GREEN NRG
ActiveThe computed 12-month bankruptcy probability of GREEN NRG is 2.7% (moderate). The 2025 annual accounts show negative equity (€-46k) and a net result of €-13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 127 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
19
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▲+7
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.49 in 2024; short-term debt: 159.9% and cash: 0.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 27
Relative position
BE, all sectors
reference
Sector 27
higher
← 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
-63.1%
Return on assets
-18.4%
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
1819202122232425
2018 to 2025 · latest year €-46k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
20 d late
2024
38 d early
2023
35 d early
2022
40 d early
2021
39 d early
2020
11 d late
2019
11 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-46k▼ 41.1%
2024 · €-33k
2018: €31k
2019: €16k
2020: €28k
2021: €28k
2022: €49k
2023: €71k
2024: €-33k
2018 → 2025
Total assets
€73k▼ 39.5%
2024 · €121k
2018: €233k
2019: €206k
2020: €212k
2021: €187k
2022: €148k
2023: €147k
2024: €121k
2018 → 2025
Net result
€-13k▲ 87.0%
2024 · €-103k
2018: €13k
2019: €-15k
2020: €12k
2021: €-55
2022: €20k
2023: €22k
2024: €-103k
2018 → 2025
Working capital
€-80k▼ 6.7%
2024 · €-75k
2018: €36k
2019: €21k
2020: €17k
2021: €-21k
2022: €-8k
2023: €14k
2024: €-75k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€49k▲ 72.9%€71k▲ 45.8%€-33k€-46k▼ 41.1%
Operating result€2k-€28k▲ 1,395%€29k▲ 6.5%€-102k€-7k▲ 92.9%
Net result€-55-€20k€22k▲ 8.5%€-103k€-13k▲ 87.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €102k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73k
Fixed assets
€36k▼ 26.5%
Current assets
€37k▼ 48.3%
Key figures and ratios
EBITDA
€5k▲
2024 · €-90k
Cash flow
€-1k▲
2024 · €-91k
Solvency
-63.1%▼
2024 · -27.1%
Current ratio
0.32▼
2024 · 0.49
Quick ratio
0.23▼
2024 · 0.32
Debt / equity
-2.59▲
2024 · -4.70
ROA
-18.4%▲
2024 · -85.7%
Interest coverage
0.79▲
2024 · -21.95
Debt
€119k▼
2024 · €153k
Debt ≤ 1 year
€117k▼
2024 · €146k
Debt > 1 year
€2k▼
2024 · €7k
Staff costs
€15k▲
2024 · €12k
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€121k€73k▼
Fixed assets21/28€49k€36k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€42k€31k▼
Plant, machinery and equipment23€16k€8k▼
Furniture and vehicles24€5k€4k▼
Other tangible fixed assets26€21k€19k▼
Financial fixed assets28€4k€3k▼
Current assets29/58€72k€37k▼
Stocks and contracts in progress3€25k€10k▼
Stocks30/36€10k€10k▼
Contracts in progress37€15k€0▼
Amounts receivable within one year40/41€46k€27k▼
Trade receivables40€31k€17k▼
Other amounts receivable41€15k€10k▼
Cash at bank and in hand54/58€816€656▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€121k€73k▼
Equity10/15€-33k€-46k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-53k€-67k▼
Amounts payable17/49€153k€119k▼
Amounts payable after more than one year17€7k€2k▼
Financial debts170/4€7k€2k▼
Amounts payable within one year42/48€146k€117k▼
Current portion of amounts payable after more than one year42€4k€5k▲
Financial debts43€56k€51k▼
Credit institutions430/8€56k€51k▼
Trade debts44€60k€24k▼
Suppliers440/4€60k€24k▼
Taxes, remuneration and social security45€5k€8k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€22k€29k▲
Accrued charges and deferred income492/3€269€320▲
Income statement
Code20242025
Remuneration, social security and pensions62€12k€15k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-76k€23k▲
Operating profit (loss)9901€-102k€-7k▲
Financial income75/76B€3k€333▼
Recurring financial income75€198€2▼
Non-recurring financial income76B€3k€331▼
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€-103k€-13k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-103k€-13k▲
Profit (loss) for the period to be appropriated9905€-103k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-53k€-67k▼
Profit (loss) brought forward from the previous period14P€50k€-53k▼
Social balance
Average headcount (FTE)9087-0.3
The notes to these accounts (20 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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
19-08
State Gazette act
RestructuringMerger · Accounting effect · Net-asset statement10 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Net-asset statement10 facts ▸
- Merger, fusion by absorption with simplified procedure
- Accounting effect, 2026-10-01
- Net-asset statement, 20460.0, 100
- Net-asset statement, 3000.0, 100
- Corporate purpose, HVAC installateur verwarming, ventilatie, airconditioning. Fabricage, plaatsing, onderhoud, herstelling, verhuring, groot- en kleinhandel in airconditioning, ve…
- Corporate purpose, Het verlenen van diensten en adviezen aan personen en bedrijven, in het algemeen met betrekking tot het logistiek, bedrijfsbeheer, verkoop, consultancy, bedrijf…
- Name change, JS KLIMA
- Shareholding, 100, 100
- Balance sheet date, 2026-09-30
- No business activity, ja
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-103k ▼565%
Net result drops to €-103k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €22k ▲8.5%
Operating result €29k, net result €22k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Buggenhout · 2 establishment units since 2018
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.
Otto De Maeyerstraat 179255 BuggenhoutGround area
501 m²
Building footprint
187 m²
Volume, LiDAR
1,049 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
GREEN NRG
since 20182.271.221.346
Green NRG
since 20232.347.386.241
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23048E0209/00N000 | Flanders | 264 m² | 1 · 120 m² | 9.5 m · 1 fl. |
| 42004A0950/00K000 | Flanders | 238 m² | 1 · 67 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
1 transactionTook over:JS KLIMA BV
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BLOZOEN EUROPE
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Of 262 companies in sector 27110 we hold annual accounts for 173. 102 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2017
Fiscal year end31-12
Activities, NACEBEL
27110Manufacture of electrical equipment
43222Installation of electric heating, air conditioning, cooling and ventilation
27402Manufacture of electrical equipment
27510Manufacture of electrical equipment
28250Manufacture of machinery and equipment not elsewhere classified
33110Repair and maintenance of fabricated metal products
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
43221Plumbing work
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
43350Other building finishing work
46842Wholesale trade
47527Retail trade
47529Retail trade
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.