GALARMO
ActiveSummary
GALARMO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€112,901) and a net result of €254,338. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 1576 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.25 against 0.09 in 2024; short-term debt: 80.2% and cash: 88.4% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% 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
-71.1%
Return on assets
160.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1576 sector peers (2025).
NBB · sector comparisonPosition among 1576 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 · 10 filingsDeviation from the deadline
2025
54 d late
2024
169 d late
2023
275 d late
2022
267 d late
2021
58 d late
2020
87 d late
2018
217 d late
← 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 161 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 16 January (4 of the last 5 filed years within 111 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€112,901▲ 69.3%
2024 · -€367,238
Total assets
€158,680▲ 430%
2024 · €29,950
Net result
€254,338
2024 · -€147,181
Working capital
€31,429
2024 · -€135,862
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,897▲ 90.9%€6,228-€35,401-€130,763▼ 269%€263,677
Net result-€7,640below the sector's middle half▲ 69.0%-€4,641within the sector's middle half▲ 39.3%-€43,260below the sector's middle half▼ 832%-€147,181below the sector's middle half▼ 240%€254,338above the sector's middle half
Equity-€172,157below the sector's middle half▼ 4.6%-€176,798below the sector's middle half▼ 2.7%-€220,058below the sector's middle half▼ 24.5%-€367,238below the sector's middle half▼ 66.9%-€112,901below the sector's middle half▲ 69.3%
Total assets€87,394within the sector's middle half▼ 14.5%€60,796below the sector's middle half▼ 30.4%€56,513below the sector's middle half▼ 7.0%€29,950below the sector's middle half▼ 47.0%€158,680within the sector's middle half▲ 430%
Debt€259,551▼ 2.7%€237,594▼ 8.5%€276,570▲ 16.4%€397,188▲ 43.6%€271,581▼ 31.6%
Working capital-€84,432below the sector's middle half▲ 10.8%-€86,163below the sector's middle half▼ 2.0%-€111,192below the sector's middle half▼ 29.0%-€135,862below the sector's middle half▼ 22.2%€31,429within the sector's middle half
Solvency-197.0%below the sector's middle half▼ 36.0pp-290.8%below the sector's middle half▼ 93.8pp-389.4%below the sector's middle half▼ 98.6pp-71.1%below the sector's middle half
Current ratio0.33below the sector's middle half▲ 0.110.23below the sector's middle half▼ 0.100.23below the sector's middle half=0.09below the sector's middle half▼ 0.141.25within the sector's middle half▲ 1.16
Return on assets (ROA)-8.7%below the sector's middle half▲ 15.4pp-7.6%below the sector's middle half▲ 1.1pp-76.5%below the sector's middle half▼ 68.9pp-491.4%below the sector's middle half▼ 414.9pp160.3%above the sector's middle half▲ 651.7pp
Staff (FTE)3.9▲ 105%4.5▲ 15.4%6.4▲ 42.2%5.9▼ 7.8%2.8▼ 52.5%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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 returns to profit in 2025: €263,677 after a loss of €130,763 in 2024, the highest result in the available series.
Key figures and ratios
Debt to equity
-2.41▼
2024 · -1.08
Debt ≤ 1 year
€127,251▼
2024 · €149,482
Income taxes
€75▼
2024 · €78
Staff costs
€59,879▼
2024 · €93,278
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 3,795 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 | - | - | - | - | €299,514 | - |
| Remuneration, social security and pensions62 | €73,117 | €114,465 | €117,513 | €93,278 | €59,879 | ▼ 35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,830 | €12,785 | €11,611 | €7,081 | - | - |
| Other operating charges640/8 | €4,861 | €5,864 | €5,164 | €5,830 | €3,070 | ▼ 47.3% |
| Non-recurring operating charges66A | - | €104 | - | €96,000 | €845 | ▼ 99.1% |
| Gross operating margin9900 | €112,910 | €139,445 | €98,887 | €71,426 | €327,471 | ▲ 358% |
| Operating profit (loss)9901 | -€1,897 | €6,228 | -€35,401 | -€130,763 | €263,677 | ▲ 302% |
| Financial income75/76B | €70 | €321 | €8 | €0 | €0 | ▼ 25.0% |
| Recurring financial income75 | €70 | €321 | €8 | €0 | €0 | ▼ 25.0% |
| Financial charges65/66B | €5,669 | €11,213 | €7,790 | €16,340 | €9,264 | ▼ 43.3% |
| Recurring financial charges65 | €5,669 | €11,213 | €7,790 | €16,340 | €9,264 | ▼ 43.3% |
| Profit (loss) for the period before taxes9903 | -€7,496 | -€4,665 | -€43,182 | -€147,102 | €254,413 | ▲ 273% |
| Income taxes67/77 | €143 | -€24 | €78 | €78 | €75 | ▼ 4.3% |
| Profit (loss) for the period9904 | -€7,640 | -€4,641 | -€43,260 | -€147,181 | €254,338 | ▲ 273% |
| Profit (loss) for the period to be appropriated9905 | -€7,640 | -€4,641 | -€43,260 | -€147,181 | €254,338 | ▲ 273% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87,394 | €60,796 | €56,513 | €29,950 | €158,680 | ▲ 430% |
| Fixed assets21/28 | €44,887 | €35,022 | €23,412 | €16,331 | - | - |
| Tangible fixed assets22/27 | €44,042 | €34,178 | €22,567 | €15,486 | - | - |
| Land and buildings22 | €26,602 | €24,840 | €17,439 | €14,569 | - | - |
| Plant, machinery and equipment23 | - | €1,677 | €1,297 | €917 | - | - |
| Furniture and vehicles24 | €17,440 | €7,660 | €3,830 | - | - | - |
| Financial fixed assets28 | €845 | €845 | €845 | €845 | - | - |
| Current assets29/58 | €42,507 | €25,773 | €33,101 | €13,619 | €158,680 | ▲ 1,065% |
| Stocks and contracts in progress3 | €7,500 | €7,500 | €7,500 | - | - | - |
| Stocks30/36 | €7,500 | €7,500 | €7,500 | - | - | - |
| Amounts receivable within one year40/41 | €2,124 | €7,022 | €179 | €13,619 | €18,298 | ▲ 34.4% |
| Trade receivables40 | €279 | €6,582 | €157 | €13,312 | €17,960 | ▲ 34.9% |
| Other amounts receivable41 | €1,845 | €440 | €22 | €307 | €338 | ▲ 10.1% |
| Cash at bank and in hand54/58 | €32,883 | €11,252 | €25,422 | - | €140,274 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €108 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87,394 | €60,796 | €56,513 | €29,950 | €158,680 | ▲ 430% |
| Equity10/15 | -€172,157 | -€176,798 | -€220,058 | -€367,238 | -€112,901 | ▲ 69.3% |
| Contributions10/11 | €24,913 | €24,913 | €24,913 | €24,913 | €24,913 | = |
| Profit (loss) carried forward14 | -€197,070 | -€201,711 | -€244,971 | -€392,152 | -€137,814 | ▲ 64.9% |
| Amounts payable17/49 | €259,551 | €237,594 | €276,570 | €397,188 | €271,581 | ▼ 31.6% |
| Amounts payable after more than one year17 | €76,985 | €57,389 | €38,725 | €22,335 | - | - |
| Financial debts170/4 | €76,985 | €57,389 | €38,725 | €22,335 | - | - |
| Amounts payable within one year42/48 | €126,939 | €111,936 | €144,293 | €149,482 | €127,251 | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | €20,512 | €20,899 | €19,991 | €17,742 | - | - |
| Financial debts43 | - | €14 | €7,146 | €3,971 | - | - |
| Credit institutions430/8 | - | €14 | €7,146 | €3,971 | - | - |
| Trade debts44 | €21,159 | €20,783 | €22,595 | €54,419 | €29,731 | ▼ 45.4% |
| Suppliers440/4 | €21,159 | €20,783 | €22,595 | €54,419 | €29,731 | ▼ 45.4% |
| Taxes, remuneration and social security45 | €24,862 | €44,924 | €34,872 | €29,258 | €16,431 | ▼ 43.8% |
| Taxes450/3 | €9,190 | €19,636 | €6,534 | €7,038 | €398 | ▼ 94.3% |
| Remuneration and social security454/9 | €15,672 | €25,288 | €28,338 | €22,220 | €16,033 | ▼ 27.8% |
| Other amounts payable47/48 | €60,406 | €25,316 | €59,688 | €44,092 | €81,090 | ▲ 83.9% |
| Accrued charges and deferred income492/3 | €55,627 | €68,269 | €93,553 | €225,372 | €144,330 | ▼ 36.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,640 | -€4,641 | -€43,260 | -€147,181 | €254,338 | ▲ 273% |
| + Depreciation and write-downs630 | €36,830 | €12,785 | €11,611 | €7,081 | - | - |
| Operating cash flow (approximation) | €29,190 | €8,144 | -€31,649 | -€140,100 | €254,338 | ▲ 282% |
| Investment in fixed assets (approximation) | - | -€2,920 | €0 | €0 | - | - |
| Change in cash | - | -€21,632 | €14,170 | - | - | - |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 169 days late
2025
31-12
Financial
Back to profitnet €254,338
Net result €254,338 after 6 loss-making years.
31-12
Financial
Liquidity times 14current ratio 1.25
Current ratio from 0.09 to 1.25; short-term debt falls from €149,482 to €127,251.
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 275 days late
2024
31-12
Financial
Weakest financial yearnet -€147,181
Net result drops to -€147,181, the lowest in the series; recovery starts the following year.
23-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 267 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
04-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 217 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 51 days late
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Namur · 1 establishment unit since 1991
Ground area
1,028 m²
Building footprint
62 m²
Volume, LiDAR
391 m³
Parcel 92135C0043/00H000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Glace Mania
since 19912.051.766.962
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135C0043/00H000 | Wallonia | 1,028 m² | 1 · 62 m² | 8.8 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.
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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 608 companies in sector 10520 we hold annual accounts for 235. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded01-03-1991
Fiscal year end31-12
Activities, NACEBEL 2025
10520Manufacture of food products
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.