GENERATION4
ActiveSummary
GENERATION4 has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€15,954) and a net result of -€61,756. Its solvency ranks better than 7% of 8103 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability15▲+15
Solvency23▼-11
Growth58
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.17 in 2023; short-term debt: 88.5% and cash: 4.8% of total assets), and equity is negative.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
-2.4%
Return on assets
-9.3%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year -€15,954
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 20-06-2025, 41 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 42 days before 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, abbreviated schema
Equity
-€15,954
2023 · €45,802
Total assets
€665,466▲ 25.9%
2023 · €528,654
Net result
-€61,756▲ 82.6%
2023 · -€354,198
Working capital
-€464,757▼ 67.0%
2023 · -€278,318
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
Line20232024
Operating result-€337,107--€27,162▲ 91.9%
Net result-€354,198--€61,756▲ 82.6%
Equity€45,802--€15,954
Total assets€528,654-€665,466▲ 25.9%
Debt€482,853-€681,420▲ 41.1%
Working capital-€278,318--€464,757▼ 67.0%
Staff (FTE)1.2-2▲ 66.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27,162 in 2024 against €337,107 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €655,729
Fixed assets
€531,505 ▲ 15.9%
Current assets
€124,224 ▲ 118%
Key figures and ratios
EBITDA
€32,533▲
2023 · -€282,034
Cash flow
-€2,061▲
2023 · -€299,125
Solvency
-2.4%▼
2023 · 8.7%
Current ratio
0.21▲
2023 · 0.17
Debt to equity
-42.71▼
2023 · 10.54
ROA
-9.3%▲
2023 · -67.0%
Interest coverage
0.96▲
2023 · -16.15
Debt ≤ 1 year
€588,981▲
2023 · €335,178
Debt > 1 year
€92,439▼
2023 · €147,674
Income taxes
€672▲
2023 · €616
Staff costs
€147,779▲
2023 · €143,897
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €143,897 | €147,779 | ▲ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,073 | €59,695 | ▲ 8.4% |
| Other operating charges640/8 | €732 | €753 | ▲ 2.9% |
| Gross operating margin9900 | -€137,405 | €181,066 | ▲ 232% |
| Operating profit (loss)9901 | -€337,107 | -€27,162 | ▲ 91.9% |
| Financial income75/76B | €990 | - | - |
| Recurring financial income75 | €990 | - | - |
| Financial charges65/66B | €17,465 | €33,922 | ▲ 94.2% |
| Recurring financial charges65 | €17,465 | €33,922 | ▲ 94.2% |
| Profit (loss) for the period before taxes9903 | -€353,582 | -€61,084 | ▲ 82.7% |
| Income taxes67/77 | €616 | €672 | ▲ 9.1% |
| Profit (loss) for the period9904 | -€354,198 | -€61,756 | ▲ 82.6% |
| Profit (loss) for the period to be appropriated9905 | -€354,198 | -€61,756 | ▲ 82.6% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €528,654 | €665,466 | ▲ 25.9% |
| Formation expenses20 | €13,270 | €9,736 | ▼ 26.6% |
| Fixed assets21/28 | €458,524 | €531,505 | ▲ 15.9% |
| Intangible fixed assets21 | €36,466 | €19,490 | ▼ 46.6% |
| Tangible fixed assets22/27 | €229,638 | €199,595 | ▼ 13.1% |
| Plant, machinery and equipment23 | €10,620 | €11,560 | ▲ 8.9% |
| Furniture and vehicles24 | €48,723 | €36,614 | ▼ 24.9% |
| Other tangible fixed assets26 | €170,295 | €151,422 | ▼ 11.1% |
| Financial fixed assets28 | €192,420 | €312,420 | ▲ 62.4% |
| Current assets29/58 | €56,861 | €124,224 | ▲ 118% |
| Amounts receivable within one year40/41 | €53,076 | €91,797 | ▲ 73.0% |
| Trade receivables40 | €53,076 | €67,606 | ▲ 27.4% |
| Other amounts receivable41 | - | €24,191 | - |
| Cash at bank and in hand54/58 | €3,785 | €32,206 | ▲ 751% |
| Deferred charges and accrued income490/1 | - | €221 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €528,654 | €665,466 | ▲ 25.9% |
| Equity10/15 | €45,802 | -€15,954 | ▼ 135% |
| Contributions10/11 | €400,000 | €400,000 | = |
| Capital10 | €400,000 | €400,000 | = |
| Issued capital100 | €400,000 | €400,000 | = |
| Profit (loss) carried forward14 | -€354,198 | -€415,954 | ▼ 17.4% |
| Amounts payable17/49 | €482,853 | €681,420 | ▲ 41.1% |
| Amounts payable after more than one year17 | €147,674 | €92,439 | ▼ 37.4% |
| Financial debts170/4 | €147,674 | €92,439 | ▼ 37.4% |
| Amounts payable within one year42/48 | €335,178 | €588,981 | ▲ 75.7% |
| Current portion of amounts payable after more than one year42 | €22,326 | €55,235 | ▲ 147% |
| Financial debts43 | €250,000 | €450,000 | ▲ 80.0% |
| Other loans439 | €250,000 | €450,000 | ▲ 80.0% |
| Trade debts44 | €30,626 | €60,367 | ▲ 97.1% |
| Suppliers440/4 | €30,626 | €60,367 | ▲ 97.1% |
| Taxes, remuneration and social security45 | €32,227 | €23,379 | ▼ 27.5% |
| Taxes450/3 | €6,125 | €4,826 | ▼ 21.2% |
| Remuneration and social security454/9 | €26,102 | €18,553 | ▼ 28.9% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€354,198 | -€61,756 | ▲ 82.6% |
| + Depreciation and write-downs630 | €55,073 | €59,695 | ▲ 8.4% |
| Operating cash flow (approximation) | -€299,125 | -€2,061 | ▲ 99.3% |
| Investment in fixed assets (approximation) | - | -€132,676 | - |
| Change in cash | - | €28,421 | - |
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
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
NBB filing
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, Gent · 1 establishment unit since 2022
Ground area
4,237 m²
Building footprint
1,979 m²
Volume, LiDAR
32,545 m³
Parcel 44021A2756/02F002, Flanders · tallest building 21.3 m, ±5 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
GENERATION4
since 20222.334.989.641
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2756/02F002 | Flanders | 4,237 m² | 1 · 1,979 m² | 21.2 m · 5 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.
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Of 5,710 companies in sector 70100 we hold annual accounts for 3,502. 2,026 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
78200Temporary employment agencies and other provision of personnel
Scores and ratios are computed by Checked and are not a credit decision.