GENERATION MANAGEMENT
ActiveSummary
GENERATION MANAGEMENT has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,502 and a net result of €5,437. Its solvency ranks better than 70% of 17,080 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €19,502
- Profit
- €5,437
- Board
- 4 members
Why 92raises riskSize: total assets €34,385Last filed accounts filed 31 days late; 1 of the last 3 latelowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 2.31, cash €27,624Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 69% on solvency, 85% on liquidity, 73% on profitability and 83% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 23 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: de Menten de Horne Emmanuel…Appointment: GUNS Mathilde (director)
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00491457.
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 40% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €772 | €400 | ▼ 48.2% |
| Gross operating margin9900 | €13,360 | €7,924 | ▼ 40.7% |
| Operating profit (loss)9901 | €12,588 | €7,525 | ▼ 40.2% |
| Financial income75/76B | €3 | - | - |
| Recurring financial income75 | €3 | - | - |
| Financial charges65/66B | €107 | €66 | ▼ 38.0% |
| Recurring financial charges65 | €107 | €66 | ▼ 38.0% |
| Profit (loss) for the period before taxes9903 | €12,484 | €7,458 | ▼ 40.3% |
| Income taxes67/77 | €3,419 | €2,022 | ▼ 40.9% |
| Profit (loss) for the period9904 | €9,066 | €5,437 | ▼ 40.0% |
| Profit (loss) for the period to be appropriated9905 | €9,066 | €5,437 | ▼ 40.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €20,290 | €34,385 | ▲ 69.5% |
| Current assets29/58 | €20,290 | €34,385 | ▲ 69.5% |
| Amounts receivable within one year40/41 | €3,907 | €6,761 | ▲ 73.0% |
| Trade receivables40 | €3,489 | €6,175 | ▲ 77.0% |
| Other amounts receivable41 | €419 | €586 | ▲ 40.0% |
| Cash at bank and in hand54/58 | €16,382 | €27,624 | ▲ 68.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €20,290 | €34,385 | ▲ 69.5% |
| Equity10/15 | €14,066 | €19,502 | ▲ 38.7% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €9,000 | €14,000 | ▲ 55.6% |
| Distributable reserves133 | €9,000 | €14,000 | ▲ 55.6% |
| Profit (loss) carried forward14 | €66 | €502 | ▲ 664% |
| Amounts payable17/49 | €6,224 | €14,883 | ▲ 139% |
| Amounts payable within one year42/48 | €6,224 | €14,883 | ▲ 139% |
| Trade debts44 | €2,377 | €11,544 | ▲ 386% |
| Suppliers440/4 | €2,377 | €11,544 | ▲ 386% |
| Advances received on contracts in progress46 | - | €1,317 | - |
| Taxes, remuneration and social security45 | €3,585 | €2,022 | ▼ 43.6% |
| Taxes450/3 | €3,585 | €2,022 | ▼ 43.6% |
| Other amounts payable47/48 | €261 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €9,066 | €5,437 | ▼ 40.0% |
| Operating cash flow (approximation) | €9,066 | €5,437 | ▼ 40.0% |
| Change in cash | - | €11,242 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00491457 |
| 31-12-2024 | micro format | 14-08-2025 | 2025-00381311 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BOURCART Olivier |
|
| de MENTEN de HORNE Emmanuel |
|
| RAMAN Jérémy |
|
| GUNS Mathilde |
|
Owners and capital
Capital and shareholders
- de MENTEN de HORNE Emmanuel 50 shares (50%) · €2,500
- Génération Immo (BE 0739.702.303) 50 shares (50%) · €2,500
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 02-06-2023 Incorporation · €5,000 · 100 shares
Group and network
Connections & network
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
On 31 May 2023, GENERATION MANAGEMENT was incorporated as a private limited company by Génération Immo and one natural person, with a starting capital of €5,000.12 Of the 4 current board members, 3 have served since 2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Acts, filings and financial milestones
10-03
Gazette deed
Resignation: de Menten de Horne Emmanuel (director)Appointment: GUNS Mathilde (director)2 facts ▸
- Director resignation, de Menten de Horne Emmanuel (director)
- Director appointment, GUNS Mathilde (director)
02-06
Gazette deed
IncorporationAppointments: de MENTEN de HORNE Emmanuel, BOURCART Olivier and RAMAN Jérémy · Permanent representative: de MENTEN de HORNE Emmanuel · Founder16 facts ▸
- Founder, de MENTEN de HORNE Emmanuel (comparant)
- Founder, Génération Immo (comparante)
- Director in office, BOURCART Olivier (statutory director)
- Director in office, RAMAN Jérémy (statutory director)
- Incorporation, “GENERATION MANAGEMENT” (deed in French)
- Founding capital, €5,000
- Bank account, “Belfius, compte spécial ouvert au nom de la société en formation” (deed in French)
- Other provision, “arrêté des statuts, comparants” (deed in French)
- Capital
- Registered office clause, “1325 Chaumont-Gistoux,boulevard du Centenaire,2”, 2 (deed in French)
- Other provision, “syndic@generationmanagement.be, site internet et adresse électronique” (deed in French)
- Board rule, 3
- +4 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25025A0031/00E000 | Wallonia | 950 m² | 1 · 158 m² | 11.0 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GENERATION MANAGEMENT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu’à l’étranger,par simple décision de…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Frais de procédure et d’expertise moitié cédant moitié acquéreurs proportionnellement aux actions si plusieurs,idem refus héritier ou…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 17:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, si aucun autre liquidateur désigné” (deed in French)