GALE - ART CONSTRUCT
ActiveSummary
GALE - ART CONSTRUCT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €53,780 and a net result of €42,444. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 36381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+77
Solvency34▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.0 against 0.9 in 2023; short-term debt: 89.8% and cash: 4.2% of total assets), and 91.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
8.8%
Return on assets
6.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 36381 sector peers (2024).
NBB · sector comparisonPosition among 36381 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-10-2025, 77 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
77 d late
2023
216 d late
2022
66 d late
2021
148 d late
2020
61 d late
2019
67 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 84 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 company by total assets in Braives, Construction sector#6 oldest company in Braives, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42,444
2023 · -€125,639
Working capital
€2,697
2023 · -€47,524
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Operating result€59,870▲ 49.3%€52,922▼ 11.6%€51,392▼ 2.9%-€123,650€48,919
Net result€37,104above the sector's middle half▲ 1.0%€34,486within the sector's middle half▼ 7.1%€36,666within the sector's middle half▲ 6.3%-€125,639below the sector's middle half€42,444above the sector's middle half
Equity€77,822within the sector's middle half▲ 91.1%€112,309within the sector's middle half▲ 44.3%€136,974within the sector's middle half▲ 22.0%€11,335below the sector's middle half▼ 91.7%€53,780within the sector's middle half▲ 374%
Total assets€321,450above the sector's middle half▲ 56.8%€380,524within the sector's middle half▲ 18.4%€427,623within the sector's middle half▲ 12.4%€539,781above the sector's middle half▲ 26.2%€612,747above the sector's middle half▲ 13.5%
Debt€243,628▲ 48.3%€268,215▲ 10.1%€290,648▲ 8.4%€528,446▲ 81.8%€558,967▲ 5.8%
Working capital€29,899within the sector's middle half▲ 193%€37,778within the sector's middle half▲ 26.4%€75,691within the sector's middle half▲ 100%-€47,524below the sector's middle half€2,697below the sector's middle half
Solvency24.2%within the sector's middle half▲ 4.3pp29.5%within the sector's middle half▲ 5.3pp32.0%within the sector's middle half▲ 2.5pp2.1%below the sector's middle half▼ 29.9pp8.8%below the sector's middle half▲ 6.7pp
Current ratio1.18within the sector's middle half▲ 0.111.23within the sector's middle half▲ 0.051.34within the sector's middle half▲ 0.110.90below the sector's middle half▼ 0.431.00below the sector's middle half▲ 0.10
Return on assets (ROA)11.5%within the sector's middle half▼ 6.4pp9.1%within the sector's middle half▼ 2.5pp8.6%within the sector's middle half▼ 0.5pp-23.3%below the sector's middle half▼ 31.9pp6.9%within the sector's middle half▲ 30.2pp
Staff (FTE)2.9within the sector's middle half▲ 16.0%2.3below the sector's middle half▼ 20.7%3.1below the sector's middle half▲ 34.8%3.4▲ 9.7%2.5▼ 26.5%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 2024: €48,919 after a loss of €123,650 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €612,747
Fixed assets
€59,984 ▼ 39.9%
Current assets
€552,762 ▲ 25.6%
Equity and liabilities €612,747
Equity
€53,780 ▲ 374%
Debt
€558,967 ▲ 5.8%
Debt's share of the balance-sheet total falls from 97.9% to 91.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90,754▲
2023 · -€80,946
Cash flow
€84,280▲
2023 · -€82,936
Quick ratio
0.46▼
2023 · 0.78
Debt to equity
10.39▼
2023 · 46.62
ROE
78.9%
Interest coverage
8.74▲
2023 · -13.33
Debt ≤ 1 year
€550,066▲
2023 · €487,510
Debt > 1 year
€7,799▼
2023 · €36,110
Income taxes
€433▼
2023 · €463
Staff costs
€67,370▼
2023 · €76,497
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.9%
went bankrupt
4.6%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 931 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €49,988 | €48,390 | €76,497 | €67,370 | ▼ 11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,251 | €41,082 | €49,006 | €42,704 | €41,836 | ▼ 2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €162,571 | -€73,762 | - | - | - |
| Other operating charges640/8 | - | €8,465 | €1,883 | €2,747 | €6,833 | ▲ 149% |
| Gross operating margin9900 | €164,509 | €315,028 | €76,908 | -€1,702 | €164,957 | ▲ 9,791% |
| Operating profit (loss)9901 | €59,870 | €52,922 | €51,392 | -€123,650 | €48,919 | ▲ 140% |
| Financial income75/76B | - | €806 | €648 | €4,548 | €4,343 | ▼ 4.5% |
| Recurring financial income75 | €6 | €806 | €648 | €4,548 | €4,343 | ▼ 4.5% |
| Financial charges65/66B | - | €4,830 | €4,332 | €6,075 | €10,384 | ▲ 70.9% |
| Recurring financial charges65 | €6,844 | €4,830 | €4,332 | €6,075 | €10,384 | ▲ 70.9% |
| Profit (loss) for the period before taxes9903 | €53,033 | €48,897 | €47,707 | -€125,177 | €42,877 | ▲ 134% |
| Income taxes67/77 | €15,929 | €14,411 | €11,042 | €463 | €433 | ▼ 6.5% |
| Profit (loss) for the period9904 | €37,104 | €34,486 | €36,666 | -€125,639 | €42,444 | ▲ 134% |
| Profit (loss) for the period to be appropriated9905 | €37,104 | €34,486 | €36,666 | -€125,639 | €42,444 | ▲ 134% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €321,450 | €380,524 | €427,623 | €539,781 | €612,747 | ▲ 13.5% |
| Fixed assets21/28 | €123,004 | €176,570 | €127,564 | €99,795 | €59,984 | ▼ 39.9% |
| Tangible fixed assets22/27 | €122,426 | €175,248 | €126,242 | €99,217 | €59,406 | ▼ 40.1% |
| Plant, machinery and equipment23 | - | €18,150 | €13,247 | €12,557 | €9,267 | ▼ 26.2% |
| Furniture and vehicles24 | - | €157,098 | €112,996 | €86,660 | €50,139 | ▼ 42.1% |
| Financial fixed assets28 | €578 | €1,322 | €1,322 | €578 | €578 | = |
| Current assets29/58 | €198,446 | €203,954 | €300,059 | €439,986 | €552,762 | ▲ 25.6% |
| Stocks and contracts in progress3 | - | - | €130,000 | €60,000 | €297,500 | ▲ 396% |
| Contracts in progress37 | - | - | €130,000 | €60,000 | €297,500 | ▲ 396% |
| Amounts receivable within one year40/41 | €71,686 | €157,311 | €159,758 | €377,764 | €228,248 | ▼ 39.6% |
| Trade receivables40 | - | €125,627 | €51,931 | €263,057 | €154,058 | ▼ 41.4% |
| Other amounts receivable41 | - | €31,685 | €107,827 | €114,707 | €74,191 | ▼ 35.3% |
| Cash at bank and in hand54/58 | €119,391 | €44,581 | €1,820 | €1,196 | €26,013 | ▲ 2,076% |
| Deferred charges and accrued income490/1 | - | €2,062 | €8,480 | €1,027 | €1,001 | ▼ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €321,450 | €380,524 | €427,623 | €539,781 | €612,747 | ▲ 13.5% |
| Equity10/15 | €77,822 | €112,309 | €136,974 | €11,335 | €53,780 | ▲ 374% |
| Contributions10/11 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €51,373 | €85,373 | €107,373 | €107,373 | €107,373 | = |
| Non-distributable reserves130/1 | - | €3,555 | €3,555 | €3,555 | €3,555 | = |
| Reserves not available under the articles1311 | - | €3,555 | €3,555 | €3,555 | €3,555 | = |
| Distributable reserves133 | - | €81,818 | €103,818 | €103,818 | €103,818 | = |
| Profit (loss) carried forward14 | €20,252 | €20,739 | €23,404 | -€102,235 | -€59,791 | ▲ 41.5% |
| Amounts payable17/49 | €243,628 | €268,215 | €290,648 | €528,446 | €558,967 | ▲ 5.8% |
| Amounts payable after more than one year17 | €74,375 | €102,039 | €66,281 | €36,110 | €7,799 | ▼ 78.4% |
| Financial debts170/4 | - | €102,039 | €66,281 | €36,110 | €7,799 | ▼ 78.4% |
| Amounts payable within one year42/48 | €168,547 | €166,176 | €224,368 | €487,510 | €550,066 | ▲ 12.8% |
| Current portion of amounts payable after more than one year42 | - | €43,385 | €35,759 | €30,594 | €28,311 | ▼ 7.5% |
| Financial debts43 | - | - | €45,278 | €38,441 | €150,000 | ▲ 290% |
| Credit institutions430/8 | - | - | €45,278 | €38,441 | €150,000 | ▲ 290% |
| Trade debts44 | €98,688 | €79,249 | €91,931 | €257,934 | €114,962 | ▼ 55.4% |
| Suppliers440/4 | - | €79,249 | €91,931 | €257,934 | €114,962 | ▼ 55.4% |
| Advances received on contracts in progress46 | - | - | - | €122,600 | €122,600 | = |
| Taxes, remuneration and social security45 | - | €41,939 | €37,796 | €15,583 | €6,621 | ▼ 57.5% |
| Taxes450/3 | - | €37,582 | €29,874 | €12,349 | €2,603 | ▼ 78.9% |
| Remuneration and social security454/9 | - | €4,357 | €7,923 | €3,234 | €4,018 | ▲ 24.3% |
| Other amounts payable47/48 | - | €1,603 | €13,603 | €22,358 | €127,572 | ▲ 471% |
| Accrued charges and deferred income492/3 | - | - | - | €4,826 | €1,102 | ▼ 77.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,104 | €34,486 | €36,666 | -€125,639 | €42,444 | ▲ 134% |
| + Depreciation and write-downs630 | €20,251 | €41,082 | €49,006 | €42,704 | €41,836 | ▼ 2.0% |
| Operating cash flow (approximation) | €57,354 | €75,569 | €85,671 | -€82,936 | €84,280 | ▲ 202% |
| Investment in fixed assets (approximation) | - | -€94,648 | €0 | -€14,935 | -€2,025 | ▲ 86.4% |
| Change in cash | - | -€74,810 | -€42,761 | -€625 | €24,818 | ▲ 4,073% |
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
27-07
State Gazette act
Registered officeRegistered-office move4 facts ▸
State Gazette act
Registered office
Registered-office move4 facts ▸
- Board meeting, 23-07-2026
- Registered-office move, Rue du Bolland 18, 4260 Braives
- Other statement, galeartinfo@gmail.com, email address change
- Other statement, website address change, https://galeart.be
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 216 days late
2024
31-12
Financial
Back to profitnet €42,444
Net result €42,444 after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet -€125,639
Net result drops to -€125,639, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 66 days late
2022
26-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 148 days late
2021
31-12
Financial
Equity above €100,000Eq €112,309 ▲44.3%
3 profitable years in a row build equity to €112,309.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €36,744
Net result €36,744 after one loss-making year.
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
Show earlier events
2018
18-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 18 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 55 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Braives · 1 establishment unit since 2000
Ground area
3,201 m²
Building footprint
79 m²
Volume, LiDAR
514 m³
Parcel 64071B0407/00K000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Saule Gaillard(JEH) 100, 4540 Amay
since 20002.094.956.807
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64071B0407/00K000 | Wallonia | 3,201 m² | 1 · 79 m² | 8.0 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
1 categoryGALE - ART CONSTRUCT SRL41461
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 6,138 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-06-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
Contact
Website
galeart.be
E-mail
galeartinfo@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472085538
Also
9925:BE0472085538
Registered
01-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.