GENETO
ActiveSummary
GENETO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47,842 and a net result of -€15,677. Equity is shrinking by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-64
Solvency92▼-5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.27 in 2023; short-term debt: 32.5% and cash: 13.9% of total assets), and 32.5% of the assets are financed with debt.
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
67.5%
Return on assets
-22.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
20222324
2020 to 2024 · latest year -€15,677
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
396 d late
2022
149 d late
2020
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 149 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€47,842▼ 24.7%
2023 · €63,519
Total assets
€70,882▼ 19.6%
2023 · €88,195
Net result
-€15,677▼ 340%
2023 · -€3,565
Working capital
€2,342▼ 64.7%
2023 · €6,644
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202220232024
Operating result-€40,902-€4,323--€4,136-€15,917▼ 285%
Net result-€40,914-€4,056--€3,565-€15,677▼ 340%
Equity€94,086-€67,084-€63,519▼ 5.3%€47,842▼ 24.7%
Total assets€101,867-€88,954-€88,195▼ 0.9%€70,882▼ 19.6%
Debt€7,780-€21,870-€24,675▲ 12.8%€23,040▼ 6.6%
Working capital€1,334--€1,396-€6,644€2,342▼ 64.7%
Staff (FTE)0.8-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,917 in 2024 against €4,136 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70,882
Fixed assets
€45,500 ▼ 20.0%
Current assets
€25,382 ▼ 19.0%
Equity and liabilities €70,882
Equity
€47,842 ▼ 24.7%
Debt
€23,040 ▼ 6.6%
Debt's share of the balance-sheet total rises from 28.0% to 32.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,542▼
2023 · €7,469
Cash flow
-€4,302▼
2023 · €8,041
Current ratio
1.10▼
2023 · 1.27
Debt to equity
0.48▲
2023 · 0.39
ROE
-32.8%▼
2023 · -5.6%
ROA
-22.1%▼
2023 · -4.0%
Interest coverage
-36.47▼
2023 · 20.97
Debt ≤ 1 year
€23,040▼
2023 · €24,675
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,334 | €11,605 | €11,605 | €11,375 | ▼ 2.0% |
| Other operating charges640/8 | - | €1,187 | €620 | €928 | ▲ 49.6% |
| Gross operating margin9900 | €21,679 | €17,115 | €8,089 | -€3,615 | ▼ 145% |
| Operating profit (loss)9901 | -€40,902 | €4,323 | -€4,136 | -€15,917 | ▼ 285% |
| Financial income75/76B | - | €0 | €928 | €365 | ▼ 60.7% |
| Recurring financial income75 | €33 | €0 | €928 | €365 | ▼ 60.7% |
| Financial charges65/66B | - | €267 | €356 | €125 | ▼ 65.0% |
| Recurring financial charges65 | €45 | €267 | €356 | €125 | ▼ 65.0% |
| Profit (loss) for the period before taxes9903 | -€40,914 | €4,056 | -€3,565 | -€15,677 | ▼ 340% |
| Profit (loss) for the period9904 | -€40,914 | €4,056 | -€3,565 | -€15,677 | ▼ 340% |
| Profit (loss) for the period to be appropriated9905 | -€40,914 | €4,056 | -€3,565 | -€15,677 | ▼ 340% |
| Line | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €101,867 | €88,954 | €88,195 | €70,882 | ▼ 19.6% |
| Fixed assets21/28 | €92,753 | €68,480 | €56,875 | €45,500 | ▼ 20.0% |
| Intangible fixed assets21 | €92,062 | €68,250 | €56,875 | €45,500 | ▼ 20.0% |
| Tangible fixed assets22/27 | €691 | €230 | - | - | - |
| Furniture and vehicles24 | - | €230 | - | - | - |
| Current assets29/58 | €9,114 | €20,474 | €31,320 | €25,382 | ▼ 19.0% |
| Amounts receivable within one year40/41 | €7,557 | €13,248 | €21,560 | €15,551 | ▼ 27.9% |
| Trade receivables40 | - | €11,441 | €20,560 | €12,660 | ▼ 38.4% |
| Other amounts receivable41 | - | €1,807 | €1,000 | €2,891 | ▲ 189% |
| Cash at bank and in hand54/58 | €1,557 | €7,226 | €9,759 | €9,831 | ▲ 0.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €101,867 | €88,954 | €88,195 | €70,882 | ▼ 19.6% |
| Equity10/15 | €94,086 | €67,084 | €63,519 | €47,842 | ▼ 24.7% |
| Contributions10/11 | - | €135,000 | €135,000 | €135,000 | = |
| Profit (loss) carried forward14 | -€40,914 | -€67,916 | -€71,481 | -€87,158 | ▼ 21.9% |
| Amounts payable17/49 | €7,780 | €21,870 | €24,675 | €23,040 | ▼ 6.6% |
| Amounts payable within one year42/48 | €7,780 | €21,870 | €24,675 | €23,040 | ▼ 6.6% |
| Financial debts43 | - | €353 | €391 | €471 | ▲ 20.5% |
| Credit institutions430/8 | - | €353 | €391 | €471 | ▲ 20.5% |
| Trade debts44 | €2,239 | €473 | €2,573 | €1,935 | ▼ 24.8% |
| Suppliers440/4 | - | €473 | €2,573 | €1,935 | ▼ 24.8% |
| Taxes, remuneration and social security45 | - | €644 | €1,000 | - | - |
| Taxes450/3 | - | €644 | €1,000 | - | - |
| Other amounts payable47/48 | - | €20,400 | €20,712 | €20,634 | ▼ 0.4% |
| Line | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€40,914 | €4,056 | -€3,565 | -€15,677 | ▼ 340% |
| + Depreciation and write-downs630 | €25,334 | €11,605 | €11,605 | €11,375 | ▼ 2.0% |
| Operating cash flow (approximation) | -€15,580 | €15,661 | €8,041 | -€4,302 | ▼ 154% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | - | €2,534 | €72 | ▼ 97.1% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 396 days late
2023
27-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 149 days late
2022
31-12
Financial
Back to profitnet €4,056
Net result €4,056 after one loss-making year.
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Beersel · 1 establishment unit since 2019
Ground area
998 m²
Building footprint
144 m²
Parcel 23001C0363/00B000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Geneto BV
since 20192.287.161.317
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23001C0363/00B000 | Flanders | 998 m² | 1 · 144 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 6,799 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
Founded19-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Contact
Website
www.geneto.be
E-mail
info@geneto.be
Scores and ratios are computed by Checked and are not a credit decision.