Summary
GALIMMO REAL ESTATE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €72.24M and a net result of €340k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 2777 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
15 d early
2022
56 d early
2021
51 d early
2020
33 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema, statutory accounts
Equity
€72.24M▼ 15.9%
2023 · €85.90M
2018: €128.32M
2019: €133.25M
2020: €133.15M
2021: €139.16M
2022: €142.17M
2023: €85.90M
2018 → 2024
Net result
€340k
2023 · €-54.07M
2018: €4.47M
2019: €4.92M
2020: €4.81M
2021: €26.01M
2022: €12.51M
2023: €-54.07M
2018 → 2024
Total assets
€72.73M▼ 38.3%
2023 · €117.88M
2018: €161.62M
2019: €166.37M
2020: €165.26M
2021: €171.66M
2022: €174.08M
2023: €117.88M
2018 → 2024
Solvency
99.3%▲ 26.4pp
2023 · 72.9%
2018: 79.4%
2019: 80.1%
2020: 80.6%
2021: 81.1%
2022: 81.7%
2023: 72.9%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€745k-€704k▼ 5.5%€691k▼ 1.9%€717k▲ 3.7%€693k▼ 3.3%
Equity€133.15M-€139.16M▲ 4.5%€142.17M▲ 2.2%€85.90M▼ 39.6%€72.24M▼ 15.9%
Operating result€-409k-€-691k▼ 68.9%€-489k▲ 29.2%€-1.06M▼ 117%€-561k▲ 47.0%
Net result€4.81M-€26.01M▲ 441%€12.51M▼ 51.9%€-54.07M€340k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €561k in 2024 against €1.06M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72.73M
Fixed assets
€70.43M ▼ 39.3%
Current assets
€2.30M ▲ 30.8%
Equity and liabilities €72.73M
Equity
€72.24M ▼ 15.9%
Debt
€495k ▼ 98.5%
Debt's share of the balance-sheet total falls from 27.1% to 0.7%. Equity and debt are lower.
Key figures and ratios
ROE
0.5%▲
2023 · -62.9%
ROA
0.5%▲
2023 · -45.9%
Debt ≤ 1 year
€444k▼
2023 · €31.98M
Income taxes
€12k▲
2023 · €-28
Staff costs
€306k▲
2023 · €285k
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 · 2024 against 2023 · 61 lines
Balance sheet
Code20232024
Assets
Total assets20/58€117.88M€72.73M▼
Fixed assets21/28€116.12M€70.43M▼
Tangible fixed assets22/27€526€0▼
Plant, machinery and equipment23€526€0▼
Financial fixed assets28€116.12M€70.43M▼
Affiliated companies280/1€116.12M€70.43M▼
Participating interests280€116.12M€70.43M▼
Current assets29/58€1.76M€2.30M▲
Amounts receivable within one year40/41€1.64M€83k▼
Trade receivables40€516k€17k▼
Other amounts receivable41€1.12M€66k▼
Cash at bank and in hand54/58€120k€2.22M▲
Deferred charges and accrued income490/1€32-
Equity and liabilities
Total equity and liabilities10/49€117.88M€72.73M▼
Equity10/15€85.90M€72.24M▼
Contributions10/11€4.00M€4.00M=
Capital10€4.00M€4.00M=
Issued capital100€4.00M€4.00M=
Reserves13€400k€400k=
Non-distributable reserves130/1€400k€400k=
Legal reserve130€400k€400k=
Profit (loss) carried forward14€81.50M€67.84M▼
Amounts payable17/49€31.98M€495k▼
Amounts payable within one year42/48€31.98M€444k▼
Current portion of amounts payable after more than one year42€30.80M-
Trade debts44€634k€407k▼
Suppliers440/4€634k€407k▼
Taxes, remuneration and social security45€85k€37k▼
Taxes450/3€68k€9k▼
Remuneration and social security454/9€18k€28k▲
Other amounts payable47/48€462k-
Accrued charges and deferred income492/3-€52k
Income statement
Code20232024
Operating income70/76A€717k€693k▼
Turnover70€717k€693k▼
Operating charges60/66A€1.78M€1.25M▼
Services and other goods61€1.49M€948k▼
Remuneration, social security and pensions62€285k€306k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€710€526▼
Operating profit (loss)9901€-1.06M€-561k▲
Financial income75/76B€2.59M€2.30M▼
Recurring financial income75€2.59M€2.30M▼
Income from financial fixed assets750€2.24M€2.24M=
Income from current assets751€47k€65k▲
Other financial income752/9€306k€0▼
Financial charges65/66B€55.60M€1.39M▼
Recurring financial charges65€1.60M€992k▼
Debt charges650€1.60M€990k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0-
Other financial charges652/9€934€2k▲
Non-recurring financial charges66B€54.00M€399k▼
Profit (loss) for the period before taxes9903€-54.07M€352k▲
Income taxes67/77€-28€12k▲
Taxes670/3€99€12k▲
Tax adjustments and reversals of tax provisions77€127-
Profit (loss) for the period9904€-54.07M€340k▲
Profit (loss) for the period to be appropriated9905€-54.07M€340k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83.70M€81.84M▼
Profit (loss) brought forward from the previous period14P€137.77M€81.50M▼
Profit to be distributed694/7€2.20M€14.00M▲
Return on contributions (dividend)694€2.20M€14.00M▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated · 18 days late
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
31-12
Financial
Back to profitnet €340k
Net result €340k after one loss-making year.
31-12
Financial
Liquidity times 94current ratio 5.19
Current ratio from 0.06 to 5.19; short-term debt falls from €31.98M to €444k.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
31-12
Financial
Weakest financial yearnet €-54.07M ▼532%
Net result drops to €-54.07M, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
2021
31-12
Financial
Highest result since 2018net €26.01M ▲441%
Net result €26.01M, the highest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
32 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, Seneffe · 1 establishment unit since 2007
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.
Chaussée de Nivelles 1677181 SeneffeGround area
2,160 m²
Building footprint
963 m²
Volume, LiDAR
13,068 m³
2 parcels, Brussels, Wallonia · tallest building 26.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
de Lignestraat 13, 1000 Brussel
since 20072.232.486.771
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C1358/00G000 | Brussels | 1,147 m² | 1 · 719 m² | 26.1 m · 6 fl. |
| 52003B0364/00N000 | Wallonia | 1,012 m² | 1 · 244 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
5 subsidiaries, 2 abroadGALIMMO REAL ESTATEBE 0873.668.508
controls
Where this company holds controlsubsidiary per the LEI register5
Braine-L'alleud
FONCIMAG
Paris, France · LEI lapsed
FONCIMAG 2
Paris, France · LEI lapsed
Braine-L'alleud · indirect
Braine-L'alleud · indirect
Recognitions · licences · registrations
Legal Entity Identifier
2138004FN2VPK3YDOS95
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 2,203 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 formPublic limited company
Founded04-05-2005
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.