GENERATIONS RECRUITMENT
ActiveGENERATIONS RECRUITMENT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €241k and a net result of €-86k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 1205 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-61
Solvency73▼-8
Growth68▼-17
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.84 in 2023), but 61.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
38.8%
Return on assets
-13.9%
Age of the figures
20 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
27 d early
2022
32 d early
2021
42 d early
2020
2 d early
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€856k▲ 29.9%
2018 · €659k
2018: €659k
2018 → 2019
EBIT margin
7.9%▲ 3.8pp
2018 · 4.1%
2018: 4.1%
2018 → 2019
Net result
€-86k
2023 · €40k
2018: €17k
2019: €46k
2020: €20k
2021: €26k
2022: €58k
2023: €40k
2018 → 2024
Working capital
€201k▼ 42.4%
2023 · €349k
2018: €210k
2019: €275k
2020: €253k
2021: €289k
2022: €398k
2023: €349k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€251k-€289k▲ 15.1%€327k▲ 13.1%€327k▲ 0.1%€241k▼ 26.4%
Operating result€28k-€42k▲ 46.9%€92k▲ 121%€57k▼ 38.4%€-77k
Net result€20k-€26k▲ 28.4%€58k▲ 127%€40k▼ 30.6%€-86k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €77k after €57k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €621k
Fixed assets
€60k▲ 16.9%
Current assets
€560k▼ 26.5%
Equity and liabilities €621k
Equity
€241k▼ 26.4%
Provisions
€0▼ 100%
Debt
€380k▼ 16.6%
The debt ratio rises from 56.0% to 61.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-57k▼
2023 · €68k
Cash flow
€-66k▼
2023 · €51k
Solvency
38.8%▼
2023 · 40.2%
Current ratio
1.56▼
2023 · 1.84
Quick ratio
1.56▼
2023 · 1.84
Debt / equity
1.58▲
2023 · 1.39
ROE
-35.8%▼
2023 · 12.3%
ROA
-13.9%▼
2023 · 4.9%
Interest coverage
-6.56▼
2023 · 24.27
Debt
€380k▼
2023 · €455k
Debt ≤ 1 year
€360k▼
2023 · €414k
Income taxes
€4k▼
2023 · €30k
Staff costs
€433k▲
2023 · €423k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€814k€621k▼
Fixed assets21/28€52k€60k▲
Intangible fixed assets21€28k€34k▲
Tangible fixed assets22/27€24k€27k▲
Plant, machinery and equipment23€333-
Furniture and vehicles24€3k€9k▲
Other tangible fixed assets26€21k€18k▼
Financial fixed assets28€50€50=
Current assets29/58€762k€560k▼
Amounts receivable within one year40/41€291k€245k▼
Trade receivables40€291k€205k▼
Other amounts receivable41€567€41k▲
Current investments50/53€316k€241k▼
Cash at bank and in hand54/58€148k€57k▼
Deferred charges and accrued income490/1€7k€17k▲
Equity and liabilities
Total equity and liabilities10/49€814k€621k▼
Equity10/15€327k€241k▼
Contributions10/11€19k€19k=
Reserves13€308k€222k▼
Tax-exempt reserves132€19k€19k=
Distributable reserves133€290k€203k▼
Provisions and deferred taxes16€31k-
Provisions for liabilities and charges160/5€31k-
Pensions and similar obligations160€31k-
Amounts payable17/49€455k€380k▼
Amounts payable within one year42/48€414k€360k▼
Current portion of amounts payable after more than one year42€130k€114k▼
Financial debts43€15k€3k▼
Credit institutions430/8€15k€3k▼
Trade debts44€182k€157k▼
Suppliers440/4€182k€157k▼
Taxes, remuneration and social security45€74k€72k▼
Taxes450/3€38k€40k▲
Remuneration and social security454/9€36k€32k▼
Other amounts payable47/48€12k€15k▲
Accrued charges and deferred income492/3€42k€20k▼
Income statement
Code20232024
Remuneration, social security and pensions62€423k€433k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€21k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-31k
Other operating charges640/8€892€1k▲
Gross operating margin9900€492k€346k▼
Operating profit (loss)9901€57k€-77k▼
Financial income75/76B€16k€3k▼
Recurring financial income75€131€3k▲
Non-recurring financial income76B€16k-
Financial charges65/66B€3k€9k▲
Recurring financial charges65€3k€9k▲
Profit (loss) for the period before taxes9903€70k€-83k▼
Income taxes67/77€30k€4k▼
Profit (loss) for the period9904€40k€-86k▼
Profit (loss) for the period to be appropriated9905€40k€-86k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€-86k▼
Transfer from equity791/2€40k€86k▲
Transfer to equity691/2€40k-
To other reserves6921€40k-
Profit to be distributed694/7€40k-
Return on contributions (dividend)694€40k-
Social balance
Average headcount (FTE)908751.05.3▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
14-07
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-86k ▼314%
Net result drops to €-86k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €58k ▲127%
Operating result €92k, net result €58k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
31-12
Financial
Equity above €200kEq €231k ▲24.6%
2 profitable years in a row build equity to €231k.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 2 establishment units since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Waterloose Steenweg 412F1050 ElseneGround area
9,726 m²
Building footprint
1,471 m²
Volume, LiDAR
26,342 m³
2 parcels, Brussels, Flanders · tallest building 29.7 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Toeristenlaan 5, 1640 Sint-Genesius-Rode
since 20092.176.405.133
Waterloose Steenweg 412 F, 1050 Elsene
since 20112.203.722.214
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0298/00S013 | Brussels | 9,346 m² | 1 · 1,407 m² | 29.7 m · 6 fl. |
| 22004A0043/00W031 | Flanders | 380 m² | 1 · 64 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 38,929 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-2009
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
82300Organisation of conventions and trade shows
68310Real estate agency activities
68311Real estate activities
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
78100Employment placement agencies
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:yoni@generationsrecruitment.com
Phone:0474/500.108