GEENARD ELECTRO
ActiveGEENARD ELECTRO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €960k and a net result of €57k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 7955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▼-3
Solvency52▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.15 in 2024; short-term debt: 40.3% and cash: 2.3% of total assets), and 72.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
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
27.4%
Return on assets
1.6%
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
135 d early
2023
138 d early
2022
111 d early
2021
30 d late
2020
16 d early
2019
91 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€960k▲ 5.9%
2024 · €906k
2018: €784k
2019: €795k
2020: €806k
2021: €808k
2022: €821k
2023: €853k
2024: €906k
2018 → 2025
Total assets
€3.51M▲ 16.5%
2024 · €3.01M
2018: €3.21M
2019: €3.44M
2020: €3.41M
2021: €3.24M
2022: €3.08M
2023: €2.74M
2024: €3.01M
2018 → 2025
Net result
€57k▲ 7.0%
2024 · €53k
2018: €6k
2019: €11k
2020: €10k
2021: €3k
2022: €13k
2023: €32k
2024: €53k
2018 → 2025
Working capital
€483k▲ 145%
2024 · €197k
2018: €402k
2019: €623k
2020: €527k
2021: €455k
2022: €827k
2023: €503k
2024: €197k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€808k-€821k▲ 1.6%€853k▲ 3.9%€906k▲ 6.2%€960k▲ 5.9%
Operating result€25k-€144k▲ 479%€128k▼ 11.1%€158k▲ 23.6%€150k▼ 5.4%
Net result€3k-€13k▲ 407%€32k▲ 144%€53k▲ 66.0%€57k▲ 7.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.51M
Fixed assets
€1.61M▲ 5.1%
Current assets
€1.90M▲ 28.4%
Equity and liabilities €3.51M
Equity
€960k▲ 5.9%
Debt
€2.55M▲ 21.1%
The debt ratio rises from 69.9% to 72.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€264k▼
2024 · €305k
Cash flow
€171k▼
2024 · €199k
Solvency
27.4%▼
2024 · 30.1%
Current ratio
1.34▲
2024 · 1.15
Quick ratio
0.78▲
2024 · 0.76
Debt / equity
2.65▲
2024 · 2.32
ROE
5.9%▲
2024 · 5.8%
ROA
1.6%▼
2024 · 1.8%
Interest coverage
3.54▼
2024 · 3.90
Debt
€2.55M▲
2024 · €2.10M
Debt ≤ 1 year
€1.41M▲
2024 · €1.28M
Debt > 1 year
€1.12M▲
2024 · €808k
Income taxes
€30k▲
2024 · €28k
Staff costs
€1.22M▲
2024 · €988k
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
Balance sheet
Code20242025
Assets
Total assets20/58€3.01M€3.51M▲
Formation expenses20€0-
Fixed assets21/28€1.53M€1.61M▲
Tangible fixed assets22/27€1.15M€1.26M▲
Land and buildings22€1.03M€1.15M▲
Plant, machinery and equipment23€56k€35k▼
Furniture and vehicles24€57k€77k▲
Financial fixed assets28€384k€350k▼
Current assets29/58€1.48M€1.90M▲
Stocks and contracts in progress3€504k€793k▲
Stocks30/36€302k€314k▲
Contracts in progress37€202k€479k▲
Amounts receivable within one year40/41€754k€1.01M▲
Trade receivables40€606k€929k▲
Other amounts receivable41€148k€80k▼
Cash at bank and in hand54/58€197k€80k▼
Deferred charges and accrued income490/1€23k€14k▼
Equity and liabilities
Total equity and liabilities10/49€3.01M€3.51M▲
Equity10/15€906k€960k▲
Contributions10/11€237k€237k=
Capital10€237k€237k=
Issued capital100€237k€237k=
Revaluation surpluses12€393k€393k=
Reserves13€24k€24k=
Non-distributable reserves130/1€24k€24k=
Legal reserve130€24k€24k=
Profit (loss) carried forward14€252k€306k▲
Amounts payable17/49€2.10M€2.55M▲
Amounts payable after more than one year17€808k€1.12M▲
Financial debts170/4€808k€1.12M▲
Amounts payable within one year42/48€1.28M€1.41M▲
Current portion of amounts payable after more than one year42€114k€130k▲
Trade debts44€1.05M€1.01M▼
Suppliers440/4€1.05M€1.01M▼
Advances received on contracts in progress46€7k€0▼
Taxes, remuneration and social security45€97k€181k▲
Taxes450/3€35k€41k▲
Remuneration and social security454/9€62k€140k▲
Other amounts payable47/48€10k€97k▲
Accrued charges and deferred income492/3€15k€16k▲
Income statement
Code20242025
Remuneration, social security and pensions62€988k€1.22M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€147k€114k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€11k€8k▼
Gross operating margin9900€1.30M€1.49M▲
Operating profit (loss)9901€158k€150k▼
Financial income75/76B€1k€12k▲
Recurring financial income75€793€2k▲
Non-recurring financial income76B€500€10k▲
Financial charges65/66B€78k€75k▼
Recurring financial charges65€78k€75k▼
Profit (loss) for the period before taxes9903€81k€87k▲
Income taxes67/77€28k€30k▲
Profit (loss) for the period9904€53k€57k▲
Profit (loss) for the period to be appropriated9905€53k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€252k€309k▲
Profit (loss) brought forward from the previous period14P€199k€252k▲
Profit to be distributed694/7-€3k
Directors or managers695-€3k
Social balance
Average headcount (FTE)908721.524.1▲
The notes to these accounts (26 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
14-09
State Gazette act
General meeting · Director reappointmentGeneral meeting · Director reappointment · Permanent representative12 facts ▸
State Gazette act
General meeting · Director reappointment
General meeting · Director reappointment · Permanent representative12 facts ▸
- General meeting, 2026-05-29
- Director reappointment, Gert GEENARD (bestuurder)
- Director reappointment, Raymond MEERS (bestuurder)
- Director reappointment, GEN3G NV (bestuurder)
- Permanent representative, Valeska MEERS
- Mandate compensation, Gert GEENARD
- Board meeting, 2026-05-29
- Director appointment, Gert GEENARD (gedelegeerd bestuurder)
- Director appointment, GEN3G NV (gedelegeerd bestuurder)
- Power of attorney, Huysmans - Ruette Boekhouding en Fiscaliteit BV
- Mandate compensation, Raymond MEERS
- Mandate compensation, GEN3G NV
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €57k ▲7%
Net result €57k, the highest in the series.
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €3k ▼75%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26115114). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
GEN3G
CurrentDirector · since 29-05-2026 · Public limited company · perm. rep.: Valeska MEERS
Gert GEENARD
CurrentDirector · since 29-05-2026
Raymond MEERS
CurrentDirector · since 29-05-2026
29-05-2026
GEN3G: Mandate renewed as Director
29-05-2026
GEN3G: Appointed as Managing director
29-05-2026
Gert GEENARD: Mandate renewed as Director
29-05-2026
Gert GEENARD: Appointed as Managing director
29-05-2026
Raymond MEERS: Mandate renewed as Director
Location & real-estate footprint
Registered office, Lanaken · 2 establishment units since 1988
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.
Kompveldstraat 93620 LanakenGround area
9,224 m²
Building footprint
2,126 m²
Volume, LiDAR
11,049 m³
2 parcels, Flanders · tallest building 21.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
GEENARD ELECTRO NV
since 19882.035.328.828
GEENARD ELECTRO NV
since 20162.258.789.411
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73014B0086/00K000 | Flanders | 4,859 m² | 1 · 502 m² | 21.4 m · 2 fl. |
| 73088A0185/00D000 | Flanders | 4,364 m² | 1 · 1,624 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
GEENARD ELECTROBE 0433.513.586
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 13,894 EUR awarded · 14,357 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,332 EUR | 1,889 EUR |
| 2024 | 1 | 2,730 EUR | 2,636 EUR |
| 2023 | 2 | 815 EUR | 2,015 EUR |
| 2022 | 2 | 9,017 EUR | 7,817 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Stagebonus (stopgezet)
Recognitions · licences · registrations
Recognised contractor
4 categoriesGEENARD ELECTRO NV26266
Dual-learning approval
5 live approvalsElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Similar companies · same sector, comparable size
Luc Dumarey
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B.E.ST ELECTRONICS BELGIUM
BE 0883.322.382
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MOSSY ELECTRICS
BE 0880.919.554
Dendermonde · Eq €953k
DELFOSSE ELECTRICITE
BE 0453.534.089
Theux · Eq €967k
BEKAERT IMMO
BE 0411.092.334
Alken · Eq €951k
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 4,785 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-02-1988
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
46620Wholesale of machine tools
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.