Equity
€2.4m ▲ 11.8%
VAN LATHEM GALMART LOGISTICS has made a profit in every financial year since 2014.
VAN LATHEM GALMART LOGISTICS
Lifetime
12 annual accounts with figures on one time axispeak €2.7m (2014)
€1.5m▲ 6.2%
peak €436,178 (2023)
€250,744▲ 8.0%
peak €2.4m (2025)
€2.4m▲ 11.8%
€504,811▼ 20.1%
peak 31.4 FTE (2018)
21 FTE▼ 1.4%
Board3 names since 2020
-
Owners
Documentsfilings and deeds
15-07-202616 days before the deadline
2025financial year
Debts from €631,893 to €504,811Cash from €765,195 to €203,496
Key points
from the 2025 annual accountsTurnover
≈ €4.2m estimated
The accounts state no turnover.
Staff
20 employees on 31-12-2025
In 2025, 18 people joined and 17 left.
Liquidity
7.04 was 5.45 in 2024
Short-term debts fell from €436,864 to €360,584.
Filings
12 annual accounts since 2014
The last five annual accounts were filed 2 to 22 days before the end of the period.
Position in the sector
82.5%
Higher solvency than 90% of companies in specialised construction. Sector median 42.4% · 2,457 companies.
Checked score
95
Excellent
Financially stronger than 76% of small companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,649 companies (NACE 43, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%▲ +0.1 percentage points vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Figures for financial year 2025 (filed on 15-07-2026)
Equity €2.4m (82.5% of total assets)
Profit of €250,744 (financial year 2025)
Founded in 2013
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 95% of them on solvency, 72% on liquidity, 71% on profitability and 65% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as VAN LATHEM GALMART LOGISTICS has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of VAN LATHEM GALMART LOGISTICS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for VAN LATHEM GALMART LOGISTICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €220,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.04 (5.45 in 2024), above the usual 1.5. Short-term debt is 12.5% and cash 7.1% of total assets. 17.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 days early
2024
9 days early
2023
22 days early
2022
3 days early
2021
2 days early
2020
1 day early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- GALMART - VAN LATHEM 100%score 94equity €4.2m (2025) · 2025 annual accounts of GALMART - VAN LATHEM
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0535655873
2 directors resigning
GALMART - VAN LATHEM COMM.VA and Chantal Galmart (day-to-day manager) · Permanent representative: Chantal Galmart · General meeting of 29-06-2022 · Gazette deed
Appointments: Van Lathem Goderik (day-to-day manager) and Galmart Chantal (day-to-day manager)
Board meeting of 01-07-2020 · Gazette deed
First establishment
Brusselsesteenweg 400, Halle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VAN LATHEM GALMART LOGISTICS Halle | €2.9m | €1.5m | 82.5% | 21 |
| RASTLAND Zulte | €3.2m | €1.5m | 29.6% | 15.7 |
| PIERRE THEWISSEN Ciney | €3.4m | €2.2m | 25.9% | 22.2 |
| HANS & ZONEN Lokeren | €2.6m | €0.9m | 9.3% | 21.2 |
| Grondwerken Van Bael Dessel | €3.0m | €1.9m | 17.4% | 15.3 |
| CH. GERON Aubel | €2.8m | €1.5m | 25.6% | 18.5 |
| GSA INFRA Sint-Niklaas | €3.7m | €2.1m | 39.8% | 26 |
These companies have the same main activity as VAN LATHEM GALMART LOGISTICS: site preparation (NACE 43120). They are comparable in size and age: total assets between €2.6m and €3.7m, founded between 2007 and 2013.
Official details
Source: KBO- Status
- Active since 12-06-2013Normal situation
- Activity
- Site preparationNACE 43120and 2 others
- Joint committee
- 140.03Road transport and logistics for third parties · annual accounts 2025
- Establishment unit
- 2.219.760.2721500 Halle, since 24-06-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- €2.9m▲ 4.5%
- Employeeson 31-12-2025
- 20▲ 5.3%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on VAN LATHEM GALMART LOGISTICS
VAN LATHEM GALMART LOGISTICS has existed since 2013. The gross margin fell from €2.7m in 2014 to €1.5m in 2025 and staff from 31.3 to 21 full-time equivalents.
Solvency rose in 2025 from 77.1% to 82.5% because of the retained profit and lower debts.
GALMART - VAN LATHEM holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VAN LATHEM GALMART LOGISTICS
- What is the company number of VAN LATHEM GALMART LOGISTICS?
- The company number of VAN LATHEM GALMART LOGISTICS is 0535.655.873. The VAT number is the same number with BE in front: BE 0535.655.873.
- Where is VAN LATHEM GALMART LOGISTICS based?
- The registered office is at Brusselsesteenweg 400, 1500 Halle.Company details
- What does VAN LATHEM GALMART LOGISTICS do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of VAN LATHEM GALMART LOGISTICS?
- VAN LATHEM GALMART LOGISTICS is a public limited company (NV).
- When was VAN LATHEM GALMART LOGISTICS founded?
- VAN LATHEM GALMART LOGISTICS was founded on 12-06-2013.
- Is VAN LATHEM GALMART LOGISTICS still active?
- Yes, VAN LATHEM GALMART LOGISTICS is an active enterprise in the KBO register.
- How many employees does VAN LATHEM GALMART LOGISTICS have?
- VAN LATHEM GALMART LOGISTICS had an average of 21 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VAN LATHEM GALMART LOGISTICS fall under?
- In its 2025 annual accounts, VAN LATHEM GALMART LOGISTICS states joint committee 140.03 (Road transport and logistics for third parties).
- What is the turnover of VAN LATHEM GALMART LOGISTICS?
- The turnover in financial year 2025 is ≈ €4.2m. This figure is estimated from the gross margin of €1.5m and 67 comparable companies (NACE 43). It probably lies between €3.2m and €5.6m. In financial year 2020 turnover was €3.6m.
- Is VAN LATHEM GALMART LOGISTICS profitable?
- In financial year 2025, VAN LATHEM GALMART LOGISTICS made a profit of €250,744.
- Where can I find the annual accounts of VAN LATHEM GALMART LOGISTICS?
- VAN LATHEM GALMART LOGISTICS filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VAN LATHEM GALMART LOGISTICS due?
- VAN LATHEM GALMART LOGISTICS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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