GENERATION4
ActiveSummary
GENERATION4 has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-16k) and a net result of €-62k. Its solvency ranks better than 7% of 8095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability15▲+15
Solvency23▼-11
Growth58
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.17 in 2023; short-term debt: 88.5% and cash: 4.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2024Solvency, return and age of the figures
Solvency
-2.4%
Return on assets
-9.3%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year €-16k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
43 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-16k
2023 · €46k
2023: €46k
2024: €-16k▼ -135% vs 2023
2023 → 2024
Total assets
€665k▲ 25.9%
2023 · €529k
2023: €529k
2024: €665k▲ +25.9% vs 2023
2023 → 2024
Net result
€-62k▲ 82.6%
2023 · €-354k
2023: €-354k
2024: €-62k▲ +82.6% vs 2023
2023 → 2024
Working capital
€-465k▼ 67.0%
2023 · €-278k
2023: €-278k
2024: €-465k▼ -67.0% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€46k-€-16k
2023: €46k
2024: €-16k▼ -135% vs 2023
Operating result€-337k-€-27k▲ 91.9%
2023: €-337k
2024: €-27k▲ +91.9% vs 2023
Net result€-354k-€-62k▲ 82.6%
2023: €-354k
2024: €-62k▲ +82.6% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2024 against €337k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €656k
Fixed assets
€532k ▲ 15.9%
Current assets
€124k ▲ 118%
Key figures and ratios
EBITDA
€33k▲
2023 · €-282k
Cash flow
€-2k▲
2023 · €-299k
Solvency
-2.4%▼
2023 · 8.7%
Current ratio
0.21▲
2023 · 0.17
Debt to equity
-42.71▼
2023 · 10.54
ROA
-9.3%▲
2023 · -67.0%
Interest coverage
0.96▲
2023 · -16.15
Debt
€681k▲
2023 · €483k
Debt ≤ 1 year
€589k▲
2023 · €335k
Debt > 1 year
€92k▼
2023 · €148k
Income taxes
€672▲
2023 · €616
Staff costs
€148k▲
2023 · €144k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€529k€665k▲
Formation expenses20€13k€10k▼
Fixed assets21/28€459k€532k▲
Intangible fixed assets21€36k€19k▼
Tangible fixed assets22/27€230k€200k▼
Plant, machinery and equipment23€11k€12k▲
Furniture and vehicles24€49k€37k▼
Other tangible fixed assets26€170k€151k▼
Financial fixed assets28€192k€312k▲
Current assets29/58€57k€124k▲
Amounts receivable within one year40/41€53k€92k▲
Trade receivables40€53k€68k▲
Other amounts receivable41-€24k
Cash at bank and in hand54/58€4k€32k▲
Deferred charges and accrued income490/1-€221
Equity and liabilities
Total equity and liabilities10/49€529k€665k▲
Equity10/15€46k€-16k▼
Contributions10/11€400k€400k=
Capital10€400k€400k=
Issued capital100€400k€400k=
Profit (loss) carried forward14€-354k€-416k▼
Amounts payable17/49€483k€681k▲
Amounts payable after more than one year17€148k€92k▼
Financial debts170/4€148k€92k▼
Amounts payable within one year42/48€335k€589k▲
Current portion of amounts payable after more than one year42€22k€55k▲
Financial debts43€250k€450k▲
Other loans439€250k€450k▲
Trade debts44€31k€60k▲
Suppliers440/4€31k€60k▲
Taxes, remuneration and social security45€32k€23k▼
Taxes450/3€6k€5k▼
Remuneration and social security454/9€26k€19k▼
Income statement
Code20232024
Remuneration, social security and pensions62€144k€148k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€60k▲
Other operating charges640/8€732€753▲
Gross operating margin9900€-137k€181k▲
Operating profit (loss)9901€-337k€-27k▲
Financial income75/76B€990-
Recurring financial income75€990-
Financial charges65/66B€17k€34k▲
Recurring financial charges65€17k€34k▲
Profit (loss) for the period before taxes9903€-354k€-61k▲
Income taxes67/77€616€672▲
Profit (loss) for the period9904€-354k€-62k▲
Profit (loss) for the period to be appropriated9905€-354k€-62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-354k€-416k▼
Profit (loss) brought forward from the previous period14P-€-354k
Social balance
Average headcount (FTE)90871.22.0▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €144k | €148k | ▲ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55k | €60k | ▲ 8.4% |
| Other operating charges640/8 | €732 | €753 | ▲ 2.9% |
| Gross operating margin9900 | €-137k | €181k | ▲ 232% |
| Operating profit (loss)9901 | €-337k | €-27k | ▲ 91.9% |
| Financial income75/76B | €990 | - | - |
| Recurring financial income75 | €990 | - | - |
| Financial charges65/66B | €17k | €34k | ▲ 94.2% |
| Recurring financial charges65 | €17k | €34k | ▲ 94.2% |
| Profit (loss) for the period before taxes9903 | €-354k | €-61k | ▲ 82.7% |
| Income taxes67/77 | €616 | €672 | ▲ 9.1% |
| Profit (loss) for the period9904 | €-354k | €-62k | ▲ 82.6% |
| Profit (loss) for the period to be appropriated9905 | €-354k | €-62k | ▲ 82.6% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €529k | €665k | ▲ 25.9% |
| Formation expenses20 | €13k | €10k | ▼ 26.6% |
| Fixed assets21/28 | €459k | €532k | ▲ 15.9% |
| Intangible fixed assets21 | €36k | €19k | ▼ 46.6% |
| Tangible fixed assets22/27 | €230k | €200k | ▼ 13.1% |
| Plant, machinery and equipment23 | €11k | €12k | ▲ 8.9% |
| Furniture and vehicles24 | €49k | €37k | ▼ 24.9% |
| Other tangible fixed assets26 | €170k | €151k | ▼ 11.1% |
| Financial fixed assets28 | €192k | €312k | ▲ 62.4% |
| Current assets29/58 | €57k | €124k | ▲ 118% |
| Amounts receivable within one year40/41 | €53k | €92k | ▲ 73.0% |
| Trade receivables40 | €53k | €68k | ▲ 27.4% |
| Other amounts receivable41 | - | €24k | - |
| Cash at bank and in hand54/58 | €4k | €32k | ▲ 751% |
| Deferred charges and accrued income490/1 | - | €221 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €529k | €665k | ▲ 25.9% |
| Equity10/15 | €46k | €-16k | ▼ 135% |
| Contributions10/11 | €400k | €400k | = |
| Capital10 | €400k | €400k | = |
| Issued capital100 | €400k | €400k | = |
| Profit (loss) carried forward14 | €-354k | €-416k | ▼ 17.4% |
| Amounts payable17/49 | €483k | €681k | ▲ 41.1% |
| Amounts payable after more than one year17 | €148k | €92k | ▼ 37.4% |
| Financial debts170/4 | €148k | €92k | ▼ 37.4% |
| Amounts payable within one year42/48 | €335k | €589k | ▲ 75.7% |
| Current portion of amounts payable after more than one year42 | €22k | €55k | ▲ 147% |
| Financial debts43 | €250k | €450k | ▲ 80.0% |
| Other loans439 | €250k | €450k | ▲ 80.0% |
| Trade debts44 | €31k | €60k | ▲ 97.1% |
| Suppliers440/4 | €31k | €60k | ▲ 97.1% |
| Taxes, remuneration and social security45 | €32k | €23k | ▼ 27.5% |
| Taxes450/3 | €6k | €5k | ▼ 21.2% |
| Remuneration and social security454/9 | €26k | €19k | ▼ 28.9% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-354k | €-62k | ▲ 82.6% |
| + Depreciation and write-downs630 | €55k | €60k | ▲ 8.4% |
| Operating cash flow (approximation) | €-299k | €-2k | ▲ 99.3% |
| Investment in fixed assets (approximation) | - | €-133k | - |
| Change in cash | - | €28k | - |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
NBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2022
Ground area
4,237 m²
Building footprint
1,979 m²
Volume, LiDAR
32,545 m³
Parcel 44021A2756/02F002, Flanders · tallest building 21.3 m, ±5 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
GENERATION4
since 20222.334.989.641
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2756/02F002 | Flanders | 4,237 m² | 1 · 1,979 m² | 21.2 m · 5 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.
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 2,023 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
Founded29-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
78200Temporary employment agencies and other provision of personnel
Scores and ratios are computed by Checked and are not a credit decision.