GREENRAY
ActiveGREENRAY has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154k and a net result of €49k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 6956 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth56▲+2
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 3.35 against 3.51 in 2024), and 29.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
70.8%
Return on assets
22.3%
Age of the figures
17 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-11-2025, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
25 d late
2023
on the day
2022
7 d late
2021
41 d late
2020
34 d late
2019
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close12-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€128k▲ 0.4%
2024 · €128k
2019: €191k
2020: €133k
2021: €132k
2022: €112k
2023: €136k
2024: €128k
2019 → 2025
EBIT margin
46.7%▲ 4.1pp
2024 · 42.5%
2019: 26.8%
2020: 11.1%
2021: 9.9%
2022: 41.4%
2023: 37.5%
2024: 42.5%
2019 → 2025
Net result
€49k▲ 10.6%
2024 · €44k
2019: €43k
2020: €15k
2021: €7k
2022: €46k
2023: €41k
2024: €44k
2019 → 2025
Working capital
€150k▲ 1.3%
2024 · €148k
2019: €85k
2020: €100k
2021: €107k
2022: €152k
2023: €151k
2024: €148k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€132k-€112k▼ 15.1%€136k▲ 20.6%€128k▼ 5.8%€128k▲ 0.4%
Equity€108k-€154k▲ 43.0%€153k▼ 0.6%€154k▲ 0.6%€154k▲ 0.4%
Operating result€13k-€46k▲ 256%€51k▲ 9.3%€54k▲ 6.9%€60k▲ 10.1%
Net result€7k-€46k▲ 547%€41k▼ 11.1%€44k▲ 6.8%€49k▲ 10.6%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 10% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €218k
Fixed assets
€4k▼ 23.0%
Current assets
€214k▲ 3.2%
Equity and liabilities €218k
Equity
€154k▲ 0.4%
Debt
€64k▲ 7.9%
The debt ratio rises from 27.7% to 29.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€62k▲
2024 · €56k
Cash flow
€51k▲
2024 · €45k
Solvency
70.8%▼
2024 · 72.3%
Current ratio
3.35▼
2024 · 3.51
Quick ratio
3.35▼
2024 · 3.51
Debt / equity
0.41▲
2024 · 0.38
ROE
31.4%▲
2024 · 28.5%
ROA
22.3%▲
2024 · 20.6%
Interest coverage
597.55▲
2024 · 548.91
Debt
€64k▲
2024 · €59k
Debt ≤ 1 year
€64k▲
2024 · €59k
Income taxes
€11k▲
2024 · €10k
Staff costs
€6k▼
2024 · €6k
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€213k€218k▲
Formation expenses20€0€0=
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Furniture and vehicles24€6k€4k▼
Financial fixed assets28€205€205=
Current assets29/58€207k€214k▲
Amounts receivable within one year40/41€51k€43k▼
Trade receivables40€41k€43k▲
Other amounts receivable41€10k€0▼
Cash at bank and in hand54/58€156k€171k▲
Equity and liabilities
Total equity and liabilities10/49€213k€218k▲
Equity10/15€154k€154k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€146k€146k▲
Amounts payable17/49€59k€64k▲
Amounts payable within one year42/48€59k€64k▲
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€19k€21k▲
Taxes450/3€19k€21k▲
Other amounts payable47/48€34k€36k▲
Income statement
Code20242025
Turnover70€128k€128k▲
Goods, raw materials, services and sundry goods60/61€65k€60k▼
Remuneration, social security and pensions62€6k€6k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€384€387▲
Gross operating margin9900€62k€68k▲
Operating profit (loss)9901€54k€60k▲
Financial income75/76B€71€1▼
Recurring financial income75€71€1▼
Financial charges65/66B€102€104▲
Recurring financial charges65€102€104▲
Profit (loss) for the period before taxes9903€54k€60k▲
Income taxes67/77€10k€11k▲
Profit (loss) for the period9904€44k€49k▲
Profit (loss) for the period to be appropriated9905€44k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€189k€194k▲
Profit (loss) brought forward from the previous period14P€145k€146k▲
Profit to be distributed694/7€43k€48k▲
Return on contributions (dividend)694€43k€48k▲
The notes to these accounts (6 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
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
31-03
Financial
Highest result since 2019net €49k ▲10.6%
Operating result €60k, net result €49k, both a record.
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
31-03
Financial
Equity above €150kEq €154k ▲43%
4 profitable years in a row build equity to €154k.
2021
11-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 41 days late
31-03
Financial
Weakest financial yearnet €7k ▼51.2%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity triplescurrent ratio 16.56
Current ratio from 5.97 to 16.56; short-term debt falls from €20k to €7k.
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 34 days late
31-03
Financial
Equity above €100kEq €100k ▲17.1%
2 profitable years in a row build equity to €100k.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 29 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2017
10-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2016
14-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 2010
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.
Schepenenstraat 421050 ElseneGround area
229 m²
Building footprint
99 m²
Volume, LiDAR
1,574 m³
Parcel 21443C0190/00D009, Brussels · tallest building 20.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Greenray
since 20102.198.745.025
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0190/00D009 | Brussels | 229 m² | 1 · 99 m² | 20.3 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,391 companies in sector 73300 we hold annual accounts for 6,881. 5,417 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-2010
Fiscal year end31-03
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.