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GEOTHERMA

Active
Private limited companyfounded 2008active for 18 yearsBleyveldstraat 6, 3320 Hoegaarden, BelgiumKBO/BCE: BE 0899.156.346
Summary

GEOTHERMA has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of €819,922. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 44% of 6,139 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
GEOTHERMAActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46842Installation of electric heating, air conditioning, cooling and ventilation NACE 43222
3rd largest company by total assets in Hoegaarden, Wholesale and retail trade sector1 site
Size
€15.3mturnover 2025
Staff
21.1 FTE
Equity
€2.3m
Profit
€819,922
Net result +277%: other schema
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
NO2CO2 · 100%
Auditor: Finvision Bedrijfsrevisoren2025 accounts 45 days early2 of 5 deeds summarised
Why 95lowers riskFounded in 2008Profit of €819,922 (financial year 2025)Figures for financial year 2025 (filed 16-03-2026)Size: turnover €15.3m, 21.1 FTE, total assets €5.7mShow the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 46, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 65+9
equity 39.9% of total assets
Liquidity 45+7
short-term debt 26.0% · cash 4.3%
Profitability 77+15
return on assets 14.5%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,373 companies, NACE 46, small)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.6%▲ +0.2 percentage points vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.7%▲ +0.1 percentage points vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.8%▲ +0.1 percentage points vs 12-2025 02-2026: 1.0%▲ +0.2 percentage points vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026highest value 04-2026: 0.3%▼ -0.7 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.1%▼ -0.2 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €210,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.1, compared with 1.62 in 2024, above the usual 1.5; short-term debt: 26% and cash: 4.3% of total assets), but 60.1% of the assets are financed with debt and provisions.
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 46, small): better than 47% on solvency, 53% on liquidity, 76% on profitability and 81% on growth.

The bankruptcy probability was computed on 24-10-2026 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

Five signals.
lowers riskneutral
lowers risk · Founded in 2008
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Profit of €819,922 (financial year 2025)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 16-03-2026)
NBB · annual accounts
lowers risk · Size: turnover €15.3m, 21.1 FTE, total assets €5.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-03-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 days early
2024
33 days early
2023
40 days early
2022
25 days early
2021
32 days early
2020
30 days early
2019
48 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 36 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 28 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end25-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Equity above €2mequity €2.3m ▲19.3%
  3. Appointment: Finvision Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Stijn Verhoeven

Key points

  • Positive: Result rose in 2025different schema filed ▲ 277% View
  • Positive: 3rd largest company by total assets in Hoegaarden, Wholesale and retail trade…in the Checked rankings No. 3 View
  • Controlled by NO2CO2 100% View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
  • Positive: 7 profitable years in a rowprofit 2025: €819,922 7 years View

By topic

Financials

Financial year
2025
Turnover
€15.3m
Profit
€819,922
Solvency
39.9%
Go to Financials

Timeline

Events
24
Since
2010
Next accounts
by 30-04-2027
  1. 28-03-2025Annual accounts filed
  2. 30-09-2024Weakest financial year
  3. 14-06-2024Registered office
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale tradeNACE 46842
Founded
07-07-2008
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Key facts about GEOTHERMA

What is the company number of GEOTHERMA?
0899.156.346. In Belgium the VAT number is the company number with BE in front: BE 0899.156.346.
Where is GEOTHERMA based?
The registered office is at Bleyveldstraat 6, 3320 Hoegaarden.Company details
What does GEOTHERMA do?
According to the KBO register, the main activity is wholesale trade (NACE 46842).
What is the legal form of GEOTHERMA?
Private limited company (BV).
When was GEOTHERMA founded?
On 07-07-2008.
Is GEOTHERMA still active?
Yes, GEOTHERMA is an active enterprise in the KBO register.
How many employees does GEOTHERMA have?
On average 21.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of GEOTHERMA?
€15.3m in financial year 2025, according to the filed annual accounts.
Is GEOTHERMA profitable?
In financial year 2025, GEOTHERMA made a profit of €819,922.
Where can I find the annual accounts of GEOTHERMA?
GEOTHERMA filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GEOTHERMA due?
By 30-04-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies

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