GENI-PROJECTS
ActiveSummary
GENI-PROJECTS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €218k and a net result of €71k. Equity is shrinking by ~8% per year across the filed fiscal years. Its solvency ranks better than 56% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+3
Solvency63▼-15
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.32 in 2024; short-term debt: 43.9% and cash: 8% of total assets), and 61.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.2%
Return on assets
12.5%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
15 d early
2023
on the day
2022
16 d late
2021
39 d early
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€218k▼ 26.6%
2024 · €297k
2018: €413k
2019: €444k▲ +7.5% vs 2018
2020: €482k▲ +8.5% vs 2019highest in 8 years
2021: €344k▼ -28.7% vs 2020
2022: €463k▲ +34.6% vs 2021
2023: €244k▼ -47.3% vs 2022
2024: €297k▲ +21.9% vs 2023
2025: €218k▼ -26.6% vs 2024lowest in 8 years
2018 → 2025
Total assets
€570k▲ 2.5%
2024 · €556k
2018: €937k
2019: €1.14M▲ +21.9% vs 2018highest in 8 years
2020: €1.10M▼ -3.4% vs 2019
2021: €1.03M▼ -6.6% vs 2020
2022: €937k▼ -9.0% vs 2021
2023: €531k▼ -43.3% vs 2022lowest in 8 years
2024: €556k▲ +4.7% vs 2023
2025: €570k▲ +2.5% vs 2024
2018 → 2025
Net result
€71k▲ 33.2%
2024 · €53k
2018: €8klowest in 8 years
2019: €33k▲ +332% vs 2018
2020: €40k▲ +21.0% vs 2019
2021: €64k▲ +60.5% vs 2020
2022: €119k▲ +85.1% vs 2021highest in 8 years
2023: €81k▼ -32.0% vs 2022
2024: €53k▼ -34.3% vs 2023
2025: €71k▲ +33.2% vs 2024
2018 → 2025
Working capital
€24k▼ 48.0%
2024 · €46k
2018: €-24k
2019: €-28k▼ -17.3% vs 2018lowest in 8 years
2020: €32k▲ +214% vs 2019
2021: €32k▲ +2.1% vs 2020
2022: €233k▲ +622% vs 2021highest in 8 years
2023: €149k▼ -35.8% vs 2022
2024: €46k▼ -69.3% vs 2023
2025: €24k▼ -48.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€344k-€463k▲ 34.6%€244k▼ 47.3%€297k▲ 21.9%€218k▼ 26.6%
2021: €344k
2022: €463k▲ +34.6% vs 2021highest in 5 years
2023: €244k▼ -47.3% vs 2022
2024: €297k▲ +21.9% vs 2023
2025: €218k▼ -26.6% vs 2024lowest in 5 years
Operating result€93k-€166k▲ 79.1%€67k▼ 59.3%€76k▲ 12.3%€48k▼ 36.3%
2021: €93k
2022: €166k▲ +79.1% vs 2021highest in 5 years
2023: €67k▼ -59.3% vs 2022
2024: €76k▲ +12.3% vs 2023
2025: €48k▼ -36.3% vs 2024lowest in 5 years
Net result€64k-€119k▲ 85.1%€81k▼ 32.0%€53k▼ 34.3%€71k▲ 33.2%
2021: €64k
2022: €119k▲ +85.1% vs 2021highest in 5 years
2023: €81k▼ -32.0% vs 2022
2024: €53k▼ -34.3% vs 2023lowest in 5 years
2025: €71k▲ +33.2% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €570k
Fixed assets
€296k ▼ 19.2%
Current assets
€274k ▲ 44.2%
Equity and liabilities €570k
Equity
€218k ▼ 26.6%
Debt
€352k ▲ 35.8%
Debt's share of the balance-sheet total rises from 46.6% to 61.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€83k▼
2024 · €100k
Cash flow
€106k▲
2024 · €78k
Current ratio
1.10▼
2024 · 1.32
Debt to equity
1.62▲
2024 · 0.87
ROE
32.6%▲
2024 · 18.0%
ROA
12.5%▲
2024 · 9.6%
Interest coverage
18.34▲
2024 · 13.45
Debt ≤ 1 year
€251k▲
2024 · €144k
Debt > 1 year
€102k▼
2024 · €115k
Income taxes
€23k▲
2024 · €15k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€556k€570k▲
Fixed assets21/28€366k€296k▼
Tangible fixed assets22/27€366k€296k▼
Land and buildings22€230k€174k▼
Plant, machinery and equipment23€137k€122k▼
Current assets29/58€190k€274k▲
Amounts receivable within one year40/41€159k€228k▲
Trade receivables40€33k€93k▲
Other amounts receivable41€126k€135k▲
Cash at bank and in hand54/58€30k€46k▲
Deferred charges and accrued income490/1€1k€544▼
Equity and liabilities
Total equity and liabilities10/49€556k€570k▲
Equity10/15€297k€218k▼
Contributions10/11€100k€100k=
Reserves13€197k€118k▼
Distributable reserves133€197k€118k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€259k€352k▲
Amounts payable after more than one year17€115k€102k▼
Financial debts170/4€115k€102k▼
Amounts payable within one year42/48€144k€251k▲
Current portion of amounts payable after more than one year42€66k€13k▼
Trade debts44€34k€71k▲
Suppliers440/4€34k€71k▲
Taxes, remuneration and social security45€9k€16k▲
Taxes450/3€9k€16k▲
Other amounts payable47/48€36k€151k▲
Accrued charges and deferred income492/3€35€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€35k▲
Other operating charges640/8€22k€27k▲
Gross operating margin9900€121k€110k▼
Operating profit (loss)9901€76k€48k▼
Financial income75/76B€2€50k▲
Recurring financial income75€2€48▲
Non-recurring financial income76B€0€50k▲
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€68k€94k▲
Income taxes67/77€15k€23k▲
Profit (loss) for the period9904€53k€71k▲
Profit (loss) for the period to be appropriated9905€53k€71k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€71k▲
Transfer from equity791/2€0€150k▲
Transfer to equity691/2€53k€71k▲
To other reserves6921€53k€71k▲
Profit to be distributed694/7€0€150k▲
Return on contributions (dividend)694€0€150k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €180k | €144k | €62k | €24k | €35k | ▲ 42.8% |
| Other operating charges640/8 | €20k | €20k | €22k | €22k | €27k | ▲ 25.1% |
| Gross operating margin9900 | €293k | €330k | €151k | €121k | €110k | ▼ 9.6% |
| Operating profit (loss)9901 | €93k | €166k | €67k | €76k | €48k | ▼ 36.3% |
| Financial income75/76B | €3k | €569 | €50k | €2 | €50k | ▲ 2,372,954% |
| Recurring financial income75 | €3k | €569 | €0 | €2 | €48 | ▲ 2,167% |
| Non-recurring financial income76B | - | - | €50k | €0 | €50k | - |
| Financial charges65/66B | €9k | €6k | €9k | €7k | €5k | ▼ 39.3% |
| Recurring financial charges65 | €9k | €6k | €9k | €7k | €5k | ▼ 39.3% |
| Profit (loss) for the period before taxes9903 | €86k | €160k | €108k | €68k | €94k | ▲ 37.4% |
| Income taxes67/77 | €22k | €41k | €27k | €15k | €23k | ▲ 52.4% |
| Profit (loss) for the period9904 | €64k | €119k | €81k | €53k | €71k | ▲ 33.2% |
| Profit (loss) for the period to be appropriated9905 | €64k | €119k | €81k | €53k | €71k | ▲ 33.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.03M | €937k | €531k | €556k | €570k | ▲ 2.5% |
| Fixed assets21/28 | €685k | €540k | €276k | €366k | €296k | ▼ 19.2% |
| Tangible fixed assets22/27 | €685k | €540k | €276k | €366k | €296k | ▼ 19.2% |
| Land and buildings22 | €530k | €443k | €235k | €230k | €174k | ▼ 24.1% |
| Plant, machinery and equipment23 | €154k | €98k | €41k | €137k | €122k | ▼ 10.9% |
| Current assets29/58 | €345k | €396k | €256k | €190k | €274k | ▲ 44.2% |
| Amounts receivable within one year40/41 | €104k | €99k | €81k | €159k | €228k | ▲ 43.2% |
| Trade receivables40 | €88k | €99k | €16k | €33k | €93k | ▲ 180% |
| Other amounts receivable41 | €16k | €6 | €65k | €126k | €135k | ▲ 7.0% |
| Cash at bank and in hand54/58 | €240k | €289k | €171k | €30k | €46k | ▲ 54.1% |
| Deferred charges and accrued income490/1 | €2k | €9k | €4k | €1k | €544 | ▼ 58.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.03M | €937k | €531k | €556k | €570k | ▲ 2.5% |
| Equity10/15 | €344k | €463k | €244k | €297k | €218k | ▼ 26.6% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Reserves13 | €243k | €363k | €144k | €197k | €118k | ▼ 40.1% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €243k | €363k | €144k | €197k | €118k | ▼ 40.1% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Investment grants15 | €567 | €0 | - | - | - | - |
| Amounts payable17/49 | €686k | €474k | €288k | €259k | €352k | ▲ 35.8% |
| Amounts payable after more than one year17 | €313k | €247k | €181k | €115k | €102k | ▼ 11.5% |
| Financial debts170/4 | €313k | €247k | €181k | €115k | €102k | ▼ 11.5% |
| Amounts payable within one year42/48 | €313k | €164k | €107k | €144k | €251k | ▲ 73.4% |
| Current portion of amounts payable after more than one year42 | €65k | €66k | €66k | €66k | €13k | ▼ 80.0% |
| Trade debts44 | €20k | €63k | €33k | €34k | €71k | ▲ 110% |
| Suppliers440/4 | €20k | €63k | €33k | €34k | €71k | ▲ 110% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €28k | €36k | €6k | €9k | €16k | ▲ 80.9% |
| Taxes450/3 | €28k | €36k | €6k | €9k | €16k | ▲ 80.9% |
| Other amounts payable47/48 | €200k | €0 | €1k | €36k | €151k | ▲ 321% |
| Accrued charges and deferred income492/3 | €60k | €63k | €0 | €35 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64k | €119k | €81k | €53k | €71k | ▲ 33.2% |
| + Depreciation and write-downs630 | €180k | €144k | €62k | €24k | €35k | ▲ 42.8% |
| Operating cash flow (approximation) | €244k | €264k | €143k | €78k | €106k | ▲ 36.2% |
| Investment in fixed assets (approximation) | - | €0 | €203k | €-115k | €36k | ▲ 131% |
| Change in cash | - | €49k | €-118k | €-141k | €16k | ▲ 111% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
31-12
Financial
Highest result since 2018net €119k ▲85.1%
Operating result €166k, net result €119k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.42
Current ratio from 1.10 to 2.42; short-term debt falls from €313k to €164k.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 50 days late
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, De Panne · 1 establishment unit since 2010
Ground area
1.8 ha
Building footprint
174 m²
Volume, LiDAR
1,069 m³
Parcel 38001B0037/00K000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
Geni-Projects
since 20102.185.164.332
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38001B0037/00K000 | Flanders | 1.8 ha | 1 · 174 m² | 8.5 m · 2 fl. |
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 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,859 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
Founded28-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.