GALEA
ActiveSummary
The computed 12-month bankruptcy probability of GALEA is 2.9% (moderate). For GALEA, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€39,783) and a net result of €15,522. Equity is growing by ~11.5% per year across the filed fiscal years. The company has been active since 2003 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability76▲+5
Solvency10▲+3
Growth78=
Track record92
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2023Solvency, return and age of the figures
Solvency
-15.3%
Return on assets
6%
Age of the figures
33 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-02-2025, 195 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
195 d late
2022
101 d late
2021
141 d late
2020
31 d late
2019
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 110 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
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Financials · fiscal year 2023, micro schema
Equity
-€39,783▲ 28.1%
2022 · -€55,305
Total assets
€259,370▼ 13.4%
2022 · €299,636
Net result
€15,522▲ 209%
2022 · €5,021
Working capital
-€279,670▲ 5.0%
2022 · -€294,374
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€8,273▲ 64.9%€18,083▲ 119%€3,373▼ 81.3%€5,695▲ 68.8%€16,342▲ 187%
Net result€5,408▲ 210%€14,319▲ 165%€376▼ 97.4%€5,021▲ 1,234%€15,522▲ 209%
Equity-€75,021▲ 6.7%-€60,702▲ 19.1%-€60,326▲ 0.6%-€55,305▲ 8.3%-€39,783▲ 28.1%
Total assets€60,221▲ 42.0%€49,469▼ 17.9%€156,525▲ 216%€299,636▲ 91.4%€259,370▼ 13.4%
Debt€135,242▲ 10.1%€110,171▼ 18.5%€216,851▲ 96.8%€354,941▲ 63.7%€299,153▼ 15.7%
Working capital-€59,770▼ 4.6%-€54,004▲ 9.6%-€60,148▼ 11.4%-€294,374▼ 389%-€279,670▲ 5.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 187% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €259,370
Fixed assets
€254,056 ▼ 2.8%
Current assets
€5,314 ▼ 86.1%
Key figures and ratios
EBITDA
€23,673▲
2022 · €13,026
Cash flow
€22,853▲
2022 · €12,352
Solvency
-15.3%▲
2022 · -18.5%
Current ratio
0.02▼
2022 · 0.11
Debt to equity
-7.52▼
2022 · -6.42
ROA
6.0%▲
2022 · 1.7%
Interest coverage
28.88▲
2022 · 19.29
Debt ≤ 1 year
€284,985▼
2022 · €332,623
Debt > 1 year
€14,169▼
2022 · €22,318
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,792 | €1,792 | €1,792 | €7,331 | €7,331 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,765 | - | - | - |
| Other operating charges640/8 | - | - | €1,659 | €788 | €50 | ▼ 93.7% |
| Gross operating margin9900 | €11,704 | €21,935 | €8,589 | €13,814 | €23,723 | ▲ 71.7% |
| Operating profit (loss)9901 | €8,273 | €18,083 | €3,373 | €5,695 | €16,342 | ▲ 187% |
| Financial income75/76B | - | - | €1 | €1 | - | - |
| Recurring financial income75 | €0 | - | €1 | €1 | - | - |
| Financial charges65/66B | - | - | €1,696 | €675 | €820 | ▲ 21.4% |
| Recurring financial charges65 | €2,865 | €2,463 | €1,696 | €675 | €820 | ▲ 21.4% |
| Profit (loss) for the period before taxes9903 | €5,408 | €15,621 | €1,678 | €5,021 | €15,522 | ▲ 209% |
| Income taxes67/77 | - | €1,302 | €1,302 | €0 | - | - |
| Profit (loss) for the period9904 | €5,408 | €14,319 | €376 | €5,021 | €15,522 | ▲ 209% |
| Profit (loss) for the period to be appropriated9905 | €5,408 | €14,319 | €376 | €5,021 | €15,522 | ▲ 209% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,221 | €49,469 | €156,525 | €299,636 | €259,370 | ▼ 13.4% |
| Fixed assets21/28 | €34,594 | €32,802 | €31,011 | €261,387 | €254,056 | ▼ 2.8% |
| Tangible fixed assets22/27 | €34,594 | €32,802 | €31,011 | €261,387 | €254,056 | ▼ 2.8% |
| Land and buildings22 | - | - | €31,011 | €261,387 | €254,056 | ▼ 2.8% |
| Current assets29/58 | €25,627 | €16,667 | €125,515 | €38,249 | €5,314 | ▼ 86.1% |
| Amounts receivable within one year40/41 | - | €1,302 | €20,019 | - | - | - |
| Trade receivables40 | - | - | €19,500 | - | - | - |
| Other amounts receivable41 | - | - | €519 | - | - | - |
| Cash at bank and in hand54/58 | €25,627 | €15,365 | €105,496 | €38,249 | €3,834 | ▼ 90.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,481 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,221 | €49,469 | €156,525 | €299,636 | €259,370 | ▼ 13.4% |
| Equity10/15 | -€75,021 | -€60,702 | -€60,326 | -€55,305 | -€39,783 | ▲ 28.1% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | - | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | - | - | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Non-distributable reserves130/1 | - | - | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | - | - | €7,500 | €7,500 | €7,500 | = |
| Profit (loss) carried forward14 | -€157,521 | -€143,202 | -€142,826 | -€137,805 | -€122,283 | ▲ 11.3% |
| Amounts payable17/49 | €135,242 | €110,171 | €216,851 | €354,941 | €299,153 | ▼ 15.7% |
| Amounts payable after more than one year17 | €49,845 | €39,500 | €31,188 | €22,318 | €14,169 | ▼ 36.5% |
| Financial debts170/4 | - | - | €31,188 | €22,318 | €14,169 | ▼ 36.5% |
| Amounts payable within one year42/48 | €85,398 | €70,671 | €185,663 | €332,623 | €284,985 | ▼ 14.3% |
| Current portion of amounts payable after more than one year42 | - | - | €8,312 | €8,537 | - | - |
| Financial debts43 | - | - | - | - | €7,528 | - |
| Credit institutions430/8 | - | - | - | - | €7,528 | - |
| Trade debts44 | - | - | - | €1,146 | €1,043 | ▼ 9.0% |
| Suppliers440/4 | - | - | - | €1,146 | €1,043 | ▼ 9.0% |
| Other amounts payable47/48 | - | - | €177,350 | €322,941 | €276,414 | ▼ 14.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,408 | €14,319 | €376 | €5,021 | €15,522 | ▲ 209% |
| + Depreciation and write-downs630 | €1,792 | €1,792 | €1,792 | €7,331 | €7,331 | = |
| Operating cash flow (approximation) | €7,200 | €16,111 | €2,168 | €12,352 | €22,853 | ▲ 85.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€237,708 | €0 | ▲ 100% |
| Change in cash | - | -€10,262 | €90,131 | -€67,246 | -€34,416 | ▲ 48.8% |
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
2025
11-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 195 days late
2024
08-03
KBO administration
Address struck
event 16-12-2023
2023
31-12
Financial
Highest result since 2018net €15,522 ▲209%
Net result €15,522, the highest in the series.
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 141 days late
2021
31-12
Financial
Weakest financial yearnet €376 ▼97.4%
Net result drops to €376, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Ukkel · 1 establishment unit since 2003
Ground area
2.3 ha
Building footprint
1,432 m²
Volume, LiDAR
42,624 m³
2 parcels, Brussels · tallest building 37.9 m, ±12 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
IMMO LALIA
since 20032.132.395.144
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0430/00L000 | Brussels | 1.9 ha | 1 · 742 m² | 30.6 m · 8 fl. |
| 21618B0424/00Y000 | Brussels | 4,504 m² | 1 · 690 m² | 37.9 m · 12 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.
Identification & contact
Identification
Legal formPublic limited company
Founded21-02-2003
Fiscal year end31-12
Contact
E-mail
irena.amromin@live.be
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.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.