Checked.be
Active
BE 0459.045.867Private limited company (pre-2019)
GEUENS
Soef 20 ·2490 Balen, Belgium· 29 yrs active
Sector: Insulation installation
(43230)
Conclusion
GEUENS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206k and a net result of €31k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 2906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €206k |
| Net result | €31k |
| Staff (FTE) | 2.8 |
| Better than sector | 51% |
Financial profile
79
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
89
Profitability
76
Solvency
80
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1996, 29 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
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.
Checked score
89
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€18k
estimate, not credit advice
Score history
93
2022
74
2023
63
2024
89
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.60 (≥ 1.5)
+10
Leverage
Debt/equity 1.27 (< 2.0)
+3
Profitability
ROE 15% (≥ 10%)
+10
Interest coverage
Interest coverage 7.5× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~2.7%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 44.1% | 43.3% | |
| Net result | €31k | €13k | |
| Equity | €206k | €44k | |
| Gross operating margin | €279k | €39k | |
| Staff costs | €154k | €30k |
€116k
+116.4%
22-25
€31k
-
22-25
€85k
+125.3%
22-25
€467k
+22.4%
22-25
€206k
+17.2%
22-25
€130k
+46.9%
22-25
3
-6.7%
22-25
€154k
-13.7%
22-25
€16k
+1603.1%
22-25
€833
+4.1%
22-25
€261k
+26.8%
22-25
€217k
+50.5%
22-25
€44k
-27.6%
22-25
1.60
-0.9%
22-25
0.81
-28.7%
22-25
44.1%
-4.2%
22-25
1.27
+8.1%
22-25
15.1%
-
22-25
6.7%
-
22-25
7.55
+110.6%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €116k | €54k | €43k | €80k |
| Net profit | €31k | €-279 | €220 | €31k |
| Cash flow | €85k | €38k | €37k | €64k |
| Staff costs | €154k | €178k | €165k | €145k |
| Income taxes | €16k | €921 | - | €11k |
| Dividends | €833 | - | - | €800 |
| Total assets | €467k | €382k | €364k | €340k |
| Equity | €206k | €176k | €176k | €176k |
| Debt | €261k | €206k | €188k | €164k |
| of which ≤ 1y | €217k | €144k | €176k | €141k |
| of which > 1y | €44k | €61k | €12k | €22k |
| Working capital | €130k | €88k | €85k | €85k |
| Employees (FTE) | 2.8 | 3.0 | 3.1 | 3.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.60 | 1.61 | 1.48 | 1.60 |
| Quick ratio | 0.81 | 1.14 | 1.11 | 1.37 |
| Working capital ratio | 27.8% | 23.1% | 23.3% | 25.0% |
| Solvency | 44.1% | 46.0% | 48.4% | 51.8% |
| Debt / equity | 1.27 | 1.17 | 1.07 | 0.93 |
| Long-term debt ratio | 0.21 | 0.35 | 0.07 | 0.13 |
| Interest coverage | 7.55 | 3.58 | 6.23 | 16.35 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 6.7% | -0.1% | 0.1% | 9.2% |
| ROE | 15.1% | -0.2% | 0.1% | 17.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €467k | €382k | €364k | €340k |
| Fixed assets | 21/28 | €121k | €149k | €103k | €114k |
| Tangible fixed assets | 22/27 | €120k | €149k | €103k | €114k |
| Financial fixed assets | 28 | €335 | €335 | €335 | €335 |
| Current assets | 29/58 | €347k | €233k | €261k | €226k |
| Stocks & contracts in progress | 3 | €171k | €68k | €66k | €32k |
| Amounts receivable within one year | 40/41 | €61k | €101k | €132k | €110k |
| Investments | 50/53 | €101 | €100 | €100 | €100 |
| Cash & bank | 54/58 | €110k | €59k | €60k | €80k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €467k | €382k | €364k | €340k |
| Equity | 10/15 | €206k | €176k | €176k | €176k |
| Contributions / capital | 10/11 | €31k | €31k | €31k | €31k |
| Reserves | 13 | €175k | €145k | €145k | €145k |
| Accumulated profits (losses) | 14 | - | €-279 | - | - |
| Amounts payable | 17/49 | €261k | €206k | €188k | €164k |
| Amounts payable after one year | 17 | €44k | €61k | €12k | €22k |
| Amounts payable within one year | 42/48 | €217k | €144k | €176k | €141k |
| Trade debts payable within one year | 44 | €38k | €36k | €32k | €18k |
| Income statement | |||||
| Gross operating margin | 9900 | €279k | €234k | €212k | €233k |
| Operating result | 9901 | €62k | €16k | €7k | €47k |
| Financial income | 75 | €99 | €4 | €503 | €3 |
| Financial charges | 65 | €15k | €15k | €7k | €5k |
| Result before taxes | 9903 | €47k | €642 | €220 | €42k |
| Income taxes | 67/77 | €16k | €921 | - | €11k |
| Net result for the period | 9904 | €31k | €-279 | €220 | €31k |
| Result to be appropriated | 9905 | €31k | €-279 | €220 | €31k |
Legal Structure
| NACE primary | Insulation installation(43230) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 21-10-1996 |
| Status | Active |
| Postal code | 2490 |
Establishment units
GEUENS
since 19962.079.347.131
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13342B0579/00L000 | Flanders | 1,381 m² | 1 · 201 m² | 8.3 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
31-12
Financial
Equity above €200kEq €206k ▲17.2%
Equity rises from €176k to €206k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-279 ▼227%
Net result drops to €-279, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 85 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Insulation installation43230Specialised construction activities43291Joinery installation433204542145422
Names & trade names
| Legal nameNL | GEUENS |
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