GALLE
ActiveGALLE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121k and a net result of €5k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 63% of 129 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +23 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▲+22
Solvency97▲+3
Growth32=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.09 against 1.98 in 2024), and 45.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
54.2%
Return on assets
2.4%
Age of the figures
8 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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
6 d early
2023
76 d late
2022
46 d late
2021
20 d early
2020
9 d early
2019
21 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
15-09-2026 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
€5k
2024 · €-7k
2018: €13k
2019: €4k
2020: €5k
2021: €-1k
2022: €3k
2023: €-17k
2024: €-7k
2018 → 2025
Working capital
€106k▲ 5.0%
2024 · €101k
2018: €95k
2019: €110k
2020: €112k
2021: €152k
2022: €125k
2023: €106k
2024: €101k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€137k-€139k▲ 1.9%€122k▼ 12.2%€116k▼ 5.4%€121k▲ 4.6%
Operating result€582-€2k▲ 273%€-14k€-3k▲ 76.7%€11k
Net result€-1k-€3k€-17k€-7k▲ 61.3%€5k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11k after a loss of €3k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €223k
Fixed assets
€20k▼ 34.9%
Current assets
€203k▼ 0.2%
Equity and liabilities €223k
Equity
€121k▲ 4.6%
Debt
€102k▼ 14.0%
The debt ratio falls from 50.7% to 45.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€26k▲
2024 · €14k
Cash flow
€20k▲
2024 · €10k
Solvency
54.2%▲
2024 · 49.3%
Current ratio
2.09▲
2024 · 1.98
Quick ratio
1.58▲
2024 · 1.51
Debt / equity
0.85▼
2024 · 1.03
ROE
4.4%▲
2024 · -5.7%
ROA
2.4%▲
2024 · -2.8%
Interest coverage
5.19▲
2024 · 3.99
Debt
€102k▼
2024 · €119k
Debt ≤ 1 year
€97k▼
2024 · €103k
Income taxes
€733
Staff costs
€143k▲
2024 · €132k
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€235k€223k▼
Fixed assets21/28€31k€20k▼
Tangible fixed assets22/27€31k€20k▼
Land and buildings22€26-
Plant, machinery and equipment23€31k€20k▼
Financial fixed assets28€158€158=
Current assets29/58€204k€203k▼
Stocks and contracts in progress3€49k€49k▲
Stocks30/36€49k€49k▲
Amounts receivable within one year40/41€145k€131k▼
Trade receivables40€144k€130k▼
Other amounts receivable41€943€1k▲
Cash at bank and in hand54/58€10k€23k▲
Equity and liabilities
Total equity and liabilities10/49€235k€223k▼
Equity10/15€116k€121k▲
Contributions10/11€37k€37k=
Capital10€37k€37k=
Issued capital100€37k€37k=
Reserves13€45k€45k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€43k€43k=
Profit (loss) carried forward14€33k€39k▲
Amounts payable17/49€119k€102k▼
Amounts payable after more than one year17€10k-
Financial debts170/4€10k-
Amounts payable within one year42/48€103k€97k▼
Financial debts43€57k€48k▼
Credit institutions430/8€17k€10k▼
Other loans439€40k€38k▼
Trade debts44€41k€43k▲
Suppliers440/4€41k€43k▲
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€5k€6k▲
Other amounts payable47/48€500€500=
Accrued charges and deferred income492/3€6k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€132k€143k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€15k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€6k€768▼
Gross operating margin9900€152k€174k▲
Operating profit (loss)9901€-3k€11k▲
Financial income75/76B€210€99▼
Recurring financial income75€210€99▼
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€-7k€6k▲
Income taxes67/77-€733
Profit (loss) for the period9904€-7k€5k▲
Profit (loss) for the period to be appropriated9905€-7k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€33k€39k▲
Profit (loss) brought forward from the previous period14P€40k€33k▼
Social balance
Average headcount (FTE)90873.63.6=
The notes to these accounts (9 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 76 days late
2023
31-12
Financial
Weakest financial yearnet €-17k ▼750%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 46 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 5.50
Current ratio from 2.67 to 5.50; short-term debt falls from €57k to €24k.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
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, Hamme (Vl.) · 1 establishment unit since 2003
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.
Hammestraat 239220 Hamme (Vl.)Ground area
2,433 m²
Building footprint
1,636 m²
Volume, LiDAR
6,688 m³
Parcel 42014B0294/00C002, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Hammestraat 23, 9220 Hamme (Vl.)
since 20032.126.653.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42014B0294/00C002 | Flanders | 2,433 m² | 1 · 1,636 m² | 6.4 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 24,493 EUR awarded · 24,493 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,640 EUR | 2,640 EUR |
| 2024 | 2 | 7,688 EUR | 7,688 EUR |
| 2023 | 1 | 6,582 EUR | 6,582 EUR |
| 2022 | 2 | 7,583 EUR | 7,583 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
10 live approvals · 1 endedBinnen- en buitenschrijnwerk duaal (so)
Binnenschrijnwerk en interieur duaal (so)
Buitenschrijnwerker hout duaal (so)
Interieurbouwer duaal (so)
Machinaal houtbewerker duaal (so)
Medewerker hout duaal (so)
Show 4 more
Operator CNC-gestuurde houtbewerkingsmachines duaal (so)
Productie-industrie duaal (so)
Productiemedewerker industrie duaal (so)
Schrijnwerker houtbouw duaal (so)
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MAKU
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Of 1,496 companies in sector 31004 we hold annual accounts for 615. 464 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-03-2003
Fiscal year end31-12
Activities, NACEBEL
20300
31004Manufacture of dining room, living room, bedroom and bathroom furniture
41001General construction of residential buildings
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.