Financials
Financial year 2025
GALLOO from Menen, company number BE0422834084, closed financial year 2025 with a result of € 23.8 million after tax. For that financial year GALLOO recorded revenue of € 513.9 million and equity of € 183.4 million. Compared with financial year 2024, the result moved from € 13 million to € 23.8 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 183.4 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23.8 million
▲ 83% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 20.4 million paid out
86 % of the profit went to the shareholders, mostly to GALLOO HOLDING (100 % of the shares). That is where the money ends up.
People and assets in 2025
276.8
▲ 13 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 20.6 million
▲ 5% vs 2024
€ 74,500 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.
€ 6.1 million
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 63.2 million
▼ 10% vs 2024
€ 11.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 73.4 million
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 58 days on average.
€ 3.3 million
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 577,992,000 | € 492,903,355 | € 487,740,465 | € 513,881,754 | ▲ 5% |
| Profit after taxes | € 15,326,767 | € 31,065,745 | € 12,989,829 | € 23,768,002 | ▲ 83% |
| Equity | € 166,449,201 | € 167,891,173 | € 180,361,046 | € 183,372,338 | ▲ 2% |
| Total debts | € 269,315,037 | € 167,033,852 | € 147,087,782 | € 170,764,079 | ▲ 16% |
| Cash | € 7,748,397 | € 6,755,103 | € 1,176,880 | € 1,229,616 | ▲ 4% |
| Land & buildings | € 22,696,515 | € 25,478,171 | € 28,380,492 | € 29,211,635 | ▲ 3% |
| Retained profit | € 162,276,839 | € 163,958,565 | € 176,611,984 | € 179,979,576 | ▲ 2% |
| Dividend | € 1,072,653 | € 29,384,019 | € 336,409 | € 20,400,410 | ▲ € 20.1 million |
| Bank debt | € 127,363,925 | € 37,312,526 | € 70,499,121 | € 63,197,169 | ▼ 10% |
| Balance sheet total | € 437,787,145 | € 336,482,421 | € 329,639,150 | € 354,877,719 | ▲ 8% |
| Employees (FTE) | 258.4 | 258.1 | 263.8 | 276.8 | ▲ 13 |
Key figures of GALLOO, 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 GALLOO?
What happened at GALLOO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- AXERIO BV stepped down as director. NBB
- JVD INVEST BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 23.8 million (▲ 83% vs 2024). Source: NBB ↗
- JOELA GALLOO stepped down as director. NBB
- ANTOINE VANDEPUTTE stepped down as director. NBB
- AXERIO BV became a director. NBB
- JVD INVEST BV became a director. NBB
- JOELA GALLOO became a director. NBB
In short
From € 15.3 million profit in 2022 to € 23.8 million profit in 2025.
Paid € 16.7 million in corporate taxes since 2022.
Best year ever: 2023, with € 31.1 million profit.
Paid out € 51.2 million in dividends to the owners in total.
Management
The shares are held by GALLOO HOLDING (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by DEBAERE RIK
Also active at: GALLOO HOLDING, GALLOO WALLONIE, Recuperatie- en Transportmaatschappij, E-CRANE WORLDWIDE, GALLOO TERTRE, GALLOO LOGISTICS, ADVANCED DESIGN OF RECYCLING MACHINES
since 2024 · until 2029
Managing director · represented by VANDEPUTTE JAN
Also active at: LEIESTROOM, ADVANCED DESIGN OF RECYCLING MACHINES
since 2023 · until 2029
since 2023 · until 2026
ANTOINE VANDEPUTTE
Director
Also active at: GALLOO HOLDING, GALLOO WALLONIE, Recuperatie- en Transportmaatschappij, LANDBOUWEXPLOITATIE JOZEF DANNEELS, GALLOO TERTRE, SOVAGA, GALLOO LOGISTICS, ADVANCED DESIGN OF RECYCLING MACHINES
since 2023 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Wervikstraat 320
8930 Menen
Industrielaan ZN
8930 Menen
Active since 1 May 2003
Ropswalle ZN
8930 Menen
Active since 1 July 1982
Lodewijk Coiseaukaai 15
8000 Brugge
Active since 1 January 2013
Wissenstraat 12
9200 Dendermonde
Active since 1 January 2013
Atlasstraat 5
8680 Koekelare
Active since 1 January 2013
Ovenhoek 22
8800 Roeselare
Active since 1 January 2013
Scheepzatestraat 9
9000 Gent
Active since 1 January 2013
Legen Heirweg 30
9890 Gavere
Active since 2 January 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0422.834.084
- VAT number
- BE 0422.834.084
- Registered office
- Wervikstraat 320, 8930 Menen
- Names & denominations
- GALLOO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 1982
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
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Recycling van metaalafval
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