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GREEN POWER

Active
Private limited companyfounded 201610 yrs activeWerchtersesteenweg 3, 3150 Haacht, BelgiumKBO/BCE: BE 0645.903.994
Summary

GREEN POWER has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24,115 and a net result of €10,561. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 7464 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisWatch ReportCompare
GREEN POWERActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Activity
Joinery installation
NACE 43320
1 site
Size
€73,585total assets 2024
Equity
€24,115
Profit
€10,561
Turnover not published (abridged schema)
Financial health
69 Healthy Checked score 2024
Bankruptcy chance 12 m
0.9%
Structure
Parent
Zenit Group · 100%
Accounts 64 d overdue0 of 6 deeds read
Why 69- Figures for FY 2024 (filed 13-06-2025)- 1 financial year not filed after the legal deadline; 1 of the last 3 late+ Liquidity: current ratio 3.19, cash €58,373+ Size: total assets €73,585Show the evidence

Checked score

Score 2024
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 70% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 58-1
equity 32.8% of total assets
Liquidity 87+60
short-term debt 31.3% · cash 79.3%
Profitability 87+79
return on assets 14.4%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,046 companies)
Last 24 months 11-2024: 6.0% 12-2024: 6.0%● 0.0% vs 11-2024 01-2025: 5.9%▼ -1.8% vs 12-2024 02-2025: 5.9%● 0.0% vs 01-2025 03-2025: 6.0%▲ +0.8% vs 02-2025 04-2025: 6.2%▲ +3.9% vs 03-2025highest value 05-2025: 6.2%▼ -0.2% vs 04-2025 06-2025: 6.0%▼ -2.5% vs 05-2025 07-2025: 2.1%▼ -64.6% vs 06-2025 08-2025: 2.1%● 0.0% vs 07-2025 09-2025: 2.1%● 0.0% vs 08-2025 10-2025: 2.1%● 0.0% vs 09-2025 11-2025: 2.1%● 0.0% vs 10-2025 12-2025: 2.1%● 0.0% vs 11-2025 01-2026: 1.9%▼ -9.3% vs 12-2025 02-2026: 0.4%▼ -80.1% vs 01-2026 03-2026: 0.4%▼ -0.5% vs 02-2026lowest value 04-2026: 0.4%▲ +0.5% vs 03-2026 05-2026: 0.5%▲ +18.2% vs 04-2026 06-2026: 0.4%▼ -1.1% vs 05-2026 07-2026: 0.4%▼ -9.3% vs 06-2026 08-2026: 0.8%▲ +84.8% vs 07-2026 09-2026: 0.4%▼ -40.6% vs 08-2026 10-2026: 0.9%▲ +92.0% vs 09-2026
  • Figures for FY 2024 (filed 13-06-2025) raises the probability
  • Liquidity: current ratio 3.19, cash €58,373 lowers the probability
  • 1 financial year not filed after the legal deadline; 1 of the last 3 late raises the probability
  • Size: total assets €73,585 lowers the probability for this profile
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 3.19 against 1.49 in 2023; short-term debt: 31.3% and cash: 79.3% of total assets), but 67.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 34%, liquidity 84%, profitability 72%, growth against the median 89%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 13-06-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 3.19, cash €58,373
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Size: total assets €73,585
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €24,115
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
not confirmed
2024
48 d early
2023
47 d early
2022
61 d late
2021
57 d late
2020
88 d late
2019
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · abbreviated…
  2. Back to profitnet €10,561
  3. Liquidity doublescurrent ratio 3.19

Key points

  • Caution: Among the weakest 10% on equitysector median €343,686 · 7,465 companies €24,115 View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View
  • Controlled by Zenit Groupknown shareholders 100% 100% View

By topic

Financials

Fiscal year
2024
Total assets
€73,585
Profit
€10,561
Solvency
32.8%
Total assets▲ 87.3%
Net result
20182024
Go to Financials

Timeline

Events
14
Since
2017
  1. 13-06-2025Annual accounts filed
  2. 31-12-2024Back to profit
  3. 31-12-2024Liquidity doubles
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
13-01-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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