Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GALY SPORT from Gent, company number BE0421884078, closed financial year 2025 with a result of € -9,044 after tax. For that financial year GALY SPORT recorded a gross margin of € 185,469 and equity of € 255,532. Compared with financial year 2024, the result moved from € 72,411 to € -9,044. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 4, 2026.
€ 255,532
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,044
▼ still € 72,411 profit in 2024
Profit after tax over the fiscal year.
€ 6,823
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 205,532.
People and assets in 2025
2.6
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 115,462
▲ 12% vs 2024
€ 44,400 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.
€ 83,464
▼ 26% vs 2024
Of which on lease € 74,948.
Debts at end 2025
€ 502,679
▼ 14% vs 2024
€ 79,390 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 17,684
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,563
▲ 73% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 312,637 | € 228,955 | € 233,728 | € 185,469 | ▼ 21% |
| Profit after taxes | € 191,770 | € 111,421 | € 72,411 | € -9,044 | ▼ € 81,455 |
| Equity | € 80,744 | € 192,165 | € 264,576 | € 255,532 | ▼ 3% |
| Total debts | € 484,490 | € 579,574 | € 767,835 | € 685,825 | ▼ 11% |
| Cash | € 93,268 | € 13,160 | € 16,800 | € 6,823 | ▼ 59% |
| Retained profit | € 30,744 | € 142,165 | € 214,576 | € 205,532 | ▼ 4% |
| Bank debt | € 319,250 | € 418,553 | € 583,733 | € 502,679 | ▼ 14% |
| Balance sheet total | € 565,234 | € 771,739 | € 1,032,411 | € 941,357 | ▼ 9% |
| Employees (FTE) | 2 | 1.7 | 2 | 2.6 | ▲ 0.6 |
Key figures of GALY SPORT, 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 March 2027.
What happened to GALY SPORT?
What happened at GALY SPORT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,044 (▼ € 81,455 vs 2024). Source: NBB ↗
- New establishment in Sint-Agatha-Berchem. KBO
- Start of the company according to the CBE. KBO
In short
From € 191,770 profit in 2022 to € 9,044 loss in 2025.
Paid € 6,136 in corporate taxes since 2022.
Best year ever: 2022, with € 191,770 profit.
On average € 71,300 of value added per employee in 2025.
Management
Behind GALY SPORT are JORAM GOOSSENS, YVES LABEEUW and CHRISTIANNE VANDER LEENEN.
Directors
According to the 2025 annual accounts
JORAM GOOSSENS
Director
YVES LABEEUW
Director
CHRISTIANNE VANDER LEENEN
Director
Establishments
Establishment units
Physical locations of this company
Hubert Frère-Orbanlaan 680
9000 Gent
Technologiestraat 11-15
1082 Sint-Agatha-Berchem
Active since 1 October 1981
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.884.078
- VAT number
- BE 0421.884.078
- Registered office
- Hubert Frère-Orbanlaan 680, 9000 Gent
- Names & denominations
- GALY SPORT · GALY-SPORT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 1981
- Peppol
- Active · Active since 11 Jun 2024
- Activities · NACE
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