HB GEO
ActiveThe computed 12-month bankruptcy probability of HB GEO is 1.6% (moderate). The 2025 annual accounts show equity of €1.81M and a net result of €371k. Equity is growing by ~44.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 7760 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-3
Solvency87▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.0 in 2024; short-term debt: 20.9% and cash: 5.9% of total assets), and 38.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
Sector 43
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 2025Solvency, return and age of the figures
Solvency
61.9%
Return on assets
12.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
32 d early
2024
42 d early
2023
on the day
2022
31 d early
2022
55 d early
2021
23 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.81M▲ 25.8%
2024 · €1.44M
2021: €113k
2022: €150k
2022: €531k
2023: €969k
2024: €1.44M
2021 → 2025
Total assets
€2.92M▼ 2.6%
2024 · €3.00M
2021: €1.92M
2022: €2.56M
2022: €3.14M
2023: €3.17M
2024: €3.00M
2021 → 2025
Net result
€371k▼ 20.7%
2024 · €469k
2021: €13k
2022: €37k
2022: €380k
2023: €439k
2024: €469k
2021 → 2025
Working capital
€221k
2024 · €-4k
2021: €-660k
2022: €-934k
2022: €-749k
2023: €-351k
2024: €-4k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222022202320242025Trend
Equity€150k-€531k▲ 254%€969k▲ 82.7%€1.44M▲ 48.3%€1.81M▲ 25.8%
Operating result€64k-€401k▲ 527%€574k▲ 43.2%€654k▲ 14.0%€508k▼ 22.3%
Net result€37k-€380k▲ 917%€439k▲ 15.4%€469k▲ 6.7%€371k▼ 20.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.92M
Fixed assets
€2.09M▲ 1.4%
Current assets
€833k▼ 11.5%
Equity and liabilities €2.92M
Equity
€1.81M▲ 25.8%
Debt
€1.11M▼ 28.8%
The debt ratio falls from 52.1% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€968k▼
2024 · €1.04M
Cash flow
€831k▼
2024 · €859k
Solvency
61.9%▲
2024 · 47.9%
Current ratio
1.36▲
2024 · 1.00
Quick ratio
1.07▲
2024 · 0.89
Debt / equity
0.62▼
2024 · 1.09
ROE
20.5%▼
2024 · 32.6%
ROA
12.7%▼
2024 · 15.6%
Interest coverage
46.91▲
2024 · 25.77
Debt
€1.11M▼
2024 · €1.57M
Debt ≤ 1 year
€611k▼
2024 · €945k
Debt > 1 year
€503k▼
2024 · €621k
Income taxes
€121k▼
2024 · €145k
Staff costs
€405k▲
2024 · €345k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.00M€2.92M▼
Fixed assets21/28€2.06M€2.09M▲
Intangible fixed assets21€138-
Tangible fixed assets22/27€2.06M€2.09M▲
Land and buildings22€740k€719k▼
Plant, machinery and equipment23€500k€553k▲
Furniture and vehicles24€241k€234k▼
Leasing and similar rights25€581k€541k▼
Assets under construction and advance payments27-€45k
Current assets29/58€941k€833k▼
Stocks and contracts in progress3€101k€181k▲
Stocks30/36€101k€181k▲
Amounts receivable within one year40/41€596k€465k▼
Trade receivables40€554k€376k▼
Other amounts receivable41€41k€89k▲
Cash at bank and in hand54/58€227k€172k▼
Deferred charges and accrued income490/1€18k€14k▼
Equity and liabilities
Total equity and liabilities10/49€3.00M€2.92M▼
Equity10/15€1.44M€1.81M▲
Contributions10/11€100k€100k=
Reserves13€1.34M€1.71M▲
Tax-exempt reserves132€156k€156k=
Distributable reserves133€1.18M€1.55M▲
Amounts payable17/49€1.57M€1.11M▼
Amounts payable after more than one year17€621k€503k▼
Financial debts170/4€621k€503k▼
Amounts payable within one year42/48€945k€611k▼
Current portion of amounts payable after more than one year42€254k€270k▲
Trade debts44€182k€115k▼
Suppliers440/4€182k€115k▼
Advances received on contracts in progress46€95k-
Taxes, remuneration and social security45€4k€11k▲
Taxes450/3€718-
Remuneration and social security454/9€3k€11k▲
Other amounts payable47/48€408k€215k▼
Income statement
Code20242025
Remuneration, social security and pensions62€345k€405k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€391k€460k▲
Other operating charges640/8€5k€10k▲
Gross operating margin9900€1.40M€1.38M▼
Operating profit (loss)9901€654k€508k▼
Financial income75/76B€0€5k▲
Recurring financial income75€0€5k▲
Financial charges65/66B€41k€21k▼
Recurring financial charges65€41k€21k▼
Profit (loss) for the period before taxes9903€613k€492k▼
Income taxes67/77€145k€121k▼
Profit (loss) for the period9904€469k€371k▼
Profit (loss) for the period to be appropriated9905€469k€371k▼
Appropriation of the result
Profit (loss) to be appropriated9906€469k€371k▼
Transfer to equity691/2€469k€371k▼
To other reserves6921€469k€371k▼
Social balance
Average headcount (FTE)90874.75.1▲
The notes to these accounts (22 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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €469k ▲6.7%
Operating result €654k, net result €469k, both a record.
31-12
Financial
Equity above €1MEq €1.44M ▲48.3%
5 profitable years in a row build equity to €1.44M.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €531k ▲254%
3 profitable years in a row build equity to €531k.
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €150kEq €150k ▲33.2%
2 profitable years in a row build equity to €150k.
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Arendonk · 1 establishment unit since 2020
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.
Hoge Mauw 14002370 ArendonkGround area
5,000 m²
Building footprint
2,625 m²
Volume, LiDAR
3 m³
Parcel 13322C1184/00F000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
HB GEO
since 20202.298.855.656
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322C1184/00F000 | Flanders | 5,000 m² | 1 · 2,625 m² | 0.1 m |
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
2022 to 2024 · 2 entries · 3,684 EUR awarded · 3,684 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 684 EUR | 684 EUR |
| 2022 | 1 | 3,000 EUR | 3,000 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 607 companies in sector 43130 we hold annual accounts for 302. 125 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2020
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43130Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.