GREEN BASE
ActiveSummary
GREEN BASE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.63M and a net result of €-269k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 294 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▼-13
Solvency62▲+2
Growth47▼-22
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.21 in 2023; short-term debt: 38.6% and cash: 1.7% of total assets), and 63.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← 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
36.6%
Return on assets
-3.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-05-2025, 76 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
76 d early
2023
70 d early
2022
8 d late
2021
19 d early
2020
72 d late
2019
206 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.63M▼ 15.3%
2023 · €1.92M
2019: €1.53M
2020: €1.78M
2021: €1.85M
2022: €2.16M
2023: €1.92M
2019 → 2024
EBIT margin
-2.6%▼ 17.2pp
2023 · 14.6%
2019: 23.3%
2020: 21.6%
2021: 17.9%
2022: 25.2%
2023: 14.6%
2019 → 2024
Net result
€-269k
2023 · €229k
2018: €86k
2019: €80k
2020: €146k
2021: €113k
2022: €-364k
2023: €229k
2018 → 2024
Working capital
€-2.26M▼ 11.2%
2023 · €-2.03M
2018: €297k
2019: €58k
2020: €-25k
2021: €-153k
2022: €-976k
2023: €-2.03M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.78M-€1.85M▲ 4.2%€2.16M▲ 16.7%€1.92M▼ 11.3%€1.63M▼ 15.3%
Equity€3.64M-€3.68M▲ 1.2%€2.67M▼ 27.4%€2.90M▲ 8.6%€2.63M▼ 9.3%
Operating result€384k-€331k▼ 13.7%€545k▲ 64.6%€280k▼ 48.6%€-42k
Net result€146k-€113k▼ 22.7%€-364k€229k€-269k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €42k after €280k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.20M
Fixed assets
€6.68M ▼ 13.2%
Current assets
€524k ▼ 3.5%
Equity and liabilities €7.20M
Equity
€2.63M ▼ 9.3%
Debt
€4.57M ▼ 14.4%
Debt's share of the balance-sheet total falls from 64.8% to 63.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€975k▼
2023 · €1.30M
Cash flow
€748k▼
2023 · €1.25M
Current ratio
0.19▼
2023 · 0.21
Debt to equity
1.74▼
2023 · 1.84
ROE
-10.2%▼
2023 · 7.9%
ROA
-3.7%▼
2023 · 2.8%
Interest coverage
4.27▼
2023 · 5.54
Debt ≤ 1 year
€2.78M▲
2023 · €2.58M
Debt > 1 year
€1.78M▼
2023 · €2.75M
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 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€8.24M€7.20M▼
Fixed assets21/28€7.70M€6.68M▼
Tangible fixed assets22/27€7.70M€6.68M▼
Plant, machinery and equipment23€10k€8k▼
Leasing and similar rights25€7.69M€6.67M▼
Current assets29/58€543k€524k▼
Amounts receivable within one year40/41€209k€401k▲
Trade receivables40€200k€298k▲
Other amounts receivable41€9k€103k▲
Cash at bank and in hand54/58€334k€123k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€8.24M€7.20M▼
Equity10/15€2.90M€2.63M▼
Contributions10/11€750k€750k=
Revaluation surpluses12€1.25M€1.10M▼
Reserves13€749k€906k▲
Non-distributable reserves130/1€41k€41k=
Reserves not available under the articles1311€41k€41k=
Distributable reserves133€708k€865k▲
Profit (loss) carried forward14€149k€-119k▼
Amounts payable17/49€5.34M€4.57M▼
Amounts payable after more than one year17€2.75M€1.78M▼
Financial debts170/4€2.75M€1.78M▼
Amounts payable within one year42/48€2.58M€2.78M▲
Current portion of amounts payable after more than one year42€927k€973k▲
Trade debts44€223k€567k▲
Suppliers440/4€223k€567k▲
Other amounts payable47/48€1.42M€1.24M▼
Accrued charges and deferred income492/3€8k€6k▼
Income statement
Code20232024
Turnover70€1.92M€1.63M▼
Goods, raw materials, services and sundry goods60/61€621k€660k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.02M€1.02M=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-13k-
Other operating charges640/8€14k€1k▼
Gross operating margin9900€1.30M€976k▼
Operating profit (loss)9901€280k€-42k▼
Financial income75/76B€0€2k▲
Recurring financial income75€0€2k▲
Financial charges65/66B€234k€228k▼
Recurring financial charges65€234k€228k▼
Profit (loss) for the period before taxes9903€46k€-269k▼
Income taxes67/77€-183k-
Profit (loss) for the period9904€229k€-269k▼
Profit (loss) for the period to be appropriated9905€229k€-269k▼
Appropriation of the result
Profit (loss) to be appropriated9906€149k€-119k▼
Profit (loss) brought forward from the previous period14P€-79k€149k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €229k
Net result €229k after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
31-12
Financial
Weakest financial yearnet €-364k ▼422%
Net result drops to €-364k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 72 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 206 days late
2020
31-12
Financial
Equity above €2MEq €3.64M ▲117%
3 profitable years in a row build equity to €3.64M.
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 119 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Heusden-Zolder · 1 establishment unit since 2009
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.
De Lange Beemden 14.13550 Heusden-ZolderGround area
3,741 m²
Building footprint
1,634 m²
Parcel 71065B1051/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
Green-Base
since 20092.183.084.275
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065B1051/00M000 | Flanders | 3,741 m² | 1 · 1,634 m² | - |
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.
Similar companies · same sector, comparable size
MEUSE ET SAMBRE
BE 0401.409.754
Andenne · Eq €2,649,380
GREEN LOGIX BIOGAS
BE 0507.730.464
Lommel · Eq €2,652,611
RIVIEREHYDRO
BE 0755.421.251
Herstal · Eq €2,653,516
BIOGAS DE BIEZEN
BE 0892.211.047
Arendonk · Eq €2,610,033
ECO LOGIX
BE 0829.283.682
Wingene · Eq €2,602,240
Of 815 companies in sector 35110 we hold annual accounts for 631. 387 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
Founded26-08-2009
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35130Electricity, gas, steam and air conditioning supply
35150Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.