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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GEN from Moorslede, company number BE0448370226, closed financial year 2025 with a result of € 22,028 after tax. For that financial year GEN recorded a gross margin of € 22,094 and equity of € -388,060. Compared with financial year 2024, the result moved from € 14,797 to € 22,028. Profitable, and profit is growing. 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 June 26, 2026.
€ -388,060
▲ € 22,028 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,028
▲ 49% vs 2024
Profit after tax over the fiscal year.
€ 38
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.2 million.
Debts at end 2025
€ 508,000
Loans from banks and other lenders, long and short.
€ 528
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,624 | € 2,225 | € 14,864 | € 22,094 | ▲ 49% |
| Profit after taxes | € -1,838 | € 2,171 | € 14,797 | € 22,028 | ▲ 49% |
| Equity | € -427,056 | € -424,885 | € -410,088 | € -388,060 | ▲ € 22,028 |
| Total debts | € 598,526 | € 590,793 | € 573,059 | € 541,174 | ▼ 6% |
| Cash | € 515 | € 532 | € 561 | € 38 | ▼ 93% |
| Retained profit | € -1,214,753 | € -1,212,582 | € -1,197,785 | € -1,175,757 | ▲ € 22,028 |
| Bank debt | € 508,000 | € 508,000 | € 508,000 | € 508,000 | |
| Balance sheet total | € 171,470 | € 165,907 | € 162,971 | € 153,113 | ▼ 6% |
Key figures of GEN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 July 2027.
What happened to GEN?
What happened at GEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,028 (▲ 49% vs 2024). Source: NBB ↗
- Gen Financial Services BV became a director. NBB
- Gen Patrimonial Services BV became a director. NBB
- New establishment in Gistel. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,838 loss in 2022 to € 22,028 profit in 2025.
Best year ever: 2025, with € 22,028 profit.
Management
Behind GEN are Gen Financial Services BV and Gen Patrimonial Services BV.
Directors
According to the 2025 annual accounts
Director · represented by Gino Vandersteen
since 2021
Director · represented by Gino Vandersteen
since 2021
Establishments
Establishment units
Physical locations of this company
Breulstraat 104A
8890 Moorslede
Zevekotestraat 68 box 1
8470 Gistel
Active since 3 November 1992
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.370.226
- VAT number
- BE 0448.370.226
- Registered office
- Breulstraat 104A, 8890 Moorslede
- Names & denominations
- GEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 September 1992
- Peppol
- Active · Active since 31 Mar 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen