SKYGREEN

Active

Private limited companyfounded 20206 yrs activeVijflindenlaan(Roz) 22, 9630 Zwalm, BelgiumKBO/BCE: BE 0741.639.135

Summary

The computed 12-month bankruptcy probability of SKYGREEN is 2.4% (moderate). The 2024 annual accounts show equity of €20k and a net result of €4k. Equity is shrinking by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 5894 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

63 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability81▲+81

Solvency70▼-30

Growth58=

Track record100

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity short (current ratio 0.86 against 3.32 in 2023; short-term debt: 55.5% and cash: 27.2% of total assets), and 55.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← 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

44.5%

Return on assets

10%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

57 d late

2023

31 d late

2022

70 d late

2021

60 d late

2020

29 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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, micro schema

Equity

€20k▲ 29.0%

2023 · €15k

2020: €25k 2021: €23k 2022: €20k 2023: €15k

2020 → 2024

Total assets

€44k▲ 122%

2023 · €20k

2020: €26k 2021: €23k 2022: €23k 2023: €20k

2020 → 2024

Net result

€4k

2023 · €-5k

2020: €-5k 2021: €-2k 2022: €-3k 2023: €-5k

2020 → 2024

Working capital

€-3k

2023 · €11k

2020: €25k 2021: €23k 2022: €20k 2023: €11k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€25k-€23k▼ 7.3%€20k▼ 12.9%€15k▼ 24.4%€20k▲ 29.0%

Operating result€-5k-€-2k▲ 65.8%€-3k▼ 62.4%€-5k▼ 62.0%€5k

Net result€-5k-€-2k▲ 64.1%€-3k▼ 63.6%€-5k▼ 65.7%€4k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €5k after a loss of €5k in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €44k

52.0%

48.0%

Fixed assets €23k ▲ 408%

Current assets €21k ▲ 38.2%

Equity and liabilities €44k

44.5%

55.5%

Equity €20k ▲ 29.0%

Debt €24k ▲ 430%

Debt's share of the balance-sheet total rises from 23.3% to 55.5%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€6k▲

2023 · €-4k

Cash flow

€6k▲

2023 · €-5k

Current ratio

0.86▼

2023 · 3.32

Quick ratio

0.63▼

2023 · 2.70

Debt to equity

1.25▲

2023 · 0.30

ROE

22.5%▲

2023 · -32.3%

ROA

10.0%▲

2023 · -24.8%

Interest coverage

59.90▲

2023 · -11.27

Debt ≤ 1 year

€24k▲

2023 · €5k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines

Balance sheet Code20232024

Assets

Total assets20/58€20k€44k▲

Fixed assets21/28€5k€23k▲

Tangible fixed assets22/27€5k€23k▲

Plant, machinery and equipment23€5k€23k▲

Current assets29/58€15k€21k▲

Stocks and contracts in progress3€3k€6k▲

Stocks30/36€3k€6k▲

Amounts receivable within one year40/41€3k€3k▼

Trade receivables40€2k€2k▲

Other amounts receivable41€2k€1k▼

Cash at bank and in hand54/58€9k€12k▲

Deferred charges and accrued income490/1-€136

Equity and liabilities

Total equity and liabilities10/49€20k€44k▲

Equity10/15€15k€20k▲

Contributions10/11€30k€30k=

Profit (loss) carried forward14€-15k€-10k▲

Amounts payable17/49€5k€24k▲

Amounts payable within one year42/48€5k€24k▲

Trade debts44€3k€2k▼

Suppliers440/4€3k€2k▼

Other amounts payable47/48€2k€23k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€283€2k▲

Other operating charges640/8€891€653▼

Gross operating margin9900€-3k€7k▲

Operating profit (loss)9901€-5k€5k▲

Financial income75/76B-€4

Recurring financial income75-€4

Financial charges65/66B€378€102▼

Recurring financial charges65€378€102▼

Profit (loss) for the period before taxes9903€-5k€4k▲

Profit (loss) for the period9904€-5k€4k▲

Profit (loss) for the period to be appropriated9905€-5k€4k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-15k€-10k▲

Profit (loss) brought forward from the previous period14P€-10k€-15k▼

The notes to these accounts (5 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 6Financial 1Filings 5

2025

26-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 57 days late

2024

31-12

Financial Back to profitnet €4k

Net result €4k after 4 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

09-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 70 days late

2022

29-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 60 days late

2021

02-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

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

Directors · office · real estate

Directors

2 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, Zwalm · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Vijflindenlaan(Roz) 229630 Zwalm

Ground area

3,774 m²

Building footprint

156 m²

Parcel 45042A0189/00R000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.

1 establishment unit

SKYGREEN

Vijflindenlaan(Roz) 22, 9630 ZwalmCrop and animal production, hunting and related service activities

since 20202.300.147.934

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45042A0189/00R000	Flanders	3,774 m²	1 · 156 m²	0.1 m

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.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 3 entries · 16,870 EUR awarded · 16,870 EUR paid

Year	Entries	awarded	paid
2025	2	0 EUR	8,435 EUR
2024	1	16,870 EUR	8,435 EUR

Schemes

Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)

3 entries · 16,870 EUR · 16,870 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

GREEN MASTERS

BE 0832.152.607

Antwerpen · Eq €19,621

WAUT JACOBS

BE 0740.482.756

Hulshout · Eq €19,615

Geraardsbergen · Eq €19,673

X-Tra Time @ Home

BE 0697.920.839

Begijnendijk · Eq €19,582

Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,103 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded16-01-2020

Fiscal year end31-12

Activities, NACEBEL 2025

81300Landscape service activities

43410Roofing work

43421Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

Website:www.skygreen.be

Enterprise

E-mail:info@skygreen.be

Enterprise