Greenyard Fresh

Active

Public limited companyfounded 201214 yrs activeStrijbroek 10, 2860 Sint-Katelijne-Waver, BelgiumKBO/BCE: BE 0847.600.648

Greenyard Fresh has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-26.79M) and a net result of €-24.37M. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024

20 / 100

Critical▲ +18 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability67▲+34

Solvency43▲+1

Growth27▼-18

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.92 against 0.9 in 2023), and equity is negative.

How do we compute the score and the probability?

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

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

-2.4%

Return on assets

-2.2%

Age of the figures

29 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-09-2025, 37 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

37 d early

2024

16 d early

2023

19 d early

2022

21 d late

2021

47 d early

2020

53 d early

2019

49 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close12-09-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€12.04M▼ 49.6%

2023 · €23.89M

2019: €15.76M 2020: €20.33M 2021: €22.64M 2022: €19.97M 2023: €23.89M

2019 → 2024

EBIT margin

25.1%▲ 68.2pp

2023 · -43.0%

2019: 0.7% 2020: 0.3% 2021: 0.2% 2022: -54.8% 2023: -43.0%

2019 → 2024

Net result

€-24.37M▼ 132%

2023 · €-10.52M

2019: €-9.25M 2020: €-5.27M 2021: €9.84M 2022: €-3.46M 2023: €-10.52M

2019 → 2024

Working capital

€-45.90M▲ 24.8%

2023 · €-61.01M

2019: €203.43M 2020: €780.57M 2021: €531.39M 2022: €490.77M 2023: €-61.01M

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€20.33M-€22.64M▲ 11.4%€19.97M▼ 11.8%€23.89M▲ 19.7%€12.04M▼ 49.6%

Equity€1.71M-€11.55M▲ 576%€8.09M▼ 29.9%€-2.43M€-26.79M▼ 1,005%

Operating result€61k-€53k▼ 13.3%€-10.93M€-10.28M▲ 5.9%€3.02M

Net result€-5.27M-€9.84M€-3.46M€-10.52M▼ 204%€-24.37M▼ 132%

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €3.02M after a loss of €10.28M in 2023, the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.10B

49.4%

50.6%

Fixed assets €541.53M▼ 1.5%

Current assets €553.75M▼ 2.7%

Key figures and ratios

2024 value · change against 2023

EBITDA

€5.53M▲

2023 · €-8.15M

Cash flow

€-21.86M▼

2023 · €-8.38M

Solvency

-2.4%▼

2023 · -0.2%

Current ratio

0.92▲

2023 · 0.90

Quick ratio

0.92▲

2023 · 0.90

Debt / equity

-42.04

ROE

90.9%▼

2023 · 433.6%

ROA

-2.2%▼

2023 · -0.9%

Interest coverage

0.09▲

2023 · -0.21

Debt

€1.13B▲

2023 · €1.13B

Debt ≤ 1 year

€599.65M▼

2023 · €630.36M

Debt > 1 year

€525.21M▲

2023 · €494.22M

Income taxes

€-73k▲

2023 · €-428k

Staff costs

€4.58M▼

2023 · €4.77M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.12B€1.10B▼

Formation expenses20€4.33M€4.18M▼

Fixed assets21/28€549.53M€541.53M▼

Intangible fixed assets21€4.90M€4.23M▼

Tangible fixed assets22/27€1.08M€1.37M▲

Plant, machinery and equipment23€919k€1.22M▲

Furniture and vehicles24€20k€7k▼

Assets under construction and advance payments27€138k€148k▲

Financial fixed assets28€543.55M€535.92M▼

Affiliated companies280/1€543.55M€535.92M▼

Participating interests280€543.55M€535.75M▼

Amounts receivable281€6k€175k▲

Current assets29/58€569.35M€553.75M▼

Amounts receivable after more than one year29€285.70M€302.46M▲

Other amounts receivable291€285.70M€302.46M▲

Amounts receivable within one year40/41€3.95M€6.27M▲

Trade receivables40€3.17M€2.71M▼

Other amounts receivable41€785k€3.56M▲

Current investments50/53€50k€50k=

Other investments51/53€50k€50k=

Cash at bank and in hand54/58€262.17M€244.46M▼

Deferred charges and accrued income490/1€17.48M€500k▼

Equity and liabilities

Total equity and liabilities10/49€1.12B€1.10B▼

Equity10/15€-2.43M€-26.79M▼

Contributions10/11€9.40M€9.40M=

Capital10€9.40M€9.40M=

Issued capital100€9.40M€9.40M=

Reserves13€945k€945k=

Non-distributable reserves130/1€945k€945k=

Legal reserve130€945k€945k=

Profit (loss) carried forward14€-12.77M€-37.14M▼

Amounts payable17/49€1.13B€1.13B▲

Amounts payable after more than one year17€494.22M€525.21M▲

Financial debts170/4€492.67M€525.21M▲

Credit institutions173€272.50M€219.50M▼

Other loans174€220.17M€305.71M▲

Trade debts175€1.55M€0▼

Suppliers1750€1.55M€0▼

Amounts payable within one year42/48€630.36M€599.65M▼

Current portion of amounts payable after more than one year42€25.00M€25.00M=

Trade debts44€4.45M€3.95M▼

Suppliers440/4€4.45M€3.95M▼

Taxes, remuneration and social security45€1.64M€909k▼

Taxes450/3€768k€31k▼

Remuneration and social security454/9€875k€878k▲

Other amounts payable47/48€599.27M€569.79M▼

Accrued charges and deferred income492/3€1.06M€1.39M▲

Income statement Code20232024

Operating income70/76A€31.48M€20.10M▼

Turnover70€23.89M€12.04M▼

Change in stocks of work in progress, finished goods and contracts in progress71€0€0=

Own construction capitalised72€31k€154k▲

Other operating income74€5.01M€4.92M▼

Non-recurring operating income76A€2.55M€2.99M▲

Operating charges60/66A€41.77M€17.08M▼

Services and other goods61€22.45M€9.53M▼

Remuneration, social security and pensions62€4.77M€4.58M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.13M€2.51M▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12.20M-

Other operating charges640/8€211k€467k▲

Operating profit (loss)9901€-10.28M€3.02M▲

Financial income75/76B€38.28M€67.37M▲

Recurring financial income75€38.28M€67.37M▲

Income from financial fixed assets750€725€24.11M▲

Income from current assets751€34.60M€41.30M▲

Other financial income752/9€3.68M€1.96M▼

Financial charges65/66B€38.94M€94.84M▲

Recurring financial charges65€38.94M€87.04M▲

Debt charges650€38.47M€64.19M▲

Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€-9.31M

Other financial charges652/9€471k€32.16M▲

Non-recurring financial charges66B-€7.80M

Profit (loss) for the period before taxes9903€-10.94M€-24.44M▼

Income taxes67/77€-428k€-73k▲

Taxes670/3€188k€9k▼

Tax adjustments and reversals of tax provisions77€616k€82k▼

Profit (loss) for the period9904€-10.52M€-24.37M▼

Profit (loss) for the period to be appropriated9905€-10.52M€-24.37M▼

Appropriation of the result

Profit (loss) to be appropriated9906€-12.77M€-37.14M▼

Profit (loss) brought forward from the previous period14P€-2.25M€-12.77M▼

Social balance

Average headcount (FTE)908745.042.9▼

The notes to these accounts (97 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-10-2026

2025

24-09

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2024

15-10

NBB filing Annual accounts filed

fiscal year 2024 · full schema

31-03

Financial Weakest financial yearnet €-24.37M

Net result drops to €-24.37M, the lowest in the series.

2023

12-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2022

21-11

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 21 days late

2021

14-09

NBB filing Annual accounts filed

fiscal year 2021 · full schema

31-03

Financial Back to profitnet €9.84M

Net result €9.84M after 2 loss-making years.

31-03

Financial Equity above €10MEq €11.55M ▲576%

Equity rises from €1.71M to €11.55M.

2020

08-09

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2019

12-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2018

12-09

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2017

04-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2016

16-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

23 directors, no change since 2025

Hein Deprez

Director · since 03-03-2025

Current

Wim Oversteyns

Director · since 06-11-2024

Current

Alvear International BV

Director · since 06-03-2023 · Legal entity

Current

Charles-Henri Deprez

Director · since 06-11-2019

Current

Tim Van Londersele

Management · since 14-08-2020

Not recently confirmed

Veerle Deprez

Management · since 14-08-2020

Not recently confirmed

+ 9 not shown in this overview

03-03-2025 Hein Deprez: Appointed as Director

06-11-2024 Wim Oversteyns: Appointed as Director

06-03-2023 Alvear International BV: Appointed as Director

25-10-2022 Charles-Henri Deprez: Appointed as Director

14-08-2020 Tim Van Londersele: Appointed as Management

14-08-2020 Veerle Deprez: Appointed as Management

09-03-2020 Fran Ooms: Appointed as Director

09-03-2020 Katrien Vermeulen: Appointed as Director

09-03-2020 Eric Provoost: Resigned as Director

06-11-2019 Charles-Henri Deprez: Appointed as Director

06-11-2019 Tim Van Londersele: Resigned as Director

06-11-2019 Alvear International BVBA: Appointed as Bestuurder b

16-07-2019 Deprez Invest NV: Appointed as Director

16-07-2019 Eric Provoost: Appointed as Bestuurder b

16-07-2019 Karl Peeters: Resigned as Director

22-11-2017 VLT Consulting: Appointed as Director

22-11-2017 Mavac: Resigned as Director

18-10-2016 PDN BVBA: Appointed as Director

18-10-2016 Koen Sticker BVBA: Resigned as Director

15-09-2016 Argalix BVBA: Resigned as Director

01-12-2015 Deprez Invest: Appointed as Bestuurder a

01-12-2015 Management Deprez: Appointed as Bestuurder a

01-12-2015 Sticker Consulting: Appointed as Bestuurder b

01-12-2015 Mavac: Appointed as Bestuurder a

+ 8 not shown in this overview

Location & real-estate footprint

Registered office, Sint-Katelijne-Waver · 1 establishment unit since 2012

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.

Strijbroek 102860 Sint-Katelijne-Waver

Ground area

4,109 m²

Building footprint

443 m²

Volume, LiDAR

6,917 m³

Parcel 12422D0287/00E000, Flanders · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Greenyard Fresh

Strijbroek 10, 2860 Sint-Katelijne-WaverHoldings

since 20122.211.394.221

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12422D0287/00E000	Flanders	4,109 m²	1 · 443 m²	19.6 m · 5 fl.

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.

Statutory auditor

7 auditors

KPMG Bedrijfsrevisoren BVCurrent

Statutory auditor

18-10-2023 → present

Show 6 earlier auditors

Charlotte Vanrobaeys Statutory auditor succeeded by Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA in 2019	07-12-2017 → 16-07-2019
Deloitte Bedrijfsrevisoren Statutory auditor succeeded by Charlotte Vanrobaeys in 2017	01-12-2015 → 07-12-2017
Deloitte Bedrijfsrevisoren BV Statutory auditor	22-03-2022 → 18-10-2023
Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA Statutory auditor succeeded by KPMG Bedrijfsrevisoren BV in 2023	16-07-2019 → 18-10-2023
Ernst & Young Bedrijfsrevisoren Statutory auditor	- → 01-12-2015
Kurt Dehoorne Statutory auditor succeeded by KPMG Bedrijfsrevisoren BV in 2023	14-08-2020 → 18-10-2023