GREEN WORLD
ActiveSummary
GREEN WORLD has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,043 and a net result of €4,534. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
What stands out
Overview
Accounts filed 24 d late0 of 2 deeds readTurnover not published (abridged schema)
Why 42- Limited track record- Higher-failure-rate sector- Weak solvency vs sector+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+1
Solvency34▼-5
Growth52=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.97 against 0.83 in 2024; short-term debt: 90.9% and cash: 2% of total assets), and 90.9% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% 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 2025Solvency, return and age of the figures
Solvency
9.1%
Return on assets
2%
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 24% of 178 sector peers (2025).
NBB · sector comparisonPosition among 178 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
24 d late
2024
28 d late
2023
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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. Usually files around 24 August (3 of the last 3 filed years within 73 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet €905 ▼83.8%
Financials
Fiscal year 2025Total assets €230,520Profit €4,534Solvency 9.1%Liquidity 0.97
Total assets
€230,520▲ 94.2%
2023 - 2025
Net result
€4,534▲ 401%
2023 - 2025
Equity
€21,043▲ 27.5%
2023 - 2025
Solvency
9.1%▼ 4.8pp
2023 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
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 38, Waste collection, recovery and disposal 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
Line202320242025
Operating result€10,528-€2,579▼ 75.5%€12,150▲ 371%
Net result€5,604within the sector's middle half-€905within the sector's middle half▼ 83.8%€4,534within the sector's middle half▲ 401%
Equity€15,604within the sector's middle half-€16,510within the sector's middle half▲ 5.8%€21,043within the sector's middle half▲ 27.5%
Total assets€55,047below the sector's middle half-€118,729within the sector's middle half▲ 116%€230,520within the sector's middle half▲ 94.2%
Debt€39,443-€102,219▲ 159%€209,477▲ 105%
Working capital-€17,653within the sector's middle half--€17,650within the sector's middle half=-€6,381within the sector's middle half▲ 63.8%
Solvency28.3%within the sector's middle half-13.9%within the sector's middle half▼ 14.4pp9.1%below the sector's middle half▼ 4.8pp
Current ratio0.55below the sector's middle half-0.83within the sector's middle half▲ 0.270.97within the sector's middle half▲ 0.14
Return on assets (ROA)10.2%within the sector's middle half-0.8%within the sector's middle half▼ 9.4pp2.0%within the sector's middle half▲ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 371% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €230,520
Fixed assets
€27,424 ▼ 19.7%
Current assets
€203,097 ▲ 140%
Equity and liabilities €230,520
Equity
€21,043 ▲ 27.5%
Debt
€209,477 ▲ 105%
Debt's share of the balance-sheet total rises from 86.1% to 90.9%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€28,336▲
2024 · €16,677
Cash flow
€20,720▲
2024 · €15,003
Debt to equity
9.95▲
2024 · 6.19
ROE
21.5%▲
2024 · 5.5%
Interest coverage
64.93▲
2024 · 21.85
Debt ≤ 1 year
€209,477▲
2024 · €102,219
Income taxes
€7,188▲
2024 · €1,043
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
5.2%
went bankrupt
2.3%
stopped otherwise
92%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 2,135 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.
Filed annual accounts
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,853 | €14,098 | €16,186 | ▲ 14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €779 | €931 | ▲ 19.6% |
| Other operating charges640/8 | €1,066 | €1,969 | €1,781 | ▼ 9.6% |
| Gross operating margin9900 | €27,447 | €19,424 | €31,048 | ▲ 59.8% |
| Operating profit (loss)9901 | €10,528 | €2,579 | €12,150 | ▲ 371% |
| Financial income75/76B | €26 | €133 | €8 | ▼ 93.8% |
| Recurring financial income75 | €26 | €133 | €8 | ▼ 93.8% |
| Financial charges65/66B | €98 | €763 | €436 | ▼ 42.8% |
| Recurring financial charges65 | €98 | €763 | €436 | ▼ 42.8% |
| Profit (loss) for the period before taxes9903 | €10,456 | €1,948 | €11,722 | ▲ 502% |
| Income taxes67/77 | €4,851 | €1,043 | €7,188 | ▲ 589% |
| Profit (loss) for the period9904 | €5,604 | €905 | €4,534 | ▲ 401% |
| Profit (loss) for the period to be appropriated9905 | €5,604 | €905 | €4,534 | ▲ 401% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €55,047 | €118,729 | €230,520 | ▲ 94.2% |
| Fixed assets21/28 | €33,258 | €34,160 | €27,424 | ▼ 19.7% |
| Tangible fixed assets22/27 | €33,258 | €34,160 | €27,424 | ▼ 19.7% |
| Plant, machinery and equipment23 | - | €1,413 | €747 | ▼ 47.2% |
| Furniture and vehicles24 | €33,258 | €32,746 | €26,677 | ▼ 18.5% |
| Current assets29/58 | €21,789 | €84,569 | €203,097 | ▲ 140% |
| Amounts receivable within one year40/41 | €8,552 | €69,458 | €191,951 | ▲ 176% |
| Trade receivables40 | €7,925 | €57,932 | €189,025 | ▲ 226% |
| Other amounts receivable41 | €627 | €11,525 | €2,926 | ▼ 74.6% |
| Cash at bank and in hand54/58 | €11,755 | €9,626 | €4,688 | ▼ 51.3% |
| Deferred charges and accrued income490/1 | €1,483 | €5,485 | €6,457 | ▲ 17.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €55,047 | €118,729 | €230,520 | ▲ 94.2% |
| Equity10/15 | €15,604 | €16,510 | €21,043 | ▲ 27.5% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €5,604 | €6,510 | €11,043 | ▲ 69.6% |
| Amounts payable17/49 | €39,443 | €102,219 | €209,477 | ▲ 105% |
| Amounts payable within one year42/48 | €39,443 | €102,219 | €209,477 | ▲ 105% |
| Trade debts44 | €10,736 | €12,842 | €72,462 | ▲ 464% |
| Suppliers440/4 | €10,736 | €12,842 | €72,462 | ▲ 464% |
| Advances received on contracts in progress46 | - | €8,279 | €13,716 | ▲ 65.7% |
| Taxes, remuneration and social security45 | €7,899 | €6,734 | €8,231 | ▲ 22.2% |
| Taxes450/3 | €7,899 | €6,734 | €8,231 | ▲ 22.2% |
| Other amounts payable47/48 | €20,808 | €74,363 | €115,068 | ▲ 54.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,604 | €905 | €4,534 | ▲ 401% |
| + Depreciation and write-downs630 | €15,853 | €14,098 | €16,186 | ▲ 14.8% |
| Operating cash flow (approximation) | €21,457 | €15,003 | €20,720 | ▲ 38.1% |
| Investment in fixed assets (approximation) | - | -€15,000 | -€9,450 | ▲ 37.0% |
| Change in cash | - | -€2,129 | -€4,937 | ▼ 132% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
LOGIPROPRE
BE 0832.146.964
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BELGIUM CLEANING SERVICES
BE 0778.766.874
Zaventem · Eq €18,800
Calterre
BE 0769.953.237
Villers-le-Bouillet · Eq €25,505
SMART RENURE
BE 0785.304.872
Lievegem · Eq €30,691
PUR VER
BE 0842.997.009
Pecq · Eq €31,394
Of 279 companies in this sector we hold annual accounts for 240. 43 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
4 eventsLatest 24-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €905 ▼83.8%
Net result drops to €905, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 19-04-2022Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded19-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
38330Waste collection, recovery and disposal activities
38110Waste collection, recovery and disposal activities
38120Waste collection, recovery and disposal activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784932017
Also
9925:BE0784932017
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Zele · 1 establishment unit since 2022
Ground area
327 m²
Building footprint
87 m²
Volume, LiDAR
475 m³
Parcel 42402C2006/00M000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GREEN WORLD
since 2022unit no. 2.330.283.953
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42402C2006/00M000 | Flanders | 327 m² | 1 · 86 m² | 9.1 m · 2 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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