GEO SQUARE
ActiveSummary
GEO SQUARE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.94M and a net result of €5.07M. Equity is growing by ~32.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+24
Solvency71▲+18
Growth61▲+18
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.76 in 2024; short-term debt: 29.3% and cash: 7.3% of total assets), and 54.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
45.8%
Return on assets
23.4%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
36 d early
2023
40 d early
2022
20 d early
2021
26 d late
2020
19 d late
2019
17 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, full schema
Turnover
€2.40M▲ 4.5%
2024 · €2.30M
2018: €2.67M
2019: €2.75M▲ +3.1% vs 2018
2020: €2.79M▲ +1.5% vs 2019
2021: €2.94M▲ +5.1% vs 2020highest in 8 years
2022: €2.77M▼ -5.7% vs 2021
2023: €2.50M▼ -9.6% vs 2022
2024: €2.30M▼ -8.2% vs 2023lowest in 8 years
2025: €2.40M▲ +4.5% vs 2024
2018 → 2025
EBIT margin
20.7%▼ 1.6pp
2024 · 22.3%
2018: 9.1%
2019: 15.3%▲ +67.6% vs 2018
2020: 16.5%▲ +8.0% vs 2019
2021: -11.2%▼ -168% vs 2020lowest in 8 years
2022: 5.2%▲ +146% vs 2021
2023: 2.9%▼ -44.0% vs 2022
2024: 22.3%▲ +665% vs 2023highest in 8 years
2025: 20.7%▼ -7.2% vs 2024
2018 → 2025
Net result
€5.07M▲ 1,831%
2024 · €263k
2018: €297k
2019: €582k▲ +95.6% vs 2018
2020: €935k▲ +60.8% vs 2019
2021: €20.74M▲ +2117% vs 2020highest in 8 years
2022: €35k▼ -99.8% vs 2021
2023: €13k▼ -62.8% vs 2022lowest in 8 years
2024: €263k▲ +1896% vs 2023
2025: €5.07M▲ +1831% vs 2024
2018 → 2025
Working capital
€-364k▲ 87.2%
2024 · €-2.84M
2018: €-853k
2019: €-521k▲ +38.9% vs 2018
2020: €1.39M▲ +367% vs 2019highest in 8 years
2021: €-1.03M▼ -174% vs 2020
2022: €-1.77M▼ -72.0% vs 2021
2023: €-2.30M▼ -30.3% vs 2022
2024: €-2.84M▼ -23.1% vs 2023lowest in 8 years
2025: €-364k▲ +87.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.94M-€2.77M▼ 5.7%€2.50M▼ 9.6%€2.30M▼ 8.2%€2.40M▲ 4.5%
2021: €2.94Mhighest in 5 years
2022: €2.77M▼ -5.7% vs 2021
2023: €2.50M▼ -9.6% vs 2022
2024: €2.30M▼ -8.2% vs 2023lowest in 5 years
2025: €2.40M▲ +4.5% vs 2024
Equity€9.56M-€9.59M▲ 0.4%€6.60M▼ 31.1%€6.87M▲ 4.0%€9.94M▲ 44.8%
2021: €9.56M
2022: €9.59M▲ +0.4% vs 2021
2023: €6.60M▼ -31.1% vs 2022lowest in 5 years
2024: €6.87M▲ +4.0% vs 2023
2025: €9.94M▲ +44.8% vs 2024highest in 5 years
Operating result€-330k-€144k€73k▼ 49.3%€513k▲ 602%€497k▼ 3.0%
2021: €-330klowest in 5 years
2022: €144k▲ +144% vs 2021
2023: €73k▼ -49.3% vs 2022
2024: €513k▲ +602% vs 2023highest in 5 years
2025: €497k▼ -3.0% vs 2024
Net result€20.74M-€35k▼ 99.8%€13k▼ 62.8%€263k▲ 1,896%€5.07M▲ 1,831%
2021: €20.74Mhighest in 5 years
2022: €35k▼ -99.8% vs 2021
2023: €13k▼ -62.8% vs 2022lowest in 5 years
2024: €263k▲ +1896% vs 2023
2025: €5.07M▲ +1831% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.71M
Fixed assets
€15.72M ▼ 1.5%
Current assets
€5.99M ▼ 33.2%
Equity and liabilities €21.71M
Equity
€9.94M ▲ 44.8%
Provisions
€105 ▼ 66.5%
Debt
€11.77M ▼ 34.8%
Debt's share of the balance-sheet total falls from 72.5% to 54.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€524k▼
2024 · €556k
Cash flow
€5.10M▲
2024 · €306k
Current ratio
0.94▲
2024 · 0.76
Debt to equity
1.18▼
2024 · 2.63
ROE
51.0%▲
2024 · 3.8%
ROA
23.4%▲
2024 · 1.1%
Interest coverage
2.22▲
2024 · 1.26
Debt ≤ 1 year
€6.36M▼
2024 · €11.80M
Debt > 1 year
€5.25M▼
2024 · €6.05M
Income taxes
€71k▲
2024 · €32k
Staff costs
€592k▲
2024 · €489k
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 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24.93M€21.71M▼
Fixed assets21/28€15.96M€15.72M▼
Tangible fixed assets22/27€108k€109k▲
Plant, machinery and equipment23€23k€18k▼
Furniture and vehicles24€1k€15k▲
Other tangible fixed assets26€84k€76k▼
Financial fixed assets28€15.85M€15.61M▼
Current assets29/58€8.97M€5.99M▼
Amounts receivable within one year40/41€4.34M€4.20M▼
Trade receivables40€985k€1.03M▲
Other amounts receivable41€3.36M€3.17M▼
Cash at bank and in hand54/58€4.35M€1.59M▼
Deferred charges and accrued income490/1€274k€208k▼
Equity and liabilities
Total equity and liabilities10/49€24.93M€21.71M▼
Equity10/15€6.87M€9.94M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6.80M€9.88M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€6.80M€9.87M▲
Profit (loss) carried forward14€144€86▼
Provisions and deferred taxes16€312€105▼
Provisions for liabilities and charges160/5€312€105▼
Pensions and similar obligations160€312€105▼
Amounts payable17/49€18.06M€11.77M▼
Amounts payable after more than one year17€6.05M€5.25M▼
Financial debts170/4€6.05M€5.25M▼
Amounts payable within one year42/48€11.80M€6.36M▼
Current portion of amounts payable after more than one year42€675k€675k=
Trade debts44€740k€354k▼
Suppliers440/4€740k€354k▼
Taxes, remuneration and social security45€78k€93k▲
Taxes450/3€38k€44k▲
Remuneration and social security454/9€40k€48k▲
Other amounts payable47/48€10.31M€5.24M▼
Accrued charges and deferred income492/3€201k€161k▼
Income statement
Code20242025
Turnover70€2.30M€2.40M▲
Non-recurring operating income76A-€59k
Goods, raw materials, services and sundry goods60/61€2.68M€2.52M▼
Remuneration, social security and pensions62€489k€592k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€27k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-97€-208▼
Other operating charges640/8€192k€220k▲
Gross operating margin9900€1.24M€1.34M▲
Operating profit (loss)9901€513k€497k▼
Financial income75/76B€225k€4.88M▲
Recurring financial income75€225k€4.88M▲
Financial charges65/66B€442k€236k▼
Recurring financial charges65€442k€236k▼
Profit (loss) for the period before taxes9903€295k€5.15M▲
Income taxes67/77€32k€71k▲
Profit (loss) for the period9904€263k€5.07M▲
Profit (loss) for the period to be appropriated9905€263k€5.07M▲
Appropriation of the result
Profit (loss) to be appropriated9906€263k€5.07M▲
Profit (loss) brought forward from the previous period14P€140€144▲
Transfer from equity791/2€0€2.00M▲
Transfer to equity691/2€263k€5.07M▲
To other reserves6921€263k€5.07M▲
Profit to be distributed694/7€0€2.00M▲
Return on contributions (dividend)694€0€2.00M▲
Social balance
Average headcount (FTE)90875.75.5▼
The notes to these accounts (25 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €3.38M | €3.68M | - | - | - | - |
| Turnover70 | €2.94M | €2.77M | €2.50M | €2.30M | €2.40M | ▲ 4.5% |
| Other operating income74 | €443k | €909k | - | - | - | - |
| Non-recurring operating income76A | €38 | - | - | - | €59k | - |
| Operating charges60/66A | €3.71M | €3.53M | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €2.65M | €2.68M | €2.52M | ▼ 5.8% |
| Goods for resale, raw materials and consumables60 | €966k | €799k | - | - | - | - |
| Purchases600/8 | €966k | €799k | - | - | - | - |
| Services and other goods61 | €2.01M | €2.03M | - | - | - | - |
| Remuneration, social security and pensions62 | €275k | €326k | €408k | €489k | €592k | ▲ 21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €55k | €52k | €43k | €27k | ▼ 37.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €2k | - | €-1k | €-97 | €-208 | ▼ 113% |
| Other operating charges640/8 | €428k | €321k | €296k | €192k | €220k | ▲ 14.4% |
| Gross operating margin9900 | - | - | €828k | €1.24M | €1.34M | ▲ 8.0% |
| Operating profit (loss)9901 | €-330k | €144k | €73k | €513k | €497k | ▼ 3.0% |
| Financial income75/76B | €21.15M | €115k | €113k | €225k | €4.88M | ▲ 2,075% |
| Recurring financial income75 | €475k | €115k | €113k | €225k | €4.88M | ▲ 2,075% |
| Income from financial fixed assets750 | €295k | - | - | - | - | - |
| Income from current assets751 | €178k | €115k | - | - | - | - |
| Other financial income752/9 | €2k | - | - | - | - | - |
| Non-recurring financial income76B | €20.68M | - | - | - | - | - |
| Financial charges65/66B | €84k | €206k | €175k | €442k | €236k | ▼ 46.5% |
| Recurring financial charges65 | €84k | €206k | €175k | €442k | €236k | ▼ 46.5% |
| Debt charges650 | €78k | €195k | - | - | - | - |
| Other financial charges652/9 | €6k | €11k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €20.74M | €53k | €11k | €295k | €5.15M | ▲ 1,645% |
| Income taxes67/77 | €307 | €18k | €-2k | €32k | €71k | ▲ 121% |
| Taxes670/3 | €734 | €18k | - | - | - | - |
| Tax adjustments and reversals of tax provisions77 | €427 | - | - | - | - | - |
| Profit (loss) for the period9904 | €20.74M | €35k | €13k | €263k | €5.07M | ▲ 1,831% |
| Profit (loss) for the period to be appropriated9905 | €20.74M | €35k | €13k | €263k | €5.07M | ▲ 1,831% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21.15M | €21.12M | €19.71M | €24.93M | €21.71M | ▼ 12.9% |
| Fixed assets21/28 | €17.35M | €17.56M | €13.46M | €15.96M | €15.72M | ▼ 1.5% |
| Tangible fixed assets22/27 | €147k | €99k | €52k | €108k | €109k | ▲ 1.3% |
| Plant, machinery and equipment23 | €131k | €90k | €45k | €23k | €18k | ▼ 20.8% |
| Furniture and vehicles24 | €4k | €5k | €3k | €1k | €15k | ▲ 1,164% |
| Other tangible fixed assets26 | €12k | €4k | €4k | €84k | €76k | ▼ 8.9% |
| Financial fixed assets28 | €17.21M | €17.46M | €13.41M | €15.85M | €15.61M | ▼ 1.5% |
| Affiliated companies280/1 | €17.17M | €17.45M | - | - | - | - |
| Participating interests280 | €12.75M | €12.75M | - | - | - | - |
| Amounts receivable281 | €4.42M | €4.70M | - | - | - | - |
| Other financial fixed assets284/8 | €32k | €7k | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €32k | €7k | - | - | - | - |
| Current assets29/58 | €3.80M | €3.56M | €6.25M | €8.97M | €5.99M | ▼ 33.2% |
| Amounts receivable within one year40/41 | €2.63M | €3.18M | €3.08M | €4.34M | €4.20M | ▼ 3.2% |
| Trade receivables40 | €1.16M | €1.05M | €503k | €985k | €1.03M | ▲ 4.8% |
| Other amounts receivable41 | €1.47M | €2.13M | €2.58M | €3.36M | €3.17M | ▼ 5.6% |
| Cash at bank and in hand54/58 | €699k | €201k | €3.03M | €4.35M | €1.59M | ▼ 63.6% |
| Deferred charges and accrued income490/1 | €466k | €173k | €137k | €274k | €208k | ▼ 23.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21.15M | €21.12M | €19.71M | €24.93M | €21.71M | ▼ 12.9% |
| Equity10/15 | €9.56M | €9.59M | €6.60M | €6.87M | €9.94M | ▲ 44.8% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €9.49M | €9.53M | €6.54M | €6.80M | €9.88M | ▲ 45.2% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €9.49M | €9.52M | €6.54M | €6.80M | €9.87M | ▲ 45.2% |
| Profit (loss) carried forward14 | €538 | €177 | €140 | €144 | €86 | ▼ 40.6% |
| Provisions and deferred taxes16 | €2k | €2k | €409 | €312 | €105 | ▼ 66.5% |
| Provisions for liabilities and charges160/5 | €2k | €2k | €409 | €312 | €105 | ▼ 66.5% |
| Pensions and similar obligations160 | €2k | €2k | €409 | €312 | €105 | ▼ 66.5% |
| Amounts payable17/49 | €11.60M | €11.52M | €13.10M | €18.06M | €11.77M | ▼ 34.8% |
| Amounts payable after more than one year17 | €6.48M | €6.02M | €4.41M | €6.05M | €5.25M | ▼ 13.3% |
| Financial debts170/4 | €6.48M | €6.02M | €4.41M | €6.05M | €5.25M | ▼ 13.3% |
| Credit institutions173 | €5.27M | €4.78M | - | - | - | - |
| Other loans174 | €1.22M | €1.25M | - | - | - | - |
| Amounts payable within one year42/48 | €4.83M | €5.32M | €8.55M | €11.80M | €6.36M | ▼ 46.1% |
| Current portion of amounts payable after more than one year42 | €490k | €490k | €490k | €675k | €675k | = |
| Trade debts44 | €1.47M | €1.64M | €1.53M | €740k | €354k | ▼ 52.2% |
| Suppliers440/4 | €1.47M | €1.64M | €1.53M | €740k | €354k | ▼ 52.2% |
| Taxes, remuneration and social security45 | €112k | €39k | €40k | €78k | €93k | ▲ 18.8% |
| Taxes450/3 | €86k | €1k | €783 | €38k | €44k | ▲ 17.5% |
| Remuneration and social security454/9 | €26k | €38k | €39k | €40k | €48k | ▲ 19.9% |
| Other amounts payable47/48 | €2.76M | €3.15M | €6.49M | €10.31M | €5.24M | ▼ 49.2% |
| Accrued charges and deferred income492/3 | €287k | €176k | €137k | €201k | €161k | ▼ 19.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20.74M | €35k | €13k | €263k | €5.07M | ▲ 1,831% |
| + Depreciation and write-downs630 | €26k | €55k | €52k | €43k | €27k | ▼ 37.3% |
| Operating cash flow (approximation) | €20.77M | €90k | €65k | €306k | €5.10M | ▲ 1,567% |
| Investment in fixed assets (approximation) | - | €-260k | €4.05M | €-2.55M | €215k | ▲ 108% |
| Change in cash | - | €-497k | €2.83M | €1.32M | €-2.77M | ▼ 310% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €13k ▼62.8%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
12-05
State Gazette act
Merger · Capital
Corporate purpose · Accounting effect
12-05
State Gazette act
Merger · Capital
Corporate purpose · Capital increase
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €20.74M ▲2,117%
Net result €20.74M, the highest in the series.
31-12
Financial
Equity above €5MEq €9.56M ▲239%
4 profitable years in a row build equity to €9.56M.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 2.35
Current ratio from 0.74 to 2.35; short-term debt falls from €2.00M to €1.03M.
Show earlier events
31-12
Financial
Equity above €2MEq €2.82M ▲49.7%
3 profitable years in a row build equity to €2.82M.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2007
30-04
State Gazette act
Incorporation · Founding capital
Corporate purpose · First fiscal year
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Edegem · 1 establishment unit since 2004
Ground area
1.5 ha
Building footprint
2,155 m²
Volume, LiDAR
22,288 m³
Parcel 11472C0420/00G000, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
Geo Solutions
since 20042.137.464.383
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472C0420/00G000 | Flanders | 1.5 ha | 1 · 2,155 m² | 15.3 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,313 EUR awarded · 2,213 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 503 EUR | 503 EUR |
| 2024 | 1 | 810 EUR | 1,710 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
9845004C0FXRA097BB93
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 935 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.