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GREENSAN

Active
Public limited companyfounded 200026 yrs activeKerkhofstraat 6, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0471.826.806
Summary

GREENSAN has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€722,767) and a net result of -€2,010. Equity remains stable across the filed fiscal years (±1.5% per year). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
GREENSANActiveChecked score 56/100
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
€0total assets 2025
Equity
-€722,767
Loss
-€2,010
Financial health
56 Fair Checked score 2025
Bankruptcy chance 12 m
0.8%
Structure
Parent
Willy Van Calsteren · 99.88%
Accounts filed 53 d late0 of 4 deeds read
Why 56Capped at 59: negative equity- Latest accounts 53 days late; 2 of the last 3 late- No main activity registered+ Founded in 2000+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 57% of its sector peers (no NACE code, without accounts)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -1806916900.0% of total assets
Liquidity 50=
short-term debt 49308375.0% · cash 100.0%
Profitability 0=
return on assets -5025450.0%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 1.7% 12-2024: 1.7%● 0.0% vs 11-2024 01-2025: 1.7%▼ -1.0% vs 12-2024 02-2025: 1.7%● 0.0% vs 01-2025 03-2025: 1.7%▲ +1.4% vs 02-2025 04-2025: 1.8%▲ +5.5% vs 03-2025 05-2025: 1.8%● 0.0% vs 04-2025 06-2025: 1.9%▲ +9.0% vs 05-2025 07-2025: 2.1%▲ +10.5% vs 06-2025 08-2025: 2.7%▲ +27.3% vs 07-2025highest value 09-2025: 0.8%▼ -69.9% vs 08-2025 10-2025: 0.8%● 0.0% vs 09-2025 11-2025: 0.8%● 0.0% vs 10-2025 12-2025: 0.8%● 0.0% vs 11-2025 01-2026: 0.8%▼ -1.1% vs 12-2025lowest value 02-2026: 0.8%● 0.0% vs 01-2026lowest value 03-2026: 0.8%● 0.0% vs 02-2026lowest value 04-2026: 0.8%● 0.0% vs 03-2026lowest value 05-2026: 0.8%▲ +2.6% vs 04-2026 06-2026: 0.9%▲ +9.6% vs 05-2026 07-2026: 1.0%▲ +10.0% vs 06-2026 08-2026: 1.4%▲ +37.9% vs 07-2026 09-2026: 1.5%▲ +8.3% vs 08-2026 10-2026: 0.8%▼ -43.4% vs 09-2026
  • Founded in 2000 lowers the probability for this profile
  • Latest accounts 53 days late; 2 of the last 3 late raises the probability
  • No main activity registered raises the probability
  • Legal form Public limited company lowers the probability
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, without accounts). Better than this share of them on solvency 47%, liquidity 59%, profitability 43%, growth against the median 78%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 2000
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Latest accounts 53 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · No main activity registered
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€722,767
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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 filings
Deviation from the deadline
2025
53 d late
2024
4 d late
2023
49 d late
2022
30 d late
2021
92 d late
2020
23 d early
2019
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 29 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 September (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€722,767 View
  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€2,010 View
  • Controlled by Willy Van Calsteren 99.88% View

By topic

Financials

Fiscal year
2025
Total assets
€0
Loss
-€2,010
Solvency
-1806916900.0%
Total assets▼ 99.6%
Net result
20182025
Go to Financials

Timeline

Events
11
Since
2017
Next accounts
by 31-07-2027
  1. 22-09-2026Annual accounts filed
  2. 04-08-2025Annual accounts filed
  3. 18-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
05-05-2000
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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