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 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GALVA POWER GROUP from Houthalen-Helchteren, company number BE0455527440, closed financial year 2025 with a result of € 5.5 million after tax. For that financial year GALVA POWER GROUP recorded revenue of € 59.7 million and equity of € 40.9 million. Compared with financial year 2024, the result moved from € 4.2 million to € 5.5 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 July 3, 2026.
€ 40.9 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.5 million
▲ 33% vs 2024
Profit after tax over the fiscal year.
€ 18.7 million
▼ 19% 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 € 35.1 million.
People and assets in 2025
341.4
▼ 5.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 23.2 million
▲ 3% vs 2024
€ 67,800 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.
€ 1 million
▼ 22% vs 2024
Of which on lease € 579,005.
Debts at end 2025
€ 22.6 million
▼ 13% vs 2024
€ 2.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 4.3 million
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 46 days on average.
€ 3.5 million
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 57,687,543 | € 59,847,020 | € 56,039,331 | € 59,687,229 | ▲ 7% |
| Profit after taxes | € 2,745,179 | € 3,928,713 | € 4,153,430 | € 5,520,363 | ▲ 33% |
| Equity | € 35,840,719 | € 37,261,917 | € 35,407,832 | € 40,921,901 | ▲ 16% |
| Total debts | € 56,483,473 | € 64,872,820 | € 70,250,194 | € 57,899,647 | ▼ 18% |
| Cash | € 12,369,147 | € 19,762,512 | € 23,158,471 | € 18,658,785 | ▼ 19% |
| Land & buildings | € 5,005,559 | € 5,660,274 | € 5,583,726 | € 6,180,772 | ▲ 11% |
| Retained profit | € 30,035,988 | € 31,464,701 | € 29,618,131 | € 35,139,714 | ▲ 19% |
| Dividend | € 0 | € 2,500,000 | € 6,000,000 | € 0 | ▼ 100% |
| Bank debt | € 29,699,842 | € 27,452,596 | € 25,955,148 | € 22,561,242 | ▼ 13% |
| Balance sheet total | € 92,914,513 | € 102,709,176 | € 106,225,595 | € 99,377,626 | ▼ 6% |
| Employees (FTE) | 356 | 345.9 | 346.8 | 341.4 | ▼ 5.4 |
Key figures of GALVA POWER GROUP, 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 GALVA POWER GROUP?
What happened at GALVA POWER GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lars Baumgürtel stepped down as director. NBB
- Birgitt Bendiek stepped down as director. NBB
- Bart Van Samang stepped down as director. NBB
- Robertus Ikink stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 5.5 million (▲ 33% vs 2024). Source: NBB ↗
- Lars Baumgürtel became a director. NBB
- Birgitt Bendiek became a director. NBB
- Bart Van Samang became a director. NBB
In short
From € 2.7 million profit in 2022 to € 5.5 million profit in 2025.
Paid € 3.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 5.5 million profit.
Paid out € 8.5 million in dividends to the owners in total.
Management
The shares are held by Fontaine Holdings (100%). It owns 100% of ZINQ France SAS and 100% of Zincoat itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Birgitt Bendiek
Director
since 2025 · until 2031
since 2025 · until 2031
Robertus Ikink
Director
since 2025 · until 2031
Shareholders
100%
Participations
ZINQ France SAS
100%
Zincoat
100%
Establishments
Establishment units
Physical locations of this company
Centrum-Zuid 2037
3530 Houthalen-Helchteren
Toekomstlaan 18
2900 Schoten
Active since 22 September 1995
Rue du Port (PL) 10
6250 Aiseau-Presles
Active since 18 September 1995
Skaldenstraat 61
9042 Gent
Active since 20 September 1995
Rozendaalstraat 23
8900 Ieper
Active since 20 September 1995
Haltstraat 47
3900 Pelt
Active since 19 July 1995
Centrum-Zuid 2031
3530 Houthalen-Helchteren
Active since 31 August 2009
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
- 0455.527.440
- VAT number
- BE 0455.527.440
- Registered office
- Centrum-Zuid 2037, 3530 Houthalen-Helchteren
- Names & denominations
- GALVA POWER GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 June 1995
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
Coating van metalen
Oppervlaktebehandeling en bekleding van metaal
Oppervlaktebehandeling van metalen