GREENFORCE (0772.898.869): financials and annual accounts

GREENFORCE

Bruges ·KBO/BCE: BE 0772.898.869

Line	2025	2024	2023	2022
Balance sheet: assets
Total assets`20/58`	1.7m	1.8m	1.5m	265,141
Fixed assets`21/28`	1.0m	1.1m	957,792	-
Tangible fixed assets`22/27`	1.0m	1.1m	957,792	-
Land and buildings`22`	891,493	913,801	936,110	-
Furniture and vehicles`24`	2,649	3,659	21,682	-
Leasing and similar rights`25`	107,547	141,567	-	-
Current assets`29/58`	654,348	788,210	553,336	265,141
Stocks and contracts in progress`3`	-	2,813	68,819	33,443
Stocks`30/36`	-	2,813	68,819	33,443
Amounts receivable within one year`40/41`	648,632	775,218	460,632	171,687
Trade receivables`40`	399,645	187,290	300,700	161,611
Other amounts receivable`41`	248,988	587,928	159,933	10,076
Cash at bank and in hand`54/58`	5,715	5,317	10,471	22,105
Deferred charges and accrued income`490/1`	-	4,862	13,414	37,906
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.7m	1.8m	1.5m	265,141
Equity`10/15`	61,239	219,920	208,932	131,981
Contributions`10/11`	5,000	5,000	5,000	5,000
Reserves`13`	214,920	214,920	203,932	126,981
Distributable reserves`133`	214,920	214,920	203,932	126,981
Profit (loss) carried forward`14`	-158,681	-	-	-
Amounts payable`17/49`	1.6m	1.6m	1.3m	133,160
Amounts payable after more than one year`17`	886,736	1.1m	866,000	-
Financial debts`170/4`	886,736	1.1m	866,000	-
Amounts payable within one year`42/48`	708,062	556,130	435,132	112,258
Current portion of amounts payable after more than one year`42`	184,452	107,177	64,000	-
Trade debts`44`	223,606	344,286	123,991	58,098
Suppliers`440/4`	223,606	344,286	123,991	58,098
Taxes, remuneration and social security`45`	72,489	39,837	41,695	48,349
Taxes`450/3`	6,993	7,773	31,203	43,827
Remuneration and social security`454/9`	65,496	32,064	10,492	4,523
Other amounts payable`47/48`	227,515	64,830	205,446	5,810
Accrued charges and deferred income`492/3`	-	-	1,064	20,902
Income statement
Gross operating margin`9900`	121,693	354,739	309,637	216,214
Remuneration, social security and pensions`62`	140,394	161,434	184,349	44,285
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	57,338	51,854	3,426	-
Other operating charges`640/8`	2,016	19,105	3,271	935
Operating profit (loss)`9901`	-78,056	122,346	118,590	170,993
Financial income`75/76B`	8	2	32	-
Recurring financial income`75`	8	2	32	-
Financial charges`65/66B`	80,633	104,367	11,129	185
Recurring financial charges`65`	80,633	104,367	11,129	185
Profit (loss) for the period before taxes`9903`	-158,681	17,981	107,494	170,808
Income taxes`67/77`	-	6,993	30,543	43,827
Profit (loss) for the period`9904`	-158,681	10,988	76,951	126,981
Profit (loss) for the period to be appropriated`9905`	-158,681	10,988	76,951	126,981
Appropriation of the result
Profit (loss) to be appropriated`9906`	-158,681	10,988	76,951	126,981
Transfer to equity`691/2`	-	10,988	76,951	126,981
To other reserves`6921`	-	10,988	76,951	126,981
Social balance sheet
Average staff (FTE)`9087`	1.8	3.1	4.4	1.3
Hours worked`1013`	3,153	5,291	7,663	1,920
Document	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
30-06-2025	abbreviated format	30-10-2026	2026-00596768	PDF
30-06-2024	abbreviated format	02-12-2024	2024-00608593	PDF
30-06-2023	abbreviated format	29-01-2024	2024-00009934	PDF
30-06-2022	micro format	24-10-2022	2022-20472360	PDF

Line	2025	2024	2023	2022
EBITDA	-20,717	174,200	122,017	-
Cash flow	-101,342	62,842	80,377	-
Investment in fixed assets (approximation)	0	170,104	961,218	-
Change in cash	399	-5,154	-11,634	-
Working capital	-53,714	232,080	118,204	152,883
Solvency	3.7%	11.9%	13.8%	49.8%
Current ratio	0.92	1.42	1.27	2.36
Quick ratio	0.92	1.41	1.11	2.06
Debt to equity	26.04	7.40	6.23	1.01
ROE	-259.1%	5.0%	36.8%	96.2%
ROA	-9.6%	0.6%	5.1%	47.9%
Interest coverage	-0.26	1.67	10.96	-

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Employees at the balance-sheet date	1	4	3	4
full-time	-	3	2	2
part-time	1	1	1	2
in full-time equivalents	0.7	3.7	2.7	3.5
Average over the year, in full-time equivalents	1.8	3.1	4.4	1.3
On a permanent contract	1	4	3	4
Joined	4	2	6	4
Left	7	1	7	0
Training hours	-	16	16	7

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Debts secured on the company's own assets	€1.1m	€1.2m	€930,000	-
Mortgages, amount registered	€247,500	€247,500	€247,500	-
Mortgage mandates	€562,500	€562,500	€562,500	-
Carrying value of the mortgaged assets	€891,493	€913,801	€936,110	-
Pledge on other assets, amount secured	€140,685	€140,685	-	-
Carrying value of the other pledged assets	€107,547	€141,567	-	-

GREENFORCE

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency3.7%

Current ratio0.92

Return on assets-9.6%

Staff

Staff cost per FTE€77,997

Joined and left-3

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on GREENFORCE

Next steps

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	-	€170,104	€961,218	-
Depreciation and write-downs of the year	€57,338	€51,854	€3,426	-