Belgeonne Geo Construct
ActiveSummary
The computed 12-month bankruptcy probability of Belgeonne Geo Construct is 2.0% (moderate). The 2025 annual accounts show equity of €103k and a net result of €29k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 7453 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+18
Solvency46▲+6
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.5 against 0.24 in 2024; short-term debt: 13.7% and cash: 1.9% of total assets), and 78.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.1%
Return on assets
6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
5 d late
2024
12 d late
2023
12 d early
2022
2 d late
2021
26 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€103k▲ 39.8%
2024 · €74k
2021: €46k
2022: €51k
2023: €56k
2024: €74k
2021 → 2025
Total assets
€489k▼ 0.3%
2024 · €490k
2021: €515k
2022: €487k
2023: €511k
2024: €490k
2021 → 2025
Net result
€29k▲ 67.7%
2024 · €18k
2021: €721
2022: €5k
2023: €5k
2024: €18k
2021 → 2025
Working capital
€-33k▲ 47.7%
2024 · €-63k
2021: €4k
2022: €-12k
2023: €-74k
2024: €-63k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€51k▲ 11.5%€56k▲ 10.2%€74k▲ 31.2%€103k▲ 39.8%
Operating result€10k-€19k▲ 93.1%€18k▼ 2.5%€38k▲ 110%€54k▲ 41.3%
Net result€721-€5k▲ 632%€5k▼ 1.0%€18k▲ 236%€29k▲ 67.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 41% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €489k
Fixed assets
€455k ▼ 3.3%
Current assets
€34k ▲ 70.7%
Equity and liabilities €489k
Equity
€103k ▲ 39.8%
Debt
€386k ▼ 7.4%
Debt's share of the balance-sheet total falls from 85.0% to 78.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69k▲
2024 · €55k
Cash flow
€45k▲
2024 · €34k
Current ratio
0.50▲
2024 · 0.24
Debt to equity
3.74▼
2024 · 5.65
ROE
28.5%▲
2024 · 23.8%
ROA
6.0%▲
2024 · 3.6%
Interest coverage
5.59▲
2024 · 3.82
Debt ≤ 1 year
€67k▼
2024 · €83k
Debt > 1 year
€318k▼
2024 · €332k
Income taxes
€12k▲
2024 · €6k
Staff costs
€241
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€490k€489k▼
Formation expenses20€0€0=
Fixed assets21/28€470k€455k▼
Tangible fixed assets22/27€470k€455k▼
Land and buildings22€460k€446k▼
Plant, machinery and equipment23€8k€8k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€20k€34k▲
Stocks and contracts in progress3€3k-
Stocks30/36€3k-
Amounts receivable within one year40/41€14k€19k▲
Trade receivables40€13k€13k▲
Other amounts receivable41€932€6k▲
Cash at bank and in hand54/58-€9k
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€490k€489k▼
Equity10/15€74k€103k▲
Contributions10/11€45k€45k=
Reserves13€10k€20k▲
Distributable reserves133€10k€20k▲
Profit (loss) carried forward14€19k€38k▲
Amounts payable17/49€417k€386k▼
Amounts payable after more than one year17€332k€318k▼
Financial debts170/4€319k€291k▼
Other amounts payable178/9€13k€27k▲
Amounts payable within one year42/48€83k€67k▼
Current portion of amounts payable after more than one year42€27k€30k▲
Financial debts43€23k-
Credit institutions430/8€23k-
Trade debts44€8k€12k▲
Suppliers440/4€8k€12k▲
Advances received on contracts in progress46€19k€13k▼
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€7k€11k▲
Remuneration and social security454/9-€1k
Accrued charges and deferred income492/3€1k€926▼
Income statement
Code20242025
Remuneration, social security and pensions62-€241
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€543-
Gross operating margin9900€58k€72k▲
Operating profit (loss)9901€38k€54k▲
Financial income75/76B€6€33▲
Recurring financial income75€6€33▲
Financial charges65/66B€14k€12k▼
Recurring financial charges65€14k€12k▼
Profit (loss) for the period before taxes9903€24k€42k▲
Income taxes67/77€6k€12k▲
Profit (loss) for the period9904€18k€29k▲
Profit (loss) for the period to be appropriated9905€18k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€48k▲
Profit (loss) brought forward from the previous period14P€11k€19k▲
Transfer to equity691/2€10k€10k=
To other reserves6921€10k€10k=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
31-12
Financial
Highest result since 2021net €29k ▲67.7%
Operating result €54k, net result €29k, both a record.
31-12
Financial
Equity above €100kEq €103k ▲39.8%
5 profitable years in a row build equity to €103k.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Walcourt · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Allée J.F. Kennedy(Cha) 185650 Walcourt1 establishment unit
Belgeonne Geo Construct
since 20212.315.126.615
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 13,111 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-03-2021
Fiscal year end31-12
Abbreviation FR
BG Construct
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43110Demolition
43120Site preparation
43223Specialised construction activities
43230Insulation installation
43240Other construction installation
43310Plastering work
43320Joinery installation
43350Other building finishing work
43410Roofing work
43421Specialised construction activities
43422Screed work
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filings
Scores and ratios are computed by Checked and are not a credit decision.