Equity
€725,698 ▲ 4.8%
Greenerthings has made a profit without a break since 2020.
Greenerthings
Lifetime
7 annual accounts with figures on one time axispeak €1.0m (2024)
€121,855▼ 88.3%
lowest -€2,879 (2019)
€32,916▼ 94.5%
peak €725,698 (2025)
€725,698▲ 4.8%
€2.3m▲ 84.7%
peak 3.2 FTE (2024)
3.2 FTEunchanged
Board3 names since 2018
2 directorsVORMERS and 1 other
Owners2 names in the annual accounts
50%VAN HEES AUTOMATISERING and 1 other
Documentsfilings and deeds
30-04-2026on the last day
2025abbreviated format
Gross margin from €1.0m to €121,855Result from €598,423 to €32,916Debts from €1.3m to €2.3m
Key points
from the 2025 annual accountsResult
€32,916 ▼ 94.5%
The result fell in 2025 from €598,423 to €32,916.
Turnover
≈ €310,000 estimated
The accounts state no turnover.
Debts
€2.3m 76% of the balance sheet
Financial debts 17%Suppliers 65%Taxes and wages 1%Other 18%
Of this, €1.9m falls due within a year.
Staff
3 employees on 30-09-2025
In 2025, 2 people joined and 1 left.
Filings
7 annual accounts 1 late
The 2024 accounts came 15 days late. The other six were filed on time.
Checked score
81
Excellent
Financially stronger than 30% of micro companies in machinery and equipment (NACE 28)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 980 companies (NACE 28, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.8%▲ +0.1 percentage points vs 12-2024
02-2025: 1.0%▲ +0.2 percentage points vs 01-2025
03-2025: 0.9%▼ -0.1 percentage points vs 02-2025
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025
05-2025: 1.8%▲ +0.8 percentage points vs 04-2025highest value
06-2025: 0.4%▼ -1.4 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.5%▲ +0.1 percentage points vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 1.2%▲ +0.5 percentage points vs 04-2026
06-2026: 0.5%▼ -0.7 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.4%▼ -0.1 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.59, cash €102,472
Equity €725,698 (23.9% of total assets)
lowers risk
Figures for financial year 2025 (filed on 04-05-2026)
Size: 3.2 FTE, total assets €3.0m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, micro). It does better than 29% of them on solvency, 14% on liquidity, 24% on profitability and 52% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,274 companies had the same profile as Greenerthings has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Greenerthings itself is lower: 0.4% within 12 months. It rests on far more data about Greenerthings than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,274 companies, not a prediction for Greenerthings. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.59 (1.85 in 2024), above the usual 1.5. Short-term debt is 62.8% and cash 3.4% of total assets. However, 76.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €725,698
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 30-04-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
15 days late
2023
4 days early
2022
6 days early
2021
5 days early
2020
10 days early
2019
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Board and ownership
- VAN HEES AUTOMATISERING 50%score 82equity €114,360 (2025) · 2025 annual accounts of VAN HEES AUTOMATISERING
- Vormers 50%score 84equity €138,352 (2025) · 31-03-2025 annual accounts of Vormers
Shares in 1 company, Aditek Group
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0699543115
Registered office moved from Oud-Turnhout to Weelde
New registered office: Industrieweg 1b, 2381 Weelde · Previous registered office: Steenweg op Ravels 224, 2360 Oud-Turnhout · Board meeting of 20-04-2023 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Ontbossen · Ravels
1 director appointed, 1 resignation
Change of role: VORMERS, from manager to director · Resignation: Koen Van Hees · Appointment: VAN HEES AUTOMATISERING (director) · General meeting of 07-04-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Greenerthings Ravels | €3.0m | €121,855 | 23.9% | 3.2 |
| Climo Hulshout | €0.8m | €212,028 | 11.4% | 1.4 |
| REMY FRENAY Dalhem | €1.9m | €458,955 | 22.2% | 3 |
| FRISKE Gavere | €1.1m | €498,229 | 47.0% | 4.2 |
| AUGUSTUS Mechelen | €1.7m | €647,873 | 66.6% | 5 |
| HVACR Vermeire Oostkamp | €0.8m | €325,798 | 57.8% | 2 |
| FBss Temse | €3.5m | €807,553 | 59.1% | 3.8 |
These companies have the same main activity as Greenerthings: manufacture of machinery and equipment not elsewhere classified (NACE 28250). They are comparable in size and age: total assets between €787,000 and €3.5m, founded between 2009 and 2022.
Official details
Source: KBO- Status
- Active since 03-07-2018Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28250
- Joint committees
- 149.01Electricians: installation and distribution
- 200Auxiliary committee for white-collar workers · annual accounts 30-09-2025
- Establishment unit
- 2.282.162.7482381 Ravels, since 03-07-2018
- Financial year end
- 30 September
- Peppol
- Reachable since 30-10-2025
Annual accounts to 30-09-2025
- €3.0m▲ 56.2%
- Employeeson 30-09-2025
- 3=
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on Greenerthings
Greenerthings files the abbreviated format. That format states no turnover. The gross margin rose from €2,252 in 2019 to €121,855 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Greenerthings
- What is the company number of Greenerthings?
- The company number of Greenerthings is 0699.543.115. The VAT number is the same number with BE in front: BE 0699.543.115.
- Where is Greenerthings based?
- The registered office is at Industrieweg 1, 2381 Ravels.Company details
- What does Greenerthings do?
- According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28250).
- What is the legal form of Greenerthings?
- Greenerthings is a private limited company (BV).
- When was Greenerthings founded?
- Greenerthings was founded on 03-07-2018.
- Is Greenerthings still active?
- Yes, Greenerthings is an active enterprise in the KBO register.
- How many employees does Greenerthings have?
- Greenerthings had an average of 3.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Greenerthings fall under?
- In its 30-09-2025 annual accounts, Greenerthings states joint committees 149.01 (Electricians: installation and distribution) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Greenerthings?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €121,855 and 1,647 comparable companies of the same size. It probably lies between €190,000 and €580,000. It is a rough estimate.
- Is Greenerthings profitable?
- In financial year 2025, Greenerthings made a profit of €32,916.
- Where can I find the annual accounts of Greenerthings?
- Greenerthings filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Greenerthings due?
- Greenerthings must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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