ACTIVE

GENABEL

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Financial year 2025 · closed on 31/12/2025

Net result

-255,1 €

+98.3% YoY

Gross margin

158,7 k €

+18.9% YoY

Equity

551,2 k €

-0.0% YoY

What does GENABEL do?

GENABEL is a Public limited company incorporated in 1986. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.071.175

Incorporation

18/12/1986

Legal form

Public limited company

Registered office

Boulevard Frère-Orban 41
4000 Liège · WallonieSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	158,7 k €	+18.9%	133,5 k €	+14.7%	116,4 k €	-18.8%	143,4 k €	+33.8%	107,1 k €	+38.3%	77,4 k €	-33.4%	116,2 k €	+2.5%	113,3 k €	-1.2%	114,7 k €	+17.5%	97,6 k €	+28.9%	75,7 k €	-11.5%	85,5 k €	+10.6%	77,3 k €	+17.1%	66 k €	+37.9%	47,9 k €	-41.9%	82,5 k €	+17.8%	70 k €	-10.9%	78,6 k €	+11.9%	70,2 k €	+5.5%	66,5 k €
EBITDA	127,3 k €	+17.7%	108,1 k €	+26.5%	85,5 k €	-29.3%	120,9 k €	+39.6%	86,6 k €	+57.1%	55,1 k €	-42.1%	95,2 k €	+1.1%	94,1 k €	-2.1%	96,1 k €	+11.0%	86,6 k €	+41.5%	61,2 k €	-19.7%	76,1 k €	+13.9%	66,8 k €	+18.4%	56,4 k €	+52.0%	37,1 k €	-32.8%	55,2 k €	-7.6%	59,8 k €	-12.6%	68,3 k €	+11.4%	61,3 k €	-34.3%	93,3 k €
Operating result	36 k €	+39.3%	25,9 k €	+85.7%	13,9 k €	-73.8%	53,2 k €	+121%	24,1 k €	+629%	-4,6 k €	-114%	32,5 k €	-14.8%	38,2 k €	-15.1%	45 k €	+10.5%	40,7 k €	+35.5%	30 k €	-35.1%	46,2 k €	+20.2%	38,5 k €	+15.9%	33,2 k €	+167%	-49,9 k €	-232%	37,7 k €	+58.3%	23,8 k €	-38.2%	38,5 k €	+14.0%	33,8 k €	-50.1%	67,7 k €
Net result	-255,1 €	+98.3%	-15 k €	-0.2%	-15 k €	-161%	24,5 k €	+28.0%	19,1 k €	+532%	-4,4 k €	-119%	23,5 k €	-10.0%	26,1 k €	-11.8%	29,6 k €	+10.7%	26,7 k €	+12.9%	23,7 k €	-35.9%	37 k €	-3.2%	38,2 k €	+14.0%	33,5 k €	+168%	-49,6 k €	-266%	29,9 k €	+54.2%	19,4 k €	-41.3%	33 k €	+30.0%	25,4 k €	-52.9%	53,9 k €
Balance sheet
Equity	551,2 k €	-0.0%	551,5 k €	-2.7%	566,6 k €	-2.6%	581,6 k €	+0.8%	576,9 k €	+3.4%	557,8 k €	-0.8%	562,2 k €	+4.4%	538,7 k €	+5.1%	512,6 k €	+6.1%	483 k €	+5.9%	456,2 k €	+5.5%	432,5 k €	+9.3%	395,5 k €	+10.7%	357,3 k €	+10.4%	323,8 k €	-13.3%	373,4 k €	+8.7%	343,6 k €	+6.0%	324,2 k €	+11.3%	291,2 k €	+9.5%	265,9 k €
Total assets	1,1 M €	-1.2%	1,1 M €	+1.5%	1,1 M €	-0.8%	1,1 M €	+1.3%	1,1 M €	+1.9%	1,1 M €	-0.3%	1,1 M €	+1.8%	1,1 M €	+1.6%	1,1 M €	+4.8%	1 M €	+3.3%	983,5 k €	+2.8%	956,4 k €	+5.3%	908,1 k €	+3.7%	876,1 k €	+0.5%	872,2 k €	+106%	422,6 k €	-19.1%	522,2 k €	+36.2%	383,3 k €	+6.8%	359 k €	+8.8%	330 k €
Cash	119,8 k €	+66.8%	71,8 k €	-31.5%	104,9 k €	-48.9%	205,1 k €	+9.4%	187,4 k €	+7.6%	174,1 k €	+8.2%	160,9 k €	-2.3%	164,6 k €	-8.5%	179,9 k €	+7.2%	167,8 k €	-37.2%	267,2 k €	+15.1%	232,1 k €	+32.3%	175,5 k €	+11.0%	158 k €	+23.6%	127,9 k €	+36.8%	93,4 k €	-64.6%	264,2 k €	+96.8%	134,2 k €	+21.6%	110,4 k €	+64.0%	67,3 k €
Debts	572,3 k €	-2.4%	586,4 k €	+5.4%	556,6 k €	+0.9%	551,9 k €	+1.8%	541,9 k €	+0.3%	540,1 k €	+0.3%	538,3 k €	+1.4%	530,8 k €	-3.7%	551 k €	+3.5%	532,4 k €	+1.0%	527,3 k €	+0.7%	523,9 k €	+2.2%	512,5 k €	-1.2%	518,7 k €	-5.4%	548,3 k €	+1016%	49,1 k €	-72.3%	177,1 k €	+207%	57,6 k €	-12.6%	66 k €	+5.6%	62,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 31 ended

Active mandates

Axelle Pintiaux

Managing director

Active

Christian François Kairis

Director

Active

Ended mandates

Axelle PINTIAUX

Managing director · since 09 décembre 2021 · until 09 décembre 2027

Ended

Charles KAIRIS

Director · since 09 décembre 2021 · until 09 décembre 2027

Ended

Christian François KAIRIS

Director · since 09 décembre 2021 · until 09 décembre 2027

Ended

Pierre KAIRIS

Director · since 09 décembre 2021 · until 09 décembre 2027

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/06/2026	22/05/2025	28/05/2024	22/06/2023	03/06/2022	28/05/2021
General meeting	28/05/2026	22/05/2025	23/05/2024	25/05/2023	27/05/2022	27/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	28/05/2026	08/06/2026	French	PDF
Micro model	31/12/2024	22/05/2025	22/05/2025	French	PDF
Micro model	31/12/2023	23/05/2024	28/05/2024	French	PDF
Micro model	31/12/2022	25/05/2023	22/06/2023	French	PDF
Micro model	31/12/2021	27/05/2022	03/06/2022	French	PDF
Micro model	31/12/2020	27/05/2021	28/05/2021	French	PDF
Micro model	31/12/2019	26/05/2020	29/05/2020	French	PDF
Micro model	31/12/2018	23/05/2019	28/05/2019	French	PDF
Micro model	31/12/2017	24/05/2018	05/06/2018	French	PDF
Micro model	31/12/2016	26/05/2017	29/05/2017	French	PDF
Abridged model	31/12/2015	26/05/2016	06/06/2016	French	PDF
Abridged model	31/12/2014	28/05/2015	03/06/2015	French	PDF
Abridged model	31/12/2013	22/05/2014	27/05/2014	French	PDF
Abridged model	31/12/2012	23/05/2013	31/05/2013	French	PDF
Abridged model	31/12/2011	24/05/2012	30/05/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	30/05/2011	French	PDF
Abridged model	31/12/2009	27/05/2010	31/05/2010	French	PDF
Abridged model	31/12/2008	28/05/2009	04/06/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	09/06/2008	French	PDF
Abridged model	31/12/2006	24/05/2007	30/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 31 ended

Active mandates

Axelle Pintiaux

Managing director

Active

Christian François Kairis

Director

Active

Ended mandates

Axelle PINTIAUX

Managing director · since 09 décembre 2021 · until 09 décembre 2027

Ended

Charles KAIRIS

Director · since 09 décembre 2021 · until 09 décembre 2027

Ended

Christian François KAIRIS

Director · since 09 décembre 2021 · until 09 décembre 2027

Ended

Pierre KAIRIS

Director · since 09 décembre 2021 · until 09 décembre 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates13/12/2021
DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2016
DEMISSIONS, NOMINATIONS
PDF
Registered office09/01/2012
SIEGE SOCIAL - CAPITAL, ACTIONS
PDF
Mandates03/10/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates25/06/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates10/09/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates20/10/2005
DEMISSIONS, NOMINATIONS - CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-255,1 €↑
2024
Annual accounts 2024-15 k €↓
2023
Annual accounts 2023-15 k €↓
2022
Annual accounts 202224,5 k €↑
2021
Annual accounts 202119,1 k €↑
2020
Annual accounts 2020-4,4 k €↓
2019
Annual accounts 201923,5 k €↓
2018
Annual accounts 201826,1 k €↓
2017
Annual accounts 201729,6 k €↑
2016
Annual accounts 201626,7 k €↑
2015
Annual accounts 201523,7 k €↓
2014
Annual accounts 201437 k €↓
2013
Annual accounts 201338,2 k €↑
2012
Annual accounts 201233,5 k €↑
2011
Annual accounts 2011-49,6 k €↓
2010
Annual accounts 201029,9 k €↑
2009
Annual accounts 200919,4 k €↓
2008
Annual accounts 200833 k €↑
2007
Annual accounts 200725,4 k €↓
2006
Annual accounts 200653,9 k €
18/12/1986
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GENABEL

Overview

What does GENABEL do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline