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 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Training Centrum ter Galileen from Tielt, company number BE0423141714, closed financial year 2025 with a result of € 9 after tax. For that financial year Training Centrum ter Galileen recorded a gross margin of € 60,712 and equity of € 5,467. Compared with financial year 2024, the result moved from € 155 to € 9. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 14, 2026.
€ 5,467
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9
▼ 94% vs 2024
Profit after tax over the fiscal year.
€ 18
▼ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -107,578.
People and assets in 2025
€ 15,635
▼ 13% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 88,743
▲ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 39,416
▼ 28% vs 2024
€ 28,889 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 37,055
Supplier invoices still open on the last day of the fiscal year.
€ 1,394
▼ 25% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 73,912 | € 53,575 | € 60,243 | € 60,712 | ▲ 1% |
| Profit after taxes | € 60 | € 104 | € 155 | € 9 | ▼ 94% |
| Equity | € 5,199 | € 5,303 | € 5,458 | € 5,467 | |
| Total debts | € 211,206 | € 297,894 | € 249,492 | € 293,410 | ▲ 18% |
| Cash | € 28 | € 26 | € 26 | € 18 | ▼ 28% |
| Land & buildings | - | - | - | € 57,767 | |
| Retained profit | € -107,846 | € -107,742 | € -107,587 | € -107,578 | |
| Bank debt | € 45,063 | € 70,021 | € 54,665 | € 39,416 | ▼ 28% |
| Balance sheet total | € 216,405 | € 303,197 | € 254,950 | € 298,877 | ▲ 17% |
Key figures of Training Centrum ter Galileen, 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 Training Centrum ter Galileen?
What happened at Training Centrum ter Galileen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9 (▼ 94% vs 2024). filed late Source: NBB ↗
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 60 profit in 2022 to € 9 profit in 2025.
Paid € 137 in corporate taxes since 2022.
Best year ever: 2024, with € 155 profit.
Management
Behind Training Centrum ter Galileen are Arsene Lannoo, Luc Lannoo and Geert Lannoo.
Directors
According to the 2025 annual accounts
Arsene Lannoo
Director
Luc Lannoo
Director
Geert Lannoo
Director
Establishments
Establishment units
Physical locations of this company
Sint-Martenstraat 2
8700 Tielt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.141.714
- VAT number
- BE 0423.141.714
- Registered office
- Sint-Martenstraat 2, 8700 Tielt
- Names & denominations
- Training Centrum ter Galileen
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 1 July 1982
- Peppol
- Active · Active since 12 Jan 2026
- Activities · NACE
Exploitatie van sportaccommodaties
Exploitatie van overige sportinstallaties en -accomodaties