GREEN GOLF DEVELOPMENT
ActiveSummary
GREEN GOLF DEVELOPMENT has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-77k) and a net result of €-51k. Its solvency ranks better than 14% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-19
Solvency22▼-2
Growth32
Track record82
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 5.91 against 19.08 in 2024; short-term debt: 13% and cash: 3.2% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-2.8%
Return on assets
-1.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year €-77k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 2 filingsDeviation from the deadline
2025
25 d late
2024
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-51k▼ 90.2%
2024 · €-27k
2024: €-27k
2025: €-51k▼ -90.2% vs 2024
2024 → 2025
Working capital
€1.77M▼ 3.2%
2024 · €1.83M
2024: €1.83M
2025: €1.77M▼ -3.2% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€-26k-€-77k▼ 198%
2024: €-26k
2025: €-77k▼ -198% vs 2024
Operating result€-27k-€-54k▼ 102%
2024: €-27k
2025: €-54k▼ -102% vs 2024
Net result€-27k-€-51k▼ 90.2%
2024: €-27k
2025: €-51k▼ -90.2% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €54k in 2025 against €27k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.78M
Fixed assets
€653k ▲ 1.2%
Current assets
€2.13M ▲ 10.4%
Key figures and ratios
EBITDA
€-53k
Cash flow
€-50k
Solvency
-2.8%▼
2024 · -1.0%
Current ratio
5.91▼
2024 · 19.08
Quick ratio
0.31▼
2024 · 1.13
Debt to equity
-36.95▲
2024 · -99.96
ROA
-1.8%▼
2024 · -1.0%
Interest coverage
-323.31
Debt
€2.86M▲
2024 · €2.60M
Debt ≤ 1 year
€361k▲
2024 · €101k
Debt > 1 year
€2.50M=
2024 · €2.50M
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 · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.58M€2.78M▲
Fixed assets21/28€645k€653k▲
Tangible fixed assets22/27-€8k
Plant, machinery and equipment23-€2k
Furniture and vehicles24-€6k
Financial fixed assets28€645k€645k=
Current assets29/58€1.93M€2.13M▲
Stocks and contracts in progress3€1.82M€2.02M▲
Stocks30/36€1.82M€2.02M▲
Amounts receivable within one year40/41€32k€21k▼
Trade receivables40€8k€9k▲
Other amounts receivable41€24k€12k▼
Cash at bank and in hand54/58€83k€90k▲
Deferred charges and accrued income490/1-€84
Equity and liabilities
Total equity and liabilities10/49€2.58M€2.78M▲
Equity10/15€-26k€-77k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€-27k€-78k▼
Amounts payable17/49€2.60M€2.86M▲
Amounts payable after more than one year17€2.50M€2.50M=
Financial debts170/4€2.50M€2.50M=
Amounts payable within one year42/48€101k€361k▲
Trade debts44€50k€220k▲
Suppliers440/4€50k€220k▲
Other amounts payable47/48€52k€141k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€912
Other operating charges640/8€387€562▲
Gross operating margin9900€-27k€-53k▼
Operating profit (loss)9901€-27k€-54k▼
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€71€165▲
Recurring financial charges65€71€165▲
Profit (loss) for the period before taxes9903€-27k€-51k▼
Profit (loss) for the period9904€-27k€-51k▼
Profit (loss) for the period to be appropriated9905€-27k€-51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-78k▼
Profit (loss) brought forward from the previous period14P-€-27k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €912 | - |
| Other operating charges640/8 | €387 | €562 | ▲ 45.2% |
| Gross operating margin9900 | €-27k | €-53k | ▼ 98.9% |
| Operating profit (loss)9901 | €-27k | €-54k | ▼ 102% |
| Financial income75/76B | - | €3k | - |
| Recurring financial income75 | - | €3k | - |
| Financial charges65/66B | €71 | €165 | ▲ 134% |
| Recurring financial charges65 | €71 | €165 | ▲ 134% |
| Profit (loss) for the period before taxes9903 | €-27k | €-51k | ▼ 90.2% |
| Profit (loss) for the period9904 | €-27k | €-51k | ▼ 90.2% |
| Profit (loss) for the period to be appropriated9905 | €-27k | €-51k | ▼ 90.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2.58M | €2.78M | ▲ 8.1% |
| Fixed assets21/28 | €645k | €653k | ▲ 1.2% |
| Tangible fixed assets22/27 | - | €8k | - |
| Plant, machinery and equipment23 | - | €2k | - |
| Furniture and vehicles24 | - | €6k | - |
| Financial fixed assets28 | €645k | €645k | = |
| Current assets29/58 | €1.93M | €2.13M | ▲ 10.4% |
| Stocks and contracts in progress3 | €1.82M | €2.02M | ▲ 11.2% |
| Stocks30/36 | €1.82M | €2.02M | ▲ 11.2% |
| Amounts receivable within one year40/41 | €32k | €21k | ▼ 33.7% |
| Trade receivables40 | €8k | €9k | ▲ 20.5% |
| Other amounts receivable41 | €24k | €12k | ▼ 50.6% |
| Cash at bank and in hand54/58 | €83k | €90k | ▲ 8.7% |
| Deferred charges and accrued income490/1 | - | €84 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2.58M | €2.78M | ▲ 8.1% |
| Equity10/15 | €-26k | €-77k | ▼ 198% |
| Contributions10/11 | €1k | €1k | = |
| Profit (loss) carried forward14 | €-27k | €-78k | ▼ 190% |
| Amounts payable17/49 | €2.60M | €2.86M | ▲ 10.0% |
| Amounts payable after more than one year17 | €2.50M | €2.50M | = |
| Financial debts170/4 | €2.50M | €2.50M | = |
| Amounts payable within one year42/48 | €101k | €361k | ▲ 256% |
| Trade debts44 | €50k | €220k | ▲ 344% |
| Suppliers440/4 | €50k | €220k | ▲ 344% |
| Other amounts payable47/48 | €52k | €141k | ▲ 172% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-27k | €-51k | ▼ 90.2% |
| + Depreciation and write-downs630 | - | €912 | - |
| Operating cash flow (approximation) | €-27k | €-50k | ▼ 86.8% |
| Investment in fixed assets (approximation) | - | €-9k | - |
| Change in cash | - | €7k | - |
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
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
NBB filing
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Hasselt · 1 establishment unit since 2024
Ground area
7,279 m²
Building footprint
1,428 m²
Volume, LiDAR
3,735 m³
2 parcels, Flanders, Wallonia · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
31
companies at this address
See who is registered here
1 establishment unit
Rue des Petites-Roches 113, 4000 Liège
since 20242.358.756.720
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62812C0171/00G000 ProtectedSite or landscape |
Wallonia | 4,873 m² | 1 · 401 m² | 12.8 m · 3 fl. |
| 71328D0534/00Z000 | Flanders | 2,407 m² | 1 · 1,027 m² | - |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.