What does Geothermal Innovation & Services do?

Geothermal Innovation & Services is an energy company in Schaarbeek. Public Limited, started on 29 April 2022, 1 establishment.

What is the address of Geothermal Innovation & Services?

The registered office of Geothermal Innovation & Services is located at Vooruitgangstraat 189, 1030 Schaarbeek.

Is Geothermal Innovation & Services still active?

Yes. According to the CBE (29 October 2026) Geothermal Innovation & Services is active, legal situation “Normale toestand”, started on 29 April 2022.

Is Geothermal Innovation & Services registered on Peppol?

Yes, Geothermal Innovation & Services is registered on the Peppol network with ID 0208:0785574789.

What is the enterprise number of Geothermal Innovation & Services?

The enterprise number of Geothermal Innovation & Services is BE0785574789.

When was Geothermal Innovation & Services founded?

Geothermal Innovation & Services was founded on 29 April 2022.

Who are the directors of Geothermal Innovation & Services?

According to the 2025 annual accounts, the directors of Geothermal Innovation & Services are: ADVIESBUREAU INZAKE WATERTECHNIEKEN (A.G.T.), Bert DE WINTER, DW CONSULTING, Sammy WUYTS, MERCURIUS VALUE CREATION, RisasoN.

Is Geothermal Innovation & Services a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 April 2022; 4 annual accounts filed, latest fiscal year 2025; 6 directors known from the annual account.

How much profit did Geothermal Innovation & Services make in 2025?

Geothermal Innovation & Services posted a profit after taxes of € 22,292 in financial year 2025.

What is the revenue of Geothermal Innovation & Services?

As a small company, Geothermal Innovation & Services is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 127,215.

Geothermal Innovation & Services (Public Limited)

Dossier Geothermal Innovation & Services, printed on 29 October 2026 from databakkes.be/en/0785574789/geothermal-innovation-services. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Geothermal Innovation & Services from Schaarbeek, company number BE0785574789, closed financial year 2025 with a result of € 22,292 after tax. For that financial year Geothermal Innovation & Services recorded a gross margin of € 127,215 and equity of € 372,953. Compared with financial year 2024, the result moved from € 26,950 to € 22,292. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 22, 2026.

What it is worth Growing

€ 372,953

▲ 6% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 22,292

▼ 17% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 381,151

▲ 48% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 72,953.

Debts at end 2025

Bank debt

€ 34,629

▼ 8% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 71,715

▲ 87% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 33,499

▲ 2% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 30,644 Gross margin 2022: € 30,644 First fiscal year in the series	€ 156,938 Gross margin 2023: € 156,938 ▲ € 126,293 vs 2022 (€ 30,644) Favourable step	€ 170,181 Gross margin 2024: € 170,181 ▲ 8% vs 2023 (€ 156,938) Favourable step	€ 127,215 Gross margin 2025: € 127,215 ▼ 25% vs 2024 (€ 170,181) Unfavourable step	▼ 25%
Profit after taxes	€ -5,767 Profit after taxes 2022: € -5,767 First fiscal year in the series	€ 29,478 Profit after taxes 2023: € 29,478 ▲ € 35,245 vs 2022 (€ -5,767) Favourable step	€ 26,950 Profit after taxes 2024: € 26,950 ▼ 9% vs 2023 (€ 29,478) Unfavourable step	€ 22,292 Profit after taxes 2025: € 22,292 ▼ 17% vs 2024 (€ 26,950) Unfavourable step	▼ 17%
Equity	€ 294,233 Equity 2022: € 294,233 First fiscal year in the series	€ 323,710 Equity 2023: € 323,710 ▲ 10% vs 2022 (€ 294,233) Favourable step	€ 350,661 Equity 2024: € 350,661 ▲ 8% vs 2023 (€ 323,710) Favourable step	€ 372,953 Equity 2025: € 372,953 ▲ 6% vs 2024 (€ 350,661) Favourable step	▲ 6%
Total debts	€ 1,016,965 Total debts 2022: € 1,016,965 First fiscal year in the series	€ 1,077,912 Total debts 2023: € 1,077,912 ▲ 6% vs 2022 (€ 1,016,965) Unfavourable step	€ 843,273 Total debts 2024: € 843,273 ▼ 22% vs 2023 (€ 1,077,912) Favourable step	€ 890,211 Total debts 2025: € 890,211 ▲ 6% vs 2024 (€ 843,273) Unfavourable step	▲ 6%
Cash	€ 253,079 Cash 2022: € 253,079 First fiscal year in the series	€ 424,030 Cash 2023: € 424,030 ▲ 68% vs 2022 (€ 253,079) Favourable step	€ 257,062 Cash 2024: € 257,062 ▼ 39% vs 2023 (€ 424,030) Unfavourable step	€ 381,151 Cash 2025: € 381,151 ▲ 48% vs 2024 (€ 257,062) Favourable step	▲ 48%
Retained profit	€ -5,767 Retained profit 2022: € -5,767 First fiscal year in the series	€ 23,710 Retained profit 2023: € 23,710 ▲ € 29,478 vs 2022 (€ -5,767) Favourable step	€ 50,661 Retained profit 2024: € 50,661 ▲ 114% vs 2023 (€ 23,710) Favourable step	€ 72,953 Retained profit 2025: € 72,953 ▲ 44% vs 2024 (€ 50,661) Favourable step	▲ 44%
Bank debt	€ 900,000 Bank debt 2022: € 900,000 First fiscal year in the series	€ 68,751 Bank debt 2023: € 68,751 ▼ 92% vs 2022 (€ 900,000) Favourable step	€ 37,571 Bank debt 2024: € 37,571 ▼ 45% vs 2023 (€ 68,751) Favourable step	€ 34,629 Bank debt 2025: € 34,629 ▼ 8% vs 2024 (€ 37,571) Favourable step	▼ 8%
Balance sheet total	€ 1,311,198 Balance sheet total 2022: € 1,311,198 First fiscal year in the series	€ 1,401,622 Balance sheet total 2023: € 1,401,622 ▲ 7% vs 2022 (€ 1,311,198) Unchanged	€ 1,193,933 Balance sheet total 2024: € 1,193,933 ▼ 15% vs 2023 (€ 1,401,622) Unchanged	€ 1,263,164 Balance sheet total 2025: € 1,263,164 ▲ 6% vs 2024 (€ 1,193,933) Unchanged	▲ 6%

Key figures of Geothermal Innovation & Services, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Geothermal Innovation & Services?

What happened at Geothermal Innovation & Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 ADVIESBUREAU INZAKE WATERTECHNIEKEN (A.G.T.) stepped down as director. NBB
2028 Bert DE WINTER stepped down as director. NBB
2028 DW CONSULTING stepped down as director. NBB
2028 Sammy WUYTS stepped down as director. NBB
2028 MERCURIUS VALUE CREATION stepped down as director. NBB
2028 RisasoN stepped down as director. NBB
Sep 22, 2026 New annual accounts for financial year 2025: profit of € 22,292 (▼ 17% vs 2024). filed late Source: NBB ↗
2024 RisasoN became a director. NBB

In short

From € 5,767 loss in 2022 to € 22,292 profit in 2025.

Paid € 26,168 in corporate taxes since 2022.

Best year ever: 2023, with € 29,478 profit.

Original PDFs at the National Bank ↗

Management

IFTECH 33.3%

Vlaamse Maatschappij voor Watervoorziening 33.3%

MATEXI GROUP 33.3%

The stake of IFTECH, Vlaamse Maatschappij voor Watervoorziening, MATEXI GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Geothermal Innovation & Services

The shares are held by IFTECH (33.3%), Vlaamse Maatschappij voor Watervoorziening (33.3%) and MATEXI GROUP (33.3%).