Generations
ActiveSummary
The computed 12-month bankruptcy probability of Generations is 4.3% (elevated). The 2024 annual accounts show equity of €14,282 and a net result of -€2,349. Its solvency ranks better than 65% of 25,569 sector peers (NACE 47, financial year 2024). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €14,282
- Loss
- -€2,349
- Sas Consultancy BVDirector
Why 47raises riskFigures for financial year 2024 (filed 10-06-2025)Founded in 2022Liquidity: current ratio 2.54, cash €10, halved1 financial year not filed after the legal deadlineShow the evidence
Checked score
About 4 in 100 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 47, micro): better than 65% on solvency, 29% on liquidity, 20% on profitability and 23% on growth.
The bankruptcy probability was computed on 24-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 2 accounts on average 27 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
- Resignation: Sammy Smits (director)Permanent representative: Wannes Sas ·…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro 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 25 October 2026.
2023 to 2024, 2 financial years
The operating result stays negative: a loss of €2,336 in 2024 against €3,278 in 2023; the loss shrinks.
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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: 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, Return on assets (ROA).
Peer companies
Historical observationOf the 2,146 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 91.7% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 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% | 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% |
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 2,146 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 | 2023 | 2024 | Change |
|---|---|---|---|
| Other operating charges640/8 | €218 | €118 | ▼ 45.9% |
| Gross operating margin9900 | -€3,060 | -€2,218 | ▲ 27.5% |
| Operating profit (loss)9901 | -€3,278 | -€2,336 | ▲ 28.8% |
| Financial income75/76B | €40 | €45 | ▲ 13.7% |
| Recurring financial income75 | €40 | €45 | ▲ 13.7% |
| Financial charges65/66B | €130 | €59 | ▼ 55.0% |
| Recurring financial charges65 | €130 | €59 | ▼ 55.0% |
| Profit (loss) for the period before taxes9903 | -€3,369 | -€2,349 | ▲ 30.3% |
| Profit (loss) for the period9904 | -€3,369 | -€2,349 | ▲ 30.3% |
| Profit (loss) for the period to be appropriated9905 | -€3,369 | -€2,349 | ▲ 30.3% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €18,791 | €28,283 | ▲ 50.5% |
| Current assets29/58 | €18,791 | €28,283 | ▲ 50.5% |
| Stocks and contracts in progress3 | - | €15,130 | - |
| Stocks30/36 | - | €15,130 | - |
| Amounts receivable within one year40/41 | €11,669 | €13,143 | ▲ 12.6% |
| Trade receivables40 | €10,766 | €2,728 | ▼ 74.7% |
| Other amounts receivable41 | €903 | €10,414 | ▲ 12× |
| Cash at bank and in hand54/58 | €7,122 | €10 | ▼ 99.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €18,791 | €28,283 | ▲ 50.5% |
| Equity10/15 | €16,631 | €14,282 | ▼ 14.1% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€3,369 | -€5,718 | ▼ 69.7% |
| Amounts payable17/49 | €2,160 | €14,001 | ▲ 548% |
| Amounts payable within one year42/48 | €160 | €11,122 | ▲ 70× |
| Trade debts44 | €160 | - | - |
| Suppliers440/4 | €160 | - | - |
| Taxes, remuneration and social security45 | - | €148 | - |
| Taxes450/3 | - | €148 | - |
| Other amounts payable47/48 | - | €10,974 | - |
| Accrued charges and deferred income492/3 | €2,000 | €2,879 | ▲ 44.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€3,369 | -€2,349 | ▲ 30.3% |
| Operating cash flow (approximation) | -€3,369 | -€2,349 | ▲ 30.3% |
| Change in cash | - | -€7,112 | - |
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 (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 10-06-2025 | 2025-00129676 |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00326336 |
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 |
|---|---|
| Sas Consultancy BVfrom an act |
|
| Sammy Smits |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
14-11
Gazette deed
Resignation: Sammy Smits (director)Permanent representative: Wannes Sas · Director discharge6 facts ▸
- General meeting, 28-08-2025
- Director resignation, Sammy Smits (director (not named in the articles))
- Director discharge, Sammy Smits
- Permanent representative, Wannes Sas
- Director in office, Sas Consultancy BV (director)
- Other provision, “formuliervermelding voorkant Luik B, Voorkant” (deed in Dutch)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has 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 24 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
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13025G1055/00P060 | Flanders | 1,097 m² | 1 · 160 m² | 6.8 m · 2 |