Equity
€2.1m ▲ 21.6%
Green Ventures has made a profit without a break since 2018.
Green Ventures
Lifetime
14 annual accounts with figures on one time axispeak €631,882 (2016)
-not published
lowest -€266,439 (2017)
€369,291▲ 52.6%
peak €2.1m (2025)
€2.1m▲ 21.6%
€94,113▲ 49.6%
Board4 names since 2011
2 directorsDe Steenen Molen and 1 other
Owners
Documentsfilings and deeds
12-06-202649 days before the deadline
2025financial year
Gross margin from €419,804 to €595,747Result from €241,960 to €369,291Equity from €1.7m to €2.1mDebts from €62,928 to €94,113
Key points
from the 2025 annual accountsResult
€369,291 ▲ 52.6%
The result rose in 2025: different schema filed.
Turnover
≈ €1.4m estimated
The accounts state no turnover.
Liquidity
11.25 was 6.19 in 2024
Short-term debts rose from €62,549 to €94,024.
Filings
14 annual accounts since 2012
The 2024 accounts came 4 days late. The other nine of the last ten were filed on time.
Position in the sector
95.7%
Higher solvency than 95% of companies in electrical equipment. Sector median 43.4% · 125 companies.
Checked score
98
Excellent
Financially stronger than 88% of small companies in electrical equipment (NACE 27)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 92 companies (NACE 27, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.5 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: < 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Figures for financial year 2025 (filed on 12-06-2026)
Equity €2.1m (95.7% of total assets)
Size: total assets €2.2m
Founded in 2011
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 27, small). It does better than 94% of them on solvency, 88% on liquidity, 90% on profitability and 80% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as Green Ventures has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of Green Ventures itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for Green Ventures. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 11.25 (6.19 in 2024), above the usual 1.5. Short-term debt is 4.3% and cash 15% of total assets. 4.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 days early
2024
4 days late
2023
58 days early
2022
66 days early
2021
54 days early
2020
73 days early
2019
53 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 50 days before the deadline. In the sector (NACE 27), the median for financial year 2024 was 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Izen Energy Sytems NV consolidatesscore 96equity €10.6m (2025) · annual accounts 2012
Shares in 1 company, Green Ventures
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0841616936
Registered office moved to Lille
New registered office: Achterstenhoek 5, 2275 Lille · Resignations: VERBUNT Guido (director) and HEMELEERS Nicole (director) · Appointment: DE STEENEN MOLEN (director) · General meeting of 16-11-2023 · Gazette deed
1 director appointed, 2 reappointments
Reappointments: Nicole Hemeleers and Guido Verbunt · Appointment: Guido Verbunt (managing director) · General meeting of 15-05-2023 · Gazette deed
Reappointment: Steven Van Dyck (director)
General meeting of 16-05-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Green Ventures Lille | €2.2m | €0.6m | 95.7% | - |
| NPG Willebroek Tongeren-Borgloon | €2.9m | €1.0m | 45.4% | - |
| HERTOGS ENGINEERING Bree | €1.8m | €0.3m | 61.0% | 1 |
| INSTALLATIEWERKEN JOCHEMS Wuustwezel | €0.9m | €0.3m | 69.7% | 1 |
| EREA ENERGY ENGINEERING Wijnegem | €2.1m | €2.1m | 40.6% | 25 |
| Leclercq Energy Blegny | €1.1m | €0.6m | 5.6% | 8.1 |
| RUTTEN - NEW ENERGY SYSTEM Herstal | €3.5m | €0.2m | 64.3% | - |
These companies have the same main activity as Green Ventures: manufacture of electrical equipment (NACE 27110). They are comparable in size and age: total assets between €947,000 and €3.5m, founded between 2009 and 2013.
Official details
Source: KBO- Status
- Active since 28-11-2011Normal situation
- Activity
- Manufacture of electrical equipmentNACE 27110and 2 others
- Establishment unit
- 2.204.975.8882275 Lille, since 29-11-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
Annual accounts 2025
- €2.2m▲ 22.6%
- Filing
- Filed on 12-06-2026, 49 days before the end of the filing period
Insights on Green Ventures
Green Ventures has existed since 2011. The present size dates from 2013. Turnover rose that year from €24,523 to €516,752.
In December 2023, the Official Gazette published the appointment of De Steenen Molen as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Green Ventures
- What is the company number of Green Ventures?
- The company number of Green Ventures is 0841.616.936. The VAT number is the same number with BE in front: BE 0841.616.936.
- Where is Green Ventures based?
- The registered office is at Achterstenhoek 5, 2275 Lille.Company details
- What does Green Ventures do?
- According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27110).
- What is the legal form of Green Ventures?
- Green Ventures is a public limited company (NV).
- When was Green Ventures founded?
- Green Ventures was founded on 28-11-2011.
- Is Green Ventures still active?
- Yes, Green Ventures is an active enterprise in the KBO register.
- What is the turnover of Green Ventures?
- The turnover in financial year 2025 is ≈ €1.4m. This figure is estimated from the gross margin of €595,747 and 2,275 comparable companies of the same size. It probably lies between €840,000 and €2.4m. It is a rough estimate. In financial year 2019 turnover was €591,051.Financials
- Is Green Ventures profitable?
- In financial year 2025, Green Ventures made a profit of €369,291.
- Where can I find the annual accounts of Green Ventures?
- Green Ventures filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Green Ventures due?
- Green Ventures must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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