GEOLYS
ActiveSummary
GEOLYS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €484,954 and a net result of €156,653. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 1117 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+1
Solvency48=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.36 in 2023; short-term debt: 65.8% and cash: 16.4% of total assets), and 76.9% of the assets are financed with debt.
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Signals
Five 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
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 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
26 d early
2022
30 d late
2021
40 d early
2020
4 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 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 (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#7 employer in Seraing, Professional and technical services sector#9 fastest grower in the province of Liège, Architecture and engineering sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€156,653▲ 20.3%
2023 · €130,165
Working capital
€403,011▼ 1.6%
2023 · €409,709
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
Line20202021202220232024
Operating result€109,795▼ 11.7%€113,790▲ 3.6%€150,571▲ 32.3%€222,728▲ 47.9%€214,134▼ 3.9%
Net result€55,819within the sector's middle half▼ 9.9%€53,726within the sector's middle half▼ 3.8%€76,963within the sector's middle half▲ 43.3%€130,165within the sector's middle half▲ 69.1%€156,653within the sector's middle half▲ 20.3%
Equity€374,551within the sector's middle half▲ 5.4%€374,537within the sector's middle half=€398,020within the sector's middle half▲ 6.3%€441,399within the sector's middle half▲ 10.9%€484,954within the sector's middle half▲ 9.9%
Total assets€2.1mabove the sector's middle half▲ 24.8%€2.0mwithin the sector's middle half▼ 3.2%€1.7mwithin the sector's middle half▼ 16.0%€1.9mwithin the sector's middle half▲ 10.7%€2.1mwithin the sector's middle half▲ 10.8%
Debt€1.7m▲ 29.9%€1.7m▼ 3.9%€1.3m▼ 21.8%€1.4m▲ 10.8%€1.6m▲ 11.1%
Working capital€336,607▼ 2.5%€393,457▲ 16.9%€462,950▲ 17.7%€409,709▼ 11.5%€403,011▼ 1.6%
Solvency17.8%below the sector's middle half▼ 3.3pp18.4%below the sector's middle half▲ 0.6pp23.2%within the sector's middle half▲ 4.9pp23.3%within the sector's middle half=23.1%within the sector's middle half▼ 0.2pp
Staff (FTE)23.2within the sector's middle half▲ 7.4%23.3within the sector's middle half▲ 0.4%24.2within the sector's middle half▲ 3.9%24.7within the sector's middle half▲ 2.1%28.4above the sector's middle half▲ 15.0%
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.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.1m
Fixed assets
€316,192 ▼ 11.8%
Current assets
€1.8m ▲ 16.0%
Equity and liabilities €2.1m
Equity
€484,954 ▲ 9.9%
Provisions
€14,000 =
Debt
€1.6m ▲ 11.1%
Debt's share of the balance-sheet total rises from 76.0% to 76.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€322,401▼
2023 · €332,183
Cash flow
€264,920▲
2023 · €239,619
Current ratio
1.29▼
2023 · 1.36
Quick ratio
0.96▼
2023 · 1.00
Debt to equity
3.31▲
2023 · 3.27
ROE
32.3%▲
2023 · 29.5%
ROA
7.5%▲
2023 · 6.9%
Interest coverage
12.87▼
2023 · 13.75
Debt ≤ 1 year
€1.4m▲
2023 · €1.1m
Debt > 1 year
€209,249▼
2023 · €302,811
Income taxes
€82,970▲
2023 · €68,404
Staff costs
€1.7m▲
2023 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,600 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 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% | 1.6% |
| 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 74% 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 2,600 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.3m | €1.4m | €1.5m | €1.7m | ▲ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €149,759 | €136,855 | €104,475 | €109,454 | €108,267 | ▼ 1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €9,389 | €6,290 | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €14,000 | €0 | - | - |
| Other operating charges640/8 | - | €17,888 | €1,805 | €1,757 | €1,391 | ▼ 20.8% |
| Gross operating margin9900 | €1.4m | €1.6m | €1.6m | €1.8m | €2.0m | ▲ 11.8% |
| Operating profit (loss)9901 | €109,795 | €113,790 | €150,571 | €222,728 | €214,134 | ▼ 3.9% |
| Financial income75/76B | - | €4,137 | €703 | €0 | €50,539 | - |
| Recurring financial income75 | €1,199 | €4,137 | €703 | €0 | €50,539 | - |
| Financial charges65/66B | - | €31,302 | €27,214 | €24,160 | €25,050 | ▲ 3.7% |
| Recurring financial charges65 | €30,923 | €31,302 | €27,214 | €24,160 | €25,050 | ▲ 3.7% |
| Profit (loss) for the period before taxes9903 | €80,071 | €86,625 | €124,059 | €198,569 | €239,623 | ▲ 20.7% |
| Income taxes67/77 | €24,252 | €32,899 | €47,096 | €68,404 | €82,970 | ▲ 21.3% |
| Profit (loss) for the period9904 | €55,819 | €53,726 | €76,963 | €130,165 | €156,653 | ▲ 20.3% |
| Profit (loss) for the period to be appropriated9905 | €55,819 | €53,726 | €76,963 | €130,165 | €156,653 | ▲ 20.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.0m | €1.7m | €1.9m | €2.1m | ▲ 10.8% |
| Fixed assets21/28 | €504,671 | €399,087 | €298,486 | €358,501 | €316,192 | ▼ 11.8% |
| Tangible fixed assets22/27 | €397,760 | €300,795 | €212,099 | €284,305 | €261,241 | ▼ 8.1% |
| Land and buildings22 | - | €18,419 | €16,577 | €14,735 | €12,893 | ▼ 12.5% |
| Plant, machinery and equipment23 | - | €33,293 | €17,378 | €31,907 | €24,104 | ▼ 24.5% |
| Furniture and vehicles24 | - | €149,320 | €112,940 | €84,072 | €101,571 | ▲ 20.8% |
| Leasing and similar rights25 | - | €84,358 | €65,204 | €153,591 | €122,672 | ▼ 20.1% |
| Assets under construction and advance payments27 | - | €15,404 | €0 | - | - | - |
| Financial fixed assets28 | €106,912 | €98,292 | €86,387 | €74,197 | €54,951 | ▼ 25.9% |
| Current assets29/58 | €1.6m | €1.6m | €1.4m | €1.5m | €1.8m | ▲ 16.0% |
| Stocks and contracts in progress3 | €3,743 | €474,771 | €261,392 | €413,759 | €454,915 | ▲ 9.9% |
| Stocks30/36 | - | €0 | - | - | - | - |
| Contracts in progress37 | - | €474,771 | €261,392 | €413,759 | €454,915 | ▲ 9.9% |
| Amounts receivable within one year40/41 | €1.0m | €876,437 | €762,057 | €829,335 | €973,786 | ▲ 17.4% |
| Trade receivables40 | - | €850,205 | €736,255 | €788,650 | €850,296 | ▲ 7.8% |
| Other amounts receivable41 | - | €26,232 | €25,803 | €40,685 | €123,489 | ▲ 204% |
| Current investments50/53 | €3,684 | €3,684 | €3,684 | €1,050 | €1,050 | = |
| Cash at bank and in hand54/58 | €155,464 | €282,533 | €386,401 | €284,295 | €345,084 | ▲ 21.4% |
| Deferred charges and accrued income490/1 | - | €3,873 | €2,368 | €11,121 | €11,076 | ▼ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.0m | €1.7m | €1.9m | €2.1m | ▲ 10.8% |
| Equity10/15 | €374,551 | €374,537 | €398,020 | €441,399 | €484,954 | ▲ 9.9% |
| Contributions10/11 | - | €157,080 | €157,080 | €157,080 | €157,080 | = |
| Reserves13 | €114,114 | €95,550 | €95,550 | €75,550 | €75,550 | = |
| Tax-exempt reserves132 | - | €7,550 | €7,550 | €7,550 | €7,550 | = |
| Distributable reserves133 | - | €88,000 | €88,000 | €68,000 | €68,000 | = |
| Profit (loss) carried forward14 | €103,357 | €121,907 | €145,390 | €208,769 | €252,324 | ▲ 20.9% |
| Provisions and deferred taxes16 | - | - | €14,000 | €14,000 | €14,000 | = |
| Provisions for liabilities and charges160/5 | - | - | €14,000 | €14,000 | €14,000 | = |
| Other liabilities and charges164/5 | - | - | €14,000 | €14,000 | €14,000 | = |
| Amounts payable17/49 | €1.7m | €1.7m | €1.3m | €1.4m | €1.6m | ▲ 11.1% |
| Amounts payable after more than one year17 | €456,728 | €406,007 | €339,409 | €302,811 | €209,249 | ▼ 30.9% |
| Financial debts170/4 | - | €406,007 | €339,409 | €302,811 | €209,249 | ▼ 30.9% |
| Amounts payable within one year42/48 | €1.3m | €1.2m | €952,952 | €1.1m | €1.4m | ▲ 22.4% |
| Current portion of amounts payable after more than one year42 | - | €99,770 | €95,139 | €77,229 | €209,088 | ▲ 171% |
| Financial debts43 | - | €150,000 | €0 | - | €100,000 | - |
| Credit institutions430/8 | - | €150,000 | €0 | - | €100,000 | - |
| Trade debts44 | €133,420 | €212,017 | €239,505 | €344,265 | €368,164 | ▲ 6.9% |
| Suppliers440/4 | - | €212,017 | €239,505 | €344,265 | €368,164 | ▲ 6.9% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €354,732 | €430,683 | €480,553 | €478,784 | ▼ 0.4% |
| Taxes450/3 | - | €131,455 | €173,198 | €178,710 | €171,309 | ▼ 4.1% |
| Remuneration and social security454/9 | - | €223,277 | €257,485 | €301,842 | €307,475 | ▲ 1.9% |
| Other amounts payable47/48 | - | €431,322 | €187,625 | €227,804 | €226,863 | ▼ 0.4% |
| Accrued charges and deferred income492/3 | - | €12,000 | €10,007 | €10,000 | €11,000 | ▲ 10.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,819 | €53,726 | €76,963 | €130,165 | €156,653 | ▲ 20.3% |
| + Depreciation and write-downs630 | €149,759 | €136,855 | €104,475 | €109,454 | €108,267 | ▼ 1.1% |
| Operating cash flow (approximation) | €205,579 | €190,581 | €181,438 | €239,619 | €264,920 | ▲ 10.6% |
| Investment in fixed assets (approximation) | - | -€31,271 | -€3,874 | -€169,470 | -€65,957 | ▲ 61.1% |
| Change in cash | - | €127,069 | €103,869 | -€102,107 | €60,789 | ▲ 160% |
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
2026
04-09
State Gazette act
General meeting · Director appointment
Director resignation · Permanent representative
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €156,653 ▲20.3%
Net result €156,653, the highest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €53,726 ▼3.8%
Net result drops to €53,726, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Seraing · 5 establishment units since 2004
Ground area
1.1 ha
Building footprint
3,358 m²
Volume, LiDAR
27,648 m³
4 parcels, Brussels, Wallonia · tallest building 23.0 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
5 establishment units
GEOLYS
since 20042.136.047.688
GEOLYS
since 20042.144.370.981
GEOLYS
since 20112.202.856.637
GEOLYS
since 20122.206.953.403
GEOLYS
since 20172.272.796.607
4 parcels
Wallonia
3
(75%)
Brussels
1
(25%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0684/00S003 | Wallonia | 4,611 m² | 1 · 341 m² | 8.4 m · 2 fl. |
| 21904B0440/00Y003 | Brussels | 3,512 m² | 1 · 2,814 m² | 23.0 m · 2 fl. |
| 91064E0296/00H004 | Wallonia | 2,365 m² | 1 · 116 m² | - |
| 62352E0073/00M005 | Wallonia | 268 m² | 1 · 87 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
64.8%
According to the 2023 annual accounts of GEOLYS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
European research
1 project · 208,800 EUR EU contributionProgrammes
Projects
Managing soil and groundwater impacts from agriculture for sustainable intensification
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 4,458 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
Founded15-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Contact
Website
www.geolys.be
E-mail
info@geolys.be
Phone
083/678424Havelange
Fax
083/678425Havelange
E-mail
vincent.lejeune@geolys.beHerve
Phone
087/67.84.23Herve
Fax
087/67.84.27Herve
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864034131
Also
9925:BE0864034131
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.