GEOD
ActiveSummary
The annual accounts of GEOD for fiscal year 2024 show a net loss of 54% of the equity at the start of that year. The 2024 annual accounts show equity of €13k and a net result of €-14k. Equity is shrinking by ~22.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 30% of 11615 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability39▼-44
Solvency58▼-6
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days 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 3.01 against 2.12 in 2023; short-term debt: 33% and cash: 37.2% of total assets), but 66.8% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 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 →
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 2024Solvency, return and age of the figures
Solvency
33.2%
Return on assets
-38.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
30 d early
2022
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€13k▼ 53.6%
2023 · €27k
2022: €23k
2023: €27k▲ +17.9% vs 2022highest in 3 years
2024: €13k▼ -53.6% vs 2023lowest in 3 years
2022 → 2024
Total assets
€38k▼ 45.2%
2023 · €69k
2022: €77khighest in 3 years
2023: €69k▼ -10.9% vs 2022
2024: €38k▼ -45.2% vs 2023lowest in 3 years
2022 → 2024
Net result
€-14k
2023 · €8k
2022: €20khighest in 3 years
2023: €8k▼ -61.4% vs 2022
2024: €-14k▼ -288% vs 2023lowest in 3 years
2022 → 2024
Working capital
€25k▼ 2.0%
2023 · €25k
2022: €7klowest in 3 years
2023: €25k▲ +260% vs 2022highest in 3 years
2024: €25k▼ -2.0% vs 2023
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€23k-€27k▲ 17.9%€13k▼ 53.6%
2022: €23k
2023: €27k▲ +17.9% vs 2022highest in 3 years
2024: €13k▼ -53.6% vs 2023lowest in 3 years
Operating result€23k-€11k▼ 50.4%€-13k
2022: €23khighest in 3 years
2023: €11k▼ -50.4% vs 2022
2024: €-13k▼ -216% vs 2023lowest in 3 years
Net result€20k-€8k▼ 61.4%€-14k
2022: €20khighest in 3 years
2023: €8k▼ -61.4% vs 2022
2024: €-14k▼ -288% vs 2023lowest in 3 years
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 2024: a loss of €13k after €11k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38k
Fixed assets
€331 ▼ 98.4%
Current assets
€37k ▼ 22.5%
Equity and liabilities €38k
Equity
€13k ▼ 53.6%
Debt
€25k ▼ 39.8%
Debt's share of the balance-sheet total rises from 60.8% to 66.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7k▼
2023 · €32k
Cash flow
€6k▼
2023 · €28k
Current ratio
3.01▲
2023 · 2.12
Debt to equity
2.01▲
2023 · 1.55
ROE
-115.5%▼
2023 · 28.5%
ROA
-38.4%▼
2023 · 11.2%
Interest coverage
4.73▼
2023 · 22.13
Debt ≤ 1 year
€12k▼
2023 · €23k
Debt > 1 year
€13k▼
2023 · €19k
Staff costs
€29k▼
2023 · €60k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€69k€38k▼
Fixed assets21/28€21k€331▼
Intangible fixed assets21€2k-
Tangible fixed assets22/27€18k-
Furniture and vehicles24€9k-
Leasing and similar rights25€10k-
Financial fixed assets28€331€331=
Current assets29/58€48k€37k▼
Amounts receivable within one year40/41€40k€22k▼
Trade receivables40€37k€20k▼
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€7k€14k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€69k€38k▼
Equity10/15€27k€13k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€24k€10k▼
Amounts payable17/49€42k€25k▼
Amounts payable after more than one year17€19k€13k▼
Financial debts170/4€19k€13k▼
Amounts payable within one year42/48€23k€12k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€397€3k▲
Suppliers440/4€397€3k▲
Taxes, remuneration and social security45€13k€3k▼
Taxes450/3€6k-
Remuneration and social security454/9€6k€3k▼
Other amounts payable47/48€4k€562▼
Income statement
Code20232024
Remuneration, social security and pensions62€60k€29k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▼
Other operating charges640/8€117€191▲
Gross operating margin9900€91k€37k▼
Operating profit (loss)9901€11k€-13k▼
Financial income75/76B€0€50▲
Recurring financial income75€0€50▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€10k€-14k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€8k€-14k▼
Profit (loss) for the period to be appropriated9905€8k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€10k▼
Profit (loss) brought forward from the previous period14P€20k€24k▲
Profit to be distributed694/7€4k-
Return on contributions (dividend)694€4k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €31k | €60k | €29k | ▼ 51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €20k | €20k | ▼ 0.1% |
| Other operating charges640/8 | €128 | €117 | €191 | ▲ 63.4% |
| Gross operating margin9900 | €75k | €91k | €37k | ▼ 60.0% |
| Operating profit (loss)9901 | €23k | €11k | €-13k | ▼ 216% |
| Financial income75/76B | €3 | €0 | €50 | ▲ 38,485% |
| Recurring financial income75 | €3 | €0 | €50 | ▲ 38,485% |
| Financial charges65/66B | €615 | €1k | €2k | ▲ 8.6% |
| Recurring financial charges65 | €615 | €1k | €2k | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | €22k | €10k | €-14k | ▼ 248% |
| Income taxes67/77 | €2k | €2k | - | - |
| Profit (loss) for the period9904 | €20k | €8k | €-14k | ▼ 288% |
| Profit (loss) for the period to be appropriated9905 | €20k | €8k | €-14k | ▼ 288% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €77k | €69k | €38k | ▼ 45.2% |
| Formation expenses20 | €31 | - | - | - |
| Fixed assets21/28 | €41k | €21k | €331 | ▼ 98.4% |
| Intangible fixed assets21 | €5k | €2k | - | - |
| Tangible fixed assets22/27 | €36k | €18k | - | - |
| Furniture and vehicles24 | €17k | €9k | - | - |
| Leasing and similar rights25 | €19k | €10k | - | - |
| Financial fixed assets28 | €331 | €331 | €331 | = |
| Current assets29/58 | €36k | €48k | €37k | ▼ 22.5% |
| Amounts receivable within one year40/41 | €23k | €40k | €22k | ▼ 46.6% |
| Trade receivables40 | €21k | €37k | €20k | ▼ 44.9% |
| Other amounts receivable41 | €2k | €3k | €1k | ▼ 65.5% |
| Cash at bank and in hand54/58 | €12k | €7k | €14k | ▲ 107% |
| Deferred charges and accrued income490/1 | €986 | €1k | €2k | ▲ 59.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €77k | €69k | €38k | ▼ 45.2% |
| Equity10/15 | €23k | €27k | €13k | ▼ 53.6% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €20k | €24k | €10k | ▼ 60.3% |
| Amounts payable17/49 | €54k | €42k | €25k | ▼ 39.8% |
| Amounts payable after more than one year17 | €25k | €19k | €13k | ▼ 33.2% |
| Financial debts170/4 | €25k | €19k | €13k | ▼ 33.2% |
| Amounts payable within one year42/48 | €29k | €23k | €12k | ▼ 45.4% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €6k | ▲ 5.1% |
| Trade debts44 | €6k | €397 | €3k | ▲ 658% |
| Suppliers440/4 | €6k | €397 | €3k | ▲ 658% |
| Taxes, remuneration and social security45 | €7k | €13k | €3k | ▼ 80.2% |
| Taxes450/3 | €2k | €6k | - | - |
| Remuneration and social security454/9 | €5k | €6k | €3k | ▼ 60.7% |
| Other amounts payable47/48 | €11k | €4k | €562 | ▼ 84.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €8k | €-14k | ▼ 288% |
| + Depreciation and write-downs630 | €22k | €20k | €20k | ▼ 0.1% |
| Operating cash flow (approximation) | €41k | €28k | €6k | ▼ 79.2% |
| Investment in fixed assets (approximation) | - | €-31 | €0 | ▲ 100% |
| Change in cash | - | €-5k | €7k | ▲ 236% |
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
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Mont-Saint-Guibert · 1 establishment unit since 2022
Ground area
1,027 m²
Building footprint
247 m²
Volume, LiDAR
2,262 m³
Parcel 25068B0655/00C000, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Auguste Lannoye 43, 1435 Mont-Saint-Guibert
since 20222.326.319.128
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25068B0655/00C000 | Wallonia | 1,027 m² | 1 · 247 m² | 10.9 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.
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Of 1,758 companies in sector 71122 we hold annual accounts for 771. 439 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
Founded11-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
71122Land surveying
Scores and ratios are computed by Checked and are not a credit decision.