Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Regreen is 0.6% (low). The 2025 annual accounts show equity of €803k and a net result of €-179k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 528 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.6%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-03-2026, 122 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 31-03-2026 | 122 d early | 2026-00074916 |
| 31-12-2024 | 31-07-2025 | 10-04-2025 | 112 d early | 2025-00068377 |
| 31-12-2023 | 31-07-2024 | 11-04-2024 | 111 d early | 2024-00064276 |
| 31-12-2022 | 31-07-2023 | 28-04-2023 | 94 d early | 2023-00078754 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-179k+45.3%
Working capital€-3.21M+32.2%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 31-03-2026 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~5.5%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 15.3% | 16.2% | |
| Net result | €-179k | €6k | |
| Equity | €803k | €152k | |
| Gross operating margin | €511k | €78k | |
| Total assets | €5.27M | €1.34M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P49
Improving position over 2022-2025
· n=528-1697
P9
Stable position over 2022-2025
· n=528-1693
P73
Improving position over 2022-2025
· n=528-1697
P82
Improving position over 2022-2025
· n=527-1694
Describes the position versus peers, not a forecast.
€319k
-
22-25
€-179k
+45.3%
22-25
€65k
-
22-25
€5.27M
+4.5%
22-25
€803k
-
22-25
€-3.21M
+32.2%
22-25
€4.46M
-19.7%
22-25
€3.64M
-25.1%
22-25
€625k
0.0%
22-25
0.12
+334.0%
22-25
0.12
+334.0%
22-25
15.3%
-
22-25
5.56
-
22-25
-22.2%
-
22-25
-3.4%
+47.7%
22-25
1.26
-
22-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €319k |
| Net profit | €-179k |
| Cash flow | €65k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €5.27M |
| Equity | €803k |
| Debt | €4.46M |
| of which ≤ 1y | €3.64M |
| of which > 1y | €625k |
| Working capital | €-3.21M |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.12 |
| Quick ratio | 0.12 |
| Working capital ratio | -60.9% |
| Solvency | 15.3% |
| Debt / equity | 5.56 |
| Long-term debt ratio | 0.78 |
| Interest coverage | 1.26 |
| Gross margin | - |
| Net margin | - |
| ROA | -3.4% |
| ROE | -22.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.27M |
| Fixed assets | 21/28 | €4.83M |
| Tangible fixed assets | 22/27 | €4.83M |
| Current assets | 29/58 | €437k |
| Amounts receivable within one year | 40/41 | €427k |
| Cash & bank | 54/58 | €3k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.27M |
| Equity | 10/15 | €803k |
| Contributions / capital | 10/11 | €1.63M |
| Accumulated profits (losses) | 14 | €-822k |
| Amounts payable | 17/49 | €4.46M |
| Amounts payable after one year | 17 | €625k |
| Amounts payable within one year | 42/48 | €3.64M |
| Trade debts payable within one year | 44 | €106k |
| Income statement | ||
| Gross operating margin | 9900 | €511k |
| Operating result | 9901 | €75k |
| Financial income | 75 | €5 |
| Financial charges | 65 | €254k |
| Result before taxes | 9903 | €-179k |
| Net result for the period | 9904 | €-179k |
| Result to be appropriated | 9905 | €-179k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed13
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
7 directorsCurrent directors & mandates
-
Current01-01-2026 → present
-
Elyra BVLegal entityDirector· perm. rep.: Rura Vander EecktState Gazette act 23060782 (08-05-2023)Current01-04-2023 → present
-
Current01-04-2023 → present
-
Xoom BVLegal entityDirector· perm. rep.: Kara De SmetState Gazette act 23060782 (08-05-2023)Current01-04-2023 → present
-
Archivan BVLegal entityDirector· perm. rep.: Koenraad Van NieuwenburgState Gazette act 23060782 (08-05-2023)Current30-07-2021 → present
2 events
- 01-04-2023 Appointed· Director
- 30-07-2021 Appointed· Managing director
Former directors (2)
-
Snowdonia NVLegal entityDirector· perm. rep.: Jan De NysState Gazette act 23060782 (08-05-2023)Former01-04-2023 → 01-01-2026
2 events
- 01-01-2026 Resigned· Director
- 01-04-2023 Appointed· Director
-
Koen Nevens BVLegal entityDirector· perm. rep.: Koen NevensState Gazette act 25095907 (28-07-2025)Former- → 30-06-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
2 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| BV PwC BedrijfsrevisorenCurrent Statutory auditor · represented by Jeroen Bockaert |
- | 01-07-2021 → present |
| Peter Ringoot Statutory auditor |
- | - → 01-07-2021 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Ontwikkeling van niet-residentiële bouwprojecten(68122) |
| Legal form | Public limited company(014) |
| Incorporation | 23-04-2021 |
| Status | Active |
| Postal code | 1740 |
Structure & network
Connections & network
9 connected companiesGroup structure
Sits on the board · 4 subsidiaries · 1 location
Control→
Sits on the board · 7 subsidiaries · 1 location
Control→
Network connections
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
2 partiesControl over this companysits on this company's board2
7 subsidiaries · 1 location
4 subsidiaries · 1 location
controls
RegreenBE 0767.459.347
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Industrielaan 61740 TernatEstablishment units
1 locationRegreen
since 20212.319.010.177
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,777 m²
Buildings1
Building footprint595 m²
Volume (LiDAR)2,694 m³
Tallest building6.6 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086B0338/00X000 | Flanders | 1,777 m² | 1 · 595 m² | 6.6 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
8 acts All acts · 8
updated 7 months ago
2025
30-12-2025 1 director appointed, 1 resigning
18-11-2025 Articles of association amended
Summary:
v3.2
28-07-2025 Koen Nevens resigns as director
24-04-2025 Jeroen Bockaert reappointed as statutory auditor
2024
01-07-2024 Jeroen Bockaert reappointed as statutory auditor
2023
08-05-2023 5 directors appointed
- Koen Nevers, Bestuurder
- Jan De Nys, Bestuurder
- Kara De Smet, Bestuurder
- Koenraad Van Nieuwenburg, Bestuurder
- Rura Vander Eeckt, Bestuurder
Summary:
v3.2
2021
30-07-2021 2 directors appointed, 1 resigning
- Koenraad Van Nieuwenburg, Gedelegeerd bestuurder
- Jeroen Bockaert, Commissaris
- Peter Ringoot, Commissaris
Summary:
v3.2
27-04-2021 Incorporation of a new NV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes34
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
13
Profitability
0
Solvency
10
Growth
52
Stability
94
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Credit advice
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Company registry
Company registry (CBE)
Crossroads BankActivities
Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203
Primary activity highlighted.
Names & trade names
| Legal nameNL | Regreen |
Registered office
Industrielaan 6
1740 Ternat, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.