GREEN DEVELOPMENT
ActiveGREEN DEVELOPMENT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87k and a net result of €21k. Equity is growing by ~64% per year across the filed fiscal years. Its solvency ranks better than 25% of 1193 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-25
Solvency47▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.13 in 2024; short-term debt: 78.5% and cash: 3.9% of total assets), and 78.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.5%
Return on assets
5.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
13 d early
2023
27 d early
2022
8 d early
2021
47 d early
2020
11 d early
2019
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€87k▲ 32.1%
2024 · €65k
2019: €-168k
2020: €-132k
2021: €-71k
2022: €12k
2023: €49k
2024: €65k
2019 → 2025
Total assets
€402k▲ 0.1%
2024 · €401k
2019: €353k
2020: €321k
2021: €360k
2022: €422k
2023: €338k
2024: €401k
2019 → 2025
Net result
€21k▼ 80.3%
2024 · €107k
2019: €90k
2020: €37k
2021: €61k
2022: €83k
2023: €177k
2024: €107k
2019 → 2025
Working capital
€68k▲ 59.4%
2024 · €42k
2019: €-226k
2020: €-208k
2021: €-131k
2022: €-54k
2023: €10k
2024: €42k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-71k-€12k€49k▲ 320%€65k▲ 34.9%€87k▲ 32.1%
Operating result€76k-€110k▲ 44.9%€193k▲ 75.7%€114k▼ 40.7%€28k▼ 75.1%
Net result€61k-€83k▲ 36.7%€177k▲ 114%€107k▼ 39.6%€21k▼ 80.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 75% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402k
Fixed assets
€19k▼ 25.2%
Current assets
€383k▲ 1.8%
Equity and liabilities €402k
Equity
€87k▲ 32.1%
Debt
€315k▼ 6.1%
The debt ratio falls from 83.7% to 78.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▼
2024 · €137k
Cash flow
€33k▼
2024 · €130k
Solvency
21.5%▲
2024 · 16.3%
Current ratio
1.21▲
2024 · 1.13
Quick ratio
0.80▲
2024 · 0.74
Debt / equity
3.64▼
2024 · 5.13
ROE
24.3%▼
2024 · 163.3%
ROA
5.2%▼
2024 · 26.6%
Interest coverage
114.20▼
2024 · 577.80
Debt
€315k▼
2024 · €336k
Debt ≤ 1 year
€315k▼
2024 · €334k
Income taxes
€8k▲
2024 · €7k
Staff costs
€46k▼
2024 · €98k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€401k€402k▲
Fixed assets21/28€25k€19k▼
Tangible fixed assets22/27€25k€19k▼
Plant, machinery and equipment23€11k€13k▲
Furniture and vehicles24€14k€5k▼
Financial fixed assets28€135€135=
Current assets29/58€376k€383k▲
Stocks and contracts in progress3€130k€132k▲
Stocks30/36€130k€132k▲
Amounts receivable within one year40/41€181k€222k▲
Trade receivables40€93k€108k▲
Other amounts receivable41€88k€114k▲
Cash at bank and in hand54/58€52k€16k▼
Deferred charges and accrued income490/1€13k€14k▲
Equity and liabilities
Total equity and liabilities10/49€401k€402k▲
Equity10/15€65k€87k▲
Contributions10/11€19k€19k=
Reserves13€47k€68k▲
Distributable reserves133€47k€68k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€336k€315k▼
Amounts payable within one year42/48€334k€315k▼
Financial debts43€49€62▲
Credit institutions430/8€49€62▲
Trade debts44€44k€121k▲
Suppliers440/4€44k€121k▲
Taxes, remuneration and social security45€12k€6k▼
Taxes450/3€8k€3k▼
Remuneration and social security454/9€4k€3k▼
Other amounts payable47/48€278k€189k▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€98k€46k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€12k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€238k€88k▼
Operating profit (loss)9901€114k€28k▼
Financial income75/76B€101€777▲
Recurring financial income75€101€777▲
Financial charges65/66B€238€350▲
Recurring financial charges65€238€350▲
Profit (loss) for the period before taxes9903€114k€29k▼
Income taxes67/77€7k€8k▲
Profit (loss) for the period9904€107k€21k▼
Profit (loss) for the period to be appropriated9905€107k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€107k€21k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€17k€21k▲
To other reserves6921€17k€21k▲
Profit to be distributed694/7€90k€0▼
Directors or managers695€90k€0▼
Social balance
Average headcount (FTE)90873.11.3▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €21k ▼80.3%
Net result drops to €21k, the lowest in the series.
18-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €177k ▲114%
Operating result €193k, net result €177k, both a record.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Sint-Katelijne-Waver · 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.
Hoveniersstraat 232860 Sint-Katelijne-WaverGround area
1,743 m²
Building footprint
1,381 m²
Volume, LiDAR
5,252 m³
Parcel 12422D0839/00K000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GREEN DEVELOPMMENT BVBA
since 20022.131.503.635
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422D0839/00K000 | Flanders | 1,743 m² | 1 · 1,381 m² | 7.2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,670 EUR awarded · 2,670 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,670 EUR | 2,670 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Recognitions · licences · registrations
Dual-learning approval
5 endedSimilar companies · same sector, comparable size
RH Espaces Verts et Production
BE 0578.864.524
Soignies · Eq €86k
LAROCHE EN VERT
BE 0810.635.037
Court-Saint-Etienne · Eq €87k
COTE JARDIN - COTE PONEY
BE 0466.537.138
Braine-le-Château · Eq €86k
TOM OSTYN
BE 0808.765.610
Kortemark · Eq €86k
GREEN PROJECT
BE 0835.057.360
Buggenhout · Eq €87k
Of 21,210 companies in sector 81300 we hold annual accounts for 4,359. 3,635 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-04-2002
Fiscal year end30-06
Activities, NACEBEL
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.