GEO2W
ActiveSummary
GEO2W has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €293,249 and a net result of -€39,057. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 60% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-65
Solvency89▼-7
Growth54▼-17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 3.08 against 6.7 in 2024; short-term debt: 18.3% and cash: 49.8% of total assets), and 36.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
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
63.9%
Return on assets
-8.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
7 d early
2023
51 d early
2022
48 d early
2021
28 d early
2020
48 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 22 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€186,988▲ 36.8%
2022 · €136,672
EBIT margin
40.0%▼ 1.2pp
2022 · 41.3%
Net result
-€39,057
2024 · €18,439
Working capital
€174,381▼ 28.1%
2024 · €242,699
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€151,172▲ 26.0%€136,672▼ 9.6%€186,988▲ 36.8%
Operating result€89,306▲ 50.2%€56,431▼ 36.8%€74,885▲ 32.7%€31,390▼ 58.1%-€38,719
Net result€61,712above the sector's middle half▲ 64.3%€35,932within the sector's middle half▼ 41.8%€47,951above the sector's middle half▲ 33.4%€18,439within the sector's middle half▼ 61.5%-€39,057below the sector's middle half
EBIT margin59.1%▲ 9.5pp41.3%▼ 17.8pp40.0%▼ 1.2pp
Equity€279,309above the sector's middle half▲ 27.8%€314,270above the sector's middle half▲ 12.5%€361,251above the sector's middle half▲ 14.9%€378,719above the sector's middle half▲ 4.8%€293,249above the sector's middle half▼ 22.6%
Total assets€476,651above the sector's middle half▲ 18.9%€480,366above the sector's middle half▲ 0.8%€574,437above the sector's middle half▲ 19.6%€529,908above the sector's middle half▼ 7.8%€459,041above the sector's middle half▼ 13.4%
Debt€197,342▲ 8.3%€166,096▼ 15.8%€213,186▲ 28.4%€151,189▼ 29.1%€165,792▲ 9.7%
Working capital€170,592above the sector's middle half▲ 27.7%€211,840above the sector's middle half▲ 24.2%€258,084above the sector's middle half▲ 21.8%€242,699above the sector's middle half▼ 6.0%€174,381above the sector's middle half▼ 28.1%
Solvency58.6%within the sector's middle half▲ 4.1pp65.4%within the sector's middle half▲ 6.8pp62.9%within the sector's middle half▼ 2.5pp71.5%within the sector's middle half▲ 8.6pp63.9%within the sector's middle half▼ 7.6pp
Current ratio4.26above the sector's middle half▲ 0.216.30above the sector's middle half▲ 2.045.20above the sector's middle half▼ 1.106.70above the sector's middle half▲ 1.503.08within the sector's middle half▼ 3.62
Return on assets (ROA)12.9%within the sector's middle half▲ 3.6pp7.5%within the sector's middle half▼ 5.5pp8.3%within the sector's middle half▲ 0.9pp3.5%within the sector's middle half▼ 4.9pp-8.5%below the sector's middle half▼ 12.0pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €38,719 after €31,390 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €459,041
Fixed assets
€200,753 ▼ 17.9%
Current assets
€258,288 ▼ 9.5%
Equity and liabilities €459,041
Equity
€293,249 ▼ 22.6%
Debt
€165,792 ▲ 9.7%
Debt's share of the balance-sheet total rises from 28.5% to 36.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€14,398▼
2024 · €62,381
Cash flow
-€14,736▼
2024 · €49,429
Debt to equity
0.57▲
2024 · 0.40
ROE
-13.3%▼
2024 · 4.9%
Interest coverage
-5.60▼
2024 · 19.40
Debt ≤ 1 year
€83,907▲
2024 · €42,558
Debt > 1 year
€81,886▼
2024 · €104,230
Income taxes
-€459▼
2024 · €9,700
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,688 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,688 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €151,172 | €136,672 | €186,988 | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €2,036 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €53,108 | €76,930 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1,799 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,509 | €25,215 | €29,144 | €30,990 | €24,321 | ▼ 21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€1,036 | - | - | - | - |
| Other operating charges640/8 | - | €2,928 | €6,000 | €2,703 | €8,151 | ▲ 202% |
| Non-recurring operating charges66A | - | €25 | - | - | - | - |
| Gross operating margin9900 | €113,524 | €83,564 | €110,028 | €66,883 | -€6,247 | ▼ 109% |
| Operating profit (loss)9901 | €89,306 | €56,431 | €74,885 | €31,390 | -€38,719 | ▼ 223% |
| Financial income75/76B | - | €1 | €3 | €27 | €1,837 | ▲ 6,703% |
| Recurring financial income75 | - | €1 | €3 | €27 | €1,837 | ▲ 6,703% |
| Financial charges65/66B | - | €3,035 | €3,202 | €3,278 | €2,634 | ▼ 19.7% |
| Recurring financial charges65 | €4,832 | €3,035 | €3,202 | €3,215 | €2,570 | ▼ 20.1% |
| Non-recurring financial charges66B | - | - | - | €63 | €64 | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | €84,474 | €53,397 | €71,685 | €28,139 | -€39,516 | ▼ 240% |
| Income taxes67/77 | €22,761 | €17,465 | €23,734 | €9,700 | -€459 | ▼ 105% |
| Profit (loss) for the period9904 | €61,712 | €35,932 | €47,951 | €18,439 | -€39,057 | ▼ 312% |
| Profit (loss) for the period to be appropriated9905 | €61,712 | €35,932 | €47,951 | €18,439 | -€39,057 | ▼ 312% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €476,651 | €480,366 | €574,437 | €529,908 | €459,041 | ▼ 13.4% |
| Fixed assets21/28 | €253,744 | €228,529 | €254,914 | €244,651 | €200,753 | ▼ 17.9% |
| Tangible fixed assets22/27 | €253,744 | €228,529 | €254,914 | €244,651 | €200,753 | ▼ 17.9% |
| Land and buildings22 | - | €193,078 | €186,283 | €179,489 | €172,694 | ▼ 3.8% |
| Plant, machinery and equipment23 | - | €31,561 | €17,073 | €5,490 | - | - |
| Furniture and vehicles24 | - | €3,544 | €51,385 | €40,207 | €28,059 | ▼ 30.2% |
| Other tangible fixed assets26 | - | €346 | €173 | €19,465 | - | - |
| Current assets29/58 | €222,907 | €251,837 | €319,523 | €285,257 | €258,288 | ▼ 9.5% |
| Amounts receivable within one year40/41 | €7,810 | €1,542 | €24,489 | €8,655 | €29,580 | ▲ 242% |
| Trade receivables40 | - | €1,403 | €24,299 | €7,163 | €3,989 | ▼ 44.3% |
| Other amounts receivable41 | - | €138 | €189 | €1,492 | €25,591 | ▲ 1,615% |
| Cash at bank and in hand54/58 | €212,849 | €247,218 | €292,078 | €274,722 | €228,592 | ▼ 16.8% |
| Deferred charges and accrued income490/1 | - | €3,077 | €2,956 | €1,880 | €115 | ▼ 93.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €476,651 | €480,366 | €574,437 | €529,908 | €459,041 | ▼ 13.4% |
| Equity10/15 | €279,309 | €314,270 | €361,251 | €378,719 | €293,249 | ▼ 22.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | €12,400 | €12,400 | €12,400 | - | - |
| Issued capital100 | - | €18,550 | €18,550 | €18,550 | - | - |
| Uncalled capital101 | - | €6,150 | €6,150 | €6,150 | - | - |
| Reserves13 | €96,855 | €126,855 | €173,855 | €192,294 | €147,294 | ▼ 23.4% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | - | - | - |
| Legal reserve130 | - | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | €125,000 | €172,000 | €192,294 | €147,294 | ▼ 23.4% |
| Profit (loss) carried forward14 | €144,152 | €150,085 | €151,036 | €151,036 | €111,979 | ▼ 25.9% |
| Investment grants15 | - | €24,931 | €23,960 | €22,989 | €21,575 | ▼ 6.1% |
| Amounts payable17/49 | €197,342 | €166,096 | €213,186 | €151,189 | €165,792 | ▲ 9.7% |
| Amounts payable after more than one year17 | €144,995 | €126,099 | €126,212 | €104,230 | €81,886 | ▼ 21.4% |
| Financial debts170/4 | - | €126,099 | €126,212 | €104,230 | €81,886 | ▼ 21.4% |
| Amounts payable within one year42/48 | €52,315 | €39,997 | €61,439 | €42,558 | €83,907 | ▲ 97.2% |
| Current portion of amounts payable after more than one year42 | - | €18,896 | €26,383 | €21,982 | €20,344 | ▼ 7.5% |
| Trade debts44 | €3,676 | €876 | €4,130 | €15,831 | €12,700 | ▼ 19.8% |
| Suppliers440/4 | - | €876 | €4,130 | €15,831 | €12,700 | ▼ 19.8% |
| Taxes, remuneration and social security45 | - | €20,170 | €30,926 | €4,745 | €5,863 | ▲ 23.6% |
| Taxes450/3 | - | €20,170 | €30,926 | €4,745 | €5,863 | ▲ 23.6% |
| Other amounts payable47/48 | - | €55 | - | - | €45,000 | - |
| Accrued charges and deferred income492/3 | - | - | €25,536 | €4,401 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,712 | €35,932 | €47,951 | €18,439 | -€39,057 | ▼ 312% |
| + Depreciation and write-downs630 | €21,509 | €25,215 | €29,144 | €30,990 | €24,321 | ▼ 21.5% |
| Operating cash flow (approximation) | €83,222 | €61,147 | €77,095 | €49,429 | -€14,736 | ▼ 130% |
| Investment in fixed assets (approximation) | - | €0 | -€55,529 | -€20,727 | €19,577 | ▲ 194% |
| Change in cash | - | €34,370 | €44,860 | -€17,356 | -€46,130 | ▼ 166% |
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
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet -€39,057
Net result drops to -€39,057, the lowest in the series.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €61,712 ▲64.3%
Operating result €89,306, net result €61,712, both a record.
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €200,000Eq €218,568 ▲20.1%
2 profitable years in a row build equity to €218,568.
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Elsene · 2 establishment units since 2010
Ground area
1.2 ha
Building footprint
414 m²
Volume, LiDAR
2,850 m³
2 parcels, Brussels, Wallonia · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
GEO2W
since 20102.187.326.244
Laie aux Faons 35, 1300 Wavre
since 20252.371.007.919
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0298/00S013 | Brussels | 9,346 m² | 1 · 205 m² | 16.1 m · 4 fl. |
| 25055D0529/00N003 | Wallonia | 2,255 m² | 1 · 209 m² | 4.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,759 companies in sector 71122 we hold annual accounts for 772. 603 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
Founded24-12-2009
Fiscal year end30-06
Activities, NACEBEL 2025
71122Land surveying
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821756779
Also
9925:BE0821756779
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.