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GALICE

Active
Private limited company (pre-2019)founded 20188 yrs activeAvenue Blonden 2, 4000 Liège, BelgiumKBO/BCE: BE 0689.955.159
Summary

The computed 12-month bankruptcy probability of GALICE is 4.4% (elevated). The 2024 annual accounts show negative equity (-€22,019) and a net result of €0. Equity is shrinking by ~19.1% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability.
Bankruptcy probability: Elevated
Axes · tick = 2023
Profitability-
Solvency-
Growth58=
Track record100
Bankruptcy probability, 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 7 filings
Deviation from the deadline
2025
not confirmed
2024
30 d late
2023
on the day
2022
31 d late
2021
29 d late
2020
88 d late
2019
118 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 49 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

GALICE was incorporated on 9 February 2018.1 Total assets fell from EUR 35,947 in 2018 to EUR 20,104 in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2022

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Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€0
2023 · -€1,566
Working capital
-€22,019▼ 7.7%
2022 · -€20,452
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
Line20202021202220232024
Operating result-€17,984▼ 483%-€455▲ 97.5%€0-€1,566€0
Net result-€18,256▼ 368%-€649▲ 96.4%€0-€1,566€0
Equity-€19,803▼ 1,180%-€20,452▼ 3.3%-€20,452=-€22,019▼ 7.7%-€22,019=
Total assets€23,966▼ 73.8%€20,104▼ 16.1%€20,104=€0▼ 100%
Debt€43,769▼ 52.9%€40,556▼ 7.3%€40,556=€22,019▼ 45.7%€22,019=
Working capital-€19,803▲ 23.7%-€20,452▼ 3.3%-€20,452=-€22,019▼ 7.7%
Staff (FTE)
Result per fiscal year
Operating resultNet result
-€20,000-€15,000-€10,000-€5,000€0Operating result 2020: -€17,984-€17,984Net result 2020: -€18,256-€18,256Operating result 2021: -€455-€455Net result 2021: -€649-€649Operating result 2022: €0€0Net result 2022: €0€0Operating result 2023: -€1,566-€1,566Net result 2023: -€1,566-€1,566Operating result 2024: €0€0Net result 2024: €0€020202021202220232024-€2,000-€1,500-€1,000-€500€0Operating result 2022: €0€0Net result 2022: €0€0Operating result 2023: -€1,566-€1,570Net result 2023: -€1,566-€1,570Operating result 2024: €0€0Net result 2024: €0€0202220232024
The operating result is zero in 2024, compared with -€1,566 in 2023.
Key figures and ratios
2024 value · change against 2023
Debt to equity
-1.00
Debt ≤ 1 year
€22,019=
2023 · €22,019
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 23 lines
Balance sheet Code20232024
Assets
Total assets20/58€0-
Current assets29/58€0-
Amounts receivable within one year40/41€0-
Trade receivables40€0-
Other amounts receivable41€0-
Cash at bank and in hand54/58€0-
Equity and liabilities
Total equity and liabilities10/49€0€0=
Equity10/15-€22,019-€22,019=
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€40,619-€40,619=
Amounts payable17/49€22,019€22,019=
Amounts payable within one year42/48€22,019€22,019=
Trade debts44€0-
Suppliers440/4€0-
Other amounts payable47/48€22,019€22,019=
Income statement Code20232024
Other operating charges640/8€8,042-
Gross operating margin9900€6,476€0▼
Operating profit (loss)9901-€1,566€0▲
Profit (loss) for the period before taxes9903-€1,566€0▲
Profit (loss) for the period9904-€1,566€0▲
Profit (loss) for the period to be appropriated9905-€1,566€0▲
Appropriation of the result
Profit (loss) to be appropriated9906-€40,619-€40,619=
Profit (loss) brought forward from the previous period14P-€39,052-€40,619▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Goods, raw materials, services and sundry goods60/61-€1,824----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-----
Other operating charges640/8---€8,042--
Gross operating margin9900-€2,428-€455€0€6,476€0▼ 100%
Operating profit (loss)9901-€17,984-€455€0-€1,566€0▲ 100%
Financial charges65/66B-€194----
Recurring financial charges65€271€194----
Profit (loss) for the period before taxes9903-€18,256-€649€0-€1,566€0▲ 100%
Profit (loss) for the period9904-€18,256-€649€0-€1,566€0▲ 100%
Profit (loss) for the period to be appropriated9905-€18,256-€649€0-€1,566€0▲ 100%
Line20202021202220232024Change
Assets
Total assets20/58€23,966€20,104€20,104€0--
Fixed assets21/28€0-----
Tangible fixed assets22/27€0-----
Current assets29/58€23,966€20,104€20,104€0--
Stocks and contracts in progress3€0-----
Amounts receivable within one year40/41€23,957€20,022€20,022€0--
Trade receivables40-€19,022€19,022€0--
Other amounts receivable41-€1,000€1,000€0--
Cash at bank and in hand54/58€9€82€82€0--
Equity and liabilities
Total equity and liabilities10/49€23,966€20,104€20,104€0€0-
Equity10/15-€19,803-€20,452-€20,452-€22,019-€22,019=
Contributions10/11-€18,600€18,600€18,600€18,600=
Profit (loss) carried forward14-€38,403-€39,052-€39,052-€40,619-€40,619=
Amounts payable17/49€43,769€40,556€40,556€22,019€22,019=
Amounts payable within one year42/48€43,769€40,556€40,556€22,019€22,019=
Trade debts44€21,511€6,476€6,476€0--
Suppliers440/4-€6,476€6,476€0--
Taxes, remuneration and social security45-€0----
Remuneration and social security454/9-€0----
Other amounts payable47/48-€34,081€34,081€22,019€22,019=
Line20202021202220232024Change
Profit (loss) for the period9904-€18,256-€649€0-€1,566€0▲ 100%
+ Depreciation and write-downs630€0-----
Operating cash flow (approximation)-€18,256-€649€0-€1,566€0▲ 100%
Change in cash-€73€0-€82--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
27-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial Weakest financial yearnet -€18,256
Net result drops to -€18,256, the lowest in the series; recovery starts the following year.
26-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
22-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
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, Liège
exact location from the address register On OpenStreetMap
Ground area
337 m²
Building footprint
222 m²
Volume, LiDAR
7,548 m³
Parcel 62805B0394/00E000, Wallonia · tallest building 35.9 m, ±11 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62805B0394/00E000 Wallonia 337 m² 1 · 222 m² 35.9 m · 11 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded09-02-2018
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.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.