GeoSquare Solutions
ActiveSummary
GeoSquare Solutions has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €165,200. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 84% of 1453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-3
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 4.17 against 5.11 in 2024; short-term debt: 24% and cash: 8.5% of total assets), and 25.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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 2025Solvency, return and age of the figures
Solvency
74.8%
Return on assets
9%
Age of the figures
9 mo
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
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
38 d early
2023
29 d early
2022
3 d early
2021
5 d late
2020
27 d late
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#10 company by equity in Edegem, Telecoms and IT sector
Turnover
€3.4m▼ 3.9%
2024 · €3.5m
EBIT margin
6.8%▼ 0.2pp
2024 · 7.0%
Net result
€165,200▼ 6.7%
2024 · €177,083
Working capital
€1.4m▲ 13.7%
2024 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€3.7m€3.4m▼ 8.4%€3.5m▲ 4.0%€3.4m▼ 3.9%
Operating result€64,062▲ 22.6%€256,570▲ 301%€657,254▲ 156%€245,499▼ 62.6%€227,632▼ 7.3%
Net result€41,114within the sector's middle half▲ 24.6%€185,880above the sector's middle half▲ 352%€485,349above the sector's middle half▲ 161%€177,083above the sector's middle half▼ 63.5%€165,200within the sector's middle half▼ 6.7%
EBIT margin7.0%19.6%▲ 12.6pp7.0%▼ 12.6pp6.8%▼ 0.2pp
Equity€357,231within the sector's middle half▲ 13.0%€543,111within the sector's middle half▲ 52.0%€1.0mabove the sector's middle half▲ 89.4%€1.2mabove the sector's middle half▲ 17.2%€1.4mwithin the sector's middle half▲ 13.7%
Total assets€1.6mabove the sector's middle half▲ 32.6%€2.2mabove the sector's middle half▲ 37.9%€1.8mabove the sector's middle half▼ 19.1%€1.5mwithin the sector's middle half▼ 13.6%€1.8mwithin the sector's middle half▲ 20.3%
Debt€1.2m▲ 39.7%€1.6m▲ 33.8%€734,337▼ 55.1%€318,009▼ 56.7%€462,068▲ 45.3%
Working capital€346,623within the sector's middle half▲ 50.1%€567,886above the sector's middle half▲ 63.8%€1.0mabove the sector's middle half▲ 80.8%€1.2mabove the sector's middle half▲ 19.3%€1.4mabove the sector's middle half▲ 13.7%
Solvency22.6%within the sector's middle half▼ 3.9pp24.9%within the sector's middle half▲ 2.3pp58.3%within the sector's middle half▲ 33.4pp79.1%above the sector's middle half▲ 20.8pp74.8%above the sector's middle half▼ 4.3pp
Current ratio1.29within the sector's middle half▲ 0.031.36within the sector's middle half▲ 0.062.40within the sector's middle half▲ 1.045.11above the sector's middle half▲ 2.714.17above the sector's middle half▼ 0.94
Return on assets (ROA)2.6%within the sector's middle half▼ 0.2pp8.5%within the sector's middle half▲ 5.9pp27.5%above the sector's middle half▲ 19.0pp11.6%within the sector's middle half▼ 15.9pp9.0%within the sector's middle half▼ 2.6pp
Staff (FTE)3.6within the sector's middle half▼ 23.4%3.1within the sector's middle half▼ 13.9%3within the sector's middle half▼ 3.2%2.7within the sector's middle half▼ 10.0%2below the sector's middle half▼ 25.9%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€961 ▲ 30.8%
Current assets
€1.8m ▲ 20.3%
Equity and liabilities €1.8m
Equity
€1.4m ▲ 13.7%
Provisions
€117 ▼ 16.1%
Debt
€462,068 ▲ 45.3%
Debt's share of the balance-sheet total rises from 20.9% to 25.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€228,505▼
2024 · €246,641
Cash flow
€166,073▼
2024 · €178,225
Debt to equity
0.34▲
2024 · 0.26
ROE
12.1%▼
2024 · 14.7%
Interest coverage
44.72▲
2024 · 42.65
Debt ≤ 1 year
€439,668▲
2024 · €298,009
Income taxes
€57,327▼
2024 · €62,780
Staff costs
€187,890▼
2024 · €215,029
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €3.7m | €3.4m | €3.5m | €3.4m | ▼ 3.9% |
| Non-recurring operating income76A | - | - | - | €1,231 | €0 | ▼ 100% |
| Goods, raw materials, services and sundry goods60/61 | - | €3.2m | €2.8m | €3.0m | €2.9m | ▼ 3.0% |
| Remuneration, social security and pensions62 | €216,340 | €215,983 | €236,124 | €215,029 | €187,890 | ▼ 12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,758 | €36,187 | €9,819 | €1,142 | €873 | ▼ 23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €347 | €15 | -€218,000 | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€231 | €8 | -€23 | ▼ 366% |
| Other operating charges640/8 | €2,696 | €7,320 | €16,664 | €17,476 | €15,759 | ▼ 9.8% |
| Non-recurring operating charges66A | - | - | €41 | €0 | - | - |
| Gross operating margin9900 | €324,204 | €516,075 | €701,670 | €479,154 | €432,131 | ▼ 9.8% |
| Operating profit (loss)9901 | €64,062 | €256,570 | €657,254 | €245,499 | €227,632 | ▼ 7.3% |
| Financial income75/76B | €346 | €53 | €0 | €147 | €5 | ▼ 96.5% |
| Recurring financial income75 | €346 | €53 | €0 | €147 | €5 | ▼ 96.5% |
| Financial charges65/66B | €4,319 | €3,669 | €5,684 | €5,783 | €5,110 | ▼ 11.6% |
| Recurring financial charges65 | €4,319 | €3,669 | €5,684 | €5,783 | €5,110 | ▼ 11.6% |
| Profit (loss) for the period before taxes9903 | €60,089 | €252,955 | €651,570 | €239,863 | €222,527 | ▼ 7.2% |
| Income taxes67/77 | €18,975 | €67,075 | €166,221 | €62,780 | €57,327 | ▼ 8.7% |
| Profit (loss) for the period9904 | €41,114 | €185,880 | €485,349 | €177,083 | €165,200 | ▼ 6.7% |
| Profit (loss) for the period to be appropriated9905 | €41,114 | €185,880 | €485,349 | €177,083 | €165,200 | ▼ 6.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €2.2m | €1.8m | €1.5m | €1.8m | ▲ 20.3% |
| Fixed assets21/28 | €44,362 | €12,162 | €1,898 | €734 | €961 | ▲ 30.8% |
| Intangible fixed assets21 | €38,282 | €7,158 | €0 | - | - | - |
| Tangible fixed assets22/27 | €6,058 | €4,983 | €1,876 | €734 | €961 | ▲ 30.8% |
| Plant, machinery and equipment23 | €6,058 | €4,983 | €1,159 | €597 | €35 | ▼ 94.2% |
| Furniture and vehicles24 | - | - | €717 | €137 | €926 | ▲ 574% |
| Financial fixed assets28 | €22 | €22 | €22 | €0 | - | - |
| Current assets29/58 | €1.5m | €2.2m | €1.8m | €1.5m | €1.8m | ▲ 20.3% |
| Amounts receivable within one year40/41 | €1.2m | €1.9m | €1.7m | €1.3m | €1.7m | ▲ 26.2% |
| Trade receivables40 | €689,977 | €1.0m | €597,202 | €582,333 | €511,189 | ▼ 12.2% |
| Other amounts receivable41 | €530,898 | €895,068 | €1.1m | €727,275 | €1.1m | ▲ 57.0% |
| Cash at bank and in hand54/58 | €309,179 | €217,957 | €43,157 | €179,877 | €155,505 | ▼ 13.5% |
| Deferred charges and accrued income490/1 | €5,467 | €10,598 | €717 | €33,473 | €23,124 | ▼ 30.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €2.2m | €1.8m | €1.5m | €1.8m | ▲ 20.3% |
| Equity10/15 | €357,231 | €543,111 | €1.0m | €1.2m | €1.4m | ▲ 13.7% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €295,550 | €481,550 | €966,950 | €1.1m | €1.3m | ▲ 14.4% |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | €289,400 | €475,400 | €960,800 | €1.1m | €1.3m | ▲ 14.5% |
| Profit (loss) carried forward14 | €181 | €61 | €10 | €18 | €19 | ▲ 5.9% |
| Provisions and deferred taxes16 | €347 | €362 | €131 | €140 | €117 | ▼ 16.1% |
| Provisions for liabilities and charges160/5 | €347 | €362 | €131 | €140 | €117 | ▼ 16.1% |
| Pensions and similar obligations160 | €347 | €362 | €131 | €140 | €117 | ▼ 16.1% |
| Amounts payable17/49 | €1.2m | €1.6m | €734,337 | €318,009 | €462,068 | ▲ 45.3% |
| Amounts payable after more than one year17 | €33,407 | €34,242 | €0 | - | - | - |
| Financial debts170/4 | €33,407 | €34,242 | €0 | - | - | - |
| Amounts payable within one year42/48 | €1.2m | €1.6m | €734,337 | €298,009 | €439,668 | ▲ 47.5% |
| Trade debts44 | €1.2m | €1.6m | €689,984 | €271,450 | €401,226 | ▲ 47.8% |
| Suppliers440/4 | €1.2m | €1.6m | €689,984 | €271,450 | €401,226 | ▲ 47.8% |
| Taxes, remuneration and social security45 | €32,032 | €46,166 | €44,353 | €26,559 | €38,442 | ▲ 44.7% |
| Taxes450/3 | €18,488 | €2,120 | €7,059 | €6,579 | €13,155 | ▲ 100.0% |
| Remuneration and social security454/9 | €13,544 | €44,047 | €37,294 | €19,981 | €25,287 | ▲ 26.6% |
| Accrued charges and deferred income492/3 | - | €2,333 | €0 | €20,000 | €22,400 | ▲ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,114 | €185,880 | €485,349 | €177,083 | €165,200 | ▼ 6.7% |
| + Depreciation and write-downs630 | €40,758 | €36,187 | €9,819 | €1,142 | €873 | ▼ 23.6% |
| Operating cash flow (approximation) | €81,872 | €222,067 | €495,168 | €178,225 | €166,073 | ▼ 6.8% |
| Investment in fixed assets (approximation) | - | -€3,988 | €446 | €22 | -€1,099 | ▼ 5,165% |
| Change in cash | - | -€91,223 | -€174,800 | €136,720 | -€24,372 | ▼ 118% |
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
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
16-07
State Gazette act
BenamingName change · Power of attorney5 facts ▸
State Gazette act
Benaming
Name change · Power of attorney5 facts ▸
- General meeting, 30-06-2026
- Name change, GeoSquare Solutions
- Other statement, uitreiking vóór registratie, artikel 173,1°bis Wetboek van registratierechten
- Power of attorney
- Power of attorney
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 5.11
Current ratio from 2.40 to 5.11; short-term debt falls from €734,337 to €298,009.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €485,349 ▲161%
Operating result €657,254, net result €485,349, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲89.4%
6 profitable years in a row build equity to €1.0m.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €543,111 ▲52%
5 profitable years in a row build equity to €543,111.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €4,220 ▼91.4%
Net result drops to €4,220, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 15 acts read
About the unread acts
Of the 15 Belgian State Gazette acts we know for this company, 1 has been read. The other 14 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Edegem · 1 establishment unit since 2009
Ground area
1.5 ha
Building footprint
2,155 m²
Volume, LiDAR
22,288 m³
Parcel 11472C0420/00G000, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
Watt's on
since 20092.181.714.102
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472C0420/00G000 | Flanders | 1.5 ha | 1 · 2,155 m² | 15.3 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Part of the group
Geo Investment Square
10 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Geo Investment Square
- GEO SQUARE
- Localyse Group
- GeoSquare Solutions
Highest known parent: Geo Investment Square. The sources do not say who stands above it.
Owners 1
-
90%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of GeoSquare Solutions and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 19,603 EUR awarded · 19,603 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,603 EUR | 2,603 EUR |
| 2023 | 1 | 10,000 EUR | 10,000 EUR |
| 2022 | 1 | 7,000 EUR | 7,000 EUR |
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 6,789 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-08-2009
Fiscal year end31-12
Legal name NL
LOCALYSE
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0818285268
Registered
01-07-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.