Equity
gEUS. paid out €100,000 in dividends. That is 168% of the 2025 profit.
gEUS. paid out €100,000 in dividends. That is 168% of the 2025 profit.
The last five annual accounts were filed 34 to 128 days before the end of the period.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 51% of them on solvency, 26% on liquidity, 41% on profitability and 31% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
Liquidity is tight, with a current ratio of 1.37 (1.28 in 2024), below the usual 1.5. Short-term debt is 16.9% and cash 0.4% of total assets. 44.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 62 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| gEUS. Herent | €1.0m | €93,157 | 55.5% | - |
| Dellco Herent | €1.2m | €97,444 | 58.0% | - |
| DMI Halle | €0.9m | €98,226 | 92.1% | - |
| TPC Leadership Belgium Tervuren | €0.9m | €94,544 | 80.3% | 0.8 |
| Melfin Medical Consulting Hoegaarden | €1.2m | €105,141 | 27.8% | - |
| MADEWA Tremelo | €1.1m | €112,854 | 96.4% | - |
| Merlion Investments Overijse | €0.9m | €100,460 | 97.5% | - |
These companies have the same main activity as gEUS.: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €859,000 and €1.2m, founded between 2013 and 2016.
gEUS. files the micro format. That format states no turnover. The gross margin rose from €22,492 in 2015 to €93,157 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €140,000 and €240,000.
Higher than 50% of 39,364 companies in 2025.
Higher than 36% of 38,048 companies in 2025.
Higher than 33% of 38,520 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
1.0m | 1.1m | 1.2m | 1.2m | 978,177 | 1.1m | 1.1m | 764,430 | 330,723 | 237,744 | 227,644 | |
21/28 |
772,227 | 781,406 | 788,787 | 791,417 | 744,855 | 922,923 | 921,884 | 611,895 | 272,130 | 193,718 | 190,000 | |
22/27 |
149,928 | 159,107 | 166,489 | 169,119 | 126,476 | 3,984 | 7,532 | 6,191 | 11,748 | 3,718 | - | |
22 |
148,549 | 154,566 | 160,584 | 161,149 | 121,969 | - | - | - | - | - | - | |
23 |
1,379 | 4,541 | 5,905 | 6,701 | - | 1,555 | 3,533 | 2,770 | 5,186 | 3,718 | - | |
24 |
- | - | 0 | 1,269 | 4,507 | 2,429 | 3,999 | 3,421 | 6,562 | - | - | |
28 |
622,299 | 622,299 | 622,299 | 622,299 | 618,379 | 918,939 | 914,352 | 605,704 | 260,382 | 190,000 | 190,000 | |
29/58 |
232,549 | 294,964 | 366,066 | 375,178 | 233,322 | 192,933 | 185,635 | 152,535 | 58,593 | 44,026 | 37,644 | |
40/41 |
228,062 | 291,523 | 361,250 | 254,770 | 184,952 | 192,197 | 169,987 | 139,223 | 12,250 | 14,170 | 4,376 | |
40 |
0 | 17,762 | 25,325 | 22,950 | 18,884 | - | 20,286 | - | 12,155 | 14,170 | 4,356 | |
41 |
228,062 | 273,761 | 335,925 | 231,821 | 166,068 | 192,197 | 149,702 | 139,223 | 96 | - | 20 | |
54/58 |
4,377 | 676 | 3,514 | 119,081 | 47,649 | 736 | 15,648 | 13,312 | 46,342 | 29,856 | 33,268 | |
490/1 |
110 | 2,764 | 1,302 | 1,326 | 722 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
1.0m | 1.1m | 1.2m | 1.2m | 978,177 | 1.1m | 1.1m | 764,430 | 330,723 | 237,744 | 227,644 | |
10/15 |
558,020 | 598,365 | 611,343 | 501,469 | 349,870 | 276,011 | 248,420 | 156,579 | 80,599 | 36,547 | 31,676 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
539,420 | 579,765 | 592,743 | 482,869 | 331,270 | 257,411 | 229,820 | 137,979 | 61,999 | 17,947 | 13,076 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
132 |
19,768 | 19,768 | 19,768 | 19,768 | 19,768 | 21,131 | 21,131 | 20,742 | 20,426 | 2,400 | - | |
133 |
517,792 | 558,137 | 571,115 | 461,241 | 309,642 | 234,420 | 206,829 | 115,377 | 39,713 | 13,687 | 11,216 | |
14 |
0 | 0 | 0 | - | - | - | - | - | - | - | - | |
17/49 |
446,756 | 478,005 | 543,510 | 665,126 | 628,307 | 839,845 | 859,099 | 607,851 | 250,124 | 201,197 | 195,968 | |
17 |
273,534 | 244,538 | 355,685 | 469,831 | 564,307 | 767,196 | 767,315 | 463,197 | 182,807 | 134,087 | 145,172 | |
170/4 |
273,534 | 244,538 | 355,685 | 405,749 | 455,862 | 689,000 | 704,403 | 463,197 | 182,807 | 134,087 | 145,172 | |
178/9 |
- | - | 0 | 64,082 | 108,444 | 78,196 | 62,912 | - | - | - | - | |
42/48 |
169,812 | 230,317 | 186,050 | 192,469 | 61,194 | 67,303 | 83,373 | 141,473 | 65,847 | 66,027 | 50,796 | |
42 |
31,004 | 111,147 | 50,064 | 140,113 | 38,595 | 33,741 | 33,019 | 32,634 | 11,791 | 11,590 | 10,894 | |
43 |
10,439 | 0 | 55,000 | 33,467 | 10,000 | 13,709 | 13,686 | 12,500 | - | - | - | |
430/8 |
10,439 | 0 | 55,000 | 33,467 | 10,000 | 13,709 | 13,686 | 12,500 | - | - | - | |
44 |
7,803 | 1,736 | 2,648 | 4,029 | 1,096 | 2,841 | 2,121 | 1,101 | 2,310 | 3,592 | 636 | |
440/4 |
7,803 | 1,736 | 2,648 | 4,029 | 1,096 | 2,841 | 2,121 | 1,101 | 2,310 | 3,592 | 636 | |
45 |
20,567 | 17,435 | 17,359 | 11,949 | 11,504 | 14,866 | 17,369 | 29,643 | 16,229 | 17,095 | 8,355 | |
450/3 |
20,567 | 17,435 | 17,359 | 11,949 | 11,504 | 14,866 | 17,369 | 29,643 | 16,229 | 17,095 | 8,355 | |
47/48 |
100,000 | 100,000 | 60,979 | 2,911 | - | 2,146 | 17,177 | 65,595 | 35,516 | 33,751 | 30,912 | |
492/3 |
3,410 | 3,150 | 1,775 | 2,827 | 2,806 | 5,346 | 8,411 | 3,181 | 1,470 | 1,083 | - | |
| Income statement | ||||||||||||
76A |
0 | 7,140 | 42 | - | 826 | - | - | - | - | - | - | |
9900 |
93,157 | 121,183 | 238,091 | 209,834 | 125,306 | 48,242 | 158,735 | 121,436 | 68,951 | 15,244 | 22,492 | |
630 |
9,179 | 9,338 | 10,172 | 7,861 | 18,691 | 3,548 | 5,471 | 6,827 | 6,404 | 1,859 | - | |
640/8 |
1,827 | 1,447 | 1,211 | 1,452 | 910 | 1,514 | 867 | 810 | 919 | 628 | 143 | |
66A |
- | - | - | - | 1,232 | - | - | - | - | - | - | |
9901 |
82,151 | 110,398 | 226,708 | 200,520 | 104,472 | 43,180 | 152,397 | 113,799 | 61,629 | 12,757 | 22,349 | |
75/76B |
12,362 | 17,400 | 14,227 | 11,112 | 10,045 | 10,444 | 8,841 | 6,996 | 437 | 26 | 3 | |
75 |
12,362 | 17,400 | 14,227 | 11,112 | 10,045 | 10,444 | 8,841 | 6,996 | 437 | 26 | 3 | |
65/66B |
12,664 | 10,536 | 11,822 | 12,622 | 15,048 | 16,046 | 13,379 | 9,578 | 3,882 | 4,701 | 1,058 | |
65 |
12,664 | 10,536 | 11,822 | 12,622 | 14,763 | 16,046 | 13,379 | 9,578 | 3,882 | 4,701 | 1,058 | |
66B |
- | - | - | - | 286 | - | - | - | - | - | - | |
9903 |
81,849 | 117,262 | 229,112 | 199,010 | 99,469 | 37,578 | 147,859 | 111,217 | 58,184 | 8,081 | 21,294 | |
67/77 |
22,194 | 30,241 | 59,239 | 47,410 | 25,611 | 9,186 | 40,019 | 34,436 | 14,132 | 3,210 | 8,217 | |
9904 |
59,655 | 87,022 | 169,874 | 151,600 | 73,858 | 28,392 | 107,840 | 76,781 | 44,052 | 4,871 | 13,076 | |
789 |
- | - | - | - | 1,363 | - | - | - | 1,037 | - | - | |
689 |
- | - | - | - | - | - | 389 | 316 | 19,063 | 2,400 | - | |
9905 |
59,655 | 87,022 | 169,874 | 151,600 | 75,221 | 28,392 | 107,452 | 76,464 | 26,026 | 2,471 | 13,076 | |
| Appropriation of the result | ||||||||||||
9906 |
59,655 | 87,022 | 169,874 | 151,600 | 75,221 | 28,392 | 107,452 | 76,464 | 26,026 | 2,471 | 13,076 | |
791/2 |
40,345 | 12,978 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | 0 | 109,874 | 151,600 | 75,221 | 27,592 | 91,452 | 75,664 | 26,026 | 2,471 | 13,076 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | 0 | 109,874 | 151,600 | 75,221 | 27,592 | 91,452 | 75,664 | 26,026 | 2,471 | 11,216 | |
694/7 |
100,000 | 100,000 | 60,000 | - | - | 800 | 16,000 | 800 | - | - | - | |
694 |
100,000 | 100,000 | 60,000 | - | - | 800 | 1,000 | 800 | - | - | - | |
695 |
- | - | - | - | - | - | 15,000 | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 25-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-03-2026 | 2026-00069803 | |
| 31-12-2024 | micro format | 12-06-2025 | 2025-00166010 | |
| 31-12-2023 | micro format | 25-03-2024 | 2024-00048767 | |
| 31-12-2022 | abbreviated format | 27-06-2023 | 2023-00186800 | |
| 31-12-2021 | abbreviated format | 17-06-2022 | 2022-20070383 | |
| 31-12-2020 | abbreviated format | 30-06-2021 | 2021-27600558 | |
| 31-12-2019 | abbreviated format | 10-07-2020 | 2020-28600199 | |
| 31-12-2018 | abbreviated format | 28-06-2019 | 2019-25700477 | |
| 31-12-2017 | abbreviated format | 06-07-2018 | 2018-31100250 | |
| 31-12-2016 | abbreviated format | 19-06-2017 | 2017-18600413 | |
| 31-12-2015 | abbreviated format | 23-06-2016 | 2016-21900527 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 91,330 | 119,736 | 236,880 | 208,381 | 123,164 | 46,728 | 157,868 | 120,626 | 68,032 | 14,616 | - | ||
| 68,834 | 96,360 | 180,046 | 159,461 | 92,550 | 31,940 | 113,312 | 83,608 | 50,455 | 6,730 | - | ||
| 0 | 1,957 | 9,327 | 54,424 | 142,601 | 4,587 | 315,461 | 346,592 | 85,853 | 5,577 | 190,000 | ||
| 3,700 | -2,837 | -115,568 | 71,433 | 46,912 | -14,911 | 2,335 | -33,030 | 16,486 | -3,412 | - | ||
| 62,737 | 64,647 | 180,016 | 182,709 | 172,128 | 125,630 | 102,262 | 11,063 | -7,255 | -22,002 | -13,152 | ||
| 55.5% | 55.6% | 52.9% | 43.0% | 35.8% | 24.7% | 22.4% | 20.5% | 24.4% | 15.4% | 13.9% | ||
| 1.37 | 1.28 | 1.97 | 1.95 | 3.81 | 2.87 | 2.23 | 1.08 | 0.89 | 0.67 | 0.74 | ||
| 0.80 | 0.80 | 0.89 | 1.33 | 1.80 | 3.04 | 3.46 | 3.88 | 3.10 | 5.51 | 6.19 | ||
| 10.7% | 14.5% | 27.8% | 30.2% | 21.1% | 10.3% | 43.4% | 49.0% | 54.7% | 13.3% | 41.3% | ||
| 5.9% | 8.1% | 14.7% | 13.0% | 7.6% | 2.5% | 9.7% | 10.0% | 13.3% | 2.0% | 5.7% | ||
| 7.21 | 11.36 | 20.04 | 16.51 | 8.34 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €284,763 | €109,682 |
| Debts guaranteed by Belgian public bodies | - | - | - | €90,077 | €117,136 |
| Mortgages, amount registered | €125,000 | €125,000 | €125,000 | €131,250 | €131,250 |
| €112,156 | €112,156 | €112,156 | €112,156 | €209,000 | |
| Carrying value of the mortgaged assets | €148,549 | €154,566 | €160,584 | €161,149 | €121,969 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,957 | €9,327 | €50,504 | €142,601 |
| Financial fixed assets | - | - | - | €3,920 | - |
| €9,179 | €9,338 | €10,172 | €7,861 | €18,691 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 26% lower than in 2024 and the lowest since 2020. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 44.4% to 44.5%. Equity and debt are lower.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| Hillewaere Insurance
establishment since 01-07-2026 · founded in 2007 · group Hillewaere Group Belgium |
157 FTE (2025) 0891.695.561 |
| Plan M
registered office since 01-01-1984 · founded in 1983 |
total assets €1.9m (2025) 0425.987.376 |
| MOLAAR
registered office since 21-06-2021 · founded in 2021 |
2.4 FTE (2025) 0769.924.929 |
| Machinified
establishment since 11-05-2021 · founded in 2021 |
3.9 FTE (2025) 0768.329.476 |
| Legacy Dockx
establishment since 30-12-1999 · founded in 1999 |
total assets €1.3m (2025) 0466.863.374 |
| Herfort
registered office since 29-05-2019 · founded in 2019 |
12 FTE (2025) 0727.599.770 |
| ibis.ai
establishment since 01-02-2026 · founded in 2019 |
total assets €1.2m (2026) 0718.753.469 |
| BOULDER
registered office since 21-05-2015 · founded in 2015 |
total assets €984,551 (2025) 0630.781.694 |
| RCR, studiebureau speciale technieken
registered office since 01-06-2014 · founded in 2014 |
6.8 FTE (2025) 0553.491.502 |
| tReconnect
registered office since 10-10-2006 · founded in 2006 |
total assets €672,360 (2025) 0883.549.739 |
Source for every holding own accounts 2025
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Persilstraat 51 registered office 3020 Herent | ||
| Wolvendreef 77 3210 Lubbeek | 05-02-2015 | 2.239.051.592 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24423H0194/00Z000 | 1.2 ha | 1 · 4,651 m² | 34.7 m · 7 |
| 24063B0324/00K005 | 303 m² | 1 · 79 m² | 10.8 m · 3 |
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