GREENHOUSE
ActiveSummary
GREENHOUSE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €608,432 and a net result of €98,902. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 1766 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+2
Solvency66▼-22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.58 against 3.48 in 2024; short-term debt: 14% and cash: 7.3% of total assets), but 58.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
41.5%
Return on assets
6.7%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
6 d early
2022
58 d late
2021
31 d late
2020
51 d early
2019
41 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 26 July (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€608,432▲ 12.8%
2024 · €539,530
Total assets
€1.5m▲ 72.1%
2024 · €852,419
Net result
€98,902▲ 151%
2024 · €39,395
Working capital
€324,463▼ 15.8%
2024 · €385,335
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€128,569▼ 6.0%€55,817▼ 56.6%€91,481▲ 63.9%€50,055▼ 45.3%€109,480▲ 119%
Net result€101,130within the sector's middle half▼ 9.7%€42,861within the sector's middle half▼ 57.6%€72,893within the sector's middle half▲ 70.1%€39,395within the sector's middle half▼ 46.0%€98,902within the sector's middle half▲ 151%
Equity€529,882within the sector's middle half▲ 15.5%€487,241within the sector's middle half▼ 8.0%€530,135within the sector's middle half▲ 8.8%€539,530within the sector's middle half▲ 1.8%€608,432within the sector's middle half▲ 12.8%
Total assets€839,292within the sector's middle half▲ 8.1%€803,568below the sector's middle half▼ 4.3%€906,699within the sector's middle half▲ 12.8%€852,419below the sector's middle half▼ 6.0%€1.5mwithin the sector's middle half▲ 72.1%
Debt€309,410▼ 2.7%€316,327▲ 2.2%€376,564▲ 19.0%€312,889▼ 16.9%€858,839▲ 174%
Working capital€336,107within the sector's middle half▲ 40.8%€318,108within the sector's middle half▼ 5.4%€362,157within the sector's middle half▲ 13.8%€385,335within the sector's middle half▲ 6.4%€324,463within the sector's middle half▼ 15.8%
Solvency63.1%above the sector's middle half▲ 4.1pp60.6%above the sector's middle half▼ 2.5pp58.5%within the sector's middle half▼ 2.2pp63.3%within the sector's middle half▲ 4.8pp41.5%within the sector's middle half▼ 21.8pp
Current ratio2.64above the sector's middle half▲ 0.632.50above the sector's middle half▼ 0.142.87above the sector's middle half▲ 0.373.48above the sector's middle half▲ 0.612.58within the sector's middle half▼ 0.90
Return on assets (ROA)12.0%above the sector's middle half▼ 2.4pp5.3%within the sector's middle half▼ 6.7pp8.0%within the sector's middle half▲ 2.7pp4.6%within the sector's middle half▼ 3.4pp6.7%within the sector's middle half▲ 2.1pp
Staff (FTE)1.6within the sector's middle half=1.6within the sector's middle half=1.6within the sector's middle half=1.6within the sector's middle half=1.6within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 119% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€937,870 ▲ 201%
Current assets
€529,401 ▼ 2.1%
Equity and liabilities €1.5m
Equity
€608,432 ▲ 12.8%
Debt
€858,839 ▲ 174%
Debt's share of the balance-sheet total rises from 36.7% to 58.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€158,719▲
2024 · €96,169
Cash flow
€148,141▲
2024 · €85,509
Quick ratio
1.39▼
2024 · 1.76
Debt to equity
1.41▲
2024 · 0.58
ROE
16.3%▲
2024 · 7.3%
Interest coverage
14.38▲
2024 · 12.60
Debt ≤ 1 year
€204,938▲
2024 · €155,285
Debt > 1 year
€643,250▲
2024 · €147,625
Income taxes
€2,566▼
2024 · €4,675
Staff costs
€67,388▲
2024 · €60,909
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €18,554 | - |
| Remuneration, social security and pensions62 | €53,482 | €59,979 | €64,712 | €60,909 | €67,388 | ▲ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,754 | €36,996 | €37,821 | €46,113 | €49,239 | ▲ 6.8% |
| Other operating charges640/8 | €3,535 | €4,128 | €6,817 | €3,140 | €5,395 | ▲ 71.8% |
| Gross operating margin9900 | €214,340 | €156,920 | €200,830 | €160,218 | €231,502 | ▲ 44.5% |
| Operating profit (loss)9901 | €128,569 | €55,817 | €91,481 | €50,055 | €109,480 | ▲ 119% |
| Financial income75/76B | €668 | €2,356 | €1,833 | €1,646 | €3,022 | ▲ 83.6% |
| Recurring financial income75 | €668 | €2,356 | €1,833 | €1,646 | €3,022 | ▲ 83.6% |
| Financial charges65/66B | €5,507 | €6,242 | €7,612 | €7,631 | €11,035 | ▲ 44.6% |
| Recurring financial charges65 | €5,507 | €6,242 | €7,612 | €7,631 | €11,035 | ▲ 44.6% |
| Profit (loss) for the period before taxes9903 | €123,730 | €51,931 | €85,702 | €44,070 | €101,467 | ▲ 130% |
| Income taxes67/77 | €22,600 | €9,070 | €12,808 | €4,675 | €2,566 | ▼ 45.1% |
| Profit (loss) for the period9904 | €101,130 | €42,861 | €72,893 | €39,395 | €98,902 | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | €101,130 | €42,861 | €72,893 | €39,395 | €98,902 | ▲ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €839,292 | €803,568 | €906,699 | €852,419 | €1.5m | ▲ 72.1% |
| Fixed assets21/28 | €297,764 | €273,220 | €350,716 | €311,798 | €937,870 | ▲ 201% |
| Tangible fixed assets22/27 | €296,876 | €272,332 | €349,827 | €310,910 | €936,982 | ▲ 201% |
| Land and buildings22 | €173,146 | €121,272 | €203,925 | €189,244 | €174,529 | ▼ 7.8% |
| Plant, machinery and equipment23 | €90,083 | €111,081 | €103,495 | €92,451 | €78,743 | ▼ 14.8% |
| Furniture and vehicles24 | €33,647 | €39,979 | €42,408 | €29,214 | €98,760 | ▲ 238% |
| Assets under construction and advance payments27 | - | - | - | - | €584,950 | - |
| Financial fixed assets28 | €888 | €888 | €888 | €888 | €888 | = |
| Current assets29/58 | €541,528 | €530,348 | €555,983 | €540,621 | €529,401 | ▼ 2.1% |
| Amounts receivable after more than one year29 | €68,690 | €65,987 | €63,211 | €60,362 | €57,438 | ▼ 4.8% |
| Other amounts receivable291 | €68,690 | €65,987 | €63,211 | €60,362 | €57,438 | ▼ 4.8% |
| Stocks and contracts in progress3 | €295,495 | €306,484 | €290,454 | €267,451 | €243,548 | ▼ 8.9% |
| Stocks30/36 | €295,495 | €306,484 | €290,454 | €267,451 | €243,548 | ▼ 8.9% |
| Amounts receivable within one year40/41 | €154,584 | €145,220 | €182,728 | €199,529 | €119,821 | ▼ 39.9% |
| Trade receivables40 | €10,214 | €8,260 | €6,959 | €10,215 | €14,886 | ▲ 45.7% |
| Other amounts receivable41 | €144,371 | €136,960 | €175,770 | €189,314 | €104,935 | ▼ 44.6% |
| Cash at bank and in hand54/58 | €19,266 | €11,087 | €15,985 | €10,939 | €107,660 | ▲ 884% |
| Deferred charges and accrued income490/1 | €3,493 | €1,570 | €3,604 | €2,339 | €934 | ▼ 60.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €839,292 | €803,568 | €906,699 | €852,419 | €1.5m | ▲ 72.1% |
| Equity10/15 | €529,882 | €487,241 | €530,135 | €539,530 | €608,432 | ▲ 12.8% |
| Contributions10/11 | €30,987 | €26,664 | €26,664 | €26,664 | €26,664 | = |
| Reserves13 | €498,895 | €472,163 | €515,056 | €524,452 | €593,353 | ▲ 13.1% |
| Non-distributable reserves130/1 | €3,099 | €2,666 | - | - | - | - |
| Reserves not available under the articles1311 | €3,099 | €2,666 | - | - | - | - |
| Distributable reserves133 | €495,797 | €469,497 | €515,056 | €524,452 | €593,353 | ▲ 13.1% |
| Profit (loss) carried forward14 | - | -€11,586 | -€11,586 | -€11,586 | -€11,586 | = |
| Amounts payable17/49 | €309,410 | €316,327 | €376,564 | €312,889 | €858,839 | ▲ 174% |
| Amounts payable after more than one year17 | €97,227 | €96,515 | €173,519 | €147,625 | €643,250 | ▲ 336% |
| Financial debts170/4 | €97,227 | €96,515 | €173,519 | €147,625 | €643,250 | ▲ 336% |
| Amounts payable within one year42/48 | €205,421 | €212,240 | €193,825 | €155,285 | €204,938 | ▲ 32.0% |
| Current portion of amounts payable after more than one year42 | €54,364 | €32,014 | €36,956 | €25,895 | €47,500 | ▲ 83.4% |
| Financial debts43 | €8,381 | €8,461 | €100 | €100 | €100 | = |
| Credit institutions430/8 | €8,381 | €8,461 | €100 | €100 | €100 | = |
| Trade debts44 | €103,970 | €127,311 | €96,537 | €77,403 | €107,744 | ▲ 39.2% |
| Suppliers440/4 | €103,970 | €127,311 | €96,537 | €77,403 | €107,744 | ▲ 39.2% |
| Taxes, remuneration and social security45 | €12,755 | €9,217 | €9,000 | €16,888 | €9,594 | ▼ 43.2% |
| Taxes450/3 | €6,990 | €2,340 | €2,554 | €7,479 | €4,675 | ▼ 37.5% |
| Remuneration and social security454/9 | €5,765 | €6,877 | €6,446 | €9,409 | €4,919 | ▼ 47.7% |
| Other amounts payable47/48 | €25,951 | €35,237 | €51,233 | €35,000 | €40,000 | ▲ 14.3% |
| Accrued charges and deferred income492/3 | €6,762 | €7,572 | €9,219 | €9,979 | €10,652 | ▲ 6.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,130 | €42,861 | €72,893 | €39,395 | €98,902 | ▲ 151% |
| + Depreciation and write-downs630 | €28,754 | €36,996 | €37,821 | €46,113 | €49,239 | ▲ 6.8% |
| Operating cash flow (approximation) | €129,884 | €79,857 | €110,714 | €85,509 | €148,141 | ▲ 73.2% |
| Investment in fixed assets (approximation) | - | -€12,452 | -€115,316 | -€7,196 | -€675,311 | ▼ 9,285% |
| Change in cash | - | -€8,179 | €4,898 | -€5,047 | €96,722 | ▲ 2,016% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €530,135 ▲8.8%
6 profitable years in a row build equity to €530,135.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 58 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €500,000Eq €529,882 ▲15.5%
4 profitable years in a row build equity to €529,882.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €112,043 ▲204%
Operating result €136,818, net result €112,043, both a record.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Brugge · 1 establishment unit since 1988
Ground area
682 m²
Building footprint
682 m²
Volume, LiDAR
1,840 m³
Parcel 31424B0227/00B000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GREENHOUSE
since 19882.039.935.734
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31424B0227/00B000 | Flanders | 682 m² | 1 · 682 m² | 6.6 m · 1 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
33.6%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 596 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 596 EUR | 0 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.039.935.734
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Of 207 companies in sector 01309 we hold annual accounts for 82. 65 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
Founded22-08-1988
Fiscal year end31-12
Activities, NACEBEL 2025
01309Crop and animal production, hunting and related service activities
47761Retail sale of flowers, plants, seeds and fertilisers
01301Crop and animal production, hunting and related service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435011940
Also
9925:BE0435011940
Registered
28-03-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.