NORMAL SITUATION

TrueGEN

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Financial year 2024 · closed on 31/12/2024

Net result

186,6 k €

+121.8% YoY

Gross margin

2,5 M €

+113.6% YoY

Equity

-415,3 k €

+31.0% YoY

Workforce

25,8 ETP

+16.7% YoY

Company — Normal situation.

What does TrueGEN do?

TrueGEN is a company registered in Belgium. It employs on average 25,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0838.575.193

Legal form

Private limited company

Contributed capital

14 504,28 €

Latest accounts

31/12/2024

Average workforce

25,8 ETP

Joint committees (2)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	2,5 M €	+114%	1,2 M €	-17.9%	1,4 M €	+43.8%	1 M €	-14.3%	1,2 M €	-15.9%	1,4 M €	+57.2%	887,7 k €	+27.1%	698,2 k €	+85.8%	375,9 k €	+13.6%	331 k €	+36.6%	242,4 k €	+71.5%	141,3 k €	+60.5%	88,1 k €
EBITDA	335,4 k €	+144%	-758,2 k €	-400%	252,4 k €	+92.4%	131,2 k €	-47.8%	251,2 k €	-63.0%	678,9 k €	+120%	309,2 k €	+29.9%	237,9 k €	+1318%	-19,5 k €	-136%	54,3 k €	-56.7%	125,4 k €	+179%	45 k €	-5.9%	47,8 k €
Operating result	244,3 k €	+129%	-855,3 k €	-507%	210,3 k €	+110%	100,3 k €	-48.6%	195,3 k €	-68.9%	628 k €	+139%	262,4 k €	+30.5%	201,2 k €	+452%	-57,1 k €	-584%	11,8 k €	-80.7%	61,1 k €	+92.2%	31,8 k €	-13.1%	36,6 k €
Net result	186,6 k €	+122%	-854,5 k €	-953%	100,2 k €	+3202%	-3,2 k €	-103%	117,6 k €	-73.6%	446,1 k €	+238%	131,9 k €	-14.0%	153,3 k €	+251%	-101,3 k €	-83.4%	-55,2 k €	-281%	30,5 k €	+27.6%	23,9 k €	+17.2%	20,4 k €
Balance sheet
Equity	-415,3 k €	+31.0%	-602 k €	-338%	252,6 k €	+65.7%	152,4 k €	-54.4%	334 k €	+20.8%	276,4 k €	+112%	130,3 k €	+1182%	10,2 k €	+108%	-123,1 k €	-464%	-21,8 k €	-165%	33,4 k €	+19.8%	27,9 k €	+16.3%	24 k €
Total assets	7,7 M €	-14.0%	8,9 M €	+12.1%	7,9 M €	+192%	2,7 M €	+63.0%	1,7 M €	-1.7%	1,7 M €	+27.9%	1,3 M €	+10.5%	1,2 M €	+22.2%	982,1 k €	+11.8%	878,4 k €	+15.3%	762 k €	+173%	279,4 k €	+2.0%	274 k €
Cash	48,9 k €	-89.1%	448,9 k €	-70.2%	1,5 M €	+104%	739 k €	+9.7%	673,5 k €	+2.6%	656,6 k €	+35.2%	485,5 k €	+182%	172,3 k €	+41.1%	122,1 k €	+48.3%	82,3 k €	-55.1%	183,4 k €	+555%	28 k €	-15.0%	33 k €
Debts	1,5 M €	-56.6%	3,5 M €	+5.7%	3,3 M €	+282%	873,7 k €	-34.0%	1,3 M €	-5.2%	1,4 M €	+16.9%	1,2 M €	+0.5%	1,2 M €	+7.6%	1,1 M €	+24.0%	891,1 k €	+22.3%	728,6 k €	+191%	250 k €	+0.0%	250 k €
Other
Workforce	25,8 ETP	+16.7%	22,1 ETP	+22.8%	18,0 ETP	+24.1%	14,5 ETP	-0.7%	14,6 ETP	+27.0%	11,5 ETP	+8.5%	10,6 ETP	+29.3%	8,2 ETP	+10.8%	7,4 ETP	+34.5%	5,5 ETP	+66.7%	3,3 ETP	+43.5%	2,3 ETP	+360%	0,5 ETP

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 8 ended

Active mandates

Alshain

Director · since 14 février 2022 · 0715.660.357

Represented by Louis Sabbe

Active

QUIDAM

Director · since 14 février 2022 · 0826.096.639

Represented by Rik Vandemoortele

Active

Sofie Prosperi

Director · since 14 février 2022

Active

Ended mandates

Alshain

Director · since 22 février 2022 · 0715.660.357

Represented by Louis Sabbe

Ended

QUIDAM

Director · since 22 février 2022 · 0826.096.639

Represented by Rik Vandemoortele

Ended

Sofie Prosperi

Manager · since 16 août 2011

Ended

Steven Van Loo

Manager · since 16 août 2011

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/06/2025	09/12/2024	05/05/2023	14/07/2022	31/08/2021	08/09/2020
General meeting	23/04/2025	27/06/2024	06/04/2023	24/06/2022	30/06/2021	12/08/2020
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	23/04/2025	19/06/2025	Dutch	PDF
Abridged modelCorrection	31/12/2023	27/06/2024	09/12/2024	Dutch	PDF
Abridged model	31/12/2023	27/06/2024	22/07/2024	Dutch	PDF
Abridged model	31/12/2022	06/04/2023	05/05/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	14/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	12/08/2020	08/09/2020	Dutch	PDF
Abridged model	31/12/2018	12/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	13/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	14/06/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	08/06/2016	06/10/2016	Dutch	PDF
Abridged model	31/12/2014	10/06/2015	08/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	11/07/2014	Dutch	PDF
Abridged model	31/12/2012	12/06/2013	17/06/2013	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2024 · 3 active · 8 ended

Active mandates

Alshain

Director · since 14 février 2022 · 0715.660.357

Represented by Louis Sabbe

Active

QUIDAM

Director · since 14 février 2022 · 0826.096.639

Represented by Rik Vandemoortele

Active

Sofie Prosperi

Director · since 14 février 2022

Active

Ended mandates

Alshain

Director · since 22 février 2022 · 0715.660.357

Represented by Louis Sabbe

Ended

QUIDAM

Director · since 22 février 2022 · 0826.096.639

Represented by Rik Vandemoortele

Ended

Sofie Prosperi

Manager · since 16 août 2011

Ended

Steven Van Loo

Manager · since 16 août 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution26/09/2025
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring23/06/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates08/04/2025
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 2024186,6 k €↑
2023
Annual accounts 2023-854,5 k €↓
2022
Annual accounts 2022100,2 k €↑
2021
Annual accounts 2021-3,2 k €↓
2020
Annual accounts 2020117,6 k €↓
2019
Annual accounts 2019446,1 k €↑
2018
Annual accounts 2018131,9 k €↓
2017
Annual accounts 2017153,3 k €↑
2016
Annual accounts 2016-101,3 k €↓
2015
Annual accounts 2015-55,2 k €↓
2014
Annual accounts 201430,5 k €↑
2013
Annual accounts 201323,9 k €↑
2012
Annual accounts 201220,4 k €

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

TrueGEN

Overview

What does TrueGEN do?

Trend over 13 financial years

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