ACTIVE

GALCO

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Financial year 2025 · closed on 31/12/2025

Net result

-484,3 k €

-846.6% YoY

Revenue

17,8 M €

-36.6% YoY

Equity

2,6 M €

-15.9% YoY

Workforce

9,6 ETP

-17.2% YoY

What does GALCO do?

GALCO is a Public limited company incorporated in 1975. Its main activity is: Manufacture of industrial gases. Its registered office is in Jette. It employs on average 9,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.560.569

Incorporation

01/12/1975

Legal form

Public limited company

Registered office

Avenue Carton de Wiart 79 box 2
1090 Jette · BruxellesSee on map

Contributed capital

150 000,00 €

Latest accounts

31/12/2025

Average workforce

9,6 ETP

Activities (NACE)

20110Manufacture of industrial gases· main 20110Manufacture of industrial gases 24110Manufacture of basic iron and steel and of ferro-alloys 46751Wholesale of chemical products 46851Wholesale trade, except of motor vehicles and motorcycles 51550Air transport

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

Good liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2016		2015		2014		2013		2011		2008		2007
Income statement
Revenue	17,8 M €	-36.6%	28,1 M €	+16.0%	24,2 M €	-25.2%	32,4 M €	+42.0%	22,8 M €	+18.1%	19,3 M €	+21.4%	15,9 M €	+5.2%	15,1 M €	-1.6%	15,4 M €	-5.8%	16,3 M €	-0.4%	16,4 M €	-1.0%	16,6 M €	+131%	7,2 M €	-9.9%	7,9 M €
EBITDA	-418,1 k €	-1920%	23 k €	-90.6%	244,9 k €	+23.0%	199,1 k €	+127%	-747 k €	-15.4%	-647,2 k €	-940%	77,1 k €	-50.3%	155 k €	-44.2%	278 k €	+78.5%	155,7 k €	+204%	-150 k €	-115%	1 M €	+488%	171,2 k €	+48.4%	115,4 k €
Operating result	-397,8 k €	-13139%	3,1 k €	-96.2%	79,5 k €	+84.6%	43,1 k €	+105%	-873,7 k €	-13.1%	-772,8 k €	-1757%	46,6 k €	-58.8%	113,2 k €	-53.7%	244,7 k €	+231%	73,9 k €	+135%	-212,6 k €	-124%	898,9 k €	+1180%	70,2 k €	-33.6%	105,7 k €
Net result	-484,3 k €	-847%	64,9 k €	-48.8%	126,6 k €	+702%	15,8 k €	+120%	-79,1 k €	-214%	69,5 k €	-88.1%	582,4 k €	+26631%	-2,2 k €	-101%	162,8 k €	+313%	39,4 k €	+111%	-360 k €	-172%	499 k €	+787%	-72,6 k €	-10.9%	-65,5 k €
Balance sheet
Equity	2,6 M €	-15.9%	3 M €	+1.2%	3 M €	+3.3%	2,9 M €	+0.5%	2,9 M €	-2.7%	3 M €	+2.4%	2,9 M €	+61.9%	1,8 M €	-0.1%	1,8 M €	+10.0%	1,6 M €	+2.5%	1,6 M €	-20.5%	2 M €	+41.5%	1,4 M €	-4.9%	1,5 M €
Total assets	10,3 M €	-42.8%	17,9 M €	+32.1%	13,6 M €	-4.2%	14,2 M €	+6.6%	13,3 M €	+38.6%	9,6 M €	+20.3%	8 M €	+28.8%	6,2 M €	+4.3%	5,9 M €	-16.5%	7,1 M €	+11.6%	6,4 M €	+12.9%	5,6 M €	+1.1%	5,6 M €	+6.6%	5,2 M €
Cash	1,5 M €	+112%	725,8 k €	+37.7%	527 k €	-59.0%	1,3 M €	+87.6%	684,9 k €	+11.7%	613,4 k €	-9.3%	676,1 k €	+16.7%	579,1 k €	+71.5%	337,6 k €	-48.1%	650,6 k €	-18.6%	799,5 k €	-5.9%	849,6 k €	+270%	229,5 k €	-52.7%	485 k €
Debts	7,7 M €	-48.2%	14,8 M €	+42.6%	10,4 M €	-6.7%	11,1 M €	+8.1%	10,3 M €	+59.5%	6,5 M €	+32.8%	4,9 M €	+16.1%	4,2 M €	+5.7%	4 M €	-24.5%	5,2 M €	+15.4%	4,5 M €	+34.7%	3,4 M €	-15.6%	4 M €	+12.1%	3,6 M €
Other
Workforce	9,6 ETP	-17.2%	11,6 ETP	-11.5%	13,1 ETP	-11.5%	14,8 ETP	-9.2%	16,3 ETP	+11.6%	14,6 ETP	+44.6%	10,1 ETP	+23.2%	8,2 ETP	+7.9%	7,6 ETP	-3.8%	7,9 ETP	+5.3%	7,5 ETP	+27.1%	5,9 ETP	-7.8%	6,4 ETP	-3.0%	6,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 17 ended

Active mandates

Anton Hunink

Director · since 01 janvier 2026 · until 08 juin 2029

Active

Pierre-Olivier Dehon

Director · since 01 janvier 2026 · until 08 juin 2029

Active

Luc Dehon

Director · since 30 novembre 2023 · until 08 juin 2029

Active

Pascal Dehon

Managing director · since 30 novembre 2023 · until 08 juin 2029

Active

Pierre-Etienne Dehon

Director · since 30 novembre 2023 · until 31 décembre 2025

Active

Ended mandates

Pierre-Etienne Dehon

Director · since 30 novembre 2023 · until 04 juin 2027

Ended

Pascal Dehon

Managing director · since 07 juin 2019 · until 06 juin 2025

Ended

Pierre-Etienne Dehon

Director · since 07 juin 2019 · until 06 juin 2025

Ended

André Dehon

Director · since 01 juin 2018 · until 01 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
CREALIS BELGIUM● Active	0428.832.248
DEHON BENELUX● Active	0444.027.495
Dehon Service Belgium● Active	0401.994.229
GESTIMAT BELGIUM● Active	0712.876.160
IMMOGAL● Active	0425.364.992

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/07/2026	18/07/2025	10/07/2024	31/07/2023	30/09/2022	29/06/2021
General meeting	05/06/2026	27/06/2025	07/06/2024	30/06/2023	24/06/2022	04/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	13/07/2026	French	PDF
Full model	31/12/2024	27/06/2025	18/07/2025	French	PDF
Full model	31/12/2023	07/06/2024	10/07/2024	French	PDF
Full model	31/12/2022	30/06/2023	31/07/2023	French	PDF
Full model	31/12/2021	24/06/2022	30/09/2022	French	PDF
Full model	31/12/2020	04/06/2021	29/06/2021	French	PDF
Full model	31/12/2019	05/06/2020	01/07/2020	French	PDF
Full model	31/12/2018	07/06/2019	19/06/2019	French	PDF
Full model	31/12/2017	01/06/2018	26/06/2018	French	PDF
Full model	31/12/2016	02/06/2017	21/06/2017	French	PDF
Full model	31/12/2015	03/06/2016	28/06/2016	French	PDF
Full model	31/12/2014	05/06/2015	30/06/2015	French	PDF
Full model	31/12/2013	06/06/2014	19/06/2014	French	PDF
Full model	31/12/2012	07/06/2013	13/06/2013	French	PDF
Full model	31/12/2011	01/06/2012	21/06/2012	French	PDF
Full model	31/12/2010	03/06/2011	06/07/2011	French	PDF
Full model	31/12/2009	04/06/2010	06/07/2010	French	PDF
Full model	31/12/2008	05/06/2009	26/08/2009	French	PDF
Full model	31/12/2007	06/06/2008	28/08/2008	French	PDF
Full model	31/12/2006	01/06/2007	24/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 17 ended

Active mandates

Anton Hunink

Director · since 01 janvier 2026 · until 08 juin 2029

Active

Pierre-Olivier Dehon

Director · since 01 janvier 2026 · until 08 juin 2029

Active

Luc Dehon

Director · since 30 novembre 2023 · until 08 juin 2029

Active

Pascal Dehon

Managing director · since 30 novembre 2023 · until 08 juin 2029

Active

Pierre-Etienne Dehon

Director · since 30 novembre 2023 · until 31 décembre 2025

Active

Ended mandates

Pierre-Etienne Dehon

Director · since 30 novembre 2023 · until 04 juin 2027

Ended

Pascal Dehon

Managing director · since 07 juin 2019 · until 06 juin 2025

Ended

Pierre-Etienne Dehon

Director · since 07 juin 2019 · until 06 juin 2025

Ended

André Dehon

Director · since 01 juin 2018 · until 01 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/12/2025
DEMISSIONS, NOMINATIONS
PDF
Other03/09/2024
DIVERS
PDF
Mandates20/12/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates06/01/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates24/03/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates24/10/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates06/09/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates18/05/2018
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-484,3 k €↓
2024
Annual accounts 202464,9 k €↓
2023
Annual accounts 2023126,6 k €↑
2022
Annual accounts 202215,8 k €↑
2021
Annual accounts 2021-79,1 k €↓
2020
Annual accounts 202069,5 k €↓
2019
Annual accounts 2019582,4 k €↑
2016
Annual accounts 2016-2,2 k €↓
2015
Annual accounts 2015162,8 k €↑
2014
Annual accounts 201439,4 k €↑
2013
Annual accounts 2013-360 k €↓
2011
Annual accounts 2011499 k €↑
2008
Annual accounts 2008-72,6 k €↓
2007
Annual accounts 2007-65,5 k €
01/12/1975
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GALCO

Overview

What does GALCO do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline