GALAXY STUDIOS
The computed 12-month bankruptcy probability of GALAXY STUDIOS is 0.3% (very low). The 2022 annual accounts show equity of €668k and a net result of €-1.85M. Equity is shrinking by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 23% of 342 sector peers (fiscal year 2022). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €668k |
| Net result | €-1.85M |
| Staff (FTE) | 9.2 |
| Better than sector | 23% |
Fragile profile, watch health in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 7.8% | 39.5% | |
| Net result | €-1.85M | €11k | |
| Equity | €668k | €26k | |
| Gross operating margin | €2.76M | €30k | |
| Staff costs | €192k | €60k |
| Fiscal year | 2022 |
|---|---|
| Revenue | €3.55M |
| EBITDA | €-1.69M |
| Net profit | €-1.85M |
| Cash flow | €-1.68M |
| Staff costs | €192k |
| Income taxes | €-53 |
| Dividends | - |
| Total assets | €8.60M |
| Equity | €668k |
| Debt | €7.93M |
| of which ≤ 1y | €7.76M |
| of which > 1y | €178k |
| Working capital | €-7.38M |
| Employees (FTE) | 9.2 |
| 2022 | |
|---|---|
| Current ratio | 0.05 |
| Quick ratio | 0.05 |
| Working capital ratio | -85.8% |
| Solvency | 7.8% |
| Debt / equity | 11.89 |
| Long-term debt ratio | 0.27 |
| Interest coverage | -7.38 |
| Gross margin | 74.3% |
| Net margin | -52.1% |
| ROA | -21.5% |
| ROE | -276.9% |
| EBITDA margin | -47.7% |
| Days sales outstanding | 29d |
| Days payable outstanding | 143d |
| Inventory turnover | 241.25 |
| Days inventory (DSI) | 2d |
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €8.60M |
| Fixed assets | 21/28 | €8.23M |
| Tangible fixed assets | 22/27 | €8.23M |
| Current assets | 29/58 | €376k |
| Stocks & contracts in progress | 3 | €4k |
| Amounts receivable within one year | 40/41 | €326k |
| Cash & bank | 54/58 | €39k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8.60M |
| Equity | 10/15 | €668k |
| Contributions / capital | 10/11 | €2.50M |
| Reserves | 13 | €579k |
| Accumulated profits (losses) | 14 | €-2.41M |
| Amounts payable | 17/49 | €7.93M |
| Amounts payable after one year | 17 | €178k |
| Amounts payable within one year | 42/48 | €7.76M |
| Trade debts payable within one year | 44 | €356k |
| Income statement | ||
| Turnover | 70 | €3.55M |
| Gross operating margin | 9900 | €2.76M |
| Operating result | 9901 | €-1.86M |
| Financial income | 75 | €238k |
| Financial charges | 65 | €229k |
| Result before taxes | 9903 | €-1.85M |
| Income taxes | 67/77 | €-53 |
| Net result for the period | 9904 | €-1.85M |
| Result to be appropriated | 9905 | €-1.85M |
| NACE primary | 59203 |
| Legal form | Public limited company(014) |
| Incorporation | 08-12-1982 |
| Status | Active |
| Postal code | 2400 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13435D0409/00W000 | Flanders | 960 m² | 1 · 131 m² | 7.5 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
25-04-2023 2 resigning
- Renatus Van Baelen, Bestuurder
- Renatus Van Baelen, Dagelijks bestuur
Technical details
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},
"reason": "de_plein_droit_dissolution",
"subkind": null,
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"statutory": "niet_statutair",
"compensated": null,
"effective_date": "2023-04-13",
"evidence_quote": "De Raad van Bestuur neemt kennis van het verzoek tot ontsiag van Renatus Van Baelen als niet-statutaire bestuurder, en dit met ingang op 13/04/2023.",
"decharge_status": "pending_next_agm",
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"effective_date": "2023-04-13",
"evidence_quote": "Het bestuursorgaan beslist het ontslag van Renatus Van Baelen als persoon belast met dagelijks bestuur met ingang op 13/04/2023 te aanvaarden.",
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}
],
"notary": {
"name": "TURNHOUT",
"firm_city": null,
"firm_name": null,
"office_city": "Anwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-04-25",
"filing_date": "2023-04-14",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "raad_van_bestuur",
"date": "2023-04-13",
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}
],
"is_correction": false,
"subject_company": {
"kbo": "0423.224.460",
"name_full": "GALAXY STUDIOS",
"legal_form": "NV"
},
"publication_proxy": {
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"person_name": "Guido Van Baelen",
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},
"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | GALAXY STUDIOS |