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 62 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
73 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Galère from Chaudfontaine, company number BE0424078555, closed financial year 2025 with a result of € 7.5 million after tax. For that financial year Galère recorded revenue of € 183.6 million and equity of € 39.5 million. Compared with financial year 2024, the result moved from € 6.3 million to € 7.5 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 39.5 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.5 million
▲ 19% vs 2024
Profit after tax over the fiscal year.
€ 22.7 million
▲ € 17.4 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.8 million paid out
50 % of the profit went to the shareholders, mostly to Thomas & Piron Holding SA (100 % of the shares). That is where the money ends up.
People and assets in 2025
585.2
▲ 5.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 41 million
▲ 5% vs 2024
€ 70,100 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.
€ 2.6 million
▲ 38% vs 2024
Of which on lease € 1.6 million.
Debts at end 2025
€ 13.3 million
▲ € 11.8 million vs 2024
€ 1.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 61.5 million
▲ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 174 days on average.
€ 9.2 million
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 169,262,975 | € 207,461,211 | € 188,847,818 | € 183,648,117 | ▼ 3% |
| Profit after taxes | € 4,664,921 | € 6,642,742 | € 6,328,915 | € 7,519,239 | ▲ 19% |
| Equity | € 29,218,725 | € 32,540,095 | € 35,704,553 | € 39,464,173 | ▲ 11% |
| Total debts | € 99,354,813 | € 126,826,300 | € 101,738,898 | € 140,984,985 | ▲ 39% |
| Cash | € 39,642,121 | € 18,321,321 | € 5,246,029 | € 22,684,964 | ▲ € 17.4 million |
| Land & buildings | € 207,479 | € 1,504,857 | € 1,465,873 | € 9,533,472 | ▲ € 8.1 million |
| Retained profit | € 7,778,159 | € 11,099,529 | € 14,263,987 | € 18,023,606 | ▲ 26% |
| Dividend | € 2,332,461 | € 3,321,371 | € 3,164,457 | € 3,759,620 | ▲ 19% |
| Bank debt | € 3,750 | € 3,750 | € 1,534,417 | € 13,303,375 | ▲ € 11.8 million |
| Balance sheet total | € 128,830,381 | € 159,388,250 | € 137,445,584 | € 180,449,158 | ▲ 31% |
| Employees (FTE) | 588.5 | 585.8 | 579.7 | 585.2 | ▲ 5.5 |
Key figures of Galère, 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 Galère?
What happened at Galère in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Edouard Hughes Nadine Marie Herinckx stepped down as director. NBB
- François Piron SRL stepped down as director. NBB
- Bati Roche SRLU stepped down as director. NBB
- ABSOlute Consulting stepped down as director. NBB
- Paul Danaux stepped down as director. NBB
- HEr Management SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7.5 million (▲ 19% vs 2024). Source: NBB ↗
- ABSOlute Consulting became a director. NBB
In short
From € 4.7 million profit in 2022 to € 7.5 million profit in 2025.
Paid € 9.4 million in corporate taxes since 2022.
Best year ever: 2025, with € 7.5 million profit.
Paid out € 12.6 million in dividends to the owners in total.
Management
The shares are held by Thomas & Piron Holding SA (100%). It owns 100% of Galère Lux, 100% of Galère Imm'up, 51% of GALILIEGE, 50% of ESPACE TRIANON and 50% of BE MO TEAM itself.
Directors
According to the 2025 annual accounts
Edouard Hughes Nadine Marie Herinckx
Director
since 2022 · until 2028
Director · represented by François Piron
Also active at: THOMAS ET PIRON HOME, SOTRABA, THOMAS & PIRON HOLDING, B.T.A. CONSTRUCT, DESSIN PERFORMANCE ENERGIE, ESPACES PROMOTION, PISCICULTURE DE LA HOUILLE, Thomas & Piron RENOVATION +23 more
since 2022 · until 2028
Director · represented by Alain Maréchal
since 2019 · until 2028
Director · represented by Olivier Beguin
Also active at: I.D., THOMAS & PIRON HOME, ORTHOPEDIE TOUSSAINT, OTTIGNIMMO, Sporsystem, MECCO-GOSSENT, Société anonyme WAUTERS NV, THOMAS & PIRON HOLDING +50 more
since 2026 · until 2028
Paul Danaux
Director
since 2022 · until 2028
Managing director · represented by Henri Ernst
Also active at: ESPACE TRIANON, GALILIEGE, UrBa Liège, Galère Imm'up, FONCIERE DE SAUHEID
since 2019 · until 2028
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Rue Joseph Dupont 73
4053 Chaudfontaine
Rue Tahon 1B
6041 Charleroi
Active since 1 April 2007
Rue Joseph Deflandre 2
4053 Chaudfontaine
Active since 1 January 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 73 companies are registered at this address.
All companies at this address →ESPACE TRIANON same network
€ 119,500 revenue · 2025
Galère - Alsthom - JV Track
WANTY-GALERE-BETONAC (COUVIN)
GALERE-DEJEOND-DELARGE (Hôtel Communal Forest)
GALERE-HYDROGAZ
+68 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
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0424.078.555
- VAT number
- BE 0424.078.555
- Registered office
- Rue Joseph Dupont 73, 4053 Chaudfontaine
- Names & denominations
- Galère
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1983
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- galere.be [email protected] 043666711
- Activities · NACE
Bouw van andere civieltechnische werken, neg
Bouwrijp maken van terreinen
Grondverzet
Bouw van bruggen en tunnels
Algemene bouw van residentiële gebouwen
Algemene bouw van andere niet-residentiële gebouwen
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Bouw van autowegen en andere wegen
+5