GEORGALEX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.77M and a net result of €-266k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 20% of 2394 sector peers (fiscal year 2025). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2394 sector peers (2025).
NBB · sector comparisonPosition among 2394 sector peers
Solvency
better than 20%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
1 d early
2023
2 d early
2022
4 d early
2021
21 d late
2020
31 d late
2019
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€3.77M▼ 6.6%
2024 · €4.04M
2018: €1.67M
2019: €1.97M
2020: €4.57M
2021: €4.26M
2022: €4.21M
2023: €4.07M
2024: €4.04M
2018 → 2025
Net result
€-266k▼ 930%
2024 · €-26k
2018: €54k
2019: €300k
2020: €2.54M
2021: €-312k
2022: €-42k
2023: €-148k
2024: €-26k
2018 → 2025
Total assets
€14.98M▲ 10.6%
2024 · €13.54M
2018: €3.18M
2019: €3.11M
2020: €4.73M
2021: €4.41M
2022: €4.39M
2023: €14.56M
2024: €13.54M
2018 → 2025
Solvency
25.2%▼ 4.6pp
2024 · 29.8%
2018: 52.6%
2019: 63.5%
2020: 96.6%
2021: 96.6%
2022: 96.0%
2023: 27.9%
2024: 29.8%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.26M-€4.21M▼ 1.0%€4.07M▼ 3.5%€4.04M▼ 0.6%€3.77M▼ 6.6%
Operating result€-83k-€-81k▲ 3.2%€-253k▼ 214%€-67k▲ 73.6%€-359k▼ 437%
Net result€-312k-€-42k▲ 86.5%€-148k▼ 251%€-26k▲ 82.6%€-266k▼ 930%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €359k in 2025 against €67k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.98M
Fixed assets
€12.51M▲ 2.3%
Current assets
€2.46M▲ 87.8%
Equity and liabilities €14.98M
Equity
€3.77M▼ 6.6%
Debt
€11.20M▲ 17.9%
The debt ratio rises from 70.2% to 74.8%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
25.2%▼
2024 · 29.8%
ROE
-7.0%▼
2024 · -0.6%
ROA
-1.8%▼
2024 · -0.2%
Debt
€11.20M▲
2024 · €9.50M
Debt ≤ 1 year
€129k▲
2024 · €78k
Debt > 1 year
€11.08M▲
2024 · €9.43M
Income taxes
€749▲
2024 · €361
Staff costs
€24k▼
2024 · €44k
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€13.54M€14.98M▲
Fixed assets21/28€12.23M€12.51M▲
Tangible fixed assets22/27€12.23M€12.51M▲
Land and buildings22€11.95M€12.28M▲
Plant, machinery and equipment23€27k€35k▲
Furniture and vehicles24€243k€190k▼
Other tangible fixed assets26€14k€10k▼
Current assets29/58€1.31M€2.46M▲
Amounts receivable within one year40/41€86k€28k▼
Other amounts receivable41€86k€28k▼
Current investments50/53€1.00M€2.34M▲
Cash at bank and in hand54/58€225k€99k▼
Equity and liabilities
Total equity and liabilities10/49€13.54M€14.98M▲
Equity10/15€4.04M€3.77M▼
Contributions10/11€273k€273k=
Capital10€273k€273k=
Issued capital100€273k€273k=
Reserves13€177k€177k=
Non-distributable reserves130/1€27k€27k=
Legal reserve130€27k€27k=
Tax-exempt reserves132€150k€150k=
Profit (loss) carried forward14€3.59M€3.32M▼
Amounts payable17/49€9.50M€11.20M▲
Amounts payable after more than one year17€9.43M€11.08M▲
Financial debts170/4€9.43M€11.08M▲
Amounts payable within one year42/48€78k€129k▲
Trade debts44€43k€96k▲
Suppliers440/4€43k€96k▲
Taxes, remuneration and social security45€35k€33k▼
Taxes450/3€29k€33k▲
Remuneration and social security454/9€6k-
Other amounts payable47/48-€398
Income statement
Code20242025
Non-recurring operating income76A-€29k
Remuneration, social security and pensions62€44k€24k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€358k€380k▲
Other operating charges640/8€8k€16k▲
Gross operating margin9900€342k€61k▼
Operating profit (loss)9901€-67k€-359k▼
Financial income75/76B€44k€261k▲
Recurring financial income75€44k€261k▲
Financial charges65/66B€2k€167k▲
Recurring financial charges65€2k€167k▲
Profit (loss) for the period before taxes9903€-25k€-265k▼
Income taxes67/77€361€749▲
Profit (loss) for the period9904€-26k€-266k▼
Profit (loss) for the period to be appropriated9905€-26k€-266k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.59M€3.32M▼
Profit (loss) brought forward from the previous period14P€3.62M€3.59M▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (9 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 16.77
Current ratio from 5.51 to 16.77; short-term debt falls from €495k to €78k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 21 days late
2021
31-12
Financial
Weakest financial yearnet €-312k ▼112%
Net result drops to €-312k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €2.54M ▲746%
Operating result €3.26M, net result €2.54M, both a record.
31-12
Financial
Liquidity times 14current ratio 18.32
Current ratio from 1.28 to 18.32; short-term debt falls from €974k to €159k.
31-12
Financial
Equity above €2MEq €4.57M ▲132%
3 profitable years in a row build equity to €4.57M.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Heist-op-den-Berg · 1 establishment unit since 1997
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.
Isschotweg(ITE) 732222 Heist-op-den-BergGround area
859 m²
Building footprint
92 m²
Volume, LiDAR
419 m³
Parcel 12017C0211/00B000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GEORGALEX
since 19972.062.238.905
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12017C0211/00B000 | Flanders | 859 m² | 1 · 92 m² | 7.0 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500XSJDT2T7PCA919
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,764. 9,007 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-04-1993
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
46170Agents in the wholesale of food, beverages and tobacco
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.