GALVAN
ActiveSummary
The computed 12-month bankruptcy probability of GALVAN is 1.9% (moderate). The 2024 annual accounts show equity of €10k 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 18936 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.
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
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 →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€10k▲ 3.9%
2023 · €10k
2018: €2klowest in 7 years
2019: €3k▲ +11.8% vs 2018
2020: €23k▲ +771% vs 2019
2021: €23k▲ +1.1% vs 2020highest in 7 years
2022: €11k▼ -49.8% vs 2021
2023: €10k▼ -16.4% vs 2022
2024: €10k▲ +3.9% vs 2023
2018 → 2024
Total assets
€16k▲ 14.0%
2023 · €14k
2018: €16k
2019: €13k▼ -23.5% vs 2018lowest in 7 years
2020: €30k▲ +139% vs 2019highest in 7 years
2021: €28k▼ -7.1% vs 2020
2022: €17k▼ -40.2% vs 2021
2023: €14k▼ -18.2% vs 2022
2024: €16k▲ +14.0% vs 2023
2018 → 2024
Net result
€373
2023 · €-2k
2018: €691
2019: €272▼ -60.6% vs 2018
2020: €20k▲ +7221% vs 2019highest in 7 years
2021: €250▼ -98.7% vs 2020
2022: €-11k▼ -4642% vs 2021lowest in 7 years
2023: €-2k▲ +83.5% vs 2022
2024: €373▲ +120% vs 2023
2018 → 2024
Working capital
€4k▼ 26.0%
2023 · €5k
2018: €-2klowest in 7 years
2019: €-943▲ +45.5% vs 2018
2020: €17k▲ +1913% vs 2019
2021: €19k▲ +9.1% vs 2020highest in 7 years
2022: €8k▼ -58.6% vs 2021
2023: €5k▼ -35.7% vs 2022
2024: €4k▼ -26.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€23k▲ 1.1%€11k▼ 49.8%€10k▼ 16.4%€10k▲ 3.9%
2020: €23k
2021: €23k▲ +1.1% vs 2020highest in 5 years
2022: €11k▼ -49.8% vs 2021
2023: €10k▼ -16.4% vs 2022lowest in 5 years
2024: €10k▲ +3.9% vs 2023
Operating result€23k-€3k▼ 88.9%€-10k€-189▲ 98.2%€1k
2020: €23khighest in 5 years
2021: €3k▼ -88.9% vs 2020
2022: €-10k▼ -515% vs 2021lowest in 5 years
2023: €-189▲ +98.2% vs 2022
2024: €1k▲ +640% vs 2023
Net result€20k-€250▼ 98.7%€-11k€-2k▲ 83.5%€373
2020: €20khighest in 5 years
2021: €250▼ -98.7% vs 2020
2022: €-11k▼ -4642% vs 2021lowest in 5 years
2023: €-2k▲ +83.5% vs 2022
2024: €373▲ +120% vs 2023
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: €1k after a loss of €189 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16k
Fixed assets
€6k ▲ 32.8%
Current assets
€9k ▲ 4.0%
Equity and liabilities €16k
Equity
€10k ▲ 3.9%
Debt
€6k ▲ 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
€3k▲
2023 · €999
Cash flow
€2k▲
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
€6k▲
2023 · €4k
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 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€14k€16k▲
Fixed assets21/28€5k€6k▲
Tangible fixed assets22/27€5k€6k▲
Furniture and vehicles24€3k€5k▲
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€130€130=
Current assets29/58€9k€9k▲
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€2k€2k▲
Trade receivables40€374€1k▲
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€4k€4k▲
Deferred charges and accrued income490/1€330€572▲
Equity and liabilities
Total equity and liabilities10/49€14k€16k▲
Equity10/15€10k€10k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-9k€-9k▲
Amounts payable17/49€4k€6k▲
Amounts payable within one year42/48€4k€6k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Other amounts payable47/48€396€3k▲
Accrued charges and deferred income492/3€126€11▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€491€351▼
Gross operating margin9900€1k€3k▲
Operating profit (loss)9901€-189€1k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2k€648▼
Recurring financial charges65€2k€648▼
Profit (loss) for the period before taxes9903€-2k€373▲
Profit (loss) for the period9904€-2k€373▲
Profit (loss) for the period to be appropriated9905€-2k€373▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-9k▲
Profit (loss) brought forward from the previous period14P€-7k€-9k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €872 | €1k | €2k | ▲ 73.6% |
| Other operating charges640/8 | - | €607 | €273 | €491 | €351 | ▼ 28.4% |
| Gross operating margin9900 | €25k | €6k | €-9k | €1k | €3k | ▲ 131% |
| Operating profit (loss)9901 | €23k | €3k | €-10k | €-189 | €1k | ▲ 640% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €2k | €915 | €2k | €648 | ▼ 61.5% |
| Recurring financial charges65 | €2k | €2k | €915 | €2k | €648 | ▼ 61.5% |
| Profit (loss) for the period before taxes9903 | €21k | €704 | €-11k | €-2k | €373 | ▲ 120% |
| Income taxes67/77 | €1k | €454 | - | - | - | - |
| Profit (loss) for the period9904 | €20k | €250 | €-11k | €-2k | €373 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €20k | €250 | €-11k | €-2k | €373 | ▲ 120% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30k | €28k | €17k | €14k | €16k | ▲ 14.0% |
| Fixed assets21/28 | €5k | €5k | €4k | €5k | €6k | ▲ 32.8% |
| Tangible fixed assets22/27 | €5k | €4k | €4k | €5k | €6k | ▲ 33.7% |
| Furniture and vehicles24 | - | €4k | €4k | €3k | €5k | ▲ 73.3% |
| Other tangible fixed assets26 | - | - | - | €2k | €1k | ▼ 23.4% |
| Financial fixed assets28 | €80 | €80 | €130 | €130 | €130 | = |
| Current assets29/58 | €25k | €23k | €13k | €9k | €9k | ▲ 4.0% |
| Stocks and contracts in progress3 | €3k | €3k | €2k | €3k | €2k | ▼ 23.9% |
| Stocks30/36 | - | €3k | €2k | €3k | €2k | ▼ 23.9% |
| Amounts receivable within one year40/41 | €4k | €6k | €3k | €2k | €2k | ▲ 22.5% |
| Trade receivables40 | - | €494 | €374 | €374 | €1k | ▲ 272% |
| Other amounts receivable41 | - | €5k | €3k | €2k | €1k | ▼ 34.7% |
| Cash at bank and in hand54/58 | €17k | €14k | €7k | €4k | €4k | ▲ 8.0% |
| Deferred charges and accrued income490/1 | - | €357 | €422 | €330 | €572 | ▲ 73.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30k | €28k | €17k | €14k | €16k | ▲ 14.0% |
| Equity10/15 | €23k | €23k | €11k | €10k | €10k | ▲ 3.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €4k | €4k | €-7k | €-9k | €-9k | ▲ 4.1% |
| Amounts payable17/49 | €7k | €5k | €5k | €4k | €6k | ▲ 37.8% |
| Amounts payable within one year42/48 | €7k | €5k | €5k | €4k | €6k | ▲ 42.0% |
| Trade debts44 | €3k | €1k | €1k | €1k | €2k | ▲ 38.7% |
| Suppliers440/4 | - | €1k | €1k | €1k | €2k | ▲ 38.7% |
| Taxes, remuneration and social security45 | - | €3k | €2k | €2k | €1k | ▼ 50.0% |
| Taxes450/3 | - | €3k | €2k | €2k | €1k | ▼ 50.0% |
| Other amounts payable47/48 | - | €808 | €2k | €396 | €3k | ▲ 541% |
| Accrued charges and deferred income492/3 | - | €421 | - | €126 | €11 | ▼ 91.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €250 | €-11k | €-2k | €373 | ▲ 120% |
| + Depreciation and write-downs630 | €2k | €2k | €872 | €1k | €2k | ▲ 73.6% |
| Operating cash flow (approximation) | €22k | €3k | €-10k | €-685 | €2k | ▲ 456% |
| Investment in fixed assets (approximation) | - | €-1k | €-50 | €-2k | €-4k | ▼ 64.1% |
| Change in cash | - | €-2k | €-7k | €-4k | €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 €-11k
Net result drops to €-11k, 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 €20k ▲7,221%
Operating result €23k, net result €20k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.30
Current ratio from 0.91 to 3.30; short-term debt falls from €10k to €7k.
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 21,853 companies in sector 56112 we hold annual accounts for 9,776. 6,892 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.