GEELEN
ActiveSummary
GEELEN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €802k and a net result of €55k. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 1736 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-4
Solvency69▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 0.94 in 2024; short-term debt: 19.8% and cash: 5.9% of total assets), and 56.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
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
43.8%
Return on assets
3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
28 d early
2023
16 d early
2022
31 d early
2021
17 d late
2020
58 d early
2019
29 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, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€802k▲ 7.4%
2024 · €747k
2018: €130k
2019: €165k
2020: €318k
2021: €438k
2022: €520k
2023: €631k
2024: €747k
2018 → 2025
Total assets
€1.83M▲ 0.8%
2024 · €1.82M
2018: €528k
2019: €712k
2020: €990k
2021: €1.26M
2022: €1.41M
2023: €1.57M
2024: €1.82M
2018 → 2025
Net result
€55k▼ 52.6%
2024 · €116k
2018: €83k
2019: €83k
2020: €154k
2021: €120k
2022: €81k
2023: €112k
2024: €116k
2018 → 2025
Working capital
€89k
2024 · €-29k
2018: €40k
2019: €45k
2020: €118k
2021: €37k
2022: €98k
2023: €189k
2024: €-29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€438k-€520k▲ 18.6%€631k▲ 21.5%€747k▲ 18.4%€802k▲ 7.4%
Operating result€134k-€96k▼ 28.4%€162k▲ 68.4%€168k▲ 3.6%€88k▼ 47.3%
Net result€120k-€81k▼ 32.2%€112k▲ 37.3%€116k▲ 4.0%€55k▼ 52.6%
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 falls in 2025; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.83M
Fixed assets
€1.38M ▲ 2.8%
Current assets
€452k ▼ 5.0%
Equity and liabilities €1.83M
Equity
€802k ▲ 7.4%
Debt
€1.03M ▼ 3.8%
The debt ratio falls from 58.9% to 56.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€384k▼
2024 · €417k
Cash flow
€350k▼
2024 · €365k
Current ratio
1.24▲
2024 · 0.94
Quick ratio
1.24▲
2024 · 0.94
Debt / equity
1.28▼
2024 · 1.43
ROE
6.9%▼
2024 · 15.5%
ROA
3.0%▼
2024 · 6.4%
Interest coverage
11.73▼
2024 · 14.68
Debt ≤ 1 year
€363k▼
2024 · €505k
Debt > 1 year
€665k▲
2024 · €565k
Income taxes
€12k▼
2024 · €32k
Staff costs
€289k▲
2024 · €159k
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.82M€1.83M▲
Fixed assets21/28€1.34M€1.38M▲
Tangible fixed assets22/27€1.34M€1.38M▲
Land and buildings22€14k€24k▲
Plant, machinery and equipment23€164k€159k▼
Furniture and vehicles24€1.16M€1.19M▲
Leasing and similar rights25€2k€406▼
Financial fixed assets28€690€825▲
Current assets29/58€476k€452k▼
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€277k€285k▲
Trade receivables40€273k€275k▲
Other amounts receivable41€4k€10k▲
Cash at bank and in hand54/58€184k€108k▼
Deferred charges and accrued income490/1€12k€57k▲
Equity and liabilities
Total equity and liabilities10/49€1.82M€1.83M▲
Equity10/15€747k€802k▲
Contributions10/11€132k€132k=
Reserves13€615k€670k▲
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€611k€666k▲
Amounts payable17/49€1.07M€1.03M▼
Amounts payable after more than one year17€565k€665k▲
Financial debts170/4€555k€664k▲
Other amounts payable178/9€10k€2k▼
Amounts payable within one year42/48€505k€363k▼
Current portion of amounts payable after more than one year42€213k€276k▲
Trade debts44€210k€35k▼
Suppliers440/4€210k€35k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€81k€52k▼
Taxes450/3€73k€44k▼
Remuneration and social security454/9€9k€8k▼
Accrued charges and deferred income492/3€0€374▲
Income statement
Code20242025
Non-recurring operating income76A€65k€5k▼
Remuneration, social security and pensions62€159k€289k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€249k€295k▲
Other operating charges640/8€14k€13k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€591k€685k▲
Operating profit (loss)9901€168k€88k▼
Financial income75/76B€9k€12k▲
Recurring financial income75€9k€12k▲
Financial charges65/66B€28k€33k▲
Recurring financial charges65€28k€33k▲
Profit (loss) for the period before taxes9903€148k€67k▼
Income taxes67/77€32k€12k▼
Profit (loss) for the period9904€116k€55k▼
Profit (loss) for the period to be appropriated9905€116k€55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€116k€55k▼
Transfer to equity691/2€116k€55k▼
To other reserves6921€116k€55k▼
Social balance
Average headcount (FTE)9087-4.5
The notes to these accounts (20 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €55k ▼52.6%
Net result drops to €55k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €520k ▲18.6%
5 profitable years in a row build equity to €520k.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €154k ▲84.4%
Operating result €173k, net result €154k, both a record.
31-12
Financial
Equity above €200kEq €318k ▲93.3%
3 profitable years in a row build equity to €318k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €165k ▲26.7%
2 profitable years in a row build equity to €165k.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Maaseik · 1 establishment unit since 2005
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.
Kokkelstraat 123680 MaaseikGround area
2,591 m²
Building footprint
200 m²
Volume, LiDAR
994 m³
Parcel 72024A2003/00C000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GEELEN
since 20052.148.969.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72024A2003/00C000 | Flanders | 2,591 m² | 1 · 200 m² | 7.2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 315 EUR awarded · 315 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 315 EUR | 315 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteMaaseik2.148.969.078
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
DIRK BIERMANS
BE 0471.586.284
Herentals · Eq €803k
STRUBBE - DE PESTEL
BE 0437.645.093
Oostkamp · Eq €804k
BAEYENS
BE 0448.031.914
Kasterlee · Eq €806k
ENTREPRISES GILBERT VEYS ET FILS
BE 0434.216.738
Ellezelles · Eq €806k
Deco-zaden
BE 0461.592.415
Zedelgem · Eq €807k
Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 915 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-08-2005
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
01610Support activities for crop production
43120Site preparation
45112
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.grondwerkengeelen.be
E-mail:info@grondwerkengeelen.be