Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THE NEW GALAXY from Sint-Joost-ten-Node, company number BE0421568037, closed financial year 2025 with a result of € -74,070 after tax. For that financial year THE NEW GALAXY recorded a gross margin of € 307,529 and equity of € 254,413. Compared with financial year 2024, the result moved from € 48,641 to € -74,070. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 254,413
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -74,070
▼ still € 48,641 profit in 2024
Profit after tax over the fiscal year.
€ 38,718
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 235,821.
People and assets in 2025
5.8
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 237,337
▼ 7% vs 2024
€ 40,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 32,295
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 230,269
▼ 18% vs 2024
€ 7,980 is repaid this year. At this pace the long-term loan is gone in ≈ 29 years.
€ 89,849
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 86,258
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 469,300 | € 649,606 | € 489,876 | € 307,529 | ▼ 37% |
| Profit after taxes | € 191,674 | € 172,957 | € 48,641 | € -74,070 | ▼ € 122,710 |
| Equity | € 181,885 | € 304,842 | € 328,482 | € 254,413 | ▼ 23% |
| Total debts | € 325,994 | € 770,545 | € 493,373 | € 433,813 | ▼ 12% |
| Cash | € 73,681 | € 153,341 | € 137,984 | € 38,718 | ▼ 72% |
| Land & buildings | € 208,458 | € 495,102 | € 460,691 | € 426,279 | ▼ 7% |
| Retained profit | € 163,293 | € 286,250 | € 309,890 | € 235,821 | ▼ 24% |
| Dividend | € 0 | € 50,000 | € 25,000 | € 0 | ▼ 100% |
| Bank debt | € 65,293 | € 303,217 | € 280,668 | € 230,269 | ▼ 18% |
| Balance sheet total | € 507,879 | € 1,075,387 | € 821,855 | € 688,225 | ▼ 16% |
| Employees (FTE) | - | - | 6.9 | 5.8 | ▼ 1.1 |
Key figures of THE NEW GALAXY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to THE NEW GALAXY?
What happened at THE NEW GALAXY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 74,070 (▼ € 122,710 vs 2024). filed late Source: NBB ↗
- KERAM MADOIAN became a director. NBB
- OVSEP MADOIAN became a director. NBB
- New establishment in Sint-Joost-ten-Node. KBO
- Start of the company according to the CBE. KBO
In short
From € 191,674 profit in 2022 to € 74,070 loss in 2025.
Paid € 105,166 in corporate taxes since 2022.
Best year ever: 2022, with € 191,674 profit.
On average € 53,000 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind THE NEW GALAXY are OVSEP MADOIAN and KERAM MADOIAN.
Directors
According to the 2025 annual accounts
OVSEP MADOIAN
Manager
since 2013
KERAM MADOIAN
Administrator-manager
since 2015
Establishments
Establishment units
Physical locations of this company
Vooruitgangstraat 7A
1210 Sint-Joost-ten-Node
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.568.037
- VAT number
- BE 0421.568.037
- Registered office
- Vooruitgangstraat 7A, 1210 Sint-Joost-ten-Node
- Names & denominations
- THE NEW GALAXY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 1981
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
Hotels en motels, met restaurant
Hotels en dergelijke accommodatie
Hotels en motels, zonder restaurant