GALBIGA
ActiveGALBIGA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €249k and a net result of €156k. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 28% of 9098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency16▼-49
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.92 against 2.1 in 2024), and 90.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
9.6%
Return on assets
6%
Age of the figures
8 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
34 d early
2023
68 d late
2022
on the day
2021
61 d late
2020
12 d late
2019
39 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€249k▼ 58.0%
2024 · €593k
2018: €99k
2019: €162k
2020: €202k
2021: €293k
2022: €396k
2023: €518k
2024: €593k
2018 → 2025
Total assets
€2.59M▲ 21.2%
2024 · €2.14M
2018: €491k
2019: €1.13M
2020: €1.77M
2021: €928k
2022: €1.15M
2023: €1.65M
2024: €2.14M
2018 → 2025
Net result
€156k▲ 4.4%
2024 · €149k
2018: €79k
2019: €62k
2020: €40k
2021: €92k
2022: €103k
2023: €121k
2024: €149k
2018 → 2025
Working capital
€-100k
2024 · €502k
2018: €87k
2019: €91k
2020: €114k
2021: €89k
2022: €184k
2023: €528k
2024: €502k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€293k-€396k▲ 35.1%€518k▲ 30.5%€593k▲ 14.6%€249k▼ 58.0%
Operating result€110k-€140k▲ 26.8%€167k▲ 19.3%€213k▲ 27.7%€241k▲ 13.1%
Net result€92k-€103k▲ 12.4%€121k▲ 17.5%€149k▲ 23.2%€156k▲ 4.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 13% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.59M
Fixed assets
€1.38M▲ 16.7%
Current assets
€1.21M▲ 26.6%
Equity and liabilities €2.59M
Equity
€249k▼ 58.0%
Debt
€2.34M▲ 51.6%
The debt ratio rises from 72.3% to 90.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€333k▲
2024 · €293k
Cash flow
€248k▲
2024 · €228k
Solvency
9.6%▼
2024 · 27.7%
Current ratio
0.92▼
2024 · 2.10
Quick ratio
0.92▼
2024 · 2.10
Debt / equity
9.40▲
2024 · 2.60
ROE
62.6%▲
2024 · 25.2%
ROA
6.0%▼
2024 · 7.0%
Interest coverage
8.40▼
2024 · 11.87
Debt
€2.34M▲
2024 · €1.55M
Debt ≤ 1 year
€1.31M▲
2024 · €455k
Debt > 1 year
€1.03M▼
2024 · €1.09M
Income taxes
€54k▲
2024 · €47k
Staff costs
€304k▲
2024 · €146k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.14M€2.59M▲
Fixed assets21/28€1.18M€1.38M▲
Tangible fixed assets22/27€1.18M€1.38M▲
Land and buildings22€753k€720k▼
Plant, machinery and equipment23€79k€54k▼
Furniture and vehicles24€20k€64k▲
Other tangible fixed assets26€2k€2k▼
Assets under construction and advance payments27€326k€539k▲
Current assets29/58€957k€1.21M▲
Amounts receivable within one year40/41€532k€729k▲
Trade receivables40€314k€425k▲
Other amounts receivable41€217k€304k▲
Current investments50/53€185k€209k▲
Cash at bank and in hand54/58€240k€274k▲
Equity and liabilities
Total equity and liabilities10/49€2.14M€2.59M▲
Equity10/15€593k€249k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€571k€227k▼
Amounts payable17/49€1.55M€2.34M▲
Amounts payable after more than one year17€1.09M€1.03M▼
Financial debts170/4€1.09M€1.03M▼
Amounts payable within one year42/48€455k€1.31M▲
Current portion of amounts payable after more than one year42€71k€60k▼
Trade debts44€229k€426k▲
Suppliers440/4€229k€426k▲
Advances received on contracts in progress46€39k€297k▲
Taxes, remuneration and social security45€42k€103k▲
Taxes450/3€22k€77k▲
Remuneration and social security454/9€20k€26k▲
Other amounts payable47/48€74k€426k▲
Income statement
Code20242025
Remuneration, social security and pensions62€146k€304k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€92k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€8k
Other operating charges640/8€94k€36k▼
Non-recurring operating charges66A€350€6k▲
Gross operating margin9900€533k€687k▲
Operating profit (loss)9901€213k€241k▲
Financial income75/76B€7k€8k▲
Recurring financial income75€7k€8k▲
Financial charges65/66B€25k€40k▲
Recurring financial charges65€25k€40k▲
Profit (loss) for the period before taxes9903€196k€209k▲
Income taxes67/77€47k€54k▲
Profit (loss) for the period9904€149k€156k▲
Profit (loss) for the period to be appropriated9905€149k€156k▲
Appropriation of the result
Profit (loss) to be appropriated9906€645k€727k▲
Profit (loss) brought forward from the previous period14P€496k€571k▲
Profit to be distributed694/7€74k€500k▲
Return on contributions (dividend)694€74k€500k▲
Social balance
Average headcount (FTE)90872.14.3▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €156k ▲4.4%
Operating result €241k, net result €156k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
Financial
Equity above €500kEq €518k ▲30.5%
6 profitable years in a row build equity to €518k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
31-12
Financial
Weakest financial yearnet €40k ▼35.5%
Net result drops to €40k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €202k ▲24.9%
3 profitable years in a row build equity to €202k.
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
31-12
Financial
Equity above €150kEq €162k ▲62.9%
2 profitable years in a row build equity to €162k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zandhoven · 1 establishment unit since 2018
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.
Parochiestraat 152240 ZandhovenGround area
933 m²
Building footprint
137 m²
Volume, LiDAR
697 m³
Parcel 11046B0383/00E000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GALBIGA
since 20182.276.875.159
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11046B0383/00E000 | Flanders | 933 m² | 1 · 137 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 499 EUR awarded · 484 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 464 EUR | 449 EUR |
| 2023 | 1 | 35 EUR | 35 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesGALBIGA BV39961
Similar companies · same sector, comparable size
SENELCO
BE 0896.499.932
Genappe · Eq €249k
D. CALLENS
BE 0889.405.668
Menen · Eq €249k
DAVY VERDURMEN
BE 0829.633.476
Stekene · Eq €249k
ELEK DEPO
BE 0461.179.174
Kruisem · Eq €249k
RUSNAK
BE 0771.463.962
Herselt · Eq €249k
Of 29,535 companies in sector 41001 we hold annual accounts for 15,871. 11,400 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-02-2018
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:jan@galbiga.be