GALLES
ActiveGALLES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €190k and a net result of €4k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 11% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▼-36
Solvency36▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.23 in 2023; short-term debt: 40.4% and cash: 0.2% of total assets), and 89% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 7447 sector peers (2024).
NBB · sector comparisonPosition among 7447 sector peers
Solvency
better than 11%
← weakest
strongest →
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 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
13 d early
2022
31 d early
2021
30 d early
2020
32 d early
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€190k▲ 2.3%
2023 · €186k
2018: €107k
2019: €108k
2020: €133k
2021: €109k
2022: €124k
2023: €186k
2018 → 2024
Total assets
€1.73M▲ 21.1%
2023 · €1.43M
2018: €1.01M
2019: €1.35M
2020: €1.45M
2021: €1.65M
2022: €1.79M
2023: €1.43M
2018 → 2024
Net result
€4k▼ 95.8%
2023 · €102k
2018: €46k
2019: €499
2020: €26k
2021: €-24k
2022: €61k
2023: €102k
2018 → 2024
Working capital
€-300k▲ 16.2%
2023 · €-358k
2018: €88k
2019: €94k
2020: €121k
2021: €-419k
2022: €-401k
2023: €-358k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€133k-€109k▼ 18.2%€124k▲ 14.0%€186k▲ 49.4%€190k▲ 2.3%
Operating result€42k-€-20k€113k€177k▲ 56.8%€34k▼ 80.6%
Net result€26k-€-24k€61k€102k▲ 66.6%€4k▼ 95.8%
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 falls in 2024; 2024 is 81% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.73M
Fixed assets
€1.33M▲ 1.0%
Current assets
€397k▲ 263%
Equity and liabilities €1.73M
Equity
€190k▲ 2.3%
Debt
€1.54M▲ 23.9%
The debt ratio rises from 87.0% to 89.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€74k▼
2023 · €208k
Cash flow
€43k▼
2023 · €133k
Solvency
11.0%▼
2023 · 13.0%
Current ratio
0.57▲
2023 · 0.23
Quick ratio
0.04▼
2023 · 0.23
Debt / equity
8.08▲
2023 · 6.67
ROE
2.3%▼
2023 · 55.0%
ROA
0.2%▼
2023 · 7.2%
Interest coverage
2.79▼
2023 · 7.79
Debt
€1.54M▲
2023 · €1.24M
Debt ≤ 1 year
€697k▲
2023 · €467k
Debt > 1 year
€839k▲
2023 · €772k
Income taxes
€4k▼
2023 · €48k
Staff costs
€33k▲
2023 · €14k
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€1.43M€1.73M▲
Fixed assets21/28€1.32M€1.33M▲
Tangible fixed assets22/27€1.32M€1.33M▲
Land and buildings22€1.30M€1.28M▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€11k€52k▲
Financial fixed assets28€150€150=
Current assets29/58€109k€397k▲
Stocks and contracts in progress3€2k€367k▲
Stocks30/36€2k€357k▲
Contracts in progress37-€10k
Amounts receivable within one year40/41€38k€23k▼
Trade receivables40€35k€11k▼
Other amounts receivable41€3k€12k▲
Cash at bank and in hand54/58€64k€4k▼
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.43M€1.73M▲
Equity10/15€186k€190k▲
Contributions10/11€19k€19k=
Reserves13€132k€136k▲
Distributable reserves133€132k€136k▲
Profit (loss) carried forward14€35k€35k=
Amounts payable17/49€1.24M€1.54M▲
Amounts payable after more than one year17€772k€839k▲
Financial debts170/4€772k€839k▲
Other amounts payable178/9€75-
Amounts payable within one year42/48€467k€697k▲
Current portion of amounts payable after more than one year42€39k€225k▲
Financial debts43€2k€10k▲
Credit institutions430/8€2k€10k▲
Trade debts44€24k€39k▲
Suppliers440/4€24k€39k▲
Advances received on contracts in progress46€3k€2k▼
Taxes, remuneration and social security45€33k€9k▼
Taxes450/3€33k€8k▼
Remuneration and social security454/9€130€622▲
Other amounts payable47/48€365k€411k▲
Income statement
Code20232024
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€14k€33k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€39k▲
Other operating charges640/8€8k€8k▼
Gross operating margin9900€230k€114k▼
Operating profit (loss)9901€177k€34k▼
Financial income75/76B€41€467▲
Recurring financial income75€41€467▲
Financial charges65/66B€27k€26k▼
Recurring financial charges65€27k€26k▼
Profit (loss) for the period before taxes9903€150k€8k▼
Income taxes67/77€48k€4k▼
Profit (loss) for the period9904€102k€4k▼
Profit (loss) for the period to be appropriated9905€102k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€115k€40k▼
Profit (loss) brought forward from the previous period14P€13k€35k▲
Transfer from equity791/2€41k-
Transfer to equity691/2€80k€4k▼
To other reserves6921€80k€4k▼
Profit to be distributed694/7€41k-
Return on contributions (dividend)694€41k-
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €102k ▲66.6%
Operating result €177k, net result €102k, both a record.
31-12
Financial
Equity above €150kEq €186k ▲49.4%
2 profitable years in a row build equity to €186k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €61k
Net result €61k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-24k ▼195%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Lochristi · 1 establishment unit since 2012
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.
Parelhoenstraat 69080 LochristiGround area
743 m²
Building footprint
152 m²
Volume, LiDAR
857 m³
Parcel 44034C0054/00E002, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GALLES
since 20122.211.879.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0054/00E002 | Flanders | 743 m² | 1 · 152 m² | 8.2 m · 2 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 · 5,703 EUR awarded · 5,703 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,000 EUR | 1,183 EUR |
| 2024 | 2 | 1,183 EUR | 1,000 EUR |
| 2023 | 2 | 3,020 EUR | 3,020 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
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Of 7,864 companies in sector 43341 we hold annual accounts for 2,662. 2,080 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-07-2012
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
43341Painting of buildings
68110Buying and selling of own real estate
41001General construction of residential buildings
68122Development of non-residential building projects
43230Insulation installation
43291Specialised construction activities
43310Plastering work
43331Floor and wall tiling
43333Wallpapering and laying of floor and wall coverings in other materials
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:kristof@galles.be