GREENTILE
ActiveGREENTILE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.07M and a net result of €663k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 77% of 268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
93
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+1
Solvency86▲+3
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.39 in 2024), and 40.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← 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
59.2%
Return on assets
18.9%
Age of the figures
8 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
18 d late
2023
13 d early
2022
30 d late
2021
44 d early
2020
27 d late
2019
14 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 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€663k▲ 39.5%
2024 · €476k
2018: €789k
2019: €697k
2020: €624k
2021: €846k
2022: €1.33M
2023: €789k
2024: €476k
2018 → 2025
Working capital
€610k▼ 12.1%
2024 · €693k
2018: €1.58M
2019: €1.75M
2020: €1.78M
2021: €1.82M
2022: €2.16M
2023: €1.32M
2024: €693k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.24M-€3.51M▲ 8.5%€2.93M▼ 16.5%€2.41M▼ 17.9%€2.07M▼ 14.0%
Operating result€1.24M-€1.87M▲ 50.7%€1.16M▼ 37.8%€716k▼ 38.3%€910k▲ 27.0%
Net result€846k-€1.33M▲ 57.0%€789k▼ 40.5%€476k▼ 39.8%€663k▲ 39.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 27% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.50M
Fixed assets
€1.46M▼ 29.3%
Current assets
€2.04M▼ 16.8%
Equity and liabilities €3.50M
Equity
€2.07M▼ 14.0%
Debt
€1.43M▼ 32.2%
The debt ratio falls from 46.7% to 40.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€1.51M▲
2024 · €1.32M
Cash flow
€1.27M▲
2024 · €1.08M
Solvency
59.2%▲
2024 · 53.3%
Current ratio
1.43▲
2024 · 1.39
Quick ratio
1.43▲
2024 · 1.39
Debt / equity
0.69▼
2024 · 0.88
ROE
32.0%▲
2024 · 19.8%
ROA
18.9%▲
2024 · 10.5%
Interest coverage
40.98▲
2024 · 14.36
Debt
€1.43M▼
2024 · €2.11M
Debt ≤ 1 year
€1.43M▼
2024 · €1.76M
Debt > 1 year
€0▼
2024 · €352k
Income taxes
€221k▲
2024 · €159k
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€4.52M€3.50M▼
Fixed assets21/28€2.07M€1.46M▼
Tangible fixed assets22/27€2.07M€1.46M▼
Plant, machinery and equipment23€2.07M€1.46M▼
Current assets29/58€2.45M€2.04M▼
Amounts receivable within one year40/41€257k€210k▼
Trade receivables40€56k€122k▲
Other amounts receivable41€201k€88k▼
Cash at bank and in hand54/58€1.81M€1.44M▼
Deferred charges and accrued income490/1€384k€389k▲
Equity and liabilities
Total equity and liabilities10/49€4.52M€3.50M▼
Equity10/15€2.41M€2.07M▼
Contributions10/11€519k€519k=
Capital10€519k€519k=
Issued capital100€519k€519k=
Reserves13€1.89M€1.55M▼
Non-distributable reserves130/1€52k€52k=
Legal reserve130€52k€52k=
Distributable reserves133€1.84M€1.50M▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.11M€1.43M▼
Amounts payable after more than one year17€352k€0▼
Financial debts170/4€352k€0▼
Amounts payable within one year42/48€1.76M€1.43M▼
Current portion of amounts payable after more than one year42€703k€352k▼
Trade debts44€47k€67k▲
Suppliers440/4€47k€67k▲
Taxes, remuneration and social security45€8k€12k▲
Taxes450/3€8k€12k▲
Other amounts payable47/48€1.00M€1.00M=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€605k€605k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€1k€1k▲
Gross operating margin9900€1.32M€1.52M▲
Operating profit (loss)9901€716k€910k▲
Financial income75/76B€10k€12k▲
Recurring financial income75€10k€12k▲
Financial charges65/66B€92k€37k▼
Recurring financial charges65€92k€37k▼
Profit (loss) for the period before taxes9903€634k€884k▲
Income taxes67/77€159k€221k▲
Profit (loss) for the period9904€476k€663k▲
Profit (loss) for the period to be appropriated9905€476k€663k▲
Appropriation of the result
Profit (loss) to be appropriated9906€707k€663k▼
Profit (loss) brought forward from the previous period14P€231k€0▼
Transfer from equity791/2€293k€337k▲
Profit to be distributed694/7€1.00M€1.00M=
Return on contributions (dividend)694€1.00M€1.00M=
Social balance
Average headcount (FTE)90870.00.0=
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
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €476k ▼39.8%
Net result drops to €476k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €1.33M ▲57%
Operating result €1.87M, net result €1.33M, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Kortrijk · 1 establishment unit 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.
Beneluxpark(Kor) 268500 KortrijkGround area
1.1 ha
Building footprint
3,566 m²
Parcel 34354D0456/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Greentile
since 20092.184.220.858
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0456/00A000 | Flanders | 1.1 ha | 1 · 3,566 m² | 0.0 m |
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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7C GROENI
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BLOEMEN DENS
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Of 816 companies in sector 35110 we hold annual accounts for 632. 398 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-12-2009
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 16 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.