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Greenpine

Active
Public limited companyfounded 201115 yrs activeIndustriëlaan 97, 7700 Mouscron, BelgiumKBO/BCE: BE 0834.791.304
Summary

Greenpine has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.8m and a net result of €902,332. Equity remains stable across the filed fiscal years (±0% per year). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysis Watch Report Compare
GreenpineActiveChecked score 75/100
Risk analysis Report Compare

Checked score

Score 2025
75 / 100
Excellent
Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+39
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €360,000 at 30 days acceptable
Liquidity ample (current ratio 2.09; short-term debt: 15.7% and cash: 1.9% of total assets), and 15.7% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
84.3%
Return on assets
15.7%
Age of the figures
15 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
47 d early
2024
64 d early
2023
55 d early
2022
15 d early
2021
4 d early
2020
12 d early
2019
59 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 37 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 15 December (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Greenpine was incorporated on 24 March 2011.1 Total assets rose from EUR 4.8 million in 2019 to EUR 5.7 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€902,332▲ 127,379%
2024 · €708
Working capital
€979,683▲ 0.3%
2024 · €976,551
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€4,359▲ 9.1%-€4,453▼ 2.1%-€4,508▼ 1.2%-€6,238▼ 38.4%-€4,686▲ 24.9%
Net result€1,236€1,361▲ 10.1%€3,104▲ 128%€708▼ 77.2%€902,332▲ 127,379%
Equity€4.8m=€4.8m=€4.8m▲ 0.1%€4.8m=€4.8m▲ 0.1%
Total assets€4.8m=€4.8m=€4.8m▲ 0.1%€4.8m▲ 0.1%€5.7m▲ 18.6%
Debt€2,875▲ 65.6%€1,635▼ 43.1%€1,998▲ 22.2%€5,558▲ 178%€901,503▲ 16,119%
Working capital€971,378▲ 0.1%€972,739▲ 0.1%€975,844▲ 0.3%€976,551▲ 0.1%€979,683▲ 0.3%
Result per fiscal year
Operating resultNet result
-€250,000€0€250,000€500,000€750,000€1.0mOperating result 2021: -€4,359-€4,359Net result 2021: €1,236€1,236Operating result 2022: -€4,453-€4,453Net result 2022: €1,361€1,361Operating result 2023: -€4,508-€4,508Net result 2023: €3,104€3,104Operating result 2024: -€6,238-€6,238Net result 2024: €708€708Operating result 2025: -€4,686-€4,686Net result 2025: €902,332€902,33220212022202320242025-€250,000€0€250,000€500,000€750,000€1mOperating result 2023: -€4,508-€4,510Net result 2023: €3,104€3,100Operating result 2024: -€6,238-€6,240Net result 2024: €708€708Operating result 2025: -€4,686-€4,690Net result 2025: €902,332€902,000202320242025
The operating result stays negative: a loss of €4,686 in 2025 against €6,238 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.7m
Fixed assets €3.9m =
Current assets €1.9m ▲ 91.5%
Equity and liabilities €5.7m
Equity €4.8m ▲ 0.1%
Debt €901,503 ▲ 16,119%
Debt's share of the balance-sheet total rises from 0.1% to 15.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
2.09
Debt to equity
0.19▲
2024 · 0.00
ROE
18.6%▲
2024 · 0.0%
ROA
15.7%▲
2024 · 0.0%
Debt ≤ 1 year
€901,503▲
2024 · €5,558
Income taxes
€1,173▲
2024 · €258
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€4.8m€5.7m▲
Fixed assets21/28€3.9m€3.9m=
Financial fixed assets28€3.9m€3.9m=
Current assets29/58€982,110€1.9m▲
Amounts receivable after more than one year29€518,500€718,500▲
Other amounts receivable291€518,500€718,500▲
Amounts receivable within one year40/41€150,000€150,000=
Other amounts receivable41€150,000€150,000=
Cash at bank and in hand54/58€311,017€106,291▼
Deferred charges and accrued income490/1€2,593€906,395▲
Equity and liabilities
Total equity and liabilities10/49€4.8m€5.7m▲
Equity10/15€4.8m€4.8m▲
Contributions10/11€4.6m€4.6m=
Capital10€4.6m€4.6m=
Issued capital100€4.6m€4.6m=
Reserves13€229,421€241,314▲
Non-distributable reserves130/1€229,421€241,314▲
Legal reserve130€229,421€241,314▲
Profit (loss) carried forward14€8,762-
Amounts payable17/49€5,558€901,503▲
Amounts payable within one year42/48€5,558€901,503▲
Trade debts44€4,171-
Suppliers440/4€4,171-
Taxes, remuneration and social security45€1,388€1,173▼
Taxes450/3€1,388€1,173▼
Other amounts payable47/48-€900,330
Income statement Code20242025
Other operating charges640/8€622€487▼
Gross operating margin9900-€5,615-€4,199▲
Operating profit (loss)9901-€6,238-€4,686▲
Financial income75/76B€7,272€908,988▲
Recurring financial income75€7,272€908,988▲
Financial charges65/66B€69€797▲
Recurring financial charges65€69€797▲
Profit (loss) for the period before taxes9903€966€903,505▲
Income taxes67/77€258€1,173▲
Profit (loss) for the period9904€708€902,332▲
Profit (loss) for the period to be appropriated9905€708€902,332▲
Appropriation of the result
Profit (loss) to be appropriated9906€8,797€911,093▲
Profit (loss) brought forward from the previous period14P€8,089€8,762▲
Transfer to equity691/2€35€11,893▲
To the legal reserve6920€35€11,893▲
Profit to be distributed694/7-€899,200
Return on contributions (dividend)694-€899,200

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€868€884€622€487▼ 21.7%
Gross operating margin9900-€3,491-€3,585-€3,624-€5,615-€4,199▲ 25.2%
Operating profit (loss)9901-€4,359-€4,453-€4,508-€6,238-€4,686▲ 24.9%
Financial income75/76B-€6,795€8,811€7,272€908,988▲ 12,400%
Recurring financial income75€5,937€6,795€8,811€7,272€908,988▲ 12,400%
Financial charges65/66B-€485€69€69€797▲ 1,055%
Recurring financial charges65€70€485€69€69€797▲ 1,055%
Profit (loss) for the period before taxes9903€1,508€1,857€4,234€966€903,505▲ 93,479%
Income taxes67/77€271€496€1,130€258€1,173▲ 355%
Profit (loss) for the period9904€1,236€1,361€3,104€708€902,332▲ 127,379%
Profit (loss) for the period to be appropriated9905€1,236€1,361€3,104€708€902,332▲ 127,379%
Line20212022202320242025Change
Assets
Total assets20/58€4.8m€4.8m€4.8m€4.8m€5.7m▲ 18.6%
Fixed assets21/28€3.9m€3.9m€3.9m€3.9m€3.9m=
Financial fixed assets28€3.9m€3.9m€3.9m€3.9m€3.9m=
Current assets29/58€974,253€974,374€977,842€982,110€1.9m▲ 91.5%
Amounts receivable after more than one year29--€518,500€518,500€718,500▲ 38.6%
Other amounts receivable291--€518,500€518,500€718,500▲ 38.6%
Amounts receivable within one year40/41€630,500€668,500€150,000€150,000€150,000=
Other amounts receivable41-€668,500€150,000€150,000€150,000=
Cash at bank and in hand54/58€303,052€296,378€306,370€311,017€106,291▼ 65.8%
Deferred charges and accrued income490/1-€9,496€2,972€2,593€906,395▲ 34,862%
Equity and liabilities
Total equity and liabilities10/49€4.8m€4.8m€4.8m€4.8m€5.7m▲ 18.6%
Equity10/15€4.8m€4.8m€4.8m€4.8m€4.8m▲ 0.1%
Contributions10/11€4.6m€4.6m€4.6m€4.6m€4.6m=
Capital10-€4.6m€4.6m€4.6m€4.6m=
Issued capital100-€4.6m€4.6m€4.6m€4.6m=
Reserves13€229,162€229,230€229,385€229,421€241,314▲ 5.2%
Non-distributable reserves130/1-€229,230€229,385€229,421€241,314▲ 5.2%
Legal reserve130-€229,230€229,385€229,421€241,314▲ 5.2%
Profit (loss) carried forward14€3,847€5,140€8,089€8,762--
Amounts payable17/49€2,875€1,635€1,998€5,558€901,503▲ 16,119%
Amounts payable within one year42/48€2,875€1,635€1,998€5,558€901,503▲ 16,119%
Trade debts44€2,604€868€868€4,171--
Suppliers440/4-€868€868€4,171--
Taxes, remuneration and social security45-€767€1,130€1,388€1,173▼ 15.5%
Taxes450/3-€767€1,130€1,388€1,173▼ 15.5%
Other amounts payable47/48----€900,330-
Line20212022202320242025Change
Profit (loss) for the period9904€1,236€1,361€3,104€708€902,332▲ 127,379%
Operating cash flow (approximation)€1,236€1,361€3,104€708€902,332▲ 127,379%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€6,674€9,992€4,648-€204,727▼ 4,505%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2025
15-12
NBB filing Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial Highest result since 2019net €902,332 ▲127,379%
Net result €902,332, the highest in the series.
2024
28-11
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2023
07-12
NBB filing Annual accounts filed
fiscal year 2023 · full schema
16-01
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
27-01
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial Back to profitnet €1,236
Net result €1,236 after one loss-making year.
19-01
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial Weakest financial yearnet -€490
Net result drops to -€490, the lowest in the series; recovery starts the following year.
2019
03-12
NBB filing Annual accounts filed
fiscal year 2019 · full schema
08-01
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2017
04-12
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2016
29-11
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Mouscron
exact location from the address register On OpenStreetMap
Ground area
1.4 ha
Building footprint
5,777 m²
Volume, LiDAR
47,565 m³
Parcel 54007B0310/00G000, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
54007B0310/00G000 Wallonia 1.4 ha 1 · 5,777 m² 9.8 m · 3 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 owner · 3 holdings

Chain of control

  1. BXB COMPANY 100%
  2. Greenpine

Highest known parent: BXB COMPANY. The sources do not say who stands above it.

Owners 1

Holdings 3

According to the annual accounts to 30-06-2025 of Greenpine and those 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.

Identification & contact

Identification
Legal formPublic limited company
Founded24-03-2011
Fiscal year end30-06
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

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