Greenpine
ActiveSummary
Greenpine has been active since 2011 and the Belgian Official 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 financial years (±0% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€902,332▲ 1,275×
2024 · €708
Working capital
€979,683▲ 0.3%
2024 · €976,551
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €4,686 in 2025 against €6,238 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.005m
2025
Net result€0.9m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€5.7m
2025
Equity€4.8m
2025
Debt€0.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.0m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.004m--€0.005m▼ 12.4%-€0.004m▲ 9.1%-€0.004m▼ 2.1%-€0.005m▼ 1.2%-€0.006m▼ 38.4%-€0.005m▲ 24.9%
Net result€0.001m--€490€0.001m€0.001m▲ 10.1%€0.003m▲ 128%€0.001m▼ 77.2%€0.9m▲ 1,275×
Equity€4.8m-€4.8m=€4.8m=€4.8m=€4.8m▲ 0.1%€4.8m=€4.8m▲ 0.1%
Total assets€4.8m-€4.8m=€4.8m=€4.8m=€4.8m▲ 0.1%€4.8m▲ 0.1%€5.7m▲ 18.6%
Debt€0.002m-€0.002m▲ 15.5%€0.003m▲ 65.6%€0.002m▼ 43.1%€0.002m▲ 22.2%€0.006m▲ 178%€0.9m▲ 162×
Working capital€1.0m-€1.0m▼ 0.1%€1.0m▲ 0.1%€1.0m▲ 0.1%€1.0m▲ 0.3%€1.0m▲ 0.1%€1.0m▲ 0.3%
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 ▲ 162×
Debt's share of the balance-sheet total rises from 0.1% to 15.7%. Equity and debt are higher.
Key figures and ratios
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
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €868 | €884 | €622 | €487 | ▼ 21.7% |
| Gross operating margin9900 | -€3,400 | -€3,929 | -€3,491 | -€3,585 | -€3,624 | -€5,615 | -€4,199 | ▲ 25.2% |
| Operating profit (loss)9901 | -€4,268 | -€4,797 | -€4,359 | -€4,453 | -€4,508 | -€6,238 | -€4,686 | ▲ 24.9% |
| Financial income75/76B | - | - | - | €6,795 | €8,811 | €7,272 | €908,988 | ▲ 125× |
| Recurring financial income75 | €6,359 | €4,374 | €5,937 | €6,795 | €8,811 | €7,272 | €908,988 | ▲ 125× |
| Financial charges65/66B | - | - | - | €485 | €69 | €69 | €797 | ▲ 12× |
| Recurring financial charges65 | €81 | €68 | €70 | €485 | €69 | €69 | €797 | ▲ 12× |
| Profit (loss) for the period before taxes9903 | €2,010 | -€490 | €1,508 | €1,857 | €4,234 | €966 | €903,505 | ▲ 936× |
| Income taxes67/77 | €635 | - | €271 | €496 | €1,130 | €258 | €1,173 | ▲ 355% |
| Profit (loss) for the period9904 | €1,376 | -€490 | €1,236 | €1,361 | €3,104 | €708 | €902,332 | ▲ 1,275× |
| Profit (loss) for the period to be appropriated9905 | €1,376 | -€490 | €1,236 | €1,361 | €3,104 | €708 | €902,332 | ▲ 1,275× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.8m | €4.8m | €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 | €3.9m | €3.9m | = |
| Financial fixed assets28 | €3.9m | €3.9m | €3.9m | €3.9m | €3.9m | €3.9m | €3.9m | = |
| Current assets29/58 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.9m | ▲ 91.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.5m | €0.5m | €0.7m | ▲ 38.6% |
| Other amounts receivable291 | - | - | - | - | €0.5m | €0.5m | €0.7m | ▲ 38.6% |
| Amounts receivable within one year40/41 | €0.06m | €0.1m | €0.6m | €0.7m | €0.2m | €0.2m | €0.2m | = |
| Other amounts receivable41 | - | - | - | €0.7m | €0.2m | €0.2m | €0.2m | = |
| Cash at bank and in hand54/58 | €0.8m | €0.7m | €0.3m | €0.3m | €0.3m | €0.3m | €0.1m | ▼ 65.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.003m | €0.003m | €0.9m | ▲ 350× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €5.7m | ▲ 18.6% |
| Equity10/15 | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | €4.8m | ▲ 0.1% |
| Contributions10/11 | €4.6m | €4.6m | €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 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 5.2% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 5.2% |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 5.2% |
| Profit (loss) carried forward14 | €0.003m | €0.003m | €0.004m | €0.005m | €0.008m | €0.009m | - | - |
| Amounts payable17/49 | €0.002m | €0.002m | €0.003m | €0.002m | €0.002m | €0.006m | €0.9m | ▲ 162× |
| Amounts payable within one year42/48 | €0.002m | €0.002m | €0.003m | €0.002m | €0.002m | €0.006m | €0.9m | ▲ 162× |
| Trade debts44 | €0.001m | €0.002m | €0.003m | €0.001m | €0.001m | €0.004m | - | - |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.004m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 15.5% |
| Taxes450/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 15.5% |
| Other amounts payable47/48 | - | - | - | - | - | - | €0.9m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,376 | -€490 | €1,236 | €1,361 | €3,104 | €708 | €902,332 | ▲ 1,275× |
| Operating cash flow (approximation) | €1,376 | -€490 | €1,236 | €1,361 | €3,104 | €708 | €902,332 | ▲ 1,275× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€96,397 | -€425,731 | -€6,674 | €9,992 | €4,648 | -€204,727 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | full format | 15-12-2025 | 2025-00581448 |
| 30-06-2024 | full format | 28-11-2024 | 2024-00605637 |
| 30-06-2023 | full format | 07-12-2023 | 2023-00523774 |
| 30-06-2022 | full format | 16-01-2023 | 2023-20558784 |
| 30-06-2021 | full format | 27-01-2022 | 2022-03700063 |
| 30-06-2020 | full format | 19-01-2021 | 2021-01400073 |
| 30-06-2019 | full format | 03-12-2019 | 2019-75600459 |
| 30-06-2018 | full format | 08-01-2019 | 2019-01000491 |
| 30-06-2017 | full format | 04-12-2017 | 2017-71300191 |
| 30-06-2016 | full format | 29-11-2016 | 2016-68800156 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.