GALIS
ActiveSummary
GALIS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,171 and a net result of -€16,960. Equity is growing by ~29.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-70
Solvency96▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 3.34 against 2.66 in 2024; short-term debt: 29.2% and cash: 6.8% of total assets), and 29.2% of the assets are financed with debt.
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Signals
Five 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
70.8%
Return on assets
-15%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
31 d early
2023
30 d late
2022
7 d late
2021
2 d early
2020
5 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€341,329
EBIT margin
1.7%
Net result
-€16,960
2024 · €1,894
Working capital
€77,441▼ 18.0%
2024 · €94,401
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Turnover
Operating result€51,225▲ 12.1%€43,464▼ 15.2%€3,049▼ 93.0%€2,957▼ 3.0%-€16,496
Net result€39,739within the sector's middle half▼ 16.4%€31,697within the sector's middle half▼ 20.2%€1,940below the sector's middle half▼ 93.9%€1,894within the sector's middle half▼ 2.4%-€16,960below the sector's middle half
EBIT margin
Equity€61,600below the sector's middle half▲ 182%€93,297below the sector's middle half▲ 51.5%€95,237below the sector's middle half▲ 2.1%€97,131below the sector's middle half▲ 2.0%€80,171below the sector's middle half▼ 17.5%
Total assets€141,782below the sector's middle half▲ 13.8%€166,670below the sector's middle half▲ 17.6%€158,383below the sector's middle half▼ 5.0%€154,160below the sector's middle half▼ 2.7%€113,199below the sector's middle half▼ 26.6%
Debt€80,182▼ 22.0%€73,374▼ 8.5%€63,147▼ 13.9%€57,030▼ 9.7%€33,028▼ 42.1%
Working capital€60,960below the sector's middle half▲ 193%€93,065within the sector's middle half▲ 52.7%€95,219below the sector's middle half▲ 2.3%€94,401below the sector's middle half▼ 0.9%€77,441within the sector's middle half▼ 18.0%
Solvency43.4%within the sector's middle half▲ 25.9pp56.0%within the sector's middle half▲ 12.5pp60.1%within the sector's middle half▲ 4.2pp63.0%within the sector's middle half▲ 2.9pp70.8%above the sector's middle half▲ 7.8pp
Current ratio1.76within the sector's middle half▲ 0.562.27within the sector's middle half▲ 0.512.51within the sector's middle half▲ 0.242.66within the sector's middle half▲ 0.153.34within the sector's middle half▲ 0.69
Return on assets (ROA)28.0%above the sector's middle half▼ 10.1pp19.0%above the sector's middle half▼ 9.0pp1.2%within the sector's middle half▼ 17.8pp1.2%within the sector's middle half=-15.0%below the sector's middle half▼ 16.2pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16,496 after €2,957 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €113,199
Fixed assets
€2,730 =
Current assets
€110,469 ▼ 27.0%
Equity and liabilities €113,199
Equity
€80,171 ▼ 17.5%
Debt
€33,028 ▼ 42.1%
Debt's share of the balance-sheet total falls from 37.0% to 29.2%. Equity and debt are lower.
Key figures and ratios
Quick ratio
0.34▼
2024 · 0.62
Debt to equity
0.41▼
2024 · 0.59
ROE
-21.2%▼
2024 · 1.9%
Debt ≤ 1 year
€33,028▼
2024 · €57,030
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 5,834 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,364 | - | €3,567 | €831 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €390 | €408 | €215 | €17 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €384 | €664 | - | - |
| Other operating charges640/8 | €385 | €348 | - | - | €1,797 | - |
| Gross operating margin9900 | €53,364 | €44,220 | €7,215 | €4,470 | -€14,700 | ▼ 429% |
| Operating profit (loss)9901 | €51,225 | €43,464 | €3,049 | €2,957 | -€16,496 | ▼ 658% |
| Financial income75/76B | €3,152 | €34 | €5 | - | €2 | - |
| Recurring financial income75 | €3,152 | €34 | €5 | - | €2 | - |
| Financial charges65/66B | €1,221 | €229 | €454 | €464 | €465 | ▲ 0.4% |
| Recurring financial charges65 | €221 | €229 | €454 | €464 | €465 | ▲ 0.4% |
| Non-recurring financial charges66B | €1,000 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €53,156 | €43,269 | €2,600 | €2,494 | -€16,960 | ▼ 780% |
| Income taxes67/77 | €13,417 | €11,572 | €660 | €600 | - | - |
| Profit (loss) for the period9904 | €39,739 | €31,697 | €1,940 | €1,894 | -€16,960 | ▼ 995% |
| Profit (loss) for the period to be appropriated9905 | €39,739 | €31,697 | €1,940 | €1,894 | -€16,960 | ▼ 995% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €141,782 | €166,670 | €158,383 | €154,160 | €113,199 | ▼ 26.6% |
| Fixed assets21/28 | €640 | €232 | €17 | €2,730 | €2,730 | = |
| Tangible fixed assets22/27 | €640 | €232 | €17 | - | - | - |
| Furniture and vehicles24 | €640 | €232 | €17 | - | - | - |
| Financial fixed assets28 | - | - | - | €2,730 | €2,730 | = |
| Current assets29/58 | €141,141 | €166,439 | €158,366 | €151,430 | €110,469 | ▼ 27.0% |
| Stocks and contracts in progress3 | €101,442 | €139,068 | €133,626 | €115,918 | €99,204 | ▼ 14.4% |
| Stocks30/36 | €101,442 | €139,068 | €133,626 | €115,918 | €99,204 | ▼ 14.4% |
| Amounts receivable within one year40/41 | €1,879 | €19,958 | €6,801 | €13,459 | €3,546 | ▼ 73.7% |
| Trade receivables40 | €1,116 | €19,386 | €6,190 | €11,052 | €3,531 | ▼ 68.0% |
| Other amounts receivable41 | €763 | €572 | €611 | €2,407 | €15 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €37,820 | €7,412 | €17,939 | €22,053 | €7,719 | ▼ 65.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €141,782 | €166,670 | €158,383 | €154,160 | €113,199 | ▼ 26.6% |
| Equity10/15 | €61,600 | €93,297 | €95,237 | €97,131 | €80,171 | ▼ 17.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Outside capital11 | - | - | €18,600 | - | - | - |
| Share premium1100/10 | - | - | €18,600 | - | - | - |
| Profit (loss) carried forward14 | €43,000 | €74,697 | €76,637 | €78,531 | €61,571 | ▼ 21.6% |
| Amounts payable17/49 | €80,182 | €73,374 | €63,147 | €57,030 | €33,028 | ▼ 42.1% |
| Amounts payable within one year42/48 | €80,182 | €73,374 | €63,147 | €57,030 | €33,028 | ▼ 42.1% |
| Trade debts44 | €1,999 | €12,967 | €11,464 | €18,133 | €17,267 | ▼ 4.8% |
| Suppliers440/4 | €1,999 | €12,967 | €11,464 | €18,133 | €17,267 | ▼ 4.8% |
| Taxes, remuneration and social security45 | €29,342 | €37,066 | €32,442 | €17,777 | €12,117 | ▼ 31.8% |
| Taxes450/3 | €29,342 | €37,066 | €32,442 | €17,777 | €12,117 | ▼ 31.8% |
| Other amounts payable47/48 | €48,841 | €23,341 | €19,241 | €21,120 | €3,645 | ▼ 82.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,739 | €31,697 | €1,940 | €1,894 | -€16,960 | ▼ 995% |
| + Depreciation and write-downs630 | €390 | €408 | €215 | €17 | - | - |
| Operating cash flow (approximation) | €40,129 | €32,105 | €2,154 | €1,911 | -€16,960 | ▼ 987% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,730 | €0 | ▲ 100% |
| Change in cash | - | -€30,408 | €10,527 | €4,114 | -€14,334 | ▼ 448% |
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€16,960
Net result drops to -€16,960, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 7 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €47,512 ▲222%
Net result €47,512, the highest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 34 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
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, Schaarbeek · 1 establishment unit since 2009
Ground area
208 m²
Building footprint
208 m²
Volume, LiDAR
3,745 m³
Parcel 21015E0119/00Z000, Brussels · tallest building 20.6 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
store7seven
since 20092.210.121.343
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015E0119/00Z000 | Brussels | 208 m² | 1 · 208 m² | 20.6 m · 6 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.
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Of 44 companies in sector 46422 we hold annual accounts for 23. 11 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
Founded17-03-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46422Wholesale trade
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0872588244
Also
9925:BE0872588244
Registered
27-12-2025
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.