Geothermal Innovation & Services

Active

Public limited companyfounded 2022active for 4 yearsVooruitgangstraat 189, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0785.574.789

Summary

Geothermal Innovation & Services has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €372,953 and a net result of €22,292. Equity is growing by about 7.9% per year across the filed financial years. Its solvency ranks better than 52% of 349 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

Geothermal Innovation & ServicesActiveChecked score 91/100

Risk analysis Report Compare

Activity

Electricity, gas, steam and air conditioning supply

NACE 35300

1 site

Size

≈ €320,000turnover 2025, estimated

Equity: €372,953
Profit: €22,292

Turnover estimated from the gross margin

Financial health

91 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

Parent: GROEP VAN ROEY nv

RisasoNDirector · permanent representative Rik Neckebroeck

Auditor: Ernst et Young Reviseurs d'Entreprises2025 accounts filed 53 days late1 of 2 deeds summarised

Why 91raises riskLast filed accounts filed 53 days late; 2 of the last 3 latelowers riskSize: total assets €1.3mLiquidity: current ratio 2.90, cash €381,151Sector: Electricity, gas, steam and air conditioning supply (NACE 35)Show the evidence

Checked score

Score 2025

91 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 58% of its sector peers (NACE 35, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 55+1

equity 29.5% of total assets

Liquidity 87+10

short-term debt 11.1% · cash 30.2%

Profitability 44+5

return on assets 1.8%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (541 companies, NACE 35, micro)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.3%▲ +0.1 percentage points vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.1%▼ -0.2 percentage points 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 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 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: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026 09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -0.2 percentage points vs 09-2026

Credit of up to €30,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.9, compared with 2.62 in 2024, above the usual 1.5; short-term debt: 11.1% and cash: 30.2% of total assets), but 70.5% 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 35, micro): better than 43% on solvency, 81% on liquidity, 41% on profitability and 65% on growth.

The bankruptcy probability was computed on 29-10-2026 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 riskraises risk

Last filed accounts filed 53 days late; 2 of the last 3 late

NBB · filings

Size: total assets €1.3m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 2.90, cash €381,151

NBB · annual accounts

Sector: Electricity, gas, steam and air conditioning supply (NACE 35)

KBO

2025 accounts filed 53 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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 · 4 filings

Deviation from the deadline

2025

53 days late

2024

21 days early

2023

77 days late

2022

9 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 30 days after the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)

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 31 August (3 of the last 4 filed years within 47 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since incorporation in 2022.

KBO publications · our coverage

22-09-2026 Annual accounts filedfinancial year 2025 · full…
10-07-2025 Annual accounts filedfinancial year 2024 · abbreviated…
16-10-2024 Annual accounts filedfinancial year 2023 · abbreviated…

Key points

Controlled by GROEP VAN ROEY nvknown shareholders 99.99% parent View
One director decidessole director in office 1 View
Total assets 20254 financial years filed €1.3m View

By topic

Financials

Financial year: 2025
Total assets: €1.3m
Profit: €22,292
Solvency: 29.5%

Total assets▲ 5.8%

Net result

20222025

Go to Financials

Board & ownership

Board: 1 member
Parent: GROEP VAN ROEY nv
Known shareholders: 99.99%
Auditor: Ernst et Young Reviseurs…

RisasoNDirector

Go to Board & ownership

Network & group

Group: Vlaamse Maatschappij voor Watervoorziening

Go to Network & group

Timeline

Events: 6
Since: 2023
Next accounts: by 31-07-2027

12-07-2024Resignation: PG Consulting BV (bestuurder categorie c)
31-12-2023Back to profit
09-08-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Electricity, gas, steam and air conditioning supplyNACE 35300
Founded: 29-04-2022
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about Geothermal Innovation & Services

What is the company number of Geothermal Innovation & Services?: 0785.574.789. In Belgium the VAT number is the company number with BE in front: BE 0785.574.789.
Where is Geothermal Innovation & Services based?: The registered office is at Vooruitgangstraat 189, 1030 Schaarbeek.Company details
What does Geothermal Innovation & Services do?: According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35300).
What is the legal form of Geothermal Innovation & Services?: Public limited company (NV).
When was Geothermal Innovation & Services founded?: On 29-04-2022.
Is Geothermal Innovation & Services still active?: Yes, Geothermal Innovation & Services is an active enterprise in the KBO register.
What is the turnover of Geothermal Innovation & Services?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is Geothermal Innovation & Services profitable?: In financial year 2025, Geothermal Innovation & Services made a profit of €22,292.
Where can I find the annual accounts of Geothermal Innovation & Services?: Geothermal Innovation & Services filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Geothermal Innovation & Services due?: By 31-07-2027, for financial year 2026.Timeline