GREEN PALM
Open bankruptcyA bankruptcy procedure is open for GREEN PALM according to publications in the Belgian State Gazette; curator: ALEXANDRE SAUSSEZ. The 2023 annual accounts show negative equity (€-67k) and a net result of €-1k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 05-10-2024, 66 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
66 d late
2022
29 d late
2021
30 d late
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€-67k▼ 1.5%
2022 · €-66k
2018: €31k
2019: €95k
2020: €24k
2021: €17k
2022: €-66k
2018 → 2023
Total assets
€140k▼ 1.9%
2022 · €143k
2018: €190k
2019: €152k
2020: €151k
2021: €153k
2022: €143k
2018 → 2023
Net result
€-1k▲ 98.8%
2022 · €-83k
2018: €118k
2019: €-5k
2020: €-1k
2021: €-7k
2022: €-83k
2018 → 2023
Working capital
€54k▼ 1.9%
2022 · €55k
2018: €152k
2019: €95k
2020: €145k
2021: €138k
2022: €55k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€95k-€24k▼ 74.5%€17k▼ 28.0%€-66k€-67k▼ 1.5%
Operating result€-10k-€-4k▲ 57.1%€-6k▼ 57.1%€-979
Net result€-5k-€-1k▲ 75.1%€-7k▼ 421%€-83k▼ 1,133%€-1k▲ 98.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-979 in 2023, compared with €-6k in 2021. Comparable figures for the intervening years are unavailable.
Key figures and ratios
Solvency
-47.7%▼
2022 · -46.1%
Current ratio
1.63=
2022 · 1.62
Quick ratio
1.63=
2022 · 1.62
Debt / equity
-1.29▲
2022 · -1.33
ROA
-0.7%▲
2022 · -58.3%
Debt
€86k▼
2022 · €88k
Debt ≤ 1 year
€86k▼
2022 · €88k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€143k€140k▼
Current assets29/58€143k€140k▼
Amounts receivable after more than one year29€109k€109k=
Other amounts receivable291€109k€109k=
Amounts receivable within one year40/41€34k€31k▼
Trade receivables40€3k-
Other amounts receivable41€31k€31k=
Equity and liabilities
Total equity and liabilities10/49€143k€140k▼
Equity10/15€-66k€-67k▼
Contributions10/11€26k€26k=
Capital10€26k€26k=
Issued capital100€26k€26k=
Reserves13€288k€288k=
Tax-exempt reserves132€288k€288k=
Profit (loss) carried forward14€-380k€-382k▼
Provisions and deferred taxes16€121k€121k=
Deferred taxes168€121k€121k=
Amounts payable17/49€88k€86k▼
Amounts payable within one year42/48€88k€86k▼
Financial debts43€898€898=
Credit institutions430/8€898€898=
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€83k€83k=
Taxes450/3€83k€83k=
Income statement
Code20222023
Other operating charges640/8-€732
Gross operating margin9900-€-248
Operating profit (loss)9901-€-979
Financial charges65/66B€2k€42▼
Recurring financial charges65€2k€42▼
Profit (loss) for the period before taxes9903€-2k€-1k▲
Income taxes67/77€81k-
Profit (loss) for the period9904€-83k€-1k▲
Profit (loss) for the period to be appropriated9905€-83k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-380k€-382k▼
Profit (loss) brought forward from the previous period14P€-297k€-380k▼
Timeline · acts, filings and financial milestones
2025
27-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL GREEN PALM AVENUE LOUISE 390, 1050 IXELLES · event 20-01-2025
2024
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 66 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-83k
Net result drops to €-83k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 572 days late
2020
31-12
Financial
Liquidity times 10current ratio 27.21
Current ratio from 2.67 to 27.21; short-term debt falls from €57k to €6k.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel
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.
Louizalaan 3901050 BrusselGround area
1,228 m²
Building footprint
529 m²
Volume, LiDAR
8,602 m³
Parcel 21807G0218/00E016, Brussels · tallest building 24.9 m, ±7 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0218/00E016 | Brussels | 1,228 m² | 1 · 529 m² | 24.9 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALEXANDRE SAUSSEZ LEUVENSESTEENWEG 369,
1932 SINT-STEVENS-WOLUWE |
20-01-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-10-2018
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.