GALAXY - TECH
ActiveSummary
GALAXY - TECH has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,311 and a net result of €3,702. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 86% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▲+23
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 5.39 against 4.14 in 2024; short-term debt: 18.6% of total assets), and 18.6% of the assets are financed with debt.
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Signals
Six 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.4%
Return on assets
3.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
26 d late
2023
1 d late
2022
31 d late
2021
8 d late
2020
30 d late
2019
55 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 13 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,702
2024 · -€10,556
Working capital
€80,311▲ 5.0%
2024 · €76,472
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€3,221€1,977▼ 38.6%€5,811▲ 194%-€12,692€1,646
Net result€3,857below the sector's middle half€3,529below the sector's middle half▼ 8.5%€8,616within the sector's middle half▲ 144%-€10,556below the sector's middle half€3,702within the sector's middle half
Equity€75,020below the sector's middle half▲ 5.4%€78,549below the sector's middle half▲ 4.7%€87,165below the sector's middle half▲ 11.0%€76,609below the sector's middle half▼ 12.1%€80,311below the sector's middle half▲ 4.8%
Total assets€138,832below the sector's middle half▼ 3.4%€93,982below the sector's middle half▼ 32.3%€114,230below the sector's middle half▲ 21.5%€100,969below the sector's middle half▼ 11.6%€98,607below the sector's middle half▼ 2.3%
Debt€63,813▼ 12.1%€15,433▼ 75.8%€27,065▲ 75.4%€24,360▼ 10.0%€18,295▼ 24.9%
Working capital€75,020below the sector's middle half▲ 6.8%€78,549below the sector's middle half▲ 4.7%€86,891below the sector's middle half▲ 10.6%€76,472below the sector's middle half▼ 12.0%€80,311below the sector's middle half▲ 5.0%
Solvency54.0%within the sector's middle half▲ 4.5pp83.6%above the sector's middle half▲ 29.5pp76.3%above the sector's middle half▼ 7.3pp75.9%above the sector's middle half▼ 0.4pp81.4%above the sector's middle half▲ 5.6pp
Current ratio2.18within the sector's middle half▲ 0.186.09above the sector's middle half▲ 3.914.21above the sector's middle half▼ 1.884.14above the sector's middle half▼ 0.075.39above the sector's middle half▲ 1.25
Return on assets (ROA)2.8%within the sector's middle half▲ 7.8pp3.8%within the sector's middle half▲ 1.0pp7.5%within the sector's middle half▲ 3.8pp-10.5%below the sector's middle half▼ 18.0pp3.8%within the sector's middle half▲ 14.2pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,646 after a loss of €12,692 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €98,607
Equity
€80,311 ▲ 4.8%
Debt
€18,295 ▼ 24.9%
Debt's share of the balance-sheet total falls from 24.1% to 18.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1,783▲
2024 · -€12,555
Cash flow
€3,839▲
2024 · -€10,419
Quick ratio
4.52▲
2024 · 3.41
Debt to equity
0.23▼
2024 · 0.32
ROE
4.6%▲
2024 · -13.8%
Interest coverage
0.68▲
2024 · -4.14
Debt ≤ 1 year
€18,295▼
2024 · €24,360
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,739 | - | €137 | €137 | €137 | = |
| Other operating charges640/8 | €416 | €396 | €450 | €457 | €471 | ▲ 3.2% |
| Gross operating margin9900 | €6,376 | €2,373 | €6,399 | -€12,098 | €2,254 | ▲ 119% |
| Operating profit (loss)9901 | €3,221 | €1,977 | €5,811 | -€12,692 | €1,646 | ▲ 113% |
| Financial income75/76B | €5,001 | €5,048 | €4,806 | €5,172 | €4,695 | ▼ 9.2% |
| Recurring financial income75 | €5,001 | €5,048 | €4,806 | €5,172 | €4,695 | ▼ 9.2% |
| Financial charges65/66B | €4,364 | €3,496 | €2,002 | €3,036 | €2,639 | ▼ 13.1% |
| Recurring financial charges65 | €4,364 | €3,496 | €2,002 | €3,036 | €2,639 | ▼ 13.1% |
| Profit (loss) for the period before taxes9903 | €3,857 | €3,529 | €8,616 | -€10,556 | €3,702 | ▲ 135% |
| Profit (loss) for the period9904 | €3,857 | €3,529 | €8,616 | -€10,556 | €3,702 | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €3,857 | €3,529 | €8,616 | -€10,556 | €3,702 | ▲ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138,832 | €93,982 | €114,230 | €100,969 | €98,607 | ▼ 2.3% |
| Fixed assets21/28 | - | - | €274 | €137 | - | - |
| Tangible fixed assets22/27 | - | - | €274 | €137 | - | - |
| Furniture and vehicles24 | - | - | €274 | €137 | - | - |
| Current assets29/58 | €138,832 | €93,982 | €113,956 | €100,832 | €98,607 | ▼ 2.2% |
| Stocks and contracts in progress3 | €17,858 | €17,369 | €18,120 | €17,677 | €15,929 | ▼ 9.9% |
| Stocks30/36 | €17,858 | €17,369 | €18,120 | €17,677 | €15,929 | ▼ 9.9% |
| Amounts receivable within one year40/41 | €120,610 | €76,455 | €95,653 | €83,155 | €82,491 | ▼ 0.8% |
| Trade receivables40 | €33,716 | €198 | €16,969 | €2,412 | €889 | ▼ 63.1% |
| Other amounts receivable41 | €86,895 | €76,257 | €78,684 | €80,744 | €81,602 | ▲ 1.1% |
| Deferred charges and accrued income490/1 | €364 | €157 | €183 | - | €186 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138,832 | €93,982 | €114,230 | €100,969 | €98,607 | ▼ 2.3% |
| Equity10/15 | €75,020 | €78,549 | €87,165 | €76,609 | €80,311 | ▲ 4.8% |
| Contributions10/11 | €116,000 | €116,000 | €116,000 | €116,000 | €116,000 | = |
| Capital10 | €116,000 | €116,000 | €116,000 | €116,000 | €116,000 | = |
| Issued capital100 | €116,000 | €116,000 | €116,000 | €116,000 | €116,000 | = |
| Reserves13 | €11,600 | €11,600 | €11,600 | €11,600 | €11,600 | = |
| Non-distributable reserves130/1 | €11,600 | €11,600 | €11,600 | €11,600 | €11,600 | = |
| Legal reserve130 | €11,600 | €11,600 | €11,600 | €11,600 | €11,600 | = |
| Profit (loss) carried forward14 | -€52,580 | -€49,051 | -€40,435 | -€50,991 | -€47,289 | ▲ 7.3% |
| Amounts payable17/49 | €63,813 | €15,433 | €27,065 | €24,360 | €18,295 | ▼ 24.9% |
| Amounts payable within one year42/48 | €63,813 | €15,433 | €27,065 | €24,360 | €18,295 | ▼ 24.9% |
| Current portion of amounts payable after more than one year42 | €1,823 | - | - | - | - | - |
| Financial debts43 | €39,916 | €14,639 | €17,137 | €22,676 | €5,623 | ▼ 75.2% |
| Credit institutions430/8 | €39,916 | €14,639 | €17,137 | €22,676 | €5,623 | ▼ 75.2% |
| Trade debts44 | €22,074 | €794 | €9,353 | €1,683 | €10,282 | ▲ 511% |
| Suppliers440/4 | €22,074 | €794 | €9,353 | €1,683 | €10,282 | ▲ 511% |
| Taxes, remuneration and social security45 | - | - | €574 | - | €2,390 | - |
| Taxes450/3 | - | - | €574 | - | €2,390 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,857 | €3,529 | €8,616 | -€10,556 | €3,702 | ▲ 135% |
| + Depreciation and write-downs630 | €2,739 | - | €137 | €137 | €137 | = |
| Operating cash flow (approximation) | €6,596 | €3,529 | €8,753 | -€10,419 | €3,839 | ▲ 137% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - | - |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €3,702
Net result €3,702 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
31-12
Financial
Highest result since 2018net €8,616 ▲144%
Operating result €5,811, net result €8,616, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 6.09
Current ratio from 2.18 to 6.09; short-term debt falls from €63,813 to €15,433.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 8 days late
2021
31-12
Financial
Back to profitnet €3,857
Net result €3,857 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 55 days late
2019
31-12
Financial
Back to profitnet €940
Net result €940 after one loss-making year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 44 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 1989
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.
Venelle de la Closière 21342 Ottignies-Louvain-la-Neuve1 establishment unit
GALAXY - TECH
since 19892.044.807.114
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Of 505 companies in sector 46841 we hold annual accounts for 365. 179 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-06-1989
Fiscal year end31-12
Abbreviation FR
G. TECH ou G T
Activities, NACEBEL 2025
46841Wholesale trade
43240Other construction installation
43350Other building finishing work
46831Wholesale of construction materials, general range
68310Real estate agency activities
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437659347
Also
9925:BE0437659347
Registered
29-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.