Financials
Financial year 2025
GEOTHERMA from Hoegaarden, company number BE0899156346, closed financial year 2025 with a result of € 819,922 after tax. For that financial year GEOTHERMA recorded revenue of € 15.3 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 217,324 to € 819,922. 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 March 16, 2026.
€ 2.3 million
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 819,922
▲ 277% vs 2024
Profit after tax over the fiscal year.
€ 240,452
▲ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 455,000 paid out
55 % of the profit went to the shareholders, mostly to NO2CO2 (100 % of the shares). That is where the money ends up.
People and assets in 2025
21.1
▼ 3.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▼ 18% vs 2024
€ 73,800 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.
€ 339,642
▼ 28% vs 2024
Of which on lease € 262,586.
Debts at end 2025
€ 2.1 million
▼ 15% vs 2024
€ 219,379 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 544,372
▼ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 16 days on average.
€ 252,814
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 15,314,021 | |
| Gross margin | € 1,998,163 | € 3,037,864 | € 2,543,840 | - | |
| Profit after taxes | € 639,763 | € 913,756 | € 217,324 | € 819,922 | ▲ 277% |
| Equity | € 1,210,516 | € 1,674,272 | € 1,891,596 | € 2,256,518 | ▲ 19% |
| Total debts | € 2,140,322 | € 4,476,380 | € 4,277,502 | € 3,398,174 | ▼ 21% |
| Cash | € 134,065 | € 134,673 | € 151,797 | € 240,452 | ▲ 58% |
| Land & buildings | - | € 1,438,796 | € 2,150,029 | € 2,126,648 | ▼ 1% |
| Retained profit | € 1,200,516 | € 1,664,272 | € 1,881,596 | € 2,246,518 | ▲ 19% |
| Dividend | € 275,000 | € 450,000 | € 0 | € 455,000 | |
| Bank debt | € 564,195 | € 2,712,158 | € 2,537,977 | € 2,145,988 | ▼ 15% |
| Balance sheet total | € 3,350,838 | € 6,150,652 | € 6,169,097 | € 5,654,692 | ▼ 8% |
| Employees (FTE) | 15.7 | 20.3 | 24.4 | 21.1 | ▼ 3.3 |
Key figures of GEOTHERMA, 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 April 2027.
What happened to GEOTHERMA?
What happened at GEOTHERMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 819,922 (▲ 277% vs 2024). Source: NBB ↗
- New establishment in Hoegaarden. KBO
- Start of the company according to the CBE. KBO
In short
From € 639,763 profit in 2022 to € 819,922 profit in 2025.
Paid € 940,511 in corporate taxes since 2022.
Best year ever: 2023, with € 913,756 profit.
On average € 104,300 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GEOTHERMA are Johan Collaert and NO2CO2 BV. The shares are held by NO2CO2 (100%).
Directors
According to the 2025 annual accounts
Johan Collaert
Director
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bleyveldstraat 6
3320 Hoegaarden
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0899.156.346
- VAT number
- BE 0899.156.346
- Registered office
- Bleyveldstraat 6, 3320 Hoegaarden
- Names & denominations
- GEOTHERMA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 2008
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Groothandel in installatiemateriaal voor loodgieterswerk en verwarming
Sanitaire werkzaamheden