GENEA
ActiveSummary
GENEA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €943,916 and a net result of -€84,506. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 86% of 4628 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-94
Solvency100=
Growth35▼-50
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 11.48 against 20.48 in 2023; short-term debt: 7.3% and cash: 5.3% of total assets), and 10.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
89.5%
Return on assets
-8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
5 d late
2022
35 d early
2021
37 d late
2020
31 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€42,118▼ 98.8%
2023 · €3.5m
EBIT margin
-207.3%▼ 227.3pp
2023 · 20.0%
Net result
-€84,506
2023 · €510,436
Working capital
€806,211▼ 24.5%
2023 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20202021202220232024
Turnover€1.1m€1.2m▲ 10.5%€102,434▼ 91.2%€3.5m▲ 3,338%€42,118▼ 98.8%
Operating result€39,909▼ 33.0%€16,728▼ 58.1%€12,277▼ 26.6%€704,504▲ 5,638%-€87,293
Net result€28,807within the sector's middle half▼ 35.6%€10,682within the sector's middle half▼ 62.9%€9,458within the sector's middle half▼ 11.5%€510,436above the sector's middle half▲ 5,297%-€84,506below the sector's middle half
EBIT margin3.8%1.4%▼ 2.3pp12.0%▲ 10.6pp20.0%▲ 8.0pp-207.3%▼ 227.3pp
Equity€492,844within the sector's middle half▲ 6.2%€508,526within the sector's middle half▲ 3.2%€517,986within the sector's middle half▲ 1.9%€1.0mwithin the sector's middle half▲ 98.5%€943,916within the sector's middle half▼ 8.2%
Total assets€1.7mwithin the sector's middle half▼ 23.8%€1.8mwithin the sector's middle half▲ 10.8%€3.0mabove the sector's middle half▲ 61.8%€1.1mwithin the sector's middle half▼ 61.4%€1.1mwithin the sector's middle half▼ 7.8%
Debt€1.2m▼ 32.0%€1.3m▲ 14.0%€2.4m▲ 84.8%€81,346▼ 96.7%€76,902▼ 5.5%
Working capital€506,854above the sector's middle half▲ 6.4%€526,499above the sector's middle half▲ 3.9%€653,414above the sector's middle half▲ 24.1%€1.1mabove the sector's middle half▲ 63.4%€806,211above the sector's middle half▼ 24.5%
Solvency29.8%within the sector's middle half▲ 8.4pp27.7%within the sector's middle half▼ 2.0pp17.5%below the sector's middle half▼ 10.3pp89.9%above the sector's middle half▲ 72.4pp89.5%above the sector's middle half▼ 0.4pp
Current ratio1.45within the sector's middle half▲ 0.171.41within the sector's middle half▼ 0.041.28within the sector's middle half▼ 0.1220.48above the sector's middle half▲ 19.2011.48above the sector's middle half▼ 9.00
Return on assets (ROA)1.7%within the sector's middle half▼ 0.3pp0.6%within the sector's middle half▼ 1.2pp0.3%below the sector's middle half▼ 0.3pp44.6%above the sector's middle half▲ 44.3pp-8.0%below the sector's middle half▼ 52.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Turnover +3,338%, Net result +5,297% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €87,293 after €704,504 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€171,954 ▲ 707%
Current assets
€883,113 ▼ 21.3%
Equity and liabilities €1.1m
Equity
€943,916 ▼ 8.2%
Provisions
€34,249 =
Debt
€76,902 ▼ 5.5%
Debt's share of the balance-sheet total rises from 7.1% to 7.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€73,272▼
2023 · €712,421
Cash flow
-€70,484▼
2023 · €518,353
Quick ratio
5.61▼
2023 · 17.55
Debt to equity
0.08▲
2023 · 0.08
ROE
-9.0%▼
2023 · 49.6%
Interest coverage
-1980.85▼
2023 · 1072.65
Debt ≤ 1 year
€76,902▲
2023 · €54,810
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 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% | 1.8% |
| 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 8,611 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €4.3m | €43,612 | ▼ 99.0% |
| Turnover70 | €1.1m | €1.2m | €102,434 | €3.5m | €42,118 | ▼ 98.8% |
| Other operating income74 | - | - | - | €808,171 | €1,470 | ▼ 99.8% |
| Non-recurring operating income76A | - | €12,362 | €829 | €8,542 | €24 | ▼ 99.7% |
| Operating charges60/66A | - | - | - | €3.6m | €130,905 | ▼ 96.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €1.2m | €77,040 | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €3.4m | -€26,657 | ▼ 101% |
| Purchases600/8 | - | - | - | €449,736 | €73,843 | ▼ 83.6% |
| Change in stocks: decrease (increase)609 | - | - | - | €3.0m | -€100,500 | ▼ 103% |
| Services and other goods61 | - | - | - | €111,268 | €137,948 | ▲ 24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,758 | €20,825 | €13,946 | €7,917 | €14,021 | ▲ 77.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €34,249 | - | - |
| Other operating charges640/8 | - | €2,685 | €848 | €2,274 | €5,382 | ▲ 137% |
| Non-recurring operating charges66A | - | - | - | €38,153 | €211 | ▼ 99.4% |
| Gross operating margin9900 | €64,610 | €40,238 | €27,070 | - | - | - |
| Operating profit (loss)9901 | €39,909 | €16,728 | €12,277 | €704,504 | -€87,293 | ▼ 112% |
| Financial income75/76B | - | €247 | €163 | €787 | €3,827 | ▲ 386% |
| Recurring financial income75 | €129 | €247 | €163 | €787 | €3,827 | ▲ 386% |
| Income from financial fixed assets750 | - | - | - | €492 | €2,374 | ▲ 382% |
| Income from current assets751 | - | - | - | - | €1,374 | - |
| Other financial income752/9 | - | - | - | €294 | €78 | ▼ 73.3% |
| Financial charges65/66B | - | €622 | €195 | €1,159 | €1,039 | ▼ 10.3% |
| Recurring financial charges65 | €188 | €622 | €195 | €1,159 | €1,039 | ▼ 10.3% |
| Debt charges650 | - | - | - | €664 | €37 | ▼ 94.4% |
| Other financial charges652/9 | - | - | - | €495 | €1,002 | ▲ 103% |
| Profit (loss) for the period before taxes9903 | €39,850 | €16,353 | €12,245 | €704,131 | -€84,506 | ▼ 112% |
| Income taxes67/77 | €11,043 | €5,671 | €2,787 | €193,695 | - | - |
| Taxes670/3 | - | - | - | €193,695 | - | - |
| Profit (loss) for the period9904 | €28,807 | €10,682 | €9,458 | €510,436 | -€84,506 | ▼ 117% |
| Profit (loss) for the period to be appropriated9905 | €28,807 | €10,682 | €9,458 | €510,436 | -€84,506 | ▼ 117% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.8m | €3.0m | €1.1m | €1.1m | ▼ 7.8% |
| Fixed assets21/28 | €25,252 | €17,352 | €10,406 | €21,300 | €171,954 | ▲ 707% |
| Intangible fixed assets21 | - | - | - | €2,456 | €1,932 | ▼ 21.3% |
| Tangible fixed assets22/27 | €22,192 | €14,292 | €7,346 | €15,784 | €166,962 | ▲ 958% |
| Land and buildings22 | - | - | - | €3,302 | €150,218 | ▲ 4,449% |
| Plant, machinery and equipment23 | - | €5,624 | €6,648 | €10,598 | €10,340 | ▼ 2.4% |
| Furniture and vehicles24 | - | €8,668 | €698 | €1,884 | €6,404 | ▲ 240% |
| Financial fixed assets28 | €3,060 | €3,060 | €3,060 | €3,060 | €3,060 | = |
| Affiliated companies280/1 | - | - | - | - | €0 | - |
| Companies linked by participating interests282/3 | - | - | - | - | €0 | - |
| Other financial fixed assets284/8 | - | - | - | €3,060 | €3,060 | = |
| Shares284 | - | - | - | €3,060 | €3,060 | = |
| Current assets29/58 | €1.6m | €1.8m | €3.0m | €1.1m | €883,113 | ▼ 21.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €0 | - |
| Stocks and contracts in progress3 | €1.0m | €1.4m | €2.8m | €161,000 | €451,500 | ▲ 180% |
| Stocks30/36 | - | €1.4m | €2.8m | €161,000 | €451,500 | ▲ 180% |
| Work in progress32 | - | - | - | - | €451,500 | - |
| Goods purchased for resale34 | - | - | - | €161,000 | - | - |
| Amounts receivable within one year40/41 | €407,656 | €333,992 | €94,939 | €71,451 | €43,684 | ▼ 38.9% |
| Trade receivables40 | - | €262,139 | €60,184 | €2,182 | €5,581 | ▲ 156% |
| Other amounts receivable41 | - | €71,853 | €34,754 | €69,269 | €38,103 | ▼ 45.0% |
| Current investments50/53 | - | - | - | - | €331,487 | - |
| Other investments51/53 | - | - | - | - | €331,487 | - |
| Cash at bank and in hand54/58 | €189,765 | €110,679 | €54,103 | €889,997 | €56,030 | ▼ 93.7% |
| Deferred charges and accrued income490/1 | - | - | €1,687 | €269 | €412 | ▲ 53.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.8m | €3.0m | €1.1m | €1.1m | ▼ 7.8% |
| Equity10/15 | €492,844 | €508,526 | €517,986 | €1.0m | €943,916 | ▼ 8.2% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | €20,000 | €20,000 | - | - | - |
| Issued capital100 | - | €20,000 | €20,000 | - | - | - |
| Outside capital11 | - | - | - | €20,000 | €20,000 | = |
| Share premium1100/10 | - | - | - | - | €20,000 | - |
| Other1109/19 | - | - | - | €20,000 | - | - |
| Reserves13 | €2,000 | €7,000 | €7,000 | €177,000 | €177,000 | = |
| Non-distributable reserves130/1 | - | €7,000 | €7,000 | €177,000 | €177,000 | = |
| Legal reserve130 | - | - | - | €177,000 | €177,000 | = |
| Reserves not available under the articles1311 | - | €7,000 | €7,000 | - | - | - |
| Profit (loss) carried forward14 | €470,844 | €481,526 | €490,986 | €831,422 | €746,916 | ▼ 10.2% |
| Provisions and deferred taxes16 | - | - | - | €34,249 | €34,249 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €34,249 | €34,249 | = |
| Pensions and similar obligations160 | - | - | - | €34,249 | €34,249 | = |
| Amounts payable17/49 | €1.2m | €1.3m | €2.4m | €81,346 | €76,902 | ▼ 5.5% |
| Amounts payable after more than one year17 | €39,262 | €35,325 | €145,834 | €26,536 | - | - |
| Financial debts170/4 | - | €35,325 | €145,834 | €26,536 | - | - |
| Subordinated loans170 | - | - | - | €26,536 | - | - |
| Amounts payable within one year42/48 | €1.1m | €1.3m | €2.3m | €54,810 | €76,902 | ▲ 40.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,637 | - | - |
| Trade debts44 | €62,232 | - | €19,976 | - | €4,499 | - |
| Suppliers440/4 | - | - | €19,976 | - | €4,499 | - |
| Taxes, remuneration and social security45 | - | €24,764 | €6,084 | €2,250 | €4,175 | ▲ 85.6% |
| Taxes450/3 | - | €21,926 | €3,834 | - | €1,925 | - |
| Remuneration and social security454/9 | - | €2,838 | €2,250 | €2,250 | €2,250 | = |
| Other amounts payable47/48 | - | €1.3m | €2.3m | €42,922 | €68,228 | ▲ 59.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,807 | €10,682 | €9,458 | €510,436 | -€84,506 | ▼ 117% |
| + Depreciation and write-downs630 | €14,758 | €20,825 | €13,946 | €7,917 | €14,021 | ▲ 77.1% |
| Operating cash flow (approximation) | €43,565 | €31,507 | €23,403 | €518,353 | -€70,484 | ▼ 114% |
| Investment in fixed assets (approximation) | - | -€12,925 | -€7,000 | -€18,810 | -€164,676 | ▼ 775% |
| Change in cash | - | -€79,086 | -€56,575 | €835,894 | -€833,967 | ▼ 200% |
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet -€84,506
Net result drops to -€84,506, the lowest in the series.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 5 days late
2023
31-12
Financial
Highest result since 2018net €510,436 ▲5,297%
Operating result €704,504, net result €510,436, both a record.
31-12
Financial
Liquidity times 16current ratio 20.48
Current ratio from 1.28 to 20.48; short-term debt falls from €2.3m to €54,810.
31-12
Financial
Equity above €1mEq €1.0m ▲98.5%
6 profitable years in a row build equity to €1.0m.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 37 days late
2021
31-12
Financial
Equity above €500,000Eq €508,526 ▲3.2%
4 profitable years in a row build equity to €508,526.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
Show earlier events
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Asse · 2 establishment units since 2008
Ground area
3,064 m²
Building footprint
295 m²
Volume, LiDAR
1,907 m³
2 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Genea
since 20082.170.796.454
GENEA
since 20122.301.400.620
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322B0250/00Z000 | Flanders | 2,921 m² | 1 · 167 m² | 8.2 m · 2 fl. |
| 23322E0100/00A005 | Flanders | 142 m² | 1 · 128 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 28,491 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
Founded17-01-2003
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
Contact
Phone
0499/57 23 56Asse
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479353016
Also
9925:BE0479353016
Registered
07-08-2025
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.