Générations
ActiveSummary
Générations has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10.2m and a net result of €1.7m. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 71% of 620 sector peers (NACE 94, financial year 2024). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 2.4 FTE
- Equity
- €10.2m
- Surplus
- €1.7m
- Board
- 4 members
Why 57raises riskCapped at 59: a confirmed filing findingLatest accounts 140 days late; 3 of the last 3 latelowers riskLegal form: non-profit associationFounded in 1995Sector: Activities of membership organisations (NACE 94)Show the evidence
Checked score
Fewer than 1 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 94, micro): better than 79% on solvency, 36% on liquidity, 81% on profitability and 77% on growth.
The bankruptcy probability was computed on 22-10-2026 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 5 accounts on average 223 days after the deadline; the sector median (NACE 94) for financial year 2024 is 29 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · full…
- Resignation: Faouzi Mohamed (director)Reappointments: Merimi Makram, Akrouh Ibrahim…
- Equity above €10mequity €10.2m ▲19.3%
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 23 October 2026.
2020 to 2024, 5 financial years
The operating result recovers in 2024; 2024 is 99% above 2023.
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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 94, Activities of membership organisations: 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), Staff (FTE).
Peer companies
Historical observationOf the 31,372 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,473 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% | 1.0% |
| 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 31,372 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €131 | - | - | - | - |
| Remuneration, social security and pensions62 | €0.07m | €0.08m | €0.09m | €0.1m | €0.09m | ▼ 21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 95.0% |
| Other operating charges640/8 | €0.03m | €0.03m | €0.02m | €0.4m | €0.1m | ▼ 70.4% |
| Gross operating margin9900 | €2.9m | €1.1m | €1.4m | €1.6m | €2.3m | ▲ 47.4% |
| Operating profit (loss)9901 | €2.6m | €0.8m | €1.1m | €0.8m | €1.7m | ▲ 99.0% |
| Financial income75/76B | €24 | €16 | €19 | €492 | €0.004m | ▲ 770% |
| Recurring financial income75 | €24 | €16 | €19 | €492 | €0.004m | ▲ 770% |
| Financial charges65/66B | €0.002m | €0.003m | €0.005m | €0.002m | €0.004m | ▲ 77.1% |
| Recurring financial charges65 | €0.002m | €0.003m | €0.005m | €0.002m | €0.004m | ▲ 77.1% |
| Profit (loss) for the period before taxes9903 | €2.6m | €0.8m | €1.1m | €0.8m | €1.7m | ▲ 99.5% |
| Profit (loss) for the period9904 | €2.6m | €0.8m | €1.1m | €0.8m | €1.7m | ▲ 99.5% |
| Profit (loss) for the period to be appropriated9905 | €2.6m | €0.8m | €1.1m | €0.8m | €1.7m | ▲ 99.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.5m | €8.7m | €9.3m | €12.0m | €13.3m | ▲ 10.7% |
| Fixed assets21/28 | €5.7m | €6.3m | €6.5m | €8.9m | €9.9m | ▲ 11.1% |
| Tangible fixed assets22/27 | €5.7m | €6.3m | €6.5m | €8.9m | €9.9m | ▲ 11.1% |
| Land and buildings22 | €4.9m | €4.7m | €6.3m | €8.6m | €9.5m | ▲ 11.3% |
| Plant, machinery and equipment23 | €0.006m | €0.03m | €0.07m | €0.1m | €0.2m | ▲ 39.1% |
| Furniture and vehicles24 | €0.02m | €0.03m | €0.03m | €0.03m | €0.06m | ▲ 84.9% |
| Other tangible fixed assets26 | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 14.9% |
| Assets under construction and advance payments27 | €0.7m | €1.3m | - | €0.03m | - | - |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €2.7m | €2.5m | €2.8m | €3.1m | €3.4m | ▲ 9.6% |
| Amounts receivable after more than one year29 | €1.2m | €0.5m | €0.5m | €1.2m | €1.2m | ▲ 3.4% |
| Other amounts receivable291 | €1.2m | €0.5m | €0.5m | €1.2m | €1.2m | ▲ 3.4% |
| Amounts receivable within one year40/41 | €0.001m | €0.004m | €0.01m | €0.04m | €0.1m | ▲ 196% |
| Trade receivables40 | - | €0.001m | €0.004m | €0.009m | €0.02m | ▲ 93.8% |
| Other amounts receivable41 | €0.001m | €0.003m | €0.007m | €0.03m | €0.1m | ▲ 225% |
| Cash at bank and in hand54/58 | €1.5m | €1.8m | €2.3m | €1.8m | €1.9m | ▲ 6.5% |
| Deferred charges and accrued income490/1 | €0.01m | €0.2m | €0.01m | €0.08m | €0.1m | ▲ 83.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.5m | €8.7m | €9.3m | €12.0m | €13.3m | ▲ 10.7% |
| Equity10/15 | €5.8m | €6.6m | €7.7m | €8.5m | €10.2m | ▲ 19.3% |
| Contributions10/11 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Capital10 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Profit (loss) carried forward14 | €4.8m | €5.7m | €6.8m | €7.6m | €9.3m | ▲ 21.7% |
| Amounts payable17/49 | €2.7m | €2.1m | €1.6m | €3.4m | €3.1m | ▼ 10.6% |
| Amounts payable after more than one year17 | €0.2m | €0.7m | €0.6m | €1.9m | €1.7m | ▼ 8.0% |
| Financial debts170/4 | €0.003m | €0.001m | - | - | - | - |
| Other amounts payable178/9 | €0.2m | €0.7m | €0.6m | €1.9m | €1.7m | ▼ 8.0% |
| Amounts payable within one year42/48 | €2.4m | €1.3m | €1.0m | €1.5m | €1.3m | ▼ 15.2% |
| Current portion of amounts payable after more than one year42 | €0.6m | €0.002m | €0.001m | €0.2m | €0.2m | ▲ 1.1% |
| Trade debts44 | €0.07m | €0.06m | €0.1m | €0.05m | €0.01m | ▼ 75.1% |
| Suppliers440/4 | €0.07m | €0.06m | €0.1m | €0.05m | €0.01m | ▼ 75.1% |
| Taxes, remuneration and social security45 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 16.9% |
| Taxes450/3 | €0.008m | €0.003m | €0.003m | €0.001m | €0.001m | ▲ 0.1% |
| Remuneration and social security454/9 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 18.1% |
| Accrued charges and deferred income492/3 | €0.03m | €0.08m | €0.08m | €0.07m | €0.08m | ▲ 20.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.6m | €0.8m | €1.1m | €0.8m | €1.7m | ▲ 99.5% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 95.0% |
| Operating cash flow (approximation) | €2.8m | €1.0m | €1.3m | €1.1m | €2.1m | ▲ 98.4% |
| Investment in fixed assets (approximation) | - | -€0.7m | -€0.4m | -€2.6m | -€1.5m | ▲ 44.1% |
| Change in cash | - | €0.4m | €0.5m | -€0.5m | €0.1m | - |
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 (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 18-12-2025 | 2025-00586552 |
| 31-12-2023 | full format | 19-12-2024 | 2024-00624412 |
| 31-12-2022 | full format | 23-11-2023 | 2023-00517217 |
| 31-12-2021 | full format | 23-01-2023 | 2023-00003139 |
| 31-12-2020 | full format | 23-01-2023 | 2023-00002945 |
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
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Abouhafs Mohamed |
|
| Akrouh Ibrahim |
|
| Belghiti Alaoui Abdellilah |
|
| Merimi Makram |
|
| Faouzi Mohamed |
|
Owners and capital
Owners
This non-profit association has no shareholders or capital.
Group and network
Connections & network
4 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
28-11
Gazette deed
Resignation: Faouzi Mohamed (director)Reappointments: Merimi Makram, Akrouh Ibrahim and 2 others10 facts ▸
- General meeting, 31-05-2025
- Other provision, “participant à l'assemblée générale, présents physiquement ou à distance” (deed in French) (5 times)
- Other provision, “participant à l'assemblée générale, (AD)” (deed in French)
- Director resignation, Faouzi Mohamed (director)
- Other provision, “expatriation,participation à distance, remerciements” (deed in French)
- Other provision, “membre effectif, maintien de la qualité de membre” (deed in French)
- Director reappointment, Merimi Makram (director)
- Director reappointment, Akrouh Ibrahim (director)
- Director reappointment, Belghiti Alaoui Abdellilah (director)
- Director reappointment, Abouhafs Mohamed (director)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 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
4 establishment units
4 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21523B0943/00C031 | Brussels | 2,295 m² | 1 · 2,099 m² | 13.6 m · 3 |
| 21012F0356/00S000 | Brussels | 478 m² | 1 · 478 m² | 14.8 m · 4 |
| 21012A0007/00C006 | Brussels | 427 m² | 1 · 189 m² | 17.6 m · 4 |
| 21910E0124/00Y017 | Brussels | 197 m² | 1 · 96 m² | 18.3 m · 5 |