ACTIVE

GEN3

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Financial year 2025 · closed on 30/09/2025

Net result

11,9 k €

+47.2% YoY

Gross margin

128,1 k €

+4.3% YoY

Equity

1,2 M €

+1.0% YoY

What does GEN3 do?

GEN3 is a Partnership limited by shares incorporated in 2003. Its main activity is: Buying and selling of own real estate. Its registered office is in Dendermonde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.636.854

Incorporation

22/09/2003

Legal form

Partnership limited by shares

Registered office

Sint-Gillislaan (STG) 94
9200 Dendermonde · FlandreSee on map

Contributed capital

621 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 64200Activities of holding companies 64210Activities of holding companies 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate+4

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	128,1 k €	+4.3%	122,8 k €	+2.7%	119,6 k €	+5.5%	113,4 k €	-17.0%	136,7 k €	+33.2%	102,6 k €	-27.0%	140,6 k €	+6.9%	131,5 k €	-19.0%	162,4 k €	+32.8%	122,3 k €	-13.9%	142 k €	+7.0%	132,7 k €	-7.9%	144,1 k €	-1.9%	146,9 k €	+26.0%	116,6 k €	-19.5%	144,7 k €	+113%	67,8 k €	-34.4%	103,3 k €	+40.4%	73,6 k €
EBITDA	100 k €	+1.4%	98,6 k €	+10.6%	89,1 k €	-5.5%	94,3 k €	-5.5%	99,8 k €	-1.3%	101,1 k €	-17.8%	123,1 k €	+17.8%	104,5 k €	-20.1%	130,7 k €	+7.9%	121,2 k €	-3.1%	125 k €	+7.3%	116,5 k €	-11.7%	131,9 k €	-3.0%	136 k €	+25.5%	108,4 k €	-20.3%	136 k €	+116%	62,9 k €	-37.9%	101,3 k €	+39.8%	72,5 k €
Operating result	31,2 k €	+2.7%	30,4 k €	+44.9%	21 k €	-16.6%	25,2 k €	-18.0%	30,7 k €	-2.2%	31,4 k €	-41.2%	53,3 k €	+53.6%	34,7 k €	-44.4%	62,4 k €	+18.0%	52,9 k €	-8.0%	57,5 k €	+17.4%	49 k €	-24.5%	64,9 k €	-5.9%	69 k €	+36.5%	50,6 k €	-28.5%	70,7 k €	+4753%	-1,5 k €	-102%	93,2 k €	+46.0%	63,9 k €
Net result	11,9 k €	+47.2%	8,1 k €	+1328%	564,1 €	-83.9%	3,5 k €	-22.0%	4,5 k €	-31.8%	6,6 k €	-72.9%	24,3 k €	+143%	10 k €	-62.3%	26,5 k €	+100%	13,2 k €	+53.4%	8,6 k €	-3.5%	8,9 k €	-96.6%	259,7 k €	+584%	38 k €	+3529%	1 k €	+101%	-81,2 k €	-226%	-24,9 k €	-148%	51,4 k €	+46.9%	35 k €
Balance sheet
Equity	1,2 M €	+1.0%	1,2 M €	+0.7%	1,1 M €	+0.0%	1,1 M €	+0.3%	1,1 M €	+0.4%	1,1 M €	+0.6%	1,1 M €	+2.2%	1,1 M €	+0.9%	1,1 M €	+2.5%	1,1 M €	+1.2%	1,1 M €	+0.8%	1,1 M €	+0.9%	1 M €	+33.2%	781,3 k €	+5.1%	743,4 k €	+0.1%	742,3 k €	+27.4%	582,5 k €	-4.1%	607,3 k €	+9.3%	555,9 k €
Total assets	1,4 M €	-4.8%	1,5 M €	-4.2%	1,6 M €	-3.2%	1,6 M €	-4.2%	1,7 M €	-3.6%	1,7 M €	-1.0%	1,8 M €	-2.1%	1,8 M €	-3.3%	1,9 M €	-2.1%	1,9 M €	-3.0%	2 M €	-3.3%	2 M €	-3.3%	2,1 M €	-3.2%	2,2 M €	+6.8%	2 M €	+29.6%	1,6 M €	+17.6%	1,3 M €	+37.7%	963,3 k €	-1.8%	981,3 k €
Cash	5 k €	-59.0%	12,2 k €	-67.1%	37 k €	+194%	12,6 k €	+13.4%	11,1 k €	-88.0%	92,5 k €	+1881%	4,7 k €	-77.6%	20,8 k €	-44.3%	37,3 k €	+289%	9,6 k €	-63.3%	26,2 k €	+0.6%	26 k €	-33.2%	39 k €	+143%	16,1 k €	+8.3%	14,8 k €	+138%	6,2 k €	+201%	2,1 k €	+30.7%	1,6 k €	-79.5%	7,8 k €
Debts	246,3 k €	-25.0%	328,4 k €	-15.4%	388,1 k €	-15.5%	459,1 k €	-13.7%	531,8 k €	-10.3%	592,8 k €	-5.0%	623,9 k €	-9.1%	686,6 k €	-9.4%	758,1 k €	-6.5%	810,8 k €	-9.6%	896,7 k €	-7.7%	971,6 k €	-7.5%	1,1 M €	-23.8%	1,4 M €	+7.8%	1,3 M €	+56.3%	818 k €	+10.0%	743,6 k €	+109%	355,3 k €	-16.3%	424,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

Jessy Moernaut

Manager · since 28 août 2003

Active

Ended mandates

JESSY MOERNAUT

Administrator - manager

Ended

JESSY MOERNAUT

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Moernaut● Active	0421.077.889

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	30/04/2025	15/03/2024	21/03/2023	28/02/2022	12/04/2021
General meeting	30/03/2026	31/03/2025	26/02/2024	27/02/2023	28/02/2022	15/03/2021
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
Abridged model	30/09/2025	30/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	26/02/2024	15/03/2024	Dutch	PDF
Abridged model	30/09/2022	27/02/2023	21/03/2023	Dutch	PDF
Abridged model	30/09/2021	28/02/2022	28/02/2022	Dutch	PDF
Abridged model	30/09/2020	15/03/2021	12/04/2021	Dutch	PDF
Abridged model	30/09/2019	24/02/2020	04/03/2020	Dutch	PDF
Abridged model	30/09/2018	25/02/2019	22/03/2019	Dutch	PDF
Abridged model	30/09/2017	26/02/2018	20/03/2018	Dutch	PDF
Abridged model	30/09/2016	27/02/2017	15/03/2017	Dutch	PDF
Abridged model	30/09/2015	29/02/2016	22/03/2016	Dutch	PDF
Abridged model	30/09/2014	28/02/2015	03/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/02/2014	10/03/2014	Dutch	PDF
Abridged model	30/09/2012	28/02/2013	08/03/2013	Dutch	PDF
Abridged model	30/09/2011	28/02/2012	20/03/2012	Dutch	PDF
Abridged model	30/09/2010	28/02/2011	18/03/2011	Dutch	PDF
Abridged model	30/09/2009	22/02/2010	24/02/2010	Dutch	PDF
Abridged model	30/09/2008	23/02/2009	02/03/2009	Dutch	PDF
Abridged model	30/09/2007	25/02/2008	28/02/2008	Dutch	PDF
Abridged model	30/09/2006	26/02/2007	28/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/09/2025 · 1 active · 2 ended

Active mandates

Jessy Moernaut

Manager · since 28 août 2003

Active

Ended mandates

JESSY MOERNAUT

Administrator - manager

Ended

JESSY MOERNAUT

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office25/01/2011
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares26/01/2010
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other29/09/2003
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202511,9 k €↑
2024
Annual accounts 20248,1 k €↑
2023
Annual accounts 2023564,1 €↓
2022
Annual accounts 20223,5 k €↓
2021
Annual accounts 20214,5 k €↓
2020
Annual accounts 20206,6 k €↓
2019
Annual accounts 201924,3 k €↑
2018
Annual accounts 201810 k €↓
2017
Annual accounts 201726,5 k €↑
2016
Annual accounts 201613,2 k €↑
2015
Annual accounts 20158,6 k €↓
2014
Annual accounts 20148,9 k €↓
2013
Annual accounts 2013259,7 k €↑
2012
Annual accounts 201238 k €↑
2011
Annual accounts 20111 k €↑
2010
Annual accounts 2010-81,2 k €↓
2009
Annual accounts 2009-24,9 k €↓
2008
Annual accounts 200851,4 k €↑
2007
Annual accounts 200735 k €
22/09/2003
IncorporationPartnership limited by shares

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

GEN3

Overview

What does GEN3 do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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