GENUINE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €45k and a net result of €-4k. Its solvency ranks better than 36% of 8006 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 26-05-2026, 66 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
66 d early
2024
14 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 8.9%
2024 · €50k
2024: €50k
2024 → 2025
Net result
€-4k▲ 81.0%
2024 · €-23k
2024: €-23k
2024 → 2025
Total assets
€133k▲ 37.9%
2024 · €96k
2024: €96k
2024 → 2025
Solvency
34.3%▼ 17.6pp
2024 · 51.9%
2024: 51.9%
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€50k-€45k▼ 8.9%
Operating result€-23k-€-4k▲ 84.9%
Net result€-23k-€-4k▲ 81.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €23k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133k
Fixed assets
€22k▲ 180%
Current assets
€111k▲ 25.3%
Equity and liabilities €133k
Equity
€45k▼ 8.9%
Debt
€87k▲ 88.4%
The debt ratio rises from 48.1% to 65.7%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
34.3%▼
2024 · 51.9%
ROE
-9.7%▲
2024 · -46.8%
ROA
-3.3%▲
2024 · -24.3%
Debt
€87k▲
2024 · €46k
Debt ≤ 1 year
€84k▲
2024 · €40k
Debt > 1 year
€3k▼
2024 · €6k
Income taxes
€80▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€96k€133k▲
Fixed assets21/28€8k€22k▲
Tangible fixed assets22/27€8k€22k▲
Plant, machinery and equipment23€653€199▼
Furniture and vehicles24-€18k
Other tangible fixed assets26€7k€4k▼
Current assets29/58€88k€111k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€23k€16k▼
Trade receivables40€23k€16k▼
Cash at bank and in hand54/58€4k€45k▲
Deferred charges and accrued income490/1€62k€49k▼
Equity and liabilities
Total equity and liabilities10/49€96k€133k▲
Equity10/15€50k€45k▼
Contributions10/11€1k€1k=
Reserves13€72k€72k=
Distributable reserves133€72k€72k=
Profit (loss) carried forward14€-23k€-28k▼
Amounts payable17/49€46k€87k▲
Amounts payable after more than one year17€6k€3k▼
Financial debts170/4€6k€3k▼
Amounts payable within one year42/48€40k€84k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€606€36k▲
Suppliers440/4€606€36k▲
Taxes, remuneration and social security45€13k€7k▼
Taxes450/3€13k€7k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€24k€38k▲
Accrued charges and deferred income492/3€256€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€1k€528▼
Gross operating margin9900€-17k€3k▲
Operating profit (loss)9901€-23k€-4k▲
Financial income75/76B€276€0▼
Recurring financial income75€276€0▼
Financial charges65/66B€366€828▲
Recurring financial charges65€366€828▲
Profit (loss) for the period before taxes9903€-23k€-4k▲
Income taxes67/77€0€80▲
Profit (loss) for the period9904€-23k€-4k▲
Profit (loss) for the period to be appropriated9905€-23k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-28k▼
Profit (loss) brought forward from the previous period14P-€-23k
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (7 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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
Directors · office · real estate
Directors
2 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, Zedelgem · 1 establishment unit since 2016
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.
Baesveld 78210 ZedelgemGround area
3,407 m²
Building footprint
168 m²
Volume, LiDAR
671 m³
Parcel 31036G0029/00K000, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Genuine
since 20162.257.792.190
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31036G0029/00K000 | Flanders | 3,407 m² | 1 · 168 m² | 8.4 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 4,980 EUR awarded · 5,820 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 840 EUR | 840 EUR |
| 2023 | 1 | 4,140 EUR | 4,980 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
BEM MANAGEMENT
BE 0459.525.622
Gerpinnes · Eq €45k
ABEC FUNERALS
BE 1010.126.821
Mol · Eq €45k
LNP
BE 0790.316.804
Schilde · Eq €45k
KND FINANCE
BE 0780.966.202
Comines-Warneton · Eq €45k
JOVAS
BE 1002.832.817
Lebbeke · Eq €45k
Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 10,126 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-10-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:050/212690