Result
Back in profit in 2025, after a loss of €61,756 in 2024.
Back in profit in 2025, after a loss of €61,756 in 2024.
€92,439 of the debts are secured on the company's own assets. In 2023 that was €170,000.
Subsidiary with negative equity. Generation4 Technics · loss of €90,603 in 2025.
Lower solvency than 84% of companies in head offices and management consultancy. Sector median 53.3% · 3,873 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 70, micro). It does better than 17% of them on solvency, 5% on liquidity, 56% on profitability and 99% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 7,976 companies had the same profile as GENERATION4 has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GENERATION4 itself is lower: 0.4% within 12 months. It rests on far more data about GENERATION4 than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for GENERATION4. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.34 (0.21 in 2024), below 1. Short-term debt is 84.1% and cash 6% of total assets. 89.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 40 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Shares in 3 companies, including GENERATION4 CARE and Generation4 Care Flex
Board & ownership| Company | ||||
|---|---|---|---|---|
| GENERATION4 Ghent | €662,257 | 18.8% | 10.7% | 2.7 |
| COCOCINEL Waasmunster | €893,301 | -17.4% | 27.1% | 2.6 |
| Ter Hoeven Buggenhout | €277,968 | 27.1% | 23.6% | - |
| Brick-Invest Merchtem | €720,000 | 72.8% | 82.8% | - |
| CFJML Liège | - | - | 22.9% | 2.8 |
| Velix Holsbeek | - | - | 13.6% | 1.3 |
| Vandonink Machines Lommel | - | - | -47.8% | 2.1 |
Grey: the largest companies of the sector (head offices and management consultancy (NACE 70)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as GENERATION4: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €472,000 and €4.7m, founded between 2017 and 2023.
Solvency rose in 2025 from -2.4% to 10.7% because of the retained profit and lower debts.
INVEST4TALENT holds 79% of the shares. In August 2022, the Official Gazette published the appointment of BR Company4you as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 15% of 3,873 companies in 2025.
Higher than 18% of 3,727 companies in 2025.
Higher than 78% of 3,849 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: middle half
0.3 men and 2.4 women in full-time equivalents in 2025.
Men €113,611, women €89,042 per full-time equivalent. Jobs differ, so this is not a pay gap.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
678,123 | 665,466 | 528,654 | |
20 |
6,203 | 9,736 | 13,270 | |
21/28 |
479,921 | 531,505 | 458,524 | |
21 |
2,890 | 19,490 | 36,466 | |
22/27 |
164,611 | 199,595 | 229,638 | |
23 |
3,434 | 11,560 | 10,620 | |
24 |
24,504 | 36,614 | 48,723 | |
26 |
136,674 | 151,422 | 170,295 | |
28 |
312,420 | 312,420 | 192,420 | |
280/1 |
300,000 | - | - | |
280 |
300,000 | - | - | |
284/8 |
12,420 | - | - | |
285/8 |
12,420 | - | - | |
29/58 |
191,998 | 124,224 | 56,861 | |
40/41 |
151,321 | 91,797 | 53,076 | |
40 |
140,885 | 67,606 | 53,076 | |
41 |
10,436 | 24,191 | - | |
54/58 |
40,678 | 32,206 | 3,785 | |
490/1 |
- | 221 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
678,123 | 665,466 | 528,654 | |
10/15 |
72,818 | -15,954 | 45,802 | |
10/11 |
400,000 | 400,000 | 400,000 | |
10 |
400,000 | 400,000 | 400,000 | |
100 |
400,000 | 400,000 | 400,000 | |
14 |
-327,182 | -415,954 | -354,198 | |
17/49 |
605,305 | 681,420 | 482,853 | |
17 |
34,788 | 92,439 | 147,674 | |
170/4 |
34,788 | 92,439 | 147,674 | |
173 |
34,788 | - | - | |
42/48 |
570,517 | 588,981 | 335,178 | |
42 |
57,651 | 55,235 | 22,326 | |
43 |
450,000 | 450,000 | 250,000 | |
439 |
450,000 | 450,000 | 250,000 | |
44 |
29,224 | 60,367 | 30,626 | |
440/4 |
29,224 | 60,367 | 30,626 | |
45 |
33,642 | 23,379 | 32,227 | |
450/3 |
6,261 | 4,826 | 6,125 | |
454/9 |
27,381 | 18,553 | 26,102 | |
| Income statement | ||||
70/76A |
921,590 | - | - | |
70 |
662,257 | - | - | |
74 |
259,333 | - | - | |
9900 |
- | 181,066 | -137,405 | |
60/66A |
797,221 | - | - | |
60 |
143,114 | - | - | |
600/8 |
143,114 | - | - | |
61 |
346,190 | - | - | |
62 |
247,785 | 147,779 | 143,897 | |
630 |
58,165 | 59,695 | 55,073 | |
640/8 |
804 | 753 | 732 | |
66A |
1,164 | - | - | |
9901 |
124,369 | -27,162 | -337,107 | |
75/76B |
12 | - | 990 | |
75 |
12 | - | 990 | |
752/9 |
12 | - | - | |
65/66B |
34,545 | 33,922 | 17,465 | |
65 |
34,545 | 33,922 | 17,465 | |
650 |
33,427 | - | - | |
652/9 |
1,118 | - | - | |
9903 |
89,835 | -61,084 | -353,582 | |
67/77 |
1,063 | 672 | 616 | |
670/3 |
1,063 | - | - | |
9904 |
88,773 | -61,756 | -354,198 | |
9905 |
88,773 | -61,756 | -354,198 | |
| Appropriation of the result | ||||
9906 |
-327,182 | -415,954 | -354,198 | |
14P |
-415,954 | -354,198 | - | |
| Social balance sheet | ||||
9087 |
2.7 | 2 | 1.2 | |
Men (FTE)1003 |
0.3 | - | - | |
Women (FTE)1003 |
2.4 | - | - | |
Hours worked1013 |
4,740 | 3,020 | 3,044 | |
| Document | ||||
The notes to these accounts have 56 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-06-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 182,534 | 32,533 | -282,034 | ||
| 146,938 | -2,061 | -299,125 | ||
| 5,256 | 129,143 | 509,200 | ||
| 8,472 | 28,421 | - | ||
| -378,519 | -464,757 | -278,318 | ||
| 18.8% | - | - | ||
| 10.7% | -2.4% | 8.7% | ||
| 0.34 | 0.21 | 0.17 | ||
| 8.31 | - | 10.54 | ||
| 121.9% | - | -773.3% | ||
| 13.1% | -9.3% | -67.0% | ||
| 5.46 | 0.96 | -16.15 | ||
| 78 days | - | - | ||
| 22 days | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 2 |
| full-time | 2 | 1 | 1 |
| part-time | 1 | 2 | 1 |
| in full-time equivalents | 2.8 | 2.7 | 1.9 |
| 2.7 | 2 | 1.2 | |
| On a permanent contract | 3 | 3 | 2 |
| Joined | - | 2 | 2 |
| Left | - | 1 | 0 |
Source: social balance sheet in the 2023 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Debts secured on the company's own assets | €92,439 | €147,674 | €170,000 |
| €187,000 | €187,000 | €187,000 |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €5,256 | €9,143 | €265,333 |
| Intangible fixed assets | - | - | €51,447 |
| Financial fixed assets | - | €120,000 | €192,420 |
| €58,165 | €59,695 | €55,073 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Fee for the audit | €2,500 | - | - |
Source: notes to the 2023 to 2025 annual accounts (relations with the auditor)
The operating result for 2025 is a profit of €124,369, after a loss of €27,162 in 2024. It is the highest result since 2023.
Debt's share of the balance-sheet total is 89.3%.
Further up the chainBridge4Talent 100%
Source: parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
Part of the group Bridge4Talent Group, risk and exposure| URBAIN BULTINCK
registered office since 01-12-1984 · founded in 1984 |
9.1 FTE (2025) 0426.319.453 |
| IMMO W.
registered office since 03-06-2002 · founded in 1990 |
total assets €24.5m (2025) 0440.498.180 |
| Brembloem Immo
registered office since 22-12-2015 · founded in 2015 |
total assets €14.9m (2025) 0644.744.944 |
| MARS-SOLAR
registered office since 27-01-2021 · founded in 2021 |
22 FTE (2022) 0762.575.101 |
| FB Constructions
registered office since 17-10-2013 · founded in 2013 · negative equity (2025) |
total assets €4.2m (2025) 0540.928.814 |
| TNSE Studios
establishment since 11-02-2025 · founded in 2021 |
total assets €3.9m (2025) 0767.632.462 |
| GENERATION4 CARE
registered office since 13-09-2022 · founded in 2022 · group Bridge4Talent |
29 FTE (2025) 0790.758.747 |
| EPYC
registered office since 05-06-2001 · founded in 2001 |
21 FTE (2022) 0474.787.680 |
| FBM
establishment since 18-02-2025 · founded in 2024 |
14 FTE (2025) 1016.786.167 |
| June20
registered office since 15-12-2008 · founded in 2008 |
13 FTE (2025) 0808.404.829 |
| Go4Jobs Construct via FINPARCO (no longer at Go4Jobs Construct) and INVEST4TALENT (at GENERATION4, last mentioned in 2022) · deed of 10-01-2023 founded in 2018 · negative equity (2025) · group Bridge4Talent |
11 FTE (2025) |
Source for every holding own accounts 2025
| Name | 2023 | 2024 | 2025 |
|---|---|---|---|
| GENERATION4 CARE | 100% | ||
| Generation4 Care Flex | 100% | ||
| Generation4 Technics | 80% | 100% | |
Source: list of holdings in its own accounts
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 29 August 2022, GENERATION4 was incorporated as a public limited company by INVEST4TALENT and BR COMPANY4YOU, with a starting capital of €400,000.12 In 2022 the registered office moved to Ghent.3 Total assets went from €528,654 in 2023 to €678,123 in 2025 and headcount from 1.2 to 2.7 full-time equivalents.4
| Establishment | Since | Unit number |
|---|---|---|
| Stapelplein 70 registered office 9000 Ghent | ||
| Stapelplein 70 / 105 9000 Ghent | 29-08-2022 | 2.334.989.641 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44021A2756/02F002 | 4,237 m² | 1 · 1,979 m² | 21.2 m · 5 |
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