Groenfactor
Groenfactor has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126k and a net result of €36k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 4264 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
| Equity | €126k |
| Net result | €36k |
| Staff (FTE) | 5.6 |
| Better than sector | 66% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 56.3% | 41.2% | |
| Net result | €36k | €9k | |
| Equity | €126k | €47k | |
| Gross operating margin | €415k | €47k | |
| Staff costs | €272k | €47k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €140k | €124k | €93k | €123k | €116k |
| Net profit | €36k | €56k | €37k | €44k | €35k |
| Cash flow | €93k | €111k | €81k | €114k | €108k |
| Staff costs | €272k | €245k | €224k | €264k | €218k |
| Income taxes | €12k | €15k | €11k | €6k | €4k |
| Dividends | €65k | €48k | - | €0 | €122k |
| Total assets | €224k | €335k | €383k | €416k | €415k |
| Equity | €126k | €155k | €147k | €110k | €66k |
| Debt | €98k | €180k | €237k | €306k | €349k |
| of which ≤ 1y | €54k | €118k | €154k | €128k | €175k |
| of which > 1y | €29k | €42k | €81k | €134k | €157k |
| Working capital | €75k | €70k | €111k | €126k | €112k |
| Employees (FTE) | 5.6 | 5.6 | 5.4 | 6.5 | 5.9 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.39 | 1.59 | 1.72 | 1.99 | 1.64 |
| Quick ratio | 2.39 | 1.59 | 1.72 | 1.99 | 1.64 |
| Working capital ratio | 33.5% | 20.9% | 28.9% | 30.2% | 26.9% |
| Solvency | 56.3% | 46.3% | 38.3% | 26.4% | 15.8% |
| Debt / equity | 0.78 | 1.16 | 1.61 | 2.79 | 5.32 |
| Long-term debt ratio | 0.23 | 0.27 | 0.55 | 1.22 | 2.38 |
| Interest coverage | 3.68 | 62.55 | 29.79 | 32.10 | 28.94 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 16.0% | 16.8% | 9.6% | 10.6% | 8.3% |
| ROE | 28.5% | 36.3% | 25.2% | 40.3% | 52.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €224k | €335k | €383k | €416k | €415k |
| Fixed assets | 21/28 | €95k | €147k | €119k | €163k | €128k |
| Tangible fixed assets | 22/27 | €95k | €147k | €119k | €162k | €128k |
| Financial fixed assets | 28 | €135 | €135 | €135 | €135 | €135 |
| Current assets | 29/58 | €129k | €188k | €264k | €253k | €287k |
| Amounts receivable within one year | 40/41 | €25k | €14k | €67k | €6k | €6k |
| Investments | 50/53 | €0 | €50k | - | - | - |
| Cash & bank | 54/58 | €90k | €111k | €182k | €232k | €213k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €224k | €335k | €383k | €416k | €415k |
| Equity | 10/15 | €126k | €155k | €147k | €110k | €66k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €107k | €137k | €128k | €91k | €47k |
| Accumulated profits (losses) | 14 | €0 | €0 | - | €0 | €0 |
| Amounts payable | 17/49 | €98k | €180k | €237k | €306k | €349k |
| Amounts payable after one year | 17 | €29k | €42k | €81k | €134k | €157k |
| Amounts payable within one year | 42/48 | €54k | €118k | €154k | €128k | €175k |
| Trade debts payable within one year | 44 | €17k | €20k | €11k | €4k | €45k |
| Income statement | ||||||
| Gross operating margin | 9900 | €415k | €371k | €321k | €388k | €335k |
| Operating result | 9901 | €84k | €70k | €49k | €53k | €42k |
| Financial income | 75 | €2k | €4k | €2k | €1k | €734 |
| Financial charges | 65 | €38k | €2k | €3k | €4k | €4k |
| Result before taxes | 9903 | €48k | €72k | €48k | €50k | €39k |
| Income taxes | 67/77 | €12k | €15k | €11k | €6k | €4k |
| Net result for the period | 9904 | €36k | €56k | €37k | €44k | €35k |
| Result to be appropriated | 9905 | €36k | €56k | €37k | €44k | €35k |
| NACE primary | Landscape service activities(81300) |
| Legal form | Private limited company(610) |
| Incorporation | 15-03-2017 |
| Status | Active |
| Postal code | 2531 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11047B0108/00Y000 | Flanders | 287 m² | 1 · 103 m² | 10.6 m · 2 fl. |
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
08-06-2023 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Stephane Van Roosbroeck",
"firm_city": null,
"firm_name": null,
"office_city": "Boechout",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-06-08",
"filing_date": "2023-06-06",
"act_kind_objet": "STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN), WIJZIGING RECHTSVORM, ONTSLAGEN, BENOEMINGEN, DIVERSEN"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-06-02",
"unanimous": null
},
"agm_change": {
"new_schedule": null,
"old_schedule": "zeventiende van de maand mei, om tien uur",
"effective_from_year": null,
"rule_changes_summary": null
},
"detected_kind": "statutes_change",
"other_address": null,
"mandate_renewal": {
"period_end": null,
"mandate_kind": "zakvoerder",
"period_start": null,
"remuneration_eur": null,
"remuneration_kind": "gratuit",
"person_or_entity_kbo": null,
"person_or_entity_name": "Pieter Neven, Lien Nuyens"
},
"subject_company": {
"kbo": "0672.723.704",
"name_full": "Groenfactor",
"legal_form": "BV"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [
"afschrift proces-verbaal",
"geco\u00F6rdineerde statuten"
],
"fiscal_year_change": {
"new_end_mm_dd": "31",
"old_end_mm_dd": "31",
"new_start_mm_dd": "01",
"old_start_mm_dd": "01",
"first_full_new_year": null,
"transition_period_end": null
},
"liquidation_closure": null,
"officer_designation": {
"role": "bestuurder",
"organ": "raad_van_bestuur",
"person_name": "Pieter Neven, Lien Nuyens"
},
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}| Legal nameNL | Groenfactor |