THE GREEN CORNER
ActiveSummary
THE GREEN CORNER has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €4.8m and a net result of €350,241. Equity is shrinking by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 65 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability46▲+1
Solvency39=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290,000 at 30 days acceptable
Liquidity short (current ratio 0.43 against 33.15 in 2025; short-term debt: 38% and cash: 14.8% of total assets), and 85.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
14.5%
Return on assets
1%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 16-09-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
45 d early
2025
57 d early
2024
101 d early
2023
106 d early
2022
136 d early
2021
122 d early
2020
122 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 98 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 22 July (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€350,241▲ 37.4%
2025 · €254,992
Working capital
-€7.2m
2025 · €3.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€661,694▼ 35.7%€825,830▲ 24.8%€1.0m▲ 23.3%€963,841▼ 5.4%€1.1m▲ 9.8%
Net result-€51,210below the sector's middle half€67,866within the sector's middle half€309,971above the sector's middle half▲ 357%€254,992above the sector's middle half▼ 17.7%€350,241▲ 37.4%
Equity€8.2mabove the sector's middle half▼ 11.4%€6.7mabove the sector's middle half▼ 17.7%€5.7mabove the sector's middle half▼ 14.7%€4.5mabove the sector's middle half▼ 21.7%€4.8m▲ 7.8%
Total assets€36.5mabove the sector's middle half▼ 2.5%€35.2mabove the sector's middle half▼ 3.4%€34.3mabove the sector's middle half▼ 2.7%€33.1mabove the sector's middle half▼ 3.5%€33.5m▲ 1.3%
Debt€28.3m▲ 0.5%€28.5m▲ 0.7%€28.5m▲ 0.2%€28.6m▲ 0.1%€28.6m▲ 0.3%
Working capital€3.5mabove the sector's middle half▲ 7.7%€3.5mabove the sector's middle half▼ 1.1%€3.8mabove the sector's middle half▲ 7.1%€3.8mabove the sector's middle half▼ 0.1%-€7.2m
Solvency22.4%within the sector's middle half▼ 2.3pp19.1%within the sector's middle half▼ 3.3pp16.8%within the sector's middle half▼ 2.4pp13.6%within the sector's middle half▼ 3.2pp14.5%▲ 0.9pp
Current ratio22.45above the sector's middle half▼ 0.2925.86above the sector's middle half▲ 3.4128.01above the sector's middle half▲ 2.1633.15above the sector's middle half▲ 5.130.43▼ 32.72
Return on assets (ROA)-0.1%within the sector's middle half▼ 0.7pp0.2%within the sector's middle half▲ 0.3pp0.9%within the sector's middle half▲ 0.7pp0.8%within the sector's middle half▼ 0.1pp1.0%▲ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 10% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €33.5m
Fixed assets
€28.0m ▼ 4.0%
Current assets
€5.5m ▲ 41.7%
Equity and liabilities €33.5m
Equity
€4.8m ▲ 7.8%
Debt
€28.6m ▲ 0.3%
Debt's share of the balance-sheet total falls from 86.4% to 85.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.2m▲
2025 · €2.2m
Cash flow
€1.5m▲
2025 · €1.4m
Debt to equity
5.91▼
2025 · 6.35
ROE
7.2%▲
2025 · 5.7%
Interest coverage
3.17▲
2025 · 3.04
Debt ≤ 1 year
€12.7m▲
2025 · €116,806
Debt > 1 year
€13.6m▼
2025 · €26.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 168 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 98% are still going.
- Large
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
0.6%
stopped otherwise
98%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 168 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €302 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Other operating charges640/8 | €893 | €868 | €868 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | €1.9m | €2.0m | €2.2m | €2.2m | €2.2m | ▲ 4.4% |
| Operating profit (loss)9901 | €661,694 | €825,830 | €1.0m | €963,841 | €1.1m | ▲ 9.8% |
| Financial income75/76B | - | - | €1 | - | - | - |
| Recurring financial income75 | - | - | €1 | - | - | - |
| Financial charges65/66B | €712,904 | €757,964 | €708,604 | €708,850 | €708,517 | = |
| Recurring financial charges65 | €712,904 | €757,964 | €708,604 | €708,850 | €708,517 | = |
| Profit (loss) for the period before taxes9903 | -€51,210 | €67,866 | €309,971 | €254,992 | €350,241 | ▲ 37.4% |
| Profit (loss) for the period9904 | -€51,210 | €67,866 | €309,971 | €254,992 | €350,241 | ▲ 37.4% |
| Profit (loss) for the period to be appropriated9905 | -€51,210 | €67,866 | €309,971 | €254,992 | €350,241 | ▲ 37.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36.5m | €35.2m | €34.3m | €33.1m | €33.5m | ▲ 1.3% |
| Formation expenses20 | €106,751 | €84,652 | €62,553 | €40,454 | €18,355 | ▼ 54.6% |
| Fixed assets21/28 | €32.6m | €31.5m | €30.3m | €29.1m | €28.0m | ▼ 4.0% |
| Tangible fixed assets22/27 | €32.6m | €31.5m | €30.3m | €29.1m | €28.0m | ▼ 4.0% |
| Other tangible fixed assets26 | €32.6m | €31.5m | €30.3m | €29.1m | €28.0m | ▼ 4.0% |
| Current assets29/58 | €3.7m | €3.7m | €3.9m | €3.9m | €5.5m | ▲ 41.7% |
| Amounts receivable within one year40/41 | €170,766 | €250,214 | €3,620 | €1,708 | €88,715 | ▲ 5,094% |
| Trade receivables40 | €149,755 | €247,295 | - | - | - | - |
| Other amounts receivable41 | €21,011 | €2,919 | €3,620 | €1,708 | €88,715 | ▲ 5,094% |
| Cash at bank and in hand54/58 | €2.7m | €2.7m | €3.3m | €3.3m | €4.9m | ▲ 48.5% |
| Deferred charges and accrued income490/1 | €839,833 | €723,750 | €631,356 | €538,962 | €450,346 | ▼ 16.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36.5m | €35.2m | €34.3m | €33.1m | €33.5m | ▲ 1.3% |
| Equity10/15 | €8.2m | €6.7m | €5.7m | €4.5m | €4.8m | ▲ 7.8% |
| Contributions10/11 | €8.2m | €6.6m | €5.3m | €3.8m | €3.8m | = |
| Capital10 | €8.2m | €6.6m | €5.3m | €3.8m | €3.8m | = |
| Issued capital100 | €8.2m | €6.6m | €5.3m | €3.8m | €3.8m | = |
| Reserves13 | €22,595 | €25,988 | €41,487 | €54,236 | €71,748 | ▲ 32.3% |
| Non-distributable reserves130/1 | €22,595 | €25,988 | €41,487 | €54,236 | €71,748 | ▲ 32.3% |
| Legal reserve130 | €22,595 | €25,988 | €41,487 | €54,236 | €71,748 | ▲ 32.3% |
| Profit (loss) carried forward14 | -€51,210 | €64,473 | €358,945 | €601,187 | €933,916 | ▲ 55.3% |
| Amounts payable17/49 | €28.3m | €28.5m | €28.5m | €28.6m | €28.6m | ▲ 0.3% |
| Amounts payable after more than one year17 | €26.2m | €26.2m | €26.2m | €26.2m | €13.6m | ▼ 48.1% |
| Financial debts170/4 | €12.6m | €12.6m | €12.6m | €12.6m | - | - |
| Other amounts payable178/9 | €13.6m | €13.6m | €13.6m | €13.6m | €13.6m | = |
| Amounts payable within one year42/48 | €165,472 | €141,270 | €139,216 | €116,806 | €12.7m | ▲ 10,799% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €12.6m | - |
| Trade debts44 | €136,623 | €112,421 | €110,367 | €87,957 | €101,318 | ▲ 15.2% |
| Suppliers440/4 | €136,623 | €112,421 | €110,367 | €87,957 | €101,318 | ▲ 15.2% |
| Other amounts payable47/48 | €28,849 | €28,849 | €28,849 | €28,849 | €28,849 | = |
| Accrued charges and deferred income492/3 | €1.9m | €2.1m | €2.2m | €2.2m | €2.3m | ▲ 2.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€51,210 | €67,866 | €309,971 | €254,992 | €350,241 | ▲ 37.4% |
| + Depreciation and write-downs630 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Operating cash flow (approximation) | €1.1m | €1.3m | €1.5m | €1.4m | €1.5m | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | -€22,099 | -€22,099 | -€22,099 | -€22,099 | = |
| Change in cash | - | -€25,478 | €585,915 | €66,316 | €1.6m | ▲ 2,335% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
28-07
State Gazette act
Appointment: RSM INTERAUDIT (statutory auditor)2 facts ▸
State Gazette act
Appointment: RSM INTERAUDIT (statutory auditor)
2 facts ▸
- General meeting, 23-06-2026
- Auditor appointment, RSM INTERAUDIT (statutory auditor)
28-07
State Gazette act
Appointment: Dean Dean MCNAMARA (director)Resignation: Rita JAHREIS (director) · Director discharge4 facts ▸
State Gazette act
Appointment: Dean Dean MCNAMARA (director)
Resignation: Rita JAHREIS (director) · Director discharge4 facts ▸
- General meeting, 24-06-2026
- Director appointment, Dean Dean MCNAMARA (director)
- Director resignation, Rita JAHREIS (director)
- Director discharge, Rita JAHREIS (director)
31-03
Financial
Highest result since 2020net €350,241 ▲37.4%
Operating result €1.1m, net result €350,241, both a record.
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Back to profitnet €67,866
Net result €67,866 after one loss-making year.
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Back to profitnet €221,834
Net result €221,834 after one loss-making year.
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 188 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 45 acts read
About the unread acts
Of the 45 Belgian State Gazette acts we know for this company, 2 have been read. The other 43 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
Dean Dean MCNAMARA
CurrentDirector · since 15-06-2026
Statutory auditor 1
RSM INTERAUDIT
CurrentStatutory auditor · since 28-07-2026 · perm. rep.: Vincent Thyrion
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
43 of this company's 45 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 1991
Ground area
3.3 ha
Building footprint
7,652 m²
Volume, LiDAR
133,613 m³
2 parcels, Brussels · tallest building 29.4 m, ±9 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
THE GREEN CORNER
since 19912.052.210.192
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0030/00D002 | Brussels | 3.2 ha | 1 · 7,322 m² | 21.0 m · 6 fl. |
| 21019A0199/02B002 | Brussels | 984 m² | 1 · 330 m² | 29.4 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
3 people since 2026, 2 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Dean Dean MCNAMARA |
|
| RSM INTERAUDIT |
|
| Rita JAHREIS |
|
Structure & network
Owners and holdings
2 ownersChain of control
- REAL I.S. AG S. Etr.DE
- THE GREEN CORNER
Highest known parent: REAL I.S. AG S. Etr. (Germany). The sources do not say who stands above it.
Owners 2
- REAL I.S. AG S. Etr.DEparentSourceown accounts 31-03-202699.99%
- BGV VII Europa Verwaltungs S. Etr.DESourceown accounts 31-03-20260.01%
Holdings 0
The accounts to 31-03-2026 list no holdings, and no other source names one.
According to the annual accounts to 31-03-2026 of THE GREEN CORNER and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
European Union, budget
2021 to 2024 · 5 entries · 7,353,675 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 0 EUR |
| 2023 | 2 | 2,668,652 EUR |
| 2022 | 1 | 2,271,602 EUR |
| 2021 | 1 | 2,413,421 EUR |
Projects
LOYERS ET REDEVANCES NON ACQUISITIVES DE BIENS IMMOBILIERS
REDEVANCES NON ACQUISITIVES DE BIEN IMMOBILIERS
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Identification & contact
Identification
Legal formPublic limited company
Founded15-03-1991
Fiscal year end31-03
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0443551997
Also
9925:BE0443551997
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.