GALETTES DE LUC
ActiveGALETTES DE LUC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.69M and a net result of €404k. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 82% of 643 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-6
Solvency95▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 4.91 in 2024; short-term debt: 19.5% and cash: 24.6% of total assets), and 29.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 10
Relative position
BE, all sectors
reference
Sector 10
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
70.3%
Return on assets
10.5%
Age of the figures
9 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
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
49 d early
2023
55 d early
2022
25 d early
2021
45 d early
2020
23 d late
2019
52 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€404k▼ 27.4%
2024 · €556k
2018: €29k
2019: €326k
2020: €500k
2021: €522k
2022: €358k
2023: €387k
2024: €556k
2018 → 2025
Working capital
€1.02M▼ 34.4%
2024 · €1.56M
2018: €182k
2019: €234k
2020: €549k
2021: €806k
2022: €1.05M
2023: €1.21M
2024: €1.56M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.46M-€1.82M▲ 24.6%€2.13M▲ 17.4%€2.69M▲ 26.1%€2.69M▲ 0.2%
Operating result€688k-€509k▼ 26.0%€537k▲ 5.5%€781k▲ 45.4%€586k▼ 24.9%
Net result€522k-€358k▼ 31.4%€387k▲ 8.0%€556k▲ 43.9%€404k▼ 27.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.83M
Fixed assets
€2.06M▲ 26.4%
Current assets
€1.77M▼ 9.6%
Equity and liabilities €3.83M
Equity
€2.69M▲ 0.2%
Debt
€1.14M▲ 26.2%
The debt ratio rises from 25.1% to 29.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€832k▼
2024 · €1.02M
Cash flow
€650k▼
2024 · €797k
Solvency
70.3%▼
2024 · 74.9%
Current ratio
2.37▼
2024 · 4.91
Quick ratio
2.19▼
2024 · 4.48
Debt / equity
0.42▲
2024 · 0.34
ROE
15.0%▼
2024 · 20.7%
ROA
10.5%▼
2024 · 15.5%
Interest coverage
60.32▼
2024 · 64.27
Debt
€1.14M▲
2024 · €903k
Debt ≤ 1 year
€747k▲
2024 · €400k
Debt > 1 year
€393k▼
2024 · €480k
Income taxes
€170k▼
2024 · €218k
Staff costs
€1.43M▲
2024 · €1.31M
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€3.59M€3.83M▲
Fixed assets21/28€1.63M€2.06M▲
Intangible fixed assets21€46k€29k▼
Tangible fixed assets22/27€1.58M€2.03M▲
Land and buildings22€1.29M€1.79M▲
Plant, machinery and equipment23€151k€126k▼
Furniture and vehicles24€143k€115k▼
Financial fixed assets28€540€540=
Current assets29/58€1.96M€1.77M▼
Stocks and contracts in progress3€170k€138k▼
Stocks30/36€170k€138k▼
Amounts receivable within one year40/41€507k€668k▲
Trade receivables40€492k€466k▼
Other amounts receivable41€15k€202k▲
Current investments50/53-€12k
Cash at bank and in hand54/58€1.23M€941k▼
Deferred charges and accrued income490/1€54k€12k▼
Equity and liabilities
Total equity and liabilities10/49€3.59M€3.83M▲
Equity10/15€2.69M€2.69M▲
Contributions10/11€20k€20k=
Reserves13€2.25M€2.25M▲
Tax-exempt reserves132€38k€38k=
Distributable reserves133€2.21M€2.21M▲
Profit (loss) carried forward14€422k€422k▲
Amounts payable17/49€903k€1.14M▲
Amounts payable after more than one year17€480k€393k▼
Financial debts170/4€480k€393k▼
Amounts payable within one year42/48€400k€747k▲
Current portion of amounts payable after more than one year42€121k€91k▼
Trade debts44€122k€73k▼
Suppliers440/4€122k€73k▼
Taxes, remuneration and social security45€156k€207k▲
Taxes450/3€30k€65k▲
Remuneration and social security454/9€126k€142k▲
Other amounts payable47/48€134€376k▲
Accrued charges and deferred income492/3€24k-
Income statement
Code20242025
Remuneration, social security and pensions62€1.31M€1.43M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€241k€246k▲
Other operating charges640/8€13k€116k▲
Gross operating margin9900€2.35M€2.38M▲
Operating profit (loss)9901€781k€586k▼
Financial income75/76B€9k€2k▼
Recurring financial income75€9k€2k▼
Financial charges65/66B€16k€14k▼
Recurring financial charges65€16k€14k▼
Profit (loss) for the period before taxes9903€774k€574k▼
Income taxes67/77€218k€170k▼
Profit (loss) for the period9904€556k€404k▼
Profit (loss) for the period to be appropriated9905€556k€404k▼
Appropriation of the result
Profit (loss) to be appropriated9906€672k€826k▲
Profit (loss) brought forward from the previous period14P€115k€422k▲
Transfer from equity791/2-€400k
Transfer to equity691/2€250k€404k▲
To other reserves6921€250k€404k▲
Profit to be distributed694/7-€400k
Directors or managers695-€400k
Social balance
Average headcount (FTE)908724.725.3▲
The notes to these accounts (14 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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €556k ▲43.9%
Operating result €781k, net result €556k, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €2MEq €2.13M ▲17.4%
6 profitable years in a row build equity to €2.13M.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
31-12
Financial
Equity above €1MEq €1.09M ▲79.8%
3 profitable years in a row build equity to €1.09M.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €500kEq €608k ▲43.2%
2 profitable years in a row build equity to €608k.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Houyet · 1 establishment unit since 2011
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.
Route d'Achêne, Celles 6B5561 HouyetGround area
4,553 m²
Building footprint
1,055 m²
Parcel 91026A0020/00T000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Route d'Achêne, Celles 6b, 5561 Houyet
since 20112.201.073.916
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91026A0020/00T000 | Wallonia | 4,553 m² | 1 · 1,055 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHouyet2.201.073.916
Legal Entity Identifier
8755007HX5WUONAE1Y12
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Of 430 companies in sector 10720 we hold annual accounts for 139. 63 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2011
Fiscal year end31-12
Activities, NACEBEL
10720Manufacture of food products
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.galettes-de-luc.be
E-mail:luc@galettes.be