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GREENCORN

Active Risk: not assessed
Private limited companyfounded 20223 yrs activeMartelaarslaan 383, 9000 Gent, BelgiumKBO/BCE: BE 0791.623.532
Summary

GREENCORN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €156,719 and a net result of €59,047. Equity is growing by ~53.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 2463 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
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 20-04-2026, 10 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
10 d early
2024
1 d early
2023
31 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 14 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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. Usually files around 20 April (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 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

On 29 September 2022, GREENCORN was incorporated as a Private limited company.1 Total assets went from EUR 69,256 in 2023 to EUR 161,746 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€156,719▲ 60.5%
2024 · €97,672
Net result
€59,047▲ 29.9%
2024 · €45,458
Total assets
€161,746▲ 45.9%
2024 · €110,840
Solvency
96.9%▲ 8.8pp
2024 · 88.1%
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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
Line202320242025
Operating result€61,774-€57,430▼ 7.0%€74,689▲ 30.1%
Net result€49,213within the sector's middle half-€45,458within the sector's middle half▼ 7.6%€59,047within the sector's middle half▲ 29.9%
Equity€52,213within the sector's middle half-€97,672within the sector's middle half▲ 87.1%€156,719within the sector's middle half▲ 60.5%
Total assets€69,256below the sector's middle half-€110,840below the sector's middle half▲ 60.0%€161,746within the sector's middle half▲ 45.9%
Debt€17,043-€13,168▼ 22.7%€5,027▼ 61.8%
Working capital€52,213within the sector's middle half-€89,530within the sector's middle half▲ 71.5%€142,451within the sector's middle half▲ 59.1%
Solvency75.4%above the sector's middle half-88.1%above the sector's middle half▲ 12.7pp96.9%above the sector's middle half▲ 8.8pp
Current ratio4.06above the sector's middle half-7.80above the sector's middle half▲ 3.7429.34above the sector's middle half▲ 21.54
Return on assets (ROA)71.1%above the sector's middle half-41.0%above the sector's middle half▼ 30.0pp36.5%above the sector's middle half▼ 4.5pp
above within below the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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€20,000€40,000€60,000€80,000Operating result 2023: €61,774€61,774Net result 2023: €49,213€49,213Operating result 2024: €57,430€57,430Net result 2024: €45,458€45,458Operating result 2025: €74,689€74,689Net result 2025: €59,047€59,047202320242025€0€20,000€40,000€60,000€80,000Operating result 2023: €61,774€61,800Net result 2023: €49,213€49,200Operating result 2024: €57,430€57,400Net result 2024: €45,458€45,500Operating result 2025: €74,689€74,700Net result 2025: €59,047€59,000202320242025
The operating result recovers in 2025; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161,746
Fixed assets €14,268 ▲ 75.3%
Current assets €147,478 ▲ 43.6%
Equity and liabilities €161,746
Equity €156,719 ▲ 60.5%
Debt €5,027 ▼ 61.8%
Debt's share of the balance-sheet total falls from 11.9% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
37.7%▼
2024 · 46.5%
Debt ≤ 1 year
€5,027▼
2024 · €13,168
Income taxes
€15,517▲
2024 · €11,722
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€110,840€161,746▲
Fixed assets21/28€8,141€14,268▲
Tangible fixed assets22/27€8,141€14,268▲
Furniture and vehicles24€8,141€9,630▲
Other tangible fixed assets26-€4,638
Current assets29/58€102,699€147,478▲
Amounts receivable within one year40/41-€420
Other amounts receivable41-€420
Cash at bank and in hand54/58€101,714€146,143▲
Deferred charges and accrued income490/1€985€916▼
Equity and liabilities
Total equity and liabilities10/49€110,840€161,746▲
Equity10/15€97,672€156,719▲
Contributions10/11€3,000€3,000=
Reserves13€94,672€153,719▲
Distributable reserves133€94,672€153,719▲
Amounts payable17/49€13,168€5,027▼
Amounts payable within one year42/48€13,168€5,027▼
Trade debts44€775€899▲
Suppliers440/4€775€899▲
Taxes, remuneration and social security45€8,722€4,128▼
Taxes450/3€8,722€4,128▼
Other amounts payable47/48€3,671-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,359€3,018▲
Other operating charges640/8€211€786▲
Gross operating margin9900€59,000€78,494▲
Operating profit (loss)9901€57,430€74,689▲
Financial income75/76B€56-
Recurring financial income75€56-
Financial charges65/66B€305€125▼
Recurring financial charges65€305€125▼
Profit (loss) for the period before taxes9903€57,181€74,565▲
Income taxes67/77€11,722€15,517▲
Profit (loss) for the period9904€45,458€59,047▲
Profit (loss) for the period to be appropriated9905€45,458€59,047▲
Appropriation of the result
Profit (loss) to be appropriated9906€45,458€59,047▲
Transfer to equity691/2€45,458€59,047▲
To other reserves6921€45,458€59,047▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,165€1,359€3,018▲ 122%
Other operating charges640/8-€211€786▲ 272%
Gross operating margin9900€64,939€59,000€78,494▲ 33.0%
Operating profit (loss)9901€61,774€57,430€74,689▲ 30.1%
Financial income75/76B€0€56--
Recurring financial income75€0€56--
Financial charges65/66B€2€305€125▼ 59.2%
Recurring financial charges65€2€305€125▼ 59.2%
Profit (loss) for the period before taxes9903€61,773€57,181€74,565▲ 30.4%
Income taxes67/77€12,560€11,722€15,517▲ 32.4%
Profit (loss) for the period9904€49,213€45,458€59,047▲ 29.9%
Profit (loss) for the period to be appropriated9905€49,213€45,458€59,047▲ 29.9%
Line202320242025Change
Assets
Total assets20/58€69,256€110,840€161,746▲ 45.9%
Fixed assets21/28-€8,141€14,268▲ 75.3%
Tangible fixed assets22/27-€8,141€14,268▲ 75.3%
Furniture and vehicles24-€8,141€9,630▲ 18.3%
Other tangible fixed assets26--€4,638-
Current assets29/58€69,256€102,699€147,478▲ 43.6%
Amounts receivable within one year40/41€1,506-€420-
Trade receivables40€1,506---
Other amounts receivable41--€420-
Cash at bank and in hand54/58€67,750€101,714€146,143▲ 43.7%
Deferred charges and accrued income490/1-€985€916▼ 7.0%
Equity and liabilities
Total equity and liabilities10/49€69,256€110,840€161,746▲ 45.9%
Equity10/15€52,213€97,672€156,719▲ 60.5%
Contributions10/11€3,000€3,000€3,000=
Reserves13€49,213€94,672€153,719▲ 62.4%
Distributable reserves133€49,213€94,672€153,719▲ 62.4%
Amounts payable17/49€17,043€13,168€5,027▼ 61.8%
Amounts payable within one year42/48€17,043€13,168€5,027▼ 61.8%
Trade debts44€2,124€775€899▲ 16.0%
Suppliers440/4€2,124€775€899▲ 16.0%
Taxes, remuneration and social security45€14,345€8,722€4,128▼ 52.7%
Taxes450/3€12,560€8,722€4,128▼ 52.7%
Remuneration and social security454/9€1,786---
Other amounts payable47/48€574€3,671--
Line202320242025Change
Profit (loss) for the period9904€49,213€45,458€59,047▲ 29.9%
+ Depreciation and write-downs630€3,165€1,359€3,018▲ 122%
Operating cash flow (approximation)€52,378€46,817€62,066▲ 32.6%
Investment in fixed assets (approximation)---€9,145-
Change in cash-€33,964€44,428▲ 30.8%

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 30-04-2027
2026
20-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial Highest result since 2023net €59,047 ▲29.9%
Operating result €74,689, net result €59,047, both a record.
30-09
Financial Liquidity quadruplescurrent ratio 29.34
Current ratio from 7.80 to 29.34; short-term debt falls from €13,168 to €5,027.
30-09
Financial Equity above €150,000Eq €156,719 ▲60.5%
3 profitable years in a row build equity to €156,719.
29-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial Weakest financial yearnet €45,458 ▼7.6%
Net result drops to €45,458, the lowest in the series; recovery starts the following year.
30-03
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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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, Gent · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
157 m²
Building footprint
65 m²
Volume, LiDAR
735 m³
Parcel 44816K0949/00M007, Flanders · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
GREENCORN
Martelaarslaan 383, 9000 GentComputing infrastructure, data processing, hosting and other information service activities
since 20222.336.333.486
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44816K0949/00M007 Flanders 157 m² 1 · 65 m² 14.3 m · 4 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.

Similar companies · same sector, comparable size

Of 1,507 companies in sector 66199 we hold annual accounts for 923. 647 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
Founded29-09-2022
Fiscal year end30-09
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
66290Activities auxiliary to financial services and insurance activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0791623532
Also 9925:BE0791623532
Registered 07-03-2026

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.