GENERACTION 3
ActiveSummary
The computed 12-month bankruptcy probability of GENERACTION 3 is 1.9% (moderate). The 2025 annual accounts show equity of €312,561 and a net result of €4,336. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 90% of 821 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency100=
Growth55=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 3.25 against 3.61 in 2024; short-term debt: 21.3% and cash: 10.5% of total assets), and 21.3% 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
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
78.7%
Return on assets
1.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
28 d late
2023
26 d late
2022
29 d late
2021
11 d early
2020
5 d late
2019
73 d late
← 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 25 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€827,749▲ 24.0%
2022 · €667,741
EBIT margin
9.1%▲ 10.3pp
2022 · -1.2%
Net result
€4,336▲ 68.9%
2024 · €2,567
Working capital
€190,070▲ 13.3%
2024 · €167,767
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20212022202320242025
Turnover€583,236▲ 69.0%€667,741▲ 14.5%€827,749▲ 24.0%
Operating result€76,592-€7,714€75,711€3,927▼ 94.8%€7,591▲ 93.3%
Net result€54,882within the sector's middle half-€137,920below the sector's middle half€70,054above the sector's middle half€2,567within the sector's middle half▼ 96.3%€4,336▲ 68.9%
EBIT margin13.1%▲ 18.5pp-1.2%▼ 14.3pp9.1%▲ 10.3pp
Equity€361,854above the sector's middle half▲ 17.9%€223,933above the sector's middle half▼ 38.1%€305,658above the sector's middle half▲ 36.5%€308,225above the sector's middle half▲ 0.8%€312,561▲ 1.4%
Total assets€399,207within the sector's middle half▲ 17.1%€449,327within the sector's middle half▲ 12.6%€319,687within the sector's middle half▼ 28.9%€372,462within the sector's middle half▲ 16.5%€397,021▲ 6.6%
Debt€37,353▲ 9.9%€225,394▲ 503%€14,029▼ 93.8%€64,238▲ 358%€84,460▲ 31.5%
Working capital€259,526▲ 28.1%€134,851▼ 48.0%€167,612▲ 24.3%€167,767▲ 0.1%€190,070▲ 13.3%
Solvency90.6%above the sector's middle half▲ 0.6pp49.8%within the sector's middle half▼ 40.8pp95.6%above the sector's middle half▲ 45.8pp82.8%above the sector's middle half▼ 12.9pp78.7%▼ 4.0pp
Staff (FTE)3within the sector's middle half=3below the sector's middle half=3below the sector's middle half=3below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 93% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €397,021
Fixed assets
€122,491 ▼ 12.8%
Current assets
€274,530 ▲ 18.3%
Equity and liabilities €397,021
Equity
€312,561 ▲ 1.4%
Debt
€84,460 ▲ 31.5%
Debt's share of the balance-sheet total rises from 17.2% to 21.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,669▲
2024 · €28,741
Cash flow
€26,414▼
2024 · €27,381
Current ratio
3.25▼
2024 · 3.61
Quick ratio
1.28▲
2024 · 1.05
Debt to equity
0.27▲
2024 · 0.21
ROE
1.4%▲
2024 · 0.8%
ROA
1.1%▲
2024 · 0.7%
Interest coverage
9.12▼
2024 · 21.13
Debt ≤ 1 year
€84,460▲
2024 · €64,238
Staff costs
€194,143▲
2024 · €168,426
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €583,236 | €667,741 | €827,749 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €511,719 | €618,630 | €613,795 | - | - | - |
| Remuneration, social security and pensions62 | €19,462 | €73,033 | €106,682 | €168,426 | €194,143 | ▲ 15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,874 | €14,244 | €15,600 | €24,814 | €22,078 | ▼ 11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €26,964 | - | - | - |
| Other operating charges640/8 | €3,163 | €3,469 | €2,026 | €3,892 | €3,195 | ▼ 17.9% |
| Non-recurring operating charges66A | €16,190 | - | €8,061 | - | - | - |
| Gross operating margin9900 | €134,281 | €83,032 | €235,044 | €201,059 | €227,006 | ▲ 12.9% |
| Operating profit (loss)9901 | €76,592 | -€7,714 | €75,711 | €3,927 | €7,591 | ▲ 93.3% |
| Financial charges65/66B | €867 | €111,324 | €501 | €1,360 | €3,254 | ▲ 139% |
| Recurring financial charges65 | €867 | €111,324 | €501 | €1,360 | €3,254 | ▲ 139% |
| Profit (loss) for the period before taxes9903 | €75,725 | -€119,038 | €75,210 | €2,567 | €4,336 | ▲ 68.9% |
| Income taxes67/77 | €20,844 | €18,882 | €5,156 | - | - | - |
| Profit (loss) for the period9904 | €54,882 | -€137,920 | €70,054 | €2,567 | €4,336 | ▲ 68.9% |
| Profit (loss) for the period to be appropriated9905 | €54,882 | -€137,920 | €70,054 | €2,567 | €4,336 | ▲ 68.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €399,207 | €449,327 | €319,687 | €372,462 | €397,021 | ▲ 6.6% |
| Fixed assets21/28 | €102,327 | €89,083 | €138,045 | €140,458 | €122,491 | ▼ 12.8% |
| Tangible fixed assets22/27 | €102,087 | €88,843 | €137,805 | €140,218 | €122,251 | ▼ 12.8% |
| Plant, machinery and equipment23 | €73,458 | €61,709 | €86,127 | €93,783 | €80,524 | ▼ 14.1% |
| Furniture and vehicles24 | €28,629 | €27,133 | €51,678 | €46,435 | €41,727 | ▼ 10.1% |
| Financial fixed assets28 | €240 | €240 | €240 | €240 | €240 | = |
| Current assets29/58 | €296,880 | €360,245 | €181,642 | €232,005 | €274,530 | ▲ 18.3% |
| Stocks and contracts in progress3 | €67,699 | €97,954 | €67,101 | €164,817 | €166,162 | ▲ 0.8% |
| Stocks30/36 | €67,699 | €97,954 | €67,101 | €164,817 | €166,162 | ▲ 0.8% |
| Amounts receivable within one year40/41 | €126,364 | €115,023 | €78,099 | €34,753 | €55,255 | ▲ 59.0% |
| Trade receivables40 | €87 | €238 | €20,118 | €20,118 | €20,118 | = |
| Other amounts receivable41 | €126,277 | €114,785 | €57,981 | €14,635 | €35,137 | ▲ 140% |
| Cash at bank and in hand54/58 | €58,633 | €35,693 | €36,442 | €27,248 | €41,495 | ▲ 52.3% |
| Deferred charges and accrued income490/1 | €44,184 | €111,576 | - | €5,187 | €11,618 | ▲ 124% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €399,207 | €449,327 | €319,687 | €372,462 | €397,021 | ▲ 6.6% |
| Equity10/15 | €361,854 | €223,933 | €305,658 | €308,225 | €312,561 | ▲ 1.4% |
| Contributions10/11 | €18,810 | €18,810 | €30,480 | €30,480 | €30,480 | = |
| Capital10 | €18,810 | €18,810 | €18,810 | €18,810 | €18,810 | = |
| Issued capital100 | €18,810 | €18,810 | €18,810 | €18,810 | €18,810 | = |
| Outside capital11 | - | - | €11,670 | €11,670 | €11,670 | = |
| Share premium1100/10 | - | - | €11,670 | €11,670 | €11,670 | = |
| Reserves13 | €8,581 | €8,581 | €8,581 | €8,581 | €8,581 | = |
| Non-distributable reserves130/1 | €1,881 | €1,881 | €1,881 | €1,881 | €1,881 | = |
| Legal reserve130 | €1,881 | €1,881 | €1,881 | €1,881 | €1,881 | = |
| Distributable reserves133 | €6,700 | €6,700 | €6,700 | €6,700 | €6,700 | = |
| Profit (loss) carried forward14 | €334,463 | €196,543 | €266,597 | €269,164 | €273,500 | ▲ 1.6% |
| Amounts payable17/49 | €37,353 | €225,394 | €14,029 | €64,238 | €84,460 | ▲ 31.5% |
| Amounts payable within one year42/48 | €37,353 | €225,394 | €14,029 | €64,238 | €84,460 | ▲ 31.5% |
| Current portion of amounts payable after more than one year42 | - | €107,898 | - | - | - | - |
| Trade debts44 | €12,796 | €107,462 | €404 | €22,716 | €20,676 | ▼ 9.0% |
| Suppliers440/4 | €12,796 | €107,462 | €404 | €22,716 | €20,676 | ▼ 9.0% |
| Taxes, remuneration and social security45 | €5,355 | €10,035 | €13,626 | €39,578 | €61,841 | ▲ 56.2% |
| Taxes450/3 | €49 | €2,791 | - | €3,595 | €4,183 | ▲ 16.3% |
| Remuneration and social security454/9 | €5,306 | €7,244 | €13,626 | €35,983 | €57,658 | ▲ 60.2% |
| Other amounts payable47/48 | €19,203 | - | - | €1,943 | €1,943 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,882 | -€137,920 | €70,054 | €2,567 | €4,336 | ▲ 68.9% |
| + Depreciation and write-downs630 | €18,874 | €14,244 | €15,600 | €24,814 | €22,078 | ▼ 11.0% |
| Operating cash flow (approximation) | €73,756 | -€123,676 | €85,654 | €27,381 | €26,414 | ▼ 3.5% |
| Investment in fixed assets (approximation) | - | -€1,000 | -€64,562 | -€27,226 | -€4,111 | ▲ 84.9% |
| Change in cash | - | -€22,941 | €749 | -€9,194 | €14,247 | ▲ 255% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
31-12
Financial
Back to profitnet €70,054
Net result €70,054 after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 12.95
Current ratio from 1.60 to 12.95; short-term debt falls from €225,394 to €14,029.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€137,920
Net result drops to -€137,920, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €54,882
Net result €54,882 after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 73 days late
2019
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 83 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
16-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 77 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are 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, Evere · 1 establishment unit since 2003
Ground area
438 m²
Building footprint
318 m²
Volume, LiDAR
1,722 m³
Parcel 21372C0104/00K000, Brussels · tallest building 12.6 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Le Lion Belge
since 20032.131.906.679
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0104/00K000 | Brussels | 437 m² | 1 · 318 m² | 12.6 m · 1 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEvere2.131.906.679
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 7,557 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 (pre-2019)
Founded23-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
73110Advertising agencies
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480073091
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.