GENCODE
Annual accounts 2025
abbreviated format, filed on 15-09-2026, 46 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €96,000 and €170,000.
Balance sheet
balance sheet total €117,141 on 31-12-2025in euro
in euro
Position in the sector
65.8%
Higher than 70% of 2,829 companies in 2025.
2.93
Higher than 72% of 2,718 companies in 2025.
-0.6%
Higher than 23% of 2,776 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half · Staff: middle half
Staff
€57,496
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
117,141 | 113,496 | 110,365 | |
29/58 |
117,141 | 113,496 | 110,365 | |
40/41 |
45,476 | 37,377 | 20,066 | |
40 |
37,311 | 27,956 | 16,945 | |
41 |
8,165 | 9,420 | 3,121 | |
54/58 |
70,921 | 75,672 | 90,246 | |
490/1 |
744 | 447 | 54 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
117,141 | 113,496 | 110,365 | |
10/15 |
77,093 | 97,848 | 94,986 | |
10/11 |
61,500 | 61,500 | 61,500 | |
10 |
61,500 | 61,500 | 61,500 | |
100 |
61,500 | 61,500 | 61,500 | |
14 |
15,593 | 36,348 | 33,486 | |
17/49 |
40,048 | 15,648 | 15,380 | |
42/48 |
40,048 | 15,625 | 15,380 | |
44 |
10,767 | 3,742 | 2,097 | |
440/4 |
10,767 | 3,742 | 2,097 | |
45 |
9,025 | 11,708 | 13,283 | |
450/3 |
1,681 | 10,569 | 11,472 | |
454/9 |
7,344 | 1,139 | 1,811 | |
47/48 |
20,256 | 176 | - | |
492/3 |
- | 23 | - | |
| Income statement | ||||
9900 |
60,028 | 27,985 | 64,106 | |
62 |
57,496 | 25,665 | 18,746 | |
640/8 |
1,244 | 462 | 384 | |
66A |
1,296 | - | - | |
9901 |
-8 | 1,858 | 44,976 | |
75/76B |
2 | - | - | |
75 |
2 | - | - | |
65/66B |
172 | 186 | 18 | |
65 |
172 | 186 | 18 | |
9903 |
-178 | 1,672 | 44,958 | |
67/77 |
577 | -1,190 | 11,472 | |
9904 |
-755 | 2,862 | 33,486 | |
9905 |
-755 | 2,862 | 33,486 | |
| Appropriation of the result | ||||
9906 |
35,593 | 36,348 | 33,486 | |
14P |
36,348 | 33,486 | - | |
694/7 |
20,000 | - | - | |
694 |
20,000 | - | - | |
| Social balance sheet | ||||
9087 |
1 | 0.8 | 0.6 | |
Hours worked1013 |
1,512 | 782 | 851 | |
| Document | ||||
Source: Annual accounts 2025 at the NBB, filed on 15-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 46 days after the deadline. Filed on 15 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00513240.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -4,752 | -14,574 | - | ||
| 77,093 | 97,871 | 94,986 | ||
| 65.8% | 86.2% | 86.1% | ||
| 2.93 | 7.26 | 7.18 | ||
| 0.52 | 0.16 | 0.16 | ||
| -1.0% | 2.9% | 35.3% | ||
| -0.6% | 2.5% | 30.3% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| part-time | - | 0 | - |
| in full-time equivalents | 1 | - | 1 |
| 1 | 0.8 | 0.6 | |
| On a permanent contract | 1 | 1 | 1 |
| Joined | - | 1 | 2 |
| Left | - | 1 | 1 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Insights on GENCODE
The operating result for 2025 is a loss of €8, after a profit of €1,858 in 2024. It is the lowest result since 2023.
Debt's share of the balance-sheet total rises from 13.8% to 34.2%. Equity is lower and debt is higher.