Turnover
≈ €1.6m estimated
The accounts state no turnover.
GénérationElec
Lifetime
15 annual accounts with figures on one time axispeak €320,089 (2021)
€312,974▲ 19.6%
lowest -€49,978 (2015)
€30,008▲ €33,806
peak €348,872 (2021)
€314,756▲ 9.8%
€1.3m▼ 5.6%
peak 3.9 FTE (2022)
3.3 FTE▲ 3.1%
Board1 name since 2021
1 directorVACHER Yohan Norman Julien
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Gross margin from €261,682 to €312,974Back to profit: €30,008Cash from €19,672 to €42,296
Key points
from the 2025 annual accountsChecked score
85
Excellent
Financially stronger than 42% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.4%▼ -0.4 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.6%▲ +0.1 percentage points vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.3%▼ -0.3 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.79, cash €42,296
lowers risk
Figures for financial year 2025 (filed on 04-08-2026)
Founded in 2010
Size: 3.3 FTE, total assets €1.6m
Calculation
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 46, micro). It does better than 31% of them on solvency, 30% on liquidity, 42% on profitability and 64% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as GénérationElec has now. Each dot stands for 12 companies, two years later.
96.9%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GénérationElec itself: 0.3% within 12 months.
Test of the method
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 4,508 companies, not a prediction for GénérationElec. 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.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.79 (0.75 in 2024), below 1. Short-term debt is 42.4% and cash 2.6% of total assets. 80.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
1 day early
2022
on the day
2021
24 days late
2020
37 days early
2019
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Company renamed from V&P GENERATION ELEC to GénérationElec
Change of role: VACHER Yohan Norman Julien, from manager to director · Director discharge: VACHER Yohan Norman Julien · Gazette deed
First establishment
V&P generationelec, Pater Damiaanstraat 7, Mouscron
Incorporation
published on 05-07-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GénérationElec Mouscron | €1.6m | €312,974 | 19.4% | 3.3 |
| STI-VANDENDORPE Wavre | €1.4m | €304,462 | 51.9% | 3.5 |
| A & S Waregem | €1.1m | €455,057 | 67.8% | 2 |
| INDUSTRIAL SUPPLY & SUPPORT Aartselaar | €1.7m | €567,936 | 52.4% | 3 |
| MAPITEC ENGINEERING & CONSULTANCY Ghent | €1.6m | €405,843 | 41.1% | 1.4 |
| BELRIVE Liège | €0.8m | €229,810 | 68.9% | 3 |
| DE WEERDT Rijkevorsel | €1.0m | €300,036 | 32.9% | 1.8 |
These companies have the same main activity as GénérationElec: agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140). They are comparable in size and age: total assets between €789,000 and €1.7m, founded between 2004 and 2014.
Official details
Source: KBO- Status
- Active since 01-07-2010Normal situation
- Activity
- Agents in the wholesale of industrial machinery, ships and aircraftNACE 46140and 4 others
- Establishment unit
- 2.190.083.5197700 Mouscron, since 29-07-2010
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €1.6m▼ 3.0%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on GénérationElec
GénérationElec files the abbreviated format. That format states no turnover. The gross margin rose from €117,681 in 2011 to €312,974 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GénérationElec
- What is the company number of GénérationElec?
- The company number of GénérationElec is 0827.406.931. The VAT number is the same number with BE in front: BE 0827.406.931.
- Where is GénérationElec based?
- The registered office is at Pater Damiaanstraat 7, 7700 Mouscron.Company details
- What does GénérationElec do?
- According to the KBO register, the main activity is agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140).
- What is the legal form of GénérationElec?
- GénérationElec is a private limited company (BV).
- When was GénérationElec founded?
- GénérationElec was founded on 01-07-2010.
- Is GénérationElec still active?
- Yes, GénérationElec is an active enterprise in the KBO register.
- How many employees does GénérationElec have?
- GénérationElec had an average of 3.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of GénérationElec?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €312,974 and 139 comparable companies (NACE 46). It probably lies between €1.0m and €2.7m.
- Is GénérationElec profitable?
- In financial year 2025, GénérationElec made a profit of €30,008.
- Where can I find the annual accounts of GénérationElec?
- GénérationElec filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GénérationElec due?
- GénérationElec must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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