GEN2 (0657.892.503): financials and annual accounts

GEN2

Auderghem ·KBO/BCE: BE 0657.892.503

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Balance sheet: assets
Total assets`20/58`	889,506	973,464	175,579	158,660	134,690	97,360	154,355	134,383	73,680	43,038
Fixed assets`21/28`	695,638	763,286	26,470	10,297	15,959	24,889	33,819	7,548	9,790	3,197
Tangible fixed assets`22/27`	1,586	2,910	6,094	9,965	14,859	23,789	32,719	6,448	8,690	2,097
Furniture and vehicles`24`	1,586	2,777	5,746	2,361	-	1,675	3,349	5,024	7,050	704
Leasing and similar rights`25`	-	-	-	7,040	14,080	-	-	-	-	-
Other tangible fixed assets`26`	-	133	348	563	779	994	1,209	1,424	1,639	1,393
Financial fixed assets`28`	694,052	760,376	20,376	333	1,100	1,100	1,100	1,100	1,100	1,100
Current assets`29/58`	193,869	210,178	149,108	148,362	118,731	72,472	120,537	126,835	63,890	39,842
Amounts receivable within one year`40/41`	41,167	-	-	41,700	3,935	11,229	61,813	-	325	175
Trade receivables`40`	-	-	-	41,140	-	873	-	-	-	-
Other amounts receivable`41`	41,167	-	-	560	3,935	10,356	61,813	-	325	175
Cash at bank and in hand`54/58`	152,010	209,232	148,193	105,829	114,007	60,680	57,061	126,724	63,292	39,667
Deferred charges and accrued income`490/1`	691	946	915	833	789	563	1,662	112	274	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	889,506	973,464	175,579	158,660	134,690	97,360	154,355	134,383	73,680	43,038
Equity`10/15`	153,086	165,322	105,280	118,532	90,302	32,173	99,426	99,041	54,305	29,432
Contributions`10/11`	-	-	18,600	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	6,200	6,200	6,200	6,200
Reserves`13`	153,086	171,000	173,000	173,000	144,770	86,641	86,641	86,641	41,905	17,032
Non-distributable reserves`130/1`	-	-	2,000	2,000	2,000	2,000	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	2,000	2,000	2,000	2,000
Reserves not available under the articles`1311`	-	-	2,000	2,000	2,000	2,000	-	-	-	-
Distributable reserves`133`	153,086	171,000	171,000	171,000	142,770	84,641	84,641	84,641	39,905	15,032
Profit (loss) carried forward`14`	-	-5,678	-86,320	-66,868	-66,868	-66,868	385	-	-	-
Amounts payable`17/49`	736,420	808,142	70,299	40,128	44,388	65,187	54,929	35,342	19,375	13,606
Amounts payable after more than one year`17`	533,314	616,367	-	-	8,077	16,084	23,659	-	-	-
Financial debts`170/4`	533,314	616,367	-	-	8,077	16,084	23,659	-	-	-
Amounts payable within one year`42/48`	203,106	191,374	70,299	40,128	36,311	49,104	31,271	27,346	19,345	13,606
Current portion of amounts payable after more than one year`42`	76,813	65,476	-	8,077	8,007	7,575	7,167	-	-	-
Trade debts`44`	78	3,702	4,681	2,604	3,082	3,061	2,124	9,850	50	-
Suppliers`440/4`	78	3,702	4,681	2,604	3,082	3,061	2,124	9,850	50	-
Taxes, remuneration and social security`45`	41,574	33,579	8,668	29,446	24,216	12,434	21,980	17,327	19,295	13,606
Taxes`450/3`	41,574	33,579	8,668	25,446	24,216	12,434	21,980	17,327	19,295	13,606
Remuneration and social security`454/9`	-	-	-	4,000	-	-	-	-	-	-
Other amounts payable`47/48`	84,641	88,617	56,950	-	1,006	26,034	-	169	-	-
Accrued charges and deferred income`492/3`	-	400	-	-	-	-	-	7,996	30	-
Income statement
Gross operating margin`9900`	36,895	134,886	69,692	51,101	127,838	24,915	14,368	64,707	40,164	26,073
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2,719	3,185	9,736	7,937	8,930	8,930	8,930	2,242	2,242	756
Other operating charges`640/8`	764	824	1,612	1,672	1,897	2,028	4,092	348	348	-
Operating profit (loss)`9901`	33,412	130,877	58,344	41,492	117,012	13,958	1,345	62,118	37,575	25,318
Financial income`75/76B`	78,199	34	-	77	-	-	1,039	-	35	-
Recurring financial income`75`	78,199	34	-	77	-	-	1,039	-	35	-
Financial charges`65/66B`	30,290	24,074	77,706	792	52,175	81,145	1,421	54	60	95
Recurring financial charges`65`	30,290	24,074	77,706	792	52,175	81,145	1,421	54	60	95
Profit (loss) for the period before taxes`9903`	81,321	106,837	-19,361	40,777	64,837	-67,187	963	62,064	37,550	25,222
Income taxes`67/77`	8,915	26,195	91	12,548	6,708	65	578	17,327	12,677	8,190
Profit (loss) for the period`9904`	72,405	80,642	-19,452	28,230	58,129	-67,253	385	44,737	24,872	17,032
Profit (loss) for the period to be appropriated`9905`	72,405	80,642	-19,452	28,230	58,129	-67,253	385	44,737	24,872	17,032
Appropriation of the result
Profit (loss) to be appropriated`9906`	66,727	-5,678	-86,320	-38,638	-8,739	-66,868	385	44,737	24,872	17,032
Profit (loss) brought forward from the previous period`14P`	-5,678	-86,320	-66,868	-66,868	-66,868	-	-	-	-	-
Transfer from equity`791/2`	84,641	2,000	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	66,727	-	-	28,230	58,129	-	-	44,737	24,872	17,032
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	2,000
To other reserves`6921`	66,727	-	-	28,230	58,129	-	-	44,737	24,872	15,032
Profit to be distributed`694/7`	84,641	2,000	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	84,641	2,000	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	31-08-2026	2026-00507958	PDF
31-12-2024	full format	31-08-2025	2025-00455850	PDF
31-12-2023	micro format	25-09-2024	2024-00485381	PDF
31-12-2022	micro format	30-08-2023	2023-00423414	PDF
31-12-2021	micro format	29-08-2022	2022-20367384	PDF
31-12-2020	micro format	16-11-2021	2021-77400435	PDF
31-12-2019	micro format	09-11-2020	2020-70400085	PDF
31-12-2018	micro format	31-08-2019	2019-63200601	PDF
31-12-2017	micro format	28-08-2018	2018-53700327	PDF
31-12-2016	micro format	16-08-2017	2017-44000288	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EBITDA	36,131	134,062	68,080	49,429	125,942	22,887	10,275	64,359	39,817	26,073
Cash flow	75,124	83,827	-9,716	36,167	67,059	-58,323	9,314	46,978	27,114	17,788
Investment in fixed assets (approximation)	1,395	740,000	25,909	3,043	0	0	35,200	0	8,835	3,630
Change in cash	-57,222	61,039	42,364	-8,178	53,328	3,619	-69,662	63,432	23,625	-
Working capital	-9,237	18,803	78,810	108,235	82,420	23,368	89,266	99,489	44,545	26,236
Solvency	17.2%	17.0%	60.0%	74.7%	67.0%	33.0%	64.4%	73.7%	73.7%	68.4%
Current ratio	0.95	1.10	2.12	3.70	3.27	1.48	3.85	4.64	3.30	2.93
Debt to equity	4.81	4.89	0.67	0.34	0.49	2.03	0.55	0.36	0.36	0.46
ROE	47.3%	48.8%	-18.5%	23.8%	64.4%	-209.0%	0.4%	45.2%	45.8%	57.9%
ROA	8.1%	8.3%	-11.1%	17.8%	43.2%	-69.1%	0.2%	33.3%	33.8%	39.6%
Interest coverage	1.19	5.57	0.88	62.44	2.41	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€610,127	€681,844	-	-	-
Pledge on other assets, amount secured	€660,257	€740,000	-	-	-
Carrying value of the other pledged assets	€694,052	€758,855	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,395	-	€5,866	€3,043	-
Financial fixed assets	-	€740,000	€20,043	-	-
Depreciation and write-downs of the year	€2,719	€3,185	€9,736	€7,937	€8,930

GEN2

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency17.2%

Current ratio0.95

Return on assets8.1%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on GEN2

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