Greenson
ActiveGreenson has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €644k and a net result of €18k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 88% of 7719 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-10
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 12.33 against 6.92 in 2024; short-term debt: 3.7% and cash: 32% of total assets), and 19.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
80.6%
Return on assets
2.2%
Age of the figures
15 mo
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
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
8 d early
2023
6 d early
2022
1 d early
2021
42 d early
2020
1 d late
2019
9 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€644k▼ 2.9%
2024 · €663k
2019: €240k
2020: €305k
2021: €411k
2022: €451k
2023: €578k
2024: €663k
2019 → 2025
Total assets
€799k▼ 8.5%
2024 · €874k
2019: €337k
2020: €403k
2021: €505k
2022: €600k
2023: €777k
2024: €874k
2019 → 2025
Net result
€18k▼ 80.7%
2024 · €92k
2019: €37k
2020: €65k
2021: €106k
2022: €52k
2023: €134k
2024: €92k
2019 → 2025
Working capital
€334k▼ 19.4%
2024 · €414k
2019: €156k
2020: €182k
2021: €303k
2022: €253k
2023: €362k
2024: €414k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€411k-€451k▲ 9.7%€578k▲ 28.1%€663k▲ 14.7%€644k▼ 2.9%
Operating result€156k-€78k▼ 50.1%€193k▲ 148%€134k▼ 30.7%€-9k
Net result€106k-€52k▼ 50.9%€134k▲ 157%€92k▼ 31.3%€18k▼ 80.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €134k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €799k
Fixed assets
€436k▲ 11.9%
Current assets
€363k▼ 25.0%
Equity and liabilities €799k
Equity
€644k▼ 2.9%
Debt
€155k▼ 26.2%
The debt ratio falls from 24.1% to 19.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40k▼
2024 · €163k
Cash flow
€67k▼
2024 · €121k
Solvency
80.6%▲
2024 · 75.9%
Current ratio
12.33▲
2024 · 6.92
Quick ratio
10.98▲
2024 · 6.05
Debt / equity
0.24▼
2024 · 0.32
ROE
2.8%▼
2024 · 13.9%
ROA
2.2%▼
2024 · 10.6%
Interest coverage
12.69▼
2024 · 75.33
Debt
€155k▼
2024 · €210k
Debt ≤ 1 year
€29k▼
2024 · €70k
Debt > 1 year
€126k▼
2024 · €140k
Income taxes
€5k▼
2024 · €42k
Staff costs
€33k▼
2024 · €95k
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€874k€799k▼
Fixed assets21/28€390k€436k▲
Tangible fixed assets22/27€389k€436k▲
Land and buildings22€340k€390k▲
Plant, machinery and equipment23€2k€17k▲
Furniture and vehicles24€47k€28k▼
Financial fixed assets28€235€50▼
Current assets29/58€484k€363k▼
Stocks and contracts in progress3€61k€40k▼
Stocks30/36€61k€40k▼
Amounts receivable within one year40/41€67k€68k▲
Trade receivables40€31k€35k▲
Other amounts receivable41€37k€33k▼
Current investments50/53€13k-
Cash at bank and in hand54/58€343k€256k▼
Equity and liabilities
Total equity and liabilities10/49€874k€799k▼
Equity10/15€663k€644k▼
Reserves13€489k€452k▼
Distributable reserves133€489k€452k▼
Profit (loss) carried forward14€174k€192k▲
Amounts payable17/49€210k€155k▼
Amounts payable after more than one year17€140k€126k▼
Financial debts170/4€140k€126k▼
Amounts payable within one year42/48€70k€29k▼
Current portion of amounts payable after more than one year42€15k€15k▼
Trade debts44€11k€10k▼
Suppliers440/4€11k€10k▼
Taxes, remuneration and social security45€44k€4k▼
Taxes450/3€43k€4k▼
Remuneration and social security454/9€436€202▼
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€95k€33k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€49k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€262k€78k▼
Operating profit (loss)9901€134k€-9k▼
Financial income75/76B€3k€35k▲
Recurring financial income75€3k€35k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€135k€23k▼
Income taxes67/77€42k€5k▼
Profit (loss) for the period9904€92k€18k▼
Profit (loss) for the period to be appropriated9905€92k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€274k€192k▼
Profit (loss) brought forward from the previous period14P€182k€174k▼
Transfer from equity791/2-€37k
Transfer to equity691/2€92k-
To other reserves6921€92k-
Profit to be distributed694/7€7k€37k▲
Return on contributions (dividend)694-€37k
Employees696€7k-
Social balance
Average headcount (FTE)90871.40.3▼
The notes to these accounts (9 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
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
30-06
Financial
Weakest financial yearnet €18k ▼80.7%
Net result drops to €18k, the lowest in the series.
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €134k ▲157%
Operating result €193k, net result €134k, both a record.
30-06
Financial
Equity above €500kEq €578k ▲28.1%
5 profitable years in a row build equity to €578k.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
22-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Merelbeke-Melle · 2 establishment units since 2009
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.
Hof ter Eeken 39090 Merelbeke-MelleGround area
1,282 m²
Building footprint
324 m²
Volume, LiDAR
909 m³
2 parcels, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Greenson
since 20092.182.768.927
Greenson
since 20112.313.540.763
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35302C0223/00Z021 | Flanders | 798 m² | 1 · 229 m² | 6.5 m · 1 fl. |
| 44040B0230/00G002 | Flanders | 484 m² | 1 · 95 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,536 companies in sector 43990 we hold annual accounts for 7,421. 4,071 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-11-2009
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.greenson.be
E-mail:info@greenson.be