Générations
ActiveSummary
Générations has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10.20M and a net result of €1.65M. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+7
Solvency100▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days only on tighter terms
Liquidity ample (current ratio 2.65 against 2.05 in 2023; short-term debt: 9.6% and cash: 14.3% of total assets), and 23.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76.8%
Return on assets
12.4%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-12-2025, 140 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
140 d late
2023
141 d late
2022
115 d late
2021
176 d late
2020
541 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.65M▲ 99.5%
2023 · €828k
2020: €2.61Mhighest in 5 years
2021: €836k▼ -68.0% vs 2020
2022: €1.12M▲ +33.8% vs 2021
2023: €828k▼ -26.0% vs 2022lowest in 5 years
2024: €1.65M▲ +99.5% vs 2023
2020 → 2024
Working capital
€2.10M▲ 33.2%
2023 · €1.58M
2020: €275klowest in 5 years
2021: €1.16M▲ +322% vs 2020
2022: €1.86M▲ +60.0% vs 2021
2023: €1.58M▼ -15.1% vs 2022
2024: €2.10M▲ +33.2% vs 2023highest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5.76M-€6.60M▲ 14.5%€7.71M▲ 17.0%€8.54M▲ 10.7%€10.20M▲ 19.3%
2020: €5.76Mlowest in 5 years
2021: €6.60M▲ +14.5% vs 2020
2022: €7.71M▲ +17.0% vs 2021
2023: €8.54M▲ +10.7% vs 2022
2024: €10.20M▲ +19.3% vs 2023highest in 5 years
Operating result€2.62M-€839k▼ 67.9%€1.12M▲ 33.9%€830k▼ 26.2%€1.65M▲ 99.0%
2020: €2.62Mhighest in 5 years
2021: €839k▼ -67.9% vs 2020
2022: €1.12M▲ +33.9% vs 2021
2023: €830k▼ -26.2% vs 2022lowest in 5 years
2024: €1.65M▲ +99.0% vs 2023
Net result€2.61M-€836k▼ 68.0%€1.12M▲ 33.8%€828k▼ 26.0%€1.65M▲ 99.5%
2020: €2.61Mhighest in 5 years
2021: €836k▼ -68.0% vs 2020
2022: €1.12M▲ +33.8% vs 2021
2023: €828k▼ -26.0% vs 2022lowest in 5 years
2024: €1.65M▲ +99.5% vs 2023
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 99% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13.27M
Fixed assets
€9.90M ▲ 11.1%
Current assets
€3.37M ▲ 9.6%
Equity and liabilities €13.27M
Equity
€10.20M ▲ 19.3%
Debt
€3.08M ▼ 10.6%
Debt's share of the balance-sheet total falls from 28.7% to 23.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.14M▲
2023 · €1.08M
Cash flow
€2.14M▲
2023 · €1.08M
Current ratio
2.65▲
2023 · 2.05
Debt to equity
0.30▼
2023 · 0.40
ROE
16.2%▲
2023 · 9.7%
ROA
12.4%▲
2023 · 6.9%
Interest coverage
519.75▲
2023 · 464.74
Debt ≤ 1 year
€1.27M▼
2023 · €1.50M
Debt > 1 year
€1.72M▼
2023 · €1.87M
Staff costs
€91k▼
2023 · €116k
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 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€11.98M€13.27M▲
Fixed assets21/28€8.91M€9.90M▲
Tangible fixed assets22/27€8.90M€9.90M▲
Land and buildings22€8.56M€9.53M▲
Plant, machinery and equipment23€127k€177k▲
Furniture and vehicles24€35k€64k▲
Other tangible fixed assets26€149k€127k▼
Assets under construction and advance payments27€31k-
Financial fixed assets28€2k€2k=
Current assets29/58€3.08M€3.37M▲
Amounts receivable after more than one year29€1.18M€1.22M▲
Other amounts receivable291€1.18M€1.22M▲
Amounts receivable within one year40/41€40k€117k▲
Trade receivables40€9k€17k▲
Other amounts receivable41€31k€100k▲
Cash at bank and in hand54/58€1.78M€1.90M▲
Deferred charges and accrued income490/1€75k€138k▲
Equity and liabilities
Total equity and liabilities10/49€11.98M€13.27M▲
Equity10/15€8.54M€10.20M▲
Contributions10/11€933k€933k=
Capital10€933k€933k=
Profit (loss) carried forward14€7.61M€9.26M▲
Amounts payable17/49€3.44M€3.08M▼
Amounts payable after more than one year17€1.87M€1.72M▼
Other amounts payable178/9€1.87M€1.72M▼
Amounts payable within one year42/48€1.50M€1.27M▼
Current portion of amounts payable after more than one year42€150k€152k▲
Trade debts44€45k€11k▼
Suppliers440/4€45k€11k▼
Taxes, remuneration and social security45€16k€19k▲
Taxes450/3€1k€1k▲
Remuneration and social security454/9€15k€18k▲
Accrued charges and deferred income492/3€69k€83k▲
Income statement
Code20232024
Remuneration, social security and pensions62€116k€91k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€249k€486k▲
Other operating charges640/8€397k€118k▼
Gross operating margin9900€1.59M€2.35M▲
Operating profit (loss)9901€830k€1.65M▲
Financial income75/76B€492€4k▲
Recurring financial income75€492€4k▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€828k€1.65M▲
Profit (loss) for the period9904€828k€1.65M▲
Profit (loss) for the period to be appropriated9905€828k€1.65M▲
Appropriation of the result
Profit (loss) to be appropriated9906€7.61M€9.26M▲
Profit (loss) brought forward from the previous period14P€6.78M€7.61M▲
Social balance
Average headcount (FTE)90873.22.4▼
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €131 | - | - | - | - |
| Remuneration, social security and pensions62 | €74k | €79k | €87k | €116k | €91k | ▼ 21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €163k | €176k | €203k | €249k | €486k | ▲ 95.0% |
| Other operating charges640/8 | €33k | €30k | €21k | €397k | €118k | ▼ 70.4% |
| Gross operating margin9900 | €2.89M | €1.13M | €1.44M | €1.59M | €2.35M | ▲ 47.4% |
| Operating profit (loss)9901 | €2.62M | €839k | €1.12M | €830k | €1.65M | ▲ 99.0% |
| Financial income75/76B | €24 | €16 | €19 | €492 | €4k | ▲ 770% |
| Recurring financial income75 | €24 | €16 | €19 | €492 | €4k | ▲ 770% |
| Financial charges65/66B | €2k | €3k | €5k | €2k | €4k | ▲ 77.1% |
| Recurring financial charges65 | €2k | €3k | €5k | €2k | €4k | ▲ 77.1% |
| Profit (loss) for the period before taxes9903 | €2.61M | €836k | €1.12M | €828k | €1.65M | ▲ 99.5% |
| Profit (loss) for the period9904 | €2.61M | €836k | €1.12M | €828k | €1.65M | ▲ 99.5% |
| Profit (loss) for the period to be appropriated9905 | €2.61M | €836k | €1.12M | €828k | €1.65M | ▲ 99.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.45M | €8.73M | €9.33M | €11.98M | €13.27M | ▲ 10.7% |
| Fixed assets21/28 | €5.74M | €6.26M | €6.51M | €8.91M | €9.90M | ▲ 11.1% |
| Tangible fixed assets22/27 | €5.74M | €6.26M | €6.51M | €8.90M | €9.90M | ▲ 11.1% |
| Land and buildings22 | €4.89M | €4.74M | €6.26M | €8.56M | €9.53M | ▲ 11.3% |
| Plant, machinery and equipment23 | €6k | €27k | €67k | €127k | €177k | ▲ 39.1% |
| Furniture and vehicles24 | €24k | €29k | €30k | €35k | €64k | ▲ 84.9% |
| Other tangible fixed assets26 | €143k | €163k | €154k | €149k | €127k | ▼ 14.9% |
| Assets under construction and advance payments27 | €677k | €1.30M | - | €31k | - | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €2.71M | €2.46M | €2.82M | €3.08M | €3.37M | ▲ 9.6% |
| Amounts receivable after more than one year29 | €1.25M | €483k | €483k | €1.18M | €1.22M | ▲ 3.4% |
| Other amounts receivable291 | €1.25M | €483k | €483k | €1.18M | €1.22M | ▲ 3.4% |
| Amounts receivable within one year40/41 | €871 | €4k | €11k | €40k | €117k | ▲ 196% |
| Trade receivables40 | - | €524 | €4k | €9k | €17k | ▲ 93.8% |
| Other amounts receivable41 | €871 | €3k | €7k | €31k | €100k | ▲ 225% |
| Cash at bank and in hand54/58 | €1.45M | €1.81M | €2.31M | €1.78M | €1.90M | ▲ 6.5% |
| Deferred charges and accrued income490/1 | €10k | €162k | €14k | €75k | €138k | ▲ 83.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.45M | €8.73M | €9.33M | €11.98M | €13.27M | ▲ 10.7% |
| Equity10/15 | €5.76M | €6.60M | €7.71M | €8.54M | €10.20M | ▲ 19.3% |
| Contributions10/11 | €933k | €933k | €933k | €933k | €933k | = |
| Capital10 | €933k | €933k | €933k | €933k | €933k | = |
| Profit (loss) carried forward14 | €4.83M | €5.66M | €6.78M | €7.61M | €9.26M | ▲ 21.7% |
| Amounts payable17/49 | €2.69M | €2.13M | €1.61M | €3.44M | €3.08M | ▼ 10.6% |
| Amounts payable after more than one year17 | €223k | €746k | €570k | €1.87M | €1.72M | ▼ 8.0% |
| Financial debts170/4 | €3k | €833 | - | - | - | - |
| Other amounts payable178/9 | €220k | €745k | €570k | €1.87M | €1.72M | ▼ 8.0% |
| Amounts payable within one year42/48 | €2.44M | €1.30M | €965k | €1.50M | €1.27M | ▼ 15.2% |
| Current portion of amounts payable after more than one year42 | €602k | €2k | €833 | €150k | €152k | ▲ 1.1% |
| Trade debts44 | €66k | €59k | €134k | €45k | €11k | ▼ 75.1% |
| Suppliers440/4 | €66k | €59k | €134k | €45k | €11k | ▼ 75.1% |
| Taxes, remuneration and social security45 | €25k | €21k | €22k | €16k | €19k | ▲ 16.9% |
| Taxes450/3 | €8k | €3k | €3k | €1k | €1k | ▲ 0.1% |
| Remuneration and social security454/9 | €17k | €18k | €20k | €15k | €18k | ▲ 18.1% |
| Accrued charges and deferred income492/3 | €33k | €82k | €80k | €69k | €83k | ▲ 20.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.61M | €836k | €1.12M | €828k | €1.65M | ▲ 99.5% |
| + Depreciation and write-downs630 | €163k | €176k | €203k | €249k | €486k | ▲ 95.0% |
| Operating cash flow (approximation) | €2.78M | €1.01M | €1.32M | €1.08M | €2.14M | ▲ 98.4% |
| Investment in fixed assets (approximation) | - | €-699k | €-449k | €-2.65M | €-1.48M | ▲ 44.1% |
| Change in cash | - | €362k | €498k | €-532k | €115k | ▲ 122% |
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
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 140 days late
2024
31-12
Financial
Equity above €10MEq €10.20M ▲19.3%
5 profitable years in a row build equity to €10.20M.
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 141 days late
2023
31-12
Financial
Weakest financial yearnet €828k ▼26%
Net result drops to €828k, the lowest in the series; recovery starts the following year.
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 115 days late
23-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 176 days late
23-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 541 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Schaarbeek · 4 establishment units since 2011
Ground area
3,397 m²
Building footprint
2,863 m²
Volume, LiDAR
26,834 m³
4 parcels, Brussels · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
4 establishment units
Générations
since 20112.197.718.211
Générations
since 20252.380.837.779
Générations
since 20252.380.837.878
Jubelfeestlaan 153, 1080 Sint-Jans-Molenbeek
since 20262.391.260.430
4 parcels
Brussels
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0943/00C031 | Brussels | 2,295 m² | 1 · 2,099 m² | 13.6 m · 3 fl. |
| 21012F0356/00S000 | Brussels | 478 m² | 1 · 478 m² | 14.8 m · 4 fl. |
| 21012A0007/00C006 | Brussels | 427 m² | 1 · 189 m² | 17.6 m · 4 fl. |
| 21910E0124/00Y017 | Brussels | 197 m² | 1 · 96 m² | 18.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,130 companies in sector 94999 we hold annual accounts for 704. 171 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded10-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
94999Other membership organisations
77399Renting and leasing of other machinery, equipment and tangible goods
Scores and ratios are computed by Checked and are not a credit decision.