What does Geerts HS do?

Geerts HS is a plumbing and heating installer in Olen. Private Limited, started on 14 April 2009, 1 establishment.

What is the address of Geerts HS?

The registered office of Geerts HS is located at Geelseweg 54, 2250 Olen.

Is Geerts HS still active?

Yes. According to the CBE (30 October 2026) Geerts HS is active, legal situation “Normale toestand”, started on 14 April 2009.

Is Geerts HS registered on Peppol?

Yes, Geerts HS is registered on the Peppol network with ID 0208:0811186947.

What is the enterprise number of Geerts HS?

The enterprise number of Geerts HS is BE0811186947.

When was Geerts HS founded?

Geerts HS was founded on 14 April 2009.

Who are the directors of Geerts HS?

According to the 2025 annual accounts, the directors of Geerts HS are: DMG BV, Qulo BV.

Is Geerts HS a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 14 April 2009; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did Geerts HS make in 2025?

Geerts HS posted a profit after taxes of € 17,354 in financial year 2025.

What is the revenue of Geerts HS?

As a small company, Geerts HS is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 403,323.

How much does an employee at Geerts HS earn?

The average wage cost per full-time employee at Geerts HS was € 70,300 in 2025: staff costs of € 330,195 for 4.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Geerts HS have?

According to the 2025 annual accounts, Geerts HS has 4.7 full-time equivalents (FTE).

Geerts HS (Private Limited) - Olen - BE0811186947

Dossier Geerts HS, printed on 30 October 2026 from databakkes.be/en/0811186947/geerts-hs. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

Geerts HS from Olen, company number BE0811186947, closed financial year 2025 with a result of € 17,354 after tax. For that financial year Geerts HS recorded a gross margin of € 403,323 and equity of € 236,265. Compared with financial year 2024, the result moved from € 77,651 to € 17,354. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.

What it is worth Growing

€ 236,265

▲ 8% vs 2024

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

Profit Healthy

€ 17,354

▼ 78% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 108,346

▼ 39% 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 € 217,665.

People and assets in 2025

Full-time equivalents

4.7

▲ 0.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 330,195

▼ 30% vs 2024

€ 70,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 61,291

▲ 5% vs 2024

Of which on lease € 32,819.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 117,468

▲ 21% vs 2024

€ 8,448 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 149,286

▼ 36% vs 2024

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

Taxes and wages

€ 3,134

▼ 64% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 395,816 Gross margin 2022: € 395,816 First fiscal year in the series	€ 701,015 Gross margin 2023: € 701,015 ▲ 77% vs 2022 (€ 395,816) Favourable step	€ 634,166 Gross margin 2024: € 634,166 ▼ 10% vs 2023 (€ 701,015) Unfavourable step	€ 403,323 Gross margin 2025: € 403,323 ▼ 36% vs 2024 (€ 634,166) Unfavourable step	▼ 36%
Profit after taxes	€ 47,269 Profit after taxes 2022: € 47,269 First fiscal year in the series	€ 249,636 Profit after taxes 2023: € 249,636 ▲ € 202,368 vs 2022 (€ 47,269) Favourable step	€ 77,651 Profit after taxes 2024: € 77,651 ▼ 69% vs 2023 (€ 249,636) Unfavourable step	€ 17,354 Profit after taxes 2025: € 17,354 ▼ 78% vs 2024 (€ 77,651) Unfavourable step	▼ 78%
Equity	€ 31,625 Equity 2022: € 31,625 First fiscal year in the series	€ 141,261 Equity 2023: € 141,261 ▲ € 109,636 vs 2022 (€ 31,625) Favourable step	€ 218,912 Equity 2024: € 218,912 ▲ 55% vs 2023 (€ 141,261) Favourable step	€ 236,265 Equity 2025: € 236,265 ▲ 8% vs 2024 (€ 218,912) Favourable step	▲ 8%
Total debts	€ 832,892 Total debts 2022: € 832,892 First fiscal year in the series	€ 768,145 Total debts 2023: € 768,145 ▼ 8% vs 2022 (€ 832,892) Favourable step	€ 484,829 Total debts 2024: € 484,829 ▼ 37% vs 2023 (€ 768,145) Favourable step	€ 391,056 Total debts 2025: € 391,056 ▼ 19% vs 2024 (€ 484,829) Favourable step	▼ 19%
Cash	€ 176,301 Cash 2022: € 176,301 First fiscal year in the series	€ 123,235 Cash 2023: € 123,235 ▼ 30% vs 2022 (€ 176,301) Unfavourable step	€ 178,493 Cash 2024: € 178,493 ▲ 45% vs 2023 (€ 123,235) Favourable step	€ 108,346 Cash 2025: € 108,346 ▼ 39% vs 2024 (€ 178,493) Unfavourable step	▼ 39%
Land & buildings	€ 6,630 Land & buildings 2022: € 6,630 First fiscal year in the series	€ 3,354 Land & buildings 2023: € 3,354 ▼ 49% vs 2022 (€ 6,630) Unchanged	€ 1,947 Land & buildings 2024: € 1,947 ▼ 42% vs 2023 (€ 3,354) Unchanged	€ 123 Land & buildings 2025: € 123 ▼ 94% vs 2024 (€ 1,947) Unchanged	▼ 94%
Retained profit	€ 13,025 Retained profit 2022: € 13,025 First fiscal year in the series	€ 122,661 Retained profit 2023: € 122,661 ▲ € 109,636 vs 2022 (€ 13,025) Favourable step	€ 200,312 Retained profit 2024: € 200,312 ▲ 63% vs 2023 (€ 122,661) Favourable step	€ 217,665 Retained profit 2025: € 217,665 ▲ 9% vs 2024 (€ 200,312) Favourable step	▲ 9%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 140,000 Dividend 2023: € 140,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 140,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 114,474 Bank debt 2022: € 114,474 First fiscal year in the series	€ 48,120 Bank debt 2023: € 48,120 ▼ 58% vs 2022 (€ 114,474) Favourable step	€ 97,312 Bank debt 2024: € 97,312 ▲ 102% vs 2023 (€ 48,120) Unfavourable step	€ 117,468 Bank debt 2025: € 117,468 ▲ 21% vs 2024 (€ 97,312) Unfavourable step	▲ 21%
Balance sheet total	€ 864,517 Balance sheet total 2022: € 864,517 First fiscal year in the series	€ 909,406 Balance sheet total 2023: € 909,406 ▲ 5% vs 2022 (€ 864,517) Unchanged	€ 703,740 Balance sheet total 2024: € 703,740 ▼ 23% vs 2023 (€ 909,406) Unchanged	€ 627,322 Balance sheet total 2025: € 627,322 ▼ 11% vs 2024 (€ 703,740) Unchanged	▼ 11%
Employees (FTE)	5.6 Employees (FTE) 2022: 5.6 First fiscal year in the series	5.7 Employees (FTE) 2023: 5.7 ▲ 0.1 vs 2022 (5.6) Unchanged	4.6 Employees (FTE) 2024: 4.6 ▼ 1.1 vs 2023 (5.7) Unchanged	4.7 Employees (FTE) 2025: 4.7 ▲ 0.1 vs 2024 (4.6) Unchanged	▲ 0.1

Key figures of Geerts HS, 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 Geerts HS?

What happened at Geerts HS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 24, 2026 New annual accounts for financial year 2025: profit of € 17,354 (▼ 78% vs 2024). Source: NBB ↗
Apr 16, 2009 New establishment in Olen. KBO
Apr 14, 2009 Start of the company according to the CBE. KBO

In short

From € 47,269 profit in 2022 to € 17,354 profit in 2025.

Paid € 88,434 in corporate taxes since 2022.

Best year ever: 2023, with € 249,636 profit.

On average € 85,800 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

DMG BV Qulo BV

Geerts HS

Behind Geerts HS are DMG BV and Qulo BV.

Directors

According to the 2025 annual accounts

DMG BV

Director · represented by Geerts Tinny

Qulo BV

Director · represented by Geerts Stefanie

Establishments

Establishment units

Physical locations of this company

Registered office

Geelseweg 54

2250 Olen

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

FIRE - DESIGN

€ 94,698 gross margin · 2025

Groep Geerts HS

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0811.186.947

VAT number

BE 0811.186.947

Registered office

Geelseweg 54, 2250 Olen

Names & denominations

Geerts HS

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

14 April 2009

Peppol

Active · Active since 27 Jun 2025

Activities · NACE

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door andere energiebronnen dan elektriciteit

Bouw van sierschouwen en open haarden

Overige niet-gespecialiseerde detailhandel

Overige reiniging van gebouwen; industriële reiniging

Detailhandel via postorderbedrijven of via internet

View on CBE Public ↗ Annual accounts (NBB) ↗

Geerts HS

Warning lights

Financials

What happened to Geerts HS?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions