GEN Electro
ActiveGEN Electro has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65k and a net result of €36k. Equity is growing by ~41.8% per year across the filed fiscal years. Its solvency ranks better than 82% of 976 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+12
Solvency99▲+28
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.2 against 1.58 in 2024; short-term debt: 25.4% and cash: 8.9% of total assets), and 25.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.3%
Return on assets
41%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
47 d late
2023
on the day
2022
31 d late
2021
107 d late
2020
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€65k▲ 65.7%
2024 · €39k
2020: €11k
2021: €15k
2022: €17k
2023: €36k
2024: €39k
2020 → 2025
Total assets
€87k▲ 3.1%
2024 · €84k
2020: €31k
2021: €38k
2022: €51k
2023: €103k
2024: €84k
2020 → 2025
Net result
€36k▲ 177%
2024 · €13k
2020: €3k
2021: €4k
2022: €2k
2023: €22k
2024: €13k
2020 → 2025
Working capital
€49k▲ 85.0%
2024 · €26k
2020: €6k
2021: €6k
2022: €8k
2023: €29k
2024: €26k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15k-€17k▲ 11.7%€36k▲ 113%€39k▲ 7.9%€65k▲ 65.7%
Operating result€4k-€4k▼ 16.4%€31k▲ 747%€20k▼ 35.0%€53k▲ 164%
Net result€4k-€2k▼ 55.0%€22k▲ 1,168%€13k▼ 42.8%€36k▲ 177%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 164% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87k
Fixed assets
€16k▲ 28.6%
Current assets
€71k▼ 1.4%
Equity and liabilities €87k
Equity
€65k▲ 65.7%
Debt
€22k▼ 50.7%
The debt ratio falls from 53.8% to 25.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▲
2024 · €25k
Cash flow
€39k▲
2024 · €18k
Solvency
74.3%▲
2024 · 46.2%
Current ratio
3.20▲
2024 · 1.58
Quick ratio
2.98▲
2024 · 1.14
Debt / equity
0.35▼
2024 · 1.16
ROE
55.2%▲
2024 · 33.0%
ROA
41.0%▲
2024 · 15.2%
Interest coverage
14.16▲
2024 · 7.59
Debt
€22k▼
2024 · €45k
Debt ≤ 1 year
€22k▼
2024 · €45k
Income taxes
€14k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€84k€87k▲
Fixed assets21/28€13k€16k▲
Tangible fixed assets22/27€13k€16k▲
Land and buildings22€4k€3k▼
Plant, machinery and equipment23-€5k
Furniture and vehicles24€9k€8k▼
Current assets29/58€72k€71k▼
Stocks and contracts in progress3€20k€5k▼
Stocks30/36€20k€5k▼
Amounts receivable within one year40/41€51k€57k▲
Trade receivables40€44k€51k▲
Other amounts receivable41€8k€6k▼
Cash at bank and in hand54/58-€8k
Deferred charges and accrued income490/1€294€736▲
Equity and liabilities
Total equity and liabilities10/49€84k€87k▲
Equity10/15€39k€65k▲
Contributions10/11€8k€8k=
Profit (loss) carried forward14€31k€57k▲
Amounts payable17/49€45k€22k▼
Amounts payable within one year42/48€45k€22k▼
Current portion of amounts payable after more than one year42€338€0▼
Financial debts43€7k€0▼
Credit institutions430/8€7k€0▼
Trade debts44€20k€7k▼
Suppliers440/4€20k€7k▼
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€2k€6k▲
Remuneration and social security454/9€352€2k▲
Other amounts payable47/48€15k€8k▼
Accrued charges and deferred income492/3-€320
Income statement
Code20242025
Non-recurring operating income76A-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8€1k€999▼
Gross operating margin9900€27k€57k▲
Operating profit (loss)9901€20k€53k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€17k€49k▲
Income taxes67/77€4k€14k▲
Profit (loss) for the period9904€13k€36k▲
Profit (loss) for the period to be appropriated9905€13k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€67k▲
Profit (loss) brought forward from the previous period14P€28k€31k▲
Profit to be distributed694/7€10k€10k=
Return on contributions (dividend)694€10k€10k=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2020net €36k ▲177%
Operating result €53k, net result €36k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.20
Current ratio from 1.58 to 3.20; short-term debt falls from €45k to €22k.
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €2k ▼55%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 107 days late
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
19-11-2020
Resigned as Director
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lampestraat(Mar) 218510 KortrijkGround area
179 m²
Building footprint
139 m²
Volume, LiDAR
477 m³
Parcel 34033A0082/00B002, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GEN Electro
since 20192.297.580.996
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34033A0082/00B002 | Flanders | 179 m² | 1 · 139 m² | 6.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 2,993 EUR awarded · 2,993 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 73 EUR | 73 EUR |
| 2022 | 1 | 2,920 EUR | 2,920 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,825 companies in sector 42220 we hold annual accounts for 958. 695 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2019
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.