Geradin Partners Newco
ActiveSummary
Geradin Partners Newco has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €224k and a net result of €2.57M. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+30
Solvency27▲+2
Growth78
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity short (current ratio 0.84 against 0.82 in 2023; short-term debt: 47.1% and cash: 11.5% of total assets), and 98.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
1.6%
Return on assets
17.8%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-12-2025, 137 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
137 d late
2023
113 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, unclassified schema
Turnover
€4.68M
EBIT margin
5.1%
Net result
€2.57M▲ 6,737%
2023 · €38k
2023: €38k
2023 → 2024
Working capital
€-1.09M▲ 17.6%
2023 · €-1.32M
2023: €-1.32M
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Turnover€4.68M
Equity€48k-€224k▲ 371%
Operating result€346k-€240k▼ 30.6%
Net result€38k-€2.57M▲ 6,737%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.43M
Fixed assets
€8.73M ▼ 9.3%
Current assets
€5.70M ▼ 6.7%
Equity and liabilities €14.43M
Equity
€224k ▲ 371%
Debt
€14.20M ▼ 9.4%
Debt's share of the balance-sheet total falls from 99.7% to 98.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€940k▼
2023 · €1.05M
Cash flow
€3.27M▲
2023 · €738k
Current ratio
0.84▲
2023 · 0.82
Debt to equity
63.41
ROA
17.8%▲
2023 · 0.2%
Interest coverage
3.18▼
2023 · 3.48
Debt ≤ 1 year
€6.79M▼
2023 · €7.43M
Debt > 1 year
€7.23M▼
2023 · €7.98M
Income taxes
€0▼
2023 · €10k
A ratio outside any meaningful range has been withheld (balance sheet total €14.43M, equity €224k).
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 · 64 lines
Balance sheet
Code20232024
Assets
Total assets20/58€15.73M€14.43M▼
Fixed assets21/28€9.62M€8.73M▼
Intangible fixed assets21€6.30M€5.60M▼
Tangible fixed assets22/27€1k€4k▲
Furniture and vehicles24€1k€4k▲
Financial fixed assets28€3.32M€3.13M▼
Affiliated companies280/1-€3.13M
Participating interests280-€2.97M
Amounts receivable281-€150k
Current assets29/58€6.11M€5.70M▼
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€3.92M€4.01M▲
Trade receivables40€3.63M€3.61M▼
Other amounts receivable41€289k€397k▲
Cash at bank and in hand54/58€2.19M€1.65M▼
Deferred charges and accrued income490/1€6k€35k▲
Equity and liabilities
Total equity and liabilities10/49€15.73M€14.43M▼
Equity10/15€48k€224k▲
Contributions10/11€10k€15k▲
Profit (loss) carried forward14€38k€209k▲
Amounts payable17/49€15.68M€14.20M▼
Amounts payable after more than one year17€7.98M€7.23M▼
Financial debts170/4€7.98M€7.23M▼
Credit institutions173-€4.97M
Other loans174-€2.27M
Amounts payable within one year42/48€7.43M€6.79M▼
Current portion of amounts payable after more than one year42€1.04M€760k▼
Financial debts43€1.18M€1▼
Other loans439€1.18M€1▼
Trade debts44€4.93M€3.33M▼
Suppliers440/4€4.93M€3.33M▼
Taxes, remuneration and social security45€11k€10k▼
Taxes450/3€11k€10k▼
Other amounts payable47/48€263k€2.69M▲
Accrued charges and deferred income492/3€274k€180k▼
Income statement
Code20232024
Operating income70/76A-€11.81M
Turnover70-€4.68M
Other operating income74-€7.13M
Operating charges60/66A-€11.57M
Goods for resale, raw materials and consumables60-€10.48M
Purchases600/8-€10.48M
Services and other goods61-€381k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€700k€701k▲
Other operating charges640/8€8k€9k▲
Gross operating margin9900€1.05M-
Operating profit (loss)9901€346k€240k▼
Financial income75/76B€2k€2.75M▲
Recurring financial income75€2k€2.75M▲
Income from financial fixed assets750-€2.74M
Income from current assets751-€588
Other financial income752/9-€4k
Financial charges65/66B€300k€417k▲
Recurring financial charges65€300k€417k▲
Debt charges650-€295k
Other financial charges652/9-€121k
Profit (loss) for the period before taxes9903€48k€2.57M▲
Income taxes67/77€10k€0▼
Taxes670/3-€0
Profit (loss) for the period9904€38k€2.57M▲
Profit (loss) for the period to be appropriated9905€38k€2.57M▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€2.61M▲
Profit (loss) brought forward from the previous period14P-€38k
Profit to be distributed694/7-€2.40M
Return on contributions (dividend)694-€2.40M
The notes to these accounts (44 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 137 days late
2024
31-12
Financial
Equity above €200kEq €224k ▲371%
2 profitable years in a row build equity to €224k.
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 113 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 2023
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.
Louizalaan 4751050 ElseneGround area
1,042 m²
Building footprint
1,010 m²
Volume, LiDAR
17,462 m³
Parcel 21822R0224/00B008, Brussels · tallest building 45.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Geradin Partners Newco
since 20232.341.216.744
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0224/00B008 | Brussels | 1,042 m² | 1 · 1,010 m² | 45.5 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.
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Of 22,058 companies in sector 69101 we hold annual accounts for 9,052. 7,113 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 formPrivate limited company
Founded20-01-2023
Fiscal year end31-12
Abbreviation FR
Geradin Partners
Activities, NACEBEL 2025
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.