GEOPAT
ActiveSummary
The computed 12-month bankruptcy probability of GEOPAT is 1.7% (moderate). The 2025 annual accounts show equity of €143k and a net result of €33k. Equity is shrinking by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 56% of 27965 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-10
Solvency77▲+2
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.55 in 2024; short-term debt: 47.3% and cash: 40.5% of total assets), and 48% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52%
Return on assets
11.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
60 d early
2024
2 d early
2023
1 d late
2022
42 d early
2021
29 d late
2020
15 d early
2019
38 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€143k▼ 10.9%
2024 · €160k
2019: €148k
2020: €240k▲ +61.8% vs 2019
2021: €325k▲ +35.5% vs 2020highest in 7 years
2022: €249k▼ -23.4% vs 2021
2023: €95k▼ -62.0% vs 2022lowest in 7 years
2024: €160k▲ +69.1% vs 2023
2025: €143k▼ -10.9% vs 2024
2019 → 2025
Total assets
€274k▼ 14.4%
2024 · €320k
2019: €201klowest in 7 years
2020: €270k▲ +34.7% vs 2019
2021: €358k▲ +32.3% vs 2020highest in 7 years
2022: €357k▼ -0.2% vs 2021
2023: €355k▼ -0.5% vs 2022
2024: €320k▼ -9.8% vs 2023
2025: €274k▼ -14.4% vs 2024
2019 → 2025
Net result
€33k▼ 50.1%
2024 · €65k
2019: €128khighest in 7 years
2020: €92k▼ -28.5% vs 2019
2021: €85k▼ -7.0% vs 2020
2022: €69k▼ -18.8% vs 2021
2023: €46k▼ -33.8% vs 2022
2024: €65k▲ +42.9% vs 2023
2025: €33k▼ -50.1% vs 2024lowest in 7 years
2019 → 2025
Working capital
€80k▼ 10.0%
2024 · €89k
2019: €70k
2020: €169k▲ +143% vs 2019
2021: €243k▲ +43.5% vs 2020highest in 7 years
2022: €137k▼ -43.8% vs 2021
2023: €-2k▼ -102% vs 2022lowest in 7 years
2024: €89k▲ +4032% vs 2023
2025: €80k▼ -10.0% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€325k-€249k▼ 23.4%€95k▼ 62.0%€160k▲ 69.1%€143k▼ 10.9%
2021: €325khighest in 5 years
2022: €249k▼ -23.4% vs 2021
2023: €95k▼ -62.0% vs 2022lowest in 5 years
2024: €160k▲ +69.1% vs 2023
2025: €143k▼ -10.9% vs 2024
Operating result€103k-€82k▼ 20.7%€55k▼ 33.2%€80k▲ 47.5%€47k▼ 42.0%
2021: €103khighest in 5 years
2022: €82k▼ -20.7% vs 2021
2023: €55k▼ -33.2% vs 2022
2024: €80k▲ +47.5% vs 2023
2025: €47k▼ -42.0% vs 2024lowest in 5 years
Net result€85k-€69k▼ 18.8%€46k▼ 33.8%€65k▲ 42.9%€33k▼ 50.1%
2021: €85khighest in 5 years
2022: €69k▼ -18.8% vs 2021
2023: €46k▼ -33.8% vs 2022
2024: €65k▲ +42.9% vs 2023
2025: €33k▼ -50.1% vs 2024lowest in 5 years
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 falls in 2025; 2025 is 42% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €274k
Fixed assets
€65k ▼ 9.3%
Current assets
€209k ▼ 15.9%
Equity and liabilities €274k
Equity
€143k ▼ 10.9%
Debt
€132k ▼ 17.9%
Debt's share of the balance-sheet total falls from 50.0% to 48.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€75k▼
2024 · €109k
Cash flow
€61k▼
2024 · €94k
Current ratio
1.61▲
2024 · 1.55
Quick ratio
1.17▼
2024 · 1.37
Debt to equity
0.92▼
2024 · 1.00
ROE
22.9%▼
2024 · 40.9%
ROA
11.9%▼
2024 · 20.4%
Interest coverage
11.47▼
2024 · 292.53
Debt ≤ 1 year
€130k▼
2024 · €160k
Income taxes
€8k▼
2024 · €18k
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€320k€274k▼
Fixed assets21/28€72k€65k▼
Intangible fixed assets21€3k€0▼
Tangible fixed assets22/27€68k€65k▼
Plant, machinery and equipment23€9k€26k▲
Furniture and vehicles24€25k€17k▼
Other tangible fixed assets26€34k€22k▼
Current assets29/58€249k€209k▼
Stocks and contracts in progress3€29k€57k▲
Stocks30/36€29k€57k▲
Amounts receivable within one year40/41€32k€36k▲
Trade receivables40€23k€29k▲
Other amounts receivable41€8k€7k▼
Cash at bank and in hand54/58€188k€111k▼
Deferred charges and accrued income490/1€0€5k▲
Equity and liabilities
Total equity and liabilities10/49€320k€274k▼
Equity10/15€160k€143k▼
Contributions10/11€20k€20k=
Reserves13€140k€123k▼
Distributable reserves133€140k€123k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€160k€132k▼
Amounts payable within one year42/48€160k€130k▼
Trade debts44€5k€21k▲
Suppliers440/4€5k€21k▲
Taxes, remuneration and social security45€17k€5k▼
Taxes450/3€17k€5k▼
Other amounts payable47/48€139k€104k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€28k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€112k€76k▼
Operating profit (loss)9901€80k€47k▼
Financial income75/76B€3k€638▼
Recurring financial income75€3k€638▼
Financial charges65/66B€373€6k▲
Recurring financial charges65€373€6k▲
Profit (loss) for the period before taxes9903€83k€41k▼
Income taxes67/77€18k€8k▼
Profit (loss) for the period9904€65k€33k▼
Profit (loss) for the period to be appropriated9905€65k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€33k▼
Transfer from equity791/2€0€50k▲
Transfer to equity691/2€65k€33k▼
To other reserves6921€65k€33k▼
Profit to be distributed694/7€0€50k▲
Return on contributions (dividend)694€0€50k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €29k | €32k | €29k | €28k | ▼ 2.4% |
| Other operating charges640/8 | €1k | €1k | €3k | €3k | €2k | ▼ 42.3% |
| Non-recurring operating charges66A | €358 | €343 | - | - | - | - |
| Gross operating margin9900 | €125k | €112k | €89k | €112k | €76k | ▼ 31.9% |
| Operating profit (loss)9901 | €103k | €82k | €55k | €80k | €47k | ▼ 42.0% |
| Financial income75/76B | €3k | €5k | €3k | €3k | €638 | ▼ 79.5% |
| Recurring financial income75 | €3k | €5k | €3k | €3k | €638 | ▼ 79.5% |
| Financial charges65/66B | €152 | €305 | €409 | €373 | €6k | ▲ 1,644% |
| Recurring financial charges65 | €152 | €305 | €409 | €373 | €6k | ▲ 1,644% |
| Profit (loss) for the period before taxes9903 | €106k | €86k | €57k | €83k | €41k | ▼ 51.0% |
| Income taxes67/77 | €20k | €17k | €12k | €18k | €8k | ▼ 54.2% |
| Profit (loss) for the period9904 | €85k | €69k | €46k | €65k | €33k | ▼ 50.1% |
| Profit (loss) for the period to be appropriated9905 | €85k | €69k | €46k | €65k | €33k | ▼ 50.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €358k | €357k | €355k | €320k | €274k | ▼ 14.4% |
| Fixed assets21/28 | €82k | €112k | €97k | €72k | €65k | ▼ 9.3% |
| Intangible fixed assets21 | €16k | €12k | €7k | €3k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €66k | €100k | €89k | €68k | €65k | ▼ 5.0% |
| Plant, machinery and equipment23 | €19k | €12k | €9k | €9k | €26k | ▲ 177% |
| Furniture and vehicles24 | €11k | €49k | €36k | €25k | €17k | ▼ 31.1% |
| Other tangible fixed assets26 | €36k | €39k | €44k | €34k | €22k | ▼ 35.4% |
| Current assets29/58 | €276k | €245k | €258k | €249k | €209k | ▼ 15.9% |
| Amounts receivable after more than one year29 | €64k | €0 | - | - | - | - |
| Other amounts receivable291 | €64k | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €31k | €51k | €34k | €29k | €57k | ▲ 96.1% |
| Stocks30/36 | €31k | €51k | €34k | €29k | €57k | ▲ 96.1% |
| Amounts receivable within one year40/41 | €9k | €66k | €70k | €32k | €36k | ▲ 13.3% |
| Trade receivables40 | €9k | €52k | €56k | €23k | €29k | ▲ 24.0% |
| Other amounts receivable41 | - | €15k | €14k | €8k | €7k | ▼ 16.1% |
| Cash at bank and in hand54/58 | €172k | €128k | €152k | €188k | €111k | ▼ 40.9% |
| Deferred charges and accrued income490/1 | €0 | - | €2k | €0 | €5k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €358k | €357k | €355k | €320k | €274k | ▼ 14.4% |
| Equity10/15 | €325k | €249k | €95k | €160k | €143k | ▼ 10.9% |
| Contributions10/11 | €20k | €22k | €20k | €20k | €20k | = |
| Reserves13 | €305k | €227k | €75k | €140k | €123k | ▼ 12.4% |
| Non-distributable reserves130/1 | €2k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €0 | - | - | - | - |
| Distributable reserves133 | €303k | €227k | €75k | €140k | €123k | ▼ 12.4% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €33k | €108k | €261k | €160k | €132k | ▼ 17.9% |
| Amounts payable within one year42/48 | €33k | €108k | €261k | €160k | €130k | ▼ 19.1% |
| Trade debts44 | €2k | €34k | €54k | €5k | €21k | ▲ 331% |
| Suppliers440/4 | €2k | €34k | €54k | €5k | €21k | ▲ 331% |
| Taxes, remuneration and social security45 | €31k | €35k | €37k | €17k | €5k | ▼ 71.5% |
| Taxes450/3 | €31k | €35k | €37k | €17k | €5k | ▼ 71.5% |
| Other amounts payable47/48 | - | €39k | €170k | €139k | €104k | ▼ 25.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85k | €69k | €46k | €65k | €33k | ▼ 50.1% |
| + Depreciation and write-downs630 | €21k | €29k | €32k | €29k | €28k | ▼ 2.4% |
| Operating cash flow (approximation) | €106k | €98k | €78k | €94k | €61k | ▼ 35.6% |
| Investment in fixed assets (approximation) | - | €-59k | €-16k | €-3k | €-21k | ▼ 557% |
| Change in cash | - | €-44k | €24k | €37k | €-77k | ▼ 310% |
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
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €33k ▼50.1%
Net result drops to €33k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €160k ▲69.1%
6 profitable years in a row build equity to €160k.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 6.52
Current ratio from 2.32 to 6.52; short-term debt falls from €53k to €31k.
31-12
Financial
Equity above €200kEq €240k ▲61.8%
2 profitable years in a row build equity to €240k.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
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, Pelt · 1 establishment unit since 2018
Ground area
2,112 m²
Building footprint
185 m²
Volume, LiDAR
920 m³
Parcel 72362D0312/00C000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GEOPAT
since 20182.281.454.945
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72362D0312/00C000 | Flanders | 2,111 m² | 1 · 185 m² | 7.2 m · 2 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 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,650 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
Founded31-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.