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GREENGLASS

Active
Public limited companyfounded 2014active for 12 yearsMorenhoekstraat 23, 2840 Rumst, BelgiumKBO/BCE: BE 0556.816.820
Summary

GREENGLASS has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.3m and a net result of -€32,372. Equity has been growing by about 11% per year since 2018. Its solvency ranks better than 93% of 352 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 17-07-2014 Normal situation
Activity
Electricity, gas, steam and air conditioning supply NACE 35150and 7 others
Establishment units
2.233.917.324 2840 Rumst, since 17-07-2014
2.264.270.802 3191 Boortmeerbeek, since 01-03-2017
Financial year end
31 December
Peppol
Reachable since 20-11-2025

Financial position

89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€709,499
▲ 26.6%
Turnover
≈ €1.7m
estimated
Loss
€32,372
▼ 65.7%
Equity
€4.3m
▼ 0.7%
Total assets
€4.8m
▼ 1.9%
Employees on 31-12-2025
9
▼ 18.2%
Score breakdownraises riskSize: 12.5 FTE, total assets €4.8mLiquidity: current ratio 7.11, cash €176,773lowers riskFounded in 2014Figures for financial year 2025 (filed on 13-07-2026)Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 57% of small companies in electricity, gas and steam (NACE 35)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 89.6% of total assets
Liquidity 54+3
short-term debt 10.4% · cash 3.7%
Profitability 68+2
return on assets -0.7%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (254 companies, NACE 35, small)
Last 24 months 12-2024: 0.3% 01-2025: 0.2%▼ -0.1 percentage points vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.3%▲ +0.1 percentage points vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.3%▼ -0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.2%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €380,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.11 (6.79 in 2024), above the usual 1.5. Short-term debt is 10.4% and cash 3.7% of total assets. 10.4% of the assets are financed with debt and provisions.
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 35, small). It does better than 95% of them on solvency, 58% on liquidity, 42% on profitability and 34% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Size: 12.5 FTE, total assets €4.8m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2014
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 7.11, cash €176,773
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 13-07-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
15 days early
2023
16 days early
2022
12 days early
2021
24 days late
2020
2 days early
2019
67 days late
← 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 4 days after the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 92% of companies in electricity, gas and steamsector median 28.1% · 352 companies 89.6% View
  • Positive: Result rose in 2025from -€94,468 to -€32,372 ▲ 65.7% View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€32,372 View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

Recent changes

  1. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as GREENGLASS: electricity, gas, steam and air conditioning supply (NACE 35150). They are comparable in size and age: total assets between €485,000 and €16m, founded between 2008 and 2018.

CompanyTotal assetsGross margin
GREENGLASS Rumst€4.8m€0.7m
ZUID-HOBOKEN Antwerpen€2.3m€0.4m
INGELEC Mouscron€2.6m€1.0m
TerPower Hulshout€3.8m€0.4m
B-WISE Puurs-Sint-Amands€0.5m€0.8m
OURTH'EOLE Houyet€3.9m€0.6m
CORETEC Services Awans€15.8m€2.6m
Full comparison

Key facts about GREENGLASS

What is the company number of GREENGLASS?
The company number of GREENGLASS is 0556.816.820. The VAT number is the same number with BE in front: BE 0556.816.820.
Where is GREENGLASS based?
The registered office is at Morenhoekstraat 23, 2840 Rumst.Company details
What does GREENGLASS do?
According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35150).
What is the legal form of GREENGLASS?
The legal form of GREENGLASS is Public limited company (NV).
When was GREENGLASS founded?
GREENGLASS was founded on 17-07-2014.
Is GREENGLASS still active?
Yes, GREENGLASS is an active enterprise in the KBO register.
How many employees does GREENGLASS have?
GREENGLASS had an average of 12.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of GREENGLASS?
The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €709,499 and 2,281 comparable companies of the same size. It probably lies between €1.0m and €2.8m. It is a rough estimate.
Is GREENGLASS profitable?
In financial year 2025, GREENGLASS made a loss of €32,372.
Where can I find the annual accounts of GREENGLASS?
GREENGLASS filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GREENGLASS due?
GREENGLASS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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