GALAN SWIM

Open bankruptcy

Private limited companyfounded 2020Rue des Petits Gravelots 15, 4300 Waremme, BelgiumKBO/BCE: BE 0742.956.355

A bankruptcy procedure is open for GALAN SWIM according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-18k) and a net result of €-61k.

Watch Print / PDF

Signals

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

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-08-2023, 30 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

not confirmed

2024

not filed

2023

not filed

2022

30 d late

2021

11 d late

2020

26 d late

← before the deadline after the 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 2022, micro schema

Equity

€-18k

2021 · €43k

2020: €23k 2021: €43k

2020 → 2022

Total assets

€840k▲ 38.8%

2021 · €605k

2020: €187k 2021: €605k

2020 → 2022

Net result

€-61k

2021 · €21k

2020: €19k 2021: €21k

2020 → 2022

Working capital

€-27k

2021 · €65k

2020: €35k 2021: €65k

2020 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202020212022Trend

Equity€23k-€43k▲ 92.3%€-18k

Operating result€23k-€28k▲ 19.1%€-53k

Net result€19k-€21k▲ 12.2%€-61k

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

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2022: a loss of €53k after €28k in 2021, the lowest result in the available series.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €840k

97.6%

Fixed assets €20k▼ 24.5%

Current assets €819k▲ 41.7%

Key figures and ratios

2022 value · change against 2021

EBITDA

€-47k▼

2021 · €31k

Cash flow

€-55k▼

2021 · €24k

Solvency

-2.1%▼

2021 · 7.2%

Current ratio

0.97▼

2021 · 1.13

Quick ratio

0.52▲

2021 · 0.38

Debt / equity

-48.22▼

2021 · 12.95

ROA

-7.3%▼

2021 · 3.4%

Interest coverage

-6.08▼

2021 · 8.94

Debt

€857k▲

2021 · €562k

Debt ≤ 1 year

€846k▲

2021 · €513k

Debt > 1 year

€12k▼

2021 · €16k

Income taxes

€19▼

2021 · €4k

Staff costs

€206k▲

2021 · €185k

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 · 2022 against 2021

Balance sheet Code20212022

Assets

Total assets20/58€605k€840k▲

Fixed assets21/28€27k€20k▼

Tangible fixed assets22/27€27k€20k▼

Plant, machinery and equipment23€3k€2k▼

Furniture and vehicles24€3k€2k▼

Leasing and similar rights25€21k€16k▼

Current assets29/58€578k€819k▲

Stocks and contracts in progress3€382k€382k=

Stocks30/36€325k€325k=

Contracts in progress37€56k€56k=

Amounts receivable within one year40/41€161k€428k▲

Trade receivables40€134k€278k▲

Other amounts receivable41€27k€150k▲

Cash at bank and in hand54/58€26k€3k▼

Deferred charges and accrued income490/1€10k€6k▼

Equity and liabilities

Total equity and liabilities10/49€605k€840k▲

Equity10/15€43k€-18k▼

Contributions10/11€4k€4k=

Capital10€4k€4k=

Issued capital100€4k€4k=

Profit (loss) carried forward14€39k€-22k▼

Amounts payable17/49€562k€857k▲

Amounts payable after more than one year17€16k€12k▼

Financial debts170/4€16k€12k▼

Amounts payable within one year42/48€513k€846k▲

Current portion of amounts payable after more than one year42€5k€5k▲

Financial debts43€200k€325k▲

Credit institutions430/8€200k€325k▲

Trade debts44€74k€138k▲

Suppliers440/4€74k€138k▲

Taxes, remuneration and social security45€59k€57k▼

Taxes450/3€22k€13k▼

Remuneration and social security454/9€37k€45k▲

Other amounts payable47/48€176k€321k▲

Accrued charges and deferred income492/3€32k-

Income statement Code20212022

Remuneration, social security and pensions62€185k€206k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€7k▲

Other operating charges640/8€116€2k▲

Non-recurring operating charges66A€4k-

Gross operating margin9900€220k€161k▼

Operating profit (loss)9901€28k€-53k▼

Financial income75/76B€168€54▼

Recurring financial income75€168€54▼

Financial charges65/66B€4k€8k▲

Recurring financial charges65€4k€8k▲

Profit (loss) for the period before taxes9903€24k€-61k▼

Income taxes67/77€4k€19▼

Profit (loss) for the period9904€21k€-61k▼

Profit (loss) for the period to be appropriated9905€21k€-61k▼

Appropriation of the result

Profit (loss) to be appropriated9906€39k€-22k▼

Profit (loss) brought forward from the previous period14P€19k€39k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 6Signals 1Financial 2Filings 3

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

23-08

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Liège · GALAN SWIM SRL RUE DES PETITS GRAVELOTS 15, 4300 WAREMME · event 17-08-2023

2022

31-12

Financial Weakest financial yearnet €-61k ▼394%

Net result drops to €-61k, the lowest in the series.

11-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 11 days late

2021

31-12

Financial Highest result since 2020net €21k ▲12.2%

Operating result €28k, net result €21k, both a record.

26-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 26 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Waremme · 1 establishment unit since 2020

establishment approximate 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.

Rue des Petits Gravelots 154300 Waremme

Ground area

1.2 ha

Building footprint

6,329 m²

Volume, LiDAR

86,938 m³

Parcel 64074B0015/00F000, Wallonia · tallest building 15.0 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

GALAN SWIM

Rue des Petits Gravelots 15, 4300 WaremmeOther manufacturing

since 20202.300.105.075

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
64074B0015/00F000	Wallonia	1.2 ha	1 · 6,329 m²	15.0 m · 5 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.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	CHRISTELLE GRODENT RUE NEUVE 5, 4032 CHENEE ↔ Also on 58 other cases	17-08-2023 → present
Curator	LEON LEDUC PLACE DE BRONCKART 1, 4000 LIEGE 1	17-08-2023 → present