ACTIVE

Geo-Groep

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Financial year 2025 · closed on 31/12/2025

Net result

1,4 M €

+36.4% YoY

Revenue

12,8 M €

+4.0% YoY

Equity

12,5 M €

+12.6% YoY

Workforce

27,3 ETP

+2.2% YoY

What does Geo-Groep do?

Geo-Groep is a Public limited company incorporated in 2006. Its main activity is: Sewerage. Its registered office is in Geel. It employs on average 27,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0881.314.284

Incorporation

15/05/2006

Legal form

Public limited company

Registered office

Lammerdries 18
2440 Geel · FlandreSee on map

Contributed capital

200 000,00 €

Latest accounts

31/12/2025

Average workforce

27,3 ETP

Activities (NACE)

37000Sewerage· main 37000Sewerage 90010Performing arts

Joint committees (3)

14204
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	12,8 M €	+4.0%	12,3 M €	-5.4%	13 M €	+11.7%	11,6 M €	+18.2%	9,8 M €		–		–		–		–		–		6,1 M €	-9.9%	6,8 M €	+21.3%	5,6 M €	-1.0%	5,6 M €	-3.1%	5,8 M €	-8.7%	6,4 M €	+7.2%	5,9 M €		–		–		–
EBITDA	1,8 M €	-1.7%	1,8 M €	-21.1%	2,3 M €	+33.5%	1,7 M €	-13.7%	2 M €	+0.4%	2 M €	+8.0%	1,9 M €	+149%	747,7 k €	-51.6%	1,5 M €	-39.2%	2,5 M €	+50.0%	1,7 M €	-18.8%	2,1 M €	+44.2%	1,4 M €	+6.2%	1,4 M €	-27.9%	1,9 M €	+9.3%	1,7 M €	+2.8%	1,7 M €	+5.3%	1,6 M €	-21.8%	2 M €	+385%	420,9 k €
Operating result	1,1 M €	-16.4%	1,3 M €	-26.8%	1,8 M €	+46.2%	1,2 M €	+0.9%	1,2 M €	+8.9%	1,1 M €	+14.6%	975,3 k €	+170%	361,7 k €	-54.6%	797,2 k €	-54.9%	1,8 M €	+13.4%	1,6 M €	-19.2%	1,9 M €	+47.8%	1,3 M €	-0.8%	1,3 M €	-29.4%	1,9 M €	+9.7%	1,7 M €	+1.6%	1,7 M €	+5.6%	1,6 M €	-22.0%	2 M €	+387%	416,3 k €
Net result	1,4 M €	+36.4%	1 M €	-26.4%	1,4 M €	+55.9%	894,8 k €	-6.7%	958,9 k €	+2.4%	936,3 k €	-34.0%	1,4 M €	+476%	246 k €	-56.5%	564,9 k €	-51.0%	1,2 M €	+12.3%	1 M €	-19.5%	1,3 M €	+46.8%	868,9 k €	-2.5%	891 k €	-29.2%	1,3 M €	+10.8%	1,1 M €	+0.6%	1,1 M €	+2.5%	1,1 M €	-18.9%	1,4 M €	+397%	273,3 k €
Balance sheet
Equity	12,5 M €	+12.6%	11,1 M €	+10.2%	10,1 M €	+16.0%	8,7 M €	+11.4%	7,8 M €	+14.0%	6,9 M €	+15.8%	5,9 M €	+31.5%	4,5 M €	+5.8%	4,3 M €	+15.3%	3,7 M €	+45.4%	2,5 M €	+67.9%	1,5 M €	+22.3%	1,2 M €	-11.8%	1,4 M €	-7.2%	1,5 M €	+7.7%	1,4 M €	+2.6%	1,4 M €	-38.9%	2,2 M €	+96.8%	1,1 M €	+114%	531 k €
Total assets	15,7 M €	+10.0%	14,3 M €	+11.2%	12,8 M €	+14.8%	11,2 M €	+18.9%	9,4 M €	+16.5%	8,1 M €	+4.7%	7,7 M €	+16.0%	6,7 M €	-5.0%	7 M €	+11.7%	6,3 M €	+55.9%	4 M €	-4.8%	4,2 M €	+95.6%	2,2 M €	+12.8%	1,9 M €	-37.6%	3,1 M €	+3.5%	3 M €	+30.8%	2,3 M €	-34.3%	3,4 M €	+36.0%	2,5 M €	+40.1%	1,8 M €
Cash	1,5 M €	+93.5%	769,5 k €	-63.6%	2,1 M €	-11.7%	2,4 M €	-25.8%	3,2 M €	+15.5%	2,8 M €	-3.7%	2,9 M €	+707%	359,1 k €	-67.0%	1,1 M €	+129%	475,7 k €	-25.5%	638,6 k €	-70.7%	2,2 M €	+150%	871,5 k €	+61.8%	538,5 k €	-70.5%	1,8 M €	+2633%	66,9 k €	-86.3%	489,6 k €	-1.0%	494,6 k €	-19.0%	610,4 k €	-20.3%	766,1 k €
Debts	3,2 M €	+0.9%	3,2 M €	+15.1%	2,7 M €	+10.6%	2,5 M €	+55.2%	1,6 M €	+30.7%	1,2 M €	-32.0%	1,8 M €	-16.6%	2,2 M €	-21.7%	2,7 M €	+6.5%	2,6 M €	+74.0%	1,5 M €	-45.3%	2,7 M €	+194%	921,8 k €	+80.6%	510,5 k €	-67.1%	1,6 M €	-0.3%	1,6 M €	+75.4%	888,3 k €	-26.3%	1,2 M €	-13.6%	1,4 M €	+9.2%	1,3 M €
Other
Workforce	27,3 ETP	+2.2%	26,7 ETP	-6.3%	28,5 ETP	-5.9%	30,3 ETP	+7.4%	28,2 ETP	+6.8%	26,4 ETP	-1.9%	26,9 ETP	+3.9%	25,9 ETP	0.0%	25,9 ETP	+8.8%	23,8 ETP	+22.1%	19,5 ETP	+7.7%	18,1 ETP	+7.7%	16,8 ETP	0.0%	16,8 ETP	0.0%	16,8 ETP	+5.0%	16,0 ETP	-1.8%	16,3 ETP	-3.0%	16,8 ETP	0.0%	16,8 ETP	0.0%	16,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 50 ended

Active mandates

Alnibo Groep

Director · since 01 janvier 2026 · until 30 mai 2031 · 0875.738.665

Represented by Alexander Borgmans

Active

Annemie Vandebril

Director · since 01 janvier 2026 · until 30 mai 2031

Active

Geert Scheepers

Director · since 01 janvier 2026 · until 30 mai 2031

Active

Smart Invest

Director · since 01 janvier 2026 · until 30 mai 2031 · 0652.603.231

Represented by Maxim De Witte

Active

Tony Borgmans

Managing director · since 01 janvier 2026 · until 30 mai 2031

Active

Ended mandates

Alnibo Groep

Managing director · since 30 mai 2025 · until 31 mai 2027 · 0875.738.665

Represented by Tony Borgmans

Ended

GEO-ENGINEERING

Director · since 30 mai 2025 · until 31 mai 2027 · 0786.301.794

Represented by Annemie Vandebril

Ended

Annemie Vandebril

Director · since 20 décembre 2023 · until 31 mai 2027

Ended

Tony Borgmans

Managing director · since 20 décembre 2023 · until 31 mai 2027

Ended

At this address

Other companies at this address

Company	CBE no.
ALNIBO● Active	1034.212.515
Alnibo Groep● Active	0875.738.665
BORIT● Active	0823.517.924
Geo-Aquaplus● Active	0638.985.421
GEO-ENGINEERING● Active	0786.301.794
GEO-PARK● Active	0881.887.673
GEO-REAL ESTATE● Active	0420.647.923
Hydro Global Solution● Active	0770.305.704
PARTNERS IN MARKETING● Active	0473.557.265
VERIDE● Active	0537.557.370
Veride Management● Active	1040.343.509

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/06/2026	25/06/2025	19/06/2024	15/06/2023	16/06/2022	14/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	17/06/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	19/06/2024	Dutch	PDF
Full model	31/12/2022	31/05/2023	15/06/2023	Dutch	PDF
Full model	31/12/2021	31/05/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	10/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	26/06/2019	Dutch	PDF
Abridged model	30/06/2018	30/11/2018	21/12/2018	Dutch	PDF
Abridged model	30/06/2017	30/11/2017	01/12/2017	Dutch	PDF
Full model	31/12/2015	31/05/2016	24/06/2016	Dutch	PDF
Full model	31/12/2014	29/05/2015	22/06/2015	Dutch	PDF
Full model	31/12/2013	31/05/2014	27/06/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	26/06/2012	Dutch	PDF
Full model	31/12/2010	31/05/2011	09/06/2011	Dutch	PDF
Full model	31/12/2009	31/05/2010	03/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	05/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 50 ended

Active mandates

Alnibo Groep

Director · since 01 janvier 2026 · until 30 mai 2031 · 0875.738.665

Represented by Alexander Borgmans

Active

Annemie Vandebril

Director · since 01 janvier 2026 · until 30 mai 2031

Active

Geert Scheepers

Director · since 01 janvier 2026 · until 30 mai 2031

Active

Smart Invest

Director · since 01 janvier 2026 · until 30 mai 2031 · 0652.603.231

Represented by Maxim De Witte

Active

Tony Borgmans

Managing director · since 01 janvier 2026 · until 30 mai 2031

Active

Ended mandates

Alnibo Groep

Managing director · since 30 mai 2025 · until 31 mai 2027 · 0875.738.665

Represented by Tony Borgmans

Ended

GEO-ENGINEERING

Director · since 30 mai 2025 · until 31 mai 2027 · 0786.301.794

Represented by Annemie Vandebril

Ended

Annemie Vandebril

Director · since 20 décembre 2023 · until 31 mai 2027

Ended

Tony Borgmans

Managing director · since 20 décembre 2023 · until 31 mai 2027

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2022
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,4 M €↑
2024
Annual accounts 20241 M €↓
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 2022894,8 k €↓
2021
Annual accounts 2021958,9 k €↑
2020
Annual accounts 2020936,3 k €↓
2019
Annual accounts 20191,4 M €↑
2018
Annual accounts 2018246 k €↓
2018
Annual accounts 2018564,9 k €↓
2017
Annual accounts 20171,2 M €↑
2015
Annual accounts 20151 M €↓
2014
Annual accounts 20141,3 M €↑
2014
Name changeGeo-Groep N.V.
2013
Annual accounts 2013868,9 k €↓
2012
Annual accounts 2012891 k €↓
2011
Annual accounts 20111,3 M €↑
2010
Annual accounts 20101,1 M €↑
2009
Annual accounts 20091,1 M €↑
2008
Annual accounts 20081,1 M €↓
2007
Annual accounts 20071,4 M €↑
2006
Annual accounts 2006273,3 k €
15/05/2006
IncorporationPublic limited company
2006
Name changeGeo-Milieu West

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Geo-Groep

Overview

What does Geo-Groep do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline