GEORODE
ActiveSummary
GEORODE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,755 and a net result of €19,150. Equity is growing by ~71.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-11
Solvency66▼-8
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.29 against 1.68 in 2024; short-term debt: 39.8% and cash: 90.5% of total assets), but 58.9% 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
41.1%
Return on assets
15.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
83 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 47 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€49,755▲ 62.6%
2024 · €30,605
Total assets
€120,988▲ 93.5%
2024 · €62,529
Net result
€19,150▼ 21.5%
2024 · €24,406
Working capital
€62,182▲ 188%
2024 · €21,585
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
Line202320242025
Operating result€5,778-€30,720▲ 432%€26,201▼ 14.7%
Net result€4,699-€24,406▲ 419%€19,150▼ 21.5%
Equity€6,199-€30,605▲ 394%€49,755▲ 62.6%
Total assets€37,869-€62,529▲ 65.1%€120,988▲ 93.5%
Debt€31,670-€31,924▲ 0.8%€71,232▲ 123%
Working capital-€2,586-€21,585€62,182▲ 188%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120,988
Fixed assets
€10,673 ▲ 18.3%
Current assets
€110,314 ▲ 106%
Equity and liabilities €120,988
Equity
€49,755 ▲ 62.6%
Debt
€71,232 ▲ 123%
Debt's share of the balance-sheet total rises from 51.1% to 58.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,034▼
2024 · €33,714
Cash flow
€23,983▼
2024 · €27,400
Current ratio
2.29▲
2024 · 1.68
Debt to equity
1.43▲
2024 · 1.04
ROE
38.5%▼
2024 · 79.7%
ROA
15.8%▼
2024 · 39.0%
Interest coverage
12.44▼
2024 · 187.77
Debt ≤ 1 year
€48,132▲
2024 · €31,924
Income taxes
€4,660▼
2024 · €6,135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% 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 39,275 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,094 | €2,994 | €4,833 | ▲ 61.4% |
| Other operating charges640/8 | €384 | €607 | €620 | ▲ 2.0% |
| Non-recurring operating charges66A | €34 | €0 | - | - |
| Gross operating margin9900 | €7,290 | €34,322 | €31,654 | ▼ 7.8% |
| Operating profit (loss)9901 | €5,778 | €30,720 | €26,201 | ▼ 14.7% |
| Financial income75/76B | €23 | €0 | €104 | - |
| Recurring financial income75 | €23 | €0 | €104 | - |
| Financial charges65/66B | - | €180 | €2,495 | ▲ 1,290% |
| Recurring financial charges65 | - | €180 | €2,495 | ▲ 1,290% |
| Profit (loss) for the period before taxes9903 | €5,801 | €30,541 | €23,810 | ▼ 22.0% |
| Income taxes67/77 | €1,102 | €6,135 | €4,660 | ▼ 24.0% |
| Profit (loss) for the period9904 | €4,699 | €24,406 | €19,150 | ▼ 21.5% |
| Profit (loss) for the period to be appropriated9905 | €4,699 | €24,406 | €19,150 | ▼ 21.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €37,869 | €62,529 | €120,988 | ▲ 93.5% |
| Fixed assets21/28 | €8,785 | €9,020 | €10,673 | ▲ 18.3% |
| Tangible fixed assets22/27 | €8,785 | €9,020 | €10,673 | ▲ 18.3% |
| Plant, machinery and equipment23 | €3,620 | €2,706 | €7,511 | ▲ 178% |
| Furniture and vehicles24 | €5,165 | €6,314 | €3,163 | ▼ 49.9% |
| Current assets29/58 | €29,085 | €53,509 | €110,314 | ▲ 106% |
| Amounts receivable within one year40/41 | €1,220 | €12,730 | €871 | ▼ 93.2% |
| Trade receivables40 | - | €11,528 | €0 | ▼ 100% |
| Other amounts receivable41 | €1,220 | €1,202 | €871 | ▼ 27.5% |
| Cash at bank and in hand54/58 | €27,864 | €40,779 | €109,443 | ▲ 168% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €37,869 | €62,529 | €120,988 | ▲ 93.5% |
| Equity10/15 | €6,199 | €30,605 | €49,755 | ▲ 62.6% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €4,699 | €29,105 | €48,255 | ▲ 65.8% |
| Amounts payable17/49 | €31,670 | €31,924 | €71,232 | ▲ 123% |
| Amounts payable within one year42/48 | €31,670 | €31,924 | €48,132 | ▲ 50.8% |
| Trade debts44 | €2,706 | €5,277 | €2,723 | ▼ 48.4% |
| Suppliers440/4 | €2,706 | €5,277 | €2,723 | ▼ 48.4% |
| Advances received on contracts in progress46 | - | - | €9,900 | - |
| Taxes, remuneration and social security45 | €14,602 | €8,635 | €18,656 | ▲ 116% |
| Taxes450/3 | €2,102 | €6,135 | €11,156 | ▲ 81.9% |
| Remuneration and social security454/9 | €12,500 | €2,500 | €7,500 | ▲ 200% |
| Other amounts payable47/48 | €14,363 | €18,012 | €16,853 | ▼ 6.4% |
| Accrued charges and deferred income492/3 | - | - | €23,100 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,699 | €24,406 | €19,150 | ▼ 21.5% |
| + Depreciation and write-downs630 | €1,094 | €2,994 | €4,833 | ▲ 61.4% |
| Operating cash flow (approximation) | €5,793 | €27,400 | €23,983 | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | -€3,230 | -€6,486 | ▼ 101% |
| Change in cash | - | €12,915 | €68,664 | ▲ 432% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2023net €24,406 ▲419%
Operating result €30,720, net result €24,406, both a record.
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 83 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Liège · 1 establishment unit since 2023
Ground area
211 m²
Building footprint
56 m²
Volume, LiDAR
554 m³
Parcel 62803D0081/00W002, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GEORODE
since 20232.344.202.958
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803D0081/00W002 | Wallonia | 211 m² | 1 · 56 m² | 11.1 m · 3 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.
Similar companies · same sector, comparable size
DOWA CONSULT
BE 1003.067.595
Oostende · Eq €49,759
IMHM CONSULTING
BE 0802.502.675
Brussel · Eq €49,784
ICS, Internet & Computer Solutions
BE 0897.016.705
Brecht · Eq €49,703
Solvice
BE 0552.540.605
Gent · Eq €49,658
MicroOs
BE 0782.977.466
Hechtel-Eksel · Eq €49,652
Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 6,825 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
Founded23-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
59201Sound recording
59203Motion picture, video and television programme production, sound recording and music publishing activities
73300Public relations and communication consultancy
90201Performing arts by independent artists
E-invoicing
Reachable via Peppol
Peppol ID
0208:0799831019
Also
9925:BE0799831019
Registered
05-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.