GALT
ActiveSummary
GALT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €611k and a net result of €366k. Equity is growing by ~55.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency78▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.18 against 1.93 in 2023; short-term debt: 33.1% and cash: 34.6% of total assets), and 47.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.8%
Return on assets
31.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
61 d late
2022
46 d late
2021
29 d early
2020
89 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€611k▲ 40.3%
2023 · €435k
2018: €14k
2019: €105k
2020: €105k
2021: €214k
2022: €200k
2023: €435k
2018 → 2024
Total assets
€1.16M▲ 23.5%
2023 · €936k
2018: €424k
2019: €559k
2020: €726k
2021: €769k
2022: €749k
2023: €936k
2018 → 2024
Net result
€366k▼ 2.4%
2023 · €375k
2018: €73k
2019: €169k
2020: €194k
2021: €229k
2022: €226k
2023: €375k
2018 → 2024
Working capital
€453k▲ 57.8%
2023 · €287k
2018: €-51k
2019: €31k
2020: €-1k
2021: €90k
2022: €71k
2023: €287k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€105k-€214k▲ 103%€200k▼ 6.7%€435k▲ 118%€611k▲ 40.3%
Operating result€252k-€320k▲ 27.2%€297k▼ 7.3%€533k▲ 79.3%€519k▼ 2.6%
Net result€194k-€229k▲ 18.1%€226k▼ 1.5%€375k▲ 66.4%€366k▼ 2.4%
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 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.16M
Fixed assets
€320k ▼ 6.0%
Current assets
€836k ▲ 40.3%
Equity and liabilities €1.16M
Equity
€611k ▲ 40.3%
Debt
€545k ▲ 8.8%
Debt's share of the balance-sheet total falls from 53.5% to 47.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€550k▼
2023 · €562k
Cash flow
€398k▼
2023 · €404k
Current ratio
2.18▲
2023 · 1.93
Debt to equity
0.89▼
2023 · 1.15
ROE
60.0%▼
2023 · 86.2%
ROA
31.7%▼
2023 · 40.1%
Interest coverage
102.41▲
2023 · 102.05
Debt ≤ 1 year
€383k▲
2023 · €309k
Debt > 1 year
€160k▼
2023 · €190k
Income taxes
€151k▼
2023 · €153k
Staff costs
€672▲
2023 · €41
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€936k€1.16M▲
Fixed assets21/28€341k€320k▼
Tangible fixed assets22/27€341k€320k▼
Land and buildings22€306k€290k▼
Plant, machinery and equipment23€6k€7k▲
Furniture and vehicles24€28k€23k▼
Current assets29/58€596k€836k▲
Amounts receivable within one year40/41€393k€425k▲
Trade receivables40€370k€370k=
Other amounts receivable41€22k€55k▲
Current investments50/53€5k€2k▼
Cash at bank and in hand54/58€192k€400k▲
Deferred charges and accrued income490/1€6k€9k▲
Equity and liabilities
Total equity and liabilities10/49€936k€1.16M▲
Equity10/15€435k€611k▲
Contributions10/11€100€100=
Reserves13€435k€611k▲
Distributable reserves133€435k€611k▲
Amounts payable17/49€501k€545k▲
Amounts payable after more than one year17€190k€160k▼
Financial debts170/4€190k€160k▼
Amounts payable within one year42/48€309k€383k▲
Current portion of amounts payable after more than one year42€30k€30k▲
Trade debts44€6k€12k▲
Suppliers440/4€6k€12k▲
Taxes, remuneration and social security45€175k€184k▲
Taxes450/3€174k€184k▲
Remuneration and social security454/9€145-
Other amounts payable47/48€98k€156k▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€41€672▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€31k▲
Other operating charges640/8€6k€4k▼
Gross operating margin9900€567k€555k▼
Operating profit (loss)9901€533k€519k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€529k€517k▼
Income taxes67/77€153k€151k▼
Profit (loss) for the period9904€375k€366k▼
Profit (loss) for the period to be appropriated9905€375k€366k▼
Appropriation of the result
Profit (loss) to be appropriated9906€375k€366k▼
Transfer from equity791/2-€91k
Transfer to equity691/2€235k€266k▲
To other reserves6921€235k€266k▲
Profit to be distributed694/7€140k€191k▲
Return on contributions (dividend)694€140k€191k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Equity above €500kEq €611k ▲40.3%
7 profitable years in a row build equity to €611k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €375k ▲66.4%
Operating result €533k, net result €375k, both a record.
31-12
Financial
Equity above €200kEq €435k ▲118%
6 profitable years in a row build equity to €435k.
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
2022
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €214k ▲103%
4 profitable years in a row build equity to €214k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Equity above €100kEq €105k ▲636%
2 profitable years in a row build equity to €105k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Show earlier events
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-04
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.
Directors · office · real estate
Directors
4 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, Bonheiden · 2 establishment units since 2011
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.
Gestellei 12820 BonheidenGround area
2,161 m²
Building footprint
202 m²
Volume, LiDAR
1,480 m³
2 parcels, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Galt
since 20112.196.398.318
Lange Schipstraat 1, 2800 Mechelen
since 20232.351.817.161
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005A0302/00L000 | Flanders | 2,010 m² | 1 · 120 m² | 10.0 m · 2 fl. |
| 12025D1318/00A000 | Flanders | 151 m² | 1 · 81 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMechelen2.351.817.161
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 11,065 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
Founded16-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
64210Activities of holding companies
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.