Active BE 0447.712.507Public limited companyOpen bankruptcy

Geodetics Construction Maintenance

Sagastraat 1 ·9042 Gent, Belgium· 34 yrs active

Sector: Vervaardiging van metalen constructiewerken en delen daarvan (25110)

Conclusion Checked

A bankruptcy procedure is open for Geodetics Construction Maintenance according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €969k and a net result of €61k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€969k
Net result	€61k
Staff (FTE)	33.4
Better than sector	31%

Financial profile 5 of 5 axes measured · computed by Checked

21 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 29

Solvency 26

Growth 52

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2022 · computed

0 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 31-08-2023 with the NBB · fiscal year 2022 · volledig

RevenueOperating resultNet result

Sector comparison

Fiscal year 2022 · NACE 25 · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	16.9%	27.5%	better than 31% of 55 sector peers
Net result	€61k	€52k	better than 55% of 55 sector peers
Equity	€969k	€371k	better than 66% of 55 sector peers
Staff costs	€2.27M	€579k	higher than 79% of 50 sector peers
Employees (FTE)	33.4	12.4	better than 72% of 47 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€7.50M

+9.3% 19-22

EBITDA

€412k

+51.0% 19-22

Net profit

€61k

-21.8% 19-22

Cash flow

€216k

+6.2% 19-22

Total assets

€5.73M

-10.6% 19-22

Equity

€969k

+6.7% 19-22

Working capital

€689k

+12.4% 19-22

Employees (FTE)

33

-5.9% 19-22

Show 14 other metrics

Staff costs

€2.27M

+3.6% 19-22

Income taxes

€15k

+748.3% 19-22

Debt

€4.76M

-13.4% 19-22

Debt ≤ 1y

€4.57M

-16.8% 19-22

Debt > 1y

€191k

+1748.2% 19-22

Current ratio

1.15

+3.5% 19-22

Quick ratio

0.48

-10.1% 19-22

Solvency

16.9%

+19.3% 19-22

Debt / equity

4.91

-18.9% 19-22

ROE

6.3%

-26.7% 19-22

ROA

1.1%

-12.5% 19-22

Net margin

0.8%

-28.4% 19-22

EBITDA margin

5.5%

+38.2% 19-22

Interest coverage

5.57

+36.6% 19-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	volledig
Revenue	€7.50M
EBITDA	€412k
Net profit	€61k
Cash flow	€216k
Staff costs	€2.27M
Income taxes	€15k
Dividends	-
Total assets	€5.73M
Equity	€969k
Debt	€4.76M
of which ≤ 1y	€4.57M
of which > 1y	€191k
Working capital	€689k
Employees (FTE)	33.4

Ratios (computed)

	2022
Current ratio	1.15
Quick ratio	0.48
Working capital ratio	12.0%
Solvency	16.9%
Debt / equity	4.91
Long-term debt ratio	0.20
Interest coverage	5.57
Gross margin	63.0%
Net margin	0.8%
ROA	1.1%
ROE	6.3%
EBITDA margin	5.5%
Days sales outstanding	95d
Days payable outstanding	169d
Inventory turnover	0.91
Days inventory (DSI)	403d

Balance-sheet composition 2022

Assets

Fixed assets €455k · 8.0% Current assets €5.26M · 92.0%

Equity & liabilities

Equity €969k · 16.9% Debt €4.76M · 83.1%

Full annual accounts (27 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€5.73M
Fixed assets	21/28	€455k
Formation expenses	20	€16k
Intangible fixed assets	21	€64k
Tangible fixed assets	22/27	€390k
Financial fixed assets	28	€2k
Current assets	29/58	€5.26M
Stocks & contracts in progress	3	€3.06M
Amounts receivable within one year	40/41	€2.03M
Cash & bank	54/58	€139k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€5.73M
Equity	10/15	€969k
Contributions / capital	10/11	€135k
Reserves	13	€616k
Accumulated profits (losses)	14	€218k
Amounts payable	17/49	€4.76M
Amounts payable after one year	17	€191k
Amounts payable within one year	42/48	€4.57M
Trade debts payable within one year	44	€1.29M
Income statement
Turnover	70	€7.50M
Operating result	9901	€256k
Financial income	75	€115
Financial charges	65	€83k
Result before taxes	9903	€76k
Income taxes	67/77	€15k
Net result for the period	9904	€61k
Result to be appropriated	9905	€61k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	MATTHIAS GESQUIERE MAALTEMEERS 84, 9051 1 GENT (SINT-DENIJS-WESTREM)	04-02-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	Vervaardiging van metalen constructiewerken en delen daarvan(25110)
Legal form	Public limited company(014)
Incorporation	30-06-1992
Status	Active
Postal code	9042
First BS signal	10-02-2025
Latest BS signal	10-02-2025

Establishment units 1 location

Sagastraat 1, 9042 Gent

Vervaardiging van turbines en onderdelen daarvan : stoomturbines en andere damp - ; gas - ; waterturbines, waterraderen en regulators daarvoor

since 20032.125.117.570

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44813B0120/02B000	Flanders	9,660 m²	1 · 1,876 m²	24.9 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

10-02-2025

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · GEODETICS CONSTRUCTION MAINTENANCE NV SAGASTRAAT 1, 9042 SINT-KRUIS-WINKEL · event 04-02-2025

2023

31-08-2023