Gally Construct
Open bankruptcyA bankruptcy procedure is open for Gally Construct according to publications in the Belgian State Gazette; curator: ALAIN HENDERICKX. The 2021 annual accounts show negative equity (€-258k) and a net result of €-62k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
16 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€-258k▼ 31.3%
2020 · €-197k
2018: €-194k
2019: €-193k
2020: €-197k
2018 → 2021
Total assets
€45k▼ 8.8%
2020 · €50k
2018: €205k
2019: €46k
2020: €50k
2018 → 2021
Net result
€-62k▼ 1,379%
2020 · €-4k
2018: €-39k
2019: €1k
2020: €-4k
2018 → 2021
Working capital
€-198k▼ 0.8%
2020 · €-197k
2018: €-195k
2019: €-193k
2020: €-197k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-194k-€-193k▲ 0.7%€-197k▼ 2.2%€-258k▼ 31.3%
Operating result€-19k-€5k€-4k€-62k▼ 1,436%
Net result€-39k-€1k€-4k€-62k▼ 1,379%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €62k in 2021 against €4k in 2020; the loss grows and 2021 has the lowest result in the available series.
Key figures and ratios
Solvency
-572.5%▼
2020 · -397.5%
Current ratio
0.19▼
2020 · 0.20
Quick ratio
0.19▼
2020 · 0.20
Debt / equity
-0.94
ROA
-136.5%▼
2020 · -8.4%
Debt
€244k▼
2020 · €246k
Debt ≤ 1 year
€244k▼
2020 · €246k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€50k€45k▼
Current assets29/58€50k€45k▼
Amounts receivable within one year40/41€44k€44k▲
Trade receivables40-€44k
Other amounts receivable41-€244
Cash at bank and in hand54/58€5k€752▼
Equity and liabilities
Total equity and liabilities10/49€50k€45k▼
Equity10/15€-197k€-258k▼
Contributions10/11-€19k
Reserves13€76€76=
Non-distributable reserves130/1-€76
Reserves not available under the articles1311-€76
Profit (loss) carried forward14€-216k€-277k▼
Provisions and deferred taxes16-€60k
Provisions for liabilities and charges160/5-€60k
Environmental obligations163-€60k
Amounts payable17/49€246k€244k▼
Amounts payable within one year42/48€246k€244k▼
Trade debts44€8k€8k▼
Suppliers440/4-€8k
Advances received on contracts in progress46-€41k
Other amounts payable47/48-€195k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€278-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€60k
Other operating charges640/8-€55
Gross operating margin9900€-3k€-1k▲
Operating profit (loss)9901€-4k€-62k▼
Financial charges65/66B-€106
Recurring financial charges65€161€106▼
Profit (loss) for the period before taxes9903€-4k€-62k▼
Profit (loss) for the period9904€-4k€-62k▼
Profit (loss) for the period to be appropriated9905€-4k€-62k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-277k
Profit (loss) brought forward from the previous period14P-€-216k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL GALLY CONSTRUCT BOULEVARD EDMOND MACHTENS 130/19, 1080 MOLENBEEK-SAINT-JEAN · event 01-12-2025
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Jans-Molenbeek · 1 establishment unit since 2014
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.
Edmond Machtenslaan 1301080 Sint-Jans-MolenbeekGround area
792 m²
Building footprint
408 m²
Volume, LiDAR
7,938 m³
Parcel 21524C0249/00H000, Brussels · tallest building 21.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Gally Construct
since 20142.232.406.104
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0249/00H000 | Brussels | 792 m² | 1 · 408 m² | 21.9 m · 7 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN HENDERICKX RUE DE STASSART 48 BL C/6,
1050 IXELLES |
01-12-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-05-2014
Fiscal year end31-12
Abbreviation FR
Gally
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.