GREEN SYSTEMS
ActiveSummary
GREEN SYSTEMS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€155,613) and a net result of -€791,070. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-62
Solvency0▼-100
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 5.42 in 2023; cash: 46.7% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Age of the figures
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€155,613
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
49 d early
2022
25 d early
2021
47 d early
2020
32 d early
2019
25 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 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€155,613
2023 · €635,458
Total assets
€5,137▼ 99.3%
2023 · €779,216
Net result
-€791,070
2023 · €75,012
Working capital
-€155,813
2023 · €635,258
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€32,675-€2,443-€2,800▼ 14.6%-€8,362▼ 199%-€840,715▼ 9,954%
Net result€30,600€35,054▲ 14.6%€27,294▼ 22.1%€75,012▲ 175%-€791,070
Equity€498,097▲ 6.5%€533,151▲ 7.0%€560,446▲ 5.1%€635,458▲ 13.4%-€155,613
Total assets€512,640▲ 8.1%€543,715▲ 6.1%€572,169▲ 5.2%€779,216▲ 36.2%€5,137▼ 99.3%
Debt€14,543▲ 114%€10,564▼ 27.4%€11,723▲ 11.0%€143,758▲ 1,126%€160,750▲ 11.8%
Working capital€497,897▲ 6.5%€532,951▲ 7.0%€560,246▲ 5.1%€635,258▲ 13.4%-€155,813
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €840,715 in 2024 against €8,362 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5,137
Fixed assets
€200 =
Current assets
€4,937 ▼ 99.4%
Key figures and ratios
Current ratio
0.03▼
2023 · 5.42
Debt to equity
-1.03▼
2023 · 0.23
Debt ≤ 1 year
€160,750▲
2023 · €143,758
A ratio outside any meaningful range has been withheld (balance sheet total €5,137, equity -€155,613).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1.1m | - |
| Other operating charges640/8 | - | €1,485 | €475 | €3,647 | €451 | ▼ 87.6% |
| Gross operating margin9900 | €33,665 | -€958 | -€2,324 | -€4,715 | €269,690 | ▲ 5,820% |
| Operating profit (loss)9901 | €32,675 | -€2,443 | -€2,800 | -€8,362 | -€840,715 | ▼ 9,954% |
| Financial income75/76B | - | €38,691 | €30,810 | €84,527 | €49,717 | ▼ 41.2% |
| Recurring financial income75 | - | €38,691 | €30,810 | €84,527 | €49,717 | ▼ 41.2% |
| Financial charges65/66B | - | €1,194 | €716 | €1,153 | €72 | ▼ 93.8% |
| Recurring financial charges65 | €2,075 | €1,194 | €716 | €1,153 | €72 | ▼ 93.8% |
| Profit (loss) for the period before taxes9903 | €30,600 | €35,054 | €27,294 | €75,012 | -€791,070 | ▼ 1,155% |
| Profit (loss) for the period9904 | €30,600 | €35,054 | €27,294 | €75,012 | -€791,070 | ▼ 1,155% |
| Profit (loss) for the period to be appropriated9905 | €30,600 | €35,054 | €27,294 | €75,012 | -€791,070 | ▼ 1,155% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €512,640 | €543,715 | €572,169 | €779,216 | €5,137 | ▼ 99.3% |
| Fixed assets21/28 | €200 | €200 | €200 | €200 | €200 | = |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €512,440 | €543,515 | €571,969 | €779,016 | €4,937 | ▼ 99.4% |
| Amounts receivable within one year40/41 | €0 | €305,169 | €300,220 | €715,111 | €2,437 | ▼ 99.7% |
| Trade receivables40 | - | €4,500 | €0 | €4,235 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €300,669 | €300,220 | €710,876 | €2,437 | ▼ 99.7% |
| Current investments50/53 | €427,126 | €209,135 | €205,104 | €0 | - | - |
| Cash at bank and in hand54/58 | €85,214 | €18,167 | €25,600 | €3,806 | €2,400 | ▼ 36.9% |
| Deferred charges and accrued income490/1 | - | €11,045 | €41,045 | €60,100 | €100 | ▼ 99.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €512,640 | €543,715 | €572,169 | €779,216 | €5,137 | ▼ 99.3% |
| Equity10/15 | €498,097 | €533,151 | €560,446 | €635,458 | -€155,613 | ▼ 124% |
| Contributions10/11 | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Capital10 | - | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Issued capital100 | - | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Profit (loss) carried forward14 | -€3.0m | -€2.9m | -€2.9m | -€2.8m | -€3.6m | ▼ 27.8% |
| Amounts payable17/49 | €14,543 | €10,564 | €11,723 | €143,758 | €160,750 | ▲ 11.8% |
| Amounts payable within one year42/48 | €14,543 | €10,564 | €11,723 | €143,758 | €160,750 | ▲ 11.8% |
| Financial debts43 | - | - | €19 | €0 | - | - |
| Credit institutions430/8 | - | - | €19 | €0 | - | - |
| Trade debts44 | €81 | €852 | €64 | €158 | €9,985 | ▲ 6,207% |
| Suppliers440/4 | - | €852 | €64 | €158 | €9,985 | ▲ 6,207% |
| Taxes, remuneration and social security45 | - | €0 | - | - | - | - |
| Taxes450/3 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €9,713 | €11,640 | €143,600 | €150,764 | ▲ 5.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,600 | €35,054 | €27,294 | €75,012 | -€791,070 | ▼ 1,155% |
| Operating cash flow (approximation) | €30,600 | €35,054 | €27,294 | €75,012 | -€791,070 | ▼ 1,155% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€67,047 | €7,433 | -€21,794 | -€1,406 | ▲ 93.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
17-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, numéro 24 boîte 12 de l'Avenue Edmond Van Nieuwenhuyse à 1160 Auderghem
- Registered-office move, numéro 24 boîte 12 de l'Avenue Edmond Van Nieuwenhuyse à 1160 Auderghem
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial
Weakest financial yearnet -€791,070
Net result drops to -€791,070, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €75,012 ▲175%
Net result €75,012, the highest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500,000Eq €533,151 ▲7%
2 profitable years in a row build equity to €533,151.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €30,600
Net result €30,600 after 2 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oudergem
Ground area
9,604 m²
Building footprint
1,372 m²
Volume, LiDAR
18,420 m³
Parcel 21332B0498/00A000, Brussels · tallest building 23.9 m, ±5 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0498/00A000 | Brussels | 9,604 m² | 1 · 1,372 m² | 23.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 32,533 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-06-2000
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472201839
Also
9925:BE0472201839
Registered
06-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationExtraordinary general meeting
Agenda
suivant : 1. Rapport de gestion du conseil d’adminis- tration. 2. Approbation des comptes annuels au 31 décembre 2013. 3. Rapport spécial du conseil (articles 633 et 634 du Code des sociétés). 4. Affectation du résultat. 5. Décharge aux administrateurs. 6. Divers. Se conformer à l’article 29 des statuts. Le conseil d’administration. (AOPC-1-14-00054/ 06.03) (8436) Green Systems, société anonyme, avenue Louise 326, 1050 Bruxelles Numéro d’entreprise : 0472.201.839 Assemblée générale extraordinaire en l’étude du notaire Gérard Indekeu, avenue Louise 126, à 1050 Bruxelles, le 27 mars 2014, à 9 heures, avec l’ordre du jour suivant : 1. Rapport de gestion du conseil d’administration, conformément ...