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 €485k and a net result of €157k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 1115 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 €30k 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 →
Checked, nothing found (1)
History
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€157k▲ 20.3%
2023 · €130k
Working capital
€403k▼ 1.6%
2023 · €410k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€110k▼ 11.7%€114k▲ 3.6%€151k▲ 32.3%€223k▲ 47.9%€214k▼ 3.9%
Net result€56k▼ 9.9%€54k▼ 3.8%€77k▲ 43.3%€130k▲ 69.1%€157k▲ 20.3%
Equity€375k▲ 5.4%€375k=€398k▲ 6.3%€441k▲ 10.9%€485k▲ 9.9%
Total assets€2.11M▲ 24.8%€2.04M▼ 3.2%€1.71M▼ 16.0%€1.90M▲ 10.7%€2.10M▲ 10.8%
Debt€1.73M▲ 29.9%€1.67M▼ 3.9%€1.30M▼ 21.8%€1.44M▲ 10.8%€1.60M▲ 11.1%
Working capital€337k▼ 2.5%€393k▲ 16.9%€463k▲ 17.7%€410k▼ 11.5%€403k▼ 1.6%
Staff (FTE)23.2▲ 7.4%23.3▲ 0.4%24.2▲ 3.9%24.7▲ 2.1%28.4▲ 15.0%
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 €2.10M
Fixed assets
€316k ▼ 11.8%
Current assets
€1.79M ▲ 16.0%
Equity and liabilities €2.10M
Equity
€485k ▲ 9.9%
Provisions
€14k =
Debt
€1.60M ▲ 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
€322k▼
2023 · €332k
Cash flow
€265k▲
2023 · €240k
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
€1.38M▲
2023 · €1.13M
Debt > 1 year
€209k▼
2023 · €303k
Income taxes
€83k▲
2023 · €68k
Staff costs
€1.72M▲
2023 · €1.49M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.32M | €1.35M | €1.49M | €1.72M | ▲ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €150k | €137k | €104k | €109k | €108k | ▼ 1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €9k | €6k | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €14k | €0 | - | - |
| Other operating charges640/8 | - | €18k | €2k | €2k | €1k | ▼ 20.8% |
| Gross operating margin9900 | €1.40M | €1.59M | €1.63M | €1.82M | €2.04M | ▲ 11.8% |
| Operating profit (loss)9901 | €110k | €114k | €151k | €223k | €214k | ▼ 3.9% |
| Financial income75/76B | - | €4k | €703 | €0 | €51k | - |
| Recurring financial income75 | €1k | €4k | €703 | €0 | €51k | - |
| Financial charges65/66B | - | €31k | €27k | €24k | €25k | ▲ 3.7% |
| Recurring financial charges65 | €31k | €31k | €27k | €24k | €25k | ▲ 3.7% |
| Profit (loss) for the period before taxes9903 | €80k | €87k | €124k | €199k | €240k | ▲ 20.7% |
| Income taxes67/77 | €24k | €33k | €47k | €68k | €83k | ▲ 21.3% |
| Profit (loss) for the period9904 | €56k | €54k | €77k | €130k | €157k | ▲ 20.3% |
| Profit (loss) for the period to be appropriated9905 | €56k | €54k | €77k | €130k | €157k | ▲ 20.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.11M | €2.04M | €1.71M | €1.90M | €2.10M | ▲ 10.8% |
| Fixed assets21/28 | €505k | €399k | €298k | €359k | €316k | ▼ 11.8% |
| Tangible fixed assets22/27 | €398k | €301k | €212k | €284k | €261k | ▼ 8.1% |
| Land and buildings22 | - | €18k | €17k | €15k | €13k | ▼ 12.5% |
| Plant, machinery and equipment23 | - | €33k | €17k | €32k | €24k | ▼ 24.5% |
| Furniture and vehicles24 | - | €149k | €113k | €84k | €102k | ▲ 20.8% |
| Leasing and similar rights25 | - | €84k | €65k | €154k | €123k | ▼ 20.1% |
| Assets under construction and advance payments27 | - | €15k | €0 | - | - | - |
| Financial fixed assets28 | €107k | €98k | €86k | €74k | €55k | ▼ 25.9% |
| Current assets29/58 | €1.60M | €1.64M | €1.42M | €1.54M | €1.79M | ▲ 16.0% |
| Stocks and contracts in progress3 | €4k | €475k | €261k | €414k | €455k | ▲ 9.9% |
| Stocks30/36 | - | €0 | - | - | - | - |
| Contracts in progress37 | - | €475k | €261k | €414k | €455k | ▲ 9.9% |
| Amounts receivable within one year40/41 | €1.01M | €876k | €762k | €829k | €974k | ▲ 17.4% |
| Trade receivables40 | - | €850k | €736k | €789k | €850k | ▲ 7.8% |
| Other amounts receivable41 | - | €26k | €26k | €41k | €123k | ▲ 204% |
| Current investments50/53 | €4k | €4k | €4k | €1k | €1k | = |
| Cash at bank and in hand54/58 | €155k | €283k | €386k | €284k | €345k | ▲ 21.4% |
| Deferred charges and accrued income490/1 | - | €4k | €2k | €11k | €11k | ▼ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.11M | €2.04M | €1.71M | €1.90M | €2.10M | ▲ 10.8% |
| Equity10/15 | €375k | €375k | €398k | €441k | €485k | ▲ 9.9% |
| Contributions10/11 | - | €157k | €157k | €157k | €157k | = |
| Reserves13 | €114k | €96k | €96k | €76k | €76k | = |
| Tax-exempt reserves132 | - | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | - | €88k | €88k | €68k | €68k | = |
| Profit (loss) carried forward14 | €103k | €122k | €145k | €209k | €252k | ▲ 20.9% |
| Provisions and deferred taxes16 | - | - | €14k | €14k | €14k | = |
| Provisions for liabilities and charges160/5 | - | - | €14k | €14k | €14k | = |
| Other liabilities and charges164/5 | - | - | €14k | €14k | €14k | = |
| Amounts payable17/49 | €1.73M | €1.67M | €1.30M | €1.44M | €1.60M | ▲ 11.1% |
| Amounts payable after more than one year17 | €457k | €406k | €339k | €303k | €209k | ▼ 30.9% |
| Financial debts170/4 | - | €406k | €339k | €303k | €209k | ▼ 30.9% |
| Amounts payable within one year42/48 | €1.27M | €1.25M | €953k | €1.13M | €1.38M | ▲ 22.4% |
| Current portion of amounts payable after more than one year42 | - | €100k | €95k | €77k | €209k | ▲ 171% |
| Financial debts43 | - | €150k | €0 | - | €100k | - |
| Credit institutions430/8 | - | €150k | €0 | - | €100k | - |
| Trade debts44 | €133k | €212k | €240k | €344k | €368k | ▲ 6.9% |
| Suppliers440/4 | - | €212k | €240k | €344k | €368k | ▲ 6.9% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €355k | €431k | €481k | €479k | ▼ 0.4% |
| Taxes450/3 | - | €131k | €173k | €179k | €171k | ▼ 4.1% |
| Remuneration and social security454/9 | - | €223k | €257k | €302k | €307k | ▲ 1.9% |
| Other amounts payable47/48 | - | €431k | €188k | €228k | €227k | ▼ 0.4% |
| Accrued charges and deferred income492/3 | - | €12k | €10k | €10k | €11k | ▲ 10.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €54k | €77k | €130k | €157k | ▲ 20.3% |
| + Depreciation and write-downs630 | €150k | €137k | €104k | €109k | €108k | ▼ 1.1% |
| Operating cash flow (approximation) | €206k | €191k | €181k | €240k | €265k | ▲ 10.6% |
| Investment in fixed assets (approximation) | - | €-31k | €-4k | €-169k | €-66k | ▲ 61.1% |
| Change in cash | - | €127k | €104k | €-102k | €61k | ▲ 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.
More with these figures Sector benchmark What changed Value indication
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 €157k ▲20.3%
Net result €157k, 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 €54k ▼3.8%
Net result drops to €54k, 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.
Public money · subsidies and aid
European research
1 project · 208,800 EUR EU contributionProgrammes
Horizon 2020
Projects
Managing soil and groundwater impacts from agriculture for sustainable intensification
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 4,454 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
Scores and ratios are computed by Checked and are not a credit decision.