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NEXT GENERATION

Active
Private limited companyfounded 201412 yrs activeVan den Reecklaan 3, 2820 Bonheiden, BelgiumKBO/BCE: BE 0547.670.017

NEXT GENERATION has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34k and a net result of €-10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 15870 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
35 / 100
Weak▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency26▲+2
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.08 against 1.08 in 2023), and 81.1% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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 2024
Solvency, return and age of the figures
Solvency
18.9%
Return on assets
-5.8%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 12 years 0 20 y
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€10k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 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 · 9 filings
Deviation from the deadline
2025
not confirmed
2024
58 d late
2023
92 d late
2022
22 d late
2021
73 d late
2020
4 d early
2019
129 d late
← before the deadline after the deadline →
neutral · 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 2024, micro schema

Equity
€34k▼ 23.5%
2023 · €45k
2018: €29k 2019: €23k 2020: €20k 2021: €61k 2022: €77k 2023: €45k
2018 → 2024
Total assets
€181k▼ 30.1%
2023 · €259k
2018: €172k 2019: €87k 2020: €74k 2021: €159k 2022: €169k 2023: €259k
2018 → 2024
Net result
€-10k▲ 67.5%
2023 · €-32k
2018: €-16k 2019: €-6k 2020: €-3k 2021: €41k 2022: €16k 2023: €-32k
2018 → 2024
Working capital
€12k▼ 25.2%
2023 · €16k
2018: €15k 2019: €16k 2020: €17k 2021: €44k 2022: €59k 2023: €16k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€20k-€61k▲ 212%€77k▲ 26.3%€45k▼ 42.0%€34k▼ 23.5%
Operating result€20k-€64k▲ 217%€30k▼ 53.3%€-26k€2k
Net result€-3k-€41k€16k▼ 61.2%€-32k€-10k▲ 67.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-50k€-25k€0€25k€50k€75kOperating result 2020: €20k€20kNet result 2020: €-3k€-3kOperating result 2021: €64k€64kNet result 2021: €41k€41kOperating result 2022: €30k€30kNet result 2022: €16k€16kOperating result 2023: €-26k€-26kNet result 2023: €-32k€-32kOperating result 2024: €2k€2kNet result 2024: €-10k€-10k20202021202220232024
The operating result returns to profit in 2024: €2k after a loss of €26k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €181k
Fixed assets €22k▼ 22.5%
Current assets €159k▼ 31.0%
Equity and liabilities €181k
Equity €34k▼ 23.5%
Debt €147k▼ 31.5%
The debt ratio falls from 82.8% to 81.1%: debt falls faster than equity shrinks.
Key figures and ratios
2024 value · change against 2023
EBITDA
€16k
2023 · €-21k
Cash flow
€3k
2023 · €-27k
Solvency
18.9%
2023 · 17.2%
Current ratio
1.08
2023 · 1.08
Quick ratio
1.03
2023 · 1.04
Debt / equity
4.30
2023 · 4.80
ROE
-30.7%
2023 · -72.3%
ROA
-5.8%
2023 · -12.5%
Interest coverage
1.21
2023 · -3.40
Debt
€147k
2023 · €214k
Debt ≤ 1 year
€147k
2023 · €214k
Staff costs
€156k
2023 · €151k
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 · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€259k€181k
Fixed assets21/28€28k€22k
Tangible fixed assets22/27€28k€22k
Land and buildings22€2k€2k
Plant, machinery and equipment23€26k€20k
Furniture and vehicles24€429€379
Current assets29/58€231k€159k
Stocks and contracts in progress3€7k€7k=
Stocks30/36€7k€7k=
Amounts receivable within one year40/41€209k€151k
Trade receivables40€181k€111k
Other amounts receivable41€28k€40k
Cash at bank and in hand54/58€14k€468
Deferred charges and accrued income490/1-€302
Equity and liabilities
Total equity and liabilities10/49€259k€181k
Equity10/15€45k€34k
Contributions10/11€19k€19k=
Reserves13€58k€58k=
Non-distributable reserves130/1€19€19=
Reserves not available under the articles1311€19€19=
Distributable reserves133€58k€58k=
Profit (loss) carried forward14€-32k€-42k
Amounts payable17/49€214k€147k
Amounts payable within one year42/48€214k€147k
Trade debts44€100k€60k
Suppliers440/4€100k€60k
Taxes, remuneration and social security45€95k€58k
Taxes450/3€66k€52k
Remuneration and social security454/9€29k€7k
Other amounts payable47/48€19k€28k
Income statement Code20232024
Remuneration, social security and pensions62€151k€156k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€13k
Other operating charges640/8€13k€6k
Gross operating margin9900€143k€177k
Operating profit (loss)9901€-26k€2k
Financial income75/76B€1€169
Recurring financial income75€1€169
Financial charges65/66B€6k€13k
Recurring financial charges65€6k€13k
Profit (loss) for the period before taxes9903€-32k€-10k
Income taxes67/77€56-
Profit (loss) for the period9904€-32k€-10k
Profit (loss) for the period to be appropriated9905€-32k€-10k
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-42k
Profit (loss) brought forward from the previous period14P€567€-32k

The notes to these accounts (5 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

2025
27-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial Weakest financial yearnet €-32k ▼301%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
22-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
12-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
31-12
Financial Back to profitnet €41k
Net result €41k after 3 loss-making years.
27-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
07-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 129 days late
2019
14-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
11-04
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 254 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.

Directors · office · real estate

Directors
8 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, Bonheiden · 1 establishment unit since 2014
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.

Van den Reecklaan 32820 Bonheiden
Ground area
1,731 m²
Building footprint
212 m²
Volume, LiDAR
1,371 m³
Parcel 12005D0171/00F002, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NEXT GENERATION
Van den Reecklaan 3, 2820 BonheidenSpecialised construction activities
since 20142.227.456.926
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12005D0171/00F002 Flanders 1,731 m² 1 · 212 m² 10.1 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 1,733 companies in sector 46150 we hold annual accounts for 750. 544 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded26-02-2014
Fiscal year end31-12
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
53200Other postal and courier activities
47210Retail sale of fruit and vegetables
47762Retail sale of pets, pet food and pet supplies
47810Retail trade
49410Freight transport by road
68110Buying and selling of own real estate
82300Organisation of conventions and trade shows
93110Operation of sports facilities
93192Activities of independent sportspeople
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.