Greater Good

Active

Private limited companyfounded 200718 yrs activeMarkt 11, 8920 Langemark-Poelkapelle, BelgiumKBO/BCE: BE 0892.861.541

The computed 12-month bankruptcy probability of Greater Good is 1.8% (moderate). For Greater Good, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €27k and a net result of €-48k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 15869 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

No current score

Figures too old

The available figures for FY 2024 are too old to assess current financial health.

Filing: One filing cycle is missing

Axes, FY 2024 · tick = 2023

Profitability13▲+1

Solvency27▼-47

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

2.4%

Return on assets

-4.2%

Age of the figures

27 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts not filed

The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 229 days later.

NBB · 10 filings

Position against the passed deadline

30-06-2025 close31-01-2026 deadline17-09-2026 today

Filed after the deadline

The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 03-02-2025, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

3 d late

2023

1 d early

2022

9 d late

2021

on the day

2020

4 d early

2019

16 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€27k▼ 63.5%

2023 · €75k

2019: €-59k 2020: €-75k 2021: €-95k 2022: €-118k 2023: €75k

2019 → 2024

Total assets

€1.13M▲ 643%

2023 · €152k

2019: €211k 2020: €214k 2021: €198k 2022: €186k 2023: €152k

2019 → 2024

Net result

€-48k▼ 524%

2023 · €-8k

2019: €-38k 2020: €-16k 2021: €-20k 2022: €-22k 2023: €-8k

2019 → 2024

Working capital

€-356k

2023 · €81k

2019: €-190k 2020: €-192k 2021: €-201k 2022: €-113k 2023: €81k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-75k-€-95k▼ 26.3%€-118k▼ 23.4%€75k€27k▼ 63.5%

Operating result€-8k-€-11k▼ 36.5%€-14k▼ 25.6%€-2k▲ 87.3%€-47k▼ 2,640%

Net result€-16k-€-20k▼ 23.6%€-22k▼ 12.4%€-8k▲ 65.9%€-48k▼ 524%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €47k in 2024 against €2k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.13M

57.3%

42.7%

Fixed assets €649k▲ 37,148%

Current assets €482k▲ 221%

Equity and liabilities €1.13M

97.6%

Equity €27k▼ 63.5%

Debt €1.10M▲ 1,328%

The debt ratio rises from 50.8% to 97.6%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-3k▼

2023 · €-973

Cash flow

€-3k▲

2023 · €-7k

Solvency

2.4%▼

2023 · 49.2%

Current ratio

0.58▼

2023 · 2.15

Quick ratio

0.46▼

2023 · 2.15

Debt / equity

40.35▲

2023 · 1.03

ROE

-173.7%▼

2023 · -10.2%

ROA

-4.2%▲

2023 · -5.0%

Interest coverage

-0.52▼

2023 · -0.11

Debt

€1.10M▲

2023 · €77k

Debt ≤ 1 year

€839k▲

2023 · €70k

Debt > 1 year

€265k

Income taxes

€169▲

2023 · €166

Staff costs

€83k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€152k€1.13M▲

Fixed assets21/28€2k€649k▲

Intangible fixed assets21-€252k

Tangible fixed assets22/27€2k€397k▲

Plant, machinery and equipment23-€64k

Furniture and vehicles24€2k€6k▲

Other tangible fixed assets26-€327k

Current assets29/58€150k€482k▲

Stocks and contracts in progress3-€96k

Stocks30/36-€96k

Amounts receivable within one year40/41€124k€184k▲

Trade receivables40€8k€8k▲

Other amounts receivable41€115k€176k▲

Cash at bank and in hand54/58€27k€200k▲

Deferred charges and accrued income490/1€159€1k▲

Equity and liabilities

Total equity and liabilities10/49€152k€1.13M▲

Equity10/15€75k€27k▼

Contributions10/11€0-

Reserves13€228k€228k=

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Distributable reserves133€228k€228k=

Profit (loss) carried forward14€-153k€-201k▼

Amounts payable17/49€77k€1.10M▲

Amounts payable after more than one year17-€265k

Financial debts170/4-€265k

Amounts payable within one year42/48€70k€839k▲

Current portion of amounts payable after more than one year42-€26k

Trade debts44€2k€48k▲

Suppliers440/4€2k€48k▲

Taxes, remuneration and social security45€3k€21k▲

Taxes450/3€3k€2k▼

Remuneration and social security454/9-€20k

Other amounts payable47/48€65k€743k▲

Accrued charges and deferred income492/3€7k€0▼

Income statement Code20232024

Non-recurring operating income76A€2k€0▼

Remuneration, social security and pensions62-€83k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€760€44k▲

Other operating charges640/8€411€987▲

Gross operating margin9900€-562€80k▲

Operating profit (loss)9901€-2k€-47k▼

Financial income75/76B€3k€6k▲

Recurring financial income75€3k€6k▲

Financial charges65/66B€9k€6k▼

Recurring financial charges65€9k€6k▼

Profit (loss) for the period before taxes9903€-7k€-47k▼

Income taxes67/77€166€169▲

Profit (loss) for the period9904€-8k€-48k▼

Profit (loss) for the period to be appropriated9905€-8k€-48k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-153k€-201k▼

Profit (loss) brought forward from the previous period14P€-146k€-153k▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

03-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 3 days late

2024

30-06

Financial Weakest financial yearnet €-48k

Net result drops to €-48k, the lowest in the series.

30-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-06

Financial Liquidity triplescurrent ratio 2.15

Current ratio from 0.62 to 2.15; short-term debt falls from €297k to €70k.

09-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 9 days late

2022

31-01

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

27-01

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

15-01

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2018

14-12

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

12-01

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

17-01

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

18-01

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

2 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, Langemark-Poelkapelle · 3 establishment units since 2007

establishment All 3 establishment units on the map

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.

Markt 118920 Langemark-Poelkapelle

Ground area

3,122 m²

Building footprint

1,825 m²

Volume, LiDAR

10,027 m³

3 parcels, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.

3 establishment units

Koffiemakers

Markt 11, 8920 Langemark-PoelkapelleNACE 7414102

since 20072.166.339.503

Ooststraat 15, 8800 Roeselare

Manufacture of food products

since 20232.357.762.172

Regina Wautersweg 3A, 8800 Roeselare

Manufacture of food products

since 20232.357.762.271

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36505C1024/00C002	Flanders	1,955 m²	1 · 1,145 m²	7.5 m · 2 fl.
33014A0946/00B018	Flanders	783 m²	1 · 452 m²	11.3 m · 1 fl.
36015A0143/00P000	Flanders	384 m²	1 · 227 m²	-