GALVAN
ActiveSummary
The computed 12-month bankruptcy probability of GALVAN is 1.9% (moderate). The 2024 annual accounts show equity of €9,935 and a net result of €373. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 18932 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability61▲+54
Solvency89▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.66 against 2.26 in 2023; short-term debt: 36% and cash: 27% of total assets), and 36% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
64%
Return on assets
2.4%
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 25-08-2025, 25 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
25 d late
2023
28 d late
2022
4 d early
2021
26 d late
2020
31 d late
2019
92 d late
← 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 33 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€9,935▲ 3.9%
2023 · €9,562
Total assets
€15,528▲ 14.0%
2023 · €13,621
Net result
€373
2023 · -€1,872
Working capital
€3,674▼ 26.0%
2023 · €4,964
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€22,637▲ 3,780%€2,512▼ 88.9%-€10,426-€189▲ 98.2%€1,021
Net result€19,939▲ 7,221%€250▼ 98.7%-€11,341-€1,872▲ 83.5%€373
Equity€22,526▲ 771%€22,775▲ 1.1%€11,435▼ 49.8%€9,562▼ 16.4%€9,935▲ 3.9%
Total assets€29,985▲ 139%€27,858▼ 7.1%€16,659▼ 40.2%€13,621▼ 18.2%€15,528▲ 14.0%
Debt€7,459▼ 25.2%€5,083▼ 31.9%€5,224▲ 2.8%€4,059▼ 22.3%€5,593▲ 37.8%
Working capital€17,108€18,662▲ 9.1%€7,722▼ 58.6%€4,964▼ 35.7%€3,674▼ 26.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1,021 after a loss of €189 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15,528
Fixed assets
€6,272 ▲ 32.8%
Current assets
€9,256 ▲ 4.0%
Equity and liabilities €15,528
Equity
€9,935 ▲ 3.9%
Debt
€5,593 ▲ 37.8%
Debt's share of the balance-sheet total rises from 29.8% to 36.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,083▲
2023 · €999
Cash flow
€2,435▲
2023 · -€685
Current ratio
1.66▼
2023 · 2.26
Quick ratio
1.29▼
2023 · 1.58
Debt to equity
0.56▲
2023 · 0.42
ROE
3.8%▲
2023 · -19.6%
ROA
2.4%▲
2023 · -13.7%
Interest coverage
4.76▲
2023 · 0.59
Debt ≤ 1 year
€5,583▲
2023 · €3,933
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 | €1,912 | €2,382 | €872 | €1,188 | €2,062 | ▲ 73.6% |
| Other operating charges640/8 | - | €607 | €273 | €491 | €351 | ▼ 28.4% |
| Gross operating margin9900 | €24,719 | €5,501 | -€9,281 | €1,489 | €3,434 | ▲ 131% |
| Operating profit (loss)9901 | €22,637 | €2,512 | -€10,426 | -€189 | €1,021 | ▲ 640% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €1,808 | €915 | €1,683 | €648 | ▼ 61.5% |
| Recurring financial charges65 | €1,612 | €1,808 | €915 | €1,683 | €648 | ▼ 61.5% |
| Profit (loss) for the period before taxes9903 | €21,025 | €704 | -€11,341 | -€1,872 | €373 | ▲ 120% |
| Income taxes67/77 | €1,086 | €454 | - | - | - | - |
| Profit (loss) for the period9904 | €19,939 | €250 | -€11,341 | -€1,872 | €373 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €19,939 | €250 | -€11,341 | -€1,872 | €373 | ▲ 120% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,985 | €27,858 | €16,659 | €13,621 | €15,528 | ▲ 14.0% |
| Fixed assets21/28 | €5,450 | €4,534 | €3,712 | €4,725 | €6,272 | ▲ 32.8% |
| Tangible fixed assets22/27 | €5,370 | €4,454 | €3,582 | €4,595 | €6,142 | ▲ 33.7% |
| Furniture and vehicles24 | - | €4,454 | €3,582 | €2,710 | €4,698 | ▲ 73.3% |
| Other tangible fixed assets26 | - | - | - | €1,884 | €1,444 | ▼ 23.4% |
| Financial fixed assets28 | €80 | €80 | €130 | €130 | €130 | = |
| Current assets29/58 | €24,535 | €23,324 | €12,947 | €8,896 | €9,256 | ▲ 4.0% |
| Stocks and contracts in progress3 | €2,535 | €2,653 | €2,263 | €2,684 | €2,041 | ▼ 23.9% |
| Stocks30/36 | - | €2,653 | €2,263 | €2,684 | €2,041 | ▼ 23.9% |
| Amounts receivable within one year40/41 | €4,325 | €5,842 | €2,879 | €2,001 | €2,451 | ▲ 22.5% |
| Trade receivables40 | - | €494 | €374 | €374 | €1,389 | ▲ 272% |
| Other amounts receivable41 | - | €5,349 | €2,505 | €1,627 | €1,062 | ▼ 34.7% |
| Cash at bank and in hand54/58 | €16,613 | €14,471 | €7,382 | €3,882 | €4,191 | ▲ 8.0% |
| Deferred charges and accrued income490/1 | - | €357 | €422 | €330 | €572 | ▲ 73.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,985 | €27,858 | €16,659 | €13,621 | €15,528 | ▲ 14.0% |
| Equity10/15 | €22,526 | €22,775 | €11,435 | €9,562 | €9,935 | ▲ 3.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €3,926 | €4,175 | -€7,165 | -€9,038 | -€8,665 | ▲ 4.1% |
| Amounts payable17/49 | €7,459 | €5,083 | €5,224 | €4,059 | €5,593 | ▲ 37.8% |
| Amounts payable within one year42/48 | €7,427 | €4,662 | €5,224 | €3,933 | €5,583 | ▲ 42.0% |
| Trade debts44 | €2,804 | €1,264 | €1,352 | €1,437 | €1,993 | ▲ 38.7% |
| Suppliers440/4 | - | €1,264 | €1,352 | €1,437 | €1,993 | ▲ 38.7% |
| Taxes, remuneration and social security45 | - | €2,590 | €1,541 | €2,100 | €1,050 | ▼ 50.0% |
| Taxes450/3 | - | €2,590 | €1,541 | €2,100 | €1,050 | ▼ 50.0% |
| Other amounts payable47/48 | - | €808 | €2,332 | €396 | €2,540 | ▲ 541% |
| Accrued charges and deferred income492/3 | - | €421 | - | €126 | €11 | ▼ 91.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,939 | €250 | -€11,341 | -€1,872 | €373 | ▲ 120% |
| + Depreciation and write-downs630 | €1,912 | €2,382 | €872 | €1,188 | €2,062 | ▲ 73.6% |
| Operating cash flow (approximation) | €21,851 | €2,632 | -€10,469 | -€685 | €2,435 | ▲ 456% |
| Investment in fixed assets (approximation) | - | -€1,467 | -€50 | -€2,200 | -€3,609 | ▼ 64.1% |
| Change in cash | - | -€2,141 | -€7,089 | -€3,500 | €309 | ▲ 109% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Back to profitnet €373
Net result €373 after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€11,341
Net result drops to -€11,341, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €19,939 ▲7,221%
Operating result €22,637, net result €19,939, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.30
Current ratio from 0.91 to 3.30; short-term debt falls from €9,975 to €7,427.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tubize · 1 establishment unit since 2009
Ground area
884 m²
Building footprint
220 m²
Volume, LiDAR
1,537 m³
2 parcels, Flanders, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FRITUUR SABINE & SERGE
since 20092.177.607.834
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25019A0129/00B002 | Wallonia | 764 m² | 1 · 106 m² | 7.7 m · 2 fl. |
| 23069A0116/00K012 | Flanders | 120 m² | 1 · 114 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 siteSint-Pieters-Leeuw2.177.607.834
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,776. 6,889 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
Founded20-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
Scores and ratios are computed by Checked and are not a credit decision.