GERONIKA
ActiveSummary
GERONIKA has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.84M and a net result of €841k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+39
Solvency60▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.08 in 2023; short-term debt: 38.6% and cash: 7.3% of total assets), and 64.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
35.2%
Return on assets
16.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day 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 · 10 filingsDeviation from the deadline
2024
1 d late
2023
2 d late
2022
7 d late
2021
43 d late
2020
22 d late
2019
14 d late
2018
2 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.84M▲ 84.4%
2023 · €996k
2019: €767k
2020: €996k
2021: €993k
2022: €937k
2023: €996k
2019 → 2024
Total assets
€5.21M▲ 17.7%
2023 · €4.43M
2019: €4.59M
2020: €4.72M
2021: €4.88M
2022: €4.65M
2023: €4.43M
2019 → 2024
Net result
€841k▲ 1,332%
2023 · €59k
2019: €166k
2020: €229k
2021: €297k
2022: €70k
2023: €59k
2019 → 2024
Working capital
€797k▲ 440%
2023 · €148k
2019: €178k
2020: €442k
2021: €363k
2022: €253k
2023: €148k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€996k-€993k▼ 0.3%€937k▼ 5.6%€996k▲ 6.3%€1.84M▲ 84.4%
Operating result€363k-€436k▲ 20.1%€186k▼ 57.3%€159k▼ 14.6%€1.31M▲ 725%
Net result€229k-€297k▲ 29.5%€70k▼ 76.5%€59k▼ 16.0%€841k▲ 1,332%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 725% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.21M
Fixed assets
€2.40M ▼ 0.8%
Current assets
€2.81M ▲ 40.0%
Equity and liabilities €5.21M
Equity
€1.84M ▲ 84.4%
Debt
€3.38M ▼ 1.7%
Debt's share of the balance-sheet total falls from 77.5% to 64.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.63M▲
2023 · €363k
Cash flow
€1.16M▲
2023 · €263k
Current ratio
1.40▲
2023 · 1.08
Quick ratio
0.67▲
2023 · 0.30
Debt to equity
1.84▼
2023 · 3.45
ROE
45.8%▲
2023 · 5.9%
ROA
16.1%▲
2023 · 1.3%
Interest coverage
8.15▲
2023 · 3.49
Debt ≤ 1 year
€2.01M▲
2023 · €1.86M
Debt > 1 year
€1.36M▼
2023 · €1.56M
Income taxes
€320k▲
2023 · €30k
Staff costs
€3.68M▲
2023 · €2.02M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.43M€5.21M▲
Fixed assets21/28€2.42M€2.40M▼
Tangible fixed assets22/27€2.41M€2.33M▼
Land and buildings22€1.88M€1.78M▼
Plant, machinery and equipment23€198k€143k▼
Furniture and vehicles24€316k€405k▲
Other tangible fixed assets26€9k€4k▼
Financial fixed assets28€17k€74k▲
Current assets29/58€2.01M€2.81M▲
Stocks and contracts in progress3€1.45M€1.47M▲
Stocks30/36€1.45M€1.47M▲
Amounts receivable within one year40/41€376k€796k▲
Trade receivables40€376k€796k▲
Other amounts receivable41-€198
Cash at bank and in hand54/58€133k€381k▲
Deferred charges and accrued income490/1€43k€160k▲
Equity and liabilities
Total equity and liabilities10/49€4.43M€5.21M▲
Equity10/15€996k€1.84M▲
Contributions10/11€85k€85k=
Capital10€85k€85k=
Issued capital100€85k€85k=
Reserves13€911k€1.75M▲
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Distributable reserves133€903k€1.74M▲
Amounts payable17/49€3.43M€3.38M▼
Amounts payable after more than one year17€1.56M€1.36M▼
Financial debts170/4€1.56M€1.36M▼
Amounts payable within one year42/48€1.86M€2.01M▲
Current portion of amounts payable after more than one year42€288k€382k▲
Financial debts43€600k€174k▼
Credit institutions430/8€600k€174k▼
Trade debts44€734k€774k▲
Suppliers440/4€734k€774k▲
Taxes, remuneration and social security45€236k€661k▲
Taxes450/3€57k€661k▲
Remuneration and social security454/9€179k-
Other amounts payable47/48-€20k
Accrued charges and deferred income492/3€18k€9k▼
Income statement
Code20232024
Remuneration, social security and pensions62€2.02M€3.68M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€204k€316k▲
Other operating charges640/8€20k€36k▲
Gross operating margin9900€2.41M€5.34M▲
Operating profit (loss)9901€159k€1.31M▲
Financial income75/76B€34k€50k▲
Recurring financial income75€34k€50k▲
Financial charges65/66B€104k€200k▲
Recurring financial charges65€104k€200k▲
Profit (loss) for the period before taxes9903€89k€1.16M▲
Income taxes67/77€30k€320k▲
Profit (loss) for the period9904€59k€841k▲
Transfer from tax-exempt reserves789€71k-
Profit (loss) for the period to be appropriated9905€130k€841k▲
Appropriation of the result
Profit (loss) to be appropriated9906€130k€841k▲
Transfer to equity691/2€130k€841k▲
To the legal reserve6920-€841k
To other reserves6921€130k-
Social balance
Average headcount (FTE)908732.534.9▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 1 day late
2024
31-12
Financial
Highest result since 2019net €841k ▲1332%
Operating result €1.31M, net result €841k, both a record.
31-12
Financial
Equity above €1MEq €1.84M ▲84.4%
6 profitable years in a row build equity to €1.84M.
02-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
30-06
Financial
Weakest financial yearnet €59k ▼16%
Net result drops to €59k, the lowest in the series; recovery starts the following year.
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 43 days late
2021
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 22 days late
2020
14-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2019
02-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 103 days late
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 126 days late
2015
09-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Malle · 1 establishment unit since 1985
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Antwerpsesteenweg 146 C2390 MalleGround area
4,013 m²
Building footprint
4,001 m²
Volume, LiDAR
20,995 m³
Parcel 11049A0324/00P003, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Antwerpsesteenweg 146, 2390 Malle
since 19852.102.547.650
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049A0324/00P003 | Flanders | 4,013 m² | 1 · 4,001 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 671 EUR awarded · 176 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 569 EUR | 74 EUR |
| 2024 | 1 | 102 EUR | 102 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
894500R13JHAPZG58207
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YMG ELECTRO
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ELECTRO CHALLENGE
BE 0438.887.089
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Of 1,510 companies in sector 47540 we hold annual accounts for 805. 407 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-12-1985
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.