Geuvers
ActiveSummary
Geuvers has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.46M and a net result of €32k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 59% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-13
Solvency76▼-3
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 2.2 in 2023; short-term debt: 43% and cash: 9.8% of total assets), and 49.5% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
50.5%
Return on assets
1.1%
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 30-09-2025, 61 days 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
2025
not confirmed
2024
61 d late
2023
on the day
2022
31 d late
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, abbreviated schema
Equity
€1.46M▼ 7.4%
2023 · €1.58M
Total assets
€2.89M▼ 1.8%
2023 · €2.95M
Net result
€32k▼ 8.1%
2023 · €34k
Working capital
€1.50M▼ 1.3%
2023 · €1.52M
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€106k▼ 17.7%€96k▼ 9.7%€48k▼ 49.7%€73k▲ 52.6%€89k▲ 21.7%
Net result€53k▼ 18.7%€46k▼ 14.1%€27k▼ 40.2%€34k▲ 25.0%€32k▼ 8.1%
Equity€1.54M▼ 3.5%€1.52M▼ 1.4%€1.54M▲ 1.8%€1.58M▲ 2.2%€1.46M▼ 7.4%
Total assets€2.99M▼ 12.1%€3.06M▲ 2.5%€2.75M▼ 10.0%€2.95M▲ 7.0%€2.89M▼ 1.8%
Debt€1.38M▼ 20.5%€1.47M▲ 6.9%€1.14M▼ 22.7%€1.30M▲ 13.9%€1.43M▲ 10.5%
Working capital€1.56M▼ 10.9%€1.45M▼ 6.8%€1.49M▲ 2.5%€1.52M▲ 2.2%€1.50M▼ 1.3%
Staff (FTE)29.6▼ 9.5%27.4▼ 7.4%24.9▼ 9.1%24.9=23.1▼ 7.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 22% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.89M
Fixed assets
€150k ▼ 9.1%
Current assets
€2.74M ▼ 1.4%
Equity and liabilities €2.89M
Equity
€1.46M ▼ 7.4%
Provisions
€0 ▼ 100%
Debt
€1.43M ▲ 10.5%
Debt's share of the balance-sheet total rises from 44.0% to 49.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€134k▲
2023 · €114k
Cash flow
€76k▲
2023 · €74k
Current ratio
2.21▲
2023 · 2.20
Quick ratio
1.02▼
2023 · 1.02
Debt to equity
0.98▲
2023 · 0.82
ROE
2.2%▼
2023 · 2.2%
ROA
1.1%▼
2023 · 1.2%
Interest coverage
2.34▼
2023 · 3.99
Debt ≤ 1 year
€1.24M▼
2023 · €1.26M
Debt > 1 year
€189k▲
2023 · €33k
Income taxes
€14k▼
2023 · €16k
Staff costs
€1.54M▼
2023 · €1.58M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €73k | - |
| Remuneration, social security and pensions62 | - | €1.56M | €1.46M | €1.58M | €1.54M | ▼ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76k | €41k | €45k | €40k | €45k | ▲ 11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €43k | - | - |
| Other operating charges640/8 | - | €13k | €14k | €12k | €40k | ▲ 231% |
| Non-recurring operating charges66A | - | - | - | - | €67k | - |
| Gross operating margin9900 | €1.86M | €1.71M | €1.56M | €1.75M | €1.78M | ▲ 1.7% |
| Operating profit (loss)9901 | €106k | €96k | €48k | €73k | €89k | ▲ 21.7% |
| Financial income75/76B | - | €14k | €14k | €6k | €14k | ▲ 135% |
| Recurring financial income75 | €12k | €14k | €14k | €6k | €14k | ▲ 135% |
| Financial charges65/66B | - | €29k | €18k | €28k | €57k | ▲ 101% |
| Recurring financial charges65 | €30k | €29k | €18k | €28k | €57k | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €88k | €81k | €43k | €51k | €46k | ▼ 10.0% |
| Income taxes67/77 | €35k | €35k | €16k | €16k | €14k | ▼ 13.9% |
| Profit (loss) for the period9904 | €53k | €46k | €27k | €34k | €32k | ▼ 8.1% |
| Transfer from tax-exempt reserves789 | - | €28k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €71k | €74k | €27k | €34k | €32k | ▼ 8.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.99M | €3.06M | €2.75M | €2.95M | €2.89M | ▼ 1.8% |
| Fixed assets21/28 | €227k | €193k | €204k | €165k | €150k | ▼ 9.1% |
| Tangible fixed assets22/27 | €226k | €193k | €204k | €165k | €150k | ▼ 9.1% |
| Plant, machinery and equipment23 | - | €5k | €8k | €7k | €5k | ▼ 22.0% |
| Furniture and vehicles24 | - | €16k | €49k | €36k | €47k | ▲ 31.7% |
| Other tangible fixed assets26 | - | €172k | €147k | €122k | €98k | ▼ 20.3% |
| Financial fixed assets28 | €306 | €306 | €306 | €306 | €306 | = |
| Current assets29/58 | €2.76M | €2.87M | €2.55M | €2.78M | €2.74M | ▼ 1.4% |
| Stocks and contracts in progress3 | €288k | €915k | €1.23M | €1.49M | €1.47M | ▼ 1.2% |
| Stocks30/36 | - | €333k | €546k | €849k | €899k | ▲ 5.9% |
| Contracts in progress37 | - | €581k | €679k | €640k | €573k | ▼ 10.5% |
| Amounts receivable within one year40/41 | €1.63M | €1.65M | €1.19M | €1.21M | €988k | ▼ 18.1% |
| Trade receivables40 | - | €1.22M | €1.00M | €992k | €747k | ▼ 24.7% |
| Other amounts receivable41 | - | €429k | €193k | €214k | €241k | ▲ 12.8% |
| Cash at bank and in hand54/58 | €144k | €301k | €130k | €86k | €284k | ▲ 229% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.99M | €3.06M | €2.75M | €2.95M | €2.89M | ▼ 1.8% |
| Equity10/15 | €1.54M | €1.52M | €1.54M | €1.58M | €1.46M | ▼ 7.4% |
| Contributions10/11 | - | €64k | €64k | €64k | €64k | = |
| Reserves13 | €506k | €483k | €508k | €508k | €360k | ▼ 29.1% |
| Non-distributable reserves130/1 | - | €33k | €33k | €33k | - | - |
| Reserves not available under the articles1311 | - | €33k | €33k | €33k | - | - |
| Distributable reserves133 | - | €449k | €474k | €474k | €360k | ▼ 24.1% |
| Profit (loss) carried forward14 | €968k | €969k | €971k | €1.01M | €1.04M | ▲ 3.1% |
| Provisions and deferred taxes16 | €73k | €73k | €73k | €73k | - | - |
| Provisions for liabilities and charges160/5 | - | €73k | €73k | €73k | - | - |
| Environmental obligations163 | - | €73k | - | - | - | - |
| Other liabilities and charges164/5 | - | - | €73k | €73k | - | - |
| Amounts payable17/49 | €1.38M | €1.47M | €1.14M | €1.30M | €1.43M | ▲ 10.5% |
| Amounts payable after more than one year17 | €170k | €53k | €74k | €33k | €189k | ▲ 465% |
| Financial debts170/4 | - | €53k | €74k | €33k | €189k | ▲ 465% |
| Amounts payable within one year42/48 | €1.21M | €1.42M | €1.06M | €1.26M | €1.24M | ▼ 1.5% |
| Current portion of amounts payable after more than one year42 | - | €207k | €233k | €145k | €226k | ▲ 55.6% |
| Trade debts44 | €658k | €930k | €610k | €906k | €696k | ▼ 23.2% |
| Suppliers440/4 | - | €930k | €610k | €906k | €696k | ▼ 23.2% |
| Taxes, remuneration and social security45 | - | €43k | €46k | €71k | €53k | ▼ 25.8% |
| Taxes450/3 | - | €606 | €252 | €12k | €5k | ▼ 61.1% |
| Remuneration and social security454/9 | - | €42k | €46k | €59k | €48k | ▼ 18.6% |
| Other amounts payable47/48 | - | €239k | €174k | €139k | €268k | ▲ 92.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €46k | €27k | €34k | €32k | ▼ 8.1% |
| + Depreciation and write-downs630 | €76k | €41k | €45k | €40k | €45k | ▲ 11.4% |
| Operating cash flow (approximation) | €130k | €87k | €72k | €74k | €76k | ▲ 2.4% |
| Investment in fixed assets (approximation) | - | €-8k | €-56k | €-1k | €-30k | ▼ 2,638% |
| Change in cash | - | €157k | €-172k | €-43k | €197k | ▲ 556% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €27k ▼40.2%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €66k ▲62.8%
Operating result €129k, net result €66k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Leuven · 1 establishment unit since 1965
Ground area
2,691 m²
Building footprint
525 m²
Volume, LiDAR
3,762 m³
Parcel 24514B0183/00G000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Geldenaaksebaan 478, 3001 Leuven
since 19652.000.493.257
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514B0183/00G000 | Flanders | 2,691 m² | 1 · 525 m² | 8.4 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.
Recognitions · licences · registrations
Recognised contractor
7 categoriesGeuvers BV26730
Dual-learning approval
9 live approvals · 8 endedBrandertechnicus gas/stookolie duaal (so)
Elektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Technicus hernieuwbare energietechnieken duaal (so)
Show 3 more
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Vakman installatietechnieken (vwo)
Show 8 ended approvals
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Technicus hernieuwbare energietechnieken duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Vakman installatietechnieken (vwo)
Monteur centrale verwarming (so)
Sanitair installateur (so)
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Of 4,094 companies in sector 43240 we hold annual accounts for 1,634. 574 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-07-1965
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.