Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2021 and 2022.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2022; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
GALAXY STUDIOS from Mol, company number BE0423224460, closed financial year 2022 with a result of € -1.8 million after tax. For that financial year GALAXY STUDIOS recorded revenue of € 3.5 million and equity of € 667,523. Compared with financial year 2021, the result moved from € -563,200 to € -1.8 million. The company made a loss. The buffer shrank hard: equity is 73 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2023.
€ 667,523
▼ 73% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.8 million
▼ 228 % more loss than in 2021
Profit after tax over the fiscal year.
€ 39,212
▲ € 31,746 vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2022
9.2
▼ 1.9 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 192,283
▲ 54% vs 2021
€ 20,900 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.
€ 52,662
▼ 27% vs 2021
Of which on lease € 31,394.
Debts at end 2022
€ 4.4 million
▼ 1% vs 2021
€ 4.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 355,527
▼ 67% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 50,304
▼ 56% vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Revenue | € 1,619,028 | € 3,546,849 | ▲ 119% |
| Gross margin | € 680,977 | € 2,756,876 | ▲ € 2.1 million |
| Profit after taxes | € -563,200 | € -1,848,655 | ▼ € 1.3 million |
| Equity | € 2,516,178 | € 667,523 | ▼ 73% |
| Total debts | € 11,513,216 | € 7,933,885 | ▼ 31% |
| Cash | € 7,467 | € 39,212 | ▲ € 31,746 |
| Land & buildings | € 598,682 | € 560,957 | ▼ 6% |
| Retained profit | € 16,178 | € -1,832,477 | ▼ € 1.8 million |
| Bank debt | € 4,482,658 | € 4,443,354 | ▼ 1% |
| Balance sheet total | € 14,029,394 | € 8,601,409 | ▼ 39% |
| Employees (FTE) | 11.1 | 9.2 | ▼ 1.9 |
Key figures of GALAXY STUDIOS, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to GALAXY STUDIOS?
What happened at GALAXY STUDIOS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
GALAXY STUDIOS is active according to the CBE. Legal situation: Opening faillissement.
- Guido VAN BAELEN stepped down as director. NBB
- Wilfried VAN BAELEN stepped down as director. NBB
- New annual accounts for financial year 2022: loss of € 1.8 million. Source: NBB ↗
- Rene VAN BAELEN stepped down as director. NBB
- Guido VAN BAELEN became a director. NBB
- Rene VAN BAELEN became a director. NBB
- Wilfried VAN BAELEN became a director. NBB
- New establishment in Mol. KBO
In short
From € 563,200 loss in 2021 to € 1.8 million loss in 2022.
Paid € 1,035 in corporate taxes since 2021.
On average € 299,700 of value added per employee in 2022.
Management
Directors
According to the 2022 annual accounts
Guido VAN BAELEN
Managing director
since 2022 · until 2028
Rene VAN BAELEN
Director
since 2022 · until 2023
Wilfried VAN BAELEN
Managing director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Kievitstraat 42
2400 Mol
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →AURO HOLDING
€ -1,742 gross margin · 2025
ZILVERMEER PRODUCTIONS
€ -207,624 gross margin · 2022
GALAXY STUDIOS GROUP
€ -353,206 gross margin · 2022
Auromasters
€ -465,176 gross margin · 2025
Galaxy Properties
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
galaxystudios.com
Registered
1999-12-11
Registrar
Key-Systems GmbH
Expires
2026-12-11
Website info
Features
Security
Details
- Company number
- 0423.224.460
- VAT number
- BE 0423.224.460
- Registered office
- Kievitstraat 42, 2400 Mol
- Names & denominations
- GALAXY STUDIOS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 8 December 1982
- Peppol
- Active · Active since 25 Sept 2026
- Activities · NACE
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