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Green Warehouse

Active
Private limited companyfounded 20242 yrs activeTiensestraat 44, 3400 Landen, BelgiumKBO/BCE: BE 1010.470.378
Summary

The computed 12-month bankruptcy probability of Green Warehouse is 2.4% (moderate). The 2025 annual accounts show equity of €18,779 and a net result of €5,240. Its solvency ranks better than 11% of 28374 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability40▲+1
Solvency29▲+1
Growth78
Track record82
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.05 against 1.01 in 2024; short-term debt: 95% and cash: 0.1% of total assets), and 96.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
3.8%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 28374 sector peers (2025).
NBB · sector comparison
Position among 28374 sector peers
Solvency
better than 11%
← weakest strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
16 d early
2024
21 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

Green Warehouse was incorporated on 18 June 2024 as a Private limited company.1 The registered office was moved to Landen in 2026.2 Since 2026, Karel Kaspers has served as director of the company.2

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 27-08-2026

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Financials · fiscal year 2025, micro schema

Equity
€18,779▲ 38.7%
2024 · €13,539
Total assets
€491,508▲ 5.7%
2024 · €465,198
Net result
€5,240▲ 48.1%
2024 · €3,539
Working capital
€24,794▲ 274%
2024 · €6,624
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€16,562-€31,639▲ 91.0%
Net result€3,539within the sector's middle half-€5,240within the sector's middle half▲ 48.1%
Equity€13,539below the sector's middle half-€18,779below the sector's middle half▲ 38.7%
Total assets€465,198above the sector's middle half-€491,508above the sector's middle half▲ 5.7%
Debt€451,659-€472,729▲ 4.7%
Working capital€6,624within the sector's middle half-€24,794within the sector's middle half▲ 274%
Solvency2.9%below the sector's middle half-3.8%below the sector's middle half▲ 0.9pp
Current ratio1.01below the sector's middle half-1.05below the sector's middle half▲ 0.04
Return on assets (ROA)0.8%within the sector's middle half-1.1%within the sector's middle half▲ 0.3pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2024: €16,562€16,562Net result 2024: €3,539€3,539Operating result 2025: €31,639€31,639Net result 2025: €5,240€5,24020242025€0€10,000€20,000€30,000Operating result 2024: €16,562€16,600Net result 2024: €3,539€3,540Operating result 2025: €31,639€31,600Net result 2025: €5,240€5,24020242025
The operating result rises in 2025; 2025 is 91% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €491,508
Equity €18,779 ▲ 38.7%
Debt €472,729 ▲ 4.7%
Debt's share of the balance-sheet total falls from 97.1% to 96.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Quick ratio
0.54▲
2024 · 0.48
Debt to equity
25.17▼
2024 · 33.36
ROE
27.9%▲
2024 · 26.1%
Debt ≤ 1 year
€466,714▲
2024 · €444,819
Income taxes
€1,310▲
2024 · €954
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,514 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.4% went bankrupt
1.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 1,514 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€465,198€491,508▲
Fixed assets21/28€13,755€0▼
Financial fixed assets28€13,755€0▼
Current assets29/58€451,443€491,508▲
Stocks and contracts in progress3€239,840€239,840=
Stocks30/36€239,840€239,840=
Amounts receivable within one year40/41€206,606€251,007▲
Trade receivables40€179,714€247,787▲
Other amounts receivable41€26,891€3,220▼
Cash at bank and in hand54/58€4,860€526▼
Deferred charges and accrued income490/1€137€135▼
Equity and liabilities
Total equity and liabilities10/49€465,198€491,508▲
Equity10/15€13,539€18,779▲
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14€3,539€8,779▲
Amounts payable17/49€451,659€472,729▲
Amounts payable within one year42/48€444,819€466,714▲
Financial debts43€398,000€399,600▲
Credit institutions430/8€398,000€399,600▲
Trade debts44€45,865€44,836▼
Suppliers440/4€45,865€44,836▼
Taxes, remuneration and social security45€954€2,264▲
Taxes450/3€954€2,264▲
Other amounts payable47/48-€20,014
Accrued charges and deferred income492/3€6,840€6,015▼
Income statement Code20242025
Other operating charges640/8€164€1,206▲
Gross operating margin9900€16,726€32,845▲
Operating profit (loss)9901€16,562€31,639▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€12,069€25,090▲
Recurring financial charges65€12,069€25,090▲
Profit (loss) for the period before taxes9903€4,493€6,550▲
Income taxes67/77€954€1,310▲
Profit (loss) for the period9904€3,539€5,240▲
Profit (loss) for the period to be appropriated9905€3,539€5,240▲
Appropriation of the result
Profit (loss) to be appropriated9906€3,539€8,779▲
Profit (loss) brought forward from the previous period14P-€3,539

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Other operating charges640/8€164€1,206▲ 636%
Gross operating margin9900€16,726€32,845▲ 96.4%
Operating profit (loss)9901€16,562€31,639▲ 91.0%
Financial income75/76B-€1-
Recurring financial income75-€1-
Financial charges65/66B€12,069€25,090▲ 108%
Recurring financial charges65€12,069€25,090▲ 108%
Profit (loss) for the period before taxes9903€4,493€6,550▲ 45.8%
Income taxes67/77€954€1,310▲ 37.3%
Profit (loss) for the period9904€3,539€5,240▲ 48.1%
Profit (loss) for the period to be appropriated9905€3,539€5,240▲ 48.1%
Line20242025Change
Assets
Total assets20/58€465,198€491,508▲ 5.7%
Fixed assets21/28€13,755€0▼ 100%
Financial fixed assets28€13,755€0▼ 100%
Current assets29/58€451,443€491,508▲ 8.9%
Stocks and contracts in progress3€239,840€239,840=
Stocks30/36€239,840€239,840=
Amounts receivable within one year40/41€206,606€251,007▲ 21.5%
Trade receivables40€179,714€247,787▲ 37.9%
Other amounts receivable41€26,891€3,220▼ 88.0%
Cash at bank and in hand54/58€4,860€526▼ 89.2%
Deferred charges and accrued income490/1€137€135▼ 1.5%
Equity and liabilities
Total equity and liabilities10/49€465,198€491,508▲ 5.7%
Equity10/15€13,539€18,779▲ 38.7%
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14€3,539€8,779▲ 148%
Amounts payable17/49€451,659€472,729▲ 4.7%
Amounts payable within one year42/48€444,819€466,714▲ 4.9%
Financial debts43€398,000€399,600▲ 0.4%
Credit institutions430/8€398,000€399,600▲ 0.4%
Trade debts44€45,865€44,836▼ 2.2%
Suppliers440/4€45,865€44,836▼ 2.2%
Taxes, remuneration and social security45€954€2,264▲ 137%
Taxes450/3€954€2,264▲ 137%
Other amounts payable47/48-€20,014-
Accrued charges and deferred income492/3€6,840€6,015▼ 12.1%
Line20242025Change
Profit (loss) for the period9904€3,539€5,240▲ 48.1%
Operating cash flow (approximation)€3,539€5,240▲ 48.1%
Investment in fixed assets (approximation)-€13,755-
Change in cash--€4,334-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-08
State Gazette act Resignation: Veronique Vanrijkel (director)
Appointment: Karel Kaspers (director) · Registered-office move3 facts ▸
  • Director resignation, Veronique Vanrijkel (director)
  • Director appointment, Karel Kaspers (director)
  • Registered-office move, Tiensestraat 44 te 3400 Landen
15-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
10-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
State Gazette actNBB filing
1 of 3 acts read
About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2026
Karel Kaspers
Director · since 30-06-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Landen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
4,751 m²
Building footprint
121 m²
Volume, LiDAR
900 m³
2 parcels, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Green Warehouse
Stationsplein 20, 3400 LandenInstallation of electric heating, air conditioning, cooling and ventilation
since 20242.361.442.531
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24059A1247/00E000 Flanders 3,430 m² 1 · 121 m² 9.8 m · 3 fl.
24059B0295/02G000 Flanders 1,320 m² - -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Karel Kaspers
  • Director, from 30-06-2026 to date
Veronique Vanrijkel
  • Director, until 30-06-2026
See the board, name and seat on a given date →

Structure & network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 11,745 EUR awarded · 11,745 EUR paid
Year Entries awardedpaid
2025 1 4,350 EUR4,350 EUR
2024 1 7,395 EUR7,395 EUR
Schemes
2 entries · 11,745 EUR · 11,745 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 3,447 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded18-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43230Insulation installation
43240Other construction installation
43410Roofing work
46842Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010470378
Also 9925:BE1010470378
Registered 19-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.