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GALLOO

Active
Public limited companyfounded 198244 yrs activeWervikstraat 320, 8930 Menen, BelgiumKBO/BCE: BE 0422.834.084
Summary

GALLOO has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €183.4m and a net result of €23.8m. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 231 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability71▲+7
Solvency77▼-3
Growth65=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 2.45 in 2024; short-term debt: 33.4% and cash: 0.3% of total assets), and 48.3% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 44 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
51.7%
Return on assets
6.7%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 15-06-2026, 46 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
46 d early
2024
46 d early
2023
44 d early
2022
55 d early
2021
62 d early
2020
74 d early
2019
50 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 54 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 15 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

GALLOO was incorporated on 30 June 1982.1 Revenue grew from EUR 440 million in 2018 to EUR 514 million in 2025 and headcount from 231 to 277 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema, statutory accounts

Turnover
€513.9m▲ 5.4%
2024 · €487.7m
EBIT margin
6.4%▲ 3.6pp
2024 · 2.7%
Net result
€23.8m▲ 83.0%
2024 · €13.0m
Working capital
€122.7m▼ 3.1%
2024 · €126.6m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, 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€592.9m▲ 51.7%€578.0m▼ 2.5%€492.9m▼ 14.7%€487.7m▼ 1.0%€513.9m▲ 5.4%
Operating result€49.1m▲ 186%€26.9m▼ 45.2%€32.5m▲ 20.8%€13.4m▼ 58.8%€32.8m▲ 145%
Net result€37.3mabove the sector's middle half▲ 240%€15.3mabove the sector's middle half▼ 58.9%€31.1mabove the sector's middle half▲ 103%€13.0mabove the sector's middle half▼ 58.2%€23.8mabove the sector's middle half▲ 83.0%
EBIT margin8.3%▲ 3.9pp4.7%▼ 3.6pp6.6%▲ 1.9pp2.7%▼ 3.8pp6.4%▲ 3.6pp
Equity€151.3mabove the sector's middle half▲ 31.4%€166.4mabove the sector's middle half▲ 10.0%€167.9mabove the sector's middle half▲ 0.9%€180.4mabove the sector's middle half▲ 7.4%€183.4mabove the sector's middle half▲ 1.7%
Total assets€395.9mabove the sector's middle half▲ 4.8%€437.8mabove the sector's middle half▲ 10.6%€336.5mabove the sector's middle half▼ 23.1%€329.6mabove the sector's middle half▼ 2.0%€354.9mabove the sector's middle half▲ 7.7%
Debt€241.6m▼ 7.0%€269.3m▲ 11.5%€167.0m▼ 38.0%€147.1m▼ 11.9%€170.8m▲ 16.1%
Working capital€31.8mabove the sector's middle half▲ 1,163%€33.1mabove the sector's middle half▲ 4.2%€83.5mabove the sector's middle half▲ 152%€126.6mabove the sector's middle half▲ 51.7%€122.7mabove the sector's middle half▼ 3.1%
Solvency38.2%within the sector's middle half▲ 7.7pp38.0%within the sector's middle half▼ 0.2pp49.9%within the sector's middle half▲ 11.9pp54.7%within the sector's middle half▲ 4.8pp51.7%within the sector's middle half▼ 3.0pp
Current ratio1.28within the sector's middle half▲ 0.261.22within the sector's middle half▼ 0.061.59within the sector's middle half▲ 0.372.45within the sector's middle half▲ 0.862.04within the sector's middle half▼ 0.41
Return on assets (ROA)9.4%within the sector's middle half▲ 6.5pp3.5%within the sector's middle half▼ 5.9pp9.2%within the sector's middle half▲ 5.7pp3.9%within the sector's middle half▼ 5.3pp6.7%within the sector's middle half▲ 2.8pp
Staff (FTE)261.6above the sector's middle half▲ 0.2%258.4above the sector's middle half▼ 1.2%258.1above the sector's middle half▼ 0.1%263.8above the sector's middle half▲ 2.2%276.8above the sector's middle half▲ 4.9%
above within below the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€20.0m€40.0mOperating result 2021: €49.1m€49.1mNet result 2021: €37.3m€37.3mOperating result 2022: €26.9m€26.9mNet result 2022: €15.3m€15.3mOperating result 2023: €32.5m€32.5mNet result 2023: €31.1m€31.1mOperating result 2024: €13.4m€13.4mNet result 2024: €13.0m€13.0mOperating result 2025: €32.8m€32.8mNet result 2025: €23.8m€23.8m20212022202320242025€0€10m€20m€30mOperating result 2023: €32.5m€32mNet result 2023: €31.1m€31mOperating result 2024: €13.4m€13mNet result 2024: €13.0m€13mOperating result 2025: €32.8m€33mNet result 2025: €23.8m€24m202320242025
The operating result recovers in 2025; 2025 is 145% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €354.9m
Fixed assets €113.8m ▼ 1.5%
Current assets €241.0m ▲ 12.6%
Equity and liabilities €354.9m
Equity €183.4m ▲ 1.7%
Provisions €741,302 ▼ 66.2%
Debt €170.8m ▲ 16.1%
Debt's share of the balance-sheet total rises from 44.6% to 48.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€48.1m▲
2024 · €29.6m
Cash flow
€39.0m▲
2024 · €29.2m
Quick ratio
1.18▼
2024 · 1.45
Debt to equity
0.93▲
2024 · 0.82
ROE
13.0%▲
2024 · 7.2%
Interest coverage
14.48▲
2024 · 9.50
Debt ≤ 1 year
€118.4m▲
2024 · €87.4m
Debt > 1 year
€52.0m▼
2024 · €57.1m
Income taxes
€5.7m▲
2024 · €2.7m
Staff costs
€20.6m▲
2024 · €19.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 321 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0% went bankrupt
2.5% stopped otherwise
98% still going

For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 96 lines
Balance sheet Code20242025
Assets
Total assets20/58€329.6m€354.9m▲
Fixed assets21/28€115.6m€113.8m▼
Intangible fixed assets21€2.3m€1.6m▼
Tangible fixed assets22/27€68.3m€67.2m▼
Land and buildings22€28.4m€29.2m▲
Plant, machinery and equipment23€32.4m€31.9m▼
Furniture and vehicles24€7.6m€6.1m▼
Financial fixed assets28€45.1m€45.1m=
Affiliated companies280/1€45.0m€45.0m=
Amounts receivable281€45.0m€45.0m=
Other financial fixed assets284/8€52,791€61,501▲
Amounts receivable and cash guarantees285/8€52,791€61,501▲
Current assets29/58€214.0m€241.0m▲
Stocks and contracts in progress3€87.1m€101.7m▲
Stocks30/36€87.1m€101.7m▲
Raw materials and consumables30/31€56.1m€65.1m▲
Work in progress32€60,715€40,420▼
Finished goods33€30.2m€35.4m▲
Advance payments36€704,909€1.1m▲
Amounts receivable within one year40/41€125.2m€113.6m▼
Trade receivables40€62.7m€47.0m▼
Other amounts receivable41€62.5m€66.6m▲
Current investments50/53€0€24.3m▲
Other investments51/53€0€24.3m▲
Cash at bank and in hand54/58€1.2m€1.2m▲
Deferred charges and accrued income490/1€536,313€318,690▼
Equity and liabilities
Total equity and liabilities10/49€329.6m€354.9m▲
Equity10/15€180.4m€183.4m▲
Contributions10/11€2.8m€2.8m=
Capital10€2.8m€2.8m=
Issued capital100€2.8m€2.8m=
Reserves13€176.6m€180.0m▲
Non-distributable reserves130/1€276,424€276,424=
Legal reserve130€276,424€276,424=
Tax-exempt reserves132€47.3m€47.6m▲
Distributable reserves133€129.0m€132.1m▲
Investment grants15€984,818€628,518▼
Provisions and deferred taxes16€2.2m€741,302▼
Provisions for liabilities and charges160/5€2.2m€741,302▼
Major repairs and maintenance162€2.2m-
Other liabilities and charges164/5-€741,302
Amounts payable17/49€147.1m€170.8m▲
Amounts payable after more than one year17€57.1m€52.0m▼
Financial debts170/4€57.1m€52.0m▼
Credit institutions173€34.4m€33.0m▼
Other loans174€22.7m€19.1m▼
Amounts payable within one year42/48€87.4m€118.4m▲
Current portion of amounts payable after more than one year42€13.4m€11.1m▼
Trade debts44€59.6m€73.4m▲
Suppliers440/4€59.6m€73.4m▲
Advances received on contracts in progress46€2.4m€2.1m▼
Taxes, remuneration and social security45€3.2m€3.3m▲
Taxes450/3€486,309€404,194▼
Remuneration and social security454/9€2.7m€2.9m▲
Other amounts payable47/48€8.7m€28.4m▲
Accrued charges and deferred income492/3€2.6m€338,635▼
Income statement Code20242025
Operating income70/76A€508.1m€527.9m▲
Turnover70€487.7m€513.9m▲
Change in stocks of work in progress, finished goods and contracts in progress71€10.9m€5.3m▼
Other operating income74€9.3m€8.6m▼
Non-recurring operating income76A€138,540€136,320▼
Operating charges60/66A€494.7m€495.1m▲
Goods for resale, raw materials and consumables60€384.0m€379.6m▼
Purchases600/8€389.7m€388.8m▼
Change in stocks: decrease (increase)609-€5.6m-€9.2m▼
Services and other goods61€73.6m€80.4m▲
Remuneration, social security and pensions62€19.6m€20.6m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16.2m€15.3m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€62,807€0▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€632,926-€1.4m▼
Other operating charges640/8€668,873€528,962▼
Non-recurring operating charges66A€59,866€164,130▲
Operating profit (loss)9901€13.4m€32.8m▲
Financial income75/76B€6.3m€5.0m▼
Recurring financial income75€6.3m€5.0m▼
Income from current assets751€4.3m€2.3m▼
Other financial income752/9€2.0m€2.7m▲
Financial charges65/66B€4.0m€8.3m▲
Recurring financial charges65€4.0m€8.3m▲
Debt charges650€3.1m€3.3m▲
Other financial charges652/9€840,694€5.0m▲
Non-recurring financial charges66B€16,978€0▼
Profit (loss) for the period before taxes9903€15.7m€29.5m▲
Income taxes67/77€2.7m€5.7m▲
Taxes670/3€2.7m€5.7m▲
Profit (loss) for the period9904€13.0m€23.8m▲
Transfer from tax-exempt reserves789€2.0m€656,760▼
Transfer to tax-exempt reserves689€1.0m€995,539▼
Profit (loss) for the period to be appropriated9905€14.0m€23.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906€14.0m€23.4m▲
Transfer to equity691/2€13.6m€3.0m▼
To other reserves6921€13.6m€3.0m▼
Profit to be distributed694/7€336,409€20.4m▲
Return on contributions (dividend)694€0€20.0m▲
Directors or managers695€336,409€400,410▲
Social balance
Average headcount (FTE)9087263.8276.8▲

The notes to these accounts (95 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€613.5m€589.5m€508.9m€508.1m€527.9m▲ 3.9%
Turnover70€592.9m€578.0m€492.9m€487.7m€513.9m▲ 5.4%
Change in stocks of work in progress, finished goods and contracts in progress71€8.4m€2.1m-€3.4m€10.9m€5.3m▼ 51.6%
Other operating income74€12.0m€9.3m€8.2m€9.3m€8.6m▼ 7.4%
Non-recurring operating income76A€193,563€44,156€11.1m€138,540€136,320▼ 1.6%
Operating charges60/66A€564.4m€562.6m€476.4m€494.7m€495.1m▲ 0.1%
Goods for resale, raw materials and consumables60€456.1m€459.8m€375.5m€384.0m€379.6m▼ 1.2%
Purchases600/8€453.5m€455.8m€381.9m€389.7m€388.8m▼ 0.2%
Change in stocks: decrease (increase)609€2.6m€4.0m-€6.4m-€5.6m-€9.2m▼ 62.1%
Services and other goods61€74.4m€69.2m€66.8m€73.6m€80.4m▲ 9.3%
Remuneration, social security and pensions62€16.4m€17.6m€19.1m€19.6m€20.6m▲ 5.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16.9m€16.3m€14.6m€16.2m€15.3m▼ 5.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€28,355-€84,872€60,563-€62,807€0▲ 100%
Provisions for liabilities and charges: additions (uses and reversals)635/8€149,213-€972,306-€465,511€632,926-€1.4m▼ 329%
Other operating charges640/8€503,007€660,812€545,389€668,873€528,962▼ 20.9%
Non-recurring operating charges66A€10,341€121,580€164,637€59,866€164,130▲ 174%
Operating profit (loss)9901€49.1m€26.9m€32.5m€13.4m€32.8m▲ 145%
Financial income75/76B€2.4m€8.0m€10.2m€6.3m€5.0m▼ 19.7%
Recurring financial income75€2.4m€8.0m€10.2m€6.3m€5.0m▼ 19.7%
Income from current assets751--€5.6m€4.3m€2.3m▼ 45.5%
Other financial income752/9€2.4m€8.0m€4.6m€2.0m€2.7m▲ 36.8%
Financial charges65/66B€4.8m€15.5m€7.4m€4.0m€8.3m▲ 110%
Recurring financial charges65€4.8m€15.5m€7.4m€4.0m€8.3m▲ 111%
Debt charges650€3.9m€3.9m€3.8m€3.1m€3.3m▲ 6.6%
Other financial charges652/9€901,434€11.6m€3.6m€840,694€5.0m▲ 498%
Non-recurring financial charges66B---€16,978€0▼ 100%
Profit (loss) for the period before taxes9903€46.7m€19.4m€35.3m€15.7m€29.5m▲ 88.1%
Income taxes67/77€9.4m€4.1m€4.3m€2.7m€5.7m▲ 113%
Taxes670/3€9.4m€4.1m€4.3m€2.7m€5.7m▲ 113%
Profit (loss) for the period9904€37.3m€15.3m€31.1m€13.0m€23.8m▲ 83.0%
Transfer from tax-exempt reserves789€13.8m€749,999€0€2.0m€656,760▼ 67.2%
Transfer to tax-exempt reserves689€2.2m€2.1m€1.0m€1.0m€995,539▼ 3.2%
Profit (loss) for the period to be appropriated9905€48.9m€14.0m€30.0m€14.0m€23.4m▲ 67.8%
Line20212022202320242025Change
Assets
Total assets20/58€395.9m€437.8m€336.5m€329.6m€354.9m▲ 7.7%
Fixed assets21/28€249.7m€253.0m€111.6m€115.6m€113.8m▼ 1.5%
Intangible fixed assets21€3.7m€4.5m€3.0m€2.3m€1.6m▼ 29.5%
Tangible fixed assets22/27€50.7m€53.3m€63.6m€68.3m€67.2m▼ 1.7%
Land and buildings22€21.5m€22.7m€25.5m€28.4m€29.2m▲ 2.9%
Plant, machinery and equipment23€23.1m€25.0m€31.1m€32.4m€31.9m▼ 1.5%
Furniture and vehicles24€6.1m€5.6m€7.0m€7.6m€6.1m▼ 19.3%
Leasing and similar rights25€62,789-----
Financial fixed assets28€195.2m€195.2m€45.1m€45.1m€45.1m=
Affiliated companies280/1€195.1m€195.1m€45.0m€45.0m€45.0m=
Participating interests280€195.1m€195.1m€0---
Amounts receivable281--€45.0m€45.0m€45.0m=
Other financial fixed assets284/8€59,041€62,791€56,541€52,791€61,501▲ 16.5%
Amounts receivable and cash guarantees285/8€59,041€62,791€56,541€52,791€61,501▲ 16.5%
Current assets29/58€146.2m€184.8m€224.9m€214.0m€241.0m▲ 12.6%
Stocks and contracts in progress3€70.2m€68.5m€71.6m€87.1m€101.7m▲ 16.8%
Stocks30/36€70.2m€68.5m€71.6m€87.1m€101.7m▲ 16.8%
Raw materials and consumables30/31€48.1m€44.1m€50.4m€56.1m€65.1m▲ 15.9%
Work in progress32€115,670€132,300€106,050€60,715€40,420▼ 33.4%
Finished goods33€20.4m€22.6m€19.2m€30.2m€35.4m▲ 17.5%
Advance payments36€1.5m€1.8m€1.8m€704,909€1.1m▲ 58.3%
Amounts receivable within one year40/41€68.9m€108.3m€145.1m€125.2m€113.6m▼ 9.3%
Trade receivables40€48.5m€86.3m€59.5m€62.7m€47.0m▼ 25.1%
Other amounts receivable41€20.4m€22.0m€85.7m€62.5m€66.6m▲ 6.5%
Current investments50/53--€3,396€0€24.3m-
Other investments51/53--€3,396€0€24.3m-
Cash at bank and in hand54/58€7.0m€7.7m€6.8m€1.2m€1.2m▲ 4.5%
Deferred charges and accrued income490/1€129,273€224,666€1.4m€536,313€318,690▼ 40.6%
Equity and liabilities
Total equity and liabilities10/49€395.9m€437.8m€336.5m€329.6m€354.9m▲ 7.7%
Equity10/15€151.3m€166.4m€167.9m€180.4m€183.4m▲ 1.7%
Contributions10/11€2.8m€2.8m€2.8m€2.8m€2.8m=
Capital10€2.8m€2.8m€2.8m€2.8m€2.8m=
Issued capital100€2.8m€2.8m€2.8m€2.8m€2.8m=
Reserves13€148.0m€162.3m€164.0m€176.6m€180.0m▲ 1.9%
Non-distributable reserves130/1€276,424€276,424€276,424€276,424€276,424=
Legal reserve130€276,424€276,424€276,424€276,424€276,424=
Tax-exempt reserves132€45.9m€47.2m€48.3m€47.3m€47.6m▲ 0.7%
Distributable reserves133€101.9m€114.8m€115.4m€129.0m€132.1m▲ 2.3%
Investment grants15€502,003€1.4m€1.2m€984,818€628,518▼ 36.2%
Provisions and deferred taxes16€3.0m€2.0m€1.6m€2.2m€741,302▼ 66.2%
Provisions for liabilities and charges160/5€3.0m€2.0m€1.6m€2.2m€741,302▼ 66.2%
Major repairs and maintenance162--€1.6m€2.2m--
Environmental obligations163€3.0m€2.0m----
Other liabilities and charges164/5----€741,302-
Amounts payable17/49€241.6m€269.3m€167.0m€147.1m€170.8m▲ 16.1%
Amounts payable after more than one year17€127.0m€117.3m€25.4m€57.1m€52.0m▼ 8.8%
Financial debts170/4€127.0m€117.3m€25.4m€57.1m€52.0m▼ 8.8%
Credit institutions173€27.0m€17.3m€25.4m€34.4m€33.0m▼ 4.1%
Other loans174€100.0m€100.0m€0€22.7m€19.1m▼ 15.9%
Amounts payable within one year42/48€114.4m€151.7m€141.4m€87.4m€118.4m▲ 35.5%
Current portion of amounts payable after more than one year42€10.9m€9.5m€11.9m€13.4m€11.1m▼ 16.9%
Financial debts43-€505,910€0---
Credit institutions430/8-€505,910€0---
Trade debts44€70.9m€64.3m€67.2m€59.6m€73.4m▲ 23.0%
Suppliers440/4€70.9m€64.3m€67.2m€59.6m€73.4m▲ 23.0%
Advances received on contracts in progress46€2.3m€3.8m€1.7m€2.4m€2.1m▼ 13.3%
Taxes, remuneration and social security45€3.3m€3.5m€3.6m€3.2m€3.3m▲ 4.0%
Taxes450/3€688,697€686,962€447,306€486,309€404,194▼ 16.9%
Remuneration and social security454/9€2.6m€2.8m€3.1m€2.7m€2.9m▲ 7.7%
Other amounts payable47/48€27.0m€70.1m€57.1m€8.7m€28.4m▲ 227%
Accrued charges and deferred income492/3€186,543€322,991€174,776€2.6m€338,635▼ 87.1%
Line20212022202320242025Change
Profit (loss) for the period9904€37.3m€15.3m€31.1m€13.0m€23.8m▲ 83.0%
+ Depreciation and write-downs630€16.9m€16.3m€14.6m€16.2m€15.3m▼ 5.8%
Operating cash flow (approximation)€54.2m€31.6m€45.7m€29.2m€39.0m▲ 33.7%
Investment in fixed assets (approximation)--€19.6m€126.7m-€20.2m-€13.5m▲ 33.4%
Change in cash-€738,913-€993,294-€5.6m€52,736▲ 101%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-09
State Gazette act Resignations: Joëla Galloo (director) and Antoine Vandeputte (director)
Appointment: EY Bedrijfsrevisoren (statutory auditor)4 facts ▸
  • General meeting, 16-05-2026
  • Director resignation, Joëla Galloo (director)
  • Director resignation, Antoine Vandeputte (director)
  • Auditor appointment, EY Bedrijfsrevisoren (statutory auditor)
15-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
15-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
06-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Highest result since 2018net €37.3m ▲240%
Operating result €49.1m, net result €37.3m, both a record.
18-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
11-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Equity above €100mEq €105.0m ▲6.4%
2 profitable years in a row build equity to €105.0m.
14-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · consolidated
30-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 31 acts read
About the unread acts

Of the 31 Belgian State Gazette acts we know for this company, 1 has been read. The other 30 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
no sitting director, last change in 2026

Statutory auditor 1

EY Bedrijfsrevisoren
Statutory auditor · since 28-09-2026 · perm. rep.: Eelen Paul
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
30 of this company's 31 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Menen · 9 establishment units since 1982
seat establishment approximate All 9 establishment units on the map
Ground area
19.5 ha
Building footprint
2.1 ha
Volume, LiDAR
97,938 m³
9 parcels, Flanders · tallest building 42.0 m, ±3 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
9 establishment units
GALLOO NV MENEN 01
Wervikstraat 320, 8930 MenenManufacture of basic metals
since 19822.020.795.753
GALLOO NV MENEN 02
Ropswalle ZN, 8930 MenenNACE 37100
since 19822.209.724.930
GALLOO NV MENEN 03
Industrielaan ZN, 8930 MenenManufacture of machinery and equipment not elsewhere classified
since 20032.147.056.297
GALLOO NV ROESELARE
Ovenhoek 22, 8800 RoeselareWaste collection, recovery and disposal activities
since 20132.215.789.410
GALLOO NV GENT
Scheepzatestraat 9, 9000 GentWaste collection, recovery and disposal activities
since 20132.215.790.004
GALLOO NV DENDERMONDE
Wissenstraat 12, 9200 DendermondeWaste collection, recovery and disposal activities
since 20132.215.788.519
Show 3 more locations
GALLOO NV BRUGGE
Lodewijk Coiseaukaai 15, 8000 BruggeWaste collection, recovery and disposal activities
since 20132.215.788.024
GALLOO NV KOEKELARE
Atlasstraat 5, 8680 KoekelareWaste collection, recovery and disposal activities
since 20132.215.789.014
Galloo NV Gavere
Legen Heirweg 30, 9890 GavereManufacture of basic metals
since 20202.297.769.256
9 parcels
Flanders 9 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44812Q0120/00G002 Flanders 6.6 ha 1 · 943 m² 42.0 m
34027F0382/00L000 Flanders 4.6 ha 1 · 2,046 m² 11.3 m · 3 fl.
34027F0491/00E000 Flanders 2.8 ha 1 · 1.4 ha 10.5 m · 1 fl.
31807I0301/02H000 Flanders 2.4 ha 1 · 2,241 m² -
42021A0902/00C000 Flanders 1.0 ha 1 · 406 m² 9.8 m · 3 fl.
44003A0048/00E000 Flanders 8,430 m² 1 · 321 m² 8.9 m · 2 fl.
36504D1362/00A000 Flanders 6,097 m² 1 · 703 m² 6.6 m
32010A1299/00W000 Flanders 4,795 m² 1 · 385 m² 10.0 m · 2 fl.
34027F0433/00N000 Flanders 1,075 m² 1 · 149 m² 10.7 m · 1 fl.
Linked by address, not proof of ownership
Good to know
9 of 9 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

3 people since 2026, 1 in office
Show
  • Board
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
EY Bedrijfsrevisoren
  • Statutory auditor, from 28-09-2026 to date
Antoine Vandeputte
  • Director, until 16-05-2026
Joëla Galloo
  • Director, until 16-05-2026
See the board, name and seat on a given date →

Structure & network

Part of the group GALLOO HOLDING 8 companies Group, risk and exposure

Owners and holdings

1 owner · 1 holding

Chain of control

  1. GALLOO HOLDING 100%
  2. GALLOO

Highest known parent: GALLOO HOLDING. The sources do not say who stands above it.

According to the 2025 annual accounts of GALLOO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 14 entries · 1,257,531 EUR awarded · 718,379 EUR paid
Year Entries awardedpaid
2025 4 18,078 EUR34,078 EUR
2024 3 75,092 EUR14,240 EUR
2023 4 80,512 EUR659,462 EUR
2022 3 1,083,849 EUR10,599 EUR
Schemes
2 entries · 1,073,250 EUR · 643,950 EUR paid · DAB Fonds voor Preventie en Sanering inzake Leefmilieu en Natuur
1 entry · 65,000 EUR · Vlaams Energie- en Klimaatagentschap
3 entries · 60,852 EUR · 16,000 EUR paid · Fonds voor Innoveren en Ondernemen
2 entries · 24,893 EUR · 24,893 EUR paid · Departement Werk en Sociale Economie
4 entries · 24,729 EUR · 24,729 EUR paid · Departement Werk en Sociale Economie
Show 1 more
2 entries · 8,807 EUR · 8,807 EUR paid · Departement Werk en Sociale Economie

European Union, budget

2022 to 2023 · 5 entries · 298,522 EUR in total
Year Entries awarded
2023 2 167,213 EUR
2022 3 131,309 EUR
Projects
CIRCLESOFLIFE - ENHANCING MATERIAL CIRCULARITY AND LOWER EMISSIONS OF SHIP BUILDING PROCESSES IN ALL PHASES OF THE LIFE CYCLE
Horizon Europe · 01-01-2024 to 31-12-2026 · 167,213 EUR
SERENADE - SENSORS AND ECO-FRIENDLY FOOD-GRADE MATERIALS FOR A SUSTAINABLE AND SMART FOOD STORAGE AND QUALITY MONITORING
Horizon Europe · 01-01-2023 to 31-12-2026 · 131,309 EUR

European research

2 projects · 153,721 EUR EU contribution
Programmes
2 entries · 153,721 EUR
Projects
Sensors and Eco-fRiendly food-grade matErials for a sustaiNable and smArt fooD storagE and quality monitoring
Horizon Europe · participant · 01-01-2023 to 31-12-2026 · 131,310 EUR · SERENADE
Enhancing material CIRCularity and Lower Emissions of Ship building processes in all phases of the LIFE cycle
Horizon Europe · participant · 01-01-2024 to 31-12-2026 · 22,411 EUR · CirclesOfLife

Recognitions · licences · registrations

Dual-learning approval

7 live approvals · 4 ended
Hoeknaadlasser duaal (so)
Goedgekeurd · 2022 to 2027
Lassen-constructie duaal (so)
Goedgekeurd · 2022 to 2027
Lasser-monteerder (vwo)
Goedgekeurd · 2022 to 2027
Lasser-monteerder duaal (so)
Goedgekeurd · 2022 to 2027
Productiemedewerker industrie duaal (so)
Goedgekeurd · 2023 to 2028
Technieker industriële procesautomatisatie (vwo)
Goedgekeurd · 2023 to 2028
Show 1 more
Technieker industriële procesautomatisatie duaal (so)
Goedgekeurd · 2023 to 2028
Show 4 ended approvals
Lasser beklede elektrode (so)
discontinued · 2022 to 2025
Lasser MIG/MAG (so)
discontinued · 2022 to 2025
Lasser TIG (so)
discontinued · 2022 to 2025
Plaatlasser (so)
discontinued · 2022 to 2025

Legal Entity Identifier

549300YDD5DV2DLKH476
live in the LEI register

Similar companies · same sector, comparable size

Of 978 companies in sector 38210 we hold annual accounts for 587. 28 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded30-06-1982
Fiscal year end31-12
Activities, NACEBEL 2025
38210Materials recovery from waste
E-invoicing
Reachable via Peppol
Peppol ID 0208:0422834084
Also 9925:BE0422834084
Registered 29-12-2025

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.