GALANTINE
ActiveSummary
GALANTINE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€65,428) and a net result of €1,699. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 7% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-24
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.38 in 2024; short-term debt: 173.2% and cash: 14.3% of total assets), and equity is negative.
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Signals
Five 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-184.1%
Return on assets
4.8%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 18716 sector peers (2025).
NBB · sector comparisonPosition among 18716 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
1 d early
2022
38 d early
2021
1 d early
2020
1 d early
2019
17 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€65,428▲ 2.5%
2024 · -€67,127
Total assets
€35,536▲ 6.1%
2024 · €33,492
Net result
€1,699▼ 65.4%
2024 · €4,915
Working capital
-€30,055▲ 20.5%
2024 · -€37,801
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,969▲ 84.7%€6,283€11,818▲ 88.1%€8,807▼ 25.5%€6,406▼ 27.3%
Net result-€6,198below the sector's middle half▲ 65.8%€2,521within the sector's middle half€8,092within the sector's middle half▲ 221%€4,915within the sector's middle half▼ 39.3%€1,699within the sector's middle half▼ 65.4%
Equity-€82,654below the sector's middle half▼ 8.1%-€80,134below the sector's middle half▲ 3.0%-€72,042below the sector's middle half▲ 10.1%-€67,127below the sector's middle half▲ 6.8%-€65,428below the sector's middle half▲ 2.5%
Total assets€12,918below the sector's middle half▼ 74.7%€12,983below the sector's middle half▲ 0.5%€48,177below the sector's middle half▲ 271%€33,492below the sector's middle half▼ 30.5%€35,536below the sector's middle half▲ 6.1%
Debt€95,573▼ 25.0%€93,117▼ 2.6%€120,219▲ 29.1%€100,619▼ 16.3%€100,964▲ 0.3%
Working capital-€53,220below the sector's middle half▲ 6.6%-€45,563below the sector's middle half▲ 14.4%-€48,762below the sector's middle half▼ 7.0%-€37,801below the sector's middle half▲ 22.5%-€30,055below the sector's middle half▲ 20.5%
Solvency-639.8%below the sector's middle half▼ 489.9pp-617.2%below the sector's middle half▲ 22.6pp-149.5%below the sector's middle half▲ 467.7pp-200.4%below the sector's middle half▼ 50.9pp-184.1%below the sector's middle half▲ 16.3pp
Current ratio0.05below the sector's middle half▼ 0.300.15below the sector's middle half▲ 0.100.40below the sector's middle half▲ 0.240.38below the sector's middle half▼ 0.010.51below the sector's middle half▲ 0.13
Return on assets (ROA)-48.0%below the sector's middle half▼ 12.5pp19.4%above the sector's middle half▲ 67.4pp16.8%above the sector's middle half▼ 2.6pp14.7%above the sector's middle half▼ 2.1pp4.8%within the sector's middle half▼ 9.9pp
Staff (FTE)0.5▼ 64.3%
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 two years in a row; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35,536
Fixed assets
€4,031 ▼ 60.0%
Current assets
€31,504 ▲ 34.6%
Equity and liabilities
Equity-€65,428
Debt€100,964
Equity is negative: debt (€100,964) exceeds the balance-sheet total (€35,536).
Key figures and ratios
EBITDA
€12,453▼
2024 · €14,854
Cash flow
€7,746▼
2024 · €10,961
Interest coverage
3.01▼
2024 · 4.42
Debt ≤ 1 year
€61,560▲
2024 · €61,215
Debt > 1 year
€39,404=
2024 · €39,404
Income taxes
€637▲
2024 · €553
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 1,379 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €10,430 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €6,089 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,970 | €11,136 | €2,016 | €6,047 | €6,047 | = |
| Other operating charges640/8 | €112 | €203 | €769 | €911 | €183 | ▼ 79.9% |
| Non-recurring operating charges66A | - | - | €2,733 | - | - | - |
| Gross operating margin9900 | €14,202 | €17,622 | €17,336 | €15,765 | €12,636 | ▼ 19.8% |
| Operating profit (loss)9901 | -€1,969 | €6,283 | €11,818 | €8,807 | €6,406 | ▼ 27.3% |
| Financial income75/76B | €70 | - | €6 | €24 | €60 | ▲ 154% |
| Recurring financial income75 | €70 | - | €6 | €24 | €60 | ▲ 154% |
| Financial charges65/66B | €3,913 | €3,374 | €3,348 | €3,363 | €4,131 | ▲ 22.8% |
| Recurring financial charges65 | €3,913 | €3,374 | €3,348 | €3,363 | €4,131 | ▲ 22.8% |
| Profit (loss) for the period before taxes9903 | -€5,811 | €2,909 | €8,476 | €5,468 | €2,336 | ▼ 57.3% |
| Income taxes67/77 | €387 | €388 | €384 | €553 | €637 | ▲ 15.2% |
| Profit (loss) for the period9904 | -€6,198 | €2,521 | €8,092 | €4,915 | €1,699 | ▼ 65.4% |
| Profit (loss) for the period to be appropriated9905 | -€6,198 | €2,521 | €8,092 | €4,915 | €1,699 | ▼ 65.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,918 | €12,983 | €48,177 | €33,492 | €35,536 | ▲ 6.1% |
| Fixed assets21/28 | €9,970 | €4,833 | €16,125 | €10,078 | €4,031 | ▼ 60.0% |
| Tangible fixed assets22/27 | €9,970 | €4,833 | €16,125 | €10,078 | €4,031 | ▼ 60.0% |
| Furniture and vehicles24 | €9,970 | €4,833 | €16,125 | €10,078 | €4,031 | ▼ 60.0% |
| Current assets29/58 | €2,949 | €8,150 | €32,052 | €23,414 | €31,504 | ▲ 34.6% |
| Amounts receivable within one year40/41 | €2,420 | €7,454 | €28,987 | €13,243 | €24,674 | ▲ 86.3% |
| Trade receivables40 | €2,414 | €7,415 | €28,212 | €13,193 | €24,612 | ▲ 86.6% |
| Other amounts receivable41 | €6 | €38 | €775 | €50 | €62 | ▲ 24.3% |
| Cash at bank and in hand54/58 | - | - | €2,296 | €9,153 | €5,071 | ▼ 44.6% |
| Deferred charges and accrued income490/1 | €529 | €696 | €769 | €1,018 | €1,759 | ▲ 72.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,918 | €12,983 | €48,177 | €33,492 | €35,536 | ▲ 6.1% |
| Equity10/15 | -€82,654 | -€80,134 | -€72,042 | -€67,127 | -€65,428 | ▲ 2.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €16 | €16 | €16 | €16 | €16 | = |
| Non-distributable reserves130/1 | €16 | €16 | €16 | €16 | €16 | = |
| Reserves not available under the articles1311 | €16 | €16 | €16 | €16 | €16 | = |
| Profit (loss) carried forward14 | -€88,871 | -€86,350 | -€78,258 | -€73,343 | -€71,645 | ▲ 2.3% |
| Amounts payable17/49 | €95,573 | €93,117 | €120,219 | €100,619 | €100,964 | ▲ 0.3% |
| Amounts payable after more than one year17 | €39,404 | €39,404 | €39,404 | €39,404 | €39,404 | = |
| Other amounts payable178/9 | €39,404 | €39,404 | €39,404 | €39,404 | €39,404 | = |
| Amounts payable within one year42/48 | €56,169 | €53,713 | €80,814 | €61,215 | €61,560 | ▲ 0.6% |
| Financial debts43 | €19,942 | €19,802 | €19,776 | €18,697 | €19,995 | ▲ 6.9% |
| Credit institutions430/8 | €19,942 | €19,802 | €19,776 | €18,697 | €19,995 | ▲ 6.9% |
| Trade debts44 | €15,662 | €19,031 | €34,561 | €30,612 | €15,642 | ▼ 48.9% |
| Suppliers440/4 | €15,662 | €19,031 | €34,561 | €30,612 | €15,642 | ▼ 48.9% |
| Advances received on contracts in progress46 | €1,358 | €823 | €22,231 | - | €20,649 | - |
| Taxes, remuneration and social security45 | €799 | €3,712 | €854 | €10,344 | €1,859 | ▼ 82.0% |
| Taxes450/3 | €799 | €3,712 | €854 | €10,344 | €1,859 | ▼ 82.0% |
| Other amounts payable47/48 | €18,408 | €10,345 | €3,392 | €1,562 | €3,415 | ▲ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,198 | €2,521 | €8,092 | €4,915 | €1,699 | ▼ 65.4% |
| + Depreciation and write-downs630 | €9,970 | €11,136 | €2,016 | €6,047 | €6,047 | = |
| Operating cash flow (approximation) | €3,771 | €13,657 | €10,108 | €10,961 | €7,746 | ▼ 29.3% |
| Investment in fixed assets (approximation) | - | -€6,000 | -€13,307 | €0 | €0 | - |
| Change in cash | - | - | - | €6,857 | -€4,081 | ▼ 160% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €8,092 ▲221%
Operating result €11,818, net result €8,092, both a record.
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €2,521
Net result €2,521 after 4 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Vosselaar
Ground area
1,725 m²
Building footprint
339 m²
Volume, LiDAR
1,998 m³
Parcel 13046B0297/00T000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13046B0297/00T000 | Flanders | 1,725 m² | 1 · 339 m² | 10.8 m · 2 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.
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,856 EUR awarded · 1,856 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,030 EUR | 1,030 EUR |
| 2023 | 1 | 152 EUR | 152 EUR |
| 2022 | 1 | 674 EUR | 674 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,042 companies in this sector we hold annual accounts for 1,568. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded19-03-2007
Fiscal year end30-09
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
E-invoicing
Reachable via Peppol
Peppol ID
0208:0888046975
Also
9925:BE0888046975
Registered
27-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.