GREENGLASS
ActiveGREENGLASS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.30M and a net result of €-32k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 93% of 268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 7.11 against 6.79 in 2024; short-term debt: 10.4% and cash: 3.7% of total assets), and 10.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.6%
Return on assets
-0.7%
Age of the figures
9 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
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 filingsDeviation from the deadline
2025
18 d early
2024
15 d early
2023
16 d early
2022
12 d early
2021
24 d late
2020
2 d early
2019
67 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-32k▲ 65.7%
2024 · €-94k
2018: €555k
2019: €931k
2020: €885k
2021: €1.15M
2022: €304k
2023: €75k
2024: €-94k
2018 → 2025
Working capital
€3.05M▼ 5.2%
2024 · €3.22M
2018: €173k
2019: €1.11M
2020: €2.11M
2021: €3.08M
2022: €3.43M
2023: €3.34M
2024: €3.22M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.04M-€4.35M▲ 7.5%€4.42M▲ 1.7%€4.33M▼ 2.1%€4.30M▼ 0.7%
Operating result€1.50M-€362k▼ 75.8%€49k▼ 86.4%€-137k€-75k▲ 45.2%
Net result€1.15M-€304k▼ 73.5%€75k▼ 75.3%€-94k€-32k▲ 65.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €75k in 2025 against €137k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.80M
Fixed assets
€1.24M▲ 11.8%
Current assets
€3.55M▼ 5.9%
Equity and liabilities €4.80M
Equity
€4.30M▼ 0.7%
Debt
€501k▼ 10.5%
The debt ratio falls from 11.5% to 10.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€273k▲
2024 · €139k
Cash flow
€315k▲
2024 · €181k
Solvency
89.6%▲
2024 · 88.5%
Current ratio
7.11▲
2024 · 6.79
Quick ratio
7.05▲
2024 · 6.73
Debt / equity
0.12▼
2024 · 0.13
ROE
-0.8%▲
2024 · -2.2%
ROA
-0.7%▲
2024 · -1.9%
Interest coverage
215.11▲
2024 · 56.17
Debt
€501k▼
2024 · €560k
Debt ≤ 1 year
€500k▼
2024 · €557k
Staff costs
€429k▲
2024 · €419k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.89M€4.80M▼
Fixed assets21/28€1.11M€1.24M▲
Tangible fixed assets22/27€1.11M€1.22M▲
Plant, machinery and equipment23€1.11M€1.22M▲
Financial fixed assets28€242€22k▲
Current assets29/58€3.78M€3.55M▼
Stocks and contracts in progress3€30k€30k=
Stocks30/36€30k€30k=
Amounts receivable within one year40/41€3.16M€2.68M▼
Trade receivables40€248k€253k▲
Other amounts receivable41€2.91M€2.43M▼
Current investments50/53€450k€550k▲
Cash at bank and in hand54/58€74k€177k▲
Deferred charges and accrued income490/1€62k€119k▲
Equity and liabilities
Total equity and liabilities10/49€4.89M€4.80M▼
Equity10/15€4.33M€4.30M▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€4.23M€4.20M▼
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€4.22M€4.19M▼
Amounts payable17/49€560k€501k▼
Amounts payable within one year42/48€557k€500k▼
Trade debts44€513k€459k▼
Suppliers440/4€513k€459k▼
Taxes, remuneration and social security45€44k€41k▼
Taxes450/3€3k€3k▼
Remuneration and social security454/9€41k€38k▼
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€419k€429k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€276k€348k▲
Other operating charges640/8€2k€7k▲
Gross operating margin9900€560k€709k▲
Operating profit (loss)9901€-137k€-75k▲
Financial income75/76B€45k€44k▼
Recurring financial income75€45k€44k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-94k€-32k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-94k€-32k▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€-94k€-32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-94k€-32k▲
Transfer from equity791/2€94k€32k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)908710.612.5▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-94k ▼226%
Net result drops to €-94k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €1.15M ▲29.8%
Operating result €1.50M, net result €1.15M, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 3.39
Current ratio from 1.09 to 3.39; short-term debt falls from €1.95M to €464k.
31-12
Financial
Equity above €2MEq €2.01M ▲86.3%
2 profitable years in a row build equity to €2.01M.
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Rumst · 2 establishment units since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Morenhoekstraat 232840 RumstGround area
2.4 ha
Building footprint
1.8 ha
Volume, LiDAR
84,985 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
GREENGLASS
since 20142.233.917.324
GREENGLASS
since 20172.264.270.802
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24039A0238/00D002indicative | Flanders | 2.1 ha | 1 · 1.7 ha | 8.6 m · 2 fl. |
| 11037B0159/00C002 | Flanders | 3,057 m² | 1 · 563 m² | 8.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteRumst2.233.917.324
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Of 562 companies in sector 35150 we hold annual accounts for 230. 92 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-07-2014
Fiscal year end31-12
Activities, NACEBEL
01130Growing of vegetables, melons, roots and tubers
35150Electricity, gas, steam and air conditioning supply
01240Growing of pome and stone fruits
01610Support activities for crop production
35120Electricity, gas, steam and air conditioning supply
46319Wholesale of fruit and vegetables, excluding potatoes
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.