ACTIVE

GALOR

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Financial year 2025 · Closed on 31/12/2025

Net result3,2 k €-72,9 %over 1 year

Gross margin26,8 k €-10,1 %over 1 year

Equity308 k €+1,1 %over 1 year

Identity

Source · BCE/KBO

GALOR is a Public limited company incorporated in 1998. Its registered office is in Antwerpen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0463.851.525
Incorporation: 16/07/1998
Legal form: Public limited company
Registered office: Van Putlei 36
2018 Antwerpen · FlandreSee on map
Contributed capital: 446 208,34 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	26,8 k €	-10.1%	29,8 k €	-0.4%	29,9 k €	+2.8%	29,1 k €	-3.8%	30,2 k €
EBITDA	24,6 k €	-10.8%	27,6 k €	-1.0%	27,9 k €	+3.1%	27,1 k €	-4.8%	28,5 k €
Operating result	3,5 k €	-71.6%	12,3 k €	-6.4%	13,1 k €	+3.2%	12,7 k €	-12.6%	14,5 k €
Net result	3,2 k €	-72.9%	11,9 k €	+48.0%	8 k €	-34.9%	12,3 k €	-13.8%	14,3 k €
Balance sheet
Equity	308 k €	+1.1%	304,8 k €	+4.1%	292,9 k €	+2.8%	284,9 k €	+4.5%	272,5 k €
Total assets	459,8 k €	+21.5%	378,3 k €	+28.3%	294,9 k €	+3.0%	286,3 k €	+3.3%	277,1 k €
Cash	2,2 k €	-78.9%	10,6 k €	+271486%	3,9 €	-100.0%	8,3 k €	-19.1%	10,3 k €
Debts	151,3 k €	+106%	73,5 k €	+3583%	2 k €	+37.5%	1,5 k €	-68.2%	4,6 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Zoë Tolkowsky	Directorsince 30/04/2020
Patricia Leflot	Managing directorsince 04/06/2018Director07/03/2012 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Paul Tolkowsky	Director04/06/2018 → 2018 accountsManaging director07/03/2012 → 30/04/2020
FRANK-OLIVIER HAY	Director07/06/2004 → 06/06/2010

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	17/08/2026	27/08/2025	28/08/2024	08/06/2023	20/06/2022	05/07/2021
General meeting	27/07/2026	28/07/2025	29/07/2024	05/06/2023	07/06/2022	07/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/07/2026	17/08/2026	Dutch	PDF
Micro model	31/12/2024	28/07/2025	27/08/2025	Dutch	PDF
Micro model	31/12/2023	29/07/2024	28/08/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	08/06/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	20/06/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	05/07/2021	Dutch	PDF
Micro model	31/12/2019	22/06/2020	29/06/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	24/07/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	19/12/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	10/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	08/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	21/09/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	13/04/2015	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	13/04/2015	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	05/07/2013	Dutch	PDF
Abridged model	31/12/2010	07/03/2012	05/07/2013	Dutch	PDF
Abridged model	31/12/2009	07/03/2012	05/07/2013	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	23/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	15/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Zoë Tolkowsky	Directorsince 30/04/2020
Patricia Leflot	Managing directorsince 04/06/2018Director07/03/2012 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Paul Tolkowsky	Director04/06/2018 → 2018 accountsManaging director07/03/2012 → 30/04/2020
FRANK-OLIVIER HAY	Director07/06/2004 → 06/06/2010

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates01/09/2026
Herbenoeming bestuurders
PDF
Registered office14/04/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2013
Herbenoeming bestuurders - Ontslag, beëindiging en benoeming
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Patricia Leflot

Zoë Tolkowsky

JEAN-PAUL TOLKOWSKY

IRIFON HOLDING SA

HILDA LESTIBOUDOIS

FRANK-OLIVIER HAY

19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

GALOR

Van Putlei 36, 2018 Antwerp-2018

Managing directorDirector

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Van Putlei 36, 2018 Antwerp-2018Current	accounts 2021 → 2025	Accounts 2025 · 2026-00401956

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
GALORCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00401956

Events

2025
Annual accounts 20253,2 k €↓
2024
Annual accounts 202411,9 k €↑
2023
Annual accounts 20238 k €↓
2022
Annual accounts 202212,3 k €↓
2021
Annual accounts 202114,3 k €↑
2020
Annual accounts 2020-14,9 k €↓
2019
Annual accounts 2019-7,5 k €↓
2018
Annual accounts 20182,5 k €↓
2017
Annual accounts 20175,9 k €↑
2016
Annual accounts 2016-5,5 k €↑
2015
Annual accounts 2015-6,3 k €↓
2014
Annual accounts 2014-3,4 k €↓
2013
Annual accounts 2013-1,4 k €↑
2012
Annual accounts 2012-2,4 k €↑
2011
Annual accounts 2011-9,4 k €↑
2010
Annual accounts 2010-13,3 k €↓
2009
Annual accounts 2009-8,8 k €↑
2008
Annual accounts 2008-11,2 k €↓
2007
Annual accounts 2007-8,4 k €↓
2006
Annual accounts 2006-6,4 k €
16/07/1998
IncorporationPublic limited company

GALOR

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events