GREEN TILE
ActiveGREEN TILE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €288k and a net result of €85k. Equity is growing by ~44.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 9438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78=
Solvency49=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 2.54 against 4.71 in 2024; short-term debt: 38.1% and cash: 46.7% of total assets), but 76.3% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.7%
Return on assets
7%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9438 sector peers (2025).
NBB · sector comparisonPosition among 9438 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
32 d early
2023
32 d early
2022
6 d early
2021
24 d early
2020
4 d early
2019
43 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€288k▲ 42.2%
2024 · €202k
2019: €40k
2021: €59k
2022: €84k
2023: €138k
2024: €202k
2019 → 2025
Total assets
€1.22M▲ 44.9%
2024 · €839k
2019: €41k
2021: €101k
2022: €270k
2023: €764k
2024: €839k
2019 → 2025
Net result
€85k▲ 32.3%
2024 · €64k
2019: €-10k
2021: €31k
2022: €25k
2023: €53k
2024: €64k
2019 → 2025
Working capital
€716k▲ 14.5%
2024 · €626k
2019: €38k
2021: €93k
2022: €82k
2023: €113k
2024: €626k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€84k▲ 42.4%€138k▲ 63.4%€202k▲ 46.8%€288k▲ 42.2%
Operating result€34k-€36k▲ 6.9%€79k▲ 118%€88k▲ 11.1%€119k▲ 34.9%
Net result€31k-€25k▼ 18.1%€53k▲ 113%€64k▲ 20.5%€85k▲ 32.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.22M
Fixed assets
€36k▼ 20.0%
Current assets
€1.18M▲ 48.6%
Equity and liabilities €1.22M
Equity
€288k▲ 42.2%
Debt
€928k▲ 45.7%
The debt ratio rises from 75.9% to 76.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€130k▲
2024 · €95k
Cash flow
€97k▲
2024 · €71k
Solvency
23.7%▼
2024 · 24.1%
Current ratio
2.54▼
2024 · 4.71
Quick ratio
2.51▼
2024 · 4.68
Debt / equity
3.23▲
2024 · 3.15
ROE
29.7%▼
2024 · 31.9%
ROA
7.0%▼
2024 · 7.7%
Interest coverage
43.66▲
2024 · 25.18
Debt
€928k▲
2024 · €637k
Debt ≤ 1 year
€464k▲
2024 · €168k
Debt > 1 year
€129k
Income taxes
€32k▲
2024 · €31k
Staff costs
€52k▲
2024 · €17k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€839k€1.22M▲
Fixed assets21/28€45k€36k▼
Tangible fixed assets22/27€43k€34k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€43k€33k▼
Financial fixed assets28€2k€2k=
Current assets29/58€794k€1.18M▲
Stocks and contracts in progress3€5k€17k▲
Contracts in progress37€5k€17k▲
Amounts receivable within one year40/41€190k€378k▲
Trade receivables40€102k€137k▲
Other amounts receivable41€88k€241k▲
Current investments50/53-€217k
Cash at bank and in hand54/58€599k€567k▼
Equity and liabilities
Total equity and liabilities10/49€839k€1.22M▲
Equity10/15€202k€288k▲
Contributions10/11€50k€50k=
Reserves13€60k€60k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Tax-exempt reserves132€55k€55k=
Profit (loss) carried forward14€92k€178k▲
Amounts payable17/49€637k€928k▲
Amounts payable after more than one year17-€129k
Financial debts170/4-€129k
Amounts payable within one year42/48€168k€464k▲
Trade debts44€40k€331k▲
Suppliers440/4€40k€331k▲
Taxes, remuneration and social security45€28k€31k▲
Taxes450/3€25k€21k▼
Remuneration and social security454/9€3k€10k▲
Other amounts payable47/48€100k€101k▲
Accrued charges and deferred income492/3€468k€335k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€1.48M€1.60M▲
Remuneration, social security and pensions62€17k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€11k▲
Other operating charges640/8€2k€513▼
Gross operating margin9900€113k€182k▲
Operating profit (loss)9901€88k€119k▲
Financial income75/76B€11k€2k▼
Recurring financial income75€11k€2k▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€95k€118k▲
Income taxes67/77€31k€32k▲
Profit (loss) for the period9904€64k€85k▲
Profit (loss) for the period to be appropriated9905€64k€85k▲
Appropriation of the result
Profit (loss) to be appropriated9906€92k€178k▲
Profit (loss) brought forward from the previous period14P€28k€92k▲
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
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2019net €85k ▲32.3%
Operating result €119k, net result €85k, both a record.
29-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity quadruplescurrent ratio 4.71
Current ratio from 1.18 to 4.71; short-term debt falls from €626k to €168k.
30-09
Financial
Equity above €200kEq €202k ▲46.8%
4 profitable years in a row build equity to €202k.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €100kEq €138k ▲63.4%
3 profitable years in a row build equity to €138k.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Zwevegem · 1 establishment unit since 2018
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.
Harelbeekstraat(Z) 104D8550 ZwevegemGround area
4,439 m²
Building footprint
1,934 m²
Volume, LiDAR
11,768 m³
2 parcels, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Franklin Rooseveltlaan 108, 8790 Waregem
since 20182.279.965.105
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A0568/00W003 | Flanders | 3,790 m² | 1 · 1,713 m² | 7.5 m · 2 fl. |
| 34452B0689/00Z000 | Flanders | 649 m² | 1 · 221 m² | 5.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European research
2 projects · 384,432 EUR EU contributionProgrammes
HORIZON
Projects
Enabling underused bio-waste feedstocks into safe and effective market-ready soil improvers.
Multi-assessment of alternative fertilisers for promoting local sustainable value chains and clean ecosystems
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,561. 4,912 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2018
Fiscal year end30-09
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.