GENEROSITY BY IS
ActiveSummary
The computed 12-month bankruptcy probability of GENEROSITY BY IS is 3.0% (moderate). The 2024 annual accounts show equity of €54k and a net result of €24k. Its solvency ranks better than 39% of 26043 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+3
Solvency44▲+6
Growth78
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity short (current ratio 0.94 against 0.89 in 2023; short-term debt: 71.5% and cash: 47.8% of total assets), and 80.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
19.4%
Return on assets
8.8%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-03-2026, 224 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
224 d late
2023
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€54k▲ 83.2%
2023 · €29k
2023: €29k
2024: €54k▲ +83.2% vs 2023
2023 → 2024
Total assets
€277k▲ 21.8%
2023 · €227k
2023: €227k
2024: €277k▲ +21.8% vs 2023
2023 → 2024
Net result
€24k▲ 70.3%
2023 · €14k
2023: €14k
2024: €24k▲ +70.3% vs 2023
2023 → 2024
Working capital
€-12k▲ 43.8%
2023 · €-21k
2023: €-21k
2024: €-12k▲ +43.8% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€29k-€54k▲ 83.2%
2023: €29k
2024: €54k▲ +83.2% vs 2023
Operating result€19k-€35k▲ 86.2%
2023: €19k
2024: €35k▲ +86.2% vs 2023
Net result€14k-€24k▲ 70.3%
2023: €14k
2024: €24k▲ +70.3% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 86% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €277k
Fixed assets
€91k ▲ 75.1%
Current assets
€186k ▲ 6.0%
Equity and liabilities €277k
Equity
€54k ▲ 83.2%
Debt
€223k ▲ 12.7%
Debt's share of the balance-sheet total falls from 87.1% to 80.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▲
2023 · €28k
Cash flow
€38k▲
2023 · €23k
Current ratio
0.94▲
2023 · 0.89
Quick ratio
0.72▲
2023 · 0.66
Debt to equity
4.15▼
2023 · 6.74
ROE
45.4%▼
2023 · 48.9%
ROA
8.8%▲
2023 · 6.3%
Interest coverage
16.16▼
2023 · 20.47
Debt ≤ 1 year
€198k▲
2023 · €197k
Debt > 1 year
€25k
Income taxes
€8k▲
2023 · €4k
Staff costs
€77k▲
2023 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€227k€277k▲
Fixed assets21/28€52k€91k▲
Intangible fixed assets21€37k€33k▼
Tangible fixed assets22/27€15k€58k▲
Furniture and vehicles24€15k€58k▲
Current assets29/58€175k€186k▲
Stocks and contracts in progress3€46k€44k▼
Stocks30/36€46k€44k▼
Amounts receivable within one year40/41-€3k
Trade receivables40-€3k
Cash at bank and in hand54/58€93k€132k▲
Deferred charges and accrued income490/1€36k€6k▼
Equity and liabilities
Total equity and liabilities10/49€227k€277k▲
Equity10/15€29k€54k▲
Contributions10/11€15k€15k=
Reserves13€14k€39k▲
Distributable reserves133€14k€39k▲
Amounts payable17/49€198k€223k▲
Amounts payable after more than one year17-€25k
Financial debts170/4-€25k
Amounts payable within one year42/48€197k€198k▲
Current portion of amounts payable after more than one year42-€9k
Trade debts44€21k€18k▼
Suppliers440/4€21k€18k▼
Taxes, remuneration and social security45€36k€53k▲
Taxes450/3€27k€34k▲
Remuneration and social security454/9€9k€19k▲
Other amounts payable47/48€140k€118k▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20232024
Remuneration, social security and pensions62€33k€77k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€14k▲
Other operating charges640/8€993€2k▲
Non-recurring operating charges66A€34k€31k▼
Gross operating margin9900€96k€160k▲
Operating profit (loss)9901€19k€35k▲
Financial income75/76B€283€314▲
Recurring financial income75€283€314▲
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€18k€33k▲
Income taxes67/77€4k€8k▲
Profit (loss) for the period9904€14k€24k▲
Profit (loss) for the period to be appropriated9905€14k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€24k▲
Transfer to equity691/2€14k€24k▲
To other reserves6921€14k€24k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €33k | €77k | ▲ 132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €14k | ▲ 50.0% |
| Other operating charges640/8 | €993 | €2k | ▲ 151% |
| Non-recurring operating charges66A | €34k | €31k | ▼ 7.7% |
| Gross operating margin9900 | €96k | €160k | ▲ 66.5% |
| Operating profit (loss)9901 | €19k | €35k | ▲ 86.2% |
| Financial income75/76B | €283 | €314 | ▲ 11.1% |
| Recurring financial income75 | €283 | €314 | ▲ 11.1% |
| Financial charges65/66B | €1k | €3k | ▲ 121% |
| Recurring financial charges65 | €1k | €3k | ▲ 121% |
| Profit (loss) for the period before taxes9903 | €18k | €33k | ▲ 82.4% |
| Income taxes67/77 | €4k | €8k | ▲ 130% |
| Profit (loss) for the period9904 | €14k | €24k | ▲ 70.3% |
| Profit (loss) for the period to be appropriated9905 | €14k | €24k | ▲ 70.3% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €227k | €277k | ▲ 21.8% |
| Fixed assets21/28 | €52k | €91k | ▲ 75.1% |
| Intangible fixed assets21 | €37k | €33k | ▼ 11.3% |
| Tangible fixed assets22/27 | €15k | €58k | ▲ 294% |
| Furniture and vehicles24 | €15k | €58k | ▲ 294% |
| Current assets29/58 | €175k | €186k | ▲ 6.0% |
| Stocks and contracts in progress3 | €46k | €44k | ▼ 4.6% |
| Stocks30/36 | €46k | €44k | ▼ 4.6% |
| Amounts receivable within one year40/41 | - | €3k | - |
| Trade receivables40 | - | €3k | - |
| Cash at bank and in hand54/58 | €93k | €132k | ▲ 42.4% |
| Deferred charges and accrued income490/1 | €36k | €6k | ▼ 83.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €227k | €277k | ▲ 21.8% |
| Equity10/15 | €29k | €54k | ▲ 83.2% |
| Contributions10/11 | €15k | €15k | = |
| Reserves13 | €14k | €39k | ▲ 170% |
| Distributable reserves133 | €14k | €39k | ▲ 170% |
| Amounts payable17/49 | €198k | €223k | ▲ 12.7% |
| Amounts payable after more than one year17 | - | €25k | - |
| Financial debts170/4 | - | €25k | - |
| Amounts payable within one year42/48 | €197k | €198k | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | - | €9k | - |
| Trade debts44 | €21k | €18k | ▼ 17.5% |
| Suppliers440/4 | €21k | €18k | ▼ 17.5% |
| Taxes, remuneration and social security45 | €36k | €53k | ▲ 48.2% |
| Taxes450/3 | €27k | €34k | ▲ 28.8% |
| Remuneration and social security454/9 | €9k | €19k | ▲ 105% |
| Other amounts payable47/48 | €140k | €118k | ▼ 15.2% |
| Accrued charges and deferred income492/3 | €1k | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €24k | ▲ 70.3% |
| + Depreciation and write-downs630 | €9k | €14k | ▲ 50.0% |
| Operating cash flow (approximation) | €23k | €38k | ▲ 62.4% |
| Investment in fixed assets (approximation) | - | €-53k | - |
| Change in cash | - | €39k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
12-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 224 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Evergem · 2 establishment units since 2022
Ground area
1.7 ha
Building footprint
1.6 ha
Volume, LiDAR
386,243 m³
3 parcels, Brussels, Flanders · tallest building 63.3 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Equivalenza
since 20222.338.855.882
Equivalenza City 2
since 20232.370.978.918
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B1669/00A000 | Brussels | 1.6 ha | 1 · 1.6 ha | 63.3 m · 7 fl. |
| 43006C0389/00A000 | Flanders | 634 m² | 1 · 94 m² | 7.3 m · 2 fl. |
| 44803C0401/00B000 | Flanders | 42 m² | 1 · 42 m² | 12.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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 2,069 companies in sector 47750 we hold annual accounts for 517. 393 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47750Retail sale of cosmetics and toilet articles
Contact
E-mail
sachinmehta79@gmail.com
Phone
+32493887775
Scores and ratios are computed by Checked and are not a credit decision.