GLAXY MULTI
InactiveGLAXY MULTI was declared bankrupt on 11-12-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 19-03-2026, published in the Belgian State Gazette on 27-03-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 09-09-2022, 40 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
not filed
2023
not filed
2022
not filed
2021
40 d late
2020
87 d late
2019
585 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€92k▼ 6.2%
2020 · €98k
2018: €297k
2019: €237k
2020: €98k
2018 → 2021
EBIT margin
17.3%▲ 15.7pp
2020 · 1.6%
2018: 1.0%
2019: 0.8%
2020: 1.6%
2018 → 2021
Net result
€16k▲ 996%
2020 · €1k
2018: €3k
2019: €2k
2020: €1k
2018 → 2021
Working capital
€5k
2020 · €-10k
2018: €-14k
2019: €-12k
2020: €-10k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€297k-€237k▼ 20.2%€98k▼ 58.7%€92k▼ 6.2%
Equity€-14k-€-12k▲ 12.9%€-10k▲ 12.2%€5k
Operating result€3k-€2k▼ 33.1%€2k▼ 17.3%€16k▲ 900%
Net result€3k-€2k▼ 39.0%€1k▼ 17.2%€16k▲ 996%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 900% above 2020 and is the highest result in the available series.
Balance-sheet composition
Equity and liabilities €135k
Equity
€5k
Debt
€130k
Debt finances 95.9% of the balance-sheet total.
Key figures and ratios
Solvency
4.1%▲
2020 · -8.9%
Current ratio
1.04▲
2020 · 0.92
Quick ratio
0.74▼
2020 · 0.78
Debt / equity
23.69
ROE
290.1%
ROA
11.8%▲
2020 · 1.2%
Debt
€130k▲
2020 · €128k
Debt ≤ 1 year
€130k▲
2020 · €128k
Staff costs
€5k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€117k€135k▲
Current assets29/58€117k€135k▲
Stocks and contracts in progress3€17k€39k▲
Stocks30/36-€39k
Amounts receivable within one year40/41€811-
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1-€95k
Equity and liabilities
Total equity and liabilities10/49€117k€135k▲
Equity10/15€-10k€5k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-17k€-720▲
Amounts payable17/49€128k€130k▲
Amounts payable within one year42/48€128k€130k▲
Trade debts44€128k€129k▲
Suppliers440/4-€129k
Taxes, remuneration and social security45-€346
Taxes450/3-€346
Income statement
Code20202021
Turnover70€98k€92k▼
Goods, raw materials, services and sundry goods60/61-€71k
Remuneration, social security and pensions62-€5k
Gross operating margin9900€5k€21k▲
Operating profit (loss)9901€2k€16k▲
Recurring financial charges65€139-
Profit (loss) for the period before taxes9903€1k€16k▲
Profit (loss) for the period9904€1k€16k▲
Profit (loss) for the period to be appropriated9905€1k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-720
Profit (loss) brought forward from the previous period14P-€-17k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
27-03
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · GLAXY MULTI SRL RUE DE LAEKEN 24, 1000 BRUXELLES. déclarée le 11 décembre 2023 · event 19-03-2026
2023
19-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · GLAXY MULTI SRL RUE DE LAEKEN 24, 1000 BRUXELLES · event 11-12-2023
2022
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 40 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 585 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 951 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1316 days late
2021
31-12
Financial
Highest result since 2018net €16k ▲996%
Operating result €16k, net result €16k, both a record.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Weakest financial yearnet €1k ▼17.2%
Net result drops to €1k, the lowest in the series.
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 137 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2015
26-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 87 days late
2014
28-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
09-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 9 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANTHONY BOCHON AVENUE LOUISE 522 BOITE 1,
1050 IXELLES |
11-12-2023 → present |