GERIA
ActiveSummary
GERIA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €363,015 and a net result of €22,691. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 5897 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-5
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.3 against 0.88 in 2023; short-term debt: 4.9% and cash: 7.3% of total assets), and 4.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
95.1%
Return on assets
5.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d early
2022
34 d early
2021
33 d early
2020
29 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€363,015▲ 6.7%
2023 · €340,324
Total assets
€381,647▼ 10.4%
2023 · €425,933
Net result
€22,691▼ 47.2%
2023 · €42,964
Working capital
€24,142
2023 · -€9,927
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
Line20202021202220232024
Operating result€18,784▼ 49.1%€31,195▲ 66.1%€47,866▲ 53.4%€66,985▲ 39.9%€37,592▼ 43.9%
Net result€12,869▼ 46.0%€21,280▲ 65.4%€33,125▲ 55.7%€42,964▲ 29.7%€22,691▼ 47.2%
Equity€242,956▲ 5.6%€264,236▲ 8.8%€297,361▲ 12.5%€340,324▲ 14.4%€363,015▲ 6.7%
Total assets€251,893▲ 7.9%€267,015▲ 6.0%€305,718▲ 14.5%€425,933▲ 39.3%€381,647▼ 10.4%
Debt€8,937▲ 162%€2,779▼ 68.9%€8,358▲ 201%€85,609▲ 924%€18,632▼ 78.2%
Working capital€133,935▲ 15.3%€144,032▲ 7.5%€186,058▲ 29.2%-€9,927€24,142
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 44% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €381,647
Fixed assets
€338,873 ▼ 3.3%
Current assets
€42,774 ▼ 43.5%
Equity and liabilities €381,647
Equity
€363,015 ▲ 6.7%
Debt
€18,632 ▼ 78.2%
Debt's share of the balance-sheet total falls from 20.1% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€90,602▲
2023 · €85,353
Cash flow
€75,701▲
2023 · €61,331
Current ratio
2.30▲
2023 · 0.88
Debt to equity
0.05▼
2023 · 0.25
ROE
6.3%▼
2023 · 12.6%
ROA
5.9%▼
2023 · 10.1%
Interest coverage
803.43▼
2023 · 1902.65
Debt ≤ 1 year
€18,632▼
2023 · €85,580
Income taxes
€15,004▼
2023 · €24,254
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 31,324 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,709 | €12,588 | €13,348 | €18,368 | €53,010 | ▲ 189% |
| Other operating charges640/8 | - | €3,822 | €2,459 | €2,615 | €4,854 | ▲ 85.6% |
| Gross operating margin9900 | €32,968 | €47,606 | €63,673 | €87,968 | €95,457 | ▲ 8.5% |
| Operating profit (loss)9901 | €18,784 | €31,195 | €47,866 | €66,985 | €37,592 | ▼ 43.9% |
| Financial income75/76B | - | €5 | €24 | €277 | €216 | ▼ 22.1% |
| Recurring financial income75 | €4 | €5 | €24 | €277 | €216 | ▼ 22.1% |
| Financial charges65/66B | - | €44 | €101 | €45 | €113 | ▲ 151% |
| Recurring financial charges65 | €42 | €44 | €101 | €45 | €113 | ▲ 151% |
| Profit (loss) for the period before taxes9903 | €18,746 | €31,155 | €47,790 | €67,217 | €37,695 | ▼ 43.9% |
| Income taxes67/77 | €5,877 | €9,876 | €14,665 | €24,254 | €15,004 | ▼ 38.1% |
| Profit (loss) for the period9904 | €12,869 | €21,280 | €33,125 | €42,964 | €22,691 | ▼ 47.2% |
| Profit (loss) for the period to be appropriated9905 | €12,869 | €21,280 | €33,125 | €42,964 | €22,691 | ▼ 47.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €251,893 | €267,015 | €305,718 | €425,933 | €381,647 | ▼ 10.4% |
| Fixed assets21/28 | €109,020 | €120,204 | €111,303 | €350,279 | €338,873 | ▼ 3.3% |
| Tangible fixed assets22/27 | €108,523 | €119,706 | €111,303 | €350,279 | €338,873 | ▼ 3.3% |
| Land and buildings22 | - | €119,706 | €111,303 | €186,968 | €203,409 | ▲ 8.8% |
| Furniture and vehicles24 | - | - | - | €163,311 | €135,463 | ▼ 17.1% |
| Financial fixed assets28 | €498 | €498 | €0 | - | - | - |
| Current assets29/58 | €142,872 | €146,811 | €194,415 | €75,654 | €42,774 | ▼ 43.5% |
| Amounts receivable within one year40/41 | €123 | €2,579 | €16,494 | €28,822 | €14,369 | ▼ 50.1% |
| Trade receivables40 | - | €180 | €12,846 | €13,559 | €12,100 | ▼ 10.8% |
| Other amounts receivable41 | - | €2,399 | €3,648 | €15,263 | €2,269 | ▼ 85.1% |
| Current investments50/53 | - | - | - | - | €539 | - |
| Cash at bank and in hand54/58 | €141,340 | €142,777 | €177,921 | €46,766 | €27,866 | ▼ 40.4% |
| Deferred charges and accrued income490/1 | - | €1,455 | €0 | €65 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €251,893 | €267,015 | €305,718 | €425,933 | €381,647 | ▼ 10.4% |
| Equity10/15 | €242,956 | €264,236 | €297,361 | €340,324 | €363,015 | ▲ 6.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €180,956 | €202,236 | €235,361 | €278,324 | €301,015 | ▲ 8.2% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €196,036 | €229,161 | €272,124 | €294,815 | ▲ 8.3% |
| Amounts payable17/49 | €8,937 | €2,779 | €8,358 | €85,609 | €18,632 | ▼ 78.2% |
| Amounts payable within one year42/48 | €8,937 | €2,779 | €8,358 | €85,580 | €18,632 | ▼ 78.2% |
| Trade debts44 | €5,816 | €417 | €1,914 | €919 | €625 | ▼ 32.0% |
| Suppliers440/4 | - | €417 | €1,914 | €919 | €625 | ▼ 32.0% |
| Taxes, remuneration and social security45 | - | €2,128 | €6,002 | €4,296 | €8,058 | ▲ 87.6% |
| Taxes450/3 | - | €2,128 | €6,002 | €4,296 | €8,058 | ▲ 87.6% |
| Other amounts payable47/48 | - | €234 | €442 | €80,365 | €9,948 | ▼ 87.6% |
| Accrued charges and deferred income492/3 | - | - | - | €29 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,869 | €21,280 | €33,125 | €42,964 | €22,691 | ▼ 47.2% |
| + Depreciation and write-downs630 | €10,709 | €12,588 | €13,348 | €18,368 | €53,010 | ▲ 189% |
| Operating cash flow (approximation) | €23,578 | €33,868 | €46,473 | €61,331 | €75,701 | ▲ 23.4% |
| Investment in fixed assets (approximation) | - | -€23,772 | -€4,447 | -€257,344 | -€41,603 | ▲ 83.8% |
| Change in cash | - | €1,436 | €35,145 | -€131,155 | -€18,900 | ▲ 85.6% |
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
2026
28-07
State Gazette act
Appointment: Geert Kennof (non-statutory director)Resignation: Jan Kennof (non-statutory director) · Reappointment: Geert Kennof (managing director) · Power of attorney7 facts ▸
State Gazette act
Appointment: Geert Kennof (non-statutory director)
Resignation: Jan Kennof (non-statutory director) · Reappointment: Geert Kennof (managing director) · Power of attorney7 facts ▸
- General meeting, 01-07-2026
- Director appointment, Geert Kennof (non-statutory director)
- Director resignation, Jan Kennof (non-statutory director)
- Board meeting, 01-07-2026
- Director reappointment, Geert Kennof (managing director)
- Power of attorney, BV SAM BRONDEEL
- Power of attorney
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 2.30
Current ratio from 0.88 to 2.30; short-term debt falls from €85,580 to €18,632.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €42,964 ▲29.7%
Operating result €66,985, net result €42,964, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 52.83
Current ratio from 15.99 to 52.83; short-term debt falls from €8,937 to €2,779.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €12,869 ▼46%
Net result drops to €12,869, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 35.05
Current ratio from 11.87 to 35.05; short-term debt falls from €7,393 to €3,412.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2026
Board 1
Geert Kennof
CurrentNon-statutory director · since 01-07-2026
Day-to-day management 1
Geert Kennof
CurrentManaging director · since 01-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wetteren · 1 establishment unit since 1994
Ground area
1,752 m²
Building footprint
303 m²
Volume, LiDAR
1,853 m³
Parcel 42025G0671/00F000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zuidlaan 273, 9230 Wetteren
since 19942.069.074.336
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G0671/00F000 | Flanders | 1,752 m² | 1 · 303 m² | 9.6 m · 2 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.
Mandate history
2 people since 2026, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Geert Kennof |
|
| Jan Kennof |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 1,279 companies in sector 81100 we hold annual accounts for 678. 463 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453725715
Also
9925:BE0453725715
Registered
08-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.