GALVANODECOR
ActiveGALVANODECOR has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €98k and a net result of €28k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 62% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency98▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.29 against 2.02 in 2023), and 42.2% of the assets are financed with debt.
Credit advice 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-12-2025, 133 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
133 d late
2023
120 d late
2022
105 d late
2021
31 d late
2020
59 d late
2019
54 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€98k=
2023 · €98k
2018: €94k
2019: €97k
2020: €93k
2021: €79k
2022: €90k
2023: €98k
2018 → 2024
Total assets
€169k▼ 7.8%
2023 · €183k
2018: €104k
2019: €107k
2020: €114k
2021: €130k
2022: €112k
2023: €183k
2018 → 2024
Net result
€28k▼ 23.7%
2023 · €36k
2018: €5k
2019: €2k
2020: €-4k
2021: €-14k
2022: €10k
2023: €36k
2018 → 2024
Working capital
€92k▲ 6.2%
2023 · €87k
2018: €87k
2019: €91k
2020: €78k
2021: €65k
2022: €77k
2023: €87k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€93k-€79k▼ 14.6%€90k▲ 13.2%€98k▲ 8.8%€98k=
Operating result€-6k-€-15k▼ 152%€9k€44k▲ 395%€36k▼ 19.0%
Net result€-4k-€-14k▼ 265%€10k€36k▲ 249%€28k▼ 23.7%
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 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €169k
Fixed assets
€5k▼ 49.7%
Current assets
€163k▼ 5.1%
Equity and liabilities €169k
Equity
€98k=
Debt
€71k▼ 16.6%
The debt ratio falls from 46.7% to 42.2%: debt is paid down.
Key figures and ratios
EBITDA
€41k▼
2023 · €49k
Cash flow
€33k▼
2023 · €41k
Solvency
57.8%▲
2023 · 53.3%
Current ratio
2.29▲
2023 · 2.02
Quick ratio
2.18▲
2023 · 2.00
Debt / equity
0.73▼
2023 · 0.87
ROE
28.5%▼
2023 · 37.3%
ROA
16.5%▼
2023 · 19.9%
Interest coverage
249.25▼
2023 · 255.17
Debt
€71k▼
2023 · €85k
Debt ≤ 1 year
€71k▼
2023 · €85k
Income taxes
€11k▲
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€183k€169k▼
Fixed assets21/28€11k€5k▼
Tangible fixed assets22/27€11k€5k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€11k€5k▼
Financial fixed assets28€325€325=
Current assets29/58€172k€163k▼
Stocks and contracts in progress3€2k€8k▲
Stocks30/36€2k€8k▲
Amounts receivable within one year40/41€101k€75k▼
Trade receivables40€60k€16k▼
Other amounts receivable41€41k€58k▲
Current investments50/53€30k€40k▲
Cash at bank and in hand54/58€39k€39k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€183k€169k▼
Equity10/15€98k€98k=
Contributions10/11€19k€19k=
Reserves13€27k€27k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€52k€52k=
Amounts payable17/49€85k€71k▼
Amounts payable within one year42/48€85k€71k▼
Trade debts44€42k€14k▼
Suppliers440/4€42k€14k▼
Taxes, remuneration and social security45€15k€29k▲
Taxes450/3€15k€29k▲
Other amounts payable47/48€29k€28k▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€220€408▲
Non-recurring operating charges66A€0€0▲
Gross operating margin9900€49k€42k▼
Operating profit (loss)9901€44k€36k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€191€165▼
Recurring financial charges65€191€165▼
Profit (loss) for the period before taxes9903€46k€39k▼
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€36k€28k▼
Profit (loss) for the period to be appropriated9905€36k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€80k▼
Profit (loss) brought forward from the previous period14P€45k€52k▲
Profit to be distributed694/7€29k€28k▼
Return on contributions (dividend)694€29k€28k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 133 days late
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 120 days late
2023
31-12
Financial
Highest result since 2018net €36k ▲249%
Operating result €44k, net result €36k, both a record.
13-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 105 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Vorst · 1 establishment unit since 1986
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.
Kaboutersstraat 10-141190 VorstGround area
3,735 m²
Building footprint
2,124 m²
Volume, LiDAR
12,013 m³
Parcel 21384D0086/00L004, Brussels · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COMPUTER SOLUTIONS
since 19862.028.736.786
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0086/00L004 | Brussels | 3,735 m² | 1 · 2,124 m² | 7.5 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.
Similar companies · same sector, comparable size
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BS REPAIR
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Laswerken Schepers
BE 0769.898.205
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MPC SERVICES
BE 0873.648.712
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Ci-Hans
BE 0792.385.773
Waasmunster · Eq €104k
Of 708 companies in sector 25510 we hold annual accounts for 407. 281 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-12-1985
Fiscal year end31-12
Activities, NACEBEL
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
28510
42220Construction of utility projects for electricity and telecommunications
45215
46500Wholesale of information and communication equipment
46660Wholesale trade
47400Retail sale of information and communication equipment
47410Retail trade
51850
52487
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:galvanodecor@renard.lu