SIXTH GENERATION
ActiveSummary
The computed 12-month bankruptcy probability of SIXTH GENERATION is 2.6% (moderate). The 2025 annual accounts show negative equity (-€432,508) and a net result of -€116,798. Equity is shrinking by about 12% per year across the filed financial years. Its solvency ranks better than 5% of 1,682 sector peers (NACE 62, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 2.3 FTE
- Equity
- -€432,508
- Loss
- -€116,798
- Parent
- XGTech · 86%
- Board
- 4 members
- De Cronos GroepManaging director · permanent representative DEROOST,Dirk
Why 49raises riskNegative equity -€432,508Loss of €116,798, the second in a row (financial year 2025)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Legal form: public limited companyShow the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 3% on solvency, 4% on liquidity, 5% on profitability and 29% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 2 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €92,500 in 2025 against €89,436 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2023 Total assets +1,669% on 2022. Capital increase of €206,075 (Official Gazette 05-04-2023).
Peer companies
Historical observationOf the 6,007 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83.0% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,007 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €240,213 | €112,500 | €163,565 | - | €117,099 | €338,139 | €322,876 | ▼ 4.5% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €103,670 | €5,595 | €263,859 | €284,782 | €292,933 | ▲ 2.9% |
| Remuneration, social security and pensions62 | - | - | €78,803 | - | €31,044 | €97,339 | €120,749 | ▲ 24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,668 | €1,320 | €523 | - | - | - | €231 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,300 | -€2,300 | - | - |
| Other operating charges640/8 | - | - | €1,111 | €530 | €1,154 | €1,354 | €1,463 | ▲ 8.0% |
| Non-recurring operating charges66A | - | - | €523 | - | - | - | - | - |
| Gross operating margin9900 | -€53,061 | €39,237 | €61,553 | €3,333 | -€98,933 | €6,958 | €29,943 | ▲ 330% |
| Operating profit (loss)9901 | -€229,095 | -€42,778 | -€19,407 | €2,803 | -€133,431 | -€89,436 | -€92,500 | ▼ 3.4% |
| Financial income75/76B | - | - | - | - | €0 | €275 | €6 | ▼ 97.8% |
| Recurring financial income75 | - | - | - | - | €0 | €275 | €6 | ▼ 97.8% |
| Financial charges65/66B | - | - | €11,253 | €11,621 | €11,299 | €20,705 | €23,873 | ▲ 15.3% |
| Recurring financial charges65 | €4,390 | €11,485 | €11,253 | €11,621 | €11,299 | €20,705 | €23,873 | ▲ 15.3% |
| Profit (loss) for the period before taxes9903 | -€233,484 | -€54,263 | -€30,660 | -€8,818 | -€144,729 | -€109,865 | -€116,366 | ▼ 5.9% |
| Income taxes67/77 | - | €1,143 | €346 | - | - | €487 | €432 | ▼ 11.4% |
| Profit (loss) for the period9904 | -€233,484 | -€55,405 | -€31,006 | -€8,818 | -€144,729 | -€110,352 | -€116,798 | ▼ 5.8% |
| Profit (loss) for the period to be appropriated9905 | -€233,484 | -€55,405 | -€31,006 | -€8,818 | -€144,729 | -€110,352 | -€116,798 | ▼ 5.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €87,745 | €77,506 | €31,577 | €9,568 | €169,286 | €121,140 | €142,699 | ▲ 17.8% |
| Fixed assets21/28 | €2,366 | €1,046 | - | - | - | - | €504 | - |
| Tangible fixed assets22/27 | €2,366 | €1,046 | - | - | - | - | €504 | - |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €504 | - |
| Current assets29/58 | €85,379 | €76,460 | €31,577 | €9,568 | €169,286 | €121,140 | €142,195 | ▲ 17.4% |
| Amounts receivable within one year40/41 | €57,718 | €64,971 | €18,610 | €5,028 | €162,783 | €108,696 | €131,922 | ▲ 21.4% |
| Trade receivables40 | - | - | €18,610 | - | €136,322 | €86,549 | €131,922 | ▲ 52.4% |
| Other amounts receivable41 | - | - | - | €5,028 | €26,461 | €22,146 | - | - |
| Cash at bank and in hand54/58 | €10,348 | €10,568 | €11,963 | €4,540 | €6,199 | €10,501 | €7,710 | ▼ 26.6% |
| Deferred charges and accrued income490/1 | - | - | €1,004 | - | €305 | €1,943 | €2,563 | ▲ 31.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €87,745 | €77,506 | €31,577 | €9,568 | €169,286 | €121,140 | €142,699 | ▲ 17.8% |
| Equity10/15 | -€171,474 | -€226,880 | -€257,885 | -€266,703 | -€205,358 | -€315,710 | -€432,508 | ▼ 37.0% |
| Contributions10/11 | €62,010 | €62,010 | €62,010 | €62,010 | €62,010 | €62,010 | €62,010 | = |
| Capital10 | - | - | €62,010 | €62,010 | €62,010 | €62,010 | €62,010 | = |
| Issued capital100 | - | - | €62,010 | €62,010 | €62,010 | €62,010 | €62,010 | = |
| Profit (loss) carried forward14 | -€233,484 | -€288,890 | -€319,895 | -€328,713 | -€267,368 | -€377,720 | -€494,518 | ▼ 30.9% |
| Amounts payable17/49 | €259,220 | €304,385 | €289,462 | €276,271 | €374,644 | €436,850 | €575,207 | ▲ 31.7% |
| Amounts payable within one year42/48 | €259,220 | €273,760 | €289,462 | €276,271 | €374,644 | €436,850 | €575,207 | ▲ 31.7% |
| Trade debts44 | €66,241 | €31,679 | €8,862 | €7,632 | €36,363 | €42,216 | €48,554 | ▲ 15.0% |
| Suppliers440/4 | - | - | €8,862 | €7,632 | €36,363 | €42,216 | €48,554 | ▲ 15.0% |
| Advances received on contracts in progress46 | - | - | - | - | €1,020 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €15,265 | €346 | €4,125 | €11,753 | €31,907 | ▲ 171% |
| Taxes450/3 | - | - | €5,022 | €346 | - | €487 | €17,576 | ▲ 36× |
| Remuneration and social security454/9 | - | - | €10,242 | - | €4,125 | €11,266 | €14,331 | ▲ 27.2% |
| Other amounts payable47/48 | - | - | €265,335 | €268,293 | €333,136 | €382,881 | €494,745 | ▲ 29.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€233,484 | -€55,405 | -€31,006 | -€8,818 | -€144,729 | -€110,352 | -€116,798 | ▼ 5.8% |
| + Depreciation and write-downs630 | €2,668 | €1,320 | €523 | - | - | - | €231 | - |
| Operating cash flow (approximation) | -€230,817 | -€54,085 | -€30,483 | -€8,818 | -€144,729 | -€110,352 | -€116,568 | ▼ 5.6% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - | - | - |
| Change in cash | - | €221 | €1,395 | -€7,424 | €1,659 | €4,303 | -€2,791 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 27-07-2026 | 2026-00344428 |
| 31-12-2024 | abbreviated format | 26-08-2025 | 2025-00423656 |
| 31-12-2023 | abbreviated format | 22-08-2024 | 2024-00372587 |
| 31-12-2022 | abbreviated format | 03-08-2023 | 2023-00310613 |
| 31-12-2021 | abbreviated format | 04-08-2022 | 2022-20273767 |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-34500012 |
| 31-12-2019 | abbreviated format | 13-07-2020 | 2020-29100567 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 4
Day-to-day management 2
Permanent representatives 3
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| De Cronos Groep |
|
| DE WIT,Josephus |
|
| XGD |
|
| XGTech |
|
| KPMG Bedrijfsrevisoren CVBA |
|
Owners and capital
Owners
1 ownerChain of control
- Nuclys
- De Cronos Groep
- Xplore group
- XGD
- XGTech
- SIXTH GENERATION
Highest known parent: Nuclys. The sources do not say who stands above it.
Owners 1
- XGTechparent86%
According to the 2025 annual accounts of SIXTH GENERATION and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 05-04-2023 Capital increase of €206,075.34 · to €268,075.34 · in cash
- 05-04-2023 Capital reduction of €206,075.34 · to €62,000
Group and network
Connections & network
4 connected companiesHistory
Acts, filings and financial milestones
11-04
Gazette deed
Permanent representatives: Tim Vermeiren, Dieter Vanloock and Dirk DeroostReappointment: KPMG Bedrijfsrevisoren CVBA (statutory auditor)6 facts ▸
- General meeting, 02-03-2023
- Permanent representative, Tim Vermeiren (vaste vertegenwoordiger van de commissaris)
- Permanent representative, Dieter Vanloock (vaste vertegenwoordiger van de commissaris)
- Other provision, “einde mandaat commissaris van rechtswege, jaarvergadering van 2023” (deed in Dutch)
- Auditor reappointment, KPMG Bedrijfsrevisoren CVBA (statutory auditor)
- Permanent representative, Dirk Deroost (vaste vertegenwoordiger van bestuurder)
05-04
Gazette deed
Reappointment: De Cronos Groep (director)Permanent representatives: DEROOST,Dirk, VAN ROEY,Günther and CLAES,Paul · Appointments: DE WIT,Josephus, XGTech and 2 others · Capital increase16 facts ▸
- Capital increase, €206,075.34
- Bank account, “ING België NV, voorafgaandelijk gedeponeerd op een bijzonder rekeningnummer” (deed in Dutch)
- Capital decrease, €206,075.34
- Name change, Sixth Generation
- Board rule, “raad van bestuur” (deed in Dutch)
- Director reappointment, De Cronos Groep (director)
- Permanent representative, DEROOST,Dirk (2 times)
- Director appointment, DE WIT,Josephus (director)
- Director appointment, XGTech (director)
- Permanent representative, VAN ROEY,Günther
- Director appointment, XGD (director)
- Permanent representative, CLAES,Paul
- +4 further facts in this act
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11024B0130/00C002 | Flanders | 1.1 ha | 1 · 955 m² | 15.4 m · 4 |
How the parcels are linked
Articles of association
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Overeenkomstig artikel 24.1.van de statuten werd aan de voornoemde bestuurders volledige collectieve vertegenwoordigingsmacht verleend om…”deed of 05-04-2023
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 11-04-2023
Read from the deeds: 2 provisions, deed of 11-04-2023