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GREEN FARM

Active
Cooperative companyfounded 2005active for 20 yearsGalgestraat 9, 8610 Kortemark, BelgiumKBO/BCE: BE 0878.248.094
Summary

GREEN FARM has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104,227 and a net result of -€70,809. Equity is growing by about 4.6% per year across the filed financial years. Its solvency ranks better than 9% of 6,039 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Activity
Wholesale of fruit and vegetables, excluding potatoes
NACE 46319
7th largest company by total assets in Kortemark, Wholesale and retail trade sector1 site
Size
€27.2mturnover 2025
Staff
10.4 FTE
Equity
€104,227
Loss
-€70,809
Financial health
63 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.2%
Structure
Largest shareholder
VERDUYN · 23.08%
Accounts 21 days early2 of 9 deeds read
Why 63raises riskLiquidity: current ratio 0.97, cash €25,159Equity €104,227 (1.2% of total assets)Size: turnover €27.2m, 10.4 FTE, total assets €9.0mlowers riskFounded in 2005Show the evidence

Checked score

Score 2025
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 23% of its sector peers (NACE 46, small)
Financial strength · tick = 2024
Weak
Solvency 26-1
equity 1.2% of total assets
Liquidity 0=
short-term debt 93.3% · cash 0.3%
Profitability 53-2
return on assets -0.8%
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,379 companies, NACE 46, small)
Last 24 months 11-2024: 1.3% 12-2024: 1.3%● unchanged vs 11-2024 01-2025: 1.3%● unchanged vs 12-2024 02-2025: 1.3%● unchanged vs 01-2025 03-2025: 1.3%● unchanged vs 02-2025 04-2025: 1.3%● unchanged vs 03-2025 05-2025: 1.3%● unchanged vs 04-2025 06-2025: 1.4%▲ +0.1 percentage points vs 05-2025 07-2025: 1.8%▲ +0.4 percentage points vs 06-2025highest value 08-2025: 1.4%▼ -0.4 percentage points vs 07-2025 09-2025: 1.4%● unchanged vs 08-2025 10-2025: 1.4%● unchanged vs 09-2025 11-2025: 1.4%● unchanged vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.4%● unchanged vs 12-2025 02-2026: 1.4%● unchanged vs 01-2026 03-2026: 1.4%● unchanged vs 02-2026 04-2026: 1.4%● unchanged vs 03-2026 05-2026: 1.4%● unchanged vs 04-2026 06-2026: 1.5%▲ +0.1 percentage points vs 05-2026 07-2026: 1.5%● unchanged vs 06-2026 08-2026: 1.2%▼ -0.3 percentage points vs 07-2026lowest value 09-2026: 1.2%● unchanged vs 08-2026lowest value 10-2026: 1.2%● unchanged vs 09-2026lowest value
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.97, compared with 0.98 in 2024, below 1; short-term debt: 93.3% and cash: 0.3% of total assets), and 98.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, small): better than 5% on solvency, 2% on liquidity, 36% on profitability and 49% on growth.

The bankruptcy probability was computed on 15-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.97, cash €25,159
NBB · annual accounts
raises risk · Equity €104,227 (1.2% of total assets)
NBB · annual accounts
lowers risk · Founded in 2005
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: turnover €27.2m, 10.4 FTE, total assets €9.0m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 6039 sector peers (2025).
NBB · sector comparison
Position among 6039 sector peers
Solvency
better than 9%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 days early
2024
13 days early
2023
28 days early
2022
14 days early
2021
59 days early
2020
30 days late
2019
49 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 8 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointments: BV Agri Chicon (director) and…Permanent representative: Lore Vertongen ·…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Weakest financial yearnet -€70,809

Key points

  • Caution: From profit to loss in 2025after €23,395 in 2024 -€70,809 View
  • Caution: Among the weakest 9% on solvencysector median 45.5% · 6,039 companies 1.2% View
  • Positive: 3 years of growth in a rowturnover 2025: €27.2m 3 years View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

By topic

Financials

Financial year
2025
Turnover
€27.2m
Loss
-€70,809
Solvency
1.2%
Turnover▲ 25.3%
Net result
20212025
Go to Financials

Board & ownership

Board
2 members
Largest shareholder
VERDUYN · 23.08%
  • Agri ChiconDirector
  • Bert MaertensDirector
Go to Board & ownership

Timeline

Events
28
Since
2007
Next accounts
by 31-07-2027
  1. 08-12-2025Amendment of the articles
  2. 18-07-2025Annual accounts filed
  3. 03-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Cooperative company
Activity
Wholesale of fruit and vegetables, excluding potatoesNACE 46319
Founded
29-12-2005
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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