ACTIVE

GEOTHERMA (SRL)

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Financial year 2025 · closed on 30/09/2025

Net result

819,9 k €

+277.3% YoY

Revenue

15,3 M €

Equity

2,3 M €

+19.3% YoY

Workforce

21,1 ETP

-13.5% YoY

What does GEOTHERMA do?

GEOTHERMA is a Private limited company incorporated in 2008. Its registered office is in Hoegaarden. It employs on average 21,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.156.346

Incorporation

07/07/2008

Legal form

Private limited company

Registered office

Bleyveldstraat 6
3320 Hoegaarden · FlandreSee on map

Contributed capital

10 000,00 €

Latest accounts

30/09/2025

Average workforce

21,1 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	15,3 M €		–		–		–		–		–		–		–		–		–		–		–		–		2,2 M €	+24.5%	1,8 M €	+97.7%	911,2 k €	+57.0%	580,3 k €
EBITDA	1,5 M €	+152%	603,1 k €	-60.2%	1,5 M €	+60.6%	943,6 k €	+54.5%	610,6 k €	-18.1%	745,2 k €	+30.2%	572,5 k €	+96.0%	292,1 k €	+182%	103,5 k €	-51.2%	212,1 k €	+68.7%	125,7 k €	+19.7%	105 k €	+43.8%	73 k €	-64.6%	206,4 k €	+41.7%	145,6 k €	+126%	64,6 k €	+4.7%	61,7 k €
Operating result	1,2 M €	+203%	401,5 k €	-69.8%	1,3 M €	+49.6%	889,8 k €	+54.1%	577,6 k €	-17.5%	700,1 k €	+30.8%	535,4 k €	+107%	259,2 k €	+146%	105,4 k €	-32.5%	156,2 k €	+36.0%	114,9 k €	+34.4%	85,5 k €	+55.6%	54,9 k €	-71.1%	190,3 k €	+50.3%	126,6 k €	+156%	49,4 k €	-12.7%	56,6 k €
Net result	819,9 k €	+277%	217,3 k €	-76.2%	913,8 k €	+42.8%	639,8 k €	+53.8%	416,1 k €	-13.9%	483,4 k €	+32.1%	365,9 k €	+134%	156,6 k €	+143%	64,4 k €	-38.4%	104,5 k €	+33.4%	78,3 k €	+33.7%	58,6 k €	+41.3%	41,5 k €	-64.2%	115,7 k €	+47.2%	78,6 k €	+195%	26,7 k €	-30.4%	38,3 k €
Balance sheet
Equity	2,3 M €	+19.3%	1,9 M €	+13.0%	1,7 M €	+38.3%	1,2 M €	+43.1%	845,8 k €	0.0%	845,8 k €	+133%	362,4 k €	0.0%	362,4 k €	0.0%	362,4 k €	0.0%	362,4 k €	+40.5%	257,9 k €	+0.1%	257,6 k €	+29.4%	199 k €	+26.3%	157,5 k €	+71.6%	91,8 k €	+45.2%	63,2 k €	+30.8%	48,3 k €
Total assets	5,7 M €	-8.3%	6,2 M €	+0.3%	6,2 M €	+83.6%	3,4 M €	+41.0%	2,4 M €	+44.7%	1,6 M €	+16.9%	1,4 M €	+31.4%	1,1 M €	+44.5%	740,4 k €	+5.0%	705,1 k €	+32.6%	531,6 k €	+5.7%	502,8 k €	+44.2%	348,7 k €	-13.8%	404,4 k €	+10.8%	364,9 k €	+65.7%	220,2 k €	+56.0%	141,2 k €
Cash	240,5 k €	+58.4%	151,8 k €	+12.7%	134,7 k €	+0.5%	134,1 k €	-61.4%	347,1 k €	+1.3%	342,8 k €	+116%	158,8 k €	+130%	68,9 k €	-22.7%	89,1 k €	-24.0%	117,3 k €	-24.9%	156,3 k €	+41.2%	110,7 k €	+86.4%	59,4 k €	-42.5%	103,2 k €	+40.8%	73,3 k €	+82.6%	40,1 k €	+10.3%	36,4 k €
Debts	3,4 M €	-20.5%	4,3 M €	-4.4%	4,5 M €	+109%	2,1 M €	+39.8%	1,5 M €	+93.2%	792,6 k €	-24.0%	1 M €	+47.5%	707,2 k €	+87.1%	378 k €	+10.3%	342,7 k €	+25.2%	273,7 k €	+11.6%	245,2 k €	+63.7%	149,8 k €	-37.7%	240,6 k €	-11.9%	273,1 k €	+74.0%	157 k €	+72.8%	90,9 k €
Other
Workforce	21,1 ETP	-13.5%	24,4 ETP	+20.2%	20,3 ETP	+29.3%	15,7 ETP	+31.9%	11,9 ETP	+24.0%	9,6 ETP	+26.3%	7,6 ETP	+117%	3,5 ETP	+16.7%	3,0 ETP	+50.0%	2,0 ETP	-20.0%	2,5 ETP	0.0%	2,5 ETP	+25.0%	2,0 ETP	+100%	1,0 ETP	+233%	0,3 ETP	-70.0%	1,0 ETP	+900%	0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 7 ended

Active mandates

Johan Collaert

Director

Active

NO2CO2

Director · 0762.798.496

Represented by Guy Goossens

Active

Ended mandates

GEOTHERMA

Director · since 11 février 2021 · 0899.156.346

Represented by Tom Hermans

Ended

Johan Collaert

Director · since 25 juillet 2008

Ended

Johan Collaert

Manager · since 25 juillet 2008

Ended

Tom Hermans

Director · since 25 juillet 2008 · until 10 février 2021

Ended

At this address

Other companies at this address

Company	CBE no.
JORDAAN ENERGY SYSTEMS● Active	0548.665.553
SVL● Active	1025.881.304

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/03/2026	28/03/2025	21/03/2024	05/04/2023	29/03/2022	31/03/2021
General meeting	06/03/2026	03/03/2025	04/03/2024	06/03/2023	07/03/2022	01/03/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	06/03/2026	16/03/2026	Dutch	PDF
Abridged model	30/09/2024	03/03/2025	28/03/2025	Dutch	PDF
Abridged model	30/09/2023	04/03/2024	21/03/2024	Dutch	PDF
Abridged model	30/09/2022	06/03/2023	05/04/2023	Dutch	PDF
Abridged model	30/09/2021	07/03/2022	29/03/2022	Dutch	PDF
Abridged model	30/09/2020	01/03/2021	31/03/2021	Dutch	PDF
Abridged model	30/09/2019	02/03/2020	13/03/2020	Dutch	PDF
Abridged model	30/09/2018	04/03/2019	07/05/2019	Dutch	PDF
Abridged model	30/09/2017	05/03/2018	24/04/2018	Dutch	PDF
Abridged model	30/09/2016	06/03/2017	18/05/2017	Dutch	PDF
Abridged model	30/09/2015	07/03/2016	28/04/2016	Dutch	PDF
Abridged model	30/09/2014	02/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	03/03/2014	28/04/2014	Dutch	PDF
Abridged model	30/09/2012	30/11/2012	07/03/2013	Dutch	PDF
Abridged model	30/09/2011	05/03/2012	29/03/2012	Dutch	PDF
Abridged model	30/09/2010	01/03/2011	14/03/2011	Dutch	PDF
Abridged model	30/09/2009	01/03/2010	26/03/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/09/2025 · 2 active · 7 ended

Active mandates

Johan Collaert

Director

Active

NO2CO2

Director · 0762.798.496

Represented by Guy Goossens

Active

Ended mandates

GEOTHERMA

Director · since 11 février 2021 · 0899.156.346

Represented by Tom Hermans

Ended

Johan Collaert

Director · since 25 juillet 2008

Ended

Johan Collaert

Manager · since 25 juillet 2008

Ended

Tom Hermans

Director · since 25 juillet 2008 · until 10 février 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/06/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other25/07/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025819,9 k €↑
2024
Annual accounts 2024217,3 k €↓
2023
Annual accounts 2023913,8 k €↑
2022
Annual accounts 2022639,8 k €↑
2021
Annual accounts 2021416,1 k €↓
2020
Annual accounts 2020483,4 k €↑
2019
Annual accounts 2019365,9 k €↑
2018
Annual accounts 2018156,6 k €↑
2017
Annual accounts 201764,4 k €↓
2016
Annual accounts 2016104,5 k €↑
2015
Annual accounts 201578,3 k €↑
2014
Annual accounts 201458,6 k €↑
2013
Annual accounts 201341,5 k €↓
2012
Annual accounts 2012115,7 k €↑
2011
Annual accounts 201178,6 k €↑
2010
Annual accounts 201026,7 k €↓
2009
Annual accounts 200938,3 k €
07/07/2008
IncorporationPrivate limited company

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

GEOTHERMA (SRL)

Overview

What does GEOTHERMA do?

Trend over 17 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