NEXT GENERATION
ActiveSummary
NEXT GENERATION has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-4k) and a net result of €8k. Equity is growing by ~32.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+21
Solvency25▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.07 in 2024; short-term debt: 63.4% and cash: 6.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 27-05-2026, 65 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
65 d early
2024
76 d early
2023
58 d early
2022
54 d early
2021
33 d early
2020
16 d early
2019
21 d early
← 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
€-4k▲ 67.4%
2024 · €-12k
2019: €20khighest in 7 years
2020: €-38k▼ -287% vs 2019
2021: €-44k▼ -14.7% vs 2020lowest in 7 years
2022: €-26k▲ +40.2% vs 2021
2023: €7k▲ +127% vs 2022
2024: €-12k▼ -264% vs 2023
2025: €-4k▲ +67.4% vs 2024
2019 → 2025
Total assets
€1.19M▼ 0.7%
2024 · €1.20M
2019: €1.41M
2020: €2.91M▲ +106% vs 2019
2021: €3.26M▲ +12.1% vs 2020highest in 7 years
2022: €3.02M▼ -7.2% vs 2021
2023: €1.20M▼ -60.1% vs 2022
2024: €1.20M▼ -0.7% vs 2023
2025: €1.19M▼ -0.7% vs 2024lowest in 7 years
2019 → 2025
Net result
€8k
2024 · €-19k
2019: €2k
2020: €-59k▼ -3275% vs 2019lowest in 7 years
2021: €-6k▲ +90.4% vs 2020
2022: €18k▲ +414% vs 2021
2023: €33k▲ +89.4% vs 2022highest in 7 years
2024: €-19k▼ -156% vs 2023
2025: €8k▲ +142% vs 2024
2019 → 2025
Working capital
€-648k▲ 6.5%
2024 · €-693k
2019: €-280k
2020: €3k▲ +101% vs 2019highest in 7 years
2021: €-423k▼ -16619% vs 2020
2022: €-411k▲ +2.8% vs 2021
2023: €-389k▲ +5.5% vs 2022
2024: €-693k▼ -78.4% vs 2023lowest in 7 years
2025: €-648k▲ +6.5% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-44k-€-26k▲ 40.2%€7k€-12k€-4k▲ 67.4%
2021: €-44klowest in 5 years
2022: €-26k▲ +40.2% vs 2021
2023: €7k▲ +127% vs 2022highest in 5 years
2024: €-12k▼ -264% vs 2023
2025: €-4k▲ +67.4% vs 2024
Operating result€49k-€75k▲ 51.8%€108k▲ 44.2%€-1k€29k
2021: €49k
2022: €75k▲ +51.8% vs 2021
2023: €108k▲ +44.2% vs 2022highest in 5 years
2024: €-1k▼ -101% vs 2023lowest in 5 years
2025: €29k▲ +2546% vs 2024
Net result€-6k-€18k€33k▲ 89.4%€-19k€8k
2021: €-6k
2022: €18k▲ +414% vs 2021
2023: €33k▲ +89.4% vs 2022highest in 5 years
2024: €-19k▼ -156% vs 2023lowest in 5 years
2025: €8k▲ +142% 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 returns to profit in 2025: €29k after a loss of €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€1.08M ▼ 5.7%
Current assets
€105k ▲ 117%
Key figures and ratios
EBITDA
€94k▲
2024 · €38k
Cash flow
€73k▲
2024 · €21k
Solvency
-0.3%▲
2024 · -1.0%
Current ratio
0.14▲
2024 · 0.07
ROA
0.7%▲
2024 · -1.6%
Interest coverage
4.35▲
2024 · 2.14
Debt
€1.19M▼
2024 · €1.21M
Debt ≤ 1 year
€753k▲
2024 · €742k
Debt > 1 year
€438k▼
2024 · €466k
A ratio outside any meaningful range has been withheld (balance sheet total €1.19M, equity €-4k).
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.20M€1.19M▼
Fixed assets21/28€1.15M€1.08M▼
Tangible fixed assets22/27€1.15M€1.08M▼
Land and buildings22€1.09M€1.03M▼
Plant, machinery and equipment23€40k€34k▼
Furniture and vehicles24€18k€14k▼
Current assets29/58€49k€105k▲
Amounts receivable within one year40/41€18k€32k▲
Other amounts receivable41€18k€32k▲
Cash at bank and in hand54/58€30k€73k▲
Deferred charges and accrued income490/1€776€1k▲
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.19M▼
Equity10/15€-12k€-4k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-32k€-24k▲
Amounts payable17/49€1.21M€1.19M▼
Amounts payable after more than one year17€466k€438k▼
Financial debts170/4€466k€438k▼
Amounts payable within one year42/48€742k€753k▲
Current portion of amounts payable after more than one year42€27k€28k▲
Trade debts44€6k€277▼
Suppliers440/4€6k€277▼
Other amounts payable47/48€708k€725k▲
Income statement
Code20242025
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€65k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€42k€97k▲
Operating profit (loss)9901€-1k€29k▲
Financial income75/76B€172€414▲
Recurring financial income75€172€414▲
Financial charges65/66B€18k€22k▲
Recurring financial charges65€18k€22k▲
Profit (loss) for the period before taxes9903€-19k€8k▲
Profit (loss) for the period9904€-19k€8k▲
Profit (loss) for the period to be appropriated9905€-19k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-24k▲
Profit (loss) brought forward from the previous period14P€-13k€-32k▼
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €29k | €30k | €39k | €65k | ▲ 65.8% |
| Other operating charges640/8 | €1k | €10k | €8k | €3k | €3k | ▼ 10.7% |
| Non-recurring operating charges66A | - | €331 | - | - | - | - |
| Gross operating margin9900 | €78k | €114k | €146k | €42k | €97k | ▲ 135% |
| Operating profit (loss)9901 | €49k | €75k | €108k | €-1k | €29k | ▲ 2,546% |
| Financial income75/76B | €2 | - | €46 | €172 | €414 | ▲ 141% |
| Recurring financial income75 | €2 | - | €46 | €172 | €414 | ▲ 141% |
| Financial charges65/66B | €55k | €57k | €74k | €18k | €22k | ▲ 22.0% |
| Recurring financial charges65 | €55k | €57k | €74k | €18k | €22k | ▲ 22.0% |
| Profit (loss) for the period before taxes9903 | €-6k | €18k | €33k | €-19k | €8k | ▲ 142% |
| Income taxes67/77 | €-63 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-6k | €18k | €33k | €-19k | €8k | ▲ 142% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €18k | €33k | €-19k | €8k | ▲ 142% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.26M | €3.02M | €1.20M | €1.20M | €1.19M | ▼ 0.7% |
| Fixed assets21/28 | €937k | €908k | €890k | €1.15M | €1.08M | ▼ 5.7% |
| Tangible fixed assets22/27 | €937k | €908k | €890k | €1.15M | €1.08M | ▼ 5.7% |
| Land and buildings22 | €893k | €868k | €844k | €1.09M | €1.03M | ▼ 5.1% |
| Plant, machinery and equipment23 | €44k | €39k | €46k | €40k | €34k | ▼ 15.2% |
| Furniture and vehicles24 | - | - | - | €18k | €14k | ▼ 20.3% |
| Current assets29/58 | €2.32M | €2.12M | €315k | €49k | €105k | ▲ 117% |
| Stocks and contracts in progress3 | €2.21M | €1.78M | €240k | - | - | - |
| Stocks30/36 | €2.21M | €1.78M | €240k | - | - | - |
| Amounts receivable within one year40/41 | €61k | €90k | €31k | €18k | €32k | ▲ 72.5% |
| Trade receivables40 | €61k | - | €2k | - | - | - |
| Other amounts receivable41 | - | €90k | €29k | €18k | €32k | ▲ 72.5% |
| Cash at bank and in hand54/58 | €44k | €241k | €44k | €30k | €73k | ▲ 146% |
| Deferred charges and accrued income490/1 | - | €1k | - | €776 | €1k | ▲ 31.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.26M | €3.02M | €1.20M | €1.20M | €1.19M | ▼ 0.7% |
| Equity10/15 | €-44k | €-26k | €7k | €-12k | €-4k | ▲ 67.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €92 | €92 | - | - | - | - |
| Reserves not available under the articles1311 | €92 | €92 | - | - | - | - |
| Distributable reserves133 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-64k | €-47k | €-13k | €-32k | €-24k | ▲ 24.5% |
| Amounts payable17/49 | €3.30M | €3.05M | €1.20M | €1.21M | €1.19M | ▼ 1.4% |
| Amounts payable after more than one year17 | €549k | €520k | €493k | €466k | €438k | ▼ 6.0% |
| Financial debts170/4 | €546k | €520k | €493k | €466k | €438k | ▼ 6.0% |
| Other amounts payable178/9 | €3k | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.74M | €2.53M | €704k | €742k | €753k | ▲ 1.5% |
| Current portion of amounts payable after more than one year42 | €26k | €57k | €27k | €27k | €28k | ▲ 1.7% |
| Financial debts43 | €1.04M | €589k | - | - | - | - |
| Credit institutions430/8 | €1.04M | €589k | - | - | - | - |
| Trade debts44 | €126k | €10k | €242 | €6k | €277 | ▼ 95.6% |
| Suppliers440/4 | €126k | €10k | €242 | €6k | €277 | ▼ 95.6% |
| Other amounts payable47/48 | €1.55M | €1.87M | €676k | €708k | €725k | ▲ 2.4% |
| Accrued charges and deferred income492/3 | €9k | €3k | €1k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €18k | €33k | €-19k | €8k | ▲ 142% |
| + Depreciation and write-downs630 | €28k | €29k | €30k | €39k | €65k | ▲ 65.8% |
| Operating cash flow (approximation) | €22k | €47k | €64k | €21k | €73k | ▲ 256% |
| Investment in fixed assets (approximation) | - | €331 | €-13k | €-297k | €0 | ▲ 100% |
| Change in cash | - | €197k | €-197k | €-14k | €43k | ▲ 403% |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €33k ▲89.4%
Operating result €108k, net result €33k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Antwerpen · 1 establishment unit since 2018
Ground area
543 m²
Building footprint
417 m²
Volume, LiDAR
12,114 m³
Parcel 11303B0349/00F004, Flanders · tallest building 31.4 m, ±10 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
NEXT GENERATION
since 20182.273.889.044
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0349/00F004 | Flanders | 543 m² | 1 · 416 m² | 31.4 m · 10 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded15-03-2018
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.