Genappe Vision
ActiveSummary
Genappe Vision has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €539,236 and a net result of €164,934. Equity is growing by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 61% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87=
Solvency72▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 6.83 in 2024; short-term debt: 34.8% and cash: 68.8% of total assets), but 53% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
47%
Return on assets
14.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
41 d early
2023
33 d early
2022
32 d early
2021
31 d early
2020
38 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€539,236▼ 19.4%
2024 · €668,918
Total assets
€1.1m▲ 13.5%
2024 · €1.0m
Net result
€164,934▲ 12.8%
2024 · €146,224
Working capital
€464,728▼ 22.1%
2024 · €596,840
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€109,450▲ 48.8%€137,133▲ 25.3%€166,331▲ 21.3%€213,003▲ 28.1%€238,381▲ 11.9%
Net result€75,577above the sector's middle half▲ 47.9%€92,542above the sector's middle half▲ 22.4%€114,193above the sector's middle half▲ 23.4%€146,224above the sector's middle half▲ 28.1%€164,934above the sector's middle half▲ 12.8%
Equity€315,959above the sector's middle half▲ 31.4%€408,501above the sector's middle half▲ 29.3%€522,693above the sector's middle half▲ 28.0%€668,918above the sector's middle half▲ 28.0%€539,236above the sector's middle half▼ 19.4%
Total assets€700,465above the sector's middle half▲ 2.8%€766,782above the sector's middle half▲ 9.5%€868,202above the sector's middle half▲ 13.2%€1.0mabove the sector's middle half▲ 16.3%€1.1mabove the sector's middle half▲ 13.5%
Debt€384,505▼ 12.9%€358,281▼ 6.8%€345,508▼ 3.6%€341,203▼ 1.2%€607,516▲ 78.1%
Working capital€255,009above the sector's middle half▲ 51.3%€357,030above the sector's middle half▲ 40.0%€424,633above the sector's middle half▲ 18.9%€596,840above the sector's middle half▲ 40.6%€464,728above the sector's middle half▼ 22.1%
Solvency45.1%within the sector's middle half▲ 9.8pp53.3%within the sector's middle half▲ 8.2pp60.2%within the sector's middle half▲ 6.9pp66.2%above the sector's middle half▲ 6.0pp47.0%within the sector's middle half▼ 19.2pp
Current ratio5.29above the sector's middle half▲ 2.366.74above the sector's middle half▲ 1.466.41above the sector's middle half▼ 0.346.83above the sector's middle half▲ 0.422.17within the sector's middle half▼ 4.67
Return on assets (ROA)10.8%within the sector's middle half▲ 3.3pp12.1%above the sector's middle half▲ 1.3pp13.2%above the sector's middle half▲ 1.1pp14.5%above the sector's middle half▲ 1.3pp14.4%above the sector's middle half▼ 0.1pp
Staff (FTE)11=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€283,344 ▼ 8.9%
Current assets
€863,408 ▲ 23.5%
Equity and liabilities €1.1m
Equity
€539,236 ▼ 19.4%
Debt
€607,516 ▲ 78.1%
Debt's share of the balance-sheet total rises from 33.8% to 53.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€294,460▲
2024 · €267,102
Cash flow
€221,013▲
2024 · €200,323
Quick ratio
2.00▼
2024 · 6.26
Debt to equity
1.13▲
2024 · 0.51
ROE
30.6%▲
2024 · 21.9%
Interest coverage
38.47▲
2024 · 33.75
Debt ≤ 1 year
€398,680▲
2024 · €102,329
Debt > 1 year
€207,914▼
2024 · €237,586
Income taxes
€73,304▲
2024 · €64,714
Staff costs
€68,466▲
2024 · €61,827
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €47,446 | €48,958 | €52,091 | €61,827 | €68,466 | ▲ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,571 | €42,892 | €51,177 | €54,099 | €56,078 | ▲ 3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€111 | -€204 | €2,446 | €396 | €1,226 | ▲ 210% |
| Other operating charges640/8 | €2,342 | €3,043 | €5,892 | €3,646 | €4,326 | ▲ 18.7% |
| Gross operating margin9900 | €204,699 | €231,822 | €277,937 | €332,972 | €368,479 | ▲ 10.7% |
| Operating profit (loss)9901 | €109,450 | €137,133 | €166,331 | €213,003 | €238,381 | ▲ 11.9% |
| Financial income75/76B | €2,965 | €3,338 | €3,873 | €5,850 | €7,512 | ▲ 28.4% |
| Recurring financial income75 | €2,965 | €3,338 | €3,873 | €5,850 | €7,512 | ▲ 28.4% |
| Financial charges65/66B | €7,399 | €7,286 | €7,267 | €7,915 | €7,655 | ▼ 3.3% |
| Recurring financial charges65 | €7,399 | €7,286 | €7,267 | €7,915 | €7,655 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €105,017 | €133,185 | €162,937 | €210,938 | €238,238 | ▲ 12.9% |
| Income taxes67/77 | €29,440 | €40,643 | €48,745 | €64,714 | €73,304 | ▲ 13.3% |
| Profit (loss) for the period9904 | €75,577 | €92,542 | €114,193 | €146,224 | €164,934 | ▲ 12.8% |
| Profit (loss) for the period to be appropriated9905 | €75,577 | €92,542 | €114,193 | €146,224 | €164,934 | ▲ 12.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €700,465 | €766,782 | €868,202 | €1.0m | €1.1m | ▲ 13.5% |
| Fixed assets21/28 | €385,965 | €347,603 | €365,051 | €310,952 | €283,344 | ▼ 8.9% |
| Tangible fixed assets22/27 | €385,840 | €347,478 | €364,926 | €310,827 | €283,219 | ▼ 8.9% |
| Land and buildings22 | €232,893 | €217,078 | €201,262 | €185,447 | €169,631 | ▼ 8.5% |
| Plant, machinery and equipment23 | €140,634 | €118,964 | €97,295 | €75,880 | €54,867 | ▼ 27.7% |
| Furniture and vehicles24 | €12,313 | €9,686 | €64,619 | €47,751 | €56,972 | ▲ 19.3% |
| Other tangible fixed assets26 | - | €1,750 | €1,750 | €1,750 | €1,750 | = |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €314,500 | €419,178 | €503,150 | €699,168 | €863,408 | ▲ 23.5% |
| Stocks and contracts in progress3 | €54,208 | €57,342 | €53,165 | €58,598 | €66,251 | ▲ 13.1% |
| Stocks30/36 | €54,208 | €57,342 | €53,165 | €58,598 | €66,251 | ▲ 13.1% |
| Amounts receivable within one year40/41 | €14,915 | €17,455 | €24,108 | €4,842 | €2,902 | ▼ 40.1% |
| Trade receivables40 | €762 | €6,326 | €12,496 | €4,842 | €2,902 | ▼ 40.1% |
| Other amounts receivable41 | €14,153 | €11,129 | €11,612 | - | - | - |
| Cash at bank and in hand54/58 | €243,891 | €342,977 | €423,709 | €630,360 | €788,432 | ▲ 25.1% |
| Deferred charges and accrued income490/1 | €1,487 | €1,404 | €2,169 | €5,368 | €5,823 | ▲ 8.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €700,465 | €766,782 | €868,202 | €1.0m | €1.1m | ▲ 13.5% |
| Equity10/15 | €315,959 | €408,501 | €522,693 | €668,918 | €539,236 | ▼ 19.4% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €239,125 | €331,666 | €445,859 | €592,083 | €462,401 | ▼ 21.9% |
| Non-distributable reserves130/1 | €3,000 | €3,000 | - | - | - | - |
| Reserves not available under the articles1311 | €3,000 | €3,000 | - | - | - | - |
| Tax-exempt reserves132 | €34,050 | €34,050 | €34,050 | €34,050 | €34,050 | = |
| Distributable reserves133 | €202,075 | €294,616 | €411,809 | €558,033 | €428,351 | ▼ 23.2% |
| Profit (loss) carried forward14 | €46,835 | €46,835 | €46,835 | €46,835 | €46,835 | = |
| Amounts payable17/49 | €384,505 | €358,281 | €345,508 | €341,203 | €607,516 | ▲ 78.1% |
| Amounts payable after more than one year17 | €325,014 | €296,132 | €266,991 | €237,586 | €207,914 | ▼ 12.5% |
| Financial debts170/4 | €325,014 | €296,132 | €266,991 | €237,586 | €207,914 | ▼ 12.5% |
| Amounts payable within one year42/48 | €59,491 | €62,149 | €78,517 | €102,329 | €398,680 | ▲ 290% |
| Current portion of amounts payable after more than one year42 | €28,626 | €28,882 | €29,142 | €29,405 | €29,672 | ▲ 0.9% |
| Trade debts44 | €10,308 | €14,531 | €17,547 | €14,048 | €16,743 | ▲ 19.2% |
| Suppliers440/4 | €10,308 | €14,531 | €17,547 | €14,048 | €16,743 | ▲ 19.2% |
| Taxes, remuneration and social security45 | €10,631 | €7,336 | €15,804 | €40,665 | €38,526 | ▼ 5.3% |
| Taxes450/3 | €3,891 | €126 | €8,092 | €28,750 | €30,369 | ▲ 5.6% |
| Remuneration and social security454/9 | €6,740 | €7,210 | €7,712 | €11,914 | €8,157 | ▼ 31.5% |
| Other amounts payable47/48 | €9,925 | €11,400 | €16,025 | €18,212 | €313,740 | ▲ 1,623% |
| Accrued charges and deferred income492/3 | - | - | - | €1,288 | €922 | ▼ 28.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,577 | €92,542 | €114,193 | €146,224 | €164,934 | ▲ 12.8% |
| + Depreciation and write-downs630 | €45,571 | €42,892 | €51,177 | €54,099 | €56,078 | ▲ 3.7% |
| Operating cash flow (approximation) | €121,148 | €135,434 | €165,370 | €200,323 | €221,013 | ▲ 10.3% |
| Investment in fixed assets (approximation) | - | -€4,531 | -€68,625 | €0 | -€28,470 | - |
| Change in cash | - | €99,086 | €80,731 | €206,652 | €158,072 | ▼ 23.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €164,934 ▲12.8%
Operating result €238,381, net result €164,934, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500,000Eq €522,693 ▲28%
6 profitable years in a row build equity to €522,693.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €240,382 ▲27%
3 profitable years in a row build equity to €240,382.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €23,004 ▼15.1%
Net result drops to €23,004, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genappe · 1 establishment unit since 2009
Ground area
135 m²
Building footprint
210 m²
Parcel 25031A0584/00T000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue de la Station 2, 1470 Genappe
since 20092.175.424.443
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25031A0584/00T000 | Wallonia | 135 m² | 1 · 210 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,734 companies in sector 47742 we hold annual accounts for 1,140. 785 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
23150Manufacture of other non-metallic mineral products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810297022
Also
9925:BE0810297022
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.