GENETEC
ActiveSummary
GENETEC has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.34M and a net result of €3.41M. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+18
Solvency60▲+7
Growth75▼-1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850k at 30 days acceptable
Liquidity ample (current ratio 3.52 against 3.42 in 2024; short-term debt: 26.6% and cash: 8.4% of total assets), but 65.3% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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 2025Solvency, return and age of the figures
Solvency
34.7%
Return on assets
10.4%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
on the day
2023
1 d early
2022
12 d early
2021
34 d early
2020
17 d late
2019
88 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€27.92M▲ 5.7%
2024 · €26.42M
2018: €13.44M
2019: €14.78M
2020: €22.13M
2021: €23.65M
2022: €22.64M
2023: €26.75M
2024: €26.42M
2018 → 2025
EBIT margin
13.3%▲ 9.3pp
2024 · 4.0%
2018: 8.4%
2019: 9.1%
2020: 11.0%
2021: 9.5%
2022: 12.3%
2023: 8.0%
2024: 4.0%
2018 → 2025
Net result
€3.41M▲ 219%
2024 · €1.07M
2018: €763k
2019: €896k
2020: €1.90M
2021: €1.64M
2022: €1.87M
2023: €1.46M
2024: €1.07M
2018 → 2025
Working capital
€21.92M▲ 4.7%
2024 · €20.94M
2018: €3.01M
2019: €4.75M
2020: €9.33M
2021: €14.65M
2022: €21.30M
2023: €20.00M
2024: €20.94M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€23.65M-€22.64M▼ 4.3%€26.75M▲ 18.2%€26.42M▼ 1.2%€27.92M▲ 5.7%
Equity€7.17M-€8.68M▲ 21.1%€8.15M▼ 6.1%€9.00M▲ 10.4%€11.34M▲ 26.0%
Operating result€2.25M-€2.79M▲ 24.3%€2.15M▼ 23.1%€1.07M▼ 50.2%€3.73M▲ 249%
Net result€1.64M-€1.87M▲ 14.0%€1.46M▼ 21.8%€1.07M▼ 27.1%€3.41M▲ 219%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 249% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32.72M
Fixed assets
€2.10M ▼ 6.4%
Current assets
€30.61M ▲ 3.4%
Equity and liabilities €32.72M
Equity
€11.34M ▲ 26.0%
Provisions
€43k ▼ 76.8%
Debt
€21.34M ▼ 5.8%
Debt's share of the balance-sheet total falls from 71.2% to 65.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.49M▲
2024 · €1.89M
Cash flow
€4.17M▲
2024 · €1.89M
Current ratio
3.52▲
2024 · 3.42
Quick ratio
2.80▲
2024 · 2.56
Debt to equity
1.88▼
2024 · 2.52
ROE
30.0%▲
2024 · 11.9%
ROA
10.4%▲
2024 · 3.4%
Interest coverage
12827.92▲
2024 · 5438.39
Debt ≤ 1 year
€8.70M▲
2024 · €8.66M
Income taxes
€643k▲
2024 · €314k
Staff costs
€6.66M▲
2024 · €6.57M
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 · 93 lines
Balance sheet
Code20242025
Assets
Total assets20/58€31.84M€32.72M▲
Fixed assets21/28€2.25M€2.10M▼
Tangible fixed assets22/27€1.72M€1.57M▼
Plant, machinery and equipment23€477k€435k▼
Furniture and vehicles24€1.24M€1.14M▼
Financial fixed assets28€531k€531k▲
Companies linked by participating interests282/3€46k€46k=
Participating interests282€46k€46k=
Other financial fixed assets284/8€485k€485k▲
Shares284€248€1k▲
Amounts receivable and cash guarantees285/8€484k€484k▼
Current assets29/58€29.59M€30.61M▲
Stocks and contracts in progress3€7.40M€6.30M▼
Stocks30/36€1.30M€1.07M▼
Goods purchased for resale34€1.30M€1.07M▼
Contracts in progress37€6.09M€5.23M▼
Amounts receivable within one year40/41€11.37M€11.37M=
Trade receivables40€10.32M€10.01M▼
Other amounts receivable41€1.05M€1.35M▲
Current investments50/53€9.88M€10.16M▲
Other investments51/53€9.88M€10.16M▲
Cash at bank and in hand54/58€672k€2.73M▲
Deferred charges and accrued income490/1€278k€50k▼
Equity and liabilities
Total equity and liabilities10/49€31.84M€32.72M▲
Equity10/15€9.00M€11.34M▲
Contributions10/11€1.00M€1.00M=
Capital10€1.00M€1.00M=
Issued capital100€1.00M€1.00M=
Reserves13€2.42M€2.42M=
Non-distributable reserves130/1€100k€100k=
Legal reserve130€100k€100k=
Tax-exempt reserves132€1.58M€947k▼
Distributable reserves133€737k€1.37M▲
Profit (loss) carried forward14€5.58M€7.92M▲
Investment grants15€100€11▼
Provisions and deferred taxes16€185k€43k▼
Provisions for liabilities and charges160/5€185k€43k▼
Environmental obligations163€9k€3k▼
Other liabilities and charges164/5€176k€39k▼
Amounts payable17/49€22.66M€21.34M▼
Amounts payable within one year42/48€8.66M€8.70M▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€5.37M€5.56M▲
Suppliers440/4€5.37M€5.56M▲
Advances received on contracts in progress46-€683k
Taxes, remuneration and social security45€1.20M€1.46M▲
Taxes450/3€301k€597k▲
Remuneration and social security454/9€897k€863k▼
Other amounts payable47/48€2.09M€997k▼
Accrued charges and deferred income492/3€14.00M€12.64M▼
Income statement
Code20242025
Operating income70/76A€29.45M€27.33M▼
Turnover70€26.42M€27.92M▲
Change in stocks of work in progress, finished goods and contracts in progress71€2.75M€-859k▼
Other operating income74€279k€257k▼
Non-recurring operating income76A-€10k
Operating charges60/66A€28.39M€23.60M▼
Goods for resale, raw materials and consumables60€17.27M€12.38M▼
Purchases600/8€16.29M€12.16M▼
Change in stocks: decrease (increase)609€985k€220k▼
Services and other goods61€3.43M€3.66M▲
Remuneration, social security and pensions62€6.57M€6.66M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€820k€764k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€273k€113k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-192k€-142k▲
Other operating charges640/8€198k€156k▼
Non-recurring operating charges66A€7k€9k▲
Operating profit (loss)9901€1.07M€3.73M▲
Financial income75/76B€347k€351k▲
Recurring financial income75€347k€351k▲
Income from financial fixed assets750€306k€350k▲
Other financial income752/9€41k€810▼
Financial charges65/66B€34k€27k▼
Recurring financial charges65€34k€27k▼
Debt charges650€347€350▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0-
Other financial charges652/9€34k€26k▼
Profit (loss) for the period before taxes9903€1.38M€4.05M▲
Income taxes67/77€314k€643k▲
Taxes670/3€342k€987k▲
Tax adjustments and reversals of tax provisions77€28k€344k▲
Profit (loss) for the period9904€1.07M€3.41M▲
Transfer from tax-exempt reserves789€316k€0▼
Transfer to tax-exempt reserves689€632k€0▼
Profit (loss) for the period to be appropriated9905€751k€3.41M▲
Appropriation of the result
Profit (loss) to be appropriated9906€6.12M€8.99M▲
Profit (loss) brought forward from the previous period14P€5.37M€5.58M▲
Transfer to equity691/2€316k€0▼
To the legal reserve6920€0-
To other reserves6921€316k€0▼
Profit to be distributed694/7€219k€1.07M▲
Return on contributions (dividend)694€219k€1.02M▲
Directors or managers695-€50k
Social balance
Average headcount (FTE)9087111.6107.0▼
The notes to these accounts (70 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
27-01
State Gazette act
General meeting · Board meeting
Corporate purpose · Statutes amendment
27-01
State Gazette act
General meeting · Board meeting
Statutes amendment · Corporate purpose
2025
31-12
Financial
Highest result since 2018net €3.41M ▲219%
Operating result €3.73M, net result €3.41M, both a record.
31-12
Financial
Equity above €10MEq €11.34M ▲26%
8 profitable years in a row build equity to €11.34M.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
14-01
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
14-01
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
19-01
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
19-01
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
07-02
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
07-02
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
2022
29-11
State Gazette act
General meeting · Board meeting
Director appointment · Permanent representative
28-07
State Gazette act
General meeting · Board meeting
Director appointment · Permanent representative
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
02-03
State Gazette act
General meeting · Board meeting
Statutes amendment · Corporate purpose
02-03
State Gazette act
General meeting · Board meeting
Statutes amendment · Corporate purpose
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
2020
31-12
Financial
Equity above €5MEq €5.85M ▲35.6%
3 profitable years in a row build equity to €5.85M.
14-12
State Gazette act
General meeting · Board meeting
Director reappointment · Director resignation
14-12
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Namur · 1 establishment unit since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Marche(JB) 9335100 NamurGround area
4,046 m²
Parcel 92136B0391/00E002, Wallonia. Linked by address, not a title deed.
1 establishment unit
GENETEC
since 19862.037.214.784
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92136B0391/00E002 | Wallonia | 4,046 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
Recognitions · licences · registrations
Recognised contractor
13 categoriesGENERAL TECHNOLOGY SA22426
Legal Entity Identifier
98450039PC85BEA8FE58
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 687 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-05-1986
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
71121Engineering and related technical consultancy, excluding land surveyors
42220Construction of utility projects for electricity and telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@genetec.be
Phone:081/40.21.21
Fax:081/40.21.23