Financials
- Fiscal year
- 2024
- Total assets
- €76,947
- Loss
- -€47,187
- Solvency
- 64.5%
Ets Geurts
ActiveSummary
The computed 12-month bankruptcy probability of Ets Geurts is 10.3% (high). The annual accounts of Ets Geurts for fiscal year 2024 show a net loss of 61% of total assets. The 2024 annual accounts show equity of €49,666 and a net result of -€47,187. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 36400 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Plumbing work
NACE 43221Combined facilities support activities NACE 81100
1 site
Size
€76,947total assets 2024
- Equity
- €49,666
- Loss
- -€47,187
Structure
Accounts 67 d overdue0 of 3 deeds read
Why 32- 1 financial year not filed after the legal deadline; latest accounts 194 days late; 3 of the last 3 late- Liquidity: current ratio 2.51- Figures for FY 2024 (filed 10-02-2026)- Size: total assets €76,947Show the evidence
Checked score
Score 2024
32
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 37% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
90-10
equity 64.5% of total assets
Liquidity
68-19
short-term debt 35.5%
Profitability
0-13
return on assets -61.3%
Bankruptcy probability, 12 months
10.3%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 4.5%lowest value
12-2024: 5.1%▲ +14.0% vs 11-2024
01-2025: 7.1%▲ +40.0% vs 12-2024
02-2025: 7.1%● 0.0% vs 01-2025
03-2025: 6.4%▼ -10.2% vs 02-2025
04-2025: 6.5%▲ +1.3% vs 03-2025
05-2025: 6.1%▼ -6.3% vs 04-2025
06-2025: 5.8%▼ -4.5% vs 05-2025
07-2025: 5.4%▼ -7.0% vs 06-2025
08-2025: 5.6%▲ +4.0% vs 07-2025
09-2025: 6.0%▲ +7.5% vs 08-2025
10-2025: 8.2%▲ +35.5% vs 09-2025
11-2025: 8.1%▼ -0.6% vs 10-2025
12-2025: 9.6%▲ +18.9% vs 11-2025
01-2026: 12.9%▲ +33.6% vs 12-2025highest value
02-2026: 12.9%● 0.0% vs 01-2026highest value
03-2026: 8.5%▼ -33.9% vs 02-2026
04-2026: 8.5%● 0.0% vs 03-2026
05-2026: 8.4%▼ -1.2% vs 04-2026
06-2026: 8.1%▼ -4.0% vs 05-2026
07-2026: 7.9%▼ -1.7% vs 06-2026
08-2026: 8.4%▲ +5.5% vs 07-2026
09-2026: 8.2%▼ -2.0% vs 08-2026
10-2026: 10.3%▲ +25.7% vs 09-2026
- 1 financial year not filed after the legal deadline; latest accounts 194 days late; 3 of the last 3 late raises the probability
- Liquidity: current ratio 2.51 raises the probability
- Figures for FY 2024 (filed 10-02-2026) raises the probability
- Size: total assets €76,947 raises the probability for this profile
Credit up to €1,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.51 against 4.6 in 2023; short-term debt: 35.5% of total assets), and 35.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 70%, liquidity 67%, profitability 4%, growth against the median 9%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-02-2026, 194 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
194 d late
2023
205 d late
2022
136 d late
2021
26 d late
2020
19 d late
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 93 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Weakest financial yearnet -€47,187
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- 10-02-2026Annual accounts filed
- 21-02-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Plumbing workNACE 43221
- Founded
- 21-01-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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