GALAXY TELECOM
Dissolution or liquidationSignals
Three 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 31-12-2022 was due by 31-07-2023 and was filed on 24-10-2023, 85 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
2025
not confirmed
2024
not filed
2023
not filed
2022
85 d late
2021
85 d late
2018
125 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 98 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Turnover
€202,062▼ 5.5%
2018 · €213,769
EBIT margin
-2.4%▼ 0.8pp
2018 · -1.6%
Net result
€3,825
2021 · -€4,931
Working capital
€25,948▲ 103%
2021 · €12,775
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820212022
Turnover€213,769-€202,062-
Operating result-€3,388--€4,778-€5,968
Net result-€4,188--€4,931-€3,825
EBIT margin-1.6%--2.4%-
Equity€8,812-€12,775-€25,948▲ 103%
Total assets€55,306-€39,272-€91,472▲ 133%
Debt€46,494-€26,497-€65,524▲ 147%
Working capital€8,812-€12,775-€25,948▲ 103%
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 2022: €5,968 after a loss of €4,778 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €91,472
Equity
€25,948 ▲ 103%
Debt
€65,524 ▲ 147%
Debt's share of the balance-sheet total rises from 67.5% to 71.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.40▼
2021 · 1.48
Quick ratio
0.62▲
2021 · 0.42
Debt to equity
2.53▲
2021 · 2.07
ROE
14.7%▲
2021 · -38.6%
ROA
4.2%▲
2021 · -12.6%
Debt ≤ 1 year
€65,524▲
2021 · €26,497
Income taxes
€1,530
Staff costs
€35,441▲
2021 · €18,606
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | €213,769 | €202,062 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €184,544 | - | - |
| Remuneration, social security and pensions62 | - | €18,606 | €35,441 | ▲ 90.5% |
| Other operating charges640/8 | - | €3,690 | €1,100 | ▼ 70.2% |
| Gross operating margin9900 | €22,655 | €17,519 | €42,509 | ▲ 143% |
| Operating profit (loss)9901 | -€3,388 | -€4,778 | €5,968 | ▲ 225% |
| Financial charges65/66B | - | €153 | €613 | ▲ 300% |
| Recurring financial charges65 | €800 | €153 | €613 | ▲ 300% |
| Profit (loss) for the period before taxes9903 | -€4,188 | -€4,931 | €5,355 | ▲ 209% |
| Income taxes67/77 | - | - | €1,530 | - |
| Profit (loss) for the period9904 | -€4,188 | -€4,931 | €3,825 | ▲ 178% |
| Profit (loss) for the period to be appropriated9905 | -€4,188 | -€4,931 | €3,825 | ▲ 178% |
| Line | 2018 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €55,306 | €39,272 | €91,472 | ▲ 133% |
| Current assets29/58 | €55,306 | €39,272 | €91,472 | ▲ 133% |
| Stocks and contracts in progress3 | €30,163 | €28,139 | €50,633 | ▲ 79.9% |
| Stocks30/36 | - | €28,139 | €50,633 | ▲ 79.9% |
| Amounts receivable within one year40/41 | €567 | - | €14,547 | - |
| Other amounts receivable41 | - | - | €14,547 | - |
| Cash at bank and in hand54/58 | €24,449 | €11,023 | €26,292 | ▲ 139% |
| Deferred charges and accrued income490/1 | - | €110 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €55,306 | €39,272 | €91,472 | ▲ 133% |
| Equity10/15 | €8,812 | €12,775 | €25,948 | ▲ 103% |
| Contributions10/11 | €13,000 | €13,000 | €13,000 | = |
| Capital10 | - | €13,000 | €13,000 | = |
| Issued capital100 | - | €18,600 | €18,600 | = |
| Uncalled capital101 | - | €5,600 | €5,600 | = |
| Reserves13 | - | €235 | €724 | ▲ 208% |
| Non-distributable reserves130/1 | - | €235 | €724 | ▲ 208% |
| Legal reserve130 | - | €235 | €724 | ▲ 208% |
| Profit (loss) carried forward14 | -€4,188 | -€460 | €12,224 | ▲ 2,755% |
| Amounts payable17/49 | €46,494 | €26,497 | €65,524 | ▲ 147% |
| Amounts payable within one year42/48 | €46,494 | €26,497 | €65,524 | ▲ 147% |
| Trade debts44 | €1,347 | €7,424 | €50,649 | ▲ 582% |
| Suppliers440/4 | - | €7,424 | €50,649 | ▲ 582% |
| Taxes, remuneration and social security45 | - | €9,642 | €14,875 | ▲ 54.3% |
| Taxes450/3 | - | €1,478 | €6,556 | ▲ 344% |
| Remuneration and social security454/9 | - | €8,163 | €8,319 | ▲ 1.9% |
| Other amounts payable47/48 | - | €9,431 | - | - |
| Line | 2018 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,188 | -€4,931 | €3,825 | ▲ 178% |
| Operating cash flow (approximation) | -€4,188 | -€4,931 | €3,825 | ▲ 178% |
| Change in cash | - | - | €15,269 | - |
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
2026
28-04
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise francophone de Bruxelles · liquidator: Charles Dumont De Chassart · event 02-04-2026
2025
20-06
KBO administration
Address struck
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 85 days late
2022
31-12
Financial
Back to profitnet €3,825
Net result €3,825 after 2 loss-making years.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
31-12
Financial
Weakest financial yearnet -€4,931
Net result drops to -€4,931, the lowest in the series.
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 125 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2017
Ground area
645 m²
Building footprint
582 m²
Volume, LiDAR
5,651 m³
2 parcels, Brussels · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
280
companies at this address
See who is registered here
1 establishment unit
GALAXY TELECOM
since 20172.270.674.483
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0170/02B005 | Brussels | 336 m² | 1 · 340 m² | 21.1 m · 5 fl. |
| 21526D0069/02A005 | Brussels | 310 m² | 1 · 243 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company details
Identification
Legal formPrivate limited company
Founded23-11-2017
Fiscal year end31-12
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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.