GREENSTONE
ActiveSummary
The computed 12-month bankruptcy probability of GREENSTONE is 1.9% (moderate). The 2024 annual accounts show negative equity (-€29,220) and a net result of -€34,304. Equity is shrinking by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 6% of 15872 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,940 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €108 | - | - | - | €1,338 | - |
| Other operating charges640/8 | - | €1,344 | €834 | €1,008 | €279 | ▼ 72.3% |
| Gross operating margin9900 | €30,455 | €19,953 | -€6,543 | €3,645 | €13,940 | ▲ 282% |
| Operating profit (loss)9901 | €20,847 | €18,609 | -€7,377 | €2,637 | €12,323 | ▲ 367% |
| Financial income75/76B | - | - | €20 | - | - | - |
| Recurring financial income75 | €5 | - | €20 | - | - | - |
| Financial charges65/66B | - | €3,961 | €2,660 | €3,237 | €43,578 | ▲ 1,246% |
| Recurring financial charges65 | €4,985 | €3,961 | €2,660 | €3,237 | €43,578 | ▲ 1,246% |
| Profit (loss) for the period before taxes9903 | €15,867 | €14,648 | -€10,016 | -€600 | -€31,255 | ▼ 5,107% |
| Income taxes67/77 | €3,046 | €4,585 | - | €433 | €3,049 | ▲ 604% |
| Profit (loss) for the period9904 | €12,821 | €10,063 | -€10,016 | -€1,033 | -€34,304 | ▼ 3,219% |
| Profit (loss) for the period to be appropriated9905 | €12,821 | €10,063 | -€10,016 | -€1,033 | -€34,304 | ▼ 3,219% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,120 | €74,103 | €73,547 | €80,403 | €14,175 | ▼ 82.4% |
| Fixed assets21/28 | €454 | €150 | €150 | €150 | €4,456 | ▲ 2,871% |
| Tangible fixed assets22/27 | - | - | - | - | €4,306 | - |
| Furniture and vehicles24 | - | - | - | - | €4,306 | - |
| Financial fixed assets28 | €454 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €111,666 | €73,953 | €73,397 | €80,253 | €9,719 | ▼ 87.9% |
| Amounts receivable after more than one year29 | - | €44,309 | €40,889 | €40,889 | - | - |
| Other amounts receivable291 | - | €44,309 | €40,889 | €40,889 | - | - |
| Amounts receivable within one year40/41 | €59,243 | €28,191 | €26,973 | €35,111 | €8,036 | ▼ 77.1% |
| Trade receivables40 | - | €27,576 | €26,857 | €33,632 | €8,036 | ▼ 76.1% |
| Other amounts receivable41 | - | €615 | €115 | €1,479 | - | - |
| Cash at bank and in hand54/58 | €1,734 | €1,453 | €5,536 | €3,234 | €1,104 | ▼ 65.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,020 | €579 | ▼ 43.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,120 | €74,103 | €73,547 | €80,403 | €14,175 | ▼ 82.4% |
| Equity10/15 | €6,070 | €16,134 | €6,118 | €5,084 | -€29,220 | ▼ 675% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,003 | €1,003 | €1,003 | €1,003 | €1,003 | = |
| Non-distributable reserves130/1 | - | €1,003 | €1,003 | €1,003 | €1,003 | = |
| Reserves not available under the articles1311 | - | €1,003 | €1,003 | €1,003 | €1,003 | = |
| Profit (loss) carried forward14 | -€13,533 | -€3,469 | -€13,485 | -€14,519 | -€48,823 | ▼ 236% |
| Amounts payable17/49 | €106,050 | €57,969 | €67,430 | €75,319 | €43,395 | ▼ 42.4% |
| Amounts payable after more than one year17 | €2,741 | €171 | - | - | - | - |
| Other amounts payable178/9 | - | €171 | - | - | - | - |
| Amounts payable within one year42/48 | €103,309 | €57,798 | €67,430 | €75,319 | €43,395 | ▼ 42.4% |
| Current portion of amounts payable after more than one year42 | - | €2,571 | - | - | - | - |
| Financial debts43 | - | €16,100 | €26,933 | €24,500 | €23,700 | ▼ 3.3% |
| Credit institutions430/8 | - | €16,100 | €26,933 | €24,500 | €23,700 | ▼ 3.3% |
| Trade debts44 | €26,216 | €17,879 | €24,961 | €50,602 | €14,666 | ▼ 71.0% |
| Suppliers440/4 | - | €17,879 | €24,961 | €50,602 | €14,666 | ▼ 71.0% |
| Taxes, remuneration and social security45 | - | €21,249 | €15,536 | €217 | €4,873 | ▲ 2,148% |
| Taxes450/3 | - | €21,249 | €15,536 | €217 | €4,873 | ▲ 2,148% |
| Other amounts payable47/48 | - | - | - | - | €156 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,821 | €10,063 | -€10,016 | -€1,033 | -€34,304 | ▼ 3,219% |
| + Depreciation and write-downs630 | €108 | - | - | - | €1,338 | - |
| Operating cash flow (approximation) | €12,929 | €10,063 | -€10,016 | -€1,033 | -€32,966 | ▼ 3,090% |
| Investment in fixed assets (approximation) | - | €304 | €0 | €0 | -€5,644 | - |
| Change in cash | - | -€281 | €4,083 | -€2,302 | -€2,130 | ▲ 7.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57060A0261/00N000 | Wallonia | 577 m² | 1 · 138 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
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Register as of 28 September 2026 · Peppol Directory
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