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GALYA

Open bankruptcy
Public limited companyfounded 1988Kolderstraat 124, 3530 Houthalen-Helchteren, BelgiumKBO/BCE: BE 0435.750.526

A bankruptcy procedure is open for GALYA according to publications in the Belgian State Gazette; curator: ELKE ROEBBEN.

Summary

The 2023 annual accounts show equity of €86k and a net result of €-33k.

Signals

Three signals. The signal on the left, the evidence on the right.
+raises riskneutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-06-2024, 54 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
54 d early
2022
31 d late
2021
24 d late
2020
31 d late
2019
2 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2023, micro schema

Equity
€86k▼ 27.4%
2022 · €119k
2018: €219k 2019: €221k 2020: €192k 2021: €156k 2022: €119k
2018 → 2023
Total assets
€880k▼ 13.6%
2022 · €1.02M
2018: €1.22M 2019: €1.12M 2020: €1.15M 2021: €1.07M 2022: €1.02M
2018 → 2023
Net result
€-33k▲ 13.0%
2022 · €-37k
2018: €6k 2019: €2k 2020: €-30k 2021: €-36k 2022: €-37k
2018 → 2023
Working capital
€69k▼ 40.5%
2022 · €117k
2018: €184k 2019: €194k 2020: €168k 2021: €161k 2022: €117k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20192020202120222023Trend
Equity€221k-€192k▼ 13.4%€156k▼ 18.7%€119k▼ 24.0%€86k▼ 27.4%
Operating result€8k-€-26k€-29k▼ 11.9%€-32k▼ 9.9%€-41k▼ 26.3%
Net result€2k-€-30k€-36k▼ 21.0%€-37k▼ 4.5%€-33k▲ 13.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-60k€-40k€-20k€0Operating result 2019: €8k€8kNet result 2019: €2k€2kOperating result 2020: €-26k€-26kNet result 2020: €-30k€-30kOperating result 2021: €-29k€-29kNet result 2021: €-36k€-36kOperating result 2022: €-32k€-32kNet result 2022: €-37k€-37kOperating result 2023: €-41k€-41kNet result 2023: €-33k€-33k20192020202120222023€-60k€-40k€-20k€0Operating result 2021: €-29k€-29kNet result 2021: €-36k€-36kOperating result 2022: €-32k€-32kNet result 2022: €-37k€-37kOperating result 2023: €-41k€-41kNet result 2023: €-33k€-33k202120222023
The operating result stays negative: a loss of €41k in 2023 against €32k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €880k
Fixed assets €17k ▲ 758%
Current assets €864k ▼ 15.0%
Equity and liabilities €880k
Equity €86k ▼ 27.4%
Debt €794k ▼ 11.7%
Debt's share of the balance-sheet total rises from 88.4% to 90.2%. Equity and debt are lower.
Key figures and ratios
2023 value · change against 2022
Current ratio
1.09
2022 · 1.13
Debt to equity
9.24
2022 · 7.59
ROE
-37.8%
2022 · -31.6%
ROA
-3.7%
2022 · -3.7%
Debt ≤ 1 year
€794k
2022 · €900k
Income taxes
€591=
2022 · €591
Staff costs
€5k
2022 · €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 · 2023 against 2022 · 54 lines
Balance sheet Code20222023
Assets
Total assets20/58€1.02M€880k
Fixed assets21/28€2k€17k
Tangible fixed assets22/27€291€15k
Land and buildings22-€15k
Plant, machinery and equipment23-€0
Furniture and vehicles24€291€0
Financial fixed assets28€2k€2k=
Current assets29/58€1.02M€864k
Amounts receivable within one year40/41€999k€855k
Trade receivables40€958k€814k
Other amounts receivable41€41k€41k
Cash at bank and in hand54/58€14k€8k
Deferred charges and accrued income490/1€4k€885
Equity and liabilities
Total equity and liabilities10/49€1.02M€880k
Equity10/15€119k€86k
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Outside capital11€214€214=
Share premium1100/10€214€214=
Reserves13€177k€177k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€171k€171k=
Profit (loss) carried forward14€-121k€-153k
Amounts payable17/49€900k€794k
Amounts payable within one year42/48€900k€794k
Current portion of amounts payable after more than one year42€35k€2k
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€584k€526k
Suppliers440/4€584k€526k
Taxes, remuneration and social security45€11k€2k
Taxes450/3€1k€1k
Remuneration and social security454/9€10k€714
Other amounts payable47/48€170k€165k
Income statement Code20222023
Non-recurring operating income76A€2k€329
Remuneration, social security and pensions62€4k€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k-
Other operating charges640/8€3k€1k
Non-recurring operating charges66A€12k€289
Gross operating margin9900€-796€-34k
Operating profit (loss)9901€-32k€-41k
Financial income75/76B€674€15k
Recurring financial income75€674€180
Non-recurring financial income76B-€15k
Financial charges65/66B€5k€6k
Recurring financial charges65€5k€6k
Profit (loss) for the period before taxes9903€-37k€-32k
Income taxes67/77€591€591=
Profit (loss) for the period9904€-37k€-33k
Profit (loss) for the period to be appropriated9905€-37k€-33k
Appropriation of the result
Profit (loss) to be appropriated9906€-121k€-153k
Profit (loss) brought forward from the previous period14P€-84k€-121k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2024
10-07
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · GALYA NV KOLDER- STRAAT 124, 3530 HOUTHALEN-HELCHTEREN · event 03-07-2024
07-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series.
24-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
29-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
08-06
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Houthalen-Helchteren · 1 establishment unit since 1993
establishment The establishment unit on the map
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.

Kolderstraat 1243530 Houthalen-Helchteren
Ground area
1,554 m²
Building footprint
233 m²
Volume, LiDAR
1,027 m³
Parcel 72015A1059/00D000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kolderstraat 124, 3530 Houthalen-Helchteren
Manufacture of machinery and equipment not elsewhere classified
since 19932.102.727.594
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
72015A1059/00D000 Flanders 1,554 m² 1 · 233 m² 6.7 m · 1 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator ELKE ROEBBEN
HEMELINGENSTRAAT 37 B 1, 3700 TONGEREN
03-07-2024present

Similar companies · same sector, comparable size

Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 13,181 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 formPublic limited company
Founded08-11-1988
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.