What does Genisol do?

Genisol is a specialised building contractor in Evergem. Public Limited, started on 6 November 1981, 1 establishment.

What is the address of Genisol?

The registered office of Genisol is located at Rabotstraat 113, 9940 Evergem.

Is Genisol still active?

No. The CBE lists Genisol with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is Genisol registered on Peppol?

Yes, Genisol is registered on the Peppol network with ID 0208:0422099854.

What is the enterprise number of Genisol?

The enterprise number of Genisol is BE0422099854.

When was Genisol founded?

Genisol was founded on 6 November 1981.

Who are the directors of Genisol?

According to the 2024 annual accounts, the directors of Genisol are: Fedrac NV, Francois Goubau.

Is Genisol a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 6 November 1981; 4 annual accounts filed, latest fiscal year 2024; 2 directors known from the annual account.

How much profit did Genisol make in 2024?

Genisol recorded a loss after taxes of € 1,801,086 in financial year 2024.

What is the revenue of Genisol?

In its most recent annual accounts (2024), Genisol reported revenue of € 3,039,606.

How much does an employee at Genisol earn?

The average wage cost per full-time employee at Genisol was € 56,600 in 2024: staff costs of € 2 million for 35.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Genisol have?

According to the 2024 annual accounts, Genisol has 35.3 full-time equivalents (FTE).

Genisol (Public Limited) - Evergem - BE0422099854

Dossier Genisol, printed on 30 October 2026 from databakkes.be/en/0422099854/genisol. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 1 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2023 and 2024.
Tight liquidity NBB

Cash and receivables cover 61 % of short-term debt in 2024; threshold 65 %.
Shrinking team NBB

FTE fell two years in a row, from 43 to 35.3.
Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2024

Genisol from Evergem, company number BE0422099854, closed financial year 2024 with a result of € -1.8 million after tax. For that financial year Genisol recorded revenue of € 3 million and equity of € -1.3 million. Compared with financial year 2023, the result moved from € -214,154 to € -1.8 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 1, 2025.

What it is worth Caution

€ -1.3 million

▼ € 1.8 million vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -1.8 million

▼ 741 % more loss than in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 12,727

▼ 43% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -2.8 million.

People and assets in 2024

Full-time equivalents

35.3

▼ 6.5 vs 2023

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 1.1 million in 2024, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2 million

▼ 17% vs 2023

€ 56,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 20,001

▼ 36% vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt ≈ 41 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2.3 million

▲ 153% vs 2023

€ 54,180 is repaid this year. At this pace the long-term loan is gone in ≈ 41 years.

Owed to suppliers

€ 1.9 million

▼ 2% vs 2023

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 202 days on average.

Taxes and wages

€ 862,317

▲ 29% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Revenue	€ 6,590,109 Revenue 2021: € 6,590,109 First fiscal year in the series	€ 9,054,319 Revenue 2022: € 9,054,319 ▲ 37% vs 2021 (€ 6,590,109) Favourable step	€ 6,699,115 Revenue 2023: € 6,699,115 ▼ 26% vs 2022 (€ 9,054,319) Unfavourable step	€ 3,039,606 Revenue 2024: € 3,039,606 ▼ 55% vs 2023 (€ 6,699,115) Unfavourable step	▼ 55%
Profit after taxes	€ 47,052 Profit after taxes 2021: € 47,052 First fiscal year in the series	€ 23,798 Profit after taxes 2022: € 23,798 ▼ 49% vs 2021 (€ 47,052) Unfavourable step	€ -214,154 Profit after taxes 2023: € -214,154 ▼ € 237,952 vs 2022 (€ 23,798) Unfavourable step	€ -1,801,086 Profit after taxes 2024: € -1,801,086 ▼ € 1.6 million vs 2023 (€ -214,154) Unfavourable step	▼ € 1.6 million
Equity	€ 726,370 Equity 2021: € 726,370 First fiscal year in the series	€ 750,169 Equity 2022: € 750,169 ▲ 3% vs 2021 (€ 726,370) Favourable step	€ 536,016 Equity 2023: € 536,016 ▼ 29% vs 2022 (€ 750,169) Unfavourable step	€ -1,265,070 Equity 2024: € -1,265,070 ▼ € 1.8 million vs 2023 (€ 536,016) Unfavourable step	▼ € 1.8 million
Total debts	€ 4,492,624 Total debts 2021: € 4,492,624 First fiscal year in the series	€ 3,861,750 Total debts 2022: € 3,861,750 ▼ 14% vs 2021 (€ 4,492,624) Favourable step	€ 4,266,356 Total debts 2023: € 4,266,356 ▲ 10% vs 2022 (€ 3,861,750) Unfavourable step	€ 5,268,875 Total debts 2024: € 5,268,875 ▲ 23% vs 2023 (€ 4,266,356) Unfavourable step	▲ 23%
Cash	€ 19,740 Cash 2021: € 19,740 First fiscal year in the series	€ 67,408 Cash 2022: € 67,408 ▲ 241% vs 2021 (€ 19,740) Favourable step	€ 22,472 Cash 2023: € 22,472 ▼ 67% vs 2022 (€ 67,408) Unfavourable step	€ 12,727 Cash 2024: € 12,727 ▼ 43% vs 2023 (€ 22,472) Unfavourable step	▼ 43%
Land & buildings	€ 221,225 Land & buildings 2021: € 221,225 First fiscal year in the series	€ 169,094 Land & buildings 2022: € 169,094 ▼ 24% vs 2021 (€ 221,225) Unchanged	€ 116,964 Land & buildings 2023: € 116,964 ▼ 31% vs 2022 (€ 169,094) Unchanged	€ 64,870 Land & buildings 2024: € 64,870 ▼ 45% vs 2023 (€ 116,964) Unchanged	▼ 45%
Retained profit	€ -798,630 Retained profit 2021: € -798,630 First fiscal year in the series	€ -774,831 Retained profit 2022: € -774,831 ▲ € 23,799 vs 2021 (€ -798,630) Favourable step	€ -988,984 Retained profit 2023: € -988,984 ▼ € 214,153 vs 2022 (€ -774,831) Unfavourable step	€ -2,790,070 Retained profit 2024: € -2,790,070 ▼ € 1.8 million vs 2023 (€ -988,984) Unfavourable step	▼ € 1.8 million
Bank debt	€ 1,627,015 Bank debt 2021: € 1,627,015 First fiscal year in the series	€ 1,481,502 Bank debt 2022: € 1,481,502 ▼ 9% vs 2021 (€ 1,627,015) Favourable step	€ 895,119 Bank debt 2023: € 895,119 ▼ 40% vs 2022 (€ 1,481,502) Favourable step	€ 2,260,726 Bank debt 2024: € 2,260,726 ▲ 153% vs 2023 (€ 895,119) Unfavourable step	▲ 153%
Balance sheet total	€ 5,218,994 Balance sheet total 2021: € 5,218,994 First fiscal year in the series	€ 4,611,919 Balance sheet total 2022: € 4,611,919 ▼ 12% vs 2021 (€ 5,218,994) Unchanged	€ 4,802,372 Balance sheet total 2023: € 4,802,372 ▲ 4% vs 2022 (€ 4,611,919) Unchanged	€ 4,003,804 Balance sheet total 2024: € 4,003,804 ▼ 17% vs 2023 (€ 4,802,372) Unchanged	▼ 17%
Employees (FTE)	45.9 Employees (FTE) 2021: 45.9 First fiscal year in the series	43 Employees (FTE) 2022: 43 ▼ 2.9 vs 2021 (45.9) Unchanged	41.8 Employees (FTE) 2023: 41.8 ▼ 1.2 vs 2022 (43) Unchanged	35.3 Employees (FTE) 2024: 35.3 ▼ 6.5 vs 2023 (41.8) Unchanged	▼ 6.5

Key figures of Genisol, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to Genisol?

What happened at Genisol in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Genisol is active according to the CBE. Legal situation: Opening faillissement.

2027 Fedrac NV stepped down as director. NBB
2027 Francois Goubau stepped down as director. NBB
Aug 1, 2025 New annual accounts for financial year 2024: loss of € 1.8 million. filed late Source: NBB ↗
Jan 1, 1982 New establishment in Evergem. KBO
Nov 6, 1981 Start of the company according to the CBE. KBO

In short

From € 47,052 profit in 2021 to € 1.8 million loss in 2024.

Paid € 6,278 in corporate taxes since 2021.

Best year ever: 2021, with € 47,052 profit.

Original PDFs at the National Bank ↗

Management

Fedrac 99.1%

Francois Goubau 0.9%

Genisol

The shares are held by Fedrac (99.1%) and Francois Goubau (0.9%).

Directors

According to the 2024 annual accounts

Fedrac NV

Director · represented by François Goubau

Also active at: CANHOUSE

· until 2027

Francois Goubau

Director

Owns 0.9% directly

Also active at: FEDRAC, CANHOUSE, JAVELIN SAILING PROMOTION

· until 2027

Shareholders

Fedrac

99.1%

Francois Goubau · director

0.9%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rabotstraat 113

9940 Evergem

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

CANHOUSE same network

€ 640,026 gross margin · 2024

Tijdelijke Maatschap Genisol - Generiek Architects

DOMUSTEAM VAT GROUP

Domus Team

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0422.099.854

VAT number

BE 0422.099.854

Registered office

Rabotstraat 113, 9940 Evergem

Names & denominations

Genisol

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Opening faillissement

Start date

6 November 1981

Peppol

Active · Active since 29 Dec 2025

Activities · NACE

Installatie van isolatie

Isolatiewerkzaamheden

Overige werkzaamheden in verband met de afwerking van gebouwen

Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen

Schilderen van gebouwen

Groothandel in bouwmaterialen, algemeen assortiment

Schrijnwerk

Schrijnwerk van hout of van kunststof

View on CBE Public ↗ Annual accounts (NBB) ↗

Genisol

Warning lights

Financials

What happened to Genisol?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions