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GALAGO

Active
Private limited companyfounded 2011active for 15 yearsRue de la Clef 41, 4650 Herve, Belgium18 active companies are registered at this addressKBO/BCE: BE 0837.054.966
Summary

The computed 12-month bankruptcy probability of GALAGO is 18.5% (high). The annual accounts of GALAGO for financial year 2024 show a net loss of 52% of the equity at the start of that year. The 2024 annual accounts show equity of €9,546 and a net result of -€10,453. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 725 sector peers (NACE 53, financial year 2024). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
GALAGOActiveChecked score 13/100
Risk analysis ReportCompare

Overview

Activity
Other postal and courier activities
NACE 53200Freight transport by road NACE 49410
1 site
Size
€60,487total assets 2024
Equity
€9,546
Loss
-€10,453
Turnover not published (micro format)
Financial health
13 Critical Checked score 2024
Bankruptcy probabilitywithin 12 months
18.5%
Structure
Accounts 75 days overdue2 of 7 deeds read
Why 13raises risk2 changes of registered office in 24 months1 financial year not filed after the legal deadline; latest accounts 197 days late; 2 of the last 3 lateSector: Postal and courier activities (NACE 53)lowers riskFounded in 2011Show the evidence

Checked score

Score 2024
13 / 100
Critical
Probability in this band: over 15.0%
Financially better than 15% of its sector peers (NACE 53, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency 41-47
equity 15.8% of total assets
Liquidity 5-40
short-term debt 84.2% · cash 1.5%
Profitability 0-100
return on assets -17.3%
Bankruptcy probability, 12 months
18.5% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 5 comparable companies go bankrupt within 12 months (an estimate).

Sector median 2.6% (908 companies, NACE 53, micro)
Last 24 months 11-2024: 1.8%lowest value 12-2024: 1.8%● unchanged vs 11-2024lowest value 01-2025: 1.8%● unchanged vs 12-2024lowest value 02-2025: 1.8%● unchanged vs 01-2025lowest value 03-2025: 1.8%● unchanged vs 02-2025lowest value 04-2025: 1.8%● unchanged vs 03-2025lowest value 05-2025: 1.8%● unchanged vs 04-2025lowest value 06-2025: 1.8%● unchanged vs 05-2025 07-2025: 1.8%● unchanged vs 06-2025 08-2025: 2.2%▲ +0.4 percentage points vs 07-2025 09-2025: 2.6%▲ +0.4 percentage points vs 08-2025 10-2025: 2.6%● unchanged vs 09-2025 11-2025: 2.6%● unchanged vs 10-2025 12-2025: 4.9%▲ +2.3 percentage points vs 11-2025 01-2026: 19.7%▲ +14.8 percentage points vs 12-2025highest value 02-2026: 19.7%● unchanged vs 01-2026highest value 03-2026: 18.2%▼ -1.5 percentage points vs 02-2026 04-2026: 19.0%▲ +0.8 percentage points vs 03-2026 05-2026: 19.2%▲ +0.2 percentage points vs 04-2026 06-2026: 11.9%▼ -7.3 percentage points vs 05-2026 07-2026: 11.9%● unchanged vs 06-2026 08-2026: 16.5%▲ +4.6 percentage points vs 07-2026 09-2026: 17.1%▲ +0.6 percentage points vs 08-2026 10-2026: 18.5%▲ +1.4 percentage points vs 09-2026
No credit on open account
Liquidity tight (current ratio 1.19, compared with 2.68 in 2023, below the usual 1.5; short-term debt: 84.2% and cash: 1.5% of total assets), and 84.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 53, micro): better than 31% on solvency, 9% on liquidity, 8% on profitability and 13% on growth.

The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · 2 changes of registered office in 24 months
Belgian Official Gazette
raises risk · 1 financial year not filed after the legal deadline; latest accounts 197 days late; 2 of the last 3 late
NBB · filings
lowers risk · Founded in 2011
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Postal and courier activities (NACE 53)
KBO
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 75 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline14-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-02-2026, 197 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
197 days late
2023
499 days late
2022
23 days late
2021
22 days late
2020
19 days late
2018
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 122 days after the deadline; the sector median (NACE 53) for financial year 2024 is 13 days after the deadline, and 56% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Caution: Among the weakest 14% on net resultsector median €5,543 · 725 companies -€10,453 View
  • Caution: Accounts not fileddeadline was 31-07-2026 75 days late View
  • Caution: Board changedlatest change 05-11-2025 · 1 in office 1 joined · 1 left View

By topic

Financials

Financial year
2024
Total assets
€60,487
Loss
-€10,453
Solvency
15.8%
Total assets▲ 89.5%
Net result
20182024
Go to Financials

Timeline

Events
17
Since
2012
  1. 20-11-2025Resignation: Yves Hody (director)
  2. 31-12-2024Weakest financial year
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other postal and courier activitiesNACE 53200
Founded
17-06-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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