GENESTE
ActiveSummary
The annual accounts of GENESTE for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €2,414 and a net result of -€3,314. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 14284 sector peers (fiscal year 2025). The company has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-1
Solvency25=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.05 against 0.09 in 2024; short-term debt: 87.6% and cash: 2.6% of total assets), and 99.8% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 14284 sector peers (2025).
NBB · sector comparisonPosition among 14284 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
2 d early
2023
71 d early
2022
17 d early
2021
57 d early
2020
77 d early
2019
73 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Lasne, Real estate sector
Equity
€2,414▼ 57.9%
2024 · €5,728
Total assets
€1.4m▼ 8.4%
2024 · €1.5m
Net result
-€3,314
2024 · €3,800
Working capital
-€1.2m▲ 0.8%
2024 · -€1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,505▲ 56.0%€17,781▼ 58.2%€20,944▲ 17.8%€14,833▼ 29.2%€3,544▼ 76.1%
Net result€27,311within the sector's middle half▲ 149%€3,841within the sector's middle half▼ 85.9%€8,299within the sector's middle half▲ 116%€3,800within the sector's middle half▼ 54.2%-€3,314within the sector's middle half
Equity-€10,212below the sector's middle half▲ 72.8%-€6,371below the sector's middle half▲ 37.6%€1,928below the sector's middle half€5,728below the sector's middle half▲ 197%€2,414below the sector's middle half▼ 57.9%
Total assets€1.7mabove the sector's middle half▲ 0.5%€1.6mabove the sector's middle half▼ 3.6%€1.6mabove the sector's middle half▼ 2.7%€1.5mabove the sector's middle half▼ 2.8%€1.4mabove the sector's middle half▼ 8.4%
Debt€1.7m▼ 1.2%€1.6m▼ 3.8%€1.6m▼ 3.2%€1.5m▼ 3.1%€1.4m▼ 8.2%
Working capital-€1.2mbelow the sector's middle half▲ 3.0%-€1.2mbelow the sector's middle half▲ 2.1%-€1.2mbelow the sector's middle half▲ 2.8%-€1.2mbelow the sector's middle half▼ 0.2%-€1.2mbelow the sector's middle half▲ 0.8%
Solvency-0.6%below the sector's middle half▲ 1.7pp-0.4%below the sector's middle half▲ 0.2pp0.1%below the sector's middle half▲ 0.5pp0.4%below the sector's middle half▲ 0.3pp0.2%below the sector's middle half▼ 0.2pp
Current ratio0.07below the sector's middle half▲ 0.040.08below the sector's middle half▲ 0.010.10below the sector's middle half▲ 0.020.09below the sector's middle half=0.05below the sector's middle half▼ 0.05
Return on assets (ROA)1.6%within the sector's middle half▲ 1.0pp0.2%within the sector's middle half▼ 1.4pp0.5%within the sector's middle half▲ 0.3pp0.3%within the sector's middle half▼ 0.3pp-0.2%within the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 76% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.3m ▼ 4.3%
Current assets
€54,873 ▼ 54.8%
Equity and liabilities €1.4m
Equity
€2,414 ▼ 57.9%
Debt
€1.4m ▼ 8.2%
Debt's share of the balance-sheet total rises from 99.6% to 99.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€73,820▼
2024 · €84,710
Cash flow
€66,962▼
2024 · €73,677
ROE
-137.2%▼
2024 · 66.3%
Interest coverage
8.12▲
2024 · 7.95
Debt ≤ 1 year
€1.2m▼
2024 · €1.3m
Debt > 1 year
€170,230▼
2024 · €217,500
Income taxes
€425▲
2024 · €374
A ratio outside any meaningful range has been withheld (balance sheet total €1.4m, equity €2,414).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,104 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.8%
went bankrupt
3.6%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,340 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% 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 1,104 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,853 | €69,467 | €69,640 | €69,877 | €70,276 | ▲ 0.6% |
| Other operating charges640/8 | - | €11,066 | €11,624 | €12,098 | €671 | ▼ 94.4% |
| Gross operating margin9900 | €121,093 | €98,313 | €102,208 | €96,808 | €74,491 | ▼ 23.1% |
| Operating profit (loss)9901 | €42,505 | €17,781 | €20,944 | €14,833 | €3,544 | ▼ 76.1% |
| Financial income75/76B | - | €0 | - | €0 | €2,658 | ▲ 759,257% |
| Recurring financial income75 | - | €0 | - | €0 | €2,658 | ▲ 759,257% |
| Financial charges65/66B | - | €13,580 | €12,259 | €10,659 | €9,090 | ▼ 14.7% |
| Recurring financial charges65 | €14,923 | €13,580 | €12,259 | €10,659 | €9,090 | ▼ 14.7% |
| Profit (loss) for the period before taxes9903 | €27,582 | €4,201 | €8,686 | €4,174 | -€2,889 | ▼ 169% |
| Income taxes67/77 | €271 | €360 | €387 | €374 | €425 | ▲ 13.7% |
| Profit (loss) for the period9904 | €27,311 | €3,841 | €8,299 | €3,800 | -€3,314 | ▼ 187% |
| Profit (loss) for the period to be appropriated9905 | €27,311 | €3,841 | €8,299 | €3,800 | -€3,314 | ▼ 187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.6m | €1.6m | €1.5m | €1.4m | ▼ 8.4% |
| Fixed assets21/28 | €1.6m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 4.3% |
| Tangible fixed assets22/27 | €1.6m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 4.3% |
| Land and buildings22 | - | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 4.8% |
| Plant, machinery and equipment23 | - | €1,675 | €1,500 | €1,325 | €2,381 | ▲ 79.7% |
| Furniture and vehicles24 | - | €11,266 | €6,047 | €969 | €6,689 | ▲ 590% |
| Current assets29/58 | €93,054 | €99,374 | €126,008 | €121,476 | €54,873 | ▼ 54.8% |
| Amounts receivable within one year40/41 | €17,201 | €3,746 | €2,877 | €13,363 | €13,254 | ▼ 0.8% |
| Trade receivables40 | - | €3,413 | €2,877 | €8,363 | €8,254 | ▼ 1.3% |
| Other amounts receivable41 | - | €333 | - | €5,000 | €5,000 | = |
| Current investments50/53 | - | - | - | €100,000 | - | - |
| Cash at bank and in hand54/58 | €72,146 | €93,451 | €116,092 | €3,991 | €36,078 | ▲ 804% |
| Deferred charges and accrued income490/1 | - | €2,177 | €7,039 | €4,123 | €5,541 | ▲ 34.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.6m | €1.6m | €1.5m | €1.4m | ▼ 8.4% |
| Equity10/15 | -€10,212 | -€6,371 | €1,928 | €5,728 | €2,414 | ▼ 57.9% |
| Contributions10/11 | €700,000 | €700,000 | €700,000 | €700,000 | €700,000 | = |
| Capital10 | - | €700,000 | €700,000 | €700,000 | €700,000 | = |
| Issued capital100 | - | €700,000 | €700,000 | €700,000 | €700,000 | = |
| Reserves13 | €38,048 | €38,048 | €38,048 | €38,048 | €38,048 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €1,848 | €1,848 | €1,848 | €1,848 | = |
| Distributable reserves133 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€748,259 | -€744,418 | -€736,119 | -€732,320 | -€735,633 | ▼ 0.5% |
| Amounts payable17/49 | €1.7m | €1.6m | €1.6m | €1.5m | €1.4m | ▼ 8.2% |
| Amounts payable after more than one year17 | €349,665 | €307,161 | €263,125 | €217,500 | €170,230 | ▼ 21.7% |
| Financial debts170/4 | - | €307,161 | €263,125 | €217,500 | €170,230 | ▼ 21.7% |
| Amounts payable within one year42/48 | €1.3m | €1.3m | €1.3m | €1.3m | €1.2m | ▼ 5.9% |
| Current portion of amounts payable after more than one year42 | - | €42,503 | €40,426 | €45,625 | €47,270 | ▲ 3.6% |
| Trade debts44 | €16,808 | €1,644 | €3,427 | €1,319 | €492 | ▼ 62.7% |
| Suppliers440/4 | - | €1,644 | €3,427 | €1,319 | €492 | ▼ 62.7% |
| Taxes, remuneration and social security45 | - | €901 | €387 | €4 | €425 | ▲ 11,288% |
| Taxes450/3 | - | €901 | €387 | €4 | €425 | ▲ 11,288% |
| Other amounts payable47/48 | - | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 6.2% |
| Accrued charges and deferred income492/3 | - | €97 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,311 | €3,841 | €8,299 | €3,800 | -€3,314 | ▼ 187% |
| + Depreciation and write-downs630 | €67,853 | €69,467 | €69,640 | €69,877 | €70,276 | ▲ 0.6% |
| Operating cash flow (approximation) | €95,164 | €73,308 | €77,939 | €73,677 | €66,962 | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | -€2,580 | €0 | -€30,131 | -€9,832 | ▲ 67.4% |
| Change in cash | - | €21,305 | €22,642 | -€112,102 | €32,087 | ▲ 129% |
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
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €27,311 ▲149%
Operating result €42,505, net result €27,311, both a record.
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €10,968
Net result €10,968 after 2 loss-making years.
17-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Lasne · 2 establishment units since 1967
Ground area
4,556 m²
Building footprint
574 m²
Volume, LiDAR
4,544 m³
3 parcels, Brussels, Wallonia · tallest building 16.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Putdaelweg 21, 1150 Sint-Pieters-Woluwe
since 19672.037.560.224
DISERPA
since 19922.037.560.323
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076A0292/00C003 | Wallonia | 3,076 m² | 1 · 303 m² | 10.7 m · 2 fl. |
| 21682C0012/00W000 | Brussels | 1,248 m² | 1 · 170 m² | 11.7 m · 2 fl. |
| 21443C0219/00M022 | Brussels | 231 m² | 1 · 101 m² | 16.7 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 9,144 companies in sector 68201 we hold annual accounts for 6,775. 713 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-06-1967
Fiscal year end30-09
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400489244
Also
9925:BE0400489244
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.