GALICO
ActiveGALICO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.64M and a net result of €8k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 58% of 6006 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
76
/ 100
Excellent▼ -24 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability17▼-48
Solvency95▼-1
Growth47▼-18
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 3.16 in 2023), but 50.4% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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 2024Solvency, return and age of the figures
Solvency
49.6%
Return on assets
0%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
44 d early
2022
38 d early
2021
47 d early
2020
46 d early
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€17.00M▼ 2.9%
2023 · €17.50M
2018: €16.19M
2019: €19.15M
2020: €23.30M
2021: €25.29M
2022: €18.68M
2023: €17.50M
2018 → 2024
EBIT margin
1.2%▼ 8.6pp
2023 · 9.8%
2018: 2.0%
2019: 1.6%
2020: 3.6%
2021: 3.4%
2022: 6.5%
2023: 9.8%
2018 → 2024
Net result
€8k▼ 99.3%
2023 · €1.07M
2018: €89k
2019: €-149k
2020: €339k
2021: €443k
2022: €742k
2023: €1.07M
2018 → 2024
Working capital
€5.69M▼ 8.3%
2023 · €6.21M
2018: €3.14M
2019: €3.66M
2020: €4.20M
2021: €4.38M
2022: €5.23M
2023: €6.21M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€23.30M-€25.29M▲ 8.5%€18.68M▼ 26.1%€17.50M▼ 6.3%€17.00M▼ 2.9%
Equity€5.37M-€5.82M▲ 8.2%€6.56M▲ 12.8%€7.63M▲ 16.3%€7.64M▲ 0.1%
Operating result€832k-€870k▲ 4.5%€1.21M▲ 38.6%€1.71M▲ 41.7%€200k▼ 88.3%
Net result€339k-€443k▲ 30.4%€742k▲ 67.6%€1.07M▲ 44.3%€8k▼ 99.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 88% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15.40M
Fixed assets
€5.56M▼ 4.2%
Current assets
€9.85M▲ 8.4%
Equity and liabilities €15.40M
Equity
€7.64M▲ 0.1%
Debt
€7.77M▲ 7.1%
The debt ratio rises from 48.7% to 50.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€917k▼
2023 · €2.40M
Cash flow
€725k▼
2023 · €1.77M
Solvency
49.6%▼
2023 · 51.3%
Current ratio
2.37▼
2023 · 3.16
Quick ratio
0.87▼
2023 · 1.32
Debt / equity
1.02▲
2023 · 0.95
ROE
0.1%▼
2023 · 14.0%
ROA
0.0%▼
2023 · 7.2%
Interest coverage
9.85▼
2023 · 39.91
Debt
€7.77M▲
2023 · €7.25M
Debt ≤ 1 year
€4.16M▲
2023 · €2.87M
Debt > 1 year
€3.60M▼
2023 · €4.34M
Income taxes
€20k▼
2023 · €371k
Staff costs
€1.56M▲
2023 · €1.49M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€14.88M€15.40M▲
Fixed assets21/28€5.80M€5.56M▼
Intangible fixed assets21€58k€294k▲
Tangible fixed assets22/27€5.72M€5.24M▼
Land and buildings22€5.12M€4.63M▼
Plant, machinery and equipment23€249k€265k▲
Furniture and vehicles24€150k€97k▼
Leasing and similar rights25€208k€166k▼
Assets under construction and advance payments27-€83k
Financial fixed assets28€20k€20k=
Other financial fixed assets284/8€20k€20k=
Amounts receivable and cash guarantees285/8€20k€20k=
Current assets29/58€9.08M€9.85M▲
Stocks and contracts in progress3€5.30M€6.23M▲
Stocks30/36€5.30M€6.23M▲
Goods purchased for resale34€4.74M€5.54M▲
Advance payments36€561k€692k▲
Amounts receivable within one year40/41€2.40M€2.53M▲
Trade receivables40€1.74M€2.26M▲
Other amounts receivable41€659k€261k▼
Current investments50/53€200k€384k▲
Other investments51/53€200k€384k▲
Cash at bank and in hand54/58€1.16M€631k▼
Deferred charges and accrued income490/1€16k€73k▲
Equity and liabilities
Total equity and liabilities10/49€14.88M€15.40M▲
Equity10/15€7.63M€7.64M▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€7.50M€7.51M▲
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€898k€1.07M▲
Distributable reserves133€6.59M€6.43M▼
Amounts payable17/49€7.25M€7.77M▲
Amounts payable after more than one year17€4.34M€3.60M▼
Financial debts170/4€4.34M€3.60M▼
Leasing and similar obligations172€156k€105k▼
Credit institutions173€4.19M€3.50M▼
Amounts payable within one year42/48€2.87M€4.16M▲
Current portion of amounts payable after more than one year42€920k€841k▼
Financial debts43-€1.40M
Credit institutions430/8-€1.40M
Trade debts44€1.54M€1.44M▼
Suppliers440/4€1.54M€1.44M▼
Taxes, remuneration and social security45€294k€308k▲
Taxes450/3€93k€112k▲
Remuneration and social security454/9€201k€196k▼
Other amounts payable47/48€115k€169k▲
Accrued charges and deferred income492/3€38k€10k▼
Income statement
Code20232024
Operating income70/76A€17.60M€17.08M▼
Turnover70€17.50M€17.00M▼
Other operating income74€64k€74k▲
Non-recurring operating income76A€35k-
Operating charges60/66A€15.89M€16.88M▲
Goods for resale, raw materials and consumables60€8.86M€8.70M▼
Purchases600/8€9.40M€9.54M▲
Change in stocks: decrease (increase)609€-533k€-834k▼
Services and other goods61€4.74M€5.81M▲
Remuneration, social security and pensions62€1.49M€1.56M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€695k€717k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€14k€37k▲
Other operating charges640/8€88k€39k▼
Operating profit (loss)9901€1.71M€200k▼
Financial income75/76B€102k€165k▲
Recurring financial income75€102k€165k▲
Income from current assets751€19k€7k▼
Other financial income752/9€82k€158k▲
Financial charges65/66B€368k€338k▼
Recurring financial charges65€368k€338k▼
Debt charges650€60k€93k▲
Other financial charges652/9€308k€244k▼
Profit (loss) for the period before taxes9903€1.44M€28k▼
Income taxes67/77€371k€20k▼
Taxes670/3€371k€20k▼
Profit (loss) for the period9904€1.07M€8k▼
Transfer to tax-exempt reserves689€421k€168k▼
Profit (loss) for the period to be appropriated9905€649k€-161k▼
Appropriation of the result
Profit (loss) to be appropriated9906€649k€-161k▼
Transfer from equity791/2-€161k
From reserves792-€161k
Transfer to equity691/2€649k-
To other reserves6921€649k-
Social balance
Average headcount (FTE)908728.127.6▼
The notes to these accounts (86 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €1.07M ▲44.3%
Operating result €1.71M, net result €1.07M, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €339k
Net result €339k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
31-12
Financial
Weakest financial yearnet €-149k ▼267%
Net result drops to €-149k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 25 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Anzegem · 1 establishment unit since 2014
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.
Oudenaardestraat 498570 AnzegemGround area
6.0 ha
Building footprint
1.7 ha
Volume, LiDAR
88,923 m³
2 parcels, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Galico
since 20142.229.673.771
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038A0572/00V000 | Flanders | 3.0 ha | 1 · 1.3 ha | 13.6 m |
| 34038A0572/00X000 | Flanders | 3.0 ha | 1 · 3,249 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SERAX
BE 0430.067.019
Kontich · Eq €7.66M
KNOLL INTERNATIONAL
BE 0424.905.530
Brussel · Eq €7.75M
FALCO INVEST
BE 0459.430.503
Kortrijk · Eq €7.49M
GAASCH PACKAGING
BE 0404.889.282
Asse · Eq €7.78M
DU PONT
BE 0430.459.769
Grobbendonk · Eq €7.44M
Of 674 companies in sector 46494 we hold annual accounts for 527. 166 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-10-1994
Fiscal year end31-12
Activities, NACEBEL
46494Wholesale of non-electrical household articles
46841Wholesale trade
51471
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47990Retail trade
52630
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.