GHELDOF GEERT
ActiveSummary
GHELDOF GEERT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €224k and a net result of €36k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 47% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+6
Solvency70▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 2.47 in 2024; short-term debt: 26.8% and cash: 50.1% of total assets), but 55.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
44.9%
Return on assets
7.3%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
77 d early
2023
70 d early
2022
76 d early
2021
3 d early
2020
41 d late
2019
88 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€224k▲ 1.1%
2024 · €221k
2018: €136k
2019: €158k
2020: €191k
2021: €123k
2022: €220k
2023: €211k
2024: €221k
2018 → 2025
Total assets
€499k▲ 6.5%
2024 · €468k
2018: €519k
2019: €504k
2020: €510k
2021: €504k
2022: €585k
2023: €530k
2024: €468k
2018 → 2025
Net result
€36k▲ 249%
2024 · €10k
2018: €7k
2019: €23k
2020: €34k
2021: €78k
2022: €96k
2023: €32k
2024: €10k
2018 → 2025
Working capital
€154k▲ 23.7%
2024 · €124k
2018: €74k
2019: €115k
2020: €141k
2021: €-21k
2022: €71k
2023: €86k
2024: €124k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€123k-€220k▲ 77.9%€211k▼ 3.9%€221k▲ 4.9%€224k▲ 1.1%
Operating result€116k-€158k▲ 35.6%€52k▼ 67.1%€18k▼ 66.1%€56k▲ 216%
Net result€78k-€96k▲ 23.2%€32k▼ 67.2%€10k▼ 67.1%€36k▲ 249%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 216% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €499k
Fixed assets
€211k ▼ 18.5%
Current assets
€287k ▲ 37.4%
Equity and liabilities €499k
Equity
€224k ▲ 1.1%
Provisions
€59k =
Debt
€216k ▲ 14.9%
Debt's share of the balance-sheet total rises from 40.2% to 43.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€103k▲
2024 · €67k
Cash flow
€84k▲
2024 · €60k
Current ratio
2.15▼
2024 · 2.47
Quick ratio
2.11▼
2024 · 2.39
Debt to equity
0.97▲
2024 · 0.85
ROE
16.2%▲
2024 · 4.7%
ROA
7.3%▲
2024 · 2.2%
Interest coverage
36.38▲
2024 · 16.49
Debt ≤ 1 year
€133k▲
2024 · €85k
Debt > 1 year
€82k▼
2024 · €101k
Income taxes
€18k▲
2024 · €8k
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€468k€499k▲
Fixed assets21/28€259k€211k▼
Tangible fixed assets22/27€259k€211k▼
Land and buildings22€202k€185k▼
Plant, machinery and equipment23€16k€12k▼
Furniture and vehicles24€41k€15k▼
Current assets29/58€209k€287k▲
Stocks and contracts in progress3€7k€6k▼
Stocks30/36€7k€6k▼
Amounts receivable within one year40/41€12k€23k▲
Trade receivables40€7k€2k▼
Other amounts receivable41€5k€20k▲
Cash at bank and in hand54/58€182k€250k▲
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€468k€499k▲
Equity10/15€221k€224k▲
Reserves13€221k€224k▲
Distributable reserves133€221k€224k▲
Provisions and deferred taxes16€59k€59k=
Provisions for liabilities and charges160/5€59k€59k=
Pensions and similar obligations160€59k€59k=
Amounts payable17/49€188k€216k▲
Amounts payable after more than one year17€101k€82k▼
Financial debts170/4€101k€82k▼
Amounts payable within one year42/48€85k€133k▲
Current portion of amounts payable after more than one year42€25k€22k▼
Trade debts44€9k€9k▲
Suppliers440/4€9k€9k▲
Taxes, remuneration and social security45€8k€26k▲
Taxes450/3€8k€26k▲
Other amounts payable47/48€43k€77k▲
Accrued charges and deferred income492/3€2k€869▼
Income statement
Code20242025
Remuneration, social security and pensions62€110-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€48k▼
Other operating charges640/8€7k€7k▲
Gross operating margin9900€74k€111k▲
Operating profit (loss)9901€18k€56k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€19k€55k▲
Income taxes67/77€8k€18k▲
Profit (loss) for the period9904€10k€36k▲
Profit (loss) for the period to be appropriated9905€10k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€36k▲
Transfer from equity791/2-€34k
Transfer to equity691/2€10k€36k▲
To other reserves6921€10k€36k▲
Profit to be distributed694/7-€34k
Return on contributions (dividend)694-€34k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €96k ▲23.2%
Operating result €158k, net result €96k, both a record.
31-12
Financial
Equity above €200kEq €220k ▲77.9%
5 profitable years in a row build equity to €220k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 41 days late
2020
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €158k ▲16.1%
2 profitable years in a row build equity to €158k.
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Knokke-Heist · 1 establishment unit since 1998
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.
't Walletje 688300 Knokke-HeistGround area
1,195 m²
Building footprint
565 m²
Volume, LiDAR
3,730 m³
Parcel 31039F0126/00S000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GHELDOF GEERT
since 19982.085.687.367
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039F0126/00S000 | Flanders | 1,195 m² | 1 · 565 m² | 7.8 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
2025 · 1 entry · 2,420 EUR awarded · 2,420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,420 EUR | 2,420 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 747 companies in sector 43332 we hold annual accounts for 411. 335 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 formPrivate limited company
Founded27-01-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43332Laying of wooden floor and wall coverings
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.