BELLEMANS GEERT
ActiveBELLEMANS GEERT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €506k and a net result of €88k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+9
Solvency67▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.46 in 2023; short-term debt: 38.2% and cash: 29.9% of total assets), and 58% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
27 d early
2022
42 d early
2021
31 d early
2020
37 d early
2019
11 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€506k▲ 21.0%
2023 · €418k
2018: €367k
2019: €368k
2020: €373k
2021: €393k
2022: €413k
2023: €418k
2018 → 2024
Total assets
€1.20M▲ 5.8%
2023 · €1.14M
2018: €940k
2019: €964k
2020: €1.03M
2021: €1.06M
2022: €1.07M
2023: €1.14M
2018 → 2024
Net result
€88k▲ 1,431%
2023 · €6k
2018: €20k
2019: €1k
2020: €5k
2021: €20k
2022: €20k
2023: €6k
2018 → 2024
Working capital
€-63k▲ 73.8%
2023 · €-239k
2018: €-67k
2019: €-149k
2020: €-201k
2021: €-178k
2022: €-195k
2023: €-239k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€373k-€393k▲ 5.5%€413k▲ 5.0%€418k▲ 1.4%€506k▲ 21.0%
Operating result€15k-€35k▲ 130%€34k▼ 1.9%€15k▼ 57.0%€133k▲ 807%
Net result€5k-€20k▲ 318%€20k▼ 2.7%€6k▼ 71.0%€88k▲ 1,431%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 807% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.20M
Fixed assets
€808k▼ 13.3%
Current assets
€397k▲ 91.5%
Equity and liabilities €1.20M
Equity
€506k▲ 21.0%
Debt
€699k▼ 3.1%
The debt ratio falls from 63.3% to 58.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€231k▲
2023 · €104k
Cash flow
€186k▲
2023 · €95k
Solvency
42.0%▲
2023 · 36.7%
Current ratio
0.86▲
2023 · 0.46
Quick ratio
0.86▲
2023 · 0.44
Debt / equity
1.38▼
2023 · 1.72
ROE
17.3%▲
2023 · 1.4%
ROA
7.3%▲
2023 · 0.5%
Interest coverage
21.16▲
2023 · 10.37
Debt
€699k▼
2023 · €721k
Debt ≤ 1 year
€460k▲
2023 · €446k
Debt > 1 year
€238k▼
2023 · €275k
Income taxes
€37k▲
2023 · €2k
Staff costs
€64k▼
2023 · €65k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.14M€1.20M▲
Fixed assets21/28€932k€808k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€930k€806k▼
Land and buildings22€823k€642k▼
Plant, machinery and equipment23€16k€9k▼
Furniture and vehicles24€91k€155k▲
Financial fixed assets28€383€383=
Current assets29/58€207k€397k▲
Stocks and contracts in progress3€12k€520▼
Stocks30/36€12k€520▼
Amounts receivable within one year40/41€34k€13k▼
Trade receivables40€31k€7k▼
Other amounts receivable41€3k€6k▲
Cash at bank and in hand54/58€158k€360k▲
Deferred charges and accrued income490/1€3k€24k▲
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.20M▲
Equity10/15€418k€506k▲
Contributions10/11€19k€19k=
Reserves13€400k€488k▲
Distributable reserves133€400k€488k▲
Amounts payable17/49€721k€699k▼
Amounts payable after more than one year17€275k€238k▼
Financial debts170/4€275k€238k▼
Amounts payable within one year42/48€446k€460k▲
Current portion of amounts payable after more than one year42€67k€79k▲
Trade debts44€8k€9k▲
Suppliers440/4€8k€9k▲
Advances received on contracts in progress46€10k-
Taxes, remuneration and social security45€4k€21k▲
Taxes450/3€2k€19k▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€357k€351k▼
Accrued charges and deferred income492/3-€693
Income statement
Code20232024
Non-recurring operating income76A-€63k
Remuneration, social security and pensions62€65k€64k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€98k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€171k€298k▲
Operating profit (loss)9901€15k€133k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€8k€125k▲
Income taxes67/77€2k€37k▲
Profit (loss) for the period9904€6k€88k▲
Profit (loss) for the period to be appropriated9905€6k€88k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€88k▲
Transfer to equity691/2€6k€88k▲
To other reserves6921€6k€88k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €88k ▲1431%
Operating result €133k, net result €88k, both a record.
31-12
Financial
Equity above €500kEq €506k ▲21%
7 profitable years in a row build equity to €506k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €1k ▼94.7%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Pajottegem · 1 establishment unit since 2008
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.
Langestraat 141755 PajottegemGround area
1,002 m²
Building footprint
165 m²
Volume, LiDAR
975 m³
Parcel 23040C0106/00F000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bellemans Geert
since 20082.172.482.571
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23040C0106/00F000 | Flanders | 1,002 m² | 1 · 165 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Leclercq-Laurent
BE 0736.558.711
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COOL & DRAFT
BE 0891.227.189
Maldegem · Eq €506k
ADRIAENSENS
BE 0473.216.874
Mortsel · Eq €506k
DE GROOTE PETER
BE 0894.936.153
Knokke-Heist · Eq €506k
DEGRE 12
BE 0457.464.470
Aiseau-Presles · Eq €507k
Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 3,991 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-08-2008
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
43410Roofing work
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.