Equity
€46,948 from €92,105 in 2005
Equity fell by 49% in 20 years.
GENCO
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2004peak €39,506 (2008)
-€754▼ €164
lowest -€28,346 (2017)
-€1,209▲ €648
peak €92,105 (2005)
€46,948▼ 2.5%
-not published
Board1 name since 2003
1 directorIudicello Elio
Documentsfilings and deeds
18-06-202643 days before the deadline
2025abbreviated format
Gross margin from -€590 to -€754Loss of €1,209Cash from €105 to €50
Key points
from the 2025 annual accountsLosses
-€38,273 in ten years
Every financial year from 2016 to 2025 closed with a loss. 2017 was the heaviest.
Position in the sector
100.0%
Higher solvency than 95% of companies in wholesale trade. Sector median 42.9% · 9,905 companies.
Turnover not published (abbreviated or micro format)
Checked score
83
Excellent
Financially stronger than 38% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%▼ -0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025lowest value
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026highest value
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: cash €50, halved
Loss of €1,209, the second in a row (financial year 2025)
lowers risk
Founded in 2003
Equity €46,948 (100.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 3% on liquidity, 26% on profitability and 35% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as GENCO has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.5%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GENCO itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for GENCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Cash is 0.1% of total assets. 0% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
44 days early
2023
44 days early
2022
35 days early
2021
23 days late
2020
59 days late
2019
76 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Strikeout withdrawal
effective 20-09-2019 · KBO administration
First establishment
Rue Morinval 23, Liège
Incorporation
published on 30-09-2003 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GENCO Liège | €46,948 | -€754 | 100.0% | - |
| MUNDICO BVBA Leuven | €49,543 | -€2,631 | 74.6% | - |
| IBO Sint-Niklaas | €48,219 | -€5,604 | 95.9% | - |
| BEYAERT GRAFICS Uccle | €43,105 | €365 | 65.0% | - |
| SAMEVA BELGIUM Lochristi | €59,349 | -€13,496 | 1.0% | - |
| FAPS Ixelles | €54,551 | €1,051 | 69.0% | - |
| ANGELO SAGLIME Juprelle | €43,217 | -€13,110 | 98.7% | - |
These companies have the same main activity as GENCO: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €43,100 and €59,300, founded between 2000 and 2010.
Official details
Source: KBO- Status
- Active since 23-09-2003Normal situation
- Activity
- Agents specialised in the wholesale of other particular productsNACE 46180
- Establishment unit
- 2.133.479.5644000 Liège, since 01-10-2003
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €46,948▼ 3.0%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on GENCO
GENCO files the abbreviated format. That format states no turnover. The gross margin fell from €34,911 in 2005 to -€754 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GENCO
- What is the company number of GENCO?
- The company number of GENCO is 0860.645.267. The VAT number is the same number with BE in front: BE 0860.645.267.
- Where is GENCO based?
- The registered office is at Rue Morinval 23, 4000 Liège.Company details
- What does GENCO do?
- According to the KBO register, the main activity is agents specialised in the wholesale of other particular products (NACE 46180).
- What is the legal form of GENCO?
- GENCO is a private limited company (pre-2019) (BVBA).
- When was GENCO founded?
- GENCO was founded on 23-09-2003.
- Is GENCO still active?
- Yes, GENCO is an active enterprise in the KBO register.
- What is the turnover of GENCO?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is GENCO profitable?
- In financial year 2025, GENCO made a loss of €1,209.
- Where can I find the annual accounts of GENCO?
- GENCO filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GENCO due?
- GENCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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