GALAVI
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Bruges division
- Declared bankrupt
- 5 December 2022
- Supervising judge
- Frederik Moortgat
- Official Gazette
- 09-12-2022 (pdf) ↗search the document for 2022/145565
Deadlines
- Provisional date payments stopped
- 5 December 2022A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 24 December 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 4 January 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 16 January 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 5 December 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Lore RammelooEzelstraat 25, 8000 Bruggeadvocaten@crivitspersyn.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2018 was due by 31-01-2019 and was filed on 25-02-2019, 25 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 filingsDeviation from the deadline
2021
not filed
2020
not filed
2019
not filed
2018
25 d late
2017
27 d late
2016
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 27 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2018, micro schema
Equity
€212,004
Total assets
€997,819
Net result
€76,598
Working capital
€88,766
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €997,819
Fixed assets
€310,698
Current assets
€687,121
Equity and liabilities €997,819
Equity
€212,004
Debt
€785,815
Debt finances 78.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€182,075
Cash flow
€114,573
Current ratio
1.15
Debt to equity
0.88
ROE
36.1%
ROA
7.7%
Debt ≤ 1 year
€598,355
Debt > 1 year
€185,592
Income taxes
€56,409
Annual accounts
| Line | 2018 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,975 |
| Gross operating margin9900 | €202,787 |
| Operating profit (loss)9901 | €144,100 |
| Recurring financial income75 | €1 |
| Recurring financial charges65 | €11,095 |
| Profit (loss) for the period before taxes9903 | €133,007 |
| Income taxes67/77 | €56,409 |
| Profit (loss) for the period9904 | €76,598 |
| Profit (loss) for the period to be appropriated9905 | €76,598 |
| Line | 2018 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €997,819 | |
| Fixed assets21/28 | €310,698 | |
| Tangible fixed assets22/27 | €305,998 | |
| Financial fixed assets28 | €4,700 | |
| Current assets29/58 | €687,121 | |
| Stocks and contracts in progress3 | €25,000 | |
| Amounts receivable within one year40/41 | €655,383 | |
| Current investments50/53 | €2,148 | |
| Cash at bank and in hand54/58 | €4,040 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €997,819 | |
| Equity10/15 | €212,004 | |
| Contributions10/11 | €18,600 | |
| Reserves13 | €193,404 | |
| Amounts payable17/49 | €785,815 | |
| Amounts payable after more than one year17 | €185,592 | |
| Amounts payable within one year42/48 | €598,355 | |
| Trade debts44 | €490,151 | |
| Line | 2018 |
|---|---|
| Profit (loss) for the period9904 | €76,598 |
| + Depreciation and write-downs630 | €37,975 |
| Operating cash flow (approximation) | €114,573 |
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
2022
09-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 05-12-2022
2019
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wingene · 1 establishment unit since 2014
Ground area
2,383 m²
Building footprint
316 m²
Volume, LiDAR
1,171 m³
Parcel 37012D0413/00F000, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GALAVI
since 20142.236.934.222
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37012D0413/00F000 | Flanders | 2,383 m² | 1 · 316 m² | 8.9 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LORE RAMMELOO Ezelstraat 25, 8000 Brugge |
05-12-2022 → present |
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded01-12-2014
Fiscal year end30-06
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.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.