Georis Construct
ActiveSummary
Georis Construct has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €187,716 and a net result of €1,788. Equity is shrinking by about 9.1% per year across the filed financial years. Its solvency ranks better than 77% of 490 sector peers (NACE 23, financial year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €187,716
- Profit
- €1,788
Why 55raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 28-08-2025)Liquidity: current ratio 1.81, cash €16,218lowers riskSector: Manufacture of other non-metallic mineral products (NACE 23)Founded in 1991Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 23, micro): better than 75% on solvency, 40% on liquidity, 44% on profitability and 41% on growth.
The bankruptcy probability was computed on 21-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 49 days after the deadline; the sector median (NACE 23) for financial year 2024 is 10 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
- Resignation: GEORIS Koen Willy Maria (manager)Appointment: GEORIS Koen Willy Maria…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €1,788
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 22 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €4,645 after a loss of €29,989 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,042 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,800 | €44,146 | €44,263 | €31,125 | €23,219 | €21,393 | €14,731 | ▼ 31.1% |
| Other operating charges640/8 | - | - | - | €5,840 | €5,050 | €6,913 | €6,520 | ▼ 5.7% |
| Gross operating margin9900 | €50,114 | €47,555 | €63,872 | €19,345 | €26,756 | -€1,683 | €25,895 | - |
| Operating profit (loss)9901 | €4,141 | -€2,208 | €14,446 | -€17,620 | -€1,513 | -€29,989 | €4,645 | - |
| Financial income75/76B | - | - | - | €616 | €719 | €309 | €187 | ▼ 39.3% |
| Recurring financial income75 | €494 | €1,335 | €390 | €616 | €719 | €309 | €187 | ▼ 39.3% |
| Financial charges65/66B | - | - | - | €4,391 | €3,579 | €3,027 | €2,361 | ▼ 22.0% |
| Recurring financial charges65 | €5,988 | €5,247 | €4,824 | €4,391 | €3,579 | €3,027 | €2,361 | ▼ 22.0% |
| Profit (loss) for the period before taxes9903 | -€1,353 | -€6,120 | €10,011 | -€21,394 | -€4,373 | -€32,707 | €2,471 | - |
| Income taxes67/77 | -€5,334 | -€6,346 | €5,566 | -€13,611 | €631 | €662 | €684 | ▲ 3.3% |
| Profit (loss) for the period9904 | €3,981 | €226 | €4,446 | -€7,784 | -€5,004 | -€33,369 | €1,788 | - |
| Profit (loss) for the period to be appropriated9905 | €3,981 | €226 | €9,002 | -€7,784 | -€5,004 | -€33,369 | €1,788 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €475,245 | €455,932 | €441,609 | €401,181 | €348,115 | €275,327 | €259,247 | ▼ 5.8% |
| Fixed assets21/28 | €296,143 | €251,997 | €212,290 | €181,617 | €162,081 | €144,577 | €129,846 | ▼ 10.2% |
| Tangible fixed assets22/27 | €296,143 | €251,997 | €212,290 | €181,617 | €162,081 | €144,577 | €129,846 | ▼ 10.2% |
| Land and buildings22 | - | - | - | €162,839 | €150,836 | €138,226 | €125,617 | ▼ 9.1% |
| Plant, machinery and equipment23 | - | - | - | €5,230 | €4,828 | €6,350 | €4,230 | ▼ 33.4% |
| Furniture and vehicles24 | - | - | - | €13,549 | €6,417 | - | - | - |
| Current assets29/58 | €179,102 | €203,935 | €229,319 | €219,564 | €186,034 | €130,750 | €129,401 | ▼ 1.0% |
| Stocks and contracts in progress3 | €6,273 | €6,833 | €7,249 | €29,846 | €28,241 | €11,770 | €18,944 | ▲ 60.9% |
| Stocks30/36 | - | - | - | €10,757 | €11,241 | €11,770 | €10,960 | ▼ 6.9% |
| Contracts in progress37 | - | - | - | €19,088 | €17,000 | - | €7,984 | - |
| Amounts receivable within one year40/41 | €58,182 | €62,684 | €83,900 | €106,312 | €105,076 | €84,386 | €89,153 | ▲ 5.7% |
| Trade receivables40 | - | - | - | €77,202 | €70,617 | €62,219 | €66,041 | ▲ 6.1% |
| Other amounts receivable41 | - | - | - | €29,109 | €34,459 | €22,167 | €23,112 | ▲ 4.3% |
| Cash at bank and in hand54/58 | €100,216 | €110,759 | €121,746 | €76,733 | €47,008 | €26,562 | €16,218 | ▼ 38.9% |
| Deferred charges and accrued income490/1 | - | - | - | €6,673 | €5,709 | €8,033 | €5,085 | ▼ 36.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €475,245 | €455,932 | €441,609 | €401,181 | €348,115 | €275,327 | €259,247 | ▼ 5.8% |
| Equity10/15 | €302,415 | €302,641 | €307,087 | €224,301 | €219,297 | €185,928 | €187,716 | ▲ 1.0% |
| Contributions10/11 | €146,158 | €146,158 | - | €146,158 | €146,158 | €146,158 | €146,158 | = |
| Reserves13 | €156,075 | €156,301 | €160,747 | €85,744 | €85,744 | €85,744 | €85,744 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | - | - | €20,444 | €20,444 | €20,444 | €20,444 | = |
| Distributable reserves133 | - | - | - | €63,300 | €63,300 | €63,300 | €63,300 | = |
| Profit (loss) carried forward14 | €182 | €182 | €182 | -€7,602 | -€12,606 | -€45,974 | -€44,187 | ▲ 3.9% |
| Provisions and deferred taxes16 | €23,734 | €14,240 | €14,240 | - | - | - | - | - |
| Amounts payable17/49 | €149,096 | €139,051 | €120,282 | €176,880 | €128,818 | €89,399 | €71,531 | ▼ 20.0% |
| Amounts payable after more than one year17 | €117,593 | €99,846 | €81,387 | €62,201 | €42,261 | €21,540 | - | - |
| Financial debts170/4 | - | - | - | €62,201 | €42,261 | €21,540 | - | - |
| Amounts payable within one year42/48 | €31,503 | €39,205 | €38,896 | €114,025 | €86,557 | €67,859 | €71,531 | ▲ 5.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19,185 | €19,940 | €20,721 | €21,540 | ▲ 4.0% |
| Financial debts43 | - | - | - | €5,029 | €2,790 | - | €7,924 | - |
| Credit institutions430/8 | - | - | - | €5,029 | €2,790 | - | €7,924 | - |
| Trade debts44 | €9,417 | €11,156 | €11,160 | €22,957 | €23,637 | €9,814 | €3,122 | ▼ 68.2% |
| Suppliers440/4 | - | - | - | €22,957 | €23,637 | €9,814 | €3,122 | ▼ 68.2% |
| Taxes, remuneration and social security45 | - | - | - | €3,730 | €3,461 | €1,293 | €5,742 | ▲ 344% |
| Taxes450/3 | - | - | - | €1,530 | €1,261 | €1,293 | €1,342 | ▲ 3.8% |
| Remuneration and social security454/9 | - | - | - | €2,200 | €2,200 | - | €4,400 | - |
| Other amounts payable47/48 | - | - | - | €63,125 | €36,729 | €36,031 | €33,203 | ▼ 7.8% |
| Accrued charges and deferred income492/3 | - | - | - | €653 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,981 | €226 | €4,446 | -€7,784 | -€5,004 | -€33,369 | €1,788 | - |
| + Depreciation and write-downs630 | €37,800 | €44,146 | €44,263 | €31,125 | €23,219 | €21,393 | €14,731 | ▼ 31.1% |
| Operating cash flow (approximation) | €41,781 | €44,372 | €48,708 | €23,341 | €18,215 | -€11,976 | €16,518 | - |
| Investment in fixed assets (approximation) | - | €0 | -€4,556 | -€452 | -€3,683 | -€3,889 | €0 | - |
| Change in cash | - | €10,543 | €10,987 | -€45,014 | -€29,724 | -€20,446 | -€10,344 | ▲ 49.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 27-08-2025 | 2025-00425508 |
| 31-12-2023 | micro format | 15-10-2024 | 2024-00508430 |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00466008 |
| 31-12-2021 | micro format | 26-10-2022 | 2022-20474810 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61200297 |
| 31-12-2019 | micro format | 12-08-2020 | 2020-40600375 |
| 31-12-2018 | micro format | 30-09-2019 | 2019-67500569 |
| 31-12-2017 | micro format | 11-01-2019 | 2019-01000009 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-51800186 |
| 31-12-2015 | abbreviated format | 29-09-2016 | 2016-62800561 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GEORIS Koen Willy Maria |
|
Owners and capital
Capital and shareholders
- 30-06-2026 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
30-06
Gazette deed
Resignation: GEORIS Koen Willy Maria (manager)Appointment: GEORIS Koen Willy Maria (director) · Name change · Amendment of the articles12 facts ▸
- General meeting, 04-06-2026
- Name change, Georis Construct
- Amendment of the articles (2 times)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffen” (deed in Dutch)
- Capital
- Power of attorney, Tom WILSENS
- Director resignation, GEORIS Koen Willy Maria (manager)
- Director appointment, GEORIS Koen Willy Maria (director (not named in the articles))
- Director discharge, GEORIS Koen Willy Maria
- Registered office clause, “Roosberg 7,3400 Landen” (deed in Dutch)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0444.091.536
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24089A0113/00F000 | Flanders | 6,741 m² | 1 · 3,469 m² | 10.3 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aankoop,de verkoop,de invoer en uitvoer,de handel in glaswerk,ramen,lijsten en dergelijke en al hun bijhorigheden,evenals het plaatsen…” (deed in Dutch)
8 activities (deed in Dutch)
- De aankoop,de verkoop,de invoer en uitvoer,de handel in glaswerk,ramen,lijsten en dergelijke en al hun bijhorigheden,evenals het plaatsen van alle ramen,en ander glaswerk in alle openbare of private gebouwen met al hun bijhorigheden en ook het vervangen van inlijsten.
- Elektriciteitswerken in de zo ruim mogelijke zin.
- Onderneming voor het verrichten van: algemene bouwonderneming (met uitzondering van handelingen aan een voorafgaande machtiging onderworpen),rioleringswerken,grondwerken,bouwen van stellingen,alsmede het invoegen en reinigen van gevels,ontmossen en reinigen van daken,voor het droogmaken van gebouwen (anders dan met teer of asfalt),voor het leggen van parketvloeren,voor het plaatsen van dakgoten in p.v.c.,voor het uitvoeren van kleine herstellingen (met uitzodering van de geregistreerde beroepen),voor het plaatsen van gyprocplaten,voor binnenhuisdecoratie (met uitzondering van geregistreerde beroepen),het plaatsen van sierschouwen.
- Aannemer van dakwerken in het algemeen; onderneming voor het bezetten van dakgoten met plastiek en andere materialen,onderneming voor het waterdicht maken en bedekken van gebouwen met asfalt en teer,aannemer van niet metalen dakbedekking van gebouwen en aanneming van algemene zinkwerken.
- Het afmaken van zolders met isolatie en gyproc.
- 2. Aannemer van schrijnwerken en timmerwerken. Dit alles in de meeste uitgebreide zin.
- Zij mag alle handels-,nijverheids-,financiële,roerende en onroerende verrichtingen doen die rechtstreeks of onrechtstreeks verband houden met haar doel.
- Zij mag eveneens belangen nemen in alle zaken,vennootschappen en ondernemingen met een gelijkaardig,gelijksoortig of aanverwant doel,die van aard zijn de verwezenlijking van haar doel te bevorderen,haar grondstoffen zou kunnen verschaffen of de afzet van haar producten zou bevorderen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Georis Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Alle aandelen op naam,voorzien van volgnummer, register van aandelen op naam met vermeldingen voorgeschreven door Wetboek van…” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Elke overdracht onder levenden zowel ten bezwarende als kosteloze titel,vrijwillig als gedwongen (uitsluiting en uittreding),in…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Titel V. De algemene vergadering Artikel 15 Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vereffenaars, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)