NETGREEN
InactiveNETGREEN was declared bankrupt on 28-03-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 20-02-2024, published in the Belgian State Gazette on 29-02-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline21-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 14-12-2021, 136 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
136 d late
2019
220 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Turnover
€1.31M▲ 5.1%
2019 · €1.24M
2018: €921k
2019: €1.24M
2018 → 2020
EBIT margin
-3.8%▼ 3.9pp
2019 · 0.1%
2018: 0.7%
2019: 0.1%
2018 → 2020
Net result
€-107k▼ 182%
2019 · €-38k
2018: €6k
2019: €-38k
2018 → 2020
Working capital
€-88k
2019 · €18k
2018: €56k
2019: €18k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€921k-€1.24M▲ 34.8%€1.31M▲ 5.1%
Equity€59k-€21k▼ 64.5%€-86k
Operating result€6k-€1k▼ 81.4%€-49k
Net result€6k-€-38k€-107k▼ 182%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €49k after €1k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €782k
Fixed assets
€5k▲ 107%
Current assets
€777k▲ 57.9%
Key figures and ratios
EBITDA
€-49k
Cash flow
€-106k
Solvency
-11.0%▼
2019 · 4.2%
Current ratio
0.90▼
2019 · 1.04
Quick ratio
0.90▼
2019 · 1.04
ROA
-13.6%▼
2019 · -7.7%
Debt
€868k▲
2019 · €474k
Debt ≤ 1 year
€865k▲
2019 · €474k
Income taxes
€57k▲
2019 · €38k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€494k€782k▲
Fixed assets21/28€2k€5k▲
Tangible fixed assets22/27-€3k
Financial fixed assets28€2k€2k▼
Current assets29/58€492k€777k▲
Amounts receivable within one year40/41€482k€776k▲
Cash at bank and in hand54/58€10k€805▼
Equity and liabilities
Total equity and liabilities10/49€494k€782k▲
Equity10/15€21k€-86k▼
Contributions10/11€18k€18k=
Profit (loss) carried forward14€3k€-104k▼
Amounts payable17/49€474k€868k▲
Amounts payable within one year42/48€474k€865k▲
Trade debts44€137k€442k▲
Income statement
Code20192020
Turnover70€1.24M€1.31M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€334
Gross operating margin9900€222k€404k▲
Operating profit (loss)9901€1k€-49k▼
Recurring financial income75-€1k
Recurring financial charges65€747€1k▲
Profit (loss) for the period before taxes9903€422€-49k▼
Income taxes67/77€38k€57k▲
Profit (loss) for the period9904€-38k€-107k▼
Profit (loss) for the period to be appropriated9905€-38k€-107k▼
Timeline · acts, filings and financial milestones
2024
29-02
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · NETGREEN SRL RUE BOLLINCKX 15, 1070 ANDERLECHT. déclarée le 28 mars 2022 · event 20-02-2024
2022
04-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · NETGREEN SRL RUE BOLLINCKX 15, 1070 ANDERLECHT · event 28-03-2022
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 136 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 220 days late
2020
31-12
Financial
Weakest financial yearnet €-107k
Net result drops to €-107k, the lowest in the series.
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 160 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2016
06-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 67 days late
14-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 319 days late
14-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 684 days late
14-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 1049 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANICET BAUM AVENUE ARMAND HUYSMANS 212,
1050 BRUXELLES 5 |
28-03-2022 → present |