GénérationElec
ActiveSummary
GénérationElec has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €315k and a net result of €30k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+15
Solvency44▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.75 in 2024; short-term debt: 42.4% and cash: 2.6% of total assets), and 80.6% of the assets are financed with debt.
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.4%
Return on assets
1.8%
Age of the figures
9 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 25%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
1 d early
2022
on the day
2021
24 d late
2020
37 d early
2019
26 d late
← 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30k
2024 · €-4k
2018: €27k
2019: €11k▼ -58.0% vs 2018
2020: €-24k▼ -310% vs 2019lowest in 8 years
2021: €119k▲ +598% vs 2020highest in 8 years
2022: €38k▼ -68.0% vs 2021
2023: €30k▼ -20.0% vs 2022
2024: €-4k▼ -112% vs 2023
2025: €30k▲ +890% vs 2024
2018 → 2025
Working capital
€-144k▲ 16.0%
2024 · €-171k
2018: €171k
2019: €177k▲ +3.4% vs 2018highest in 8 years
2020: €-17k▼ -109% vs 2019
2021: €72k▲ +535% vs 2020
2022: €-30k▼ -142% vs 2021
2023: €-132k▼ -334% vs 2022
2024: €-171k▼ -30.0% vs 2023lowest in 8 years
2025: €-144k▲ +16.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€349k-€291k▼ 16.6%€292k▲ 0.5%€287k▼ 2.0%€315k▲ 9.8%
2021: €349khighest in 5 years
2022: €291k▼ -16.6% vs 2021
2023: €292k▲ +0.5% vs 2022
2024: €287k▼ -2.0% vs 2023lowest in 5 years
2025: €315k▲ +9.8% vs 2024
Operating result€144k-€66k▼ 54.1%€69k▲ 4.6%€35k▼ 49.7%€75k▲ 116%
2021: €144khighest in 5 years
2022: €66k▼ -54.1% vs 2021
2023: €69k▲ +4.6% vs 2022
2024: €35k▼ -49.7% vs 2023lowest in 5 years
2025: €75k▲ +116% vs 2024
Net result€119k-€38k▼ 68.0%€30k▼ 20.0%€-4k€30k
2021: €119khighest in 5 years
2022: €38k▼ -68.0% vs 2021
2023: €30k▼ -20.0% vs 2022
2024: €-4k▼ -112% vs 2023lowest in 5 years
2025: €30k▲ +890% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 116% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.62M
Fixed assets
€1.08M ▼ 6.6%
Current assets
€544k ▲ 5.0%
Equity and liabilities €1.62M
Equity
€315k ▲ 9.8%
Debt
€1.31M ▼ 5.6%
Debt's share of the balance-sheet total falls from 82.9% to 80.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€159k▲
2024 · €118k
Cash flow
€114k▲
2024 · €80k
Current ratio
0.79▲
2024 · 0.75
Quick ratio
0.23▲
2024 · 0.19
Debt to equity
4.16▼
2024 · 4.84
ROE
9.5%▲
2024 · -1.3%
ROA
1.8%▲
2024 · -0.2%
Interest coverage
4.10▲
2024 · 2.58
Debt ≤ 1 year
€688k▼
2024 · €690k
Debt > 1 year
€620k▼
2024 · €697k
Income taxes
€13k▲
2024 · €792
Staff costs
€144k▲
2024 · €133k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.67M€1.62M▼
Fixed assets21/28€1.15M€1.08M▼
Tangible fixed assets22/27€1.15M€1.08M▼
Land and buildings22€1.00M€956k▼
Plant, machinery and equipment23€722€521▼
Furniture and vehicles24€151k€123k▼
Financial fixed assets28€250€250=
Current assets29/58€518k€544k▲
Stocks and contracts in progress3€384k€383k▼
Stocks30/36€384k€383k▼
Amounts receivable within one year40/41€89k€103k▲
Trade receivables40€80k€92k▲
Other amounts receivable41€9k€11k▲
Cash at bank and in hand54/58€20k€42k▲
Deferred charges and accrued income490/1€26k€16k▼
Equity and liabilities
Total equity and liabilities10/49€1.67M€1.62M▼
Equity10/15€287k€315k▲
Contributions10/11€25k€25k=
Reserves13€201k€231k▲
Distributable reserves133€201k€231k▲
Profit (loss) carried forward14€13k€13k=
Investment grants15€48k€46k▼
Amounts payable17/49€1.39M€1.31M▼
Amounts payable after more than one year17€697k€620k▼
Financial debts170/4€697k€620k▼
Amounts payable within one year42/48€690k€688k▼
Current portion of amounts payable after more than one year42€85k€80k▼
Financial debts43€200k€200k=
Credit institutions430/8€200k€200k=
Trade debts44€201k€213k▲
Suppliers440/4€201k€213k▲
Taxes, remuneration and social security45€29k€34k▲
Taxes450/3€6k€12k▲
Remuneration and social security454/9€23k€22k▼
Other amounts payable47/48€174k€161k▼
Income statement
Code20242025
Remuneration, social security and pensions62€133k€144k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€84k▲
Other operating charges640/8€10k€9k▼
Gross operating margin9900€262k€313k▲
Operating profit (loss)9901€35k€75k▲
Financial income75/76B€8k€7k▼
Recurring financial income75€8k€7k▼
Financial charges65/66B€46k€39k▼
Recurring financial charges65€46k€39k▼
Profit (loss) for the period before taxes9903€-3k€43k▲
Income taxes67/77€792€13k▲
Profit (loss) for the period9904€-4k€30k▲
Profit (loss) for the period to be appropriated9905€-4k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€43k▲
Profit (loss) brought forward from the previous period14P€17k€13k▼
Transfer to equity691/2-€30k
To other reserves6921-€30k
Social balance
Average headcount (FTE)90873.23.3▲
The notes to these accounts (9 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 | - | €19k | - | - | - | - |
| Remuneration, social security and pensions62 | €125k | €144k | €138k | €133k | €144k | ▲ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47k | €57k | €72k | €84k | €84k | ▲ 0.5% |
| Other operating charges640/8 | €3k | €4k | €3k | €10k | €9k | ▼ 6.8% |
| Gross operating margin9900 | €320k | €271k | €282k | €262k | €313k | ▲ 19.6% |
| Operating profit (loss)9901 | €144k | €66k | €69k | €35k | €75k | ▲ 116% |
| Financial income75/76B | €29k | €11k | €6k | €8k | €7k | ▼ 12.8% |
| Recurring financial income75 | €27k | €11k | €6k | €8k | €7k | ▼ 12.8% |
| Non-recurring financial income76B | €2k | - | - | - | - | - |
| Financial charges65/66B | €26k | €28k | €34k | €46k | €39k | ▼ 15.3% |
| Recurring financial charges65 | €26k | €28k | €34k | €46k | €39k | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | €147k | €50k | €42k | €-3k | €43k | ▲ 1,541% |
| Income taxes67/77 | €28k | €12k | €11k | €792 | €13k | ▲ 1,583% |
| Profit (loss) for the period9904 | €119k | €38k | €30k | €-4k | €30k | ▲ 890% |
| Profit (loss) for the period to be appropriated9905 | €119k | €38k | €30k | €-4k | €30k | ▲ 890% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.75M | €1.76M | €1.71M | €1.67M | €1.62M | ▼ 3.0% |
| Fixed assets21/28 | €1.13M | €1.13M | €1.18M | €1.15M | €1.08M | ▼ 6.6% |
| Tangible fixed assets22/27 | €1.13M | €1.13M | €1.18M | €1.15M | €1.08M | ▼ 6.6% |
| Land and buildings22 | €1.08M | €1.05M | €1.02M | €1.00M | €956k | ▼ 4.7% |
| Plant, machinery and equipment23 | €848 | €424 | €924 | €722 | €521 | ▼ 27.9% |
| Furniture and vehicles24 | €46k | €72k | €159k | €151k | €123k | ▼ 19.0% |
| Financial fixed assets28 | €25 | €25 | €275 | €250 | €250 | = |
| Current assets29/58 | €626k | €639k | €528k | €518k | €544k | ▲ 5.0% |
| Stocks and contracts in progress3 | €337k | €272k | €371k | €384k | €383k | ▼ 0.2% |
| Stocks30/36 | €337k | €272k | €371k | €384k | €383k | ▼ 0.2% |
| Amounts receivable within one year40/41 | €257k | €289k | €134k | €89k | €103k | ▲ 16.2% |
| Trade receivables40 | €150k | €199k | €112k | €80k | €92k | ▲ 15.6% |
| Other amounts receivable41 | €107k | €89k | €22k | €9k | €11k | ▲ 20.7% |
| Cash at bank and in hand54/58 | €30k | €72k | €12k | €20k | €42k | ▲ 115% |
| Deferred charges and accrued income490/1 | €3k | €6k | €11k | €26k | €16k | ▼ 38.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.75M | €1.76M | €1.71M | €1.67M | €1.62M | ▼ 3.0% |
| Equity10/15 | €349k | €291k | €292k | €287k | €315k | ▲ 9.8% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €253k | €197k | €201k | €201k | €231k | ▲ 15.0% |
| Non-distributable reserves130/1 | €3k | €3k | - | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | - | - | - | - |
| Distributable reserves133 | €251k | €195k | €201k | €201k | €231k | ▲ 15.0% |
| Profit (loss) carried forward14 | €17k | €17k | €17k | €13k | €13k | = |
| Investment grants15 | €54k | €52k | €50k | €48k | €46k | ▼ 4.0% |
| Amounts payable17/49 | €1.40M | €1.47M | €1.42M | €1.39M | €1.31M | ▼ 5.6% |
| Amounts payable after more than one year17 | €849k | €804k | €757k | €697k | €620k | ▼ 11.0% |
| Financial debts170/4 | €849k | €804k | €757k | €697k | €620k | ▼ 11.0% |
| Amounts payable within one year42/48 | €555k | €669k | €660k | €690k | €688k | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | €68k | €71k | €79k | €85k | €80k | ▼ 6.4% |
| Financial debts43 | €260k | €228k | €215k | €200k | €200k | = |
| Credit institutions430/8 | €260k | €228k | €215k | €200k | €200k | = |
| Trade debts44 | €183k | €211k | €166k | €201k | €213k | ▲ 5.6% |
| Suppliers440/4 | €183k | €211k | €166k | €201k | €213k | ▲ 5.6% |
| Taxes, remuneration and social security45 | €44k | €69k | €28k | €29k | €34k | ▲ 17.8% |
| Taxes450/3 | €23k | €51k | €6k | €6k | €12k | ▲ 102% |
| Remuneration and social security454/9 | €20k | €18k | €22k | €23k | €22k | ▼ 4.6% |
| Other amounts payable47/48 | €127 | €90k | €171k | €174k | €161k | ▼ 7.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €119k | €38k | €30k | €-4k | €30k | ▲ 890% |
| + Depreciation and write-downs630 | €47k | €57k | €72k | €84k | €84k | ▲ 0.5% |
| Operating cash flow (approximation) | €166k | €95k | €103k | €80k | €114k | ▲ 42.9% |
| Investment in fixed assets (approximation) | - | €-56k | €-128k | €-57k | €-8k | ▲ 85.8% |
| Change in cash | - | €43k | €-61k | €8k | €23k | ▲ 190% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
31-12
Financial
Back to profitnet €119k
Net result €119k after one loss-making year.
31-12
Financial
Equity above €200kEq €349k ▲97.7%
Equity rises from €176k to €349k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
31-12
Financial
Equity above €200kEq €200k ▲6%
2 profitable years in a row build equity to €200k.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Mouscron · 1 establishment unit since 2010
Ground area
4,696 m²
Building footprint
1,259 m²
Volume, LiDAR
9,326 m³
Parcel 54007B0664/00D000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
V&P generationelec
since 20102.190.083.519
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B0664/00D000 | Wallonia | 4,696 m² | 1 · 1,259 m² | 8.5 m · 2 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 1,075 companies in sector 46140 we hold annual accounts for 645. 486 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
47552Retail sale of lighting equipment
46431Wholesale of electrical household appliances and audio-video equipment
46474Wholesale trade
46643Wholesale of electrical equipment, including installation materials
Contact
Website
www.generationelec.be
E-mail
yohan@generationelec.be
Scores and ratios are computed by Checked and are not a credit decision.