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IMMO GALA

Active
Public limited companyfounded 200224 yrs activeGlabbeeksesteenweg 62, 3390 Tielt-Winge, BelgiumKBO/BCE: BE 0478.413.995
Summary

IMMO GALA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€53,522) and a net result of €19,215. Equity remains stable across the filed fiscal years (±0.5% per year). The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100
Solvency0
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2024
Solvency, return and age of the figures
Solvency
-927%
Return on assets
332.8%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 24 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 filings
Deviation from the deadline
2025
not confirmed
2024
60 d late
2023
142 d late
2022
473 d late
2021
80 d early
2020
268 d late
2019
49 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 152 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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

History

On 26 September 2002, IMMO GALA was incorporated.1 The company has filed 22 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€53,522▲ 26.4%
2023 · -€72,737
Total assets
€5,774▲ 54,680%
2020 · €11
Net result
€19,215
2023 · -€2,052
Working capital
-€53,135▲ 16.4%
2020 · -€63,554
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€55▲ 87.5%-€6,870-€2,041▲ 70.3%€19,456
Net result-€90▲ 81.4%-€11▲ 88.3%-€7,120▼ 67,454%-€2,052▲ 71.2%€19,215
Equity-€63,554▼ 0.1%-€63,565=-€70,685▼ 11.2%-€72,737▼ 2.9%-€53,522▲ 26.4%
Total assets€11▼ 89.6%€5,774
Debt€63,565=€63,565=€70,685▲ 11.2%€72,737▲ 2.9%€59,296▼ 18.5%
Working capital-€63,554▼ 0.1%-€53,135
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2020: -€55-€55Net result 2020: -€90-€90Net result 2021: -€11-€11Operating result 2022: -€6,870-€6,870Net result 2022: -€7,120-€7,120Operating result 2023: -€2,041-€2,041Net result 2023: -€2,052-€2,052Operating result 2024: €19,456€19,456Net result 2024: €19,215€19,21520202021202220232024-€10,000€0€10,000€20,000Operating result 2022: -€6,870-€6,870Net result 2022: -€7,120-€7,120Operating result 2023: -€2,041-€2,040Net result 2023: -€2,052-€2,050Operating result 2024: €19,456€19,500Net result 2024: €19,215€19,200202220232024
The operating result returns to profit in 2024: €19,456 after a loss of €2,041 in 2023, the highest result in the available series.
Key figures and ratios
2024 value · change against 2023
Solvency
-927.0%
Current ratio
0.10
ROA
332.8%
Debt ≤ 1 year
€58,909▼
2023 · €72,737
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit of 5% of the balance sheet or more
2.7% went bankrupt
5.3% stopped otherwise
92% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 29 lines
Balance sheet Code20232024
Assets
Total assets20/58-€5,774
Current assets29/58-€5,774
Amounts receivable within one year40/41-€5,774
Trade receivables40-€5,774
Equity and liabilities
Total equity and liabilities10/49-€5,774
Equity10/15-€72,737-€53,522▲
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Profit (loss) carried forward14-€140,937-€121,722▲
Amounts payable17/49€72,737€59,296▼
Amounts payable within one year42/48€72,737€58,909▼
Trade debts44€1,232€607▼
Suppliers440/4€1,232€607▼
Other amounts payable47/48€71,505€58,302▼
Accrued charges and deferred income492/3-€387
Income statement Code20232024
Other operating charges640/8-€387
Gross operating margin9900-€2,041€19,843▲
Operating profit (loss)9901-€2,041€19,456▲
Financial charges65/66B€11€241▲
Recurring financial charges65€11€241▲
Profit (loss) for the period before taxes9903-€2,052€19,215▲
Profit (loss) for the period9904-€2,052€19,215▲
Profit (loss) for the period to be appropriated9905-€2,052€19,215▲
Appropriation of the result
Profit (loss) to be appropriated9906-€140,937-€121,722▲
Profit (loss) brought forward from the previous period14P-€138,885-€140,937▼
Line20202021202220232024Change
Other operating charges640/8--€719-€387-
Gross operating margin9900-€55--€6,151-€2,041€19,843▲ 1,072%
Operating profit (loss)9901-€55--€6,870-€2,041€19,456▲ 1,053%
Financial charges65/66B€36€11€250€11€241▲ 2,092%
Recurring financial charges65€36€11€250€11€241▲ 2,092%
Profit (loss) for the period before taxes9903-€90-€11-€7,120-€2,052€19,215▲ 1,037%
Profit (loss) for the period9904-€90-€11-€7,120-€2,052€19,215▲ 1,037%
Profit (loss) for the period to be appropriated9905-€90-€11-€7,120-€2,052€19,215▲ 1,037%
Line20202021202220232024Change
Assets
Total assets20/58€11---€5,774-
Current assets29/58€11---€5,774-
Amounts receivable within one year40/41----€5,774-
Trade receivables40----€5,774-
Cash at bank and in hand54/58€11-----
Equity and liabilities
Total equity and liabilities10/49€11---€5,774-
Equity10/15-€63,554-€63,565-€70,685-€72,737-€53,522▲ 26.4%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€6,200€6,200€6,200€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Profit (loss) carried forward14-€131,754-€131,765-€138,885-€140,937-€121,722▲ 13.6%
Amounts payable17/49€63,565€63,565€70,685€72,737€59,296▼ 18.5%
Amounts payable within one year42/48€63,565€63,565€70,685€72,737€58,909▼ 19.0%
Trade debts44--€1,446€1,232€607▼ 50.7%
Suppliers440/4--€1,446€1,232€607▼ 50.7%
Other amounts payable47/48€63,565€63,565€69,239€71,505€58,302▼ 18.5%
Accrued charges and deferred income492/3----€387-
Line20202021202220232024Change
Profit (loss) for the period9904-€90-€11-€7,120-€2,052€19,215▲ 1,037%
Operating cash flow (approximation)-€90-€11-€7,120-€2,052€19,215▲ 1,037%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial Back to profitnet €19,215
Net result €19,215 after 6 loss-making years.
20-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 142 days late
15-11
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 473 days late
2022
31-12
Financial Weakest financial yearnet -€7,120
Net result drops to -€7,120, the lowest in the series; recovery starts the following year.
12-05
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
25-04
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 268 days late
2020
18-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
27-05
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
12-03
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 224 days late
2016
30-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tielt-Winge
exact location from the address register On OpenStreetMap
Ground area
1,567 m²
Building footprint
145 m²
Volume, LiDAR
797 m³
Parcel 24101C0073/00G000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24101C0073/00G000 Flanders 1,567 m² 1 · 145 m² 7.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Company details

Identification
Legal formPublic limited company
Founded26-09-2002
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0478413995
Registered 18-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

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