GREENSPEED
ActiveGREENSPEED has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €2.78M and a net result of €608k. Equity is growing by ~21.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2023
100
/ 100
Excellent▲ +23 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability65▲+17
Solvency98▲+12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days only on tighter terms
Liquidity ample (current ratio 2.4 against 1.78 in 2022), and 40.5% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
59.5%
Return on assets
13%
Age of the figures
32 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
6 d early
2023
9 d early
2022
26 d early
2021
26 d early
2020
18 d early
2019
4 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2023, full schema
Turnover
€10.78M
EBIT margin
8.2%
Net result
€608k▲ 190%
2022 · €210k
2018: €99k
2019: €260k
2020: €484k
2021: €209k
2022: €210k
2018 → 2023
Working capital
€2.62M▲ 33.8%
2022 · €1.96M
2018: €733k
2019: €1.14M
2020: €1.67M
2021: €1.90M
2022: €1.96M
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€10.78M
Equity€1.27M-€1.75M▲ 38.1%€1.96M▲ 11.9%€2.17M▲ 10.7%€2.78M▲ 28.0%
Operating result€431k-€691k▲ 60.2%€275k▼ 60.1%€367k▲ 33.2%€882k▲ 141%
Net result€260k-€484k▲ 85.9%€209k▼ 56.8%€210k▲ 0.3%€608k▲ 190%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 141% above 2022 and is the highest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €4.67M
Fixed assets
€179k▼ 21.4%
Current assets
€4.49M▲ 0.5%
Equity and liabilities €4.67M
Equity
€2.78M▲ 28.0%
Debt
€1.89M▼ 25.1%
The debt ratio falls from 53.8% to 40.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€926k▲
2022 · €394k
Cash flow
€651k▲
2022 · €236k
Solvency
59.5%▲
2022 · 46.2%
Current ratio
2.40▲
2022 · 1.78
Quick ratio
1.64▲
2022 · 0.97
Debt / equity
0.68▼
2022 · 1.16
ROE
21.9%▲
2022 · 9.6%
ROA
13.0%▲
2022 · 4.5%
Interest coverage
37.41▲
2022 · 2.67
Debt
€1.89M▼
2022 · €2.53M
Debt ≤ 1 year
€1.87M▼
2022 · €2.52M
Income taxes
€201k▲
2022 · €94k
Staff costs
€379k▲
2022 · €301k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€4.70M€4.67M▼
Fixed assets21/28€227k€179k▼
Tangible fixed assets22/27€214k€166k▼
Plant, machinery and equipment23€72k€60k▼
Furniture and vehicles24€142k€106k▼
Financial fixed assets28€13k€13k=
Other financial fixed assets284/8-€13k
Amounts receivable and cash guarantees285/8-€13k
Current assets29/58€4.47M€4.49M▲
Stocks and contracts in progress3€2.02M€1.41M▼
Stocks30/36€2.02M€1.41M▼
Goods purchased for resale34-€1.14M
Advance payments36-€267k
Amounts receivable within one year40/41€2.18M€2.15M▼
Trade receivables40€1.86M€2.08M▲
Other amounts receivable41€323k€73k▼
Cash at bank and in hand54/58€244k€927k▲
Deferred charges and accrued income490/1€26k€10k▼
Equity and liabilities
Total equity and liabilities10/49€4.70M€4.67M▼
Equity10/15€2.17M€2.78M▲
Contributions10/11€88k€88k=
Capital10€88k€88k=
Issued capital100€100k€100k=
Uncalled capital101€12k€12k=
Reserves13€528k€528k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€518k€518k=
Profit (loss) carried forward14€1.56M€2.16M▲
Amounts payable17/49€2.53M€1.89M▼
Amounts payable within one year42/48€2.52M€1.87M▼
Trade debts44€1.31M€1.58M▲
Suppliers440/4€1.31M€1.58M▲
Taxes, remuneration and social security45€58k€294k▲
Taxes450/3€14k€239k▲
Remuneration and social security454/9€44k€55k▲
Other amounts payable47/48€1.15M€0▼
Accrued charges and deferred income492/3€11k€17k▲
Income statement
Code20222023
Operating income70/76A-€10.95M
Turnover70-€10.78M
Other operating income74-€155k
Non-recurring operating income76A€12k€10k▼
Operating charges60/66A-€10.07M
Goods for resale, raw materials and consumables60-€7.58M
Purchases600/8-€7.14M
Change in stocks: decrease (increase)609-€437k
Services and other goods61-€2.05M
Remuneration, social security and pensions62€301k€379k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€43k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-7k€3k▲
Other operating charges640/8€9k€7k▼
Non-recurring operating charges66A€427€10k▲
Gross operating margin9900€696k-
Operating profit (loss)9901€367k€882k▲
Financial income75/76B€85k€84k▼
Recurring financial income75€85k€84k▼
Income from current assets751-€0
Other financial income752/9-€84k
Financial charges65/66B€148k€158k▲
Recurring financial charges65€148k€158k▲
Debt charges650-€25k
Other financial charges652/9-€133k
Profit (loss) for the period before taxes9903€304k€809k▲
Income taxes67/77€94k€201k▲
Taxes670/3-€215k
Tax adjustments and reversals of tax provisions77-€14k
Profit (loss) for the period9904€210k€608k▲
Profit (loss) for the period to be appropriated9905€210k€608k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.56M€2.16M▲
Profit (loss) brought forward from the previous period14P€1.35M€1.56M▲
Social balance
Average headcount (FTE)90872.13.8▲
The notes to these accounts (45 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €608k ▲190%
Operating result €882k, net result €608k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.17M ▲10.7%
5 profitable years in a row build equity to €2.17M.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
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
11 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, Brasschaat · 1 establishment unit since 1991
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.
Elisalei 142930 BrasschaatGround area
774 m²
Building footprint
105 m²
Volume, LiDAR
710 m³
Parcel 11323F0040/00P003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XANTEN
since 19912.054.023.795
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0040/00P003indicative | Flanders | 774 m² | 1 · 105 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0438.273.615
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UNITED INNOVATORS
BE 0464.255.856
Tessenderlo-Ham · Eq €2.92M
T & G
BE 0438.849.477
Tongeren-Borgloon · Eq €2.61M
Of 466 companies in sector 46442 we hold annual accounts for 329. 160 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-08-1991
Fiscal year end31-12
Activities, NACEBEL
46442Wholesale trade
72220
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.