennis van en aanvaardt het ontslag van de heer Aleksander Biba, wonende te Tongersesteenweg 172, 3800 Sint-Truiden, met onmiddellijke ingang vanaf heden, 01/07/2024. Er wordt kwijting verleend voor het gevoerde mandaat.",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0801.726.675",
"name_full": "GAL PROJECTS",
"legal_form": "BV"
}
}20-12-2023 Laurenz Hulsmans resigns as director
- Laurenz Hulsmans, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Laurenz Hulsmans",
"address": null,
"birth_date": null
},
"effective_date": "2023-11-01",
"evidence_quote": "De bijzondere algemene vergadering van aandeelhouders van 01/11/2023 heeft beslist het ontslag te aanvaarden met ingang vanaf 01/11/2023 van: Laurenz Hulsmans, wonende te Russelbeekstraat 4, 3600 Genk. Er wordt kwijting verleend voor het gevoerde mandaat.",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0801.726.675",
"name_full": "GAL PROJECTS",
"legal_form": "BV"
}
}16-05-2023 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "3500 Hasselt, Lazarijstraat 156 bus 2.02",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1989-12-08",
"name": "HULSMANS Laurenz Kris Cyriel",
"niss": null,
"address": "3590 Diepenbeek, Russelbeekstraat 4"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2000,
"holder_person_name": "HULSMANS Laurenz Kris Cyriel",
"is_subscriber_only": true,
"n_shares_subscribed": 30,
"amount_subscribed_eur": 2000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1973-03-10",
"name": "BIBA Aleksander",
"niss": null,
"address": "3800 Sint-Truiden, Tongersesteenweg 172"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2000,
"holder_person_name": "BIBA Aleksander",
"is_subscriber_only": true,
"n_shares_subscribed": 30,
"amount_subscribed_eur": 2000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1988-11-27",
"name": "MAIMON Gili",
"niss": null,
"address": "3500 Hasselt, Lazarijstraat 156/2.02"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2000,
"holder_person_name": "MAIMON Gili",
"is_subscriber_only": true,
"n_shares_subscribed": 30,
"amount_subscribed_eur": 2000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 6000,
"subject_company": {
"kbo": "0801.726.675",
"name_full": "GAL projects",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2023-05-11",
"post_incorporation_mandates": []
}| Legal nameNL | GAL projects |