GENERATION 88
ActiveSummary
GENERATION 88 has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,022 and a net result of €1,960. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+7
Solvency34=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.16 in 2024; short-term debt: 50.1% and cash: 2.8% of total assets), and 90.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
9.3%
Return on assets
0.5%
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 17-08-2026, 17 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
17 d late
2024
31 d late
2023
69 d late
2022
61 d late
2021
31 d late
2020
6 d late
2019
77 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 42 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€35,022▲ 5.9%
2024 · €33,061
Total assets
€377,619▲ 0.1%
2024 · €377,367
Net result
€1,960
2024 · -€263
Working capital
-€145,500▼ 1.1%
2024 · -€143,983
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal 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
Operating result€7,970▼ 28.1%€619▼ 92.2%€1,403▲ 127%€3,811▲ 172%€5,684▲ 49.2%
Net result€1,801within the sector's middle half▼ 67.9%€10,828within the sector's middle half▲ 501%€1,643within the sector's middle half▼ 84.8%-€263within the sector's middle half€1,960within the sector's middle half
Equity€20,854within the sector's middle half▲ 9.5%€31,682within the sector's middle half▲ 51.9%€33,325within the sector's middle half▲ 5.2%€33,061within the sector's middle half▼ 0.8%€35,022within the sector's middle half▲ 5.9%
Total assets€386,689above the sector's middle half▼ 3.2%€393,079above the sector's middle half▲ 1.7%€385,149above the sector's middle half▼ 2.0%€377,367above the sector's middle half▼ 2.0%€377,619above the sector's middle half▲ 0.1%
Debt€365,835▼ 3.8%€361,397▼ 1.2%€351,824▼ 2.6%€344,305▼ 2.1%€342,597▼ 0.5%
Working capital-€136,550=-€141,314▼ 3.5%-€141,511▼ 0.1%-€143,983▼ 1.7%-€145,500▼ 1.1%
Solvency5.4%within the sector's middle half▲ 0.6pp8.1%within the sector's middle half▲ 2.7pp8.7%within the sector's middle half▲ 0.6pp8.8%within the sector's middle half▲ 0.1pp9.3%within the sector's middle half▲ 0.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 49% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €377,619
Fixed assets
€334,111 ▼ 4.4%
Current assets
€43,508 ▲ 55.3%
Equity and liabilities €377,619
Equity
€35,022 ▲ 5.9%
Debt
€342,597 ▼ 0.5%
Debt's share of the balance-sheet total falls from 91.2% to 90.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,928▲
2024 · €19,949
Cash flow
€17,204▲
2024 · €15,874
Current ratio
0.23▲
2024 · 0.16
Debt to equity
9.78▼
2024 · 10.41
ROE
5.6%▲
2024 · -0.8%
ROA
0.5%▲
2024 · -0.1%
Interest coverage
5.62▲
2024 · 4.90
Debt ≤ 1 year
€189,008▲
2024 · €171,994
Debt > 1 year
€153,589▼
2024 · €172,311
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,375 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
1.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 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% | 1.6% |
| 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 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 1,375 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,508 | €13,764 | €16,138 | €16,138 | €15,244 | ▼ 5.5% |
| Other operating charges640/8 | €3,400 | €4,099 | €4,256 | €4,298 | €4,432 | ▲ 3.1% |
| Gross operating margin9900 | €26,879 | €18,483 | €21,797 | €24,246 | €25,361 | ▲ 4.6% |
| Operating profit (loss)9901 | €7,970 | €619 | €1,403 | €3,811 | €5,684 | ▲ 49.2% |
| Financial income75/76B | €2,345 | €18,330 | €8,001 | - | - | - |
| Recurring financial income75 | €2,345 | €18,330 | €1 | - | - | - |
| Non-recurring financial income76B | €2,345 | €18,330 | €8,000 | - | - | - |
| Financial charges65/66B | €7,827 | €7,865 | €7,761 | €4,074 | €3,724 | ▼ 8.6% |
| Recurring financial charges65 | €7,827 | €7,615 | €4,659 | €4,074 | €3,724 | ▼ 8.6% |
| Non-recurring financial charges66B | - | €250 | €3,102 | - | - | - |
| Profit (loss) for the period before taxes9903 | €2,488 | €11,084 | €1,643 | -€263 | €1,960 | ▲ 844% |
| Income taxes67/77 | €687 | €256 | €0 | - | - | - |
| Profit (loss) for the period9904 | €1,801 | €10,828 | €1,643 | -€263 | €1,960 | ▲ 844% |
| Profit (loss) for the period to be appropriated9905 | €1,801 | €10,828 | €1,643 | -€263 | €1,960 | ▲ 844% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €386,689 | €393,079 | €385,149 | €377,367 | €377,619 | ▲ 0.1% |
| Fixed assets21/28 | €383,655 | €381,631 | €365,493 | €349,355 | €334,111 | ▼ 4.4% |
| Tangible fixed assets22/27 | €383,655 | €381,631 | €365,493 | €349,355 | €334,111 | ▼ 4.4% |
| Land and buildings22 | €383,341 | €370,902 | €358,638 | €346,374 | €334,111 | ▼ 3.5% |
| Furniture and vehicles24 | €314 | €10,729 | €6,855 | €2,980 | - | - |
| Current assets29/58 | €3,034 | €11,448 | €19,656 | €28,012 | €43,508 | ▲ 55.3% |
| Amounts receivable within one year40/41 | €2,566 | €2,394 | €2,635 | €8,745 | €2,838 | ▼ 67.5% |
| Trade receivables40 | €2,394 | €2,394 | €2,394 | €8,503 | €2,597 | ▼ 69.5% |
| Other amounts receivable41 | €172 | - | €241 | €241 | €241 | = |
| Cash at bank and in hand54/58 | €468 | €126 | €794 | €3,033 | €10,431 | ▲ 244% |
| Deferred charges and accrued income490/1 | - | €8,928 | €16,227 | €16,234 | €30,239 | ▲ 86.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €386,689 | €393,079 | €385,149 | €377,367 | €377,619 | ▲ 0.1% |
| Equity10/15 | €20,854 | €31,682 | €33,325 | €33,061 | €35,022 | ▲ 5.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | €33,516 | €33,516 | €33,516 | €33,516 | €33,516 | = |
| Profit (loss) carried forward14 | -€31,263 | -€20,434 | -€18,792 | -€19,055 | -€17,095 | ▲ 10.3% |
| Amounts payable17/49 | €365,835 | €361,397 | €351,824 | €344,305 | €342,597 | ▼ 0.5% |
| Amounts payable after more than one year17 | €226,252 | €208,634 | €190,656 | €172,311 | €153,589 | ▼ 10.9% |
| Financial debts170/4 | €226,252 | €208,634 | €190,656 | €172,311 | €153,589 | ▼ 10.9% |
| Amounts payable within one year42/48 | €139,584 | €152,762 | €161,167 | €171,994 | €189,008 | ▲ 9.9% |
| Current portion of amounts payable after more than one year42 | €17,264 | €17,617 | €17,978 | €18,346 | €18,721 | ▲ 2.0% |
| Trade debts44 | €8,670 | €4,394 | €3,230 | €8,296 | €5,075 | ▼ 38.8% |
| Suppliers440/4 | €8,670 | €4,394 | €3,230 | €8,296 | €5,075 | ▼ 38.8% |
| Advances received on contracts in progress46 | - | - | €339 | €339 | €339 | = |
| Taxes, remuneration and social security45 | €2,643 | €1,462 | - | - | - | - |
| Taxes450/3 | €243 | €1,062 | - | - | - | - |
| Remuneration and social security454/9 | €2,400 | €400 | - | - | - | - |
| Other amounts payable47/48 | €111,006 | €129,289 | €139,620 | €145,013 | €164,872 | ▲ 13.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,801 | €10,828 | €1,643 | -€263 | €1,960 | ▲ 844% |
| + Depreciation and write-downs630 | €15,508 | €13,764 | €16,138 | €16,138 | €15,244 | ▼ 5.5% |
| Operating cash flow (approximation) | €17,309 | €24,593 | €17,781 | €15,874 | €17,204 | ▲ 8.4% |
| Investment in fixed assets (approximation) | - | -€11,740 | €0 | €0 | €0 | - |
| Change in cash | - | -€342 | €668 | €2,239 | €7,398 | ▲ 230% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Back to profitnet €1,960
Net result €1,960 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Highest result since 2018net €10,828 ▲501%
Net result €10,828, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
31-12
Financial
Back to profitnet €5,610
Net result €5,610 after 2 loss-making years.
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 77 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 1 establishment unit since 2009
Ground area
201 m²
Building footprint
201 m²
Volume, LiDAR
1,551 m³
2 parcels, Brussels · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Oriental Therapy
since 20092.180.057.776
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0024/00N007 | Brussels | 107 m² | 1 · 107 m² | 7.9 m · 2 fl. |
| 21616A0174/00Z024 | Brussels | 94 m² | 1 · 94 m² | 15.3 m · 4 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 24,865 companies in sector 96220 we hold annual accounts for 1,441. 1,163 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)
Founded20-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
96220Beauty care and other beauty treatments
86995Nutrition and dietetics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0817226978
Also
9925:BE0817226978
Registered
24-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.