GEO-Project
ActiveSummary
The computed 12-month bankruptcy probability of GEO-Project is 3.1% (moderate). The 2025 annual accounts show negative equity (-€78,525) and a net result of -€352,977. Its solvency ranks better than 7% of 9,590 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 5.6 FTE
- Equity
- -€78,525
- Loss
- -€352,977
- Parent
- Summit Group · 80%
- Board
- 4 members
Why 50raises riskNegative equity -€78,525Loss of €352,977, the second in a row (financial year 2025)Sector: Specialised construction activities (NACE 43)lowers riskFounded in 2023Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 8% on solvency, 16% on liquidity, 11% on profitability and 88% on growth.
The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 65 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Appointment: MooreAuditBV (statutory auditor)Permanent representatives: KevinGevels and StijnVanHout
- Annual accounts filedfinancial year 2025 · abbreviated…
- Capital & shares · Amendment of…Capital increase · Capital ·…
Financials · financial year 2025, abbreviated format
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €225,951 in 2025 against €236,323 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2025 Equity +77% on 2024. Capital increase of €613,750 (Official Gazette 28-10-2025).
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €572,597 | €421,369 | ▼ 26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €268,916 | €339,047 | ▲ 26.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €10,167 | - |
| Other operating charges640/8 | €64,556 | €16,262 | ▼ 74.8% |
| Gross operating margin9900 | €669,746 | €560,893 | ▼ 16.3% |
| Operating profit (loss)9901 | -€236,323 | -€225,951 | ▲ 4.4% |
| Financial income75/76B | €1,914 | €348 | ▼ 81.8% |
| Recurring financial income75 | €1,914 | €348 | ▼ 81.8% |
| Financial charges65/66B | €114,889 | €127,374 | ▲ 10.9% |
| Recurring financial charges65 | €114,889 | €127,374 | ▲ 10.9% |
| Profit (loss) for the period before taxes9903 | -€349,298 | -€352,977 | ▼ 1.1% |
| Profit (loss) for the period9904 | -€349,298 | -€352,977 | ▼ 1.1% |
| Profit (loss) for the period to be appropriated9905 | -€349,298 | -€352,977 | ▼ 1.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2.9m | €2.3m | ▼ 22.8% |
| Fixed assets21/28 | €1.8m | €1.5m | ▼ 18.8% |
| Intangible fixed assets21 | €0.3m | €0.3m | ▼ 11.4% |
| Tangible fixed assets22/27 | €1.5m | €1.2m | ▼ 20.3% |
| Plant, machinery and equipment23 | €0.5m | €0.4m | ▼ 20.2% |
| Furniture and vehicles24 | €0.3m | €0.2m | ▼ 34.3% |
| Leasing and similar rights25 | €0.8m | €0.7m | ▼ 15.9% |
| Other tangible fixed assets26 | €0.005m | €0.003m | ▼ 25.0% |
| Financial fixed assets28 | €0.009m | €0.009m | ▲ 1.6% |
| Current assets29/58 | €1.1m | €0.8m | ▼ 29.5% |
| Stocks and contracts in progress3 | €0.1m | €0.2m | ▲ 12.0% |
| Stocks30/36 | €0.1m | €0.2m | ▲ 12.0% |
| Amounts receivable within one year40/41 | €0.8m | €0.5m | ▼ 41.2% |
| Trade receivables40 | €0.7m | €0.4m | ▼ 48.9% |
| Other amounts receivable41 | €0.06m | €0.09m | ▲ 59.6% |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | ▲ 7.0% |
| Deferred charges and accrued income490/1 | €0.05m | €0.02m | ▼ 67.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2.9m | €2.3m | ▼ 22.8% |
| Equity10/15 | -€0.3m | -€0.08m | ▲ 76.9% |
| Contributions10/11 | €0.01m | €0.6m | ▲ 6,138% |
| Profit (loss) carried forward14 | -€0.3m | -€0.7m | ▼ 101% |
| Amounts payable17/49 | €3.3m | €2.3m | ▼ 28.4% |
| Amounts payable after more than one year17 | €1.9m | €0.8m | ▼ 58.4% |
| Financial debts170/4 | €1.9m | €0.8m | ▼ 58.4% |
| Amounts payable within one year42/48 | €1.4m | €1.4m | ▼ 0.3% |
| Current portion of amounts payable after more than one year42 | €0.2m | €0.2m | ▲ 4.2% |
| Financial debts43 | €0.4m | €0 | ▼ 100% |
| Credit institutions430/8 | €0.4m | €0 | ▼ 100% |
| Trade debts44 | €0.5m | €0.2m | ▼ 56.7% |
| Suppliers440/4 | €0.5m | €0.2m | ▼ 56.7% |
| Taxes, remuneration and social security45 | €0.05m | €0.01m | ▼ 71.1% |
| Taxes450/3 | €0.007m | €0.005m | ▼ 34.5% |
| Remuneration and social security454/9 | €0.04m | €0.01m | ▼ 76.9% |
| Other amounts payable47/48 | €0.2m | €0.9m | ▲ 493% |
| Accrued charges and deferred income492/3 | €0.006m | €0.2m | ▲ 3,135% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€349,298 | -€352,977 | ▼ 1.1% |
| + Depreciation and write-downs630 | €268,916 | €339,047 | ▲ 26.1% |
| Operating cash flow (approximation) | -€80,382 | -€13,931 | ▲ 82.7% |
| Investment in fixed assets (approximation) | - | €6,173 | - |
| Change in cash | - | €9,919 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00221355 |
| 31-12-2024 | abbreviated format | 24-04-2025 | 2025-00078398 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €2,529 awarded · €2,496 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €503 | €470 |
| 2024 | 1 | €2,026 | €2,026 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 4
Permanent representatives 4
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| BEYOND |
|
| David Beulens |
|
| RobbeLinks |
|
| Summit Group |
|
| Moore Audit |
|
| Védévé Invest |
|
Owners and capital
Owners
1 ownerChain of control
- Summit Group
- GEO-Project
Highest known parent: Summit Group. The sources do not say who stands above it.
Owners 1
- Summit Groupparent80%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 28-10-2025 Capital increase of €613,750 · 4,091 new shares · in cash
Group and network
Connections & network
5 connected companiesShow 1 more companies with a shared director
History
Acts, filings and financial milestones
03-07
Gazette deed
Appointment: MooreAuditBV (statutory auditor)Permanent representatives: KevinGevels and StijnVanHout4 facts ▸
- General meeting, 09-06-2026
- Auditor appointment, MooreAuditBV (statutory auditor)
- Permanent representative, KevinGevels (vastevertegenwoordiger)
- Permanent representative, StijnVanHout (vastevertegenwoordiger)
28-10
Gazette deed
Capital & shares · Amendment of the articlesCapital increase · Capital · Power of attorney11 facts ▸
- General meeting, 16-10-2025
- Other provision, “verzaking opstellen uitgifteverslaggeving, EERSTE BESLISSING” (deed in Dutch)
- Capital increase, €613,750
- Other provision, “afstand van voorkeurrecht, DERDE BESLISSING” (deed in Dutch)
- Other provision, “inschrijving en storting op nieuwe aandelen, VIERDE BESLISSING” (deed in Dutch)
- Other provision, “per aandeel waarop werd ingeschreven, storting op ingeschreven aandelen” (deed in Dutch)
- Other provision, “vaststelling verwezenlijking bijkomende inbreng, VIJFDE BESLISSING” (deed in Dutch)
- Amendment of the articles
- Capital
- Power of attorney
- Power of attorney, Tim CARNEWAL
20-10
Gazette deed
Resignations: VEDEVE INVEST NV (director) and David Beulens BV (director)Permanent representatives: Van de Velde Johan, David Beulens and 3 others · Appointments: Summit Group BV, Beyond BV and 2 others12 facts ▸
- General meeting, 08-10-2025
- Director resignation, VEDEVE INVEST NV (director)
- Director resignation, David Beulens BV (director)
- Permanent representative, Van de Velde Johan
- Permanent representative, David Beulens
- Permanent representative, Alain Bolssens
- Permanent representative, Wiet Vande Velde
- Permanent representative, Lucas Robberechts
- Director appointment, Summit Group BV (director)
- Director appointment, Beyond BV (director)
- Director appointment, Robbelinks BV (director)
- Director appointment, David Beulens BV (director)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 3 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 12 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0804.635.982
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23053B0229/00T000 | Flanders | 6,721 m² | 1 · 1,453 m² | 8.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitvoeren van putboringen en geothermische boringen,alsook het boren en aanleggen van waterputten en alle daarmee aanverwante…” (deed in Dutch)
13 activities (deed in Dutch)
- Het uitvoeren van putboringen en geothermische boringen,alsook het boren en aanleggen van waterputten en alle daarmee aanverwante activiteiten in de ruimste zin van het woord;
- Proefboren en het nemen van bodemmonsters ten behoeve van de bouw of voor geofysische,geologische of andere doeleinden;
- Uitvoeren van horizontale boringen voor het leggen van kabels en kanalisaties;
- De ontwikkeling,de commercialisatie en de realisatie van duurzame energieopwekking in alle mogelijke vormen en op gelijk welke wijze,alsmede alle activiteiten welke daarmee rechtstreeks of onrechtstreeks verband houden;
- Grondverzet:graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven en geulen,…;
- Advies- en/of dienstverlening aan bedrijven,privépersonen en instellingen in de ruimste zin van het woord,voornamelijk doch niet uitsluitend op het vlak van,management,marketing,productie en ontwikkeling,processing en het besturen van vennootschappen,dit alles in de meest ruime betekenis;
- Het geven van advies inzake de organisatie en het beheer van ondernemingen;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;
- Alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling,en in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten,met inbegrip van het geheel of gedeeltelijk ter beschikking stellen,al dan niet tegen betaling,van een onroerend goed aan haar bestuurders,bedrijfsleiders en werknemers in het kader van een verloningspolitiek;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;
- Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van aandelen,deelbewijzen,obligaties,inschrijvingsrechten,certificaten,schuldvorderingen,gelden en andere roerende waarden,uitgegeven door Belgische of buitenlandse ondernemingen al dan niet onder de vorm van vennootschappen,administratiekantoren,instellingen en verenigingen al dan niet met een (semi-)publiekrechtelijk statuut;
- Het beheren van beleggingen en van participaties in dochtervennootschappen,het waarnemen van bestuurdersfuncties,directie,controle of vereffening,het verlenen van advies,management en andere diensten.Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan;
- Het verstrekken van leningen en voorschotten onder eender welke vorm of duur,aan al dan niet verbonden ondernemingen,alsmede het waarborgen van verbintenissen van derden.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GEO-Project
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)“Alle handelingen nodig of dienstig tot verwezenlijking van het voorwerp,behalve wet of statuten aan algemene vergadering voorbehouden…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITEL V. ALGEMENE VERGADERING Artikel 15. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)