Active BE 0811.023.334Private limited company

GREEN PEPPER

Kasteelstraat 29 ·9820 Merelbeke-Melle, Belgium· 17 yrs active

Sector: Other business support services (82990)

Conclusion Checked

GREEN PEPPER has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €189k and a net result of €47k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 21% of 2211 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€189k
Net result	€47k
Better than sector	21%
Active	17 yrs

Financial profile 5 of 5 axes measured · computed by Checked

66 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 46

Profitability 100

Solvency 6

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.3% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2009, 17 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

46 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€9k

estimate, not credit advice

Score history

40 2020

58 2021

61 2022

20 2023

46 2024

46 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.29 (< 1.0) -10

Quick ratio Quick ratio 0.29 (< 0.6) -5

Leverage Debt/equity 9.91 (> 3.0) -10

Profitability ROE 25% (≥ 10%) +10

Interest coverage Interest coverage 2.6× +3

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview12 NBB filings

Annual accounts filed on 19-08-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~6.9%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 82, Office administrative, office support and other business support activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	9.2%	41.3%	better than 21% of 2211 sector peers
Net result	€47k	€21k	better than 61% of 2211 sector peers
Equity	€189k	€214k	better than 47% of 2211 sector peers
Gross operating margin	€206k	€84k	better than 68% of 2190 sector peers
Total assets	€2.06M	€734k	better than 74% of 2214 sector peers

EBITDA

€192k

+18.4% 20-25

Net profit

€47k

+65.9% 20-25

Cash flow

€119k

+29.7% 20-25

Total assets

€2.06M

+0.7% 20-25

Equity

€189k

+32.9% 20-25

Working capital

€-222k

+2.1% 20-25

Income taxes

€348

-15.6% 20-25

Debt

€1.87M

-1.7% 20-25

Debt ≤ 1y

€314k

+21.3% 20-25

Debt > 1y

€1.56M

-5.3% 20-25

Current ratio

0.29

+137.2% 20-25

Quick ratio

0.29

+137.2% 20-25

Solvency

9.2%

+31.9% 20-25

Debt / equity

9.91

-26.0% 20-25

ROE

24.8%

+24.9% 20-25

ROA

2.3%

+64.7% 20-25

Interest coverage

2.65

+14.2% 20-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-	-
EBITDA	€192k	€162k	€157k	-	-
Net profit	€47k	€28k	€-72k	€42k	€32k
Cash flow	€119k	€92k	€151k	-	-
Staff costs	-	-	-	-	-
Income taxes	€348	€412	€411	€20k	€7k
Dividends	-	-	-	-	-
Total assets	€2.06M	€2.04M	€2.07M	€437k	€499k
Equity	€189k	€142k	€114k	€186k	€144k
Debt	€1.87M	€1.90M	€1.95M	€251k	€354k
of which ≤ 1y	€314k	€259k	€351k	€186k	€274k
of which > 1y	€1.56M	€1.64M	€1.60M	€65k	€80k
Working capital	€-222k	€-227k	€-225k	€-31k	€-58k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.29	0.12	0.36	0.83	0.79
Quick ratio	0.29	0.12	0.36	0.83	0.79
Working capital ratio	-10.8%	-11.1%	-10.9%	-7.1%	-11.6%
Solvency	9.2%	6.9%	5.5%	42.6%	29.0%
Debt / equity	9.91	13.40	17.16	1.35	2.45
Long-term debt ratio	8.25	11.58	14.08	0.35	0.55
Interest coverage	2.65	2.32	23.61	-	-
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	2.3%	1.4%	-3.5%	9.5%	6.4%
ROE	24.8%	19.8%	-63.5%	22.4%	22.0%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €1.97M · 95.5% Current assets €92k · 4.5%

Equity & liabilities

Equity €189k · 9.2% Debt €1.87M · 90.8%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.06M	€2.04M	€2.07M	€437k	€499k
Fixed assets	21/28	€1.97M	€2.01M	€1.94M	€282k	€282k
Tangible fixed assets	22/27	€1.69M	€1.73M	€1.66M	-	-
Financial fixed assets	28	€282k	€282k	€282k	€282k	€282k
Current assets	29/58	€92k	€32k	€126k	€155k	€217k
Amounts receivable within one year	40/41	€80k	€23k	€115k	€102k	€212k
Cash & bank	54/58	€11k	€6k	€9k	€52k	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.06M	€2.04M	€2.07M	€437k	€499k
Equity	10/15	€189k	€142k	€114k	€186k	€144k
Contributions / capital	10/11	€19k	€19k	€19k	€19k	€19k
Reserves	13	€170k	€123k	€95k	€168k	€126k
Amounts payable	17/49	€1.87M	€1.90M	€1.95M	€251k	€354k
Amounts payable after one year	17	€1.56M	€1.64M	€1.60M	€65k	€80k
Amounts payable within one year	42/48	€314k	€259k	€351k	€186k	€274k
Trade debts payable within one year	44	€67k	€18k	€3k	€98k	€72k
Income statement
Gross operating margin	9900	€206k	€176k	€159k	€67k	€44k
Operating result	9901	€120k	€99k	€-65k	€65k	€42k
Financial income	75	-	€0	€126	€0	€28
Financial charges	65	€73k	€70k	€7k	€4k	€4k
Result before taxes	9903	€47k	€29k	€-72k	€62k	€39k
Income taxes	67/77	€348	€412	€411	€20k	€7k
Net result for the period	9904	€47k	€28k	€-72k	€42k	€32k
Result to be appropriated	9905	€47k	€28k	€-72k	€42k	€32k

Directors & mandates 2 directors

Current directors & mandates

Claes, Niki
Statutaire bestuurder
State Gazette act 23312216 (08-02-2023)

Current
08-02-2023 → present

Former directors (1)

Basselier, Bart
Statutaire bestuurder
State Gazette act 23312216 (08-02-2023)

Former
- → 08-02-2023

Legal Structure

NACE primary	Other business support services(82990)
Legal form	Private limited company(610)
Incorporation	08-04-2009
Status	Active
Postal code	9820

Establishment units 1 location

Kasteelstraat 29, 9820 Merelbeke-Melle

Renting and operating of own or leased non-residential real estate, excluding land

since 20092.177.445.706

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44041A0742/00S003	Flanders	179 m²	1 · 79 m²	8.7 m · 2 fl.

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.

Updates 11 events

All 17Financial 6Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

19-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 19 days late

2025

31-12

Financial Highest result since 2020net €47k ▲65.9%

Operating result €120k, net result €47k, both a record.

31-12

Financial Equity above €150kEq €189k ▲32.9%

2 profitable years in a row build equity to €189k.

11-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 11 days late

2024

31-12

Financial Back to profitnet €28k

Net result €28k after one loss-making year.

12-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 12 days late

2023

31-12

Financial Weakest financial yearnet €-72k ▼273%

Net result drops to €-72k, the lowest in the series; recovery starts the following year.

11-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

08-02

State Gazette act Director changes

Petra François

2022

31-12

Financial Equity above €150kEq €186k ▲28.9%

2 profitable years in a row build equity to €186k.

25-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 25 days late

2021

31-12

Financial Back to profitnet €32k

Net result €32k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 30 days late

2020

07-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 38 days late

2019

27-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 27 days late

2018

30-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 31 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2023

08-02-2023 1 director appointed, 1 resigning, 1 reappointed Director changes·Petra François

Claes, Niki, Statutaire bestuurder
Basselier, Bart, Statutaire bestuurder
Basselier, Bart, Statutaire bestuurder

Notary: Petra François · Gent

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Other business support services82990

Names & trade names

Legal nameNL

GREEN PEPPER

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