Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GALAXY PROPAR from Pittem, company number BE0832398075, closed financial year 2025 with a result of € 29,572 after tax. For that financial year GALAXY PROPAR recorded a gross margin of € 65,668 and equity of € -87,722. Compared with financial year 2024, the result moved from € -5,751 to € 29,572. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ -87,722
▲ € 29,572 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29,572
▲ still € 5,751 loss in 2024
Profit after tax over the fiscal year.
€ 73,841
▲ 4% 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 € -93,922.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 15,022
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13,323
▼ 38% vs 2024
Loans from banks and other lenders, long and short.
€ 1,193
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,066
▲ 21% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 92,156 | € 54,457 | € 30,469 | € 65,668 | ▲ 116% |
| Profit after taxes | € 54,185 | € 12,278 | € -5,751 | € 29,572 | ▲ € 35,323 |
| Equity | € -123,821 | € -111,544 | € -117,295 | € -87,722 | ▲ € 29,572 |
| Total debts | € 407,789 | € 365,443 | € 311,251 | € 269,343 | ▼ 13% |
| Cash | € 84,534 | € 92,127 | € 71,086 | € 73,841 | ▲ 4% |
| Retained profit | € -130,021 | € -117,744 | € -123,495 | € -93,922 | ▲ € 29,572 |
| Bank debt | € 36,892 | € 29,270 | € 21,417 | € 13,323 | ▼ 38% |
| Balance sheet total | € 283,968 | € 253,900 | € 193,956 | € 181,620 | ▼ 6% |
Key figures of GALAXY PROPAR, 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 GALAXY PROPAR?
What happened at GALAXY PROPAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 29,572. Source: NBB ↗
- New establishment in Pittem. KBO
- Start of the company according to the CBE. KBO
In short
From € 54,185 profit in 2022 to € 29,572 profit in 2025.
Paid € 2,351 in corporate taxes since 2022.
Best year ever: 2022, with € 54,185 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GALAXY PROPAR is Erwin De Baets.
Directors
According to the 2025 annual accounts
Erwin De Baets
Director
Establishments
Establishment units
Physical locations of this company
Spoorweglaan 2
8740 Pittem
Spoorweglaan 2 box 3
8740 Pittem
Active since 11 January 2011
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
- 0832.398.075
- VAT number
- BE 0832.398.075
- Registered office
- Spoorweglaan 2, 8740 Pittem
- Names & denominations
- GALAXY PROPAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2010
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
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