GREENBOW
ActiveSummary
GREENBOW has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €682,327 and a net result of €169,443. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-4
Solvency54▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.59 in 2024; short-term debt: 52.1% and cash: 3.8% of total assets), but 70.6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
29.4%
Return on assets
7.3%
Age of the figures
12 mo
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 24-12-2025, 127 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
127 d early
2024
75 d early
2022
144 d late
2021
27 d early
2020
36 d early
2019
30 d early
2018
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€682,327▲ 33.0%
2024 · €512,884
Total assets
€2.3m▲ 34.6%
2024 · €1.7m
Net result
€169,443▼ 6.2%
2024 · €180,737
Working capital
€840,844▲ 59.4%
2024 · €527,522
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220242025
Operating result€31,678▼ 11.7%€63,691▲ 101%€95,838▲ 50.5%€265,110-€270,479▲ 2.0%
Net result€23,731▲ 18.9%€39,663▲ 67.1%€62,024▲ 56.4%€180,737-€169,443▼ 6.2%
Equity€230,459▲ 11.5%€270,122▲ 17.2%€332,146▲ 23.0%€512,884-€682,327▲ 33.0%
Total assets€443,877▲ 1.8%€501,964▲ 13.1%€388,987▼ 22.5%€1.7m-€2.3m▲ 34.6%
Debt€213,418▼ 6.9%€231,842▲ 8.6%€56,841▼ 75.5%€1.2m-€1.6m▲ 35.2%
Working capital€60,562▼ 18.2%€107,949▲ 78.2%€303,234▲ 181%€527,522-€840,844▲ 59.4%
Staff (FTE)1.1-1.2▲ 9.1%
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 rises in 2025; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€270,553 ▼ 11.6%
Current assets
€2.1m ▲ 44.5%
Equity and liabilities €2.3m
Equity
€682,327 ▲ 33.0%
Debt
€1.6m ▲ 35.2%
Debt's share of the balance-sheet total rises from 70.3% to 70.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€356,803▼
2024 · €377,775
Cash flow
€255,767▼
2024 · €293,403
Current ratio
1.69▲
2024 · 1.59
Quick ratio
0.87▲
2024 · 0.72
Debt to equity
2.40▲
2024 · 2.36
ROE
24.8%▼
2024 · 35.2%
ROA
7.3%▼
2024 · 10.5%
Interest coverage
6.40▼
2024 · 9.11
Debt ≤ 1 year
€1.2m▲
2024 · €892,389
Debt > 1 year
€428,622▲
2024 · €320,468
Income taxes
€56,572▲
2024 · €54,379
Staff costs
€62,439▼
2024 · €109,966
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,811 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
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,000 | €4,525 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €109,966 | €62,439 | ▼ 43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,534 | €17,478 | €8,368 | €112,665 | €86,324 | ▼ 23.4% |
| Other operating charges640/8 | - | €2,347 | €7,832 | €644 | €9,859 | ▲ 1,432% |
| Non-recurring operating charges66A | - | - | €40,973 | - | - | - |
| Gross operating margin9900 | €50,668 | €83,516 | €153,011 | €488,385 | €429,101 | ▼ 12.1% |
| Operating profit (loss)9901 | €31,678 | €63,691 | €95,838 | €265,110 | €270,479 | ▲ 2.0% |
| Financial income75/76B | - | €1 | - | €11,455 | €11,263 | ▼ 1.7% |
| Recurring financial income75 | €32 | €1 | - | €11,455 | €11,263 | ▼ 1.7% |
| Financial charges65/66B | - | €2,790 | €3,644 | €41,448 | €55,727 | ▲ 34.5% |
| Recurring financial charges65 | €2,896 | €2,790 | €3,644 | €41,448 | €55,727 | ▲ 34.5% |
| Profit (loss) for the period before taxes9903 | €31,814 | €60,902 | €92,194 | €235,116 | €226,015 | ▼ 3.9% |
| Income taxes67/77 | €8,083 | €21,239 | €30,170 | €54,379 | €56,572 | ▲ 4.0% |
| Profit (loss) for the period9904 | €23,731 | €39,663 | €62,024 | €180,737 | €169,443 | ▼ 6.2% |
| Transfer from tax-exempt reserves789 | - | €4,600 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €23,731 | €44,263 | €62,024 | €180,737 | €169,443 | ▼ 6.2% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €443,877 | €501,964 | €388,987 | €1.7m | €2.3m | ▲ 34.6% |
| Fixed assets21/28 | €333,330 | €315,852 | €28,912 | €305,909 | €270,553 | ▼ 11.6% |
| Tangible fixed assets22/27 | €333,330 | €315,852 | €28,912 | €305,774 | €270,119 | ▼ 11.7% |
| Land and buildings22 | - | €288,032 | €8,394 | €59,443 | €57,812 | ▼ 2.7% |
| Plant, machinery and equipment23 | - | €427 | €25 | €30,248 | €26,168 | ▼ 13.5% |
| Furniture and vehicles24 | - | €27,393 | €20,493 | €193,772 | €170,186 | ▼ 12.2% |
| Leasing and similar rights25 | - | - | - | €22,312 | €15,952 | ▼ 28.5% |
| Financial fixed assets28 | - | - | - | €135 | €434 | ▲ 221% |
| Current assets29/58 | €110,547 | €186,112 | €360,075 | €1.4m | €2.1m | ▲ 44.5% |
| Stocks and contracts in progress3 | €3,864 | €5,314 | €5,314 | €774,380 | €1.0m | ▲ 29.3% |
| Stocks30/36 | - | €5,314 | €5,314 | €774,380 | €1.0m | ▲ 29.3% |
| Amounts receivable within one year40/41 | €23,794 | €19,815 | €51,759 | €548,293 | €954,322 | ▲ 74.1% |
| Trade receivables40 | - | €19,815 | €51,759 | €548,289 | €902,952 | ▲ 64.7% |
| Other amounts receivable41 | - | - | - | €4 | €51,370 | ▲ 1,252,827% |
| Cash at bank and in hand54/58 | €80,772 | €159,012 | €301,273 | €88,120 | €87,227 | ▼ 1.0% |
| Deferred charges and accrued income490/1 | - | €1,971 | €1,729 | €9,118 | €9,030 | ▼ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €443,877 | €501,964 | €388,987 | €1.7m | €2.3m | ▲ 34.6% |
| Equity10/15 | €230,459 | €270,122 | €332,146 | €512,884 | €682,327 | ▲ 33.0% |
| Contributions10/11 | - | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Reserves13 | €101,258 | €140,921 | €308,146 | €488,884 | €658,327 | ▲ 34.7% |
| Non-distributable reserves130/1 | - | €4,400 | €4,400 | - | - | - |
| Reserves not available under the articles1311 | - | €4,400 | €4,400 | - | - | - |
| Distributable reserves133 | - | €136,521 | €303,746 | €488,884 | €658,327 | ▲ 34.7% |
| Profit (loss) carried forward14 | €105,201 | €105,201 | - | - | - | - |
| Amounts payable17/49 | €213,418 | €231,842 | €56,841 | €1.2m | €1.6m | ▲ 35.2% |
| Amounts payable after more than one year17 | €163,433 | €153,679 | - | €320,468 | €428,622 | ▲ 33.7% |
| Financial debts170/4 | - | €153,679 | - | €320,468 | €428,622 | ▲ 33.7% |
| Amounts payable within one year42/48 | €49,985 | €78,163 | €56,841 | €892,389 | €1.2m | ▲ 35.7% |
| Current portion of amounts payable after more than one year42 | - | €9,754 | - | €112,220 | €200,865 | ▲ 79.0% |
| Financial debts43 | - | - | - | €450,000 | €487,579 | ▲ 8.4% |
| Credit institutions430/8 | - | - | - | €450,000 | €487,579 | ▲ 8.4% |
| Trade debts44 | €9,965 | €13,135 | €15,372 | €212,970 | €310,979 | ▲ 46.0% |
| Suppliers440/4 | - | €13,135 | €15,372 | €212,970 | €310,979 | ▲ 46.0% |
| Taxes, remuneration and social security45 | - | €30,801 | €41,469 | €38,723 | €67,653 | ▲ 74.7% |
| Taxes450/3 | - | €30,801 | €41,469 | €33,546 | €61,256 | ▲ 82.6% |
| Remuneration and social security454/9 | - | - | - | €5,177 | €6,398 | ▲ 23.6% |
| Other amounts payable47/48 | - | €24,473 | - | €78,475 | €144,173 | ▲ 83.7% |
| Accrued charges and deferred income492/3 | - | - | - | €80 | €447 | ▲ 462% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,731 | €39,663 | €62,024 | €180,737 | €169,443 | ▼ 6.2% |
| + Depreciation and write-downs630 | €17,534 | €17,478 | €8,368 | €112,665 | €86,324 | ▼ 23.4% |
| Operating cash flow (approximation) | €41,265 | €57,141 | €70,392 | €293,403 | €255,767 | ▼ 12.8% |
| Investment in fixed assets (approximation) | - | €0 | €278,572 | - | -€50,967 | - |
| Change in cash | - | €78,240 | €142,261 | - | -€893 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
14-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €180,737 ▲191%
Net result €180,737, the highest in the series.
30-09
Financial
Equity above €500,000Eq €512,884 ▲54.4%
6 profitable years in a row build equity to €512,884.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 144 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 6.33
Current ratio from 2.38 to 6.33; short-term debt falls from €78,163 to €56,841.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200,000Eq €206,729 ▲10.7%
2 profitable years in a row build equity to €206,729.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Roeselare · 1 establishment unit since 2003
Ground area
4,584 m²
Building footprint
2,043 m²
Volume, LiDAR
9,316 m³
Parcel 36504D0327/00N000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Diksmuidsesteenweg 394, 8800 Roeselare
since 20032.132.748.205
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36504D0327/00N000 | Flanders | 4,584 m² | 1 · 2,043 m² | 6.6 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 3,581 EUR awarded · 3,536 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,670 EUR | 1,673 EUR |
| 2024 | 1 | 48 EUR | 0 EUR |
| 2023 | 1 | 1,863 EUR | 1,863 EUR |
Similar companies · same sector, comparable size
FLEURY DE BOCK
BE 0464.461.140
Sint-Niklaas · Eq €678,961
ETABLISSEMENTS JEAN-MARIE LANGE ET FILS
BE 0420.901.707
Thuin · Eq €686,056
Tuinbouwmachines AV & S
BE 0667.920.521
Halle · Eq €677,521
TUINMACHINES VANDERMOERE
BE 0478.267.111
Brugge · Eq €688,801
EXTERIOO OOST-VLAANDEREN
BE 0824.045.880
Gent · Eq €674,332
Of 3,390 companies in sector 47761 we hold annual accounts for 1,156. 767 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
Founded27-06-2003
Fiscal year end30-09
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
43240Other construction installation
47761Retail sale of flowers, plants, seeds and fertilisers
43222Installation of electric heating, air conditioning, cooling and ventilation
46150Agents in the wholesale of furniture, household goods and hardware
47522Retail trade
47553Retail trade
47559Retail sale of other household articles
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860393166
Also
9925:BE0860393166
Registered
14-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.