GREEN ISOLOGIC
ActiveSummary
GREEN ISOLOGIC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,114 and a net result of €16,268. Equity is shrinking by ~16.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 32% of 131 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-14
Solvency44▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.95 in 2024; short-term debt: 73.2% and cash: 1.9% of total assets), and 81.1% of the assets are financed with debt.
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Signals
Five 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 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← 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
18.9%
Return on assets
6.4%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
27 d late
2023
28 d late
2022
31 d late
2021
31 d late
2020
10 d late
2019
52 d 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 25 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.
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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€48,114▲ 51.1%
2024 · €31,846
Total assets
€254,682▲ 11.0%
2024 · €229,360
Net result
€16,268▼ 59.8%
2024 · €40,478
Working capital
€16,325
2024 · -€9,242
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€12,601-€73,688▼ 485%-€28,266▲ 61.6%€42,015€17,714▼ 57.8%
Net result-€18,422below the sector's middle half-€74,596below the sector's middle half▼ 305%-€25,135below the sector's middle half▲ 66.3%€40,478above the sector's middle half€16,268within the sector's middle half▼ 59.8%
Equity€91,099within the sector's middle half▼ 16.8%€16,503within the sector's middle half▼ 81.9%-€8,632below the sector's middle half€31,846within the sector's middle half€48,114within the sector's middle half▲ 51.1%
Total assets€108,680within the sector's middle half▼ 38.8%€68,406below the sector's middle half▼ 37.1%€41,310below the sector's middle half▼ 39.6%€229,360within the sector's middle half▲ 455%€254,682within the sector's middle half▲ 11.0%
Debt€17,581▼ 74.2%€51,904▲ 195%€49,942▼ 3.8%€197,514▲ 295%€206,568▲ 4.6%
Working capital€77,612within the sector's middle half▼ 7.7%€302within the sector's middle half▼ 99.6%-€17,473below the sector's middle half-€9,242within the sector's middle half▲ 47.1%€16,325within the sector's middle half
Solvency83.8%above the sector's middle half▲ 22.1pp24.1%within the sector's middle half▼ 59.7pp-20.9%below the sector's middle half▼ 45.0pp13.9%within the sector's middle half▲ 34.8pp18.9%within the sector's middle half▲ 5.0pp
Current ratio7.73above the sector's middle half▲ 5.101.01within the sector's middle half▼ 6.720.44below the sector's middle half▼ 0.570.95within the sector's middle half▲ 0.501.09within the sector's middle half▲ 0.14
Return on assets (ROA)-17.0%below the sector's middle half▼ 20.0pp-109.0%below the sector's middle half▼ 92.1pp-60.8%below the sector's middle half▲ 48.2pp17.6%above the sector's middle half▲ 78.5pp6.4%within the sector's middle half▼ 11.3pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €254,682
Fixed assets
€52,039 ▼ 22.3%
Current assets
€202,644 ▲ 24.8%
Equity and liabilities €254,682
Equity
€48,114 ▲ 51.1%
Debt
€206,568 ▲ 4.6%
Debt's share of the balance-sheet total falls from 86.1% to 81.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32,676▼
2024 · €54,550
Cash flow
€31,230▼
2024 · €53,013
Debt to equity
4.29▼
2024 · 6.20
ROE
33.8%▼
2024 · 127.1%
Interest coverage
25.70▼
2024 · 39.99
Debt ≤ 1 year
€186,319▲
2024 · €171,601
Debt > 1 year
€6,390▼
2024 · €12,579
Income taxes
€174▲
2024 · €173
Staff costs
€59,190▲
2024 · €57,054
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €42,104 | €58,012 | €57,054 | €59,190 | ▲ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,210 | €13,510 | €12,024 | €12,535 | €14,962 | ▲ 19.4% |
| Other operating charges640/8 | €455 | €362 | €1,397 | €23,078 | €28,300 | ▲ 22.6% |
| Gross operating margin9900 | €10,063 | -€17,713 | €43,168 | €134,682 | €120,166 | ▼ 10.8% |
| Operating profit (loss)9901 | -€12,601 | -€73,688 | -€28,266 | €42,015 | €17,714 | ▼ 57.8% |
| Financial charges65/66B | €1,738 | €908 | €1,448 | €1,364 | €1,271 | ▼ 6.8% |
| Recurring financial charges65 | €1,738 | €908 | €1,448 | €1,364 | €1,271 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | -€14,340 | -€74,596 | -€29,714 | €40,651 | €16,443 | ▼ 59.6% |
| Income taxes67/77 | €4,083 | - | -€4,579 | €173 | €174 | ▲ 1.0% |
| Profit (loss) for the period9904 | -€18,422 | -€74,596 | -€25,135 | €40,478 | €16,268 | ▼ 59.8% |
| Profit (loss) for the period to be appropriated9905 | -€18,422 | -€74,596 | -€25,135 | €40,478 | €16,268 | ▼ 59.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108,680 | €68,406 | €41,310 | €229,360 | €254,682 | ▲ 11.0% |
| Fixed assets21/28 | €19,536 | €40,578 | €27,414 | €67,001 | €52,039 | ▼ 22.3% |
| Tangible fixed assets22/27 | €19,536 | €40,578 | €27,414 | €65,396 | €50,434 | ▼ 22.9% |
| Land and buildings22 | - | - | - | €24,918 | €18,918 | ▼ 24.1% |
| Plant, machinery and equipment23 | €15,314 | €5,114 | - | - | - | - |
| Furniture and vehicles24 | €4,222 | €35,464 | €27,414 | €20,504 | €13,593 | ▼ 33.7% |
| Other tangible fixed assets26 | - | - | - | €19,975 | €17,923 | ▼ 10.3% |
| Financial fixed assets28 | - | - | - | €1,604 | €1,604 | = |
| Current assets29/58 | €89,144 | €27,828 | €13,896 | €162,359 | €202,644 | ▲ 24.8% |
| Amounts receivable within one year40/41 | €7,936 | €15,024 | €10,152 | €70,788 | €193,303 | ▲ 173% |
| Trade receivables40 | €1,470 | €8,253 | €8,842 | €13,883 | €36,195 | ▲ 161% |
| Other amounts receivable41 | €6,466 | €6,771 | €1,310 | €56,905 | €157,108 | ▲ 176% |
| Cash at bank and in hand54/58 | €80,633 | €11,436 | €700 | €87,432 | €4,961 | ▼ 94.3% |
| Deferred charges and accrued income490/1 | €575 | €1,368 | €3,044 | €4,139 | €4,380 | ▲ 5.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108,680 | €68,406 | €41,310 | €229,360 | €254,682 | ▲ 11.0% |
| Equity10/15 | €91,099 | €16,503 | -€8,632 | €31,846 | €48,114 | ▲ 51.1% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Capital10 | €18,550 | €18,550 | - | - | - | - |
| Issued capital100 | €18,550 | €18,550 | - | - | - | - |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | - | - | - | - |
| Legal reserve130 | €1,855 | €1,855 | - | - | - | - |
| Distributable reserves133 | - | - | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €70,694 | -€3,902 | -€29,037 | €11,441 | €27,709 | ▲ 142% |
| Amounts payable17/49 | €17,581 | €51,904 | €49,942 | €197,514 | €206,568 | ▲ 4.6% |
| Amounts payable after more than one year17 | €6,049 | €24,377 | €18,573 | €12,579 | €6,390 | ▼ 49.2% |
| Financial debts170/4 | €6,049 | €24,377 | €18,573 | €12,579 | €6,390 | ▼ 49.2% |
| Amounts payable within one year42/48 | €11,532 | €27,527 | €31,369 | €171,601 | €186,319 | ▲ 8.6% |
| Current portion of amounts payable after more than one year42 | €10,262 | €11,643 | €5,804 | €5,994 | €6,189 | ▲ 3.2% |
| Trade debts44 | €1,260 | €1,035 | €200 | €19,480 | €12,965 | ▼ 33.4% |
| Suppliers440/4 | €1,260 | €1,035 | €200 | €19,480 | €12,965 | ▼ 33.4% |
| Taxes, remuneration and social security45 | - | €12,611 | €18,259 | €10,390 | €10,781 | ▲ 3.8% |
| Taxes450/3 | - | €3,210 | €3,587 | €3,504 | €1,917 | ▼ 45.3% |
| Remuneration and social security454/9 | - | €9,401 | €14,672 | €6,886 | €8,864 | ▲ 28.7% |
| Other amounts payable47/48 | €11 | €2,238 | €7,106 | €135,737 | €156,384 | ▲ 15.2% |
| Accrued charges and deferred income492/3 | - | - | - | €13,334 | €13,860 | ▲ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,422 | -€74,596 | -€25,135 | €40,478 | €16,268 | ▼ 59.8% |
| + Depreciation and write-downs630 | €22,210 | €13,510 | €12,024 | €12,535 | €14,962 | ▲ 19.4% |
| Operating cash flow (approximation) | €3,787 | -€61,087 | -€13,111 | €53,013 | €31,230 | ▼ 41.1% |
| Investment in fixed assets (approximation) | - | -€34,551 | €1,140 | -€52,122 | €0 | ▲ 100% |
| Change in cash | - | -€69,197 | -€10,736 | €86,732 | -€82,471 | ▼ 195% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €40,478
Net result €40,478 after 3 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€74,596
Net result drops to -€74,596, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 7.73
Current ratio from 2.63 to 7.73; short-term debt falls from €51,721 to €11,532.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
31-12
Financial
Equity above €100,000Eq €104,168 ▲11.3%
2 profitable years in a row build equity to €104,168.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Verviers · 1 establishment unit since 2012
Ground area
939 m²
Building footprint
187 m²
Volume, LiDAR
788 m³
Parcel 63074B0267/00G000, Wallonia · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GREEN ISOLOGIC
since 20122.254.191.215
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63074B0267/00G000 | Wallonia | 939 m² | 1 · 187 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 628 companies in sector 22240 we hold annual accounts for 363. 235 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
22240Manufacture of rubber and plastic products
46839Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0835914524
Also
9925:BE0835914524
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.