NEW GEN CORP

Active

Private limited companyfounded 20232 yrs activeGenèvestraat 470, 1030 Schaarbeek, BelgiumKBO/BCE: BE 1003.244.076

The computed 12-month bankruptcy probability of NEW GEN CORP is 4.2% (elevated). The 2025 annual accounts show equity of €58k and a net result of €46k. Its solvency ranks better than 44% of 18281 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

53 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability78▼-15

Solvency52▲+7

Growth78

Track record82

Bankruptcy probability, 12 months

4.2% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days only on tighter terms

Liquidity tight (current ratio 1.28 against 1.0 in 2024; short-term debt: 72.9% and cash: 32.4% of total assets), and 72.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

27.1%

Return on assets

21.6%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 2 filings

Deviation from the deadline

2025

41 d late

2024

29 d late

← before the deadline after the deadline →

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 months

Position in the running window

23-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€1.12M

EBIT margin

5.2%

Net result

€46k▲ 295%

2024 · €12k

2024: €12k

2024 → 2025

Working capital

€43k

2024 · €-29

2024: €-29

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Turnover€1.12M

Equity€12k-€58k▲ 395%

Operating result€15k-€58k▲ 285%

Net result€12k-€46k▲ 295%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 285% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €213k

93.0%

Fixed assets €15k▲ 27.6%

Current assets €198k▲ 318%

Equity and liabilities €213k

27.1%

72.9%

Equity €58k▲ 395%

Debt €156k▲ 228%

The debt ratio falls from 80.2% to 72.9%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€60k▲

2024 · €17k

Cash flow

€48k▲

2024 · €13k

Solvency

27.1%▲

2024 · 19.8%

Current ratio

1.28▲

2024 · 1.00

Quick ratio

1.22▲

2024 · 0.87

Debt / equity

2.69▼

2024 · 4.06

ROE

79.8%▼

2024 · 100.0%

ROA

21.6%▲

2024 · 19.8%

Interest coverage

261.45▲

2024 · 37.50

Debt

€156k▲

2024 · €47k

Debt ≤ 1 year

€156k▲

2024 · €47k

Income taxes

€12k▲

2024 · €3k

Staff costs

€97k▲

2024 · €74k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€59k€213k▲

Fixed assets21/28€12k€15k▲

Tangible fixed assets22/27€3k€7k▲

Plant, machinery and equipment23€2k€2k▼

Other tangible fixed assets26€808€5k▲

Financial fixed assets28€8k€8k=

Current assets29/58€47k€198k▲

Stocks and contracts in progress3€6k€9k▲

Stocks30/36€6k€9k▲

Amounts receivable within one year40/41€12k€120k▲

Trade receivables40-€91k

Other amounts receivable41€12k€29k▲

Cash at bank and in hand54/58€29k€69k▲

Equity and liabilities

Total equity and liabilities10/49€59k€213k▲

Equity10/15€12k€58k▲

Profit (loss) carried forward14€12k€58k▲

Amounts payable17/49€47k€156k▲

Amounts payable within one year42/48€47k€156k▲

Trade debts44€28k€100k▲

Suppliers440/4€28k€100k▲

Taxes, remuneration and social security45€20k€55k▲

Taxes450/3€3k€18k▲

Remuneration and social security454/9€17k€37k▲

Income statement Code20242025

Turnover70-€1.12M

Goods, raw materials, services and sundry goods60/61-€972k

Remuneration, social security and pensions62€74k€97k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼

Other operating charges640/8€772€3k▲

Gross operating margin9900€92k€160k▲

Operating profit (loss)9901€15k€58k▲

Financial income75/76B-€854

Recurring financial income75-€854

Financial charges65/66B€450€228▼

Recurring financial charges65€450€228▼

Profit (loss) for the period before taxes9903€15k€59k▲

Income taxes67/77€3k€12k▲

Profit (loss) for the period9904€12k€46k▲

Profit (loss) for the period to be appropriated9905€12k€46k▲

Appropriation of the result

Profit (loss) to be appropriated9906€12k€58k▲

Profit (loss) brought forward from the previous period14P-€12k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-09

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 41 days late

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

NBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-09-2025 AHMADZAI Farhad: Resigned as Director

01-08-2025 LAL Niraj: Resigned as Director

Location & real-estate footprint

Registered office, Schaarbeek · 2 establishment units since 2024

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Genèvestraat 4701030 Schaarbeek

Ground area

1,943 m²

Building footprint

1,253 m²