GEORGES H
ActiveSummary
GEORGES H has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €506k and a net result of €44k. Equity remains stable across the filed fiscal years (±1.8% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+63
Solvency100=
Growth57▲+17
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 5.72 against 4.36 in 2024; short-term debt: 11.7% and cash: 1.2% of total assets), and 11.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
88.3%
Return on assets
7.7%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
61 d late
2023
274 d late
2022
47 d early
2021
46 d early
2020
20 d early
← 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, full schema
Turnover
€82k▼ 4.0%
2020 · €85k
2019: €91khighest in 3 years
2020: €85k▼ -6.2% vs 2019
2021: €82k▼ -4.0% vs 2020lowest in 3 years
2019 → 2021
EBIT margin
53.4%▼ 4.6pp
2020 · 58.1%
2019: 60.0%highest in 3 years
2020: 58.1%▼ -3.2% vs 2019
2021: 53.4%▼ -8.0% vs 2020lowest in 3 years
2019 → 2021
Net result
€44k
2024 · €-18k
2019: €32k
2020: €31k▼ -3.7% vs 2019
2021: €30k▼ -1.0% vs 2020
2022: €22k▼ -28.6% vs 2021
2023: €23k▲ +6.1% vs 2022
2023: €19k
2024: €-18k▼ -193% vs 2023lowest value
2025: €44k▲ +352% vs 2024highest value
2019 → 2025
Working capital
€316k▲ 23.5%
2024 · €256k
2019: €192klowest value
2020: €236k▲ +23.2% vs 2019
2021: €278k▲ +17.5% vs 2020
2022: €239k▼ -13.9% vs 2021
2023: €263k▲ +9.9% vs 2022
2023: €263k
2024: €256k▼ -2.9% vs 2023
2025: €316k▲ +23.5% vs 2024highest value
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202320242025Trend
Equity€438k-€461k▲ 5.2%€480k▲ 4.1%€462k▼ 3.7%€506k▲ 9.6%
2022: €438klowest value
2023: €461k▲ +5.2% vs 2022
2023: €480k
2024: €462k▼ -3.7% vs 2023
2025: €506k▲ +9.6% vs 2024highest value
Operating result€33k-€31k▼ 4.1%€25k▼ 20.2%€-17k€52k
2022: €33k
2023: €31k▼ -4.1% vs 2022
2023: €25k
2024: €-17k▼ -168% vs 2023lowest value
2025: €52k▲ +407% vs 2024highest value
Net result€22k-€23k▲ 6.1%€19k▼ 17.7%€-18k€44k
2022: €22k
2023: €23k▲ +6.1% vs 2022
2023: €19k
2024: €-18k▼ -193% vs 2023lowest value
2025: €44k▲ +352% vs 2024highest value
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €573k
Fixed assets
€191k ▼ 7.6%
Current assets
€382k ▲ 15.3%
Equity and liabilities €573k
Equity
€506k ▲ 9.6%
Debt
€67k ▼ 12.0%
Debt's share of the balance-sheet total falls from 14.1% to 11.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68k▲
2024 · €-2k
Cash flow
€60k▲
2024 · €-2k
Current ratio
5.72▲
2024 · 4.36
Debt to equity
0.13▼
2024 · 0.16
ROE
8.7%▲
2024 · -3.8%
ROA
7.7%▲
2024 · -3.3%
Interest coverage
218.35▲
2024 · -13.66
Debt ≤ 1 year
€67k▼
2024 · €76k
Income taxes
€8k▲
2024 · €377
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€538k€573k▲
Fixed assets21/28€207k€191k▼
Tangible fixed assets22/27€207k€191k▼
Land and buildings22€205k€190k▼
Plant, machinery and equipment23€1k€1k▼
Current assets29/58€332k€382k▲
Amounts receivable within one year40/41€324k€375k▲
Other amounts receivable41€324k€375k▲
Cash at bank and in hand54/58€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€538k€573k▲
Equity10/15€462k€506k▲
Contributions10/11€176k€176k=
Capital10€112k€112k=
Issued capital100€112k€112k=
Outside capital11€64k€64k=
Share premium1100/10€64k€64k=
Reserves13€216k€216k=
Non-distributable reserves130/1€151k€151k=
Legal reserve130€11k€11k=
Other1319€140k€140k=
Distributable reserves133€64k€64k=
Profit (loss) carried forward14€71k€115k▲
Amounts payable17/49€76k€67k▼
Amounts payable within one year42/48€76k€67k▼
Trade debts44€56k€58k▲
Suppliers440/4€56k€58k▲
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€8k€9k▲
Other amounts payable47/48€13k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▲
Other operating charges640/8€8k€7k▼
Gross operating margin9900€6k€76k▲
Operating profit (loss)9901€-17k€52k▲
Financial charges65/66B€113€312▲
Recurring financial charges65€113€312▲
Profit (loss) for the period before taxes9903€-17k€52k▲
Income taxes67/77€377€8k▲
Profit (loss) for the period9904€-18k€44k▲
Profit (loss) for the period to be appropriated9905€-18k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€71k€115k▲
Profit (loss) brought forward from the previous period14P€88k€71k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €12k | €7k | €16k | €16k | ▲ 1.9% |
| Other operating charges640/8 | €348 | €24k | €13k | €8k | €7k | ▼ 4.2% |
| Gross operating margin9900 | €47k | €67k | €45k | €6k | €76k | ▲ 1,132% |
| Operating profit (loss)9901 | €33k | €31k | €25k | €-17k | €52k | ▲ 407% |
| Financial charges65/66B | €45 | €45 | €23 | €113 | €312 | ▲ 177% |
| Recurring financial charges65 | €45 | €45 | €23 | €113 | €312 | ▲ 177% |
| Profit (loss) for the period before taxes9903 | €33k | €31k | €25k | €-17k | €52k | ▲ 404% |
| Income taxes67/77 | €11k | €9k | €6k | €377 | €8k | ▲ 1,989% |
| Profit (loss) for the period9904 | €22k | €23k | €19k | €-18k | €44k | ▲ 352% |
| Profit (loss) for the period to be appropriated9905 | €22k | €23k | €19k | €-18k | €44k | ▲ 352% |
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €440k | €468k | €505k | €538k | €573k | ▲ 6.5% |
| Fixed assets21/28 | €199k | €198k | €216k | €207k | €191k | ▼ 7.6% |
| Tangible fixed assets22/27 | €199k | €198k | €216k | €207k | €191k | ▼ 7.6% |
| Land and buildings22 | €197k | €196k | €215k | €205k | €190k | ▼ 7.6% |
| Plant, machinery and equipment23 | €2k | €2k | €2k | €1k | €1k | ▼ 8.5% |
| Current assets29/58 | €241k | €269k | €288k | €332k | €382k | ▲ 15.3% |
| Amounts receivable within one year40/41 | - | €260k | €274k | €324k | €375k | ▲ 15.8% |
| Other amounts receivable41 | - | €260k | €274k | €324k | €375k | ▲ 15.8% |
| Cash at bank and in hand54/58 | €241k | €9k | €15k | €7k | €7k | ▼ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €440k | €468k | €505k | €538k | €573k | ▲ 6.5% |
| Equity10/15 | €438k | €461k | €480k | €462k | €506k | ▲ 9.6% |
| Contributions10/11 | €176k | €176k | €176k | €176k | €176k | = |
| Capital10 | €112k | €112k | €112k | €112k | €112k | = |
| Issued capital100 | €112k | €112k | €112k | €112k | €112k | = |
| Outside capital11 | €64k | €64k | €64k | €64k | €64k | = |
| Share premium1100/10 | €64k | €64k | €64k | €64k | €64k | = |
| Reserves13 | €216k | €216k | €216k | €216k | €216k | = |
| Non-distributable reserves130/1 | €151k | €151k | €151k | €151k | €151k | = |
| Legal reserve130 | €11k | €11k | €11k | €11k | €11k | = |
| Other1319 | €140k | €140k | €140k | €140k | €140k | = |
| Distributable reserves133 | €64k | €64k | €64k | €64k | €64k | = |
| Profit (loss) carried forward14 | €47k | €70k | €88k | €71k | €115k | ▲ 62.4% |
| Amounts payable17/49 | €2k | €7k | €25k | €76k | €67k | ▼ 12.0% |
| Amounts payable within one year42/48 | €2k | €7k | €25k | €76k | €67k | ▼ 12.0% |
| Trade debts44 | - | €6k | €15k | €56k | €58k | ▲ 4.2% |
| Suppliers440/4 | - | €6k | €15k | €56k | €58k | ▲ 4.2% |
| Taxes, remuneration and social security45 | €2k | €1k | €7k | €8k | €9k | ▲ 13.7% |
| Taxes450/3 | €2k | €1k | €7k | €8k | €9k | ▲ 13.7% |
| Other amounts payable47/48 | - | - | €3k | €13k | - | - |
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €23k | €19k | €-18k | €44k | ▲ 352% |
| + Depreciation and write-downs630 | €14k | €12k | €7k | €16k | €16k | ▲ 1.9% |
| Operating cash flow (approximation) | €35k | €35k | €26k | €-2k | €60k | ▲ 3,055% |
| Investment in fixed assets (approximation) | - | €-11k | - | €-6k | €0 | ▲ 100% |
| Change in cash | - | €-232k | - | €-7k | €-355 | ▲ 95.2% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
31-12
Financial
Equity above €500kEq €506k ▲9.6%
Equity rises from €462k to €506k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
10-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
9 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, Etterbeek
Ground area
114 m²
Building footprint
119 m²
Volume, LiDAR
1,728 m³
Parcel 21364B0188/00A002, Brussels · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0188/00A002 | Brussels | 114 m² | 1 · 119 m² | 17.5 m · 5 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.
Identification & contact
Identification
Legal formPublic limited company
Founded27-06-1996
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.