GEO@Turnhout
ActiveThe annual accounts of GEO@Turnhout for fiscal year 2025 show a net loss of 411% of total assets and of 84% of the equity at the start of that year. The 2025 annual accounts show equity of €8k and a net result of €-41k. Its solvency ranks better than 88% of 269 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32
Track record82
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 5.05 against 8.1 in 2024; short-term debt: 19.8% and cash: 3.9% of total assets), and 19.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.2%
Return on assets
-410.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2425
2024 to 2025 · latest year €-41k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 2 filingsDeviation from the deadline
2025
25 d late
2024
27 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-41k▼ 240%
2024 · €-12k
2024: €-12k
2024 → 2025
Working capital
€8k▼ 83.7%
2024 · €49k
2024: €49k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€49k-€8k▼ 83.7%
Operating result€-12k-€-41k▼ 248%
Net result€-12k-€-41k▼ 240%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €41k in 2025 against €12k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €10k
Equity
€8k▼ 83.7%
Debt
€2k▼ 71.3%
The debt ratio rises from 12.4% to 19.8%. Equity and debt are lower.
Key figures and ratios
Solvency
80.2%▼
2024 · 87.6%
Current ratio
5.05▼
2024 · 8.10
Quick ratio
5.05▼
2024 · 8.10
Debt / equity
0.25▲
2024 · 0.14
ROE
-512.1%▼
2024 · -24.6%
ROA
-410.6%▼
2024 · -21.6%
Debt
€2k▼
2024 · €7k
Debt ≤ 1 year
€2k▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€56k€10k▼
Current assets29/58€56k€10k▼
Amounts receivable within one year40/41-€10k
Other amounts receivable41-€10k
Cash at bank and in hand54/58€56k€394▼
Equity and liabilities
Total equity and liabilities10/49€56k€10k▼
Equity10/15€49k€8k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-12k€-53k▼
Amounts payable17/49€7k€2k▼
Amounts payable within one year42/48€7k€2k▼
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Income statement
Code20242025
Other operating charges640/8€387€520▲
Gross operating margin9900€-11k€-41k▼
Operating profit (loss)9901€-12k€-41k▼
Financial charges65/66B€310€53▼
Recurring financial charges65€310€53▼
Profit (loss) for the period before taxes9903€-12k€-41k▼
Profit (loss) for the period9904€-12k€-41k▼
Profit (loss) for the period to be appropriated9905€-12k€-41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-53k▼
Profit (loss) brought forward from the previous period14P-€-12k
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
NBB filing
Directors · office · real estate
Directors
2 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, Geel · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kleinhoefstraat 52440 GeelGround area
1.1 ha
Building footprint
3,240 m²
Volume, LiDAR
14,359 m³
Parcel 13376G0389/00P000, Flanders · tallest building 5.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GEO@Turnhout
since 20242.364.722.517
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13376G0389/00P000 | Flanders | 1.1 ha | 1 · 3,240 m² | 5.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AIM SLR
BE 0803.633.914
Gent · Eq €10k
CIRCIOS
BE 0768.245.443
Sint-Joost-ten-Node · Eq €10k
energiegemeenschap van burgers uni BE 2
BE 1021.999.522
Meise · Eq €5k
RIGENEE SOLAR PLANT
BE 0797.518.558
Villers-la-Ville · Eq €21k
FLANDERS OFFSHORE RACING
BE 0881.037.736
Brugge · Eq €25k
Of 150 companies in sector 35120 we hold annual accounts for 80. 17 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-09-2024
Fiscal year end31-12
Activities, NACEBEL
35120Electricity, gas, steam and air conditioning supply
35300Electricity, gas, steam and air conditioning supply
43130Specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.