GALILEO ENERGY
ActiveSummary
GALILEO ENERGY has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.09M and a net result of €147k. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 17.78 against 6.39 in 2024; short-term debt: 4% and cash: 60.4% of total assets), and 9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
91%
Return on assets
12.3%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
22 d early
2023
27 d early
2022
7 d early
2021
51 d early
2020
25 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.09M▲ 15.7%
2024 · €938k
2018: €198k
2019: €275k
2020: €311k
2021: €304k
2022: €470k
2023: €779k
2024: €938k
2018 → 2025
Total assets
€1.19M▲ 5.2%
2024 · €1.13M
2018: €306k
2019: €377k
2020: €459k
2021: €420k
2022: €662k
2023: €982k
2024: €1.13M
2018 → 2025
Net result
€147k▼ 38.9%
2024 · €241k
2018: €31k
2019: €86k
2020: €152k
2021: €25k
2022: €212k
2023: €333k
2024: €241k
2018 → 2025
Working capital
€808k▲ 10.9%
2024 · €728k
2018: €257k
2019: €295k
2020: €315k
2021: €329k
2022: €439k
2023: €753k
2024: €728k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€304k-€470k▲ 54.6%€779k▲ 65.9%€938k▲ 20.4%€1.09M▲ 15.7%
Operating result€23k-€273k▲ 1,069%€450k▲ 64.5%€324k▼ 27.9%€198k▼ 38.8%
Net result€25k-€212k▲ 765%€333k▲ 57.0%€241k▼ 27.7%€147k▼ 38.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€336k ▲ 24.7%
Current assets
€856k ▼ 0.8%
Equity and liabilities €1.19M
Equity
€1.09M ▲ 15.7%
Provisions
€59k ▼ 1.5%
Debt
€48k ▼ 64.3%
Debt's share of the balance-sheet total falls from 11.9% to 4.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€244k▼
2024 · €357k
Cash flow
€193k▼
2024 · €274k
Current ratio
17.78▲
2024 · 6.39
Quick ratio
15.44▲
2024 · 6.01
Debt to equity
0.04▼
2024 · 0.14
ROE
13.6%▼
2024 · 25.7%
ROA
12.3%▼
2024 · 21.3%
Interest coverage
350.56▲
2024 · 206.83
Debt ≤ 1 year
€48k▼
2024 · €135k
Income taxes
€60k▼
2024 · €103k
Staff costs
€-3k▼
2024 · €45k
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 · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.13M€1.19M▲
Fixed assets21/28€270k€336k▲
Tangible fixed assets22/27€270k€336k▲
Land and buildings22€210k€244k▲
Plant, machinery and equipment23€6k€66k▲
Furniture and vehicles24€53k€27k▼
Current assets29/58€863k€856k▼
Stocks and contracts in progress3€52k€113k▲
Stocks30/36€52k€113k▲
Amounts receivable within one year40/41€87k€21k▼
Trade receivables40€48k€21k▼
Other amounts receivable41€39k€0▼
Current investments50/53€225k€0▼
Cash at bank and in hand54/58€496k€720k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.19M▲
Equity10/15€938k€1.09M▲
Reserves13€938k€1.09M▲
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€933k€1.08M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€60k€59k▼
Provisions for liabilities and charges160/5€60k€59k▼
Environmental obligations163€0-
Other liabilities and charges164/5€60k€59k▼
Amounts payable17/49€135k€48k▼
Amounts payable within one year42/48€135k€48k▼
Current portion of amounts payable after more than one year42€20k€3k▼
Trade debts44€12k€24k▲
Suppliers440/4€12k€24k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€19k€20k▲
Taxes450/3€19k€20k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€83k€957▼
Income statement
Code20242025
Remuneration, social security and pensions62€45k€-3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€46k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-900
Other operating charges640/8€2k€2k▲
Gross operating margin9900€403k€243k▼
Operating profit (loss)9901€324k€198k▼
Financial income75/76B€21k€9k▼
Recurring financial income75€21k€9k▼
Non-recurring financial income76B€0-
Financial charges65/66B€2k€697▼
Recurring financial charges65€2k€697▼
Profit (loss) for the period before taxes9903€344k€207k▼
Income taxes67/77€103k€60k▼
Profit (loss) for the period9904€241k€147k▼
Profit (loss) for the period to be appropriated9905€241k€147k▼
Appropriation of the result
Profit (loss) to be appropriated9906€241k€147k▼
Transfer from equity791/2€82k€0▼
Transfer to equity691/2€241k€147k▼
To other reserves6921€241k€147k▼
Profit to be distributed694/7€82k€0▼
Return on contributions (dividend)694€82k€0▼
Social balance
Average headcount (FTE)90870.50.0▼
The notes to these accounts (13 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity triplescurrent ratio 17.78
Current ratio from 6.39 to 17.78; short-term debt falls from €135k to €48k.
31-12
Financial
Equity above €1MEq €1.09M ▲15.7%
8 profitable years in a row build equity to €1.09M.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €333k ▲57%
Operating result €450k, net result €333k, both a record.
31-12
Financial
Equity above €500kEq €779k ▲65.9%
6 profitable years in a row build equity to €779k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €25k ▼83.9%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Equity above €200kEq €275k ▲38.8%
2 profitable years in a row build equity to €275k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Gavere · 1 establishment unit since 2009
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.
Graaf L. de Lichterveldestraat 229890 GavereGround area
1,578 m²
Building footprint
164 m²
Volume, LiDAR
857 m³
Parcel 44016B0317/00C000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GALILEO ENERGY
since 20092.178.093.923
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44016B0317/00C000 | Flanders | 1,578 m² | 1 · 164 m² | 8.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 585 EUR awarded · 585 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 480 EUR | 480 EUR |
| 2022 | 1 | 105 EUR | 105 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 4,427 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 formPrivate limited company
Founded21-08-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.galileo-energy.be
E-mail:info@galileo-energy.be