ACTIVE

galcap participations

Financial year 2025 · Closed on 31/12/2025

Net result3,7 M €+1 379,3 %over 1 year

Gross margin561,3 k €+6 085,6 %over 1 year

Equity8,6 M €+73,0 %over 1 year

Identity

Source · BCE/KBO

galcap participations is a Private limited company incorporated in 2005. Its main activity is: Activities of holding companies. Its registered office is in Forest.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0875.127.862
Incorporation: 14/07/2005
Legal form: Private limited company
Registered office: Avenue Van Volxem 302 box 4
1190 Forest · BruxellesSee on map
Contributed capital: 6 666 701,91 €
Latest accounts: 31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 65231Reinsurance 70200Management consultancy activities 70220Business and other management consultancy activities+1

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 17 filings

Trend over 17 financial years

	2025		2023		2022		2019		2018
Income statement
Gross margin	561,3 k €	+6086%	-9,4 k €	-189%	10,5 k €	+108%	-126,5 k €	+29.1%	-178,3 k €
EBITDA	559,3 k €	+593%	-113,4 k €	-1222%	10,1 k €	+102%	-428 k €	-139%	-179,1 k €
Operating result	559,3 k €	+593%	-113,4 k €	-1222%	10,1 k €	+102%	-428 k €	-139%	-179,1 k €
Net result	3,7 M €	+1379%	-287,8 k €	-616%	55,7 k €	+111%	-484,6 k €	-1999%	25,5 k €
Balance sheet
Equity	8,6 M €	+73.0%	5 M €	-5.5%	5,2 M €	-19.0%	6,5 M €	-7.0%	7 M €
Total assets	11,6 M €	+116%	5,4 M €	-4.0%	5,6 M €	-27.0%	7,7 M €	-6.8%	8,2 M €
Cash	5,9 k €	-93.4%	88,7 k €	-78.4%	410,3 k €	+53.6%	267,2 k €	+67.9%	159,2 k €
Debts	2,7 M €	+3290%	80,9 k €	+422%	15,5 k €	-98.2%	856,2 k €	-15.8%	1 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexis GURDJIAN	Directorsince 25/03/2014Manageruntil 01/08/2007ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Galaxis Capital LLPRepresented by Alexis Gurdjian	Manager01/08/2007 → 2013 accounts

Other companies at this address

Avenue Van Volxem 302 1190 Forest

Company	CBE no.
EAZY● Active	0639.765.478
GOEMANNE and GUNSBOURG● Active	0875.707.486
METIS PRODUCTIONS● Active	0861.972.583
TSANGO● Active	0739.974.990

Full financial information

Source · NBB

	2025	2023	2022	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2023	01/01/2022	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2025	31/12/2023	31/12/2022	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	31/08/2026	30/08/2024	31/08/2023	24/06/2020	17/06/2019	28/06/2018
General meeting	08/06/2026	21/05/2024	16/05/2023	16/05/2020	21/05/2019	15/05/2018
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2023	21/05/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	16/05/2023	31/08/2023	French	PDF
Abridged model	31/12/2019	16/05/2020	24/06/2020	French	PDF
Abridged model	31/12/2018	21/05/2019	17/06/2019	French	PDF
Abridged model	31/12/2017	15/05/2018	28/06/2018	French	PDF
Abridged model	31/12/2016	16/05/2017	15/06/2017	French	PDF
Abridged model	31/12/2015	01/07/2016	17/07/2016	French	PDF
Abridged model	31/12/2014	19/05/2015	10/07/2015	French	PDF
Abridged model	31/12/2013	20/05/2014	20/08/2014	French	PDF
Abridged model	31/12/2012	21/05/2013	25/06/2013	French	PDF
Abridged model	31/12/2011	15/05/2012	26/06/2012	French	PDF
Abridged model	31/12/2010	17/05/2011	18/06/2011	French	PDF
Abridged model	31/12/2009	18/05/2010	15/06/2010	French	PDF
Abridged model	31/12/2008	19/05/2009	22/06/2009	French	PDF
Abridged model	31/12/2007	20/05/2008	29/06/2008	French	PDF
Abridged model	31/12/2006	15/05/2007	11/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexis GURDJIAN	Directorsince 25/03/2014Manageruntil 01/08/2007ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Galaxis Capital LLPRepresented by Alexis Gurdjian	Manager01/08/2007 → 2013 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/07/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office19/04/2021
SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
PDF
Mandates08/05/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates08/05/2014
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares31/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates19/11/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates17/04/2007
SIEGE SOCIAL - DENOMINATION - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office06/11/2006
SIEGE SOCIAL
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

Filings17 filings

Mandates

Alexis GURDJIAN

Galaxis Capital LLP

2005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

galcap participations

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Van Volxem 302 bte 4, 1190 ForestCurrent		CBE
Avenue Van Volxem 302/304 bte 4, 1190 Forest	accounts 2025	Accounts 2025 · 2026-00475635
Avenue Van Volxem 302-4 bte 4, 1190 Forest	accounts 2023	Accounts 2023 · 2024-00437516
Avenue Van Volxem 302, 1190 Forest	accounts 2022	Accounts 2022 · 2023-00434646

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
galcap participationsCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00475635

Events

2025
Annual accounts 20253,7 M €↑
2023
Annual accounts 2023-287,8 k €↓
2022
Annual accounts 202255,7 k €↑
2019
Annual accounts 2019-484,6 k €↓
2018
Annual accounts 201825,5 k €↓
2017
Annual accounts 201754,4 k €↓
2016
Annual accounts 2016267,8 k €↑
2015
Annual accounts 201525,3 k €↓
2014
Annual accounts 2014258,3 k €↑
2013
Annual accounts 2013-79,3 k €↓
2012
Annual accounts 2012224,7 k €↑
2011
Annual accounts 2011-70,9 k €↑
2010
Annual accounts 2010-242,3 k €↓
2009
Annual accounts 2009-183,7 k €↓
2008
Annual accounts 200836,3 k €↑
2007
Annual accounts 2007-10,3 k €↑
2006
Annual accounts 2006-15,1 k €
14/07/2005
IncorporationPrivate limited company

galcap participations

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events