Geert Spiloes
ActiveSummary
Geert Spiloes has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126k and a net result of €14k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 59% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+5
Solvency97▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.56 in 2024; short-term debt: 21.6% and cash: 15.2% of total assets), and 28.4% of the assets are financed with debt.
Credit check 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← 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
71.6%
Return on assets
7.7%
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
50 d early
2023
57 d early
2022
52 d early
2021
45 d early
2020
40 d early
2019
36 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€126k▼ 4.0%
2024 · €131k
2018: €43klowest in 8 years
2019: €57k▲ +31.5% vs 2018
2020: €64k▲ +13.7% vs 2019
2021: €96k▲ +49.1% vs 2020
2022: €115k▲ +19.4% vs 2021
2023: €140k▲ +22.0% vs 2022highest in 8 years
2024: €131k▼ -6.1% vs 2023
2025: €126k▼ -4.0% vs 2024
2018 → 2025
Total assets
€176k▼ 14.1%
2024 · €205k
2018: €54klowest in 8 years
2019: €76k▲ +38.7% vs 2018
2020: €87k▲ +14.9% vs 2019
2021: €185k▲ +114% vs 2020
2022: €195k▲ +5.3% vs 2021
2023: €236k▲ +21.1% vs 2022highest in 8 years
2024: €205k▼ -13.3% vs 2023
2025: €176k▼ -14.1% vs 2024
2018 → 2025
Net result
€14k▲ 104%
2024 · €7k
2018: €9k
2019: €14k▲ +68.1% vs 2018
2020: €19k▲ +30.9% vs 2019
2021: €33k▲ +76.6% vs 2020highest in 8 years
2022: €20k▼ -38.8% vs 2021
2023: €29k▲ +42.1% vs 2022
2024: €7k▼ -76.9% vs 2023lowest in 8 years
2025: €14k▲ +104% vs 2024
2018 → 2025
Working capital
€-10k▲ 58.1%
2024 · €-24k
2018: €33k
2019: €47k▲ +42.8% vs 2018highest in 8 years
2020: €31k▼ -35.6% vs 2019
2021: €-22k▼ -173% vs 2020
2022: €-13k▲ +41.4% vs 2021
2023: €-30k▼ -127% vs 2022lowest in 8 years
2024: €-24k▲ +18.1% vs 2023
2025: €-10k▲ +58.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€115k▲ 19.4%€140k▲ 22.0%€131k▼ 6.1%€126k▼ 4.0%
2021: €96klowest in 5 years
2022: €115k▲ +19.4% vs 2021
2023: €140k▲ +22.0% vs 2022highest in 5 years
2024: €131k▼ -6.1% vs 2023
2025: €126k▼ -4.0% vs 2024
Operating result€39k-€31k▼ 21.1%€43k▲ 41.0%€14k▼ 67.8%€22k▲ 60.8%
2021: €39k
2022: €31k▼ -21.1% vs 2021
2023: €43k▲ +41.0% vs 2022highest in 5 years
2024: €14k▼ -67.8% vs 2023lowest in 5 years
2025: €22k▲ +60.8% vs 2024
Net result€33k-€20k▼ 38.8%€29k▲ 42.1%€7k▼ 76.9%€14k▲ 104%
2021: €33khighest in 5 years
2022: €20k▼ -38.8% vs 2021
2023: €29k▲ +42.1% vs 2022
2024: €7k▼ -76.9% vs 2023lowest in 5 years
2025: €14k▲ +104% vs 2024
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 2025; 2025 is 61% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €176k
Fixed assets
€148k ▼ 15.0%
Current assets
€28k ▼ 9.5%
Equity and liabilities €176k
Equity
€126k ▼ 4.0%
Debt
€50k ▼ 32.2%
Debt's share of the balance-sheet total falls from 36.0% to 28.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€53k▲
2024 · €45k
Cash flow
€44k▲
2024 · €37k
Current ratio
0.73▲
2024 · 0.56
Debt to equity
0.40▼
2024 · 0.56
ROE
10.8%▲
2024 · 5.1%
ROA
7.7%▲
2024 · 3.3%
Interest coverage
23.59▲
2024 · 10.58
Debt ≤ 1 year
€38k▼
2024 · €55k
Debt > 1 year
€11k▼
2024 · €17k
Income taxes
€7k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€205k€176k▼
Fixed assets21/28€174k€148k▼
Tangible fixed assets22/27€174k€148k▼
Plant, machinery and equipment23€11k€8k▼
Furniture and vehicles24€55k€41k▼
Other tangible fixed assets26€108k€99k▼
Financial fixed assets28€149€149=
Current assets29/58€31k€28k▼
Amounts receivable within one year40/41€9k€879▼
Trade receivables40€452€424▼
Other amounts receivable41€9k€455▼
Cash at bank and in hand54/58€20k€27k▲
Deferred charges and accrued income490/1€957€300▼
Equity and liabilities
Total equity and liabilities10/49€205k€176k▼
Equity10/15€131k€126k▼
Contributions10/11€30k€30k=
Reserves13€101k€96k▼
Distributable reserves133€101k€96k▼
Amounts payable17/49€74k€50k▼
Amounts payable after more than one year17€17k€11k▼
Financial debts170/4€17k€11k▼
Amounts payable within one year42/48€55k€38k▼
Current portion of amounts payable after more than one year42€16k€6k▼
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€542€326▼
Suppliers440/4€542€326▼
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Other amounts payable47/48€32k€27k▼
Accrued charges and deferred income492/3€1k€691▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€30k▼
Other operating charges640/8€876€902▲
Non-recurring operating charges66A€58-
Gross operating margin9900€45k€54k▲
Operating profit (loss)9901€14k€22k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€10k€20k▲
Income taxes67/77€3k€7k▲
Profit (loss) for the period9904€7k€14k▲
Profit (loss) for the period to be appropriated9905€7k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€14k▲
Transfer from equity791/2€14k€17k▲
Transfer to equity691/2€5k€12k▲
To other reserves6921€5k€12k▲
Profit to be distributed694/7€15k€19k▲
Return on contributions (dividend)694€15k€19k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €19k | €23k | €31k | €30k | ▼ 0.4% |
| Other operating charges640/8 | €1k | €1k | €1k | €876 | €902 | ▲ 3.0% |
| Non-recurring operating charges66A | - | - | - | €58 | - | - |
| Gross operating margin9900 | €51k | €51k | €67k | €45k | €54k | ▲ 18.3% |
| Operating profit (loss)9901 | €39k | €31k | €43k | €14k | €22k | ▲ 60.8% |
| Financial income75/76B | €47 | - | €48 | - | - | - |
| Recurring financial income75 | €47 | - | €48 | - | - | - |
| Financial charges65/66B | €2k | €3k | €4k | €4k | €2k | ▼ 46.7% |
| Recurring financial charges65 | €2k | €3k | €4k | €4k | €2k | ▼ 46.7% |
| Profit (loss) for the period before taxes9903 | €37k | €28k | €40k | €10k | €20k | ▲ 107% |
| Income taxes67/77 | €4k | €7k | €11k | €3k | €7k | ▲ 114% |
| Profit (loss) for the period9904 | €33k | €20k | €29k | €7k | €14k | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | €33k | €20k | €29k | €7k | €14k | ▲ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €185k | €195k | €236k | €205k | €176k | ▼ 14.1% |
| Fixed assets21/28 | €170k | €168k | €205k | €174k | €148k | ▼ 15.0% |
| Intangible fixed assets21 | €184 | - | - | - | - | - |
| Tangible fixed assets22/27 | €170k | €168k | €205k | €174k | €148k | ▼ 15.0% |
| Plant, machinery and equipment23 | €20k | €17k | €14k | €11k | €8k | ▼ 26.8% |
| Furniture and vehicles24 | €21k | €23k | €73k | €55k | €41k | ▼ 24.7% |
| Other tangible fixed assets26 | €129k | €128k | €118k | €108k | €99k | ▼ 8.9% |
| Financial fixed assets28 | €149 | €149 | €149 | €149 | €149 | = |
| Current assets29/58 | €15k | €27k | €32k | €31k | €28k | ▼ 9.5% |
| Amounts receivable within one year40/41 | €2k | €9k | €5k | €9k | €879 | ▼ 90.7% |
| Trade receivables40 | €503 | €7k | €669 | €452 | €424 | ▼ 6.3% |
| Other amounts receivable41 | €1k | €2k | €5k | €9k | €455 | ▼ 94.9% |
| Cash at bank and in hand54/58 | €12k | €17k | €25k | €20k | €27k | ▲ 30.7% |
| Deferred charges and accrued income490/1 | €1k | €1k | €1k | €957 | €300 | ▼ 68.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €185k | €195k | €236k | €205k | €176k | ▼ 14.1% |
| Equity10/15 | €96k | €115k | €140k | €131k | €126k | ▼ 4.0% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Reserves13 | €66k | €85k | €110k | €101k | €96k | ▼ 5.2% |
| Non-distributable reserves130/1 | €3k | - | - | - | - | - |
| Reserves not available under the articles1311 | €3k | - | - | - | - | - |
| Distributable reserves133 | €63k | €85k | €110k | €101k | €96k | ▼ 5.2% |
| Amounts payable17/49 | €90k | €81k | €97k | €74k | €50k | ▼ 32.2% |
| Amounts payable after more than one year17 | €52k | €40k | €34k | €17k | €11k | ▼ 35.0% |
| Financial debts170/4 | €52k | €40k | €34k | €17k | €11k | ▼ 35.0% |
| Amounts payable within one year42/48 | €37k | €40k | €61k | €55k | €38k | ▼ 31.0% |
| Current portion of amounts payable after more than one year42 | €15k | €16k | €21k | €16k | €6k | ▼ 61.8% |
| Financial debts43 | - | - | - | €2k | - | - |
| Credit institutions430/8 | - | - | - | €2k | - | - |
| Trade debts44 | €1k | €1k | €2k | €542 | €326 | ▼ 39.8% |
| Suppliers440/4 | €1k | €1k | €2k | €542 | €326 | ▼ 39.8% |
| Taxes, remuneration and social security45 | €2k | €3k | €9k | €5k | €4k | ▼ 7.7% |
| Taxes450/3 | €2k | €3k | €9k | €5k | €4k | ▼ 7.7% |
| Other amounts payable47/48 | €19k | €21k | €30k | €32k | €27k | ▼ 14.7% |
| Accrued charges and deferred income492/3 | €433 | €909 | €1k | €1k | €691 | ▼ 45.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €20k | €29k | €7k | €14k | ▲ 104% |
| + Depreciation and write-downs630 | €11k | €19k | €23k | €31k | €30k | ▼ 0.4% |
| Operating cash flow (approximation) | €44k | €39k | €51k | €37k | €44k | ▲ 18.3% |
| Investment in fixed assets (approximation) | - | €-17k | €-59k | €0 | €-4k | - |
| Change in cash | - | €5k | €8k | €-5k | €6k | ▲ 230% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €7k ▼76.9%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €115k ▲19.4%
5 profitable years in a row build equity to €115k.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €33k ▲76.6%
Net result €33k, the highest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2009
Ground area
275 m²
Building footprint
183 m²
Volume, LiDAR
1,302 m³
2 parcels, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Olifantstraat 60, 9000 Gent
since 20092.301.995.783
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2841/00V020 | Flanders | 140 m² | 1 · 86 m² | 14.7 m · 4 fl. |
| 44804D2841/00R019 | Flanders | 135 m² | 1 · 97 m² | 13.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2022 to 2023 · 2 entries · 59 EUR awarded · 59 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 59 EUR |
| 2022 | 1 | 59 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 74 companies in sector 86963 we hold annual accounts for 20. 14 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
86963Human health activities
Scores and ratios are computed by Checked and are not a credit decision.