Gallee Energy 1
ActiveGallee Energy 1 has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-470k) and a net result of €-313k. Equity is shrinking by ~46.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▲+3
Solvency10▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.43 against 0.44 in 2024; short-term debt: 34.4% and cash: 7.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 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 35
Relative position
BE, all sectors
reference
Sector 35
lower
← 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
-15.1%
Return on assets
-10.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-470k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 6 filingsDeviation from the deadline
2025
29 d late
2024
41 d late
2023
30 d late
2022
31 d late
2021
25 d late
2020
31 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-470k▼ 201%
2024 · €-156k
2020: €413k
2021: €351k
2022: €808k
2023: €203k
2024: €-156k
2020 → 2025
Total assets
€3.12M▲ 11.6%
2024 · €2.79M
2020: €4.49M
2021: €3.89M
2022: €4.09M
2023: €3.29M
2024: €2.79M
2020 → 2025
Net result
€-313k▲ 12.8%
2024 · €-359k
2020: €-72k
2021: €-62k
2022: €957k
2023: €-605k
2024: €-359k
2020 → 2025
Working capital
€-613k▼ 27.8%
2024 · €-480k
2020: €-573k
2021: €-543k
2022: €12k
2023: €-738k
2024: €-480k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€351k-€808k▲ 130%€203k▼ 74.8%€-156k€-470k▼ 201%
Operating result€-10k-€1.00M€-564k€-307k▲ 45.6%€-214k▲ 30.3%
Net result€-62k-€957k€-605k€-359k▲ 40.6%€-313k▲ 12.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €214k in 2025 against €307k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.12M
Fixed assets
€2.66M▲ 10.0%
Current assets
€458k▲ 22.0%
Key figures and ratios
EBITDA
€299k▲
2024 · €169k
Cash flow
€200k▲
2024 · €116k
Solvency
-15.1%▼
2024 · -5.6%
Current ratio
0.43▼
2024 · 0.44
Quick ratio
0.43▼
2024 · 0.44
Debt / equity
-7.63▲
2024 · -18.87
ROA
-10.1%▲
2024 · -12.9%
Interest coverage
2.97▼
2024 · 3.02
Debt
€3.59M▲
2024 · €2.95M
Debt ≤ 1 year
€1.07M▲
2024 · €855k
Debt > 1 year
€2.51M▲
2024 · €2.09M
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€2.79M€3.12M▲
Fixed assets21/28€2.42M€2.66M▲
Tangible fixed assets22/27€2.42M€2.66M▲
Plant, machinery and equipment23€2.42M€2.66M▲
Current assets29/58€375k€458k▲
Amounts receivable within one year40/41€146k€220k▲
Trade receivables40€45k€210k▲
Other amounts receivable41€100k€10k▼
Cash at bank and in hand54/58€229k€234k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€2.79M€3.12M▲
Equity10/15€-156k€-470k▼
Contributions10/11€485k€485k=
Capital10€485k€485k=
Issued capital100€485k€485k=
Reserves13€41k€41k=
Non-distributable reserves130/1€41k€41k=
Legal reserve130€41k€41k=
Profit (loss) carried forward14€-682k€-996k▼
Amounts payable17/49€2.95M€3.59M▲
Amounts payable after more than one year17€2.09M€2.51M▲
Financial debts170/4€2.09M€2.51M▲
Amounts payable within one year42/48€855k€1.07M▲
Current portion of amounts payable after more than one year42€358k€379k▲
Financial debts43€450k€450k=
Credit institutions430/8€450k€450k=
Trade debts44€29k€166k▲
Suppliers440/4€29k€166k▲
Taxes, remuneration and social security45€18k€24k▲
Taxes450/3€18k€24k▲
Other amounts payable47/48-€52k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€475k€513k▲
Other operating charges640/8€18k€19k▲
Gross operating margin9900€187k€318k▲
Operating profit (loss)9901€-307k€-214k▲
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€56k€101k▲
Recurring financial charges65€56k€101k▲
Profit (loss) for the period before taxes9903€-359k€-313k▲
Profit (loss) for the period9904€-359k€-313k▲
Profit (loss) for the period to be appropriated9905€-359k€-313k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-682k€-996k▼
Profit (loss) brought forward from the previous period14P€-323k€-682k▼
The notes to these accounts (8 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-605k ▼163%
Net result drops to €-605k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €957k
Net result €957k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.01
Current ratio from 0.38 to 1.01.
31-12
Financial
Equity above €500kEq €808k ▲130%
Equity rises from €351k to €808k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Saint-Ghislain · 1 establishment unit since 2019
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.
Rue L.Glineur(T) 477333 Saint-Ghislain1 establishment unit
Rue L.Glineur(T) 47, 7333 Saint-Ghislain
since 20192.288.315.122
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Of 562 companies in sector 35150 we hold annual accounts for 230. 134 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-03-2019
Fiscal year end31-12
Activities, NACEBEL
35150Electricity, gas, steam and air conditioning supply
35110Production of electricity from non-renewable sources
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.