Equity
€2.1m from €6.8m in 2023
Equity fell by 69% in 2 years.
GEOS Laboratories – site Wellen
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €4.8m (2021)
€4.2m▲ 12.8%
peak €2.6m (2021)
€660,887▼ 20.4%
peak €6.8m (2023)
€2.1m▲ 8.4%
€3.2m▼ 30.9%
peak 39.5 FTE (2025)
39.5 FTE▲ 13.5%
Board8 names since 2018
1 directorGEOS
Owners
Documentsfilings and deeds
05-10-202666 days late
2025financial year
Gross margin from €3.7m to €4.2mStaff from 34.8 FTE to 39.5 FTE1 director appointed, 4 resignations 17-03Dividend €500,000Debts from €4.6m to €3.2mCash from €1.4m to €837,788
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 55% of small companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 689 companies (NACE 71, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 66 days late; 2 of the last 3 accounts late
lowers risk
Size: 39.5 FTE, total assets €5.3m
Founded in 2000
Profit of €660,887 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 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 71, small). It does better than 48% of them on solvency, 32% on liquidity, 80% on profitability and 60% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as GEOS Laboratories – site Wellen has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of GEOS Laboratories – site Wellen itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for GEOS Laboratories – site Wellen. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €190,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.75 (0.82 in 2024), below 1. Short-term debt is 57.8% and cash 15.8% of total assets. 60.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 66 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-10-2026, 66 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
66 days late
2024
27 days early
2023
55 days late
2022
60 days late
2021
60 days late
2020
90 days late
2019
102 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 58 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GEOS 100%equity €8.3m (2026) · 31-03-2026 annual accounts of GEOS
- SOERS 100%score 95equity €1.0m (2026) · deed of 12-11-2024
Shares in 2 companies, GEOS Laboratories - site Herstal and Geos Laboratories France
Board & ownershipRecent changes
1 director appointed, 4 resignations
Resignations: Soers NV, Peter Maes, Tony Neven and Lucas Scholtis · Appointment: Geos · Permanent representative: Jan Soers · General meeting of 16-01-2025 · Gazette deed
Company renamed from GEOS to GEOS Laboratories – site Wellen
Resignations: Hendricus JAEKEN (director) and Karel MERTENS (director) · Reappointments: SOERS, Peter MAES, Tony NEVEN and Lucas SCHOLTIS · Permanent representative: Jan SOERS · Gazette deed
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Wellen
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw of aanleggen, Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen · Wellen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GEOS Laboratories – site Wellen Wellen | €5.3m | €4.2m | 39.5% | 39.5 |
| WFRGENT Ghent | €5.3m | €3.6m | 75.1% | 45.3 |
| KANIGEN WORKS BENELUX Genk | €5.4m | €4.1m | 16.9% | 36.8 |
| Centre technologique international de la Terre et de la Pierre Tournai | €8.0m | €4.1m | 76.4% | 43.4 |
| D- TEK Mons | €7.7m | €3.8m | 51.1% | 27.7 |
| LABO DERVA Heusden-Zolder | €6.4m | €2.8m | 77.2% | 27.4 |
| CELABOR Herve | €5.9m | €7.3m | 26.6% | 52.2 |
These companies have the same main activity as GEOS Laboratories – site Wellen: other technical testing and analysis (NACE 71209). They are comparable in size and age: total assets between €5.3m and €8m, founded between 1983 and 2004.
Official details
Source: KBO- Status
- Active since 01-12-2000Normal situation
- Activity
- Other technical testing and analysisNACE 71209
- Joint committees
- 207White-collar workers in the chemical industry
- 116Chemical industry · annual accounts 2025
- Establishment unit
- 2.228.651.5113830 Wellen, since 30-11-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 08-04-2022
Annual accounts 2025
- ≈ €7.3mestimated
- €5.3m▼ 19.4%
- Employeeson 31-12-2025
- 42▲ 2.4%
- Filing
- Filed on 05-10-2026
Insights on GEOS Laboratories – site Wellen
GEOS Laboratories – site Wellen has existed since 2000. The gross margin grew from €1.1m in 2006 to €4.2m in 2025 and staff from 14.9 to 39.5 full-time equivalents.
Solvency rose in 2025 from 29.4% to 39.5% because of lower debts.
GEOS holds all the shares. In December 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GEOS Laboratories – site Wellen
- What is the company number of GEOS Laboratories – site Wellen?
- The company number of GEOS Laboratories – site Wellen is 0473.407.708. The VAT number is the same number with BE in front: BE 0473.407.708.
- Where is GEOS Laboratories – site Wellen based?
- The registered office is at Hertenstraat 30, 3830 Wellen.Company details
- What does GEOS Laboratories – site Wellen do?
- According to the KBO register, the main activity is other technical testing and analysis (NACE 71209).
- What is the legal form of GEOS Laboratories – site Wellen?
- GEOS Laboratories – site Wellen is a public limited company (NV).
- When was GEOS Laboratories – site Wellen founded?
- GEOS Laboratories – site Wellen was founded on 01-12-2000.
- Is GEOS Laboratories – site Wellen still active?
- Yes, GEOS Laboratories – site Wellen is an active enterprise in the KBO register.
- How many employees does GEOS Laboratories – site Wellen have?
- GEOS Laboratories – site Wellen had an average of 39.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GEOS Laboratories – site Wellen fall under?
- In its 2025 annual accounts, GEOS Laboratories – site Wellen states joint committees 207 (White-collar workers in the chemical industry) and 116 (Chemical industry).
- What is the turnover of GEOS Laboratories – site Wellen?
- The turnover in financial year 2025 is ≈ €7.3m. This figure is estimated from the gross margin of €4.2m and 1,585 comparable companies of the same size. It probably lies between €4.9m and €12.0m. It is a rough estimate.
- Is GEOS Laboratories – site Wellen profitable?
- In financial year 2025, GEOS Laboratories – site Wellen made a profit of €660,887.
- Where can I find the annual accounts of GEOS Laboratories – site Wellen?
- GEOS Laboratories – site Wellen filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GEOS Laboratories – site Wellen due?
- GEOS Laboratories – site Wellen must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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