GREEN DEVELOPMENT
ActiveSummary
GREEN DEVELOPMENT has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,515 and a net result of €21,030. Equity has been growing by about 64% per year since 2019. Its solvency ranks better than 26% of 1,552 sector peers (NACE 81, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-04-2002 Normal situation
- Activity
- Landscape service activities NACE 81300
- Joint committees
- 145 Paritair Comité voor het tuinbouwbedrijf
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 30-06-2025
- Establishment unit
- 2.131.503.635 2860 Sint-Katelijne-Waver, since 07-06-2002
- Financial year end
- 30 June
- Peppol
- Reachable since 18-02-2025
Board and ownership
- Micha van JoleDirector · since 27-04-2023
- PROVAJO GREENDirector · since 27-04-2023 · permanent representative Kenny Proost
- Provajo Green100%· score 9230-06-2025 annual accounts of Provajo Green
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- €87,836
- ▼ 63.1%
- Turnover
- ≈ €260,000
- estimated
- Profit
- €21,030
- ▼ 80.3%
- Equity
- €86,515
- ▲ 32.1%
- Total assets
- €401,853
- ▲ 0.1%
- Employees on 30-06-2025
- 1
- ▼ 50.0%
Score breakdownraises riskSector: Services to buildings and landscape activities (NACE 81)Liquidity: current ratio 1.21, cash €15,620, halvedEquity €86,515 (21.5% of total assets)lowers riskFounded in 2002Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 81, micro). It does better than 28% of them on solvency, 8% on liquidity, 48% on profitability and 73% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-01-2026 PDF all 23 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 75% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 3 | 2 | 1 |
| full-time | 5 | 2 | 2 | 1 |
| part-time | 0 | 1 | 0 | 0 |
| in full-time equivalents | 5 | 2.5 | 2 | 1 |
| Average over the year, in full-time equivalents | 4.1 | 3.8 | 3.1 | 1.3 |
| On a permanent contract | 2 | 2 | 1 | 1 |
| Joined | 1 | 2 | 6 | 1 |
| Left | 0 | 4 | 7 | 2 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €37,227 | €5,796 | €10,308 | €5,200 |
| Depreciation and write-downs of the year | €44,544 | €32,833 | €23,272 | €11,522 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €2,670 awarded · €2,670 paidComparable companies
These companies have the same main activity as GREEN DEVELOPMENT: landscape service activities (NACE 81300). They are comparable in size and age: total assets between €305,000 and €659,000, founded between 1990 and 2010.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| GREEN DEVELOPMENT Sint-Katelijne-Waver | 2002 | €401,853 | €86,515 | €87,836 | €21,030 | 1.3 | 2025 |
| NVH-IA Geel | 2010 | €429,557 | -€72,055 | €90,648 | -€22,782 | 0.8 | 2025 |
| TUINEN VERCRUYSSE C. Wevelgem | 1995 | €305,115 | €225,406 | €142,209 | €34,352 | 1 | 2025 |
| PAYSAGE PARTNERS Eghezée | 1990 | €460,184 | €377,559 | €96,062 | €19,254 | 0.7 | 2025 |
| Apers Projects Oosterzele | 2010 | €585,240 | €80,677 | €122,395 | €20,728 | 1 | 2024 |
| DE ZWEMVIJVER Zoersel | 2007 | €457,599 | €353,559 | €180,810 | €14,876 | 2.3 | 2025 |
| VAN VLERKEN Kasterlee | 2001 | €659,201 | €124,933 | €172,195 | €10,273 | 0.5 | 2026 |
They were chosen from the 4,477 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 3,818 companies had the same profile as GREEN DEVELOPMENT has now. Two years later, 1.0% had gone bankrupt and 95.1% were still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GREEN DEVELOPMENT itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for GREEN DEVELOPMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €509 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €149,661 | €144,022 | €98,113 | €45,823 | ▼ 53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,791 | €38,174 | €36,531 | €44,544 | €32,833 | €23,272 | €11,522 | ▼ 50.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€225 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €1,743 | €2,560 | €2,776 | €2,079 | ▼ 25.1% |
| Gross operating margin9900 | €223,240 | €200,460 | €249,307 | €305,302 | €371,995 | €238,267 | €87,836 | ▼ 63.1% |
| Operating profit (loss)9901 | €106,200 | €42,492 | €75,617 | €109,579 | €192,580 | €114,106 | €28,411 | ▼ 75.1% |
| Financial income75/76B | - | - | - | €103 | €33 | €101 | €777 | ▲ 671% |
| Recurring financial income75 | €911 | €417 | €629 | €103 | €33 | €101 | €777 | ▲ 671% |
| Financial charges65/66B | - | - | - | €651 | €332 | €238 | €350 | ▲ 47.1% |
| Recurring financial charges65 | €314 | -€254 | €274 | €651 | €332 | €238 | €350 | ▲ 47.1% |
| Profit (loss) for the period before taxes9903 | €106,797 | €43,163 | €75,972 | €109,031 | €192,281 | €113,969 | €28,838 | ▼ 74.7% |
| Income taxes67/77 | €16,942 | €6,479 | €15,468 | €26,321 | €15,300 | €7,011 | €7,808 | ▲ 11.4% |
| Profit (loss) for the period9904 | €89,855 | €36,683 | €60,505 | €82,710 | €176,982 | €106,958 | €21,030 | ▼ 80.3% |
| Profit (loss) for the period to be appropriated9905 | €89,855 | €36,683 | €60,505 | €82,710 | €176,982 | €106,958 | €21,030 | ▼ 80.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €352,732 | €320,538 | €359,661 | €421,606 | €338,398 | €401,437 | €401,853 | ▲ 0.1% |
| Fixed assets21/28 | €82,522 | €104,931 | €72,435 | €65,118 | €38,081 | €25,117 | €18,795 | ▼ 25.2% |
| Intangible fixed assets21 | €1,200 | €600 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €81,187 | €104,196 | €72,300 | €64,983 | €37,946 | €24,982 | €18,660 | ▼ 25.3% |
| Plant, machinery and equipment23 | - | - | - | €21,633 | €15,216 | €11,339 | €13,234 | ▲ 16.7% |
| Furniture and vehicles24 | - | - | - | €43,350 | €22,730 | €13,644 | €5,426 | ▼ 60.2% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €270,210 | €215,607 | €287,225 | €356,488 | €300,317 | €376,319 | €383,058 | ▲ 1.8% |
| Stocks and contracts in progress3 | €100,795 | €103,295 | €115,295 | €128,405 | €126,712 | €130,212 | €131,711 | ▲ 1.2% |
| Stocks30/36 | - | - | - | €128,405 | €126,712 | €130,212 | €131,711 | ▲ 1.2% |
| Amounts receivable within one year40/41 | €169,000 | €88,035 | €113,498 | €129,596 | €127,487 | €181,056 | €222,129 | ▲ 22.7% |
| Trade receivables40 | - | - | - | €97,927 | €67,604 | €92,984 | €107,780 | ▲ 15.9% |
| Other amounts receivable41 | - | - | - | €31,668 | €59,883 | €88,072 | €114,349 | ▲ 29.8% |
| Cash at bank and in hand54/58 | €248 | €15,210 | €44,327 | €87,718 | €30,754 | €51,832 | €15,620 | ▼ 69.9% |
| Deferred charges and accrued income490/1 | - | - | - | €10,769 | €15,364 | €13,220 | €13,598 | ▲ 2.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €352,732 | €320,538 | €359,661 | €421,606 | €338,398 | €401,437 | €401,853 | ▲ 0.1% |
| Equity10/15 | -€168,353 | -€131,670 | -€71,165 | €11,545 | €48,527 | €65,485 | €86,515 | ▲ 32.1% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €29,927 | €46,885 | €67,915 | ▲ 44.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | €29,927 | €46,885 | €67,915 | ▲ 44.9% |
| Profit (loss) carried forward14 | -€188,813 | -€152,130 | -€91,625 | -€8,915 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €521,085 | €452,208 | €430,826 | €410,061 | €289,871 | €335,952 | €315,338 | ▼ 6.1% |
| Amounts payable after more than one year17 | €24,918 | €28,771 | €13,024 | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €496,167 | €423,437 | €417,802 | €410,061 | €289,871 | €333,822 | €315,338 | ▼ 5.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,501 | €0 | - | - | - |
| Financial debts43 | - | - | - | - | €1,318 | €49 | €62 | ▲ 26.7% |
| Credit institutions430/8 | - | - | - | - | €1,318 | €49 | €62 | ▲ 26.7% |
| Trade debts44 | €48,168 | €15,849 | €37,308 | €46,569 | €432 | €43,907 | €120,559 | ▲ 175% |
| Suppliers440/4 | - | - | - | €46,569 | €432 | €43,907 | €120,559 | ▲ 175% |
| Taxes, remuneration and social security45 | - | - | - | €56,419 | €19,689 | €12,178 | €6,205 | ▼ 49.0% |
| Taxes450/3 | - | - | - | €39,370 | €15,343 | €7,849 | €3,256 | ▼ 58.5% |
| Remuneration and social security454/9 | - | - | - | €17,048 | €4,346 | €4,329 | €2,949 | ▼ 31.9% |
| Other amounts payable47/48 | - | - | - | €294,573 | €268,433 | €277,689 | €188,512 | ▼ 32.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €2,130 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €89,855 | €36,683 | €60,505 | €82,710 | €176,982 | €106,958 | €21,030 | ▼ 80.3% |
| + Depreciation and write-downs630 | €23,791 | €38,174 | €36,531 | €44,544 | €32,833 | €23,272 | €11,522 | ▼ 50.5% |
| Operating cash flow (approximation) | €113,646 | €74,857 | €97,036 | €127,255 | €209,814 | €130,230 | €32,552 | ▼ 75.0% |
| Investment in fixed assets (approximation) | - | -€60,583 | -€4,035 | -€37,227 | -€5,796 | -€10,308 | -€5,200 | ▲ 49.6% |
| Change in cash | - | €14,962 | €29,117 | €43,391 | -€56,965 | €21,078 | -€36,212 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 29-01-2026 | 2026-00017377 | |
| 30-06-2024 | abbreviated format | 18-01-2025 | 2025-00006468 | |
| 30-06-2023 | abbreviated format | 04-01-2024 | 2024-00542622 | |
| 30-06-2022 | abbreviated format | 23-01-2023 | 2023-00001721 | |
| 30-06-2021 | abbreviated format | 15-12-2021 | 2021-80200189 | |
| 30-06-2020 | abbreviated format | 20-01-2021 | 2021-01200058 | |
| 30-06-2019 | abbreviated format | 23-12-2019 | 2019-76900564 | |
| 30-06-2018 | abbreviated format | 26-12-2018 | 2018-75600404 | |
| 30-06-2017 | micro format | 22-12-2017 | 2017-72700021 | |
| 30-06-2016 | abbreviated format | 21-12-2016 | 2016-71000040 |
Board & ownership
Directors
Board 2
Permanent representatives 1
Owners and capital
Shareholders
1 ownerChain of control
- Provajo Green
- GREEN DEVELOPMENT
Owners 1
- Provajo GreenparentEquity €284,217 Profit of €110,177 in 2025 (profit of €154,041 in 2024) Checked score 92100%
Capital transactions
- 04-05-2023 Converted to available equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Micha van Jole |
|
| PROVAJO GREEN |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1”
Articles of association, deed of 04-05-2023 (in Dutch)
Network & group
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of GREEN DEVELOPMENT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
04-05
Gazette deed
Resignation: Micha van Jole (statutory manager)Reappointment: Micha van Jole (director) · Appointment: PROVAJO GREEN (director) · Permanent representative: Kenny Proost12 points ▸
- General meeting, 27-04-2023
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
- Transfer restriction, “akkoord alle aandeelhouders vereist, overdracht van aandelen voortaan” (deed in Dutch)
- Director resignation, Micha van Jole (statutory manager)
- Director reappointment, Micha van Jole (director (not named in the articles))
- Board rule, 1, 4.2
- Director appointment, PROVAJO GREEN (director (not named in the articles))
- Permanent representative, Kenny Proost (uitoefening bestuurdersmandaat)
- Amendment of the articles
- Share issue, 100, “gelijk recht in winstverdeling” (deed in Dutch)
- Power of attorney, Stephane Van Roosbroeck
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Text of the purpose
“Verhuur van planten,verkoop van bloemen en kerstbomen,verzorgen van logistiek bij levering,onderhoud en aanleg van tuinen,uitvoeren van aanverwante werken in onder aanneming enzovoort.”
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Dual-learning approval
5 endedSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12422D0839/00K000 | Flanders | 1,743 m² | 1 · 1,381 m² | 7.2 m · 2 |