Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GENICO from Gistel, company number BE0437047752, closed financial year 2025 with a result of € -9,673 after tax. For that financial year GENICO recorded a gross margin of € 62,114 and equity of € 66,171. Compared with financial year 2024, the result moved from € 7,472 to € -9,673. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 21, 2026.
€ 66,171
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,673
▼ still € 7,472 profit in 2024
Profit after tax over the fiscal year.
€ 16,190
▼ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -114,088.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 257
▼ 67% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 13,912
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,791
▼ 54% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 14,370 | € 28,931 | € 69,940 | € 62,114 | ▼ 11% |
| Profit after taxes | € -34,004 | € -24,709 | € 7,472 | € -9,673 | ▼ € 17,145 |
| Equity | € 93,081 | € 68,372 | € 75,844 | € 66,171 | ▼ 13% |
| Total debts | € 2,024,300 | € 1,865,420 | € 2,114,792 | € 2,083,549 | ▼ 1% |
| Cash | € 7,924 | € 8,029 | € 33,166 | € 16,190 | ▼ 51% |
| Land & buildings | € 1,654,223 | € 1,636,624 | € 1,642,307 | € 1,614,766 | ▼ 2% |
| Retained profit | € -87,178 | € -111,886 | € -104,415 | € -114,088 | ▼ € 9,673 |
| Balance sheet total | € 2,141,511 | € 1,952,561 | € 2,204,042 | € 2,157,765 | ▼ 2% |
Key figures of GENICO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GENICO?
What happened at GENICO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,673 (▼ € 17,145 vs 2024). filed late Source: NBB ↗
- New establishment in Gistel. KBO
- Start of the company according to the CBE. KBO
In short
From € 34,004 loss in 2022 to € 9,673 loss in 2025.
Best year ever: 2024, with € 7,472 profit.
Management
Behind GENICO is Geni BV. The shares are held by Geni (100%).
Directors
According to the 2025 annual accounts
Director · represented by Nico Provoost
Also active at: PROVOOST ROGER, CARRY FLOR, GWNÏO, MEGAPLANT, VELDHOVE
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zevekoteheirweg 93
8470 Gistel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.047.752
- VAT number
- BE 0437.047.752
- Registered office
- Zevekoteheirweg 93, 8470 Gistel
- Names & denominations
- GENICO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 March 1989
- Peppol
- Active · Active since 18 Jun 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen