OPENING OF BANKRUPTCY

GALAXY STUDIOS

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Financial year 2022 · closed on 31/12/2022

Net result

-1,8 M €

-228.2% YoY

Revenue

3,5 M €

+119.1% YoY

Equity

667,5 k €

-73.5% YoY

Workforce

9,2 ETP

-17.1% YoY

Company — Opening of bankruptcy.

What does GALAXY STUDIOS do?

GALAXY STUDIOS is a Public limited company incorporated in 1982. Its main activity is: Manufacture of rubber products. Its registered office is in Mol. It employs on average 9,2 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0423.224.460

Incorporation

08/12/1982

Legal form

Public limited company

Registered office

Kievitstraat 42
2400 Mol · FlandreSee on map

Contributed capital

2 500 000,00 €

Latest accounts

31/12/2022

Average workforce

9,2 ETP

Activities (NACE)

22140Manufacture of rubber products· main 59203Sound recording and music publishing activities 59203Sound recording and music publishing activities 18200Reproduction of recorded media 18200Reproduction of recorded media 22320Manufacture of rubber and plastic products

Joint committees (3)

Contacts

4 public details availableLog in to view

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	3,5 M €	+119%	1,6 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		1,3 M €
EBITDA	2,5 M €	+536%	398,7 k €	-20.5%	501,8 k €	-24.2%	661,9 k €	-29.2%	934,6 k €	+11.3%	839,9 k €	-33.1%	1,3 M €	+27.2%	986,3 k €	+1.2%	974,7 k €	-24.2%	1,3 M €	+33.3%	964,2 k €	+6.9%	901,9 k €	-25.0%	1,2 M €	+108%	576,8 k €	+17.2%	492,3 k €	-0.8%	496,2 k €
Operating result	-1,9 M €	-245%	-538,4 k €	-332%	232,4 k €	-10.8%	260,6 k €	+39.6%	186,7 k €	+164%	70,6 k €	-66.6%	211,2 k €	+70.3%	124 k €	+10.4%	112,3 k €	-64.0%	312,3 k €	+193%	106,5 k €	+18.9%	89,6 k €	-65.0%	255,6 k €	+228%	-199,6 k €	-1393%	15,4 k €	-68.2%	48,5 k €
Net result	-1,8 M €	-228%	-563,2 k €	-3025%	19,3 k €	+396%	3,9 k €	+59.9%	2,4 k €	-75.0%	9,7 k €	-12.6%	11,1 k €	-9.2%	12,2 k €	-55.4%	27,4 k €	-80.4%	140 k €	+625%	19,3 k €	-3.1%	19,9 k €	-38.4%	32,4 k €	+77.3%	18,3 k €	-25.2%	24,4 k €	+6.9%	22,9 k €
Balance sheet
Equity	667,5 k €	-73.5%	2,5 M €	-18.3%	3,1 M €	+0.6%	3,1 M €	+0.1%	3,1 M €	+0.1%	3,1 M €	-0.8%	3,1 M €	-1.4%	3,1 M €	-1.0%	3,2 M €	-0.5%	3,2 M €	+3.1%	3,1 M €	-1.3%	3,1 M €	+9.0%	2,9 M €	+1.1%	2,8 M €	-0.2%	2,8 M €	-0.1%	2,8 M €
Total assets	8,6 M €	-38.7%	14 M €	+10.9%	12,7 M €	+4.1%	12,2 M €	-13.1%	14 M €	-0.5%	14,1 M €	+0.6%	14 M €	+2.8%	13,6 M €	+6.5%	12,8 M €	+0.0%	12,8 M €	+24.4%	10,3 M €	+18.6%	8,7 M €	+15.3%	7,5 M €	-22.6%	9,7 M €	+13.0%	8,6 M €	+17.4%	7,3 M €
Cash	39,2 k €	+425%	7,5 k €	-57.0%	17,4 k €	-10.9%	19,5 k €	-12.8%	22,3 k €	+143%	9,2 k €	-57.5%	21,6 k €	-54.5%	47,5 k €	-46.5%	88,8 k €	-54.2%	194,1 k €	+318%	46,4 k €	+50.9%	30,8 k €	-83.9%	191,5 k €	+279%	50,5 k €	-9.8%	56 k €	+14.9%	48,7 k €
Debts	7,9 M €	-31.1%	11,5 M €	+20.7%	9,5 M €	+5.5%	9 M €	-16.8%	10,9 M €	-0.8%	11 M €	+1.0%	10,8 M €	+4.1%	10,4 M €	+9.4%	9,5 M €	-0.2%	9,5 M €	+33.2%	7,2 M €	+30.6%	5,5 M €	+24.5%	4,4 M €	-34.9%	6,8 M €	+20.0%	5,6 M €	+28.1%	4,4 M €
Other
Workforce	9,2 ETP	-17.1%	11,1 ETP	-24.5%	14,7 ETP	-8.7%	16,1 ETP	-12.0%	18,3 ETP	-19.7%	22,8 ETP	+1.8%	22,4 ETP	+17.3%	19,1 ETP	-14.0%	22,2 ETP	+29.8%	17,1 ETP	+8.9%	15,7 ETP	+6.1%	14,8 ETP	-12.4%	16,9 ETP	-0.6%	17,0 ETP	+25.0%	13,6 ETP	+46.2%	9,3 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 3 active · 16 ended

Active mandates

Guido VAN BAELEN

Managing director · since 07 juin 2022 · until 06 juin 2028

Active

Rene VAN BAELEN

Director · since 07 juin 2022 · until 13 avril 2023

Active

Wilfried VAN BAELEN

Managing director · since 07 juin 2022 · until 06 juin 2028

Active

Ended mandates

Rene VAN BAELEN

Director · since 07 juin 2022 · until 06 juin 2028

Ended

Guido VAN BAELEN

Managing director · since 07 mars 2017 · until 06 juin 2022

Ended

Rene VAN BAELEN

Director · since 07 mars 2017 · until 06 juin 2022

Ended

Wilfried VAN BAELEN

Managing director · since 07 mars 2017 · until 06 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
AURO HOLDING● Active	0449.129.004
Auromasters● Active	1005.197.142
Galaxy Properties● Active	1025.629.104
GALAXY STUDIOS GROUP● Bankrupt	0827.774.838
Galaxy World● Active	1025.856.261
ZILVERMEER PRODUCTIONS● Bankrupt	0562.958.108

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/07/2023	08/07/2022	27/01/2022	02/07/2020	27/06/2019	28/06/2018
General meeting	27/07/2023	06/06/2022	24/01/2022	01/06/2020	03/06/2019	25/06/2018
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	27/07/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	06/06/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2020	24/01/2022	27/01/2022	Dutch	PDF
Abridged model	31/12/2019	01/06/2020	02/07/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	01/08/2017	Dutch	PDF
Abridged model	30/09/2015	30/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	23/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	24/03/2014	07/04/2014	Dutch	PDF
Abridged model	30/09/2012	29/03/2013	08/04/2013	Dutch	PDF
Abridged model	30/09/2011	26/03/2012	24/04/2012	Dutch	PDF
Abridged model	30/09/2010	07/03/2011	31/03/2011	Dutch	PDF
Abridged model	30/09/2009	01/03/2010	30/03/2010	Dutch	PDF
Abridged model	30/09/2008	02/03/2009	19/03/2009	Dutch	PDF
Abridged model	30/09/2007	03/03/2008	28/03/2008	Dutch	PDF
Abridged model	30/09/2006	05/03/2007	22/03/2007	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2022 · 3 active · 16 ended

Active mandates

Guido VAN BAELEN

Managing director · since 07 juin 2022 · until 06 juin 2028

Active

Rene VAN BAELEN

Director · since 07 juin 2022 · until 13 avril 2023

Active

Wilfried VAN BAELEN

Managing director · since 07 juin 2022 · until 06 juin 2028

Active

Ended mandates

Rene VAN BAELEN

Director · since 07 juin 2022 · until 06 juin 2028

Ended

Guido VAN BAELEN

Managing director · since 07 mars 2017 · until 06 juin 2022

Ended

Rene VAN BAELEN

Director · since 07 mars 2017 · until 06 juin 2022

Ended

Wilfried VAN BAELEN

Managing director · since 07 mars 2017 · until 06 juin 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other06/06/2023
DIVERSEN
PDF
Mandates25/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2016
DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Other17/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/05/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/12/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other04/04/2006
DIVERSEN
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

2022
Annual accounts 2022-1,8 M €↓
2021
Annual accounts 2021-563,2 k €↓
2020
Annual accounts 202019,3 k €↑
2019
Annual accounts 20193,9 k €↑
2018
Annual accounts 20182,4 k €↓
2017
Annual accounts 20179,7 k €↓
2016
Annual accounts 201611,1 k €↓
2015
Annual accounts 201512,2 k €↓
2014
Annual accounts 201427,4 k €↓
2013
Annual accounts 2013140 k €↑
2012
Annual accounts 201219,3 k €↓
2011
Annual accounts 201119,9 k €↓
2010
Annual accounts 201032,4 k €↑
2009
Annual accounts 200918,3 k €↓
2008
Annual accounts 200824,4 k €↑
2007
Annual accounts 200722,9 k €
08/12/1982
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

GALAXY STUDIOS

Overview

What does GALAXY STUDIOS do?

Trend over 16 financial years

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