GREEN
ActiveSummary
GREEN has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €292,322 and a net result of €2,558. Equity is growing by ~45.3% per year across the filed fiscal years. Its solvency ranks better than 50% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▼-9
Solvency58▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.33 in 2023; short-term debt: 65.9% and cash: 4% of total assets), and 67.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
26 d late
2022
14 d early
2021
31 d early
2020
1 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 4 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,558▼ 1.8%
2023 · €2,605
Working capital
€241,281▼ 11.7%
2023 · €273,286
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€23,259▼ 84.2%€94,433▲ 306%€219,910▲ 133%€27,680▼ 87.4%€28,050▲ 1.3%
Net result€413within the sector's middle half▼ 99.7%€60,413within the sector's middle half▲ 14,526%€153,873above the sector's middle half▲ 155%€2,605within the sector's middle half▼ 98.3%€2,558within the sector's middle half▼ 1.8%
Equity€72,873within the sector's middle half▲ 7.0%€133,287within the sector's middle half▲ 82.9%€287,159within the sector's middle half▲ 115%€289,764above the sector's middle half▲ 0.9%€292,322within the sector's middle half▲ 0.9%
Total assets€676,671within the sector's middle half▲ 48.1%€756,877within the sector's middle half▲ 11.9%€1.7mwithin the sector's middle half▲ 128%€1.2mabove the sector's middle half▼ 32.2%€893,154within the sector's middle half▼ 23.6%
Debt€603,798▲ 55.3%€623,590▲ 3.3%€1.4m▲ 130%€879,046▼ 38.8%€600,831▼ 31.6%
Working capital€313,623▲ 81.8%€314,900▲ 0.4%€994,099▲ 216%€273,286▼ 72.5%€241,281▼ 11.7%
Solvency10.8%below the sector's middle half▼ 4.1pp17.6%within the sector's middle half▲ 6.8pp16.7%within the sector's middle half▼ 0.9pp24.8%within the sector's middle half▲ 8.1pp32.7%within the sector's middle half▲ 7.9pp
Staff (FTE)2.2below the sector's middle half▲ 120%1below the sector's middle half▼ 54.5%204,627.1above the sector's middle half▲ 20,462,610%8.5▼ 100.0%9within the sector's middle half▲ 5.9%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result -98%, Staff (FTE) -100% on 2022. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €893,154
Fixed assets
€63,041 ▼ 17.6%
Current assets
€830,112 ▼ 24.0%
Equity and liabilities €893,154
Equity
€292,322 ▲ 0.9%
Debt
€600,831 ▼ 31.6%
Debt's share of the balance-sheet total falls from 75.2% to 67.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53,037▼
2023 · €77,837
Cash flow
€27,545▼
2023 · €52,761
Current ratio
1.41▲
2023 · 1.33
Quick ratio
0.69▼
2023 · 0.74
Debt to equity
2.06▼
2023 · 3.03
ROE
0.9%▼
2023 · 0.9%
ROA
0.3%▲
2023 · 0.2%
Interest coverage
2.63▼
2023 · 3.67
Debt ≤ 1 year
€588,831▼
2023 · €819,046
Income taxes
€5,540▲
2023 · €3,957
Staff costs
€467,677▼
2023 · €533,050
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €93,877 | €204,627 | €533,050 | €467,677 | ▼ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,424 | €37,665 | €40,675 | €50,157 | €24,987 | ▼ 50.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €22,203 | -€6,479 | €89,510 | ▲ 1,482% |
| Other operating charges640/8 | - | €5,705 | €69,530 | €17,581 | €32,010 | ▲ 82.1% |
| Gross operating margin9900 | €133,326 | €231,680 | €556,946 | €621,989 | €642,233 | ▲ 3.3% |
| Operating profit (loss)9901 | €23,259 | €94,433 | €219,910 | €27,680 | €28,050 | ▲ 1.3% |
| Financial income75/76B | - | €3,796 | €92 | €64 | €225 | ▲ 250% |
| Recurring financial income75 | €3 | €3,796 | €92 | €64 | €225 | ▲ 250% |
| Financial charges65/66B | - | €18,748 | €13,022 | €21,182 | €20,177 | ▼ 4.7% |
| Recurring financial charges65 | €22,364 | €18,748 | €13,022 | €21,182 | €20,177 | ▼ 4.7% |
| Profit (loss) for the period before taxes9903 | €898 | €79,481 | €206,981 | €6,562 | €8,098 | ▲ 23.4% |
| Income taxes67/77 | €485 | €19,068 | €53,108 | €3,957 | €5,540 | ▲ 40.0% |
| Profit (loss) for the period9904 | €413 | €60,413 | €153,873 | €2,605 | €2,558 | ▼ 1.8% |
| Profit (loss) for the period to be appropriated9905 | €413 | €60,413 | €153,873 | €2,605 | €2,558 | ▼ 1.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €676,671 | €756,877 | €1.7m | €1.2m | €893,154 | ▼ 23.6% |
| Fixed assets21/28 | €102,041 | €75,049 | €114,397 | €76,478 | €63,041 | ▼ 17.6% |
| Intangible fixed assets21 | - | - | €71,566 | €57,166 | €42,766 | ▼ 25.2% |
| Tangible fixed assets22/27 | €102,041 | €75,049 | €42,831 | €19,311 | €20,275 | ▲ 5.0% |
| Land and buildings22 | - | €67,273 | €32,303 | €2,641 | - | - |
| Plant, machinery and equipment23 | - | €1,156 | €489 | €0 | - | - |
| Furniture and vehicles24 | - | €6,620 | €10,040 | €16,671 | €20,275 | ▲ 21.6% |
| Current assets29/58 | €574,630 | €681,828 | €1.6m | €1.1m | €830,112 | ▼ 24.0% |
| Stocks and contracts in progress3 | €92,255 | €88,204 | €201,185 | €487,221 | €424,540 | ▼ 12.9% |
| Stocks30/36 | - | €88,204 | €201,185 | €487,221 | €424,540 | ▼ 12.9% |
| Amounts receivable within one year40/41 | €481,343 | €526,892 | €1.1m | €459,637 | €360,302 | ▼ 21.6% |
| Trade receivables40 | - | €472,112 | €938,956 | €347,082 | €323,640 | ▼ 6.8% |
| Other amounts receivable41 | - | €54,780 | €159,897 | €112,555 | €36,662 | ▼ 67.4% |
| Cash at bank and in hand54/58 | - | €63,425 | €304,699 | €133,248 | €35,968 | ▼ 73.0% |
| Deferred charges and accrued income490/1 | - | €3,308 | €3,580 | €12,227 | €9,303 | ▼ 23.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €676,671 | €756,877 | €1.7m | €1.2m | €893,154 | ▼ 23.6% |
| Equity10/15 | €72,873 | €133,287 | €287,159 | €289,764 | €292,322 | ▲ 0.9% |
| Contributions10/11 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Capital10 | - | €148,736 | - | €148,736 | €148,736 | = |
| Issued capital100 | - | €148,736 | - | €148,736 | €148,736 | = |
| Outside capital11 | - | - | €148,736 | - | - | - |
| Other1109/19 | - | - | €148,736 | - | - | - |
| Revaluation surpluses12 | - | €60,150 | €60,150 | €60,150 | - | - |
| Reserves13 | - | - | - | €17,478 | €80,186 | ▲ 359% |
| Non-distributable reserves130/1 | - | - | - | €14,874 | €14,874 | = |
| Legal reserve130 | - | - | - | €14,874 | €14,874 | = |
| Distributable reserves133 | - | - | - | €2,605 | €65,313 | ▲ 2,408% |
| Profit (loss) carried forward14 | -€143,948 | -€83,535 | €70,338 | €55,464 | €55,464 | = |
| Investment grants15 | - | €7,935 | €7,935 | €7,935 | €7,935 | = |
| Amounts payable17/49 | €603,798 | €623,590 | €1.4m | €879,046 | €600,831 | ▼ 31.6% |
| Amounts payable after more than one year17 | €342,790 | €256,662 | €350,000 | - | - | - |
| Financial debts170/4 | - | €256,662 | €350,000 | - | - | - |
| Amounts payable within one year42/48 | €261,008 | €366,928 | €614,217 | €819,046 | €588,831 | ▼ 28.1% |
| Current portion of amounts payable after more than one year42 | - | €44,666 | €31,682 | €250,000 | €250,000 | = |
| Trade debts44 | €189,021 | €271,986 | €423,127 | €446,197 | €208,694 | ▼ 53.2% |
| Suppliers440/4 | - | €271,986 | €423,127 | €446,197 | €208,694 | ▼ 53.2% |
| Taxes, remuneration and social security45 | - | €34,740 | €102,692 | €86,032 | €83,482 | ▼ 3.0% |
| Taxes450/3 | - | €19,570 | €72,673 | €3,960 | €9,320 | ▲ 135% |
| Remuneration and social security454/9 | - | €15,169 | €30,019 | €82,072 | €74,161 | ▼ 9.6% |
| Other amounts payable47/48 | - | €15,537 | €56,717 | €36,818 | €46,656 | ▲ 26.7% |
| Accrued charges and deferred income492/3 | - | - | €471,337 | €60,000 | €12,000 | ▼ 80.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €413 | €60,413 | €153,873 | €2,605 | €2,558 | ▼ 1.8% |
| + Depreciation and write-downs630 | €37,424 | €37,665 | €40,675 | €50,157 | €24,987 | ▼ 50.2% |
| Operating cash flow (approximation) | €37,837 | €98,078 | €194,548 | €52,761 | €27,545 | ▼ 47.8% |
| Investment in fixed assets (approximation) | - | -€10,672 | -€80,023 | -€12,237 | -€11,550 | ▲ 5.6% |
| Change in cash | - | - | €241,274 | -€171,450 | -€97,280 | ▲ 43.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
10-07
State Gazette act
Registered officeRegistered-office move3 facts ▸
State Gazette act
Registered office
Registered-office move3 facts ▸
- General meeting, 10-06-2026
- Registered-office move, avenue Galilée 10C à 1300 Wavre
- Other statement, vote result, acceptée
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €153,873 ▲155%
Operating result €219,910, net result €153,873, both a record.
31-12
Financial
Equity above €200,000Eq €287,159 ▲115%
5 profitable years in a row build equity to €287,159.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €100,000Eq €133,287 ▲82.9%
4 profitable years in a row build equity to €133,287.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €413 ▼99.7%
Net result drops to €413, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 1999
Ground area
4,332 m²
Building footprint
1,350 m²
Volume, LiDAR
6,832 m³
2 parcels, Wallonia · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Lavoisier 25, 1300 Wavre
since 19992.093.494.481
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112B0044/00Y000 | Wallonia | 2,390 m² | 1 · 586 m² | 6.7 m · 2 fl. |
| 25112C0005/00H002 | Wallonia | 1,941 m² | 1 · 764 m² | 13.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
6 categoriesGREEN SA39292
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Of 4,238 companies in sector 47789 we hold annual accounts for 1,019. 753 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
47789Other retail sale of new goods
43212Electrical installation work in industrial facilities
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43410Roofing work
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466867928
Also
9925:BE0466867928
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.