GALITEC
ActiveGALITEC has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167k and a net result of €74k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 1018 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
81
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency55▲+12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 3.51 in 2024), but 76.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← 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
23.2%
Return on assets
10.3%
Age of the figures
11 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €167k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-03-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
15 d early
2023
6 d early
2022
17 d early
2021
26 d early
2020
3 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€167k▲ 79.2%
2024 · €93k
2018: €270
2019: €-12k
2020: €33k
2021: €53k
2022: €97k
2023: €72k
2024: €93k
2018 → 2025
Total assets
€719k▲ 8.6%
2024 · €662k
2018: €719k
2019: €701k
2020: €768k
2021: €709k
2022: €744k
2023: €696k
2024: €662k
2018 → 2025
Net result
€74k▲ 244%
2024 · €22k
2018: €-3k
2019: €-12k
2020: €45k
2021: €19k
2022: €44k
2023: €-25k
2024: €22k
2018 → 2025
Working capital
€195k▼ 1.4%
2024 · €198k
2018: €87k
2019: €99k
2020: €195k
2021: €165k
2022: €206k
2023: €145k
2024: €198k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€53k-€97k▲ 84.0%€72k▼ 26.0%€93k▲ 30.0%€167k▲ 79.2%
Operating result€36k-€59k▲ 63.3%€-12k€34k€89k▲ 159%
Net result€19k-€44k▲ 129%€-25k€22k€74k▲ 244%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 159% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €719k
Fixed assets
€368k▼ 4.5%
Current assets
€352k▲ 26.8%
Equity and liabilities €719k
Equity
€167k▲ 79.2%
Debt
€552k▼ 3.0%
The debt ratio falls from 85.9% to 76.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€152k▲
2024 · €94k
Cash flow
€137k▲
2024 · €81k
Solvency
23.2%▲
2024 · 14.1%
Current ratio
2.25▼
2024 · 3.51
Quick ratio
1.99▼
2024 · 3.01
Debt / equity
3.30▼
2024 · 6.10
ROE
44.2%▲
2024 · 23.1%
ROA
10.3%▲
2024 · 3.2%
Interest coverage
9.65▲
2024 · 6.63
Debt
€552k▼
2024 · €569k
Debt ≤ 1 year
€156k▲
2024 · €79k
Debt > 1 year
€395k▼
2024 · €489k
Staff costs
€55k▲
2024 · €45k
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€662k€719k▲
Fixed assets21/28€385k€368k▼
Tangible fixed assets22/27€385k€368k▼
Land and buildings22€338k€294k▼
Plant, machinery and equipment23€40k€49k▲
Furniture and vehicles24€7k€24k▲
Current assets29/58€277k€352k▲
Stocks and contracts in progress3€39k€40k▲
Stocks30/36€39k€40k▲
Amounts receivable within one year40/41€181k€216k▲
Trade receivables40€180k€215k▲
Other amounts receivable41€1k€387▼
Cash at bank and in hand54/58€57k€96k▲
Equity and liabilities
Total equity and liabilities10/49€662k€719k▲
Equity10/15€93k€167k▲
Contributions10/11€237k€237k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-159k€-85k▲
Amounts payable17/49€569k€552k▼
Amounts payable after more than one year17€489k€395k▼
Financial debts170/4€489k€395k▼
Amounts payable within one year42/48€79k€156k▲
Current portion of amounts payable after more than one year42€28k€28k=
Trade debts44€39k€115k▲
Suppliers440/4€39k€115k▲
Taxes, remuneration and social security45€12k€13k▲
Taxes450/3€7k€8k▲
Remuneration and social security454/9€5k€6k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20242025
Remuneration, social security and pensions62€45k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€63k▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€146k€215k▲
Operating profit (loss)9901€34k€89k▲
Financial income75/76B€1k€720▼
Recurring financial income75€1k€720▼
Financial charges65/66B€14k€16k▲
Recurring financial charges65€14k€16k▲
Profit (loss) for the period before taxes9903€22k€74k▲
Profit (loss) for the period9904€22k€74k▲
Profit (loss) for the period to be appropriated9905€22k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-159k€-85k▲
Profit (loss) brought forward from the previous period14P€-180k€-159k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (16 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
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €74k ▲244%
Operating result €89k, net result €74k, both a record.
30-09
Financial
Equity above €150kEq €167k ▲79.2%
2 profitable years in a row build equity to €167k.
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €-25k ▼157%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €45k
Net result €45k after 2 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wielsbeke · 2 establishment units since 2007
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.
Stampkotstraat 268710 WielsbekeGround area
6,366 m²
Building footprint
2,220 m²
Volume, LiDAR
16,001 m³
2 parcels, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
GALITEC
since 20072.167.047.504
Ridder de Ghellinckstraat 53, 8710 Wielsbeke
since 20242.358.162.941
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017A0597/00K000 | Flanders | 3,899 m² | 1 · 1,223 m² | 8.1 m · 2 fl. |
| 37017B0396/00X000 | Flanders | 2,467 m² | 1 · 997 m² | 11.6 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
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SECOND LIFE CAR
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AUTOBEDRIJF BLOEYAERT
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GARAGE COLLARD-BOVY Sébastien
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Of 7,340 companies in sector 95311 we hold annual accounts for 2,939. 2,331 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2007
Fiscal year end30-09
Activities, NACEBEL
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50200
25530Machining of metals
28520
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95313Repair and fitting of specific motor vehicle parts
45204
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 17 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.