Summary
GENEX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €182,265 and a net result of €26,914. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 68% of 1,844 sector peers (NACE 66, financial year 2025). The company has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
In the rankings
#4 oldest company in Duffel, Finance and insurance sector
Equity
€182,265▲ 17.3%
2024 · €155,352
Net result
€26,914▲ 196%
2024 · €9,084
Total assets
€301,887▲ 13.6%
2024 · €265,679
Solvency
60.4%▲ 1.9pp
2024 · 58.5%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 142% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€36,486
2025
Net result€26,914
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€301,887
2025
Equity€182,265
2025
Debt€119,622
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€110,102
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)8.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency60.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.92
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: 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, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€147,199-€72,366▼ 50.8%€18,829▼ 74.0%€31,178▲ 65.6%€41,057▲ 31.7%€15,050▼ 63.3%€36,486▲ 142%
Net result€99,776-€48,460within the sector's middle half▼ 51.4%€8,991below the sector's middle half▼ 81.4%€19,921within the sector's middle half▲ 122%€28,267within the sector's middle half▲ 41.9%€9,084below the sector's middle half▼ 67.9%€26,914within the sector's middle half▲ 196%
Equity€85,629-€89,089below the sector's middle half▲ 4.0%€98,080below the sector's middle half▲ 10.1%€118,001within the sector's middle half▲ 20.3%€146,267within the sector's middle half▲ 24.0%€155,352within the sector's middle half▲ 6.2%€182,265within the sector's middle half▲ 17.3%
Total assets€294,870-€306,550below the sector's middle half▲ 4.0%€191,397below the sector's middle half▼ 37.6%€229,202below the sector's middle half▲ 19.8%€244,539below the sector's middle half▲ 6.7%€265,679below the sector's middle half▲ 8.6%€301,887below the sector's middle half▲ 13.6%
Debt€209,241-€217,461▲ 3.9%€93,317▼ 57.1%€111,202▲ 19.2%€98,272▼ 11.6%€110,327▲ 12.3%€119,622▲ 8.4%
Working capital-€41,446--€52,810below the sector's middle half▼ 27.4%-€16,682below the sector's middle half▲ 68.4%€20,114within the sector's middle half€65,198within the sector's middle half▲ 224%€69,990within the sector's middle half▲ 7.4%€110,102within the sector's middle half▲ 57.3%
Solvency29.0%-29.1%within the sector's middle half=51.2%within the sector's middle half▲ 22.2pp51.5%within the sector's middle half▲ 0.2pp59.8%within the sector's middle half▲ 8.3pp58.5%within the sector's middle half▼ 1.3pp60.4%within the sector's middle half▲ 1.9pp
Current ratio0.79-0.71below the sector's middle half▼ 0.080.82below the sector's middle half▲ 0.111.18within the sector's middle half▲ 0.361.66within the sector's middle half▲ 0.481.64within the sector's middle half▼ 0.021.92within the sector's middle half▲ 0.28
Return on assets (ROA)33.8%-15.8%within the sector's middle half▼ 18.0pp4.7%within the sector's middle half▼ 11.1pp8.7%within the sector's middle half▲ 4.0pp11.6%within the sector's middle half▲ 2.9pp3.4%within the sector's middle half▼ 8.1pp8.9%within the sector's middle half▲ 5.5pp
Staff (FTE)1.1-1below the sector's middle half▼ 9.1%1below the sector's middle half=0.2below the sector's middle half▼ 80.0%0below the sector's middle half▼ 100%
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: 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.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €301,887
Fixed assets
€72,372 ▼ 16.5%
Current assets
€229,515 ▲ 28.2%
Equity and liabilities €301,887
Equity
€182,265 ▲ 17.3%
Debt
€119,622 ▲ 8.4%
Debt's share of the balance-sheet total falls from 41.5% to 39.6%. Equity and debt are higher.
Key figures and ratios
ROE
14.8%▲
2024 · 5.8%
Debt ≤ 1 year
€119,413▲
2024 · €108,999
Income taxes
€9,560▲
2024 · €3,410
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €9,465 | €143 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,425 | €25,656 | €22,482 | €16,822 | €16,821 | €16,323 | €15,372 | ▼ 5.8% |
| Other operating charges640/8 | - | - | - | €750 | €822 | €956 | €767 | ▼ 19.8% |
| Gross operating margin9900 | €208,372 | €125,816 | €54,138 | €58,214 | €58,843 | €32,330 | €52,625 | ▲ 62.8% |
| Operating profit (loss)9901 | €147,199 | €72,366 | €18,829 | €31,178 | €41,057 | €15,050 | €36,486 | ▲ 142% |
| Financial income75/76B | - | - | - | €1,385 | €1,126 | €1,370 | €2,725 | ▲ 98.9% |
| Recurring financial income75 | €3,058 | €1 | €0 | €1,385 | €1,126 | €1,370 | €2,725 | ▲ 98.9% |
| Financial charges65/66B | - | - | - | €5,375 | €4,132 | €3,925 | €2,737 | ▼ 30.3% |
| Recurring financial charges65 | €4,393 | €3,519 | €5,556 | €5,375 | €4,132 | €3,925 | €2,737 | ▼ 30.3% |
| Profit (loss) for the period before taxes9903 | €145,864 | €68,848 | €13,273 | €27,188 | €38,051 | €12,494 | €36,473 | ▲ 192% |
| Income taxes67/77 | €46,088 | €20,387 | €4,282 | €7,267 | €9,784 | €3,410 | €9,560 | ▲ 180% |
| Profit (loss) for the period9904 | €99,776 | €48,460 | €8,991 | €19,921 | €28,267 | €9,084 | €26,914 | ▲ 196% |
| Profit (loss) for the period to be appropriated9905 | €99,776 | €48,460 | €8,991 | €19,921 | €28,267 | €9,084 | €26,914 | ▲ 196% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €294,870 | €306,550 | €191,397 | €229,202 | €244,539 | €265,679 | €301,887 | ▲ 13.6% |
| Fixed assets21/28 | €136,130 | €174,073 | €114,762 | €97,940 | €81,119 | €86,689 | €72,372 | ▼ 16.5% |
| Tangible fixed assets22/27 | €136,055 | €173,998 | €114,687 | €97,865 | €81,044 | €86,614 | €72,297 | ▼ 16.5% |
| Plant, machinery and equipment23 | - | - | - | €2,081 | €966 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €11,845 | €8,779 | €6,815 | €3,787 | ▼ 44.4% |
| Other tangible fixed assets26 | - | - | - | €83,939 | €71,299 | €79,799 | €68,509 | ▼ 14.1% |
| Financial fixed assets28 | €75 | €75 | €75 | €75 | €75 | €75 | €75 | = |
| Current assets29/58 | €158,740 | €132,477 | €76,635 | €131,262 | €163,420 | €178,990 | €229,515 | ▲ 28.2% |
| Amounts receivable within one year40/41 | €114,101 | €76,807 | €29,760 | €46,742 | €59,957 | €42,067 | €43,506 | ▲ 3.4% |
| Trade receivables40 | - | - | - | €44,461 | €56,241 | €35,477 | €43,506 | ▲ 22.6% |
| Other amounts receivable41 | - | - | - | €2,281 | €3,716 | €6,590 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €41,557 | €51,022 | €42,534 | €80,683 | €99,245 | €132,459 | €181,684 | ▲ 37.2% |
| Deferred charges and accrued income490/1 | - | - | - | €3,837 | €4,218 | €4,464 | €4,326 | ▼ 3.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €294,870 | €306,550 | €191,397 | €229,202 | €244,539 | €265,679 | €301,887 | ▲ 13.6% |
| Equity10/15 | €85,629 | €89,089 | €98,080 | €118,001 | €146,267 | €155,352 | €182,265 | ▲ 17.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €17,429 | €20,889 | €29,880 | €49,801 | €78,067 | €87,152 | €114,065 | ▲ 30.9% |
| Amounts payable17/49 | €209,241 | €217,461 | €93,317 | €111,202 | €98,272 | €110,327 | €119,622 | ▲ 8.4% |
| Amounts payable after more than one year17 | €9,055 | €32,174 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €200,186 | €185,287 | €93,317 | €111,148 | €98,223 | €108,999 | €119,413 | ▲ 9.6% |
| Financial debts43 | - | - | - | €1,784 | €8,224 | €14,784 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €1,784 | €8,224 | - | - | - |
| Other loans439 | - | - | - | - | - | €14,784 | €0 | ▼ 100% |
| Trade debts44 | €125,798 | €128,670 | €44,495 | €78,371 | €13,932 | €4,558 | €7,075 | ▲ 55.2% |
| Suppliers440/4 | - | - | - | €78,371 | €13,932 | €4,558 | €7,075 | ▲ 55.2% |
| Taxes, remuneration and social security45 | - | - | - | €2,267 | €0 | €675 | €3,585 | ▲ 431% |
| Taxes450/3 | - | - | - | €2,267 | €0 | €675 | €3,585 | ▲ 431% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €28,726 | €76,067 | €88,982 | €108,754 | ▲ 22.2% |
| Accrued charges and deferred income492/3 | - | - | - | €54 | €49 | €1,328 | €209 | ▼ 84.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99,776 | €48,460 | €8,991 | €19,921 | €28,267 | €9,084 | €26,914 | ▲ 196% |
| + Depreciation and write-downs630 | €24,425 | €25,656 | €22,482 | €16,822 | €16,821 | €16,323 | €15,372 | ▼ 5.8% |
| Operating cash flow (approximation) | €124,201 | €74,117 | €31,473 | €36,742 | €45,088 | €25,407 | €42,285 | ▲ 66.4% |
| Investment in fixed assets (approximation) | - | -€63,600 | €36,830 | €0 | €0 | -€21,893 | -€1,055 | ▲ 95.2% |
| Change in cash | - | €9,465 | -€8,487 | €38,149 | €18,562 | €33,214 | €49,225 | ▲ 48.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 19-12-2025 | 2025-00585221 |
| 30-06-2024 | abbreviated format | 03-12-2024 | 2024-00608662 |
| 30-06-2023 | abbreviated format | 22-12-2023 | 2023-00534843 |
| 30-06-2022 | abbreviated format | 13-12-2022 | 2022-20536058 |
| 30-06-2021 | abbreviated format | 23-12-2021 | 2021-81400475 |
| 30-06-2020 | abbreviated format | 05-01-2021 | 2021-00200345 |
| 30-06-2019 | abbreviated format | 10-12-2019 | 2019-75700542 |
| 30-06-2018 | abbreviated format | 06-12-2018 | 2018-74000059 |
| 30-06-2017 | abbreviated format | 18-12-2017 | 2017-72100106 |
| 30-06-2016 | abbreviated format | 22-12-2016 | 2016-71200524 |
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