Skip to content

GALLUS

Active
Private limited companyfounded 2024active for 2 yearsHoogledestraat 122B, 8610 Kortemark, BelgiumKBO/BCE: BE 1014.857.550
Summary

GALLUS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€189,582) and a net result of -€249,582. Its solvency ranks better than 16% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Financials · financial year 2025, micro format

Turnover
≈ €610,000
Estimated: probably between €470,000 and €1.0m
Total assets
€4.8m
Net result
-€249,582
Working capital
-€4.9m

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €4.8m
Fixed assets €4.7m
Current assets €33,800
Equity and liabilities
Equity-€189,582
Debt€5.0m
Equity is negative: debt (€5.0m) exceeds the balance-sheet total (€4.8m).
Key figures and ratios
2025 value
EBITDA
€315,546
Cash flow
€174,267
Solvency
-4.0%
Current ratio
0.01
ROA
-5.2%
Interest coverage
2.03
Debt
€5.0m
Debt ≤ 1 year
€5.0m
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,251 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96.6% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a small loss
1.0% went bankrupt
2.1% stopped otherwise
96.6% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
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 74.5% 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 1,251 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 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€4.8m
Fixed assets21/28€4.7m
Tangible fixed assets22/27€4.7m
Land and buildings22€4.7m
Current assets29/58€0.03m
Amounts receivable within one year40/41€0.003m
Trade receivables40€0.003m
Cash at bank and in hand54/58€0.01m
Deferred charges and accrued income490/1€0.02m
Equity and liabilities
Total equity and liabilities10/49€4.8m
Equity10/15-€0.2m
Contributions10/11€0.06m
Profit (loss) carried forward14-€0.2m
Amounts payable17/49€5.0m
Amounts payable within one year42/48€5.0m
Financial debts43€3.4m
Credit institutions430/8€3.4m
Trade debts44€0.003m
Suppliers440/4€0.003m
Advances received on contracts in progress46€0.3m
Taxes, remuneration and social security45€0.002m
Taxes450/3€0.002m
Other amounts payable47/48€1.3m
Accrued charges and deferred income492/3€0.001m
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m
Other operating charges640/8€0.03m
Gross operating margin9900€0.4m
Operating profit (loss)9901-€0.1m
Financial income75/76B€0.01m
Recurring financial income75€0
Non-recurring financial income76B€0.01m
Financial charges65/66B€0.2m
Recurring financial charges65€0.2m
Profit (loss) for the period before taxes9903-€0.2m
Profit (loss) for the period9904-€0.2m
Profit (loss) for the period to be appropriated9905-€0.2m
Appropriation of the result
Profit (loss) to be appropriated9906-€0.2m

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€423,849
Other operating charges640/8€34,515
Gross operating margin9900€350,061
Operating profit (loss)9901-€108,304
Financial income75/76B€13,954
Recurring financial income75€0
Non-recurring financial income76B€13,954
Financial charges65/66B€155,233
Recurring financial charges65€155,233
Profit (loss) for the period before taxes9903-€249,582
Profit (loss) for the period9904-€249,582
Profit (loss) for the period to be appropriated9905-€249,582
Line2025
Assets
Total assets20/58€4.8m
Fixed assets21/28€4.7m
Tangible fixed assets22/27€4.7m
Land and buildings22€4.7m
Current assets29/58€0.03m
Amounts receivable within one year40/41€0.003m
Trade receivables40€0.003m
Cash at bank and in hand54/58€0.01m
Deferred charges and accrued income490/1€0.02m
Equity and liabilities
Total equity and liabilities10/49€4.8m
Equity10/15-€0.2m
Contributions10/11€0.06m
Profit (loss) carried forward14-€0.2m
Amounts payable17/49€5.0m
Amounts payable within one year42/48€5.0m
Financial debts43€3.4m
Credit institutions430/8€3.4m
Trade debts44€0.003m
Suppliers440/4€0.003m
Advances received on contracts in progress46€0.3m
Taxes, remuneration and social security45€0.002m
Taxes450/3€0.002m
Other amounts payable47/48€1.3m
Accrued charges and deferred income492/3€0.001m
Line2025
Profit (loss) for the period9904-€249,582
+ Depreciation and write-downs630€423,849
Operating cash flow (approximation)€174,267

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

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 30-06-2026 2026-00244489

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 9,525 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,538. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.