RASCO-GREEN
ActiveRASCO-GREEN has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €103k and a net result of €5k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 1692 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
94
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability27▲+10
Solvency100▲+6
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.71 in 2023), and 23% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
91 d late
2022
60 d late
2021
33 d late
2020
60 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€103k▲ 5.7%
2023 · €97k
2018: €80k
2019: €82k
2020: €87k
2021: €91k
2022: €94k
2023: €97k
2018 → 2024
Total assets
€133k▼ 0.3%
2023 · €134k
2018: €118k
2019: €123k
2020: €132k
2021: €127k
2022: €128k
2023: €134k
2018 → 2024
Net result
€5k▲ 65.4%
2023 · €3k
2018: €1k
2019: €2k
2020: €5k
2021: €4k
2022: €3k
2023: €3k
2018 → 2024
Working capital
€34k▲ 35.9%
2023 · €25k
2018: €20k
2019: €24k
2020: €11k
2021: €16k
2022: €19k
2023: €25k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€87k-€91k▲ 4.6%€94k▲ 3.1%€97k▲ 3.5%€103k▲ 5.7%
Operating result€7k-€7k▼ 5.2%€5k▼ 23.7%€5k▼ 9.9%€7k▲ 55.7%
Net result€5k-€4k▼ 19.1%€3k▼ 28.2%€3k▲ 16.2%€5k▲ 65.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 56% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €133k
Fixed assets
€69k▼ 5.1%
Current assets
€64k▲ 5.4%
Equity and liabilities €133k
Equity
€103k▲ 5.7%
Debt
€31k▼ 16.0%
The debt ratio falls from 27.4% to 23.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€12k▲
2023 · €10k
Cash flow
€11k▲
2023 · €8k
Solvency
77.0%▲
2023 · 72.6%
Current ratio
2.16▲
2023 · 1.71
Quick ratio
2.02▲
2023 · 1.60
Debt / equity
0.30▼
2023 · 0.38
ROE
5.3%▲
2023 · 3.4%
ROA
4.1%▲
2023 · 2.5%
Interest coverage
30.91▼
2023 · 37.22
Debt
€31k▼
2023 · €37k
Debt ≤ 1 year
€30k▼
2023 · €35k
Income taxes
€2k▲
2023 · €1k
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€134k€133k▼
Fixed assets21/28€73k€69k▼
Tangible fixed assets22/27€73k€69k▼
Land and buildings22€67k€65k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€683€441▼
Current assets29/58€61k€64k▲
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€55k€60k▲
Trade receivables40€8k€5k▼
Other amounts receivable41€47k€55k▲
Cash at bank and in hand54/58€1k€62▼
Equity and liabilities
Total equity and liabilities10/49€134k€133k▼
Equity10/15€97k€103k▲
Contributions10/11€50k€50k=
Reserves13€15k€15k=
Non-distributable reserves130/1€5k-
Reserves not available under the articles1311€5k-
Tax-exempt reserves132€10k€10k=
Distributable reserves133-€5k
Profit (loss) carried forward14€32k€38k▲
Amounts payable17/49€37k€31k▼
Amounts payable within one year42/48€35k€30k▼
Financial debts43€7k€7k=
Credit institutions430/8€7k€7k=
Trade debts44€21k€16k▼
Suppliers440/4€21k€16k▼
Taxes, remuneration and social security45€251€251=
Taxes450/3€251€251=
Other amounts payable47/48€8k€6k▼
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€14k€16k▲
Operating profit (loss)9901€5k€7k▲
Financial income75/76B€75€546▲
Recurring financial income75€75€546▲
Financial charges65/66B€255€398▲
Recurring financial charges65€255€398▲
Profit (loss) for the period before taxes9903€4k€7k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€3k€5k▲
Profit (loss) for the period to be appropriated9905€3k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€38k▲
Profit (loss) brought forward from the previous period14P€29k€32k▲
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
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 68 days late
2024
31-12
Financial
Highest result since 2018net €5k ▲65.4%
Operating result €7k, net result €5k, both a record.
31-12
Financial
Equity above €100kEq €103k ▲5.7%
7 profitable years in a row build equity to €103k.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 91 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 33 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · 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
4 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, Merelbeke-Melle · 1 establishment unit since 1979
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.
Gentbos 12A9820 Merelbeke-MelleGround area
9,248 m²
Building footprint
9,249 m²
Volume, LiDAR
50,264 m³
Parcel 44010A0030/00L000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RASCO-GREENHOUSE
since 19792.039.743.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44010A0030/00L000 | Flanders | 9,248 m² | 1 · 9,249 m² | 10.0 m · 2 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.
Similar companies · same sector, comparable size
HANSEN JOS & DAVID
BE 0860.481.951
Bilzen-Hoeselt · Eq €101k
Pius Floris Boomverzorging België
BE 0458.736.061
Lummen · Eq €105k
DE WILDE LUC
BE 0477.612.954
Oosterzele · Eq €108k
DORLEY PLANTS & FLOWERS
BE 1003.771.539
Laarne · Eq €96k
VAN PETEGEM L & F
BE 0477.869.114
Merelbeke-Melle · Eq €95k
Of 870 companies in sector 01191 we hold annual accounts for 306. 219 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-1979
Fiscal year end31-12
Activities, NACEBEL
01122
01191Growing of flowers
46220Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 45 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.