GALVAN
ActiveSummary
GALVAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For GALVAN, one filing cycle of the annual accounts is missing. The 2024 annual accounts show negative equity (-€701,307) and a net result of -€157,436. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 5% of 6167 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: One filing cycle is missing
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 6167 sector peers (2024).
NBB · sector comparisonPosition among 6167 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 151 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline28-09-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 16-05-2025, 16 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
16 d late
2023
on the day
2022
142 d early
2021
19 d early
2020
43 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€701,307▼ 28.9%
2023 · -€543,871
Net result
-€157,436▼ 95,455%
2023 · -€165
Total assets
€2.1m▲ 76,812%
2023 · €2,736
Solvency
-33.3%▲ 19848.6pp
2023 · -19881.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€110,246▼ 17.4%€14,499▼ 86.8%-€15,473-€77▲ 99.5%-€157,447▼ 203,346%
Net result€58,300within the sector's middle half▼ 27.0%€8,598within the sector's middle half▼ 85.3%-€15,426below the sector's middle half-€165below the sector's middle half▲ 98.9%-€157,436below the sector's middle half▼ 95,455%
Equity-€536,877below the sector's middle half▲ 9.8%-€528,280below the sector's middle half▲ 1.6%-€543,706below the sector's middle half▼ 2.9%-€543,871below the sector's middle half=-€701,307below the sector's middle half▼ 28.9%
Total assets€36,755below the sector's middle half▲ 240%€21,268below the sector's middle half▼ 42.1%€4,105below the sector's middle half▼ 80.7%€2,736below the sector's middle half▼ 33.4%€2.1mwithin the sector's middle half▲ 76,812%
Debt€573,633▼ 5.3%€549,548▼ 4.2%€547,810▼ 0.3%€546,606▼ 0.2%€2.8m▲ 413%
Working capital€9,419within the sector's middle half€6,718within the sector's middle half▼ 28.7%-€3,226within the sector's middle half-€543,871below the sector's middle half▼ 16,761%-€819,567below the sector's middle half▼ 50.7%
Solvency-1460.7%below the sector's middle half▲ 4046.6pp-2483.9%below the sector's middle half▼ 1023.2pp-13246.1%below the sector's middle half▼ 10762.2pp-19881.9%below the sector's middle half▼ 6635.8pp-33.3%below the sector's middle half▲ 19848.6pp
Current ratio1.38within the sector's middle half▲ 1.152.06within the sector's middle half▲ 0.690.71within the sector's middle half
Return on assets (ROA)158.6%above the sector's middle half▼ 580.4pp40.4%above the sector's middle half▼ 118.2pp-7.5%below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -95,455% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €157,447 in 2024 against €77 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
Assets €2.1m
Fixed assets
€118,260
Current assets
€2.0m
Key figures and ratios
Debt ≤ 1 year
€2.8m▲
2023 · €546,606
Income taxes
€18▲
2023 · €0
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,742 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €795 | €980 | €2,146 | €0 | €966 | - |
| Other operating charges640/8 | - | €1,289 | €568 | €398 | €367 | ▼ 7.9% |
| Non-recurring operating charges66A | - | €106 | €498 | €0 | - | - |
| Gross operating margin9900 | €114,681 | €16,875 | -€12,262 | €321 | -€156,113 | ▼ 48,738% |
| Operating profit (loss)9901 | €110,246 | €14,499 | -€15,473 | -€77 | -€157,447 | ▼ 203,346% |
| Financial income75/76B | - | €2 | €419 | - | €155 | - |
| Recurring financial income75 | €0 | €2 | €0 | - | €155 | - |
| Non-recurring financial income76B | - | - | €419 | - | - | - |
| Financial charges65/66B | - | €189 | €73 | €87 | €127 | ▲ 45.4% |
| Recurring financial charges65 | €22,478 | €189 | €73 | €87 | €127 | ▲ 45.4% |
| Profit (loss) for the period before taxes9903 | €87,768 | €14,312 | -€15,127 | -€165 | -€157,418 | ▼ 95,444% |
| Income taxes67/77 | €29,468 | €5,714 | €299 | €0 | €18 | - |
| Profit (loss) for the period9904 | €58,300 | €8,598 | -€15,426 | -€165 | -€157,436 | ▼ 95,455% |
| Profit (loss) for the period to be appropriated9905 | €58,300 | €8,598 | -€15,426 | -€165 | -€157,436 | ▼ 95,455% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,755 | €21,268 | €4,105 | €2,736 | €2.1m | ▲ 76,812% |
| Fixed assets21/28 | €2,231 | €8,217 | €0 | - | €118,260 | - |
| Tangible fixed assets22/27 | €1,981 | €7,967 | €0 | - | €48,256 | - |
| Furniture and vehicles24 | - | €7,967 | €0 | - | €48,256 | - |
| Financial fixed assets28 | €250 | €250 | €0 | - | €70,004 | - |
| Current assets29/58 | €34,524 | €13,051 | €4,105 | €2,736 | €2.0m | ▲ 72,489% |
| Amounts receivable within one year40/41 | €667 | €1,270 | €3,833 | €2,568 | €2.0m | ▲ 76,558% |
| Trade receivables40 | - | €0 | €3,833 | €2,445 | €53,900 | ▲ 2,104% |
| Other amounts receivable41 | - | €1,270 | €0 | €123 | €1.9m | ▲ 1,558,399% |
| Cash at bank and in hand54/58 | €33,857 | €11,782 | €272 | €168 | €14,690 | ▲ 8,665% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,454 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,755 | €21,268 | €4,105 | €2,736 | €2.1m | ▲ 76,812% |
| Equity10/15 | -€536,877 | -€528,280 | -€543,706 | -€543,871 | -€701,307 | ▼ 28.9% |
| Contributions10/11 | - | €468,000 | €468,000 | €468,000 | €468,000 | = |
| Reserves13 | €200,836 | €200,836 | €200,836 | €200,836 | €200,836 | = |
| Non-distributable reserves130/1 | - | €46,800 | €46,800 | €46,800 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €46,800 | €46,800 | €46,800 | €0 | ▼ 100% |
| Distributable reserves133 | - | €154,036 | €154,036 | €154,036 | €200,836 | ▲ 30.4% |
| Profit (loss) carried forward14 | -€1.2m | -€1.2m | -€1.2m | -€1.2m | -€1.4m | ▼ 13.0% |
| Amounts payable17/49 | €573,633 | €549,548 | €547,810 | €546,606 | €2.8m | ▲ 413% |
| Amounts payable after more than one year17 | €548,528 | €543,215 | €538,480 | - | - | - |
| Other amounts payable178/9 | - | €543,215 | €538,480 | - | - | - |
| Amounts payable within one year42/48 | €25,105 | €6,333 | €7,330 | €546,606 | €2.8m | ▲ 413% |
| Trade debts44 | €2,021 | €561 | €6,884 | €1,596 | €50,279 | ▲ 3,050% |
| Suppliers440/4 | - | €561 | €6,884 | €1,596 | €50,279 | ▲ 3,050% |
| Taxes, remuneration and social security45 | - | €5,772 | €447 | €0 | €14,062 | - |
| Taxes450/3 | - | €5,772 | €447 | €0 | €14,062 | - |
| Other amounts payable47/48 | - | - | - | €545,010 | €2.7m | ▲ 403% |
| Accrued charges and deferred income492/3 | - | - | €2,000 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,300 | €8,598 | -€15,426 | -€165 | -€157,436 | ▼ 95,455% |
| + Depreciation and write-downs630 | €795 | €980 | €2,146 | €0 | €966 | - |
| Operating cash flow (approximation) | €59,094 | €9,578 | -€13,280 | -€165 | -€156,470 | ▼ 94,868% |
| Investment in fixed assets (approximation) | - | -€6,966 | €6,071 | - | - | - |
| Change in cash | - | -€22,075 | -€11,510 | -€104 | €14,522 | ▲ 14,055% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 16 days late
2024
30-09
Financial
Weakest financial yearnet -€157,436
Net result drops to -€157,436, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity times 6current ratio 1.38
Current ratio from 0.22 to 1.38; short-term debt falls from €42,767 to €25,105.
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €79,865 ▲28,249%
Operating result €133,521, net result €79,865, both a record.
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-02
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 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Harelbeke · 1 establishment unit since 1999
Ground area
1.7 ha
Building footprint
1,745 m²
Volume, LiDAR
8,822 m³
Parcel 34323D0008/00X002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
54
companies at this address
See who is registered here
1 establishment unit
GALVAN CVA
since 19992.092.434.510
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D0008/00X002 | Flanders | 1.7 ha | 1 · 1,745 m² | 10.3 m · 2 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.
Structure & network
Owners and holdings
6 holdings · 7 subsidiaries in the treeOwners 0
The accounts to 30-09-2024 list no shareholders, and no other source names one.
Holdings 6
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
All subsidiaries, including indirect ones 7
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
BRUTOBA TRADING 100%1 subsidiary
- Intergem Belgium 100%
- Cévg Construct 100%
- Cévg Ground 100%
- Cévg Invest 100%
- GF Coordination GmbH 100%
- PALLAS CAMPUS 100%
According to the annual accounts to 30-09-2024 of GALVAN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-07-1999
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
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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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.