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.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
GENTHO GROUP from Ciney, company number BE0679709187, closed financial year 2025 with a result of € -370,322 after tax. For that financial year GENTHO GROUP recorded a gross margin of € -10,365 and equity of € -228,626. Compared with financial year 2024, the result moved from € -136,180 to € -370,322. 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 10, 2026.
€ -228,626
▼ € 370,322 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -370,322
▼ 172 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3,435
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -570,625.
People and assets in 2025
€ 37,826
▲ 102% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4 million
▼ 13% vs 2024
€ 217,571 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 64,580
▼ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,175
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 | € -429,939 | € 20,523 | € 26,524 | € -10,365 | ▼ € 36,888 |
| Profit after taxes | € -130,827 | € -114,234 | € -136,180 | € -370,322 | ▼ € 234,143 |
| Equity | € 392,110 | € 277,877 | € 141,697 | € -228,626 | ▼ € 370,322 |
| Total debts | € 1,850,886 | € 4,114,773 | € 6,023,195 | € 6,140,047 | ▲ 2% |
| Cash | € 29,611 | € 14,854 | € 58,750 | € 3,435 | ▼ 94% |
| Land & buildings | - | - | - | € 3,691 | |
| Retained profit | € -127,890 | € -242,123 | € -378,303 | € -570,625 | ▼ € 192,321 |
| Bank debt | € 1,166,795 | € 2,753,792 | € 4,572,952 | € 3,967,260 | ▼ 13% |
| Balance sheet total | € 2,242,996 | € 4,392,650 | € 6,164,892 | € 5,911,422 | ▼ 4% |
Key figures of GENTHO GROUP, 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 GENTHO GROUP?
What happened at GENTHO GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 370,322. filed late Source: NBB ↗
- KQM SRL stepped down as director. NBB
- CGD SRL stepped down as director. NBB
- KQM SRL became a director. NBB
- CGD SRL became a director. NBB
- New establishment in Ciney. KBO
- Start of the company according to the CBE. KBO
In short
From € 130,827 loss in 2022 to € 370,322 loss in 2025.
Paid € 230 in corporate taxes since 2022.
Management
The stake of MAP MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GENTHO GROUPBehind GENTHO GROUP is Gérald ENTHOVEN. The shares are held by MAP MANAGEMENT (17%). It owns 100% of STARSAVOR GROUP and 100% of CONDROZ GIBIER itself.
Directors
According to the 2025 annual accounts
Gérald ENTHOVEN
Director
Also active at: STARSAVOR GROUP, SOCARDENNE ALIMENTATION, 17 Allée des Artisans, GJPE Consult, 21 RUE D'ARLON
since 2025 · until 2026
Shareholders
17%
Participations
100%
100%
Establishments
Establishment units
Physical locations of this company
Allée des Artisans 17
5590 Ciney
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
- 0679.709.187
- VAT number
- BE 0679.709.187
- Registered office
- Allée des Artisans 17, 5590 Ciney
- Names & denominations
- GENTHO GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 August 2017
- Peppol
- Active · Active since 31 Mar 2026
- Activities · NACE
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