GREEN QUALITY
ActiveGREEN QUALITY has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €128k and a net result of €-4k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 68% of 5895 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▼-4
Solvency84▲+6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.6 against 1.95 in 2023; short-term debt: 27.2% and cash: 31.4% of total assets), and 40.9% of the assets are financed with debt.
Credit advice for your own amount and term
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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
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 2024Solvency, return and age of the figures
Solvency
59.1%
Return on assets
-2%
Age of the figures
21 mo
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 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
42 d early
2022
55 d early
2021
2 d early
2020
27 d late
2019
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€128k▼ 3.2%
2023 · €132k
2018: €156k
2019: €168k
2020: €168k
2021: €132k
2022: €138k
2023: €132k
2018 → 2024
Total assets
€217k▼ 12.9%
2023 · €249k
2018: €300k
2019: €289k
2020: €300k
2021: €322k
2022: €292k
2023: €249k
2018 → 2024
Net result
€-4k
2023 · €2k
2018: €8k
2019: €12k
2020: €484
2021: €1k
2022: €5k
2023: €2k
2018 → 2024
Working capital
€94k▲ 27.4%
2023 · €74k
2018: €73k
2019: €86k
2020: €54k
2021: €31k
2022: €56k
2023: €74k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€168k-€132k▼ 21.2%€138k▲ 4.0%€132k▼ 3.9%€128k▼ 3.2%
Operating result€2k-€5k▲ 125%€10k▲ 110%€6k▼ 39.5%€-2k
Net result€484-€1k▲ 120%€5k▲ 393%€2k▼ 58.5%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €6k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €217k
Fixed assets
€63k▼ 34.7%
Current assets
€153k▲ 1.0%
Equity and liabilities €217k
Equity
€128k▼ 3.2%
Debt
€89k▼ 23.9%
The debt ratio falls from 46.9% to 40.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€27k▼
2023 · €44k
Cash flow
€25k▼
2023 · €40k
Solvency
59.1%▲
2023 · 53.1%
Current ratio
2.60▲
2023 · 1.95
Quick ratio
2.60▲
2023 · 1.95
Debt / equity
0.69▼
2023 · 0.88
ROE
-3.3%▼
2023 · 1.6%
ROA
-2.0%▼
2023 · 0.9%
Interest coverage
13.29▼
2023 · 13.77
Debt
€89k▼
2023 · €117k
Debt ≤ 1 year
€59k▼
2023 · €78k
Debt > 1 year
€29k▼
2023 · €38k
Income taxes
€0▼
2023 · €1k
Staff costs
€146k▼
2023 · €146k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€249k€217k▼
Fixed assets21/28€97k€63k▼
Tangible fixed assets22/27€97k€63k▼
Land and buildings22€12k€6k▼
Plant, machinery and equipment23€5k€1k▼
Furniture and vehicles24€25k€9k▼
Leasing and similar rights25€56k€47k▼
Current assets29/58€152k€153k▲
Amounts receivable within one year40/41€48k€82k▲
Trade receivables40€45k€54k▲
Other amounts receivable41€4k€29k▲
Cash at bank and in hand54/58€98k€68k▼
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€249k€217k▼
Equity10/15€132k€128k▼
Contributions10/11€19k€19k=
Reserves13€114k€109k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€114k€109k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€117k€89k▼
Amounts payable after more than one year17€38k€29k▼
Financial debts170/4€38k€29k▼
Amounts payable within one year42/48€78k€59k▼
Current portion of amounts payable after more than one year42€12k€8k▼
Trade debts44€32k€23k▼
Suppliers440/4€32k€23k▼
Taxes, remuneration and social security45€21k€27k▲
Taxes450/3€3k€12k▲
Remuneration and social security454/9€18k€15k▼
Other amounts payable47/48€13k€10▼
Accrued charges and deferred income492/3€899€341▼
Income statement
Code20232024
Non-recurring operating income76A-€22k
Remuneration, social security and pensions62€146k€146k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€29k▼
Other operating charges640/8€809€1k▲
Gross operating margin9900€191k€174k▼
Operating profit (loss)9901€6k€-2k▼
Financial income75/76B€165€108▼
Recurring financial income75€165€108▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€3k€-4k▼
Income taxes67/77€1k€0▼
Profit (loss) for the period9904€2k€-4k▼
Profit (loss) for the period to be appropriated9905€2k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-4k▼
Transfer from equity791/2€8k€4k▼
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
Profit to be distributed694/7€8k€0▼
Return on contributions (dividend)694€8k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-4k ▼294%
Net result drops to €-4k, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €12k ▲57.5%
Operating result €19k, net result €12k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wuustwezel · 1 establishment unit since 1999
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.
Bosduinstraat 512990 WuustwezelGround area
351 m²
Building footprint
347 m²
Volume, LiDAR
2,063 m³
Parcel 11682G0462/00L005, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bosduinstraat 51, 2990 Wuustwezel
since 19992.091.037.215
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11682G0462/00L005 | Flanders | 350 m² | 1 · 347 m² | 10.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,925 EUR awarded · 1,925 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 623 EUR | 623 EUR |
| 2024 | 1 | 1,110 EUR | 1,110 EUR |
| 2023 | 1 | 192 EUR | 192 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsGroenaanleg en –beheer duaal (so)
Medewerker groen- en tuinbeheer (vwo)
Medewerker groen- en tuinbeheer duaal (so)
Similar companies · same sector, comparable size
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BB Aménagements Extérieurs
BE 0693.735.882
Orp-Jauche · Eq €128k
CEDRIC MERCKX
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DONOVAN JARDINS
BE 0743.573.294
Mouscron · Eq €128k
Of 21,219 companies in sector 81300 we hold annual accounts for 4,363. 3,577 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-1999
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
81300Landscape service activities
02100Forestry and logging
Sources
Crossroads Bank for EnterprisesNational Bank · 25 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.
Contact details
2 entriesE-mail:info@green-quality.be
Phone:03/313.72.37