Geerts
ActiveSummary
Geerts has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.20M and a net result of €277k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 68% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+2
Solvency84▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.81 in 2024; short-term debt: 33.5% and cash: 32.1% of total assets), and 40.7% 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+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
59.3%
Return on assets
13.7%
Age of the figures
9 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
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 29-04-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
93 d early
2024
14 d early
2023
19 d early
2022
26 d early
2021
23 d early
2020
15 d early
2019
15 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, abbreviated schema
Equity
€1.20M=
2024 · €1.20M
2018: €531klowest in 8 years
2019: €719k▲ +35.3% vs 2018
2020: €815k▲ +13.3% vs 2019
2021: €877k▲ +7.7% vs 2020
2022: €982k▲ +11.9% vs 2021
2023: €1.02M▲ +4.0% vs 2022
2024: €1.20M▲ +17.6% vs 2023highest in 8 years
2025: €1.20M● 0.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€2.03M▼ 2.3%
2024 · €2.07M
2018: €1.06Mlowest in 8 years
2019: €1.21M▲ +13.7% vs 2018
2020: €1.40M▲ +15.5% vs 2019
2021: €1.53M▲ +9.2% vs 2020
2022: €1.77M▲ +16.2% vs 2021
2023: €1.83M▲ +3.1% vs 2022
2024: €2.07M▲ +13.4% vs 2023highest in 8 years
2025: €2.03M▼ -2.3% vs 2024
2018 → 2025
Net result
€277k▲ 6.8%
2024 · €259k
2018: €150k
2019: €187k▲ +24.7% vs 2018
2020: €179k▼ -4.7% vs 2019
2021: €142k▼ -20.7% vs 2020
2022: €184k▲ +29.5% vs 2021
2023: €118k▼ -35.6% vs 2022lowest in 8 years
2024: €259k▲ +119% vs 2023
2025: €277k▲ +6.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€365k▼ 24.3%
2024 · €482k
2018: €173klowest in 8 years
2019: €336k▲ +94.1% vs 2018
2020: €341k▲ +1.7% vs 2019
2021: €238k▼ -30.2% vs 2020
2022: €379k▲ +59.2% vs 2021
2023: €371k▼ -2.2% vs 2022
2024: €482k▲ +30.0% vs 2023highest in 8 years
2025: €365k▼ -24.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€877k-€982k▲ 11.9%€1.02M▲ 4.0%€1.20M▲ 17.6%€1.20M=
2021: €877klowest in 5 years
2022: €982k▲ +11.9% vs 2021
2023: €1.02M▲ +4.0% vs 2022
2024: €1.20M▲ +17.6% vs 2023highest in 5 years
2025: €1.20M● 0.0% vs 2024highest in 5 years
Operating result€198k-€251k▲ 26.6%€186k▼ 26.1%€397k▲ 114%€378k▼ 4.8%
2021: €198k
2022: €251k▲ +26.6% vs 2021
2023: €186k▼ -26.1% vs 2022lowest in 5 years
2024: €397k▲ +114% vs 2023highest in 5 years
2025: €378k▼ -4.8% vs 2024
Net result€142k-€184k▲ 29.5%€118k▼ 35.6%€259k▲ 119%€277k▲ 6.8%
2021: €142k
2022: €184k▲ +29.5% vs 2021
2023: €118k▼ -35.6% vs 2022lowest in 5 years
2024: €259k▲ +119% vs 2023
2025: €277k▲ +6.8% vs 2024highest in 5 years
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 €2.03M
Fixed assets
€982k ▼ 1.1%
Current assets
€1.04M ▼ 3.3%
Equity and liabilities €2.03M
Equity
€1.20M =
Debt
€824k ▼ 5.4%
Debt's share of the balance-sheet total falls from 42.0% to 40.7%. Debt is lower.
Key figures and ratios
EBITDA
€614k▲
2024 · €603k
Cash flow
€512k▲
2024 · €465k
Current ratio
1.54▼
2024 · 1.81
Debt to equity
0.69▼
2024 · 0.72
ROE
23.0%▲
2024 · 21.6%
ROA
13.7%▲
2024 · 12.5%
Interest coverage
36.86▲
2024 · 29.17
Debt ≤ 1 year
€679k▲
2024 · €597k
Debt > 1 year
€145k▼
2024 · €274k
Income taxes
€85k▼
2024 · €118k
Staff costs
€172k▲
2024 · €160k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.07M€2.03M▼
Fixed assets21/28€993k€982k▼
Tangible fixed assets22/27€983k€970k▼
Land and buildings22€476k€449k▼
Plant, machinery and equipment23€114k€73k▼
Furniture and vehicles24€217k€337k▲
Leasing and similar rights25€175k€110k▼
Financial fixed assets28€11k€12k▲
Current assets29/58€1.08M€1.04M▼
Amounts receivable within one year40/41€281k€389k▲
Trade receivables40€276k€382k▲
Other amounts receivable41€5k€7k▲
Current investments50/53€1k€1k▲
Cash at bank and in hand54/58€780k€650k▼
Deferred charges and accrued income490/1€16k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.07M€2.03M▼
Equity10/15€1.20M€1.20M=
Contributions10/11€45k€45k=
Reserves13€1.16M€1.16M=
Distributable reserves133€1.16M€1.16M=
Amounts payable17/49€871k€824k▼
Amounts payable after more than one year17€274k€145k▼
Financial debts170/4€274k€145k▼
Amounts payable within one year42/48€597k€679k▲
Current portion of amounts payable after more than one year42€125k€128k▲
Financial debts43€3k€3k▼
Credit institutions430/8€3k€3k▼
Trade debts44€94k€101k▲
Suppliers440/4€94k€101k▲
Taxes, remuneration and social security45€149k€96k▼
Taxes450/3€130k€80k▼
Remuneration and social security454/9€19k€16k▼
Other amounts payable47/48€226k€351k▲
Income statement
Code20242025
Remuneration, social security and pensions62€160k€172k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€206k€235k▲
Other operating charges640/8€25k€44k▲
Gross operating margin9900€788k€829k▲
Operating profit (loss)9901€397k€378k▼
Financial income75/76B€214€440▲
Recurring financial income75€214€440▲
Financial charges65/66B€21k€17k▼
Recurring financial charges65€21k€17k▼
Non-recurring financial charges66B-€349
Profit (loss) for the period before taxes9903€377k€362k▼
Income taxes67/77€118k€85k▼
Profit (loss) for the period9904€259k€277k▲
Profit (loss) for the period to be appropriated9905€259k€277k▲
Appropriation of the result
Profit (loss) to be appropriated9906€259k€277k▲
Transfer from equity791/2€79k-
Transfer to equity691/2€259k-
To other reserves6921€259k-
Profit to be distributed694/7€79k€277k▲
Return on contributions (dividend)694€79k€277k▲
Social balance
Average headcount (FTE)90872.52.5=
The notes to these accounts (12 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €136k | €145k | €146k | €160k | €172k | ▲ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €114k | €125k | €182k | €206k | €235k | ▲ 14.3% |
| Other operating charges640/8 | €26k | €47k | €35k | €25k | €44k | ▲ 74.2% |
| Gross operating margin9900 | €473k | €567k | €549k | €788k | €829k | ▲ 5.2% |
| Operating profit (loss)9901 | €198k | €251k | €186k | €397k | €378k | ▼ 4.8% |
| Financial income75/76B | - | €46 | €138 | €214 | €440 | ▲ 106% |
| Recurring financial income75 | - | €46 | €138 | €214 | €440 | ▲ 106% |
| Financial charges65/66B | €10k | €12k | €21k | €21k | €17k | ▼ 17.8% |
| Recurring financial charges65 | €10k | €12k | €20k | €21k | €17k | ▼ 19.5% |
| Non-recurring financial charges66B | - | - | €850 | - | €349 | - |
| Profit (loss) for the period before taxes9903 | €188k | €239k | €165k | €377k | €362k | ▼ 4.1% |
| Income taxes67/77 | €47k | €56k | €47k | €118k | €85k | ▼ 27.9% |
| Profit (loss) for the period9904 | €142k | €184k | €118k | €259k | €277k | ▲ 6.8% |
| Profit (loss) for the period to be appropriated9905 | €142k | €184k | €118k | €259k | €277k | ▲ 6.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.53M | €1.77M | €1.83M | €2.07M | €2.03M | ▼ 2.3% |
| Fixed assets21/28 | €838k | €1.04M | €1.05M | €993k | €982k | ▼ 1.1% |
| Tangible fixed assets22/27 | €825k | €1.03M | €1.04M | €983k | €970k | ▼ 1.3% |
| Land and buildings22 | €559k | €528k | €499k | €476k | €449k | ▼ 5.7% |
| Plant, machinery and equipment23 | €230k | €179k | €139k | €114k | €73k | ▼ 36.1% |
| Furniture and vehicles24 | €25k | €16k | €163k | €217k | €337k | ▲ 55.4% |
| Leasing and similar rights25 | €10k | €305k | €240k | €175k | €110k | ▼ 37.1% |
| Financial fixed assets28 | €13k | €7k | €8k | €11k | €12k | ▲ 13.4% |
| Current assets29/58 | €688k | €737k | €779k | €1.08M | €1.04M | ▼ 3.3% |
| Amounts receivable within one year40/41 | €210k | €239k | €432k | €281k | €389k | ▲ 38.3% |
| Trade receivables40 | €202k | €230k | €425k | €276k | €382k | ▲ 38.2% |
| Other amounts receivable41 | €8k | €8k | €7k | €5k | €7k | ▲ 43.3% |
| Current investments50/53 | €800 | €1k | €1k | €1k | €1k | ▲ 31.8% |
| Cash at bank and in hand54/58 | €465k | €483k | €344k | €780k | €650k | ▼ 16.7% |
| Deferred charges and accrued income490/1 | €12k | €15k | €1k | €16k | €3k | ▼ 83.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.53M | €1.77M | €1.83M | €2.07M | €2.03M | ▼ 2.3% |
| Equity10/15 | €877k | €982k | €1.02M | €1.20M | €1.20M | = |
| Contributions10/11 | €45k | €45k | €45k | €45k | €45k | = |
| Reserves13 | €832k | €937k | €976k | €1.16M | €1.16M | = |
| Non-distributable reserves130/1 | €5k | €5k | - | - | - | - |
| Reserves not available under the articles1311 | €5k | €5k | - | - | - | - |
| Distributable reserves133 | €828k | €932k | €976k | €1.16M | €1.16M | = |
| Amounts payable17/49 | €649k | €791k | €807k | €871k | €824k | ▼ 5.4% |
| Amounts payable after more than one year17 | €199k | €433k | €399k | €274k | €145k | ▼ 46.9% |
| Financial debts170/4 | €199k | €433k | €399k | €274k | €145k | ▼ 46.9% |
| Amounts payable within one year42/48 | €449k | €358k | €408k | €597k | €679k | ▲ 13.7% |
| Current portion of amounts payable after more than one year42 | €48k | €110k | €124k | €125k | €128k | ▲ 2.5% |
| Financial debts43 | €4k | €3k | €3k | €3k | €3k | ▼ 0.3% |
| Credit institutions430/8 | €4k | €3k | €3k | €3k | €3k | ▼ 0.3% |
| Trade debts44 | €193k | €18k | €9k | €94k | €101k | ▲ 6.9% |
| Suppliers440/4 | €193k | €18k | €9k | €94k | €101k | ▲ 6.9% |
| Taxes, remuneration and social security45 | €25k | €49k | €72k | €149k | €96k | ▼ 35.5% |
| Taxes450/3 | €15k | €38k | €54k | €130k | €80k | ▼ 38.8% |
| Remuneration and social security454/9 | €10k | €11k | €18k | €19k | €16k | ▼ 12.6% |
| Other amounts payable47/48 | €179k | €178k | €201k | €226k | €351k | ▲ 55.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €142k | €184k | €118k | €259k | €277k | ▲ 6.8% |
| + Depreciation and write-downs630 | €114k | €125k | €182k | €206k | €235k | ▲ 14.3% |
| Operating cash flow (approximation) | €255k | €308k | €300k | €465k | €512k | ▲ 10.1% |
| Investment in fixed assets (approximation) | - | €-322k | €-196k | €-150k | €-224k | ▼ 49.6% |
| Change in cash | - | €17k | €-139k | €437k | €-130k | ▼ 130% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €277k ▲6.8%
Net result €277k, the highest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €118k ▼35.6%
Net result drops to €118k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1MEq €1.02M ▲4%
6 profitable years in a row build equity to €1.02M.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
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 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Peer · 1 establishment unit since 2014
Ground area
2,995 m²
Building footprint
707 m²
Parcel 72030A0896/00N003, Flanders. Linked by address, not a title deed.
1 establishment unit
Geerts
since 20142.233.196.059
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030A0896/00N003 | Flanders | 2,994 m² | 1 · 707 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
4 categoriesGeerts BV34136
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Of 8,454 companies in sector 43120 we hold annual accounts for 3,231. 1,565 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
Founded01-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
42911Civil engineering
Scores and ratios are computed by Checked and are not a credit decision.