GREEN ROAD

Active

Public limited companyfounded 200224 yrs activeBrugstraat 16 C, 9260 Wichelen, BelgiumKBO/BCE: BE 0477.383.322

GREEN ROAD has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €841k and a net result of €368k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 493 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

71 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability90▲+73

Solvency63▲+13

Growth32=

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €55k at 30 days acceptable

Liquidity ample (current ratio 1.57 against 1.35 in 2023; short-term debt: 56.6% and cash: 14.5% of total assets), but 61.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 42

Relative position

BE, all sectors

reference

Sector 42

higher

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

38.3%

Return on assets

16.8%

Age of the figures

20 mo

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 €841k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

16 d early

2023

40 d early

2022

18 d early

2021

25 d early

2020

32 d early

2019

20 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, abbreviated schema

Equity

€841k▲ 78.0%

2023 · €472k

2018: €1.65M 2019: €2.15M 2020: €274k 2021: €589k 2022: €621k 2023: €472k

2018 → 2024

Total assets

€2.19M▲ 17.7%

2023 · €1.86M

2018: €2.56M 2019: €2.63M 2020: €1.34M 2021: €1.75M 2022: €1.84M 2023: €1.86M

2018 → 2024

Net result

€368k

2023 · €-149k

2018: €493k 2019: €499k 2020: €122k 2021: €315k 2022: €32k 2023: €-149k

2018 → 2024

Working capital

€713k▲ 85.0%

2023 · €385k

2018: €1.40M 2019: €1.96M 2020: €4k 2021: €347k 2022: €463k 2023: €385k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€274k-€589k▲ 115%€621k▲ 5.4%€472k▼ 23.9%€841k▲ 78.0%

Operating result€136k-€302k▲ 122%€57k▼ 81.2%€-79k€397k

Net result€122k-€315k▲ 159%€32k▼ 89.9%€-149k€368k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €397k after a loss of €79k in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.19M

11%

89.2%

Fixed assets €238k▼ 35.7%

Current assets €1.95M▲ 31.0%

Equity and liabilities €2.19M

38.3%

61.7%

Equity €841k▲ 78.0%

Debt €1.35M▼ 2.7%

The debt ratio falls from 74.6% to 61.7%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€542k▲

2023 · €63k

Cash flow

€513k▲

2023 · €-6k

Solvency

38.3%▲

2023 · 25.4%

Current ratio

1.57▲

2023 · 1.35

Quick ratio

1.32▲

2023 · 1.24

Debt / equity

1.61▼

2023 · 2.94

ROE

43.8%▲

2023 · -31.5%

ROA

16.8%▲

2023 · -8.0%

Interest coverage

10.20▲

2023 · 0.99

Debt

€1.35M▼

2023 · €1.39M

Debt ≤ 1 year

€1.24M▲

2023 · €1.11M

Debt > 1 year

€74k▼

2023 · €162k

Income taxes

€5k▼

2023 · €20k

Staff costs

€349k▲

2023 · €348k

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€1.86M€2.19M▲

Fixed assets21/28€370k€238k▼

Tangible fixed assets22/27€346k€214k▼

Plant, machinery and equipment23€4k€15k▲

Furniture and vehicles24€166k€76k▼

Leasing and similar rights25€168k€117k▼

Other tangible fixed assets26€8k€6k▼

Financial fixed assets28€24k€24k=

Current assets29/58€1.49M€1.95M▲

Stocks and contracts in progress3€115k€320k▲

Stocks30/36€92k€73k▼

Contracts in progress37€22k€247k▲

Amounts receivable within one year40/41€873k€1.30M▲

Trade receivables40€511k€468k▼

Other amounts receivable41€362k€835k▲

Cash at bank and in hand54/58€493k€318k▼

Deferred charges and accrued income490/1€12k€13k▲

Equity and liabilities

Total equity and liabilities10/49€1.86M€2.19M▲

Equity10/15€472k€841k▲

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€408k€408k=

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k€6k=

Tax-exempt reserves132€56k€56k=

Distributable reserves133€346k€346k=

Profit (loss) carried forward14€2k€370k▲

Amounts payable17/49€1.39M€1.35M▼

Amounts payable after more than one year17€162k€74k▼

Financial debts170/4€162k€74k▼

Amounts payable within one year42/48€1.11M€1.24M▲

Current portion of amounts payable after more than one year42€87k€87k▲

Financial debts43€900k€950k▲

Credit institutions430/8€900k€950k▲

Trade debts44€70k€154k▲

Suppliers440/4€70k€154k▲

Advances received on contracts in progress46€2k€0▼

Taxes, remuneration and social security45€49k€50k▲

Taxes450/3€8k€7k=

Remuneration and social security454/9€41k€43k▲

Accrued charges and deferred income492/3€121k€36k▼

Income statement Code20232024

Remuneration, social security and pensions62€348k€349k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142k€145k▲

Other operating charges640/8€20k€11k▼

Non-recurring operating charges66A€0-

Gross operating margin9900€432k€902k▲

Operating profit (loss)9901€-79k€397k▲

Financial income75/76B€14k€29k▲

Recurring financial income75€14k€29k▲

Financial charges65/66B€64k€53k▼

Recurring financial charges65€64k€53k▼

Profit (loss) for the period before taxes9903€-129k€374k▲

Income taxes67/77€20k€5k▼

Profit (loss) for the period9904€-149k€368k▲

Profit (loss) for the period to be appropriated9905€-149k€368k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-148k€370k▲

Profit (loss) brought forward from the previous period14P€722€2k▲

Transfer from equity791/2€150k€0▼

Transfer to equity691/2€0-

To other reserves6921€0-

Social balance

Average headcount (FTE)90876.56.5=

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 17Financial 7Filings 10

2025

15-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €368k

Net result €368k after one loss-making year.

31-12

Financial Equity above €500kEq €841k ▲78%

Equity rises from €472k to €841k.

21-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €-149k ▼567%

Net result drops to €-149k, the lowest in the series; recovery starts the following year.

13-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

06-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Equity above €500kEq €589k ▲115%

4 profitable years in a row build equity to €589k.

29-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

10-04

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

30-09

Financial Highest result since 2018net €499k ▲1.2%

Operating result €625k, net result €499k, both a record.

30-09

Financial Liquidity doublescurrent ratio 6.16

Current ratio from 3.02 to 6.16; short-term debt falls from €690k to €380k.

30-09

Financial Equity above €2MEq €2.15M ▲30.2%

2 profitable years in a row build equity to €2.15M.

29-04

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

26-03

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

28-04

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

31-03

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

13 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, Wichelen · 1 establishment unit since 2002

establishment The establishment unit on the map

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.

Brugstraat 16 C9260 Wichelen

Ground area

95 m²

Building footprint

95 m²

Volume, LiDAR

491 m³