GALP & Co
ActiveSummary
The computed 12-month bankruptcy probability of GALP & Co is 2.1% (moderate). The 2024 annual accounts show equity of €193k and a net result of €40k. Equity is growing by ~49.5% per year across the filed fiscal years. Its solvency ranks better than 59% of 9982 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▼-18
Solvency76▼-23
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 2.98 in 2023; short-term debt: 49.3% and cash: 4.8% of total assets), and 49.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 29-07-2025, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
12 d early
2022
95 d late
2021
6 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€40k▼ 33.8%
2023 · €61k
2021: €5k
2022: €78k
2023: €61k
2021 → 2024
Working capital
€138k▲ 31.8%
2023 · €105k
2021: €6k
2022: €82k
2023: €105k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€8k-€93k▲ 996%€153k▲ 64.7%€193k▲ 26.4%
Operating result€8k-€101k▲ 1,241%€82k▼ 18.4%€62k▼ 24.5%
Net result€5k-€78k▲ 1,329%€61k▼ 22.1%€40k▼ 33.8%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €382k
Fixed assets
€55k ▲ 13.0%
Current assets
€326k ▲ 107%
Equity and liabilities €382k
Equity
€193k ▲ 26.4%
Debt
€188k ▲ 250%
Debt's share of the balance-sheet total rises from 26.0% to 49.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82k▼
2023 · €95k
Cash flow
€60k▼
2023 · €74k
Current ratio
1.73▼
2023 · 2.98
Debt to equity
0.97▲
2023 · 0.35
ROE
20.9%▼
2023 · 39.9%
ROA
10.6%▼
2023 · 29.5%
Interest coverage
10.57▼
2023 · 29.78
Debt ≤ 1 year
€188k▲
2023 · €53k
Income taxes
€14k▼
2023 · €18k
Staff costs
€55k▲
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€207k€382k▲
Fixed assets21/28€49k€55k▲
Intangible fixed assets21€13k€31k▲
Tangible fixed assets22/27€35k€18k▼
Plant, machinery and equipment23€5k€5k▼
Furniture and vehicles24€30k€13k▼
Financial fixed assets28€363€6k▲
Current assets29/58€158k€326k▲
Amounts receivable within one year40/41€118k€177k▲
Trade receivables40€101k€150k▲
Other amounts receivable41€17k€27k▲
Cash at bank and in hand54/58€37k€18k▼
Deferred charges and accrued income490/1€3k€131k▲
Equity and liabilities
Total equity and liabilities10/49€207k€382k▲
Equity10/15€153k€193k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€143k€183k▲
Amounts payable17/49€54k€188k▲
Amounts payable within one year42/48€53k€188k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€11k€176k▲
Suppliers440/4€11k€176k▲
Taxes, remuneration and social security45€25k€4k▼
Taxes450/3€25k-
Remuneration and social security454/9-€4k
Other amounts payable47/48€10k€1k▼
Accrued charges and deferred income492/3€732-
Income statement
Code20232024
Non-recurring operating income76A€193-
Remuneration, social security and pensions62€12k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€20k▲
Other operating charges640/8€11k€9k▼
Non-recurring operating charges66A-€6k
Gross operating margin9900€118k€151k▲
Operating profit (loss)9901€82k€62k▼
Financial income75/76B€14€111▲
Recurring financial income75€14€111▲
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€79k€54k▼
Income taxes67/77€18k€14k▼
Profit (loss) for the period9904€61k€40k▼
Profit (loss) for the period to be appropriated9905€61k€40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€144k€183k▲
Profit (loss) brought forward from the previous period14P€83k€143k▲
Profit to be distributed694/7€889-
Return on contributions (dividend)694€889-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €153k ▲64.7%
3 profitable years in a row build equity to €153k.
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 95 days late
2022
31-12
Financial
Highest result since 2021net €78k ▲1329%
Operating result €101k, net result €78k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Overijse · 1 establishment unit since 2020
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.
Witherendreef 213090 OverijseGround area
158 m²
Building footprint
69 m²
Volume, LiDAR
507 m³
Parcel 23062N0035/02E013, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Witherendreef 21, 3090 Overijse
since 20202.310.846.638
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062N0035/02E013 | Flanders | 158 m² | 1 · 69 m² | 9.1 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
2549005T9AUHDW1LNX36
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,169 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.galpco.com/
E-mail:info@galpco.com