Vincent Geli Projects
ActiveSummary
Vincent Geli Projects has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €9k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 3489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-18
Solvency83▲+17
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.6 against 1.76 in 2024; short-term debt: 28.4% and cash: 19.2% of total assets), and 42.4% 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 · 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% 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
57.6%
Return on assets
14.4%
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 26-05-2026, 66 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
66 d early
2024
14 d late
2023
29 d early
2022
25 d late
2021
12 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▲ 29.3%
2024 · €28k
2021: €19k
2022: €16k▼ -14.8% vs 2021
2023: €14k▼ -13.0% vs 2022lowest in 5 years
2024: €28k▲ +102% vs 2023
2025: €36k▲ +29.3% vs 2024highest in 5 years
2021 → 2025
Total assets
€62k▼ 6.8%
2024 · €67k
2021: €40k
2022: €28k▼ -29.4% vs 2021lowest in 5 years
2023: €31k▲ +11.5% vs 2022
2024: €67k▲ +114% vs 2023highest in 5 years
2025: €62k▼ -6.8% vs 2024
2021 → 2025
Net result
€9k▼ 36.0%
2024 · €14k
2021: €14k
2022: €-3k▼ -120% vs 2021lowest in 5 years
2023: €-2k▲ +25.3% vs 2022
2024: €14k▲ +784% vs 2023highest in 5 years
2025: €9k▼ -36.0% vs 2024
2021 → 2025
Working capital
€28k▲ 35.3%
2024 · €21k
2021: €3k
2022: €1k▼ -58.4% vs 2021lowest in 5 years
2023: €8k▲ +627% vs 2022
2024: €21k▲ +149% vs 2023
2025: €28k▲ +35.3% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€16k▼ 14.8%€14k▼ 13.0%€28k▲ 102%€36k▲ 29.3%
2021: €19k
2022: €16k▼ -14.8% vs 2021
2023: €14k▼ -13.0% vs 2022lowest in 5 years
2024: €28k▲ +102% vs 2023
2025: €36k▲ +29.3% vs 2024highest in 5 years
Operating result€20k-€-2k€999€24k▲ 2,271%€17k▼ 29.5%
2021: €20k
2022: €-2k▼ -110% vs 2021lowest in 5 years
2023: €999▲ +148% vs 2022
2024: €24k▲ +2271% vs 2023highest in 5 years
2025: €17k▼ -29.5% vs 2024
Net result€14k-€-3k€-2k▲ 25.3%€14k€9k▼ 36.0%
2021: €14k
2022: €-3k▼ -120% vs 2021lowest in 5 years
2023: €-2k▲ +25.3% vs 2022
2024: €14k▲ +784% vs 2023highest in 5 years
2025: €9k▼ -36.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62k
Fixed assets
€16k ▼ 10.6%
Current assets
€46k ▼ 5.4%
Equity and liabilities €62k
Equity
€36k ▲ 29.3%
Debt
€27k ▼ 32.4%
Debt's share of the balance-sheet total falls from 58.5% to 42.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▼
2024 · €26k
Cash flow
€11k▼
2024 · €16k
Current ratio
2.60▲
2024 · 1.76
Quick ratio
2.56▲
2024 · 1.76
Debt to equity
0.74▼
2024 · 1.41
ROE
25.1%▼
2024 · 50.6%
ROA
14.4%▼
2024 · 21.0%
Interest coverage
4.83▼
2024 · 6.16
Debt ≤ 1 year
€18k▼
2024 · €28k
Debt > 1 year
€9k▼
2024 · €11k
Income taxes
€4k▼
2024 · €6k
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€67k€62k▼
Fixed assets21/28€18k€16k▼
Tangible fixed assets22/27€18k€16k▼
Land and buildings22€14k€14k▼
Plant, machinery and equipment23€744€81▼
Furniture and vehicles24€4k€3k▼
Current assets29/58€49k€46k▼
Stocks and contracts in progress3-€750
Stocks30/36-€750
Amounts receivable within one year40/41€7k€31k▲
Trade receivables40€7k€28k▲
Other amounts receivable41€401€3k▲
Cash at bank and in hand54/58€34k€12k▼
Deferred charges and accrued income490/1€8k€2k▼
Equity and liabilities
Total equity and liabilities10/49€67k€62k▼
Equity10/15€28k€36k▲
Contributions10/11€5k€5k=
Reserves13€14k€14k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€9k€17k▲
Amounts payable17/49€39k€27k▼
Amounts payable after more than one year17€11k€9k▼
Financial debts170/4€11k€9k▼
Amounts payable within one year42/48€28k€18k▼
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€6k€2k▼
Remuneration and social security454/9€160€0▼
Other amounts payable47/48€5k€436▼
Income statement
Code20242025
Non-recurring operating income76A€0€718▲
Remuneration, social security and pensions62€390-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€5k€2k▼
Non-recurring operating charges66A€667€0▼
Gross operating margin9900€32k€21k▼
Operating profit (loss)9901€24k€17k▼
Financial income75/76B€412€312▼
Recurring financial income75€412€312▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€20k€13k▼
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€14k€9k▼
Profit (loss) for the period to be appropriated9905€14k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€17k▲
Profit (loss) brought forward from the previous period14P€-5k€8k▲
Transfer from equity791/2-€859
Profit to be distributed694/7-€859
Return on contributions (dividend)694-€859
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4k | €0 | €718 | - |
| Remuneration, social security and pensions62 | - | - | - | €390 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €5k | €2k | €2k | €2k | ▼ 10.0% |
| Other operating charges640/8 | €3k | €688 | €1k | €5k | €2k | ▼ 51.5% |
| Non-recurring operating charges66A | - | - | - | €667 | €0 | ▼ 100% |
| Gross operating margin9900 | €30k | €4k | €4k | €32k | €21k | ▼ 33.9% |
| Operating profit (loss)9901 | €20k | €-2k | €999 | €24k | €17k | ▼ 29.5% |
| Financial income75/76B | €0 | €0 | €8 | €412 | €312 | ▼ 24.2% |
| Recurring financial income75 | €0 | €0 | €8 | €412 | €312 | ▼ 24.2% |
| Financial charges65/66B | €147 | €243 | €3k | €4k | €4k | ▼ 8.0% |
| Recurring financial charges65 | €147 | €243 | €3k | €4k | €4k | ▼ 8.0% |
| Profit (loss) for the period before taxes9903 | €20k | €-2k | €-2k | €20k | €13k | ▼ 34.0% |
| Income taxes67/77 | €7k | €409 | €305 | €6k | €4k | ▼ 29.2% |
| Profit (loss) for the period9904 | €14k | €-3k | €-2k | €14k | €9k | ▼ 36.0% |
| Profit (loss) for the period to be appropriated9905 | €14k | €-3k | €-2k | €14k | €9k | ▼ 36.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40k | €28k | €31k | €67k | €62k | ▼ 6.8% |
| Fixed assets21/28 | €16k | €15k | €5k | €18k | €16k | ▼ 10.6% |
| Tangible fixed assets22/27 | €16k | €15k | €5k | €18k | €16k | ▼ 10.6% |
| Land and buildings22 | - | - | - | €14k | €14k | ▼ 2.3% |
| Plant, machinery and equipment23 | €4k | €3k | €2k | €744 | €81 | ▼ 89.2% |
| Furniture and vehicles24 | €11k | €12k | €3k | €4k | €3k | ▼ 26.7% |
| Current assets29/58 | €24k | €13k | €26k | €49k | €46k | ▼ 5.4% |
| Stocks and contracts in progress3 | - | - | - | - | €750 | - |
| Stocks30/36 | - | - | - | - | €750 | - |
| Amounts receivable within one year40/41 | €3k | €11k | €14k | €7k | €31k | ▲ 326% |
| Trade receivables40 | €3k | €11k | €7k | €7k | €28k | ▲ 307% |
| Other amounts receivable41 | €14 | €0 | €7k | €401 | €3k | ▲ 650% |
| Cash at bank and in hand54/58 | €21k | €2k | €2k | €34k | €12k | ▼ 64.6% |
| Deferred charges and accrued income490/1 | - | €47 | €10k | €8k | €2k | ▼ 69.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40k | €28k | €31k | €67k | €62k | ▼ 6.8% |
| Equity10/15 | €19k | €16k | €14k | €28k | €36k | ▲ 29.3% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €14k | €14k | €14k | €14k | €14k | = |
| Distributable reserves133 | €14k | €14k | €14k | €14k | €14k | = |
| Profit (loss) carried forward14 | - | €-3k | €-5k | €9k | €17k | ▲ 88.0% |
| Amounts payable17/49 | €21k | €12k | €18k | €39k | €27k | ▼ 32.4% |
| Amounts payable after more than one year17 | - | - | - | €11k | €9k | ▼ 23.4% |
| Financial debts170/4 | - | - | - | €11k | €9k | ▼ 23.4% |
| Amounts payable within one year42/48 | €21k | €12k | €18k | €28k | €18k | ▼ 36.1% |
| Current portion of amounts payable after more than one year42 | - | €2k | €762 | €3k | €3k | ▲ 4.5% |
| Trade debts44 | €12k | €308 | €3k | €15k | €13k | ▼ 10.3% |
| Suppliers440/4 | €12k | €308 | €3k | €15k | €13k | ▼ 10.3% |
| Taxes, remuneration and social security45 | €8k | €8k | €465 | €6k | €2k | ▼ 75.0% |
| Taxes450/3 | €8k | €8k | €305 | €6k | €2k | ▼ 74.3% |
| Remuneration and social security454/9 | €160 | €480 | €160 | €160 | €0 | ▼ 100% |
| Other amounts payable47/48 | €2k | €2k | €14k | €5k | €436 | ▼ 90.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €-3k | €-2k | €14k | €9k | ▼ 36.0% |
| + Depreciation and write-downs630 | €7k | €5k | €2k | €2k | €2k | ▼ 10.0% |
| Operating cash flow (approximation) | €20k | €2k | €-133 | €16k | €11k | ▼ 32.5% |
| Investment in fixed assets (approximation) | - | €-4k | €7k | €-15k | €0 | ▲ 100% |
| Change in cash | - | €-18k | €-196 | €32k | €-22k | ▼ 169% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Antwerpen · 1 establishment unit since 2020
Ground area
195 m²
Building footprint
95 m²
Volume, LiDAR
546 m³
Parcel 11003A0154/00E006, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vincent Geli Projects
since 20202.303.596.382
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0154/00E006 | Flanders | 195 m² | 1 · 95 m² | 7.5 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.
Similar companies · same sector, comparable size
SENSORADE
BE 0720.540.843
Herve · Eq €35,931
CO2 Strategy
BE 0891.276.382
Profondeville · Eq €36,082
BAVA Safety Consulting
BE 0687.572.127
Waregem · Eq €35,819
GEMATEK
BE 1028.488.921
Malmedy · Eq €36,127
Preventine
BE 0737.847.128
Sint-Niklaas · Eq €35,730
Of 4,564 companies in sector 74999 we hold annual accounts for 1,936. 1,459 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
Founded02-06-2020
Fiscal year end31-12
Abbreviation NL
V.G. Projects
Activities, NACEBEL 2025
41001General construction of residential buildings
74999Other professional, scientific and technical activities
43240Other construction installation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.