GEESON
ActiveSummary
GEESON has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €128,154 and a net result of €473,827. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 18932 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency43▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.04 in 2023; short-term debt: 82.4% and cash: 15.1% of total assets), and 82.4% of the assets are financed with debt.
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Signals
Three 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
9 d early
2022
29 d late
2021
23 d late
2020
30 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
In the rankings
#7 company by total assets in Destelbergen, Accommodation and food service sector#7 company by equity in Destelbergen, Accommodation and food service sector
Equity
€128,154▲ 22.8%
2023 · €104,327
Total assets
€726,122▲ 0.3%
2023 · €723,628
Net result
€473,827▲ 1.4%
2023 · €467,305
Working capital
€48,893▲ 116%
2023 · €22,608
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€79,207▼ 69.3%€204,082▲ 158%€375,470▲ 84.0%€542,132▲ 44.4%€550,538▲ 1.6%
Net result€113,120▼ 45.3%€242,897▲ 115%€371,740▲ 53.0%€467,305▲ 25.7%€473,827▲ 1.4%
Equity€87,386▲ 17.7%€130,283▲ 49.1%€137,023▲ 5.2%€104,327▼ 23.9%€128,154▲ 22.8%
Total assets€296,675▼ 8.2%€452,403▲ 52.5%€578,868▲ 28.0%€723,628▲ 25.0%€726,122▲ 0.3%
Debt€209,289▼ 15.9%€322,120▲ 53.9%€441,846▲ 37.2%€619,301▲ 40.2%€597,968▼ 3.4%
Working capital€41,749▲ 144%€91,159▲ 118%€85,176▼ 6.6%€22,608▼ 73.5%€48,893▲ 116%
Staff (FTE)3.6▼ 10.0%9.2▲ 156%29.5▲ 221%23▼ 22.0%25.5▲ 10.9%
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 has risen four years in a row; 2024 is 2% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €726,122
Fixed assets
€79,261 ▼ 3.0%
Current assets
€646,861 ▲ 0.8%
Equity and liabilities €726,122
Equity
€128,154 ▲ 22.8%
Debt
€597,968 ▼ 3.4%
Debt's share of the balance-sheet total falls from 85.6% to 82.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€574,568▲
2023 · €558,131
Cash flow
€497,857▲
2023 · €483,304
Current ratio
1.08▲
2023 · 1.04
Quick ratio
1.06▲
2023 · 1.02
Debt to equity
4.67▼
2023 · 5.94
ROE
369.7%▼
2023 · 447.9%
ROA
65.3%▲
2023 · 64.6%
Interest coverage
109.22▼
2023 · 122.73
Debt ≤ 1 year
€597,968▼
2023 · €619,301
Income taxes
€80,372▲
2023 · €74,044
Staff costs
€340,409▼
2023 · €352,491
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €130,580 | €303,067 | €352,491 | €340,409 | ▼ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,087 | €14,123 | €11,718 | €15,999 | €24,030 | ▲ 50.2% |
| Other operating charges640/8 | - | €1,608 | €1,255 | €1,322 | €1,419 | ▲ 7.4% |
| Gross operating margin9900 | €184,771 | €350,393 | €691,510 | €911,944 | €916,397 | ▲ 0.5% |
| Operating profit (loss)9901 | €79,207 | €204,082 | €375,470 | €542,132 | €550,538 | ▲ 1.6% |
| Financial income75/76B | - | €42,887 | €0 | €3,808 | €8,938 | ▲ 135% |
| Recurring financial income75 | €2,562 | €3 | €0 | €2,119 | €6,823 | ▲ 222% |
| Non-recurring financial income76B | - | €42,884 | - | €1,688 | €2,115 | ▲ 25.3% |
| Financial charges65/66B | - | €3,935 | €3,591 | €4,591 | €5,277 | ▲ 14.9% |
| Recurring financial charges65 | €2,213 | €2,554 | €3,591 | €4,548 | €5,261 | ▲ 15.7% |
| Non-recurring financial charges66B | - | €1,381 | - | €43 | €16 | ▼ 62.5% |
| Profit (loss) for the period before taxes9903 | €113,256 | €243,034 | €371,880 | €541,349 | €554,199 | ▲ 2.4% |
| Income taxes67/77 | €136 | €137 | €140 | €74,044 | €80,372 | ▲ 8.5% |
| Profit (loss) for the period9904 | €113,120 | €242,897 | €371,740 | €467,305 | €473,827 | ▲ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €113,120 | €242,897 | €371,740 | €467,305 | €473,827 | ▲ 1.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €296,675 | €452,403 | €578,868 | €723,628 | €726,122 | ▲ 0.3% |
| Fixed assets21/28 | €45,637 | €39,124 | €51,846 | €81,720 | €79,261 | ▼ 3.0% |
| Intangible fixed assets21 | €1,500 | €1,000 | €500 | €25,000 | €20,000 | ▼ 20.0% |
| Tangible fixed assets22/27 | €36,017 | €30,004 | €43,226 | €55,650 | €58,191 | ▲ 4.6% |
| Plant, machinery and equipment23 | - | €28,808 | €28,136 | €23,984 | €28,363 | ▲ 18.3% |
| Furniture and vehicles24 | - | €0 | €0 | €4,836 | €9,539 | ▲ 97.3% |
| Other tangible fixed assets26 | - | €1,196 | €15,090 | €26,830 | €20,289 | ▼ 24.4% |
| Financial fixed assets28 | €8,120 | €8,120 | €8,120 | €1,070 | €1,070 | = |
| Current assets29/58 | €251,038 | €413,279 | €527,022 | €641,909 | €646,861 | ▲ 0.8% |
| Stocks and contracts in progress3 | €31,194 | €26,030 | €31,299 | €12,510 | €14,547 | ▲ 16.3% |
| Stocks30/36 | - | €26,030 | €31,299 | €12,510 | €14,547 | ▲ 16.3% |
| Amounts receivable within one year40/41 | €126,522 | €180,600 | €44,365 | €130,402 | €61,166 | ▼ 53.1% |
| Trade receivables40 | - | €160,643 | €6,057 | €13,190 | €52,461 | ▲ 298% |
| Other amounts receivable41 | - | €19,956 | €38,308 | €117,212 | €8,705 | ▼ 92.6% |
| Current investments50/53 | - | - | - | - | €450,000 | - |
| Cash at bank and in hand54/58 | €85,578 | €198,044 | €440,948 | €486,401 | €109,850 | ▼ 77.4% |
| Deferred charges and accrued income490/1 | - | €8,605 | €10,410 | €12,595 | €11,298 | ▼ 10.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €296,675 | €452,403 | €578,868 | €723,628 | €726,122 | ▲ 0.3% |
| Equity10/15 | €87,386 | €130,283 | €137,023 | €104,327 | €128,154 | ▲ 22.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €68,786 | €111,683 | €118,423 | €85,727 | €109,554 | ▲ 27.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €109,823 | €116,563 | €85,727 | €109,554 | ▲ 27.8% |
| Amounts payable17/49 | €209,289 | €322,120 | €441,846 | €619,301 | €597,968 | ▼ 3.4% |
| Amounts payable within one year42/48 | €209,289 | €322,120 | €441,846 | €619,301 | €597,968 | ▼ 3.4% |
| Financial debts43 | - | - | - | - | €71,461 | - |
| Credit institutions430/8 | - | - | - | - | €71,461 | - |
| Trade debts44 | €13,684 | €39,325 | €25,841 | €56,277 | €12,280 | ▼ 78.2% |
| Suppliers440/4 | - | €39,325 | €25,841 | €56,277 | €12,280 | ▼ 78.2% |
| Advances received on contracts in progress46 | - | €7,330 | €8,138 | €16,017 | €20,839 | ▲ 30.1% |
| Taxes, remuneration and social security45 | - | €75,465 | €42,811 | €47,319 | €43,888 | ▼ 7.3% |
| Taxes450/3 | - | €39,090 | €9,476 | €7,882 | €13,667 | ▲ 73.4% |
| Remuneration and social security454/9 | - | €36,375 | €33,335 | €39,437 | €30,221 | ▼ 23.4% |
| Other amounts payable47/48 | - | €200,000 | €365,056 | €499,688 | €449,500 | ▼ 10.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113,120 | €242,897 | €371,740 | €467,305 | €473,827 | ▲ 1.4% |
| + Depreciation and write-downs630 | €20,087 | €14,123 | €11,718 | €15,999 | €24,030 | ▲ 50.2% |
| Operating cash flow (approximation) | €133,208 | €257,019 | €383,458 | €483,304 | €497,857 | ▲ 3.0% |
| Investment in fixed assets (approximation) | - | -€7,610 | -€24,441 | -€45,873 | -€21,572 | ▲ 53.0% |
| Change in cash | - | €112,466 | €242,904 | €45,453 | -€376,552 | ▼ 928% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €473,827 ▲1.4%
Operating result €550,538, net result €473,827, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Equity above €100,000Eq €130,283 ▲49.1%
4 profitable years in a row build equity to €130,283.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €113,120 ▼45.3%
Net result drops to €113,120, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Destelbergen · 1 establishment unit since 2006
Ground area
1,409 m²
Building footprint
430 m²
Volume, LiDAR
2,231 m³
Parcel 44013B0579/00K000, Flanders · tallest building 14.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BRASSERIE REINAERT
since 20062.156.789.852
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013B0579/00K000 | Flanders | 1,409 m² | 1 · 430 m² | 14.9 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteDestelbergen2.156.789.852
Dual-learning approval
5 live approvalsKeukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Kok duaal (so)
Restaurant en keuken duaal (so)
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KERKENHOEK
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 9,278 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
Founded09-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.