GENICO
ActiveSummary
GENICO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,171 and a net result of -€9,673. Equity is shrinking by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-1
Solvency28=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.23 in 2024; short-term debt: 96.6% and cash: 0.8% of total assets), and 96.9% 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 4577 sector peers (2025).
NBB · sector comparisonPosition among 4577 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 10 filingsDeviation from the deadline
2025
21 d late
2024
19 d late
2023
26 d late
2022
30 d late
2021
1 d late
2020
17 d late
2019
91 d late
← 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 29 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#6 oldest company in Gistel, Real estate sector#10 company by total assets in Gistel, Real estate sector
Turnover
€73,294
EBIT margin
-52.5%
Net result
-€9,673
2024 · €7,472
Working capital
-€1.6m▲ 1.7%
2024 · -€1.6m
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
Turnover€73,294
Operating result-€38,513▼ 28.7%-€43,196▼ 12.2%-€32,596▲ 24.5%-€1,066▲ 96.7%-€20,535▼ 1,826%
Net result-€26,541below the sector's middle half▼ 7.6%-€34,004below the sector's middle half▼ 28.1%-€24,709below the sector's middle half▲ 27.3%€7,472within the sector's middle half-€9,673within the sector's middle half
EBIT margin-52.5%
Equity€127,084within the sector's middle half▼ 19.9%€93,081within the sector's middle half▼ 26.8%€68,372below the sector's middle half▼ 26.5%€75,844within the sector's middle half▲ 10.9%€66,171below the sector's middle half▼ 12.8%
Total assets€2.1mabove the sector's middle half▲ 0.6%€2.1mwithin the sector's middle half▲ 0.1%€2.0mwithin the sector's middle half▼ 8.8%€2.2mwithin the sector's middle half▲ 12.9%€2.2mwithin the sector's middle half▼ 2.1%
Debt€2.0m▲ 2.6%€2.0m▲ 2.1%€1.9m▼ 7.8%€2.1m▲ 13.4%€2.1m▼ 1.5%
Working capital-€1.6m▼ 2.4%-€1.6m▼ 0.7%-€1.6m▼ 0.1%-€1.6m▼ 2.1%-€1.6m▲ 1.7%
Solvency5.9%below the sector's middle half▼ 1.5pp4.3%below the sector's middle half▼ 1.6pp3.5%below the sector's middle half▼ 0.8pp3.4%below the sector's middle half▼ 0.1pp3.1%below the sector's middle half▼ 0.4pp
Staff (FTE)0below the sector's middle half0within the sector's middle half0within the sector's middle half0within the sector's middle half
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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20,535 in 2025 against €1,066 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.7m ▼ 2.5%
Current assets
€486,445 ▼ 0.8%
Equity and liabilities €2.2m
Equity
€66,171 ▼ 12.8%
Provisions
€8,045 ▼ 40.0%
Debt
€2.1m ▼ 1.5%
Debt's share of the balance-sheet total rises from 96.0% to 96.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€41,274▼
2024 · €47,181
Cash flow
€52,136▼
2024 · €55,719
Current ratio
0.23▲
2024 · 0.23
Debt to equity
31.49▲
2024 · 27.88
ROE
-14.6%▼
2024 · 9.9%
ROA
-0.4%▼
2024 · 0.3%
Interest coverage
57.61▼
2024 · 80.53
Debt ≤ 1 year
€2.1m▼
2024 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,102 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.5%
went bankrupt
3.5%
stopped otherwise
94%
still going
A further 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,102 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €73,294 | - | - | - | - | - |
| Non-recurring operating income76A | €2,389 | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €58,258 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,421 | €42,213 | €43,292 | €48,247 | €61,810 | ▲ 28.1% |
| Other operating charges640/8 | €15,525 | €15,353 | €17,888 | €22,760 | €20,839 | ▼ 8.4% |
| Non-recurring operating charges66A | - | - | €348 | €0 | - | - |
| Gross operating margin9900 | €17,434 | €14,370 | €28,931 | €69,940 | €62,114 | ▼ 11.2% |
| Operating profit (loss)9901 | -€38,513 | -€43,196 | -€32,596 | -€1,066 | -€20,535 | ▼ 1,826% |
| Financial income75/76B | €5,144 | €5,343 | €3,221 | €3,762 | €6,217 | ▲ 65.2% |
| Recurring financial income75 | €5,144 | €5,343 | €3,221 | €3,762 | €6,217 | ▲ 65.2% |
| Financial charges65/66B | €3,586 | €1,512 | €695 | €586 | €717 | ▲ 22.3% |
| Recurring financial charges65 | €3,586 | €1,512 | €695 | €586 | €717 | ▲ 22.3% |
| Profit (loss) for the period before taxes9903 | -€36,954 | -€39,365 | -€30,070 | €2,110 | -€15,035 | ▼ 812% |
| Transfer from deferred taxes780 | €10,412 | €5,362 | €5,362 | €5,362 | €5,362 | = |
| Profit (loss) for the period9904 | -€26,541 | -€34,004 | -€24,709 | €7,472 | -€9,673 | ▼ 229% |
| Transfer from tax-exempt reserves789 | €5,362 | €10,412 | €10,412 | €10,412 | €10,412 | = |
| Profit (loss) for the period to be appropriated9905 | -€21,180 | -€23,591 | -€14,296 | €17,884 | €739 | ▼ 95.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.1m | €2.0m | €2.2m | €2.2m | ▼ 2.1% |
| Fixed assets21/28 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | ▼ 2.5% |
| Tangible fixed assets22/27 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | ▼ 2.5% |
| Land and buildings22 | €1.7m | €1.7m | €1.6m | €1.6m | €1.6m | ▼ 1.7% |
| Plant, machinery and equipment23 | €11,561 | €17,405 | €14,265 | €51,695 | €44,224 | ▼ 14.5% |
| Furniture and vehicles24 | €2,349 | €1,826 | €1,303 | €780 | €257 | ▼ 67.1% |
| Other tangible fixed assets26 | €37,846 | €31,266 | €24,686 | €18,106 | €11,526 | ▼ 36.3% |
| Financial fixed assets28 | €547 | €547 | €547 | €547 | €547 | = |
| Current assets29/58 | €406,030 | €436,243 | €275,135 | €490,607 | €486,445 | ▼ 0.8% |
| Amounts receivable within one year40/41 | €366,513 | €387,573 | €208,976 | €420,115 | €419,132 | ▼ 0.2% |
| Trade receivables40 | €3,265 | €6,530 | €6,110 | €8,773 | €9,235 | ▲ 5.3% |
| Other amounts receivable41 | €363,248 | €381,043 | €202,866 | €411,342 | €409,897 | ▼ 0.4% |
| Cash at bank and in hand54/58 | €6,561 | €7,924 | €8,029 | €33,166 | €16,190 | ▼ 51.2% |
| Deferred charges and accrued income490/1 | €32,956 | €40,745 | €58,130 | €37,326 | €51,123 | ▲ 37.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €2.0m | €2.2m | €2.2m | ▼ 2.1% |
| Equity10/15 | €127,084 | €93,081 | €68,372 | €75,844 | €66,171 | ▼ 12.8% |
| Contributions10/11 | €180,259 | €180,259 | €180,259 | €180,259 | €180,259 | = |
| Capital10 | €180,259 | €180,259 | €180,259 | €180,259 | €180,259 | = |
| Issued capital100 | €180,259 | €180,259 | €180,259 | €180,259 | €180,259 | = |
| Reserves13 | €100,869 | €76,047 | €65,634 | €55,222 | €44,810 | ▼ 18.9% |
| Non-distributable reserves130/1 | €23,744 | €23,744 | €23,744 | €23,744 | €23,744 | = |
| Legal reserve130 | €23,744 | €23,744 | €23,744 | €23,744 | €23,744 | = |
| Tax-exempt reserves132 | €62,716 | €52,303 | €41,891 | €31,479 | €21,066 | ▼ 33.1% |
| Distributable reserves133 | €14,410 | €0 | - | - | - | - |
| Profit (loss) carried forward14 | -€154,043 | -€163,225 | -€177,521 | -€159,637 | -€158,898 | ▲ 0.5% |
| Provisions and deferred taxes16 | €29,491 | €24,130 | €18,768 | €13,407 | €8,045 | ▼ 40.0% |
| Deferred taxes168 | €29,491 | €24,130 | €18,768 | €13,407 | €8,045 | ▼ 40.0% |
| Amounts payable17/49 | €2.0m | €2.0m | €1.9m | €2.1m | €2.1m | ▼ 1.5% |
| Amounts payable within one year42/48 | €2.0m | €2.0m | €1.9m | €2.1m | €2.1m | ▼ 1.5% |
| Current portion of amounts payable after more than one year42 | €31,656 | €0 | - | - | - | - |
| Trade debts44 | €13,282 | €33,842 | €5,124 | €17,262 | €13,912 | ▼ 19.4% |
| Suppliers440/4 | €13,282 | €33,842 | €5,124 | €17,262 | €13,912 | ▼ 19.4% |
| Taxes, remuneration and social security45 | €1,665 | €1,728 | €1,401 | €3,896 | €1,791 | ▼ 54.0% |
| Taxes450/3 | €1,665 | €1,728 | €1,401 | €3,896 | €1,791 | ▼ 54.0% |
| Other amounts payable47/48 | €1.9m | €2.0m | €1.9m | €2.1m | €2.1m | ▼ 1.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,541 | -€34,004 | -€24,709 | €7,472 | -€9,673 | ▼ 229% |
| + Depreciation and write-downs630 | €40,421 | €42,213 | €43,292 | €48,247 | €61,810 | ▲ 28.1% |
| Operating cash flow (approximation) | €13,880 | €8,210 | €18,583 | €55,719 | €52,136 | ▼ 6.4% |
| Investment in fixed assets (approximation) | - | -€13,960 | -€15,449 | -€84,257 | -€19,694 | ▲ 76.6% |
| Change in cash | - | €1,363 | €105 | €25,137 | -€16,976 | ▼ 168% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 21 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
31-12
Financial
Back to profitnet €7,472
Net result €7,472 after 6 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€34,004
Net result drops to -€34,004, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
26-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 26 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Gistel · 1 establishment unit since 1989
Ground area
5,859 m²
Building footprint
591 m²
Volume, LiDAR
3,047 m³
Parcel 35005B0751/00F000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zevekoteheirweg 93, 8470 Gistel
since 19892.043.262.933
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005B0751/00F000 | Flanders | 5,859 m² | 1 · 591 m² | 9.7 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.
Structure & network
Owners and holdings
1 ownerOwners 1
- GENIparentSourceown accounts 2025100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of GENICO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
984500EDAA0902D0G784
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 3,711 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
Founded14-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437047752
Also
9925:BE0437047752
Registered
18-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.