GALOP SPIN
ActiveSummary
GALOP SPIN has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56k and a net result of €6k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-6
Solvency95▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.54 against 1.91 in 2023; short-term debt: 29.9% and cash: 42.8% of total assets), and 29.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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 · 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 2024Solvency, return and age of the figures
Solvency
70.1%
Return on assets
7.3%
Age of the figures
21 mo
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 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
31 d early
2022
on the day
2021
33 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€56k▲ 4.2%
2023 · €54k
Total assets
€80k▼ 10.5%
2023 · €89k
Net result
€6k▼ 47.0%
2023 · €11k
Working capital
€37k▲ 15.8%
2023 · €32k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€8k▼ 2.7%€13k▲ 61.4%€11k▼ 9.5%€17k▲ 49.2%€10k▼ 43.2%
Net result€5k▼ 10.2%€9k▲ 70.2%€25k▲ 190%€11k▼ 55.3%€6k▼ 47.0%
Equity€39k▲ 12.0%€29k▼ 24.9%€52k▲ 75.0%€54k▲ 4.2%€56k▲ 4.2%
Total assets€82k▲ 10.8%€70k▼ 14.8%€96k▲ 37.6%€89k▼ 7.5%€80k▼ 10.5%
Debt€43k▲ 9.8%€41k▼ 5.5%€45k▲ 10.5%€35k▼ 21.0%€24k▼ 32.7%
Working capital€22k▲ 45.0%€17k▼ 21.5%€40k▲ 133%€32k▼ 21.3%€37k▲ 15.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €80k
Fixed assets
€19k ▼ 15.2%
Current assets
€61k ▼ 8.9%
Equity and liabilities €80k
Equity
€56k ▲ 4.2%
Debt
€24k ▼ 32.7%
Debt's share of the balance-sheet total falls from 39.8% to 29.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14k▼
2023 · €25k
Cash flow
€10k▼
2023 · €19k
Current ratio
2.54▲
2023 · 1.91
Debt to equity
0.43▼
2023 · 0.66
ROE
10.5%▼
2023 · 20.6%
ROA
7.3%▼
2023 · 12.4%
Interest coverage
14.57▼
2023 · 28.07
Debt ≤ 1 year
€24k▼
2023 · €35k
Income taxes
€3k▼
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €7k | €8k | €4k | ▼ 43.7% |
| Other operating charges640/8 | - | €12k | €12k | €199 | €199 | ▲ 0.1% |
| Gross operating margin9900 | €21k | €31k | €30k | €25k | €14k | ▼ 43.0% |
| Operating profit (loss)9901 | €8k | €13k | €11k | €17k | €10k | ▼ 43.2% |
| Financial income75/76B | - | - | €19k | - | - | - |
| Recurring financial income75 | - | - | €19k | - | - | - |
| Financial charges65/66B | - | €623 | €950 | €882 | €963 | ▲ 9.1% |
| Recurring financial charges65 | €514 | €623 | €950 | €882 | €963 | ▲ 9.1% |
| Profit (loss) for the period before taxes9903 | €7k | €12k | €30k | €16k | €9k | ▼ 46.1% |
| Income taxes67/77 | €2k | €3k | €5k | €5k | €3k | ▼ 44.1% |
| Profit (loss) for the period9904 | €5k | €9k | €25k | €11k | €6k | ▼ 47.0% |
| Profit (loss) for the period to be appropriated9905 | €5k | €9k | €25k | €11k | €6k | ▼ 47.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82k | €70k | €96k | €89k | €80k | ▼ 10.5% |
| Fixed assets21/28 | €35k | €30k | €24k | €23k | €19k | ▼ 15.2% |
| Tangible fixed assets22/27 | €25k | €21k | €17k | €15k | €12k | ▼ 22.6% |
| Plant, machinery and equipment23 | - | €2k | €4k | €3k | €2k | ▼ 18.4% |
| Furniture and vehicles24 | - | €8k | €4k | €6k | €4k | ▼ 21.7% |
| Other tangible fixed assets26 | - | - | - | - | €5k | - |
| Assets under construction and advance payments27 | - | €10k | €9k | €7k | - | - |
| Financial fixed assets28 | €9k | €9k | €7k | €7k | €7k | = |
| Current assets29/58 | €48k | €40k | €72k | €67k | €61k | ▼ 8.9% |
| Amounts receivable within one year40/41 | €32k | €17k | €35k | €33k | €23k | ▼ 29.3% |
| Trade receivables40 | - | €15k | €31k | €31k | €16k | ▼ 50.0% |
| Other amounts receivable41 | - | €2k | €5k | €1k | €7k | ▲ 586% |
| Cash at bank and in hand54/58 | €15k | €18k | €35k | €32k | €34k | ▲ 6.2% |
| Deferred charges and accrued income490/1 | - | €5k | €2k | €2k | €4k | ▲ 79.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82k | €70k | €96k | €89k | €80k | ▼ 10.5% |
| Equity10/15 | €39k | €29k | €52k | €54k | €56k | ▲ 4.2% |
| Contributions10/11 | - | €6k | €6k | - | - | - |
| Reserves13 | €33k | €23k | €45k | €54k | €56k | ▲ 4.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €21k | €43k | €54k | €56k | ▲ 4.2% |
| Amounts payable17/49 | €43k | €41k | €45k | €35k | €24k | ▼ 32.7% |
| Amounts payable after more than one year17 | €10k | €6k | €2k | - | - | - |
| Financial debts170/4 | - | €6k | €2k | - | - | - |
| Amounts payable within one year42/48 | €26k | €23k | €32k | €35k | €24k | ▼ 31.5% |
| Current portion of amounts payable after more than one year42 | - | €6k | €9k | €7k | €2k | ▼ 74.8% |
| Financial debts43 | - | - | - | - | €138 | - |
| Credit institutions430/8 | - | - | - | - | €138 | - |
| Trade debts44 | €902 | €108 | €557 | €252 | €309 | ▲ 22.7% |
| Suppliers440/4 | - | €108 | €557 | €252 | €309 | ▲ 22.7% |
| Taxes, remuneration and social security45 | - | €14k | €18k | €22k | €17k | ▼ 23.8% |
| Taxes450/3 | - | €10k | €14k | €17k | €12k | ▼ 31.1% |
| Remuneration and social security454/9 | - | €4k | €4k | €5k | €5k | ▲ 2.2% |
| Other amounts payable47/48 | - | €3k | €4k | €6k | €5k | ▼ 15.6% |
| Accrued charges and deferred income492/3 | - | €12k | €11k | €622 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €9k | €25k | €11k | €6k | ▼ 47.0% |
| + Depreciation and write-downs630 | €6k | €6k | €7k | €8k | €4k | ▼ 43.7% |
| Operating cash flow (approximation) | €11k | €15k | €32k | €19k | €10k | ▼ 45.6% |
| Investment in fixed assets (approximation) | - | €-2k | €-2k | €-6k | €-1k | ▲ 83.5% |
| Change in cash | - | €3k | €17k | €-3k | €2k | ▲ 173% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €25k ▲190%
Net result €25k, the highest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brecht · 1 establishment unit since 2009
Ground area
1,544 m²
Building footprint
223 m²
Volume, LiDAR
1,128 m³
Parcel 11043D0012/00C000, Flanders · tallest building 16.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Galop spin
since 20092.175.504.320
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043D0012/00C000 | Flanders | 1,544 m² | 1 · 223 m² | 15.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 2024 · 2 entries · 2,118 EUR awarded · 2,118 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 684 EUR | 684 EUR |
| 2022 | 1 | 1,434 EUR | 1,434 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 18,249 companies in sector 71111 we hold annual accounts for 6,320. 5,382 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.