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GALOTO

Active
Private limited companyfounded 20206 yrs activeLambrechtshoekenlaan 260, 2170 Antwerpen, BelgiumKBO/BCE: BE 0751.665.569
Summary

The computed 12-month bankruptcy probability of GALOTO is 3.7% (moderate). For GALOTO, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €26,628 and a net result of €422. Equity remains stable across the filed fiscal years (±0.3% per year). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability71▲+30
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
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 2023
Solvency, return and age of the figures
Solvency
96.4%
Return on assets
1.5%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filings
Position against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-10-2024, 70 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
70 d late
2022
92 d late
2021
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 64 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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

On 31 July 2020, GALOTO was incorporated as a Private limited company.1 Total assets went from EUR 27,536 in 2021 to EUR 27,625 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2023

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Financials · fiscal year 2023, micro schema

Turnover
€816
EBIT margin
-432.7%
Net result
€422
2022 · -€243
Working capital
€23,748▲ 5.1%
2022 · €22,597
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202120222023
Turnover€816-
Operating result-€3,533-€39€483▲ 1,141%
Net result-€3,550--€243▲ 93.1%€422
EBIT margin-432.7%-
Equity€26,450-€26,206▼ 0.9%€26,628▲ 1.6%
Total assets€27,536-€27,447▼ 0.3%€27,625▲ 0.6%
Debt€1,086-€1,240▲ 14.2%€997▼ 19.6%
Working capital€22,090-€22,597▲ 2.3%€23,748▲ 5.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0Operating result 2021: -€3,533-€3,533Net result 2021: -€3,550-€3,550Operating result 2022: €39€39Net result 2022: -€243-€243Operating result 2023: €483€483Net result 2023: €422€422202120222023-€4,000-€2,000€0Operating result 2021: -€3,533-€3,530Net result 2021: -€3,550-€3,550Operating result 2022: €39€39Net result 2022: -€243-€243Operating result 2023: €483€483Net result 2023: €422€422202120222023
The operating result has risen two years in a row; 2023 is 1,141% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €27,625
Fixed assets €2,880 ▼ 20.2%
Current assets €24,745 ▲ 3.8%
Equity and liabilities €27,625
Equity €26,628 ▲ 1.6%
Debt €997 ▼ 19.6%
Debt's share of the balance-sheet total falls from 4.5% to 3.6%. Equity is higher and debt is lower.
Key figures and ratios
2023 value · change against 2022
EBITDA
€1,212▲
2022 · €789
Cash flow
€1,151▲
2022 · €506
Current ratio
24.83▲
2022 · 19.22
Debt to equity
0.04▼
2022 · 0.05
ROE
1.6%▲
2022 · -0.9%
ROA
1.5%▲
2022 · -0.9%
Interest coverage
19.92▲
2022 · 2.79
Debt ≤ 1 year
€997▼
2022 · €1,240
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 30 lines
Balance sheet Code20222023
Assets
Total assets20/58€27,447€27,625▲
Fixed assets21/28€3,610€2,880▼
Tangible fixed assets22/27€3,610€2,880▼
Furniture and vehicles24€327€0▼
Other tangible fixed assets26€3,283€2,880▼
Current assets29/58€23,837€24,745▲
Amounts receivable within one year40/41€22,907€24,119▲
Other amounts receivable41€22,907€24,119▲
Cash at bank and in hand54/58€930€625▼
Equity and liabilities
Total equity and liabilities10/49€27,447€27,625▲
Equity10/15€26,206€26,628▲
Contributions10/11€30,000€30,000=
Capital10€30,000€30,000=
Issued capital100€30,000€30,000=
Profit (loss) carried forward14-€3,794-€3,372▲
Amounts payable17/49€1,240€997▼
Amounts payable within one year42/48€1,240€997▼
Trade debts44€1,240€997▼
Suppliers440/4€1,240€997▼
Income statement Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€750€729▼
Other operating charges640/8€449€0▼
Gross operating margin9900€1,237€1,212▼
Operating profit (loss)9901€39€483▲
Financial charges65/66B€282€61▼
Recurring financial charges65€282€61▼
Profit (loss) for the period before taxes9903-€243€422▲
Profit (loss) for the period9904-€243€422▲
Profit (loss) for the period to be appropriated9905-€243€422▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3,794-€3,372▲
Profit (loss) brought forward from the previous period14P-€3,550-€3,794▼

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

Line202120222023Change
Turnover70€816---
Goods, raw materials, services and sundry goods60/61€2,276---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,625€750€729▼ 2.7%
Other operating charges640/8€449€449€0▼ 100%
Gross operating margin9900-€1,459€1,237€1,212▼ 2.0%
Operating profit (loss)9901-€3,533€39€483▲ 1,141%
Financial income75/76B€1---
Recurring financial income75€1---
Financial charges65/66B€19€282€61▼ 78.5%
Recurring financial charges65€19€282€61▼ 78.5%
Profit (loss) for the period before taxes9903-€3,550-€243€422▲ 273%
Profit (loss) for the period9904-€3,550-€243€422▲ 273%
Profit (loss) for the period to be appropriated9905-€3,550-€243€422▲ 273%
Line202120222023Change
Assets
Total assets20/58€27,536€27,447€27,625▲ 0.6%
Formation expenses20€0---
Fixed assets21/28€4,359€3,610€2,880▼ 20.2%
Tangible fixed assets22/27€4,359€3,610€2,880▼ 20.2%
Furniture and vehicles24€674€327€0▼ 100%
Other tangible fixed assets26€3,685€3,283€2,880▼ 12.3%
Current assets29/58€23,176€23,837€24,745▲ 3.8%
Amounts receivable within one year40/41€21,323€22,907€24,119▲ 5.3%
Other amounts receivable41€21,323€22,907€24,119▲ 5.3%
Cash at bank and in hand54/58€1,853€930€625▼ 32.7%
Equity and liabilities
Total equity and liabilities10/49€27,536€27,447€27,625▲ 0.6%
Equity10/15€26,450€26,206€26,628▲ 1.6%
Contributions10/11€30,000€30,000€30,000=
Capital10€30,000€30,000€30,000=
Issued capital100€30,000€30,000€30,000=
Profit (loss) carried forward14-€3,550-€3,794-€3,372▲ 11.1%
Amounts payable17/49€1,086€1,240€997▼ 19.6%
Amounts payable within one year42/48€1,086€1,240€997▼ 19.6%
Trade debts44€1,086€1,240€997▼ 19.6%
Suppliers440/4€1,086€1,240€997▼ 19.6%
Line202120222023Change
Profit (loss) for the period9904-€3,550-€243€422▲ 273%
+ Depreciation and write-downs630€1,625€750€729▼ 2.7%
Operating cash flow (approximation)-€1,925€506€1,151▲ 127%
Investment in fixed assets (approximation)-€0€0-
Change in cash--€923-€304▲ 67.0%

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

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Timeline · acts, filings and financial milestones

2024
09-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
31-12
Financial Back to profitnet €422
Net result €422 after 2 loss-making years.
31-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
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, Antwerpen · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
222 m²
Building footprint
194 m²
Volume, LiDAR
1,825 m³
Parcel 11028A0148/00X000, Flanders · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
GALOTO
Lambrechtshoekenlaan 260, 2170 AntwerpenNACE 45113
since 20202.305.943.485
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11028A0148/00X000 Flanders 222 m² 1 · 193 m² 16.6 m · 5 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded31-07-2020
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.