Generation Mars
ActiveSummary
Generation Mars has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1,000 and a net result of €83,131. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency26▼-10
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
0.9%
Return on assets
77.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 11615 sector peers (2024).
NBB · sector comparisonPosition among 11615 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
36 d early
2022
21 d late
2021
3 d early
2020
64 d early
2019
16 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 26 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€1,000▼ 94.8%
2023 · €19,096
Total assets
€106,966▼ 40.9%
2023 · €180,846
Net result
€83,131▲ 81.2%
2023 · €45,891
Working capital
€36,615
2023 · -€1,180
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€54,781▲ 232%€62,170▲ 13.5%€35,786▼ 42.4%€63,000▲ 76.0%€115,467▲ 83.3%
Net result€43,122▲ 295%€49,030▲ 13.7%€28,173▼ 42.5%€45,891▲ 62.9%€83,131▲ 81.2%
Equity€66,650▲ 183%€115,680▲ 73.6%€104,803▼ 9.4%€19,096▼ 81.8%€1,000▼ 94.8%
Total assets€94,230▲ 86.8%€140,600▲ 49.2%€144,049▲ 2.5%€180,846▲ 25.5%€106,966▼ 40.9%
Debt€27,580▲ 2.4%€24,919▼ 9.6%€39,245▲ 57.5%€161,750▲ 312%€105,966▼ 34.5%
Working capital€54,308▲ 657%€107,346▲ 97.7%€79,837▼ 25.6%-€1,180€36,615
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 two years in a row; 2024 is 83% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €106,966
Fixed assets
€17,508 ▼ 13.7%
Current assets
€89,458 ▼ 44.3%
Equity and liabilities €106,966
Equity
€1,000 ▼ 94.8%
Debt
€105,966 ▼ 34.5%
Debt's share of the balance-sheet total rises from 89.4% to 99.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€118,235▲
2023 · €69,177
Cash flow
€85,900▲
2023 · €52,068
Current ratio
1.69▲
2023 · 0.99
ROA
77.7%▲
2023 · 25.4%
Interest coverage
52.68▼
2023 · 453.00
Debt ≤ 1 year
€52,843▼
2023 · €161,750
Debt > 1 year
€52,983
Income taxes
€30,520▲
2023 · €17,711
A ratio outside any meaningful range has been withheld (balance sheet total €106,966, equity €1,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 2,151 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,008 | €4,008 | €4,838 | €6,177 | €2,768 | ▼ 55.2% |
| Other operating charges640/8 | - | €499 | €11,961 | €552 | €564 | ▲ 2.1% |
| Non-recurring operating charges66A | - | - | €175 | €0 | - | - |
| Gross operating margin9900 | €59,287 | €66,677 | €52,761 | €69,729 | €118,799 | ▲ 70.4% |
| Operating profit (loss)9901 | €54,781 | €62,170 | €35,786 | €63,000 | €115,467 | ▲ 83.3% |
| Financial income75/76B | - | €404 | €148 | €755 | €428 | ▼ 43.2% |
| Recurring financial income75 | €619 | €404 | €148 | €755 | €428 | ▼ 43.2% |
| Financial charges65/66B | - | €156 | €110 | €153 | €2,244 | ▲ 1,370% |
| Recurring financial charges65 | €80 | €156 | €110 | €153 | €2,244 | ▲ 1,370% |
| Profit (loss) for the period before taxes9903 | €55,320 | €62,417 | €35,824 | €63,602 | €113,651 | ▲ 78.7% |
| Income taxes67/77 | €12,198 | €13,387 | €7,652 | €17,711 | €30,520 | ▲ 72.3% |
| Profit (loss) for the period9904 | €43,122 | €49,030 | €28,173 | €45,891 | €83,131 | ▲ 81.2% |
| Profit (loss) for the period to be appropriated9905 | €43,122 | €49,030 | €28,173 | €45,891 | €83,131 | ▲ 81.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,230 | €140,600 | €144,049 | €180,846 | €106,966 | ▼ 40.9% |
| Fixed assets21/28 | €12,342 | €8,334 | €24,967 | €20,276 | €17,508 | ▼ 13.7% |
| Tangible fixed assets22/27 | €12,342 | €8,334 | €24,967 | €20,276 | €17,508 | ▼ 13.7% |
| Plant, machinery and equipment23 | - | - | - | €1,210 | €912 | ▼ 24.6% |
| Furniture and vehicles24 | - | €8,334 | €17,467 | €11,567 | €9,096 | ▼ 21.4% |
| Other tangible fixed assets26 | - | - | €7,500 | €7,500 | €7,500 | = |
| Current assets29/58 | €81,888 | €132,266 | €119,082 | €160,570 | €89,458 | ▼ 44.3% |
| Amounts receivable after more than one year29 | - | €20,000 | €0 | - | - | - |
| Other amounts receivable291 | - | €20,000 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €21,693 | €25,773 | €41,892 | €88,130 | €31,452 | ▼ 64.3% |
| Trade receivables40 | - | €25,773 | €34,544 | €43,024 | €31,270 | ▼ 27.3% |
| Other amounts receivable41 | - | - | €7,348 | €45,107 | €182 | ▼ 99.6% |
| Current investments50/53 | - | - | - | €65,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €44,134 | €85,387 | €76,803 | €7,017 | €57,167 | ▲ 715% |
| Deferred charges and accrued income490/1 | - | €1,105 | €386 | €423 | €840 | ▲ 98.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,230 | €140,600 | €144,049 | €180,846 | €106,966 | ▼ 40.9% |
| Equity10/15 | €66,650 | €115,680 | €104,803 | €19,096 | €1,000 | ▼ 94.8% |
| Contributions10/11 | - | €12,600 | €18,550 | €18,550 | €1,000 | ▼ 94.6% |
| Reserves13 | €54,050 | €103,080 | €86,253 | €546 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | €546 | €546 | €546 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €546 | €546 | €546 | €0 | ▼ 100% |
| Distributable reserves133 | - | €102,534 | €85,707 | €0 | - | - |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €27,580 | €24,919 | €39,245 | €161,750 | €105,966 | ▼ 34.5% |
| Amounts payable after more than one year17 | - | - | - | - | €52,983 | - |
| Financial debts170/4 | - | - | - | - | €52,983 | - |
| Amounts payable within one year42/48 | €27,580 | €24,919 | €39,245 | €161,750 | €52,843 | ▼ 67.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €14,081 | - |
| Financial debts43 | - | - | - | €74 | €18 | ▼ 76.4% |
| Credit institutions430/8 | - | - | - | €74 | €18 | ▼ 76.4% |
| Trade debts44 | €3,577 | €1,546 | €1,116 | €11,760 | €2,007 | ▼ 82.9% |
| Suppliers440/4 | - | €1,546 | €1,116 | €11,760 | €2,007 | ▼ 82.9% |
| Advances received on contracts in progress46 | - | - | €14,810 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €21,969 | €4,189 | €18,318 | €24,786 | ▲ 35.3% |
| Taxes450/3 | - | €21,969 | €4,189 | €18,318 | €24,786 | ▲ 35.3% |
| Other amounts payable47/48 | - | €1,404 | €19,130 | €131,598 | €11,952 | ▼ 90.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €140 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,122 | €49,030 | €28,173 | €45,891 | €83,131 | ▲ 81.2% |
| + Depreciation and write-downs630 | €4,008 | €4,008 | €4,838 | €6,177 | €2,768 | ▼ 55.2% |
| Operating cash flow (approximation) | €47,130 | €53,038 | €33,011 | €52,068 | €85,900 | ▲ 65.0% |
| Investment in fixed assets (approximation) | - | €0 | -€21,470 | -€1,487 | €0 | ▲ 100% |
| Change in cash | - | €41,253 | -€8,584 | -€69,787 | €50,150 | ▲ 172% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €83,131 ▲81.2%
Operating result €115,467, net result €83,131, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €115,680 ▲73.6%
3 profitable years in a row build equity to €115,680.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 2.97
Current ratio from 1.27 to 2.97.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Schaarbeek · 1 establishment unit since 2019
Ground area
1,451 m²
Building footprint
203 m²
Volume, LiDAR
2,325 m³
2 parcels, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Generation Mars
since 20192.284.635.060
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0291/00G003 | Brussels | 1,328 m² | 1 · 118 m² | 13.5 m · 4 fl. |
| 21904B0518/00T007 | Brussels | 124 m² | 1 · 84 m² | 18.0 m · 5 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 3,924 companies in sector 71112 we hold annual accounts for 1,294. 190 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
Founded30-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
41001General construction of residential buildings
70200Business and other management consultancy
71111Activities of building architects
73110Advertising agencies
73120Media representation
73200Market research and public opinion polling
Contact
E-mail
laurens.busschaert@outlook.comSchaarbeek
Phone
0491074075Schaarbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0719589649
Also
9925:BE0719589649
Registered
20-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.