DE GROENE DREEF
ActiveSummary
DE GROENE DREEF has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69k and a net result of €9k. Equity is shrinking by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 5894 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-2
Solvency55▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.91 against 1.03 in 2023; short-term debt: 70% and cash: 13% of total assets), and 70% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
30%
Return on assets
4%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
20 d early
2022
54 d early
2021
69 d early
2020
26 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€69k▲ 6.4%
2023 · €65k
2018: €137k
2019: €138k
2020: €151k
2021: €28k
2022: €64k
2023: €65k
2018 → 2024
Total assets
€231k▲ 17.8%
2023 · €196k
2018: €236k
2019: €227k
2020: €340k
2021: €185k
2022: €197k
2023: €196k
2018 → 2024
Net result
€9k▼ 14.5%
2023 · €11k
2018: €-21k
2019: €258
2020: €13k
2021: €-11k
2022: €37k
2023: €11k
2018 → 2024
Working capital
€-14k
2023 · €4k
2018: €45k
2019: €45k
2020: €170k
2021: €32k
2022: €34k
2023: €4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€151k-€28k▼ 81.7%€64k▲ 134%€65k▲ 1.1%€69k▲ 6.4%
Operating result€15k-€-8k€46k€17k▼ 63.3%€14k▼ 17.4%
Net result€13k-€-11k€37k€11k▼ 71.0%€9k▼ 14.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €231k
Fixed assets
€84k ▼ 3.1%
Current assets
€147k ▲ 34.2%
Equity and liabilities €231k
Equity
€69k ▲ 6.4%
Debt
€162k ▲ 23.5%
Debt's share of the balance-sheet total rises from 66.8% to 70.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k▼
2023 · €20k
Cash flow
€12k▼
2023 · €13k
Current ratio
0.91▼
2023 · 1.03
Quick ratio
0.88▼
2023 · 0.98
Debt to equity
2.33▲
2023 · 2.01
ROE
13.2%▼
2023 · 16.4%
ROA
4.0%▼
2023 · 5.5%
Interest coverage
15.74▲
2023 · 13.19
Debt ≤ 1 year
€162k▲
2023 · €106k
Debt > 1 year
€0▼
2023 · €25k
Income taxes
€4k▼
2023 · €5k
Staff costs
€68k▼
2023 · €98k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€196k€231k▲
Fixed assets21/28€86k€84k▼
Tangible fixed assets22/27€86k€82k▼
Land and buildings22€74k€73k▼
Plant, machinery and equipment23€12k€9k▼
Financial fixed assets28€582€1k▲
Current assets29/58€110k€147k▲
Stocks and contracts in progress3€6k€4k▼
Stocks30/36€6k€4k▼
Amounts receivable within one year40/41€82k€113k▲
Trade receivables40€67k€108k▲
Other amounts receivable41€15k€5k▼
Cash at bank and in hand54/58€22k€30k▲
Equity and liabilities
Total equity and liabilities10/49€196k€231k▲
Equity10/15€65k€69k▲
Contributions10/11€6k€6k=
Reserves13€58k€58k=
Non-distributable reserves130/1€13k€13k=
Reserves not available under the articles1311€13k€13k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€703€5k▲
Amounts payable17/49€131k€162k▲
Amounts payable after more than one year17€25k€0▼
Financial debts170/4€25k€0▼
Amounts payable within one year42/48€106k€162k▲
Current portion of amounts payable after more than one year42€24k€25k▲
Trade debts44€55k€110k▲
Suppliers440/4€55k€110k▲
Taxes, remuneration and social security45€27k€11k▼
Taxes450/3€17k€4k▼
Remuneration and social security454/9€10k€7k▼
Other amounts payable47/48-€16k
Income statement
Code20232024
Remuneration, social security and pensions62€98k€68k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€122k€89k▼
Operating profit (loss)9901€17k€14k▼
Financial income75/76B€86€151▲
Recurring financial income75€86€151▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€16k€13k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€11k€9k▼
Profit (loss) for the period to be appropriated9905€11k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€10k▼
Profit (loss) brought forward from the previous period14P-€703
Profit to be distributed694/7€10k€5k▼
Return on contributions (dividend)694€10k€5k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €151k ▲9.5%
2 profitable years in a row build equity to €151k.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €258
Net result €258 after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kruisem · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Galgenstraat 29750 KruisemGround area
568 m²
Building footprint
568 m²
Volume, LiDAR
3,281 m³
Parcel 45036A0677/00B000, Flanders · tallest building 22.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DE GROENE DREEF
since 20022.095.789.819
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45036A0677/00B000 | Flanders | 568 m² | 1 · 568 m² | 22.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsGroenaanleg en –beheer duaal (so)
Tuinaanlegger-groenbeheerder duaal (so)
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Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,644 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2001
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
46220Wholesale trade
47761Retail sale of flowers, plants, seeds and fertilisers
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.