FINANCIERE GAEL
ActiveFINANCIERE GAEL has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.27M and a net result of €3.21M. Equity is growing by ~16.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+13
Solvency100▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 5.67 against 0.01 in 2024; short-term debt: 11.4% and cash: 1% of total assets), and 11.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.5%
Return on assets
30.6%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
26 d late
2023
50 d late
2022
31 d late
2021
44 d late
2020
30 d late
2019
102 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3.21M
2024 · €-25k
2018: €-56k
2019: €-58k
2020: €-59k
2021: €-60k
2022: €2.98M
2023: €-621k
2024: €-25k
2018 → 2025
Working capital
€5.59M
2024 · €-9.88M
2018: €103k
2019: €29k
2020: €-56k
2021: €-144k
2022: €2.86M
2023: €3.28M
2024: €-9.88M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.73M-€6.71M▲ 79.8%€6.09M▼ 9.3%€11.29M▲ 85.5%€9.27M▼ 17.9%
Operating result€-60k-€-61k▼ 1.8%€-918k▼ 1,404%€-52k▲ 94.3%€-36k▲ 30.3%
Net result€-60k-€2.98M€-621k€-25k▲ 96.0%€3.21M
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2025 against €52k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.47M
Fixed assets
€3.69M▼ 82.7%
Current assets
€6.78M▲ 8,229%
Equity and liabilities €10.47M
Equity
€9.27M▼ 17.9%
Debt
€1.20M▼ 88.1%
The debt ratio falls from 47.2% to 11.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-30k
Cash flow
€3.21M
Solvency
88.5%▲
2024 · 52.8%
Current ratio
5.67▲
2024 · 0.01
Quick ratio
5.67▲
2024 · 0.01
Debt / equity
0.13▼
2024 · 0.89
ROE
34.6%▲
2024 · -0.2%
ROA
30.6%▲
2024 · -0.1%
Interest coverage
-25.44
Debt
€1.20M▼
2024 · €10.07M
Debt ≤ 1 year
€1.19M▼
2024 · €9.96M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€21.36M€10.47M▼
Fixed assets21/28€21.28M€3.69M▼
Intangible fixed assets21-€17k
Financial fixed assets28€21.28M€3.67M▼
Current assets29/58€81k€6.78M▲
Amounts receivable within one year40/41€206€2.09M▲
Other amounts receivable41€206€2.09M▲
Current investments50/53-€4.40M
Cash at bank and in hand54/58€81k€100k▲
Deferred charges and accrued income490/1€393€191k▲
Equity and liabilities
Total equity and liabilities10/49€21.36M€10.47M▼
Equity10/15€11.29M€9.27M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€5.23M-
Reserves13€6.01M€6.01M=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€6.00M€6.00M=
Profit (loss) carried forward14€-8k€3.20M▲
Amounts payable17/49€10.07M€1.20M▼
Amounts payable within one year42/48€9.96M€1.19M▼
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€14k€254k▲
Taxes450/3€14k€254k▲
Other amounts payable47/48€9.94M€937k▼
Accrued charges and deferred income492/3€114k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€6k
Other operating charges640/8€4k€2k▼
Gross operating margin9900€-49k€-29k▲
Operating profit (loss)9901€-52k€-36k▲
Financial income75/76B€27k€3.24M▲
Recurring financial income75€27k€245k▲
Non-recurring financial income76B-€3.00M
Financial charges65/66B€30€1k▲
Recurring financial charges65€30€1k▲
Profit (loss) for the period before taxes9903€-25k€3.21M▲
Profit (loss) for the period9904€-25k€3.21M▲
Profit (loss) for the period to be appropriated9905€-25k€3.21M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€3.20M▲
Profit (loss) brought forward from the previous period14P€17k€-8k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
28-01
State Gazette act
RestructuringMerger · Accounting effect · Shareholding3 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Shareholding3 facts ▸
- Merger, fusion par absorption
- Accounting effect, 2025-07-01
- Shareholding, 1250 actions
2025
31-12
Financial
Back to profitnet €3.21M
Net result €3.21M after 2 loss-making years.
31-12
Financial
Liquidity times 694current ratio 5.67
Current ratio from 0.01 to 5.67; short-term debt falls from €9.96M to €1.19M.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Equity above €10MEq €11.29M ▲85.5%
Equity rises from €6.09M to €11.29M.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 50 days late
2023
31-12
Financial
Weakest financial yearnet €-621k ▼121%
Net result drops to €-621k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €2.98M
Net result €2.98M after 4 loss-making years.
31-12
Financial
Liquidity times 31current ratio 11.95
Current ratio from 0.39 to 11.95.
31-12
Financial
Equity above €5MEq €6.71M ▲79.8%
Equity rises from €3.73M to €6.71M.
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 44 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 102 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 61 days late
Financial milestoneState Gazette actNBB 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 1997
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.
Galliërslaan 331040 EtterbeekGround area
295 m²
Building footprint
127 m²
Volume, LiDAR
2,117 m³
Parcel 21005A0521/00P002, Brussels · tallest building 21.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Galliërslaan 33, 1040 Etterbeek
since 19972.080.180.836
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0521/00P002 | Brussels | 295 m² | 1 · 127 m² | 21.7 m · 6 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.
Structure & network
Acquisitions and mergers
1 transactionTook over:FINANCIERE GAEL
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-01-1997
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.