GREENWATT
InactiveGREENWATT was declared bankrupt (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed by liquidation by judgment of 09-12-2019, published in the Belgian State Gazette on 17-12-2019.
Summary
Inactive; last annual accounts for fiscal year 2015.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2015. Since then, 10 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2016 close31-07-2017 deadline29-09-2026 today
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2015 was due by 31-07-2016 and was filed on 09-09-2016, 40 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2015, full schema
Turnover
€5.0m
EBIT margin
-39.1%
Net result
-€1.6m▲ 18.6%
2014 · -€2.0m
Working capital
-€461,464
2014 · €1.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20112012201320142015
Turnover€5.0m
Operating result-€1.0m--€1.3m▼ 20.6%-€1.8m▼ 39.8%-€2.0m▼ 11.4%-€1.6m▲ 20.3%
Net result-€1.0m--€1.3m▼ 27.0%-€1.8m▼ 40.2%-€2.0m▼ 10.7%-€1.6m▲ 18.6%
EBIT margin-39.1%
Equity-€308,157-€1.5m€3.7m▲ 151%€1.7m▼ 54.9%-€21,521
Total assets€1.5m-€3.2m▲ 117%€5.2m▲ 63.1%€3.8m▼ 26.4%€1.5m▼ 60.5%
Debt€1.8m-€1.7m▼ 2.2%€1.6m▼ 10.0%€2.2m▲ 40.9%€1.5m▼ 29.7%
Working capital-€216,758-€874,978€3.2m▲ 266%€1.0m▼ 67.6%-€461,464
Staff (FTE)5.1-10.2▲ 100%14.7▲ 44.1%9.7▼ 34.0%4.8▼ 50.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.6m in 2015 against €2.0m in 2014; the loss shrinks.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €1.5m
Fixed assets
€644,327 ▼ 26.5%
Current assets
€872,299 ▼ 70.6%
Key figures and ratios
EBITDA
-€1.3m▲
2014 · -€1.6m
Cash flow
-€1.4m▲
2014 · -€1.6m
Solvency
-1.4%▼
2014 · 43.0%
Current ratio
0.65▼
2014 · 1.54
Debt to equity
-9.06▼
2014 · 0.16
ROA
-106.9%▼
2014 · -51.9%
Debt ≤ 1 year
€1.3m▼
2014 · €1.9m
Debt > 1 year
€195,000▼
2014 · €260,625
Income taxes
€82▼
2014 · €1,569
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €5.0m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €197,466 | €328,307 | €334,062 | €361,051 | €263,608 | ▼ 27.0% |
| Gross operating margin9900 | -€618,877 | -€150,215 | -€70,102 | €464,640 | -€513,958 | ▼ 211% |
| Operating profit (loss)9901 | -€1.0m | -€1.3m | -€1.8m | -€2.0m | -€1.6m | ▲ 20.3% |
| Recurring financial income75 | €14,217 | €21,522 | €22,799 | €22,477 | €13,875 | ▼ 38.3% |
| Recurring financial charges65 | €32,045 | €49,201 | €66,694 | €55,607 | €76,409 | ▲ 37.4% |
| Profit (loss) for the period before taxes9903 | -€1.0m | -€1.3m | -€1.8m | -€2.0m | -€1.6m | ▲ 18.6% |
| Income taxes67/77 | - | - | - | €1,569 | €82 | ▼ 94.8% |
| Profit (loss) for the period9904 | -€1.0m | -€1.3m | -€1.8m | -€2.0m | -€1.6m | ▲ 18.6% |
| Profit (loss) for the period to be appropriated9905 | -€1.0m | -€1.3m | -€1.8m | -€2.0m | -€1.6m | ▲ 18.6% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €3.2m | €5.2m | €3.8m | €1.5m | ▼ 60.5% |
| Formation expenses20 | €2,123 | €191,299 | €198,638 | €173,042 | €105,831 | ▼ 38.8% |
| Fixed assets21/28 | €667,153 | €1.1m | €1.0m | €876,071 | €644,327 | ▼ 26.5% |
| Intangible fixed assets21 | €465,616 | €602,709 | €531,961 | €363,696 | €232,961 | ▼ 35.9% |
| Tangible fixed assets22/27 | €124,214 | €125,949 | €127,912 | €102,633 | €68,835 | ▼ 32.9% |
| Financial fixed assets28 | €75,200 | €150,200 | €166,200 | €236,700 | €236,700 | = |
| Current assets29/58 | €803,752 | €2.1m | €4.2m | €3.0m | €872,299 | ▼ 70.6% |
| Amounts receivable within one year40/41 | €722,645 | €1.7m | €2.1m | €2.5m | €743,209 | ▼ 70.2% |
| Cash at bank and in hand54/58 | €80,096 | €439,344 | €2.0m | €450,311 | €117,159 | ▼ 74.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €3.2m | €5.2m | €3.8m | €1.5m | ▼ 60.5% |
| Equity10/15 | -€308,157 | €1.5m | €3.7m | €1.7m | -€21,521 | ▼ 101% |
| Contributions10/11 | €825,176 | €1.3m | €2.3m | €2.3m | €2.3m | = |
| Profit (loss) carried forward14 | -€1.2m | -€2.5m | -€1.8m | -€3.8m | -€5.4m | ▼ 42.7% |
| Provisions and deferred taxes16 | €15,000 | €11,975 | - | - | - | - |
| Amounts payable17/49 | €1.8m | €1.7m | €1.6m | €2.2m | €1.5m | ▼ 29.7% |
| Amounts payable after more than one year17 | €637,153 | €405,157 | €331,875 | €260,625 | €195,000 | ▼ 25.2% |
| Amounts payable within one year42/48 | €1.0m | €1.3m | €988,687 | €1.9m | €1.3m | ▼ 30.8% |
| Trade debts44 | €436,678 | €904,989 | €715,741 | €388,582 | €651,344 | ▲ 67.6% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.0m | -€1.3m | -€1.8m | -€2.0m | -€1.6m | ▲ 18.6% |
| + Depreciation and write-downs630 | €197,466 | €328,307 | €334,062 | €361,051 | €263,608 | ▼ 27.0% |
| Operating cash flow (approximation) | -€813,274 | -€955,147 | -€1.5m | -€1.6m | -€1.4m | ▲ 16.8% |
| Investment in fixed assets (approximation) | - | -€731,312 | -€288,617 | -€212,410 | -€31,864 | ▲ 85.0% |
| Change in cash | - | €359,248 | €1.6m | -€1.6m | -€333,152 | ▲ 79.2% |
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
2019
17-12
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Brabant wallon · event 09-12-2019
2016
09-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 40 days late
2015
10-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-12
Financial
Weakest financial yearnet -€2.0m
Net result drops to -€2.0m, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
31-12
Financial
Liquidity doublescurrent ratio 4.24
Current ratio from 1.70 to 4.24; short-term debt falls from €1.3m to €988,687.
31-12
Financial
Equity above €2mEq €3.7m ▲151%
Equity rises from €1.5m to €3.7m.
24-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
31-12
Financial
Liquidity doublescurrent ratio 1.70
Current ratio from 0.79 to 1.70.
31-12
Financial
Equity above €1mEq €1.5m
Equity rises from -€308,157 to €1.5m.
06-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
26-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 26 days late
Show earlier events
2010
27-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 27 days late
2009
22-06
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
20-08
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 20 days late
2007
13-08
NBB filing
Annual accounts filed
fiscal year 2006 · full schema · 13 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 30 acts read
About the unread acts
We know of 30 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Owners and holdings
1 ownerOwners 1
-
0.3%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.