What does GE'OLIVE do?

GE'OLIVE is a heating and ventilation installer in Wellin. Private Limited, started on 1 October 2007, 1 establishment.

What is the address of GE'OLIVE?

The registered office of GE'OLIVE is located at Rue de Marcatin,Chanly 38, 6921 Wellin.

Is GE'OLIVE still active?

Yes. According to the CBE (30 October 2026) GE'OLIVE is active, legal situation “Normale toestand”, started on 1 October 2007.

Is GE'OLIVE registered on Peppol?

Yes, GE'OLIVE is registered on the Peppol network with ID 0208:0892444045.

What is the enterprise number of GE'OLIVE?

The enterprise number of GE'OLIVE is BE0892444045.

When was GE'OLIVE founded?

GE'OLIVE was founded on 1 October 2007.

Who are the directors of GE'OLIVE?

According to the 2025 annual accounts, the directors of GE'OLIVE are: FREDERIC VANDESANDE.

Is GE'OLIVE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 October 2007; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did GE'OLIVE make in 2025?

GE'OLIVE posted a profit after taxes of € 394,163 in financial year 2025.

What is the revenue of GE'OLIVE?

As a small company, GE'OLIVE is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 890,338.

How much does an employee at GE'OLIVE earn?

The average wage cost per full-time employee at GE'OLIVE was € 63,800 in 2023: staff costs of € 197,686 for 3.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

Does GE'OLIVE have a website?

Yes, GE'OLIVE has a website at geo-therm.be.

GE'OLIVE (Private Limited) - Wellin - BE0892444045

Dossier GE'OLIVE, printed on 30 October 2026 from databakkes.be/en/0892444045/ge-olive. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

GE'OLIVE from Wellin, company number BE0892444045, closed financial year 2025 with a result of € 394,163 after tax. For that financial year GE'OLIVE recorded a gross margin of € 890,338 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 331,265 to € 394,163. Profitable, and profit is growing. 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 November 27, 2025.

What it is worth Growing

€ 1.7 million

▲ 6% vs 2024

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

Profit Growing

€ 394,163

▲ 19% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 862,563

▲ € 693,229 vs 2024

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

Where the profit goes Pays out

€ 299,086 paid out

76 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Wage cost

€ 230,990

▲ 19% vs 2024

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

€ 131,246

▲ 2% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 6 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.

€ 315,216

▼ 15% vs 2024

€ 57,245 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 74,077

▲ 15% vs 2024

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

Taxes and wages

€ 127,166

▲ 115% 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	€ 580,489 Gross margin 2022: € 580,489 First fiscal year in the series	€ 817,856 Gross margin 2023: € 817,856 ▲ 41% vs 2022 (€ 580,489) Favourable step	€ 809,265 Gross margin 2024: € 809,265 ▼ 1% vs 2023 (€ 817,856) Unfavourable step	€ 890,338 Gross margin 2025: € 890,338 ▲ 10% vs 2024 (€ 809,265) Favourable step	▲ 10%
Profit after taxes	€ 253,307 Profit after taxes 2022: € 253,307 First fiscal year in the series	€ 376,144 Profit after taxes 2023: € 376,144 ▲ 48% vs 2022 (€ 253,307) Favourable step	€ 331,265 Profit after taxes 2024: € 331,265 ▼ 12% vs 2023 (€ 376,144) Unfavourable step	€ 394,163 Profit after taxes 2025: € 394,163 ▲ 19% vs 2024 (€ 331,265) Favourable step	▲ 19%
Equity	€ 892,614 Equity 2022: € 892,614 First fiscal year in the series	€ 1,268,133 Equity 2023: € 1,268,133 ▲ 42% vs 2022 (€ 892,614) Favourable step	€ 1,561,353 Equity 2024: € 1,561,353 ▲ 23% vs 2023 (€ 1,268,133) Favourable step	€ 1,655,780 Equity 2025: € 1,655,780 ▲ 6% vs 2024 (€ 1,561,353) Favourable step	▲ 6%
Total debts	€ 415,476 Total debts 2022: € 415,476 First fiscal year in the series	€ 320,917 Total debts 2023: € 320,917 ▼ 23% vs 2022 (€ 415,476) Favourable step	€ 646,207 Total debts 2024: € 646,207 ▲ 101% vs 2023 (€ 320,917) Unfavourable step	€ 928,737 Total debts 2025: € 928,737 ▲ 44% vs 2024 (€ 646,207) Unfavourable step	▲ 44%
Cash	€ 373,415 Cash 2022: € 373,415 First fiscal year in the series	€ 197,835 Cash 2023: € 197,835 ▼ 47% vs 2022 (€ 373,415) Unfavourable step	€ 169,333 Cash 2024: € 169,333 ▼ 14% vs 2023 (€ 197,835) Unfavourable step	€ 862,563 Cash 2025: € 862,563 ▲ € 693,229 vs 2024 (€ 169,333) Favourable step	▲ € 693,229
Land & buildings	€ 319,010 Land & buildings 2022: € 319,010 First fiscal year in the series	€ 303,491 Land & buildings 2023: € 303,491 ▼ 5% vs 2022 (€ 319,010) Unchanged	€ 801,249 Land & buildings 2024: € 801,249 ▲ 164% vs 2023 (€ 303,491) Unchanged	€ 761,715 Land & buildings 2025: € 761,715 ▼ 5% vs 2024 (€ 801,249) Unchanged	▼ 5%
Retained profit	€ 845,164 Retained profit 2022: € 845,164 First fiscal year in the series	€ 1,221,308 Retained profit 2023: € 1,221,308 ▲ 45% vs 2022 (€ 845,164) Favourable step	€ 1,515,265 Retained profit 2024: € 1,515,265 ▲ 24% vs 2023 (€ 1,221,308) Favourable step	€ 1,610,342 Retained profit 2025: € 1,610,342 ▲ 6% vs 2024 (€ 1,515,265) Favourable step	▲ 6%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 37,307 Dividend 2024: € 37,307 Unchanged (€ 0) Unchanged	€ 299,086 Dividend 2025: € 299,086 ▲ € 261,778 vs 2024 (€ 37,307) Unchanged	▲ € 261,778
Bank debt	€ 83,802 Bank debt 2022: € 83,802 First fiscal year in the series	€ 16,317 Bank debt 2023: € 16,317 ▼ 81% vs 2022 (€ 83,802) Favourable step	€ 370,532 Bank debt 2024: € 370,532 ▲ € 354,214 vs 2023 (€ 16,317) Unfavourable step	€ 315,216 Bank debt 2025: € 315,216 ▼ 15% vs 2024 (€ 370,532) Favourable step	▼ 15%
Balance sheet total	€ 1,309,089 Balance sheet total 2022: € 1,309,089 First fiscal year in the series	€ 1,589,050 Balance sheet total 2023: € 1,589,050 ▲ 21% vs 2022 (€ 1,309,089) Unchanged	€ 2,207,560 Balance sheet total 2024: € 2,207,560 ▲ 39% vs 2023 (€ 1,589,050) Unchanged	€ 2,584,517 Balance sheet total 2025: € 2,584,517 ▲ 17% vs 2024 (€ 2,207,560) Unchanged	▲ 17%
Employees (FTE)	3 Employees (FTE) 2022: 3 First fiscal year in the series	3.1 Employees (FTE) 2023: 3.1 ▲ 0.1 vs 2022 (3) Unchanged	-	-

Key figures of GE'OLIVE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to GE'OLIVE?

What happened at GE'OLIVE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Nov 27, 2025 New annual accounts for financial year 2025: profit of € 394,163 (▲ 19% vs 2024). Source: NBB ↗
Oct 1, 2007 New establishment in Wellin. KBO
2007 FREDERIC VANDESANDE became a director. NBB
Oct 1, 2007 Start of the company according to the CBE. KBO

In short

From € 253,307 profit in 2022 to € 394,163 profit in 2025.

Paid € 617,809 in corporate taxes since 2022.

Best year ever: 2025, with € 394,163 profit.

On average € 263,800 of value added per employee in 2023.

Original PDFs at the National Bank ↗

Management

FREDERIC VANDESANDE

GE'OLIVE

Behind GE'OLIVE is FREDERIC VANDESANDE.

Directors

According to the 2025 annual accounts

FREDERIC VANDESANDE

Manager

since 2007

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de Marcatin,Chanly 38

6921 Wellin

2.166.027.321

Rue Jean Meunier,Halma 2 box A

6922 Wellin

Active since 1 October 2007

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 →

Young Cyclists Support asbl

GEO-IMMO

€ 30,400 gross margin · 2025

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

Website

HTTPS geo-therm.be

Canonical: https://www.geo-therm.be/

Technologies

ApacheAutoptimizeContact Form 7DiviGoogle FontsPHPWordPressWordfenceYouTube EmbedjQuery

Hosting & Email

Email provider

Self-hosted

Hosting

INFOMANIAK-AS, CH

Website info

HTTPS Ja

Indexable pages 17

Languages FR

Features

Contact page

Security

✓ HTTPS

✓ SPF

✓ DMARC

Network

✓ IPv6

Details

Company number

0892.444.045

VAT number

BE 0892.444.045

Registered office

Rue de Marcatin,Chanly 38, 6921 Wellin

Names & denominations

GE'OLIVE

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

1 October 2007

Peppol

Active · Active since 8 Dec 2025

Contact

geo-therm.be [email protected] +32496231141

Activities · NACE

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Installatie van verwarming, klimaatregeling en ventilatie

Sanitaire werkzaamheden

Overig loodgieterswerk

View on CBE Public ↗ Annual accounts (NBB) ↗

GE'OLIVE

Financials

What happened to GE'OLIVE?

Management

Directors

Establishments

Establishment units

Who else lives here?

Website

Technologies

Hosting & Email

Website info

Features

Security

Network

Details

Frequently asked questions