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Generated 30-07-2026
Active BE 0507.845.577Private limited companyOpen bankruptcy

GREEN WHEELS

Waterloosesteenweg 789 ·1180 Ukkel, Belgium· 11 yrs active
Sector: Retail trade (47632)
Conclusion Checked

A bankruptcy procedure is open for GREEN WHEELS according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €147k and a net result of €75k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €147k
Net result €75k
Staff (FTE) 10.2
Better than sector 35%
Snowflake analysis 5 axes · computed by Checked
Health6Profitability100Solvency19Growth78Stability0
41 / 100

Fragile profile, watch stability in particular.

Health 6
Profitability 100
Solvency 19
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High risk
Components
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2021 · computed
6 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview7 NBB filings
Annual accounts filed on 25-07-2022 with the NBB · fiscal year 2021 · micro
€0€50k€100k€150kOperating result 2019: €20k€20kNet result 2019: €53k€53kOperating result 2020: €20k€20kNet result 2020: €68k€68kOperating result 2021: €157k€157kNet result 2021: €75k€75k201920202021
Operating resultNet result
Sector comparison
Fiscal year 2021 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 10.8% 23.1%
better than 35% of 2416 sector peers
Net result €75k €3k
better than 95% of 2409 sector peers
Equity €147k €17k
better than 90% of 2419 sector peers
Gross operating margin €912k €21k
better than 95% of 2397 sector peers
Staff costs €680k €27k
higher than 95% of 972 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€172k
+684.2% far above sector median
Net profit
€75k
+10.2% far above sector median
Cash flow
€89k
+27.8% far above sector median
Total assets
€1.35M
+230.0% +23% vs sector
Equity
€147k
+104.0% -78% vs sector
Working capital
€31k
+86.5% -94% vs sector
Employees (FTE)
10
+56.9% +137% vs sector
Staff costs
€680k
- far above sector median
Income taxes
€68k
- far above sector median
Dividends
€16k
- -82% vs sector
Debt
€1.21M
+256.8% +185% vs sector
Debt ≤ 1y
€1.21M
+257.1% +270% vs sector
Current ratio
1.03
-2.2% -51% vs sector
Quick ratio
0.32
-26.7% -5% vs sector
Solvency
10.8%
-38.2% -80% vs sector
Debt / equity
8.24
- far above sector median
ROE
51.0%
-46.0% far above sector median
ROA
5.5%
-66.6% far above sector median
Interest coverage
5.58
- far above sector median
Figures by fiscal year
Fiscal year2021
Revenue-
EBITDA€172k
Net profit€75k
Cash flow€89k
Staff costs€680k
Income taxes€68k
Dividends-
Total assets€1.35M
Equity€147k
Debt€1.21M
of which ≤ 1y€1.21M
of which > 1y-
Working capital€31k
Employees (FTE)10.2
Ratios (computed)
2021
Current ratio1.03
Quick ratio0.32
Working capital ratio2.3%
Solvency10.8%
Debt / equity8.24
Long-term debt ratio-
Interest coverage5.58
Gross margin-
Net margin-
ROA5.5%
ROE51.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€1.35M
Fixed assets 21/28€116k
Tangible fixed assets 22/27€71k
Financial fixed assets 28€45k
Current assets 29/58€1.24M
Stocks & contracts in progress 3€854k
Amounts receivable within one year 40/41€385k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.35M
Equity 10/15€147k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€126k
Amounts payable 17/49€1.21M
Amounts payable within one year 42/48€1.21M
Trade debts payable within one year 44€572k
Income statement
Gross operating margin 9900€912k
Operating result 9901€157k
Financial income 75€16k
Financial charges 65€31k
Result before taxes 9903€143k
Income taxes 67/77€68k
Net result for the period 9904€75k
Result to be appropriated 9905€75k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator YANNICK ALSTEENS
RUE DU PANIER VERT 70, 1400 NIVELLES
 29-06-2023 → present Belgian State Gazette
Legal Structure
NACE primary Retail trade(47632)
Legal form Private limited company(610)
Incorporation31-12-2014
StatusActive
Postal code1180
First BS signal 11-07-2023
Latest BS signal 11-07-2023
Company structure, linked entities1 linked entities
GREEN WHEELSBE 0507.845.577YANNICK ALSTEENSReceiver
Mandates
Establishment units 2 locations
Bike Your City
Waterloosesteenweg 789, 1180 UkkelVervaardiging van fietsen en invalidenwagens
since 20142.238.141.772
Bike Your City
Waterloosesteenweg 691, 1180 UkkelVervaardiging van fietsen en invalidenwagens
since 20212.320.027.291
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21612C0056/02F091 Brussels 308 m² 1 · 144 m² 16.0 m · 4 fl.
21612C0018/00F000 Brussels 168 m² 1 · 169 m² 19.4 m · 5 fl.
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.
Updates 9 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023
11-07-2023
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · GREEN WHEELS SRL CHAUSSEE DE WATERLOO 789, 1180 UCCLE · event 29-06-2023
09-06-2023
State Gazette act Director changes
2022
25-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
31-03-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
31-01-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
29-01-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2017
21-12-2017
NBB filing Annual accounts filed
fiscal year 2017 · micro
25-02-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
15-01-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Lifecycle & Insolvency Signals 1 events
11-07-2023
Bankruptcy Opening
Date: 29-06-2023 · Tribunal de l’entreprise francophone de Bruxelles · GREEN WHEELS SRL CHAUSSEE DE WATERLOO 789, 1180 UCCLE · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-07-11 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
09-06-2023 Oliver DE SCHUTTER resigns as director Director changes
  • Oliver DE SCHUTTER, Bestuurder
Technical details 
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        "address": null,
        "birth_date": null,
        "profession": null,
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      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2023-06-01",
      "evidence_quote": "A l\u0027unanimit\u00E9 des voix, l\u0027assembl\u00E9e a act\u00E9 la d\u00E9mission d\u0027Oliver DE SCHUTTER de son poste d\u0027administrateur, et ce, \u00E0 date de ce jour.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
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  "notary": {
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    "firm_city": null,
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    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-06-09",
    "filing_date": "2023-06-01",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2022-12-12",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0507.845.577",
    "name_full": "GREEN WHEELS",
    "legal_form": "SRL",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Goldammer Marcel",
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  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Detailhandel in fietsen47632Detailhandel in fietsen in gespecialiseerde winkels47785Verhuur en lease van sport- en recreatieartikelen77210Verhuur en lease van sport- en recreatieartikelen77210Reparatie van andere consumentenartikelen95290Reparatie en onderhoud van consumentenartikelen, neg95290
Primary activity highlighted.
Names & trade names
Legal nameFR GREEN WHEELS
Registered office
Waterloosesteenweg 789
1180 Ukkel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative