GEOGRIND
ActiveThe file of GEOGRIND contains 2 judicial reorganisations, as published in the Belgian State Gazette. The annual accounts of GEOGRIND for fiscal year 2025 show a net loss of 110% of total assets and of 79% of the equity at the start of that year. The computed 12-month bankruptcy probability is 5.2% (elevated). The 2025 annual accounts show equity of €155k and a net result of €-571k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 35% of 265 sector peers (fiscal year 2025).
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-18
Solvency55▼-39
Growth32▼-20
Track record60
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k 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 short (current ratio 0.56 against 0.27 in 2024; short-term debt: 19.4% and cash: 0% of total assets), and 70.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten 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 23
Relative position
BE, all sectors
reference
Sector 23
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
29.7%
Return on assets
-109.7%
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
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
1819202122232425
2018 to 2025 · latest year €-571k
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
on the day
2023
78 d early
2022
75 d early
2021
47 d early
2020
99 d early
2019
115 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€155k▼ 78.7%
2024 · €726k
2018: €499k
2019: €498k
2020: €465k
2021: €734k
2022: €747k
2023: €745k
2024: €726k
2018 → 2025
Total assets
€521k▼ 50.3%
2024 · €1.05M
2018: €1.16M
2019: €1.10M
2020: €1.13M
2021: €1.08M
2022: €1.00M
2023: €1.09M
2024: €1.05M
2018 → 2025
Net result
€-571k▼ 2,908%
2024 · €-19k
2018: €81k
2019: €2k
2020: €-33k
2021: €229k
2022: €68k
2023: €-2k
2024: €-19k
2018 → 2025
Working capital
€-44k▲ 48.6%
2024 · €-86k
2018: €-239k
2019: €-201k
2020: €-215k
2021: €-5k
2022: €-58k
2023: €45k
2024: €-86k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€734k-€747k▲ 1.7%€745k▼ 0.3%€726k▼ 2.5%€155k▼ 78.7%
Operating result€-46k-€70k€348▼ 99.5%€-16k€-560k▼ 3,328%
Net result€229k-€68k▼ 70.4%€-2k€-19k▼ 907%€-571k▼ 2,908%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €560k in 2025 against €16k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €518k
Fixed assets
€461k▼ 54.2%
Current assets
€57k▲ 76.7%
Equity and liabilities €521k
Equity
€155k▼ 78.7%
Debt
€366k▲ 13.8%
The debt ratio rises from 30.7% to 70.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-503k▼
2024 · €753
Cash flow
€-514k▼
2024 · €-2k
Solvency
29.7%▼
2024 · 69.3%
Current ratio
0.56▲
2024 · 0.27
Quick ratio
0.56▲
2024 · 0.17
Debt / equity
2.36▲
2024 · 0.44
ROE
-368.9%▼
2024 · -2.6%
ROA
-109.7%▼
2024 · -1.8%
Interest coverage
-80.61▼
2024 · 0.16
Debt
€366k▲
2024 · €321k
Debt ≤ 1 year
€101k▼
2024 · €118k
Debt > 1 year
€265k▲
2024 · €203k
Income taxes
€4k▲
2024 · €-2k
Staff costs
€31k▼
2024 · €34k
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€1.05M€521k▼
Formation expenses20€9k€3k▼
Fixed assets21/28€1.01M€461k▼
Intangible fixed assets21€996k€454k▼
Tangible fixed assets22/27€8k€5k▼
Plant, machinery and equipment23€4k€3k▼
Other tangible fixed assets26€4k€2k▼
Financial fixed assets28€3k€3k=
Current assets29/58€32k€57k▲
Stocks and contracts in progress3€11k-
Stocks30/36€11k-
Amounts receivable within one year40/41€15k€41k▲
Other amounts receivable41€15k€41k▲
Cash at bank and in hand54/58€11€7▼
Deferred charges and accrued income490/1€6k€15k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€521k▼
Equity10/15€726k€155k▼
Contributions10/11€739k€739k=
Capital10€739k€739k=
Issued capital100€739k€739k=
Reserves13€400€400=
Non-distributable reserves130/1€400€400=
Legal reserve130€400€400=
Profit (loss) carried forward14€-14k€-585k▼
Amounts payable17/49€321k€366k▲
Amounts payable after more than one year17€203k€265k▲
Financial debts170/4€189k€265k▲
Other amounts payable178/9€14k-
Amounts payable within one year42/48€118k€101k▼
Current portion of amounts payable after more than one year42€51k€57k▲
Trade debts44€18k€14k▼
Suppliers440/4€18k€14k▼
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3-€121
Remuneration and social security454/9€4k€4k▼
Other amounts payable47/48€45k€26k▼
Income statement
Code20242025
Non-recurring operating income76A-€7k
Remuneration, social security and pensions62€34k€31k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€57k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€11k
Other operating charges640/8€968€3k▲
Non-recurring operating charges66A-€535k
Gross operating margin9900€36k€77k▲
Operating profit (loss)9901€-16k€-560k▼
Financial income75/76B€119-
Recurring financial income75€119-
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€-21k€-567k▼
Income taxes67/77€-2k€4k▲
Profit (loss) for the period9904€-19k€-571k▼
Profit (loss) for the period to be appropriated9905€-19k€-571k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-585k▼
Profit (loss) brought forward from the previous period14P€5k€-14k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 7 days late
2025
31-12
Financial
Weakest financial yearnet €-571k
Net result drops to €-571k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 1.64
Current ratio from 0.40 to 1.64; short-term debt falls from €96k to €70k.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €229k
Net result €229k after one loss-making year.
31-12
Financial
Equity above €500kEq €734k ▲57.9%
Equity rises from €465k to €734k.
19-08
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Hainaut · 20210001 · event 10-08-2021
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
11-02
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collectif · event 01-02-2021
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 98 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-09-2025
GeMMa CONSULT: Resigned as Director
06-12-2017
VANDENBULCKE Philippe: Resigned as Director
24-03-2016
Philippe FIEVEZ: Resigned as Director
05-09-2014
Baudouin van Male de Ghorain: Resigned as Director
05-09-2014
Patrick Dolberg: Resigned as Director
05-09-2014
Sébastien JOINE: Resigned as Director
16-05-2014
Decorte Marc: Resigned as Director
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 2011
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.
Rue de la Croix du Maïeur(S-B) 177110 La LouvièreGround area
3,543 m²
Building footprint
647 m²
Volume, LiDAR
2,419 m³
Parcel 55042A0620/00K000, Wallonia · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue de la Croix du Maïeur(S-B) 17, 7110 La Louvière
since 20112.205.226.011
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55042A0620/00K000 | Wallonia | 3,543 m² | 1 · 646 m² | 5.3 m · 1 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
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BE 0734.565.855
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HATO
BE 0423.084.997
Court-Saint-Etienne · Eq €701k
ABETECH
BE 0440.623.389
Charleroi · Eq €758k
ABETECH ABRASIFS
BE 0525.966.959
Charleroi · Eq €873k
TYROLIT
BE 0402.150.023
Merchtem · Eq €1.28M
Of 12 companies in sector 23910 we hold annual accounts for 9. 5 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-12-2011
Fiscal year end31-12
Activities, NACEBEL
23910Manufacture of other non-metallic mineral products
25639Manufacture of fabricated metal products, except machinery and equipment
46190Agents in non-specialised wholesale trade
46620Wholesale of machine tools
46851Wholesale of industrial chemicals
47529Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.