Geodetics Construction Maintenance Rental
ActiveSummary
The annual accounts of Geodetics Construction Maintenance Rental for fiscal year 2024 show a net loss of 272% of total assets and of 80% of the equity at the start of that year. The 2024 annual accounts show equity of €41k and a net result of €-166k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 77% of 991 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-80
Solvency92▼-8
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.13 against 7.52 in 2023; short-term debt: 32.7% and cash: 12.3% of total assets), and 32.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
67.3%
Return on assets
-271.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
43 d late
2022
31 d late
2021
122 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€41k▼ 80.2%
2023 · €207k
2019: €139k
2020: €133k
2021: €186k
2022: €187k
2023: €207k
2019 → 2024
Total assets
€61k▼ 73.9%
2023 · €234k
2019: €143k
2020: €165k
2021: €457k
2022: €241k
2023: €234k
2019 → 2024
Net result
€-166k
2023 · €20k
2019: €3k
2020: €-5k
2021: €18k
2022: €260
2023: €20k
2019 → 2024
Working capital
€22k▼ 87.2%
2023 · €175k
2019: €107k
2020: €109k
2021: €164k
2022: €154k
2023: €175k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€133k-€186k▲ 39.6%€187k▲ 0.1%€207k▲ 10.9%€41k▼ 80.2%
Operating result€-5k-€25k€3k▼ 88.5%€30k▲ 971%€-160k
Net result€-5k-€18k€260▼ 98.5%€20k▲ 7,689%€-166k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €160k after €30k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €61k
Fixed assets
€19k ▼ 40.8%
Current assets
€42k ▼ 79.0%
Equity and liabilities €61k
Equity
€41k ▼ 80.2%
Debt
€20k ▼ 26.0%
Debt's share of the balance-sheet total rises from 11.5% to 32.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-147k▼
2023 · €46k
Cash flow
€-153k▼
2023 · €36k
Current ratio
2.13▼
2023 · 7.52
Debt to equity
0.49▲
2023 · 0.13
ROE
-403.9%▼
2023 · 9.8%
ROA
-271.9%▼
2023 · 8.7%
Interest coverage
-26.77▼
2023 · 140.33
Debt ≤ 1 year
€20k▼
2023 · €27k
Income taxes
€0▼
2023 · €10k
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€234k€61k▼
Fixed assets21/28€31k€19k▼
Intangible fixed assets21€816€490▼
Tangible fixed assets22/27€30k€18k▼
Plant, machinery and equipment23€30k€18k▼
Financial fixed assets28€225€0▼
Current assets29/58€202k€42k▼
Amounts receivable within one year40/41€193k€34k▼
Trade receivables40€189k€3k▼
Other amounts receivable41€3k€31k▲
Cash at bank and in hand54/58€10k€7k▼
Deferred charges and accrued income490/1-€786
Equity and liabilities
Total equity and liabilities10/49€234k€61k▼
Equity10/15€207k€41k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€139k€-27k▼
Amounts payable17/49€27k€20k▼
Amounts payable within one year42/48€27k€20k▼
Trade debts44€18k€11k▼
Suppliers440/4€18k€11k▼
Taxes, remuneration and social security45€9k€8k▼
Taxes450/3€9k€8k▼
Other amounts payable47/48-€446
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€13k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€146k
Other operating charges640/8€132€4k▲
Gross operating margin9900€46k€2k▼
Operating profit (loss)9901€30k€-160k▼
Financial income75/76B-€22
Recurring financial income75-€22
Financial charges65/66B€326€5k▲
Recurring financial charges65€326€5k▲
Profit (loss) for the period before taxes9903€30k€-166k▼
Income taxes67/77€10k€0▼
Profit (loss) for the period9904€20k€-166k▼
Profit (loss) for the period to be appropriated9905€20k€-166k▼
Appropriation of the result
Profit (loss) to be appropriated9906€139k€-27k▼
Profit (loss) brought forward from the previous period14P€118k€139k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
31-12
Financial
Weakest financial yearnet €-166k ▼917%
Net result drops to €-166k, the lowest in the series.
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 43 days late
2023
31-12
Financial
Highest result since 2019net €20k ▲7689%
Operating result €30k, net result €20k, both a record.
31-12
Financial
Equity above €200kEq €207k ▲10.9%
3 profitable years in a row build equity to €207k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 3.82
Current ratio from 1.60 to 3.82; short-term debt falls from €271k to €55k.
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 122 days late
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Equity above €150kEq €186k ▲39.6%
Equity rises from €133k to €186k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
Show earlier events
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2017
26-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
11-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2008
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.
Sagastraat 19042 GentGround area
9,660 m²
Building footprint
1,876 m²
Volume, LiDAR
15,373 m³
Parcel 44813B0120/02B000, Flanders · tallest building 24.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
G.C.M. Rental
since 20082.175.565.884
1 parcel
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. |
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.
Similar companies · same sector, comparable size
MOBIQAM
BE 0747.840.405
Hasselt · Eq €41,239
VICANT
BE 0475.829.144
Etterbeek · Eq €40,542
INVESTMENTS CORPORATION BELGIUM
BE 0479.501.880
Hasselt · Eq €40,459
PROLOC
BE 0646.995.542
Waterloo · Eq €41,632
JC PARTY JUMPERS
BE 0878.410.719
Merksplas · Eq €42,082
Of 1,187 companies in sector 77399 we hold annual accounts for 710. 381 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 formPublic limited company
Founded23-04-2008
Fiscal year end31-12
Abbreviation NL
G.C.M. Rental
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.