GEEL
ActiveThe annual accounts of GEEL for fiscal year 2024 show a net loss of 89% of the equity at the start of that year. The 2024 annual accounts show equity of €650 and a net result of €-5k. Equity is shrinking by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 11614 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
34
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency27▼-56
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit 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 short (current ratio 0.13 against 0.76 in 2023; short-term debt: 97.7% and cash: 4.8% of total assets), and 98.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
1.9%
Return on assets
-15.1%
Age of the figures
21 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-5k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 11614 sector peers (2024).
NBB · sector comparisonPosition among 11614 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
28 d early
2022
16 d late
2021
11 d late
2020
1 d early
2019
3 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€650▼ 89.1%
2023 · €6k
2018: €11k
2019: €8k
2020: €9k
2021: €6k
2022: €11k
2023: €6k
2018 → 2024
Total assets
€35k▲ 242%
2023 · €10k
2018: €14k
2019: €10k
2020: €11k
2021: €10k
2022: €11k
2023: €10k
2018 → 2024
Net result
€-5k▼ 9.4%
2023 · €-5k
2018: €2k
2019: €-3k
2020: €975
2021: €-3k
2022: €-5k
2023: €-5k
2018 → 2024
Working capital
€-30k▼ 2,830%
2023 · €-1k
2018: €10k
2019: €8k
2020: €9k
2021: €3k
2022: €3k
2023: €-1k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€9k-€6k▼ 31.2%€11k▲ 70.3%€6k▼ 44.9%€650▼ 89.1%
Operating result€453-€-3k€-5k▼ 75.2%€-5k▲ 2.2%€-5k▼ 9.4%
Net result€975-€-3k€-5k▼ 73.5%€-5k▲ 2.6%€-5k▼ 9.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2024 against €5k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35k
Fixed assets
€30k▲ 338%
Current assets
€5k▲ 38.1%
Equity and liabilities €35k
Equity
€650▼ 89.1%
Debt
€34k▲ 703%
The debt ratio rises from 41.8% to 98.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-738▲
2023 · €-2k
Cash flow
€-804▲
2023 · €-2k
Solvency
1.9%▼
2023 · 58.2%
Current ratio
0.13▼
2023 · 0.76
Quick ratio
0.11▼
2023 · 0.62
ROA
-15.1%▲
2023 · -47.3%
Interest coverage
-11.13▲
2023 · -30.15
Debt
€34k▲
2023 · €4k
Debt ≤ 1 year
€34k▲
2023 · €4k
Staff costs
€0
Equity ratios withheld: equity of €650 is too small for a meaningful ratio.
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€10k€35k▲
Fixed assets21/28€7k€30k▲
Tangible fixed assets22/27€7k€30k▲
Land and buildings22€3k€3k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€2k€27k▲
Current assets29/58€3k€5k▲
Stocks and contracts in progress3€630€630=
Stocks30/36€630€630=
Amounts receivable within one year40/41€2k€2k▲
Trade receivables40€1k€2k▲
Other amounts receivable41€853-
Cash at bank and in hand54/58€472€2k▲
Equity and liabilities
Total equity and liabilities10/49€10k€35k▲
Equity10/15€6k€650▼
Contributions10/11-€19k
Capital10-€19k
Issued capital100-€19k
Reserves13€19k-
Distributable reserves133€19k-
Profit (loss) carried forward14€-13k€-18k▼
Amounts payable17/49€4k€34k▲
Amounts payable within one year42/48€4k€34k▲
Trade debts44-€3k
Suppliers440/4-€3k
Taxes, remuneration and social security45€115€773▲
Taxes450/3€115€773▲
Other amounts payable47/48€4k€30k▲
Accrued charges and deferred income492/3-€141
Income statement
Code20232024
Remuneration, social security and pensions62-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€829€2k▲
Gross operating margin9900€-949€980▲
Operating profit (loss)9901€-5k€-5k▼
Financial income75/76B€12-
Recurring financial income75€12-
Non-recurring financial income76B€12-
Financial charges65/66B€69€66▼
Recurring financial charges65€59€66▲
Non-recurring financial charges66B€10-
Profit (loss) for the period before taxes9903€-5k€-5k▼
Profit (loss) for the period9904€-5k€-5k▼
Profit (loss) for the period to be appropriated9905€-5k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-18k▼
Profit (loss) brought forward from the previous period14P€-8k€-13k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
31-12
Financial
Liquidity times 9current ratio 15.83
Current ratio from 1.86 to 15.83; short-term debt falls from €4k to €212.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €975
Net result €975 after one loss-making year.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
03-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Aartselaar · 1 establishment unit since 2011
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.
Leon Gilliotlaan 782630 AartselaarGround area
236 m²
Building footprint
73 m²
Volume, LiDAR
592 m³
Parcel 11001B0290/00D003, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
See 4 Real
since 20112.198.173.715
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0290/00D003 | Flanders | 236 m² | 1 · 73 m² | 9.4 m · 3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 425 EUR awarded · 425 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 425 EUR | 425 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 138 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-04-2011
Fiscal year end31-12
Activities, NACEBEL
71112Activities of interior architects
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.