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 6 % of short-term debt in 2026; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2026
GALU from Ronse, company number BE0446814365, closed financial year 2026 with a result of € 60,963 after tax. For that financial year GALU recorded a gross margin of € 187,496 and equity of € 1.1 million. Compared with financial year 2025, the result moved from € 56,851 to € 60,963. 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 October 26, 2026.
€ 1.1 million
▲ 6% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 60,963
▲ 7% vs 2025
Profit after tax over the fiscal year.
€ 51,607
▼ 75% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 751,402.
Debts at end 2026
€ 590,971
▼ 8% vs 2025
€ 49,356 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 201,664
▼ 15% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 959
▼ 49% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 151,892 | € 158,283 | € 174,620 | € 187,496 | ▲ 7% |
| Profit after taxes | € 57,154 | € 38,742 | € 56,851 | € 60,963 | ▲ 7% |
| Equity | € 913,892 | € 952,634 | € 1,009,485 | € 1,070,449 | ▲ 6% |
| Total debts | € 1,364,772 | € 1,303,461 | € 1,493,221 | € 1,434,497 | ▼ 4% |
| Cash | € 168,885 | € 14,145 | € 207,566 | € 51,607 | ▼ 75% |
| Land & buildings | € 789,570 | € 911,529 | € 880,519 | € 850,818 | ▼ 3% |
| Retained profit | € 594,846 | € 633,588 | € 690,439 | € 751,402 | ▲ 9% |
| Bank debt | € 775,077 | € 711,146 | € 645,643 | € 590,971 | ▼ 8% |
| Balance sheet total | € 2,323,995 | € 2,301,426 | € 2,548,038 | € 2,550,277 |
Key figures of GALU, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to GALU?
What happened at GALU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 60,963 (▲ 7% vs 2025). Source: NBB ↗
- New establishment in Ronse. KBO
- Start of the company according to the CBE. KBO
In short
From € 57,154 profit in 2023 to € 60,963 profit in 2026.
Paid € 72,529 in corporate taxes since 2023.
Best year ever: 2026, with € 60,963 profit.
Management
Behind GALU is Luc Ternoot. Luc Ternoot is also behind GABY.
Directors
According to the 2026 annual accounts
Establishments
Establishment units
Physical locations of this company
Ninoofsesteenweg 230
9600 Ronse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0446.814.365
- VAT number
- BE 0446.814.365
- Registered office
- Ninoofsesteenweg 230, 9600 Ronse
- Names & denominations
- GALU
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 February 1992
- Peppol
- Not registered