GREENBREW
ActiveSummary
GREENBREW has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€37,344) and a net result of -€1,184. Equity is shrinking by ~50.9% per year across the filed fiscal years. Its solvency ranks better than 31% of 308 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+2
Solvency10▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.29 against 0.94 in 2024; short-term debt: 5.1% and cash: 1.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-14.7%
Return on assets
-0.5%
Age of the figures
15 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 11
Relative position
BE, all sectors
reference
Manufacture of beverages (NACE 11)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€37,344
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
15 d early
2023
2 d early
2022
39 d early
2021
27 d early
2020
10 d early
2019
47 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 20 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 16 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€8,358
EBIT margin
-74.0%
Net result
-€1,184▲ 81.0%
2024 · -€6,232
Working capital
€3,685
2024 · -€935
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 11, Manufacture of beverages, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€8,358
Operating result-€6,182▲ 68.6%-€10,226▼ 65.4%-€11,707▼ 14.5%-€6,178▲ 47.2%-€1,138▲ 81.6%
Net result-€6,268within the sector's middle half▲ 68.3%-€10,309within the sector's middle half▼ 64.5%-€11,742within the sector's middle half▼ 13.9%-€6,232within the sector's middle half▲ 46.9%-€1,184within the sector's middle half▲ 81.0%
EBIT margin-74.0%
Equity-€7,876below the sector's middle half▼ 390%-€18,185below the sector's middle half▼ 131%-€29,927below the sector's middle half▼ 64.6%-€36,160below the sector's middle half▼ 20.8%-€37,344below the sector's middle half▼ 3.3%
Total assets€282,251below the sector's middle half▼ 3.6%€287,918below the sector's middle half▲ 2.0%€269,032below the sector's middle half▼ 6.6%€258,763within the sector's middle half▼ 3.8%€253,579within the sector's middle half▼ 2.0%
Debt€290,127▼ 1.5%€306,103▲ 5.5%€298,959▼ 2.3%€294,923▼ 1.4%€290,923▼ 1.4%
Working capital€10,075within the sector's middle half▼ 13.9%€8,403within the sector's middle half▼ 16.6%-€3,339within the sector's middle half-€935within the sector's middle half▲ 72.0%€3,685within the sector's middle half
Solvency-2.8%below the sector's middle half▼ 2.2pp-6.3%below the sector's middle half▼ 3.5pp-11.1%below the sector's middle half▼ 4.8pp-14.0%within the sector's middle half▼ 2.8pp-14.7%within the sector's middle half▼ 0.8pp
Current ratio1.84within the sector's middle half▼ 0.101.30within the sector's middle half▼ 0.540.84within the sector's middle half▼ 0.460.94within the sector's middle half▲ 0.101.29within the sector's middle half▲ 0.34
Return on assets (ROA)-2.2%below the sector's middle half▲ 4.5pp-3.6%below the sector's middle half▼ 1.4pp-4.4%within the sector's middle half▼ 0.8pp-2.4%within the sector's middle half▲ 2.0pp-0.5%within the sector's middle half▲ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 11, Manufacture of beverages, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,138 in 2025 against €6,178 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €253,579
Fixed assets
€237,051 ▼ 2.4%
Current assets
€16,528 ▲ 3.9%
Key figures and ratios
EBITDA
€4,666▲
2024 · €2,458
Cash flow
€4,620▲
2024 · €2,404
Quick ratio
1.00▲
2024 · 0.73
Debt to equity
-7.79▲
2024 · -8.16
Interest coverage
101.73▲
2024 · 45.57
Debt ≤ 1 year
€12,843▼
2024 · €16,843
Debt > 1 year
€278,080=
2024 · €278,080
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 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% | 1.7% |
| 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 75% 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 2,338 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €8,358 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,637 | €8,637 | - | €8,637 | €5,805 | ▼ 32.8% |
| Other operating charges640/8 | - | €348 | €396 | €457 | €443 | ▼ 3.1% |
| Gross operating margin9900 | €2,502 | -€1,242 | -€11,311 | €2,915 | €5,109 | ▲ 75.3% |
| Operating profit (loss)9901 | -€6,182 | -€10,226 | -€11,707 | -€6,178 | -€1,138 | ▲ 81.6% |
| Financial charges65/66B | - | €36 | €35 | €54 | €46 | ▼ 15.0% |
| Recurring financial charges65 | €86 | €36 | €35 | €54 | €46 | ▼ 15.0% |
| Profit (loss) for the period before taxes9903 | -€6,268 | -€10,262 | -€11,742 | -€6,232 | -€1,184 | ▲ 81.0% |
| Income taxes67/77 | - | €48 | - | - | - | - |
| Profit (loss) for the period9904 | -€6,268 | -€10,309 | -€11,742 | -€6,232 | -€1,184 | ▲ 81.0% |
| Profit (loss) for the period to be appropriated9905 | -€6,268 | -€10,309 | -€11,742 | -€6,232 | -€1,184 | ▲ 81.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €282,251 | €287,918 | €269,032 | €258,763 | €253,579 | ▼ 2.0% |
| Fixed assets21/28 | €260,129 | €251,492 | €251,492 | €242,855 | €237,051 | ▼ 2.4% |
| Intangible fixed assets21 | €3,070 | €2,047 | €2,047 | €1,023 | - | - |
| Tangible fixed assets22/27 | €236,433 | €228,820 | €228,820 | €221,207 | €216,426 | ▼ 2.2% |
| Land and buildings22 | - | €198,851 | €198,851 | €198,638 | €198,426 | ▼ 0.1% |
| Plant, machinery and equipment23 | - | €11,969 | €11,969 | €4,568 | €0 | ▼ 100.0% |
| Assets under construction and advance payments27 | - | €18,000 | €18,000 | €18,000 | €18,000 | = |
| Financial fixed assets28 | €20,625 | €20,625 | €20,625 | €20,625 | €20,625 | = |
| Current assets29/58 | €22,122 | €36,426 | €17,540 | €15,907 | €16,528 | ▲ 3.9% |
| Stocks and contracts in progress3 | €2,337 | €20,210 | €3,678 | €3,678 | €3,678 | = |
| Stocks30/36 | - | €20,210 | €3,678 | €3,678 | €3,678 | = |
| Amounts receivable within one year40/41 | €6,698 | €12,695 | €12,168 | €10,804 | €9,147 | ▼ 15.3% |
| Trade receivables40 | - | €6,694 | €6,010 | €5,573 | €4,970 | ▼ 10.8% |
| Other amounts receivable41 | - | €6,001 | €6,158 | €5,231 | €4,177 | ▼ 20.1% |
| Cash at bank and in hand54/58 | €13,087 | €3,521 | €1,693 | €1,425 | €3,702 | ▲ 160% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €282,251 | €287,918 | €269,032 | €258,763 | €253,579 | ▼ 2.0% |
| Equity10/15 | -€7,876 | -€18,185 | -€29,927 | -€36,160 | -€37,344 | ▼ 3.3% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | - | €200,000 | €200,000 | - | - | - |
| Issued capital100 | - | €200,000 | €200,000 | - | - | - |
| Profit (loss) carried forward14 | -€207,876 | -€218,185 | -€229,927 | -€236,160 | -€237,344 | ▼ 0.5% |
| Amounts payable17/49 | €290,127 | €306,103 | €298,959 | €294,923 | €290,923 | ▼ 1.4% |
| Amounts payable after more than one year17 | €278,080 | €278,080 | €278,080 | €278,080 | €278,080 | = |
| Financial debts170/4 | - | €239,080 | €239,080 | €239,080 | €239,080 | = |
| Other amounts payable178/9 | - | €39,000 | €39,000 | €39,000 | €39,000 | = |
| Amounts payable within one year42/48 | €12,047 | €28,023 | €20,879 | €16,843 | €12,843 | ▼ 23.7% |
| Taxes, remuneration and social security45 | - | €8 | €1,045 | €8 | €8 | = |
| Taxes450/3 | - | €8 | €1,045 | €8 | €8 | = |
| Other amounts payable47/48 | - | €28,015 | €19,834 | €16,834 | €12,834 | ▼ 23.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,268 | -€10,309 | -€11,742 | -€6,232 | -€1,184 | ▲ 81.0% |
| + Depreciation and write-downs630 | €8,637 | €8,637 | - | €8,637 | €5,805 | ▼ 32.8% |
| Operating cash flow (approximation) | €2,369 | -€1,673 | -€11,742 | €2,404 | €4,620 | ▲ 92.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€9,566 | -€1,828 | -€268 | €2,277 | ▲ 949% |
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
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
NBB filing
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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Directors · office · real estate
Directors
2 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, Florenville · 1 establishment unit since 2011
Ground area
5,564 m²
Building footprint
1,932 m²
Volume, LiDAR
14,319 m³
2 parcels, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GREENBREW
since 20112.203.690.936
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84062A0514/00R000indicative | Wallonia | 4,209 m² | 1 · 1,779 m² | 11.7 m · 3 fl. |
| 85011B0217/00N000 | Wallonia | 1,354 m² | 1 · 153 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 729 companies in sector 11050 we hold annual accounts for 352. 210 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
Founded21-10-2011
Fiscal year end30-06
Activities, NACEBEL 2025
11050Manufacture of beer
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840488964
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.