GREENFLEX
ActiveSummary
GREENFLEX has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215k and a net result of €102k. Equity is growing by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+8
Solvency53▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 1.8 in 2024; short-term debt: 40.8% and cash: 12.3% of total assets), but 71.7% of the assets are financed with debt.
Credit check 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 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.3%
Return on assets
13.4%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
13 d early
2023
21 d early
2022
31 d early
2021
11 d early
2020
31 d early
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€215k▲ 90.2%
2024 · €113k
2018: €-114k
2019: €-147k
2020: €-169k
2021: €-75k
2022: €11k
2023: €59k
2024: €113k
2018 → 2025
Total assets
€760k▲ 1.6%
2024 · €748k
2018: €340k
2019: €316k
2020: €358k
2021: €572k
2022: €759k
2023: €821k
2024: €748k
2018 → 2025
Net result
€102k▲ 89.7%
2024 · €54k
2018: €14k
2019: €-33k
2020: €-22k
2021: €94k
2022: €86k
2023: €48k
2024: €54k
2018 → 2025
Working capital
€424k▲ 32.1%
2024 · €321k
2018: €-214k
2019: €-250k
2020: €-245k
2021: €98k
2022: €215k
2023: €409k
2024: €321k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-75k-€11k€59k▲ 446%€113k▲ 90.7%€215k▲ 90.2%
Operating result€95k-€91k▼ 4.2%€68k▼ 25.2%€80k▲ 17.1%€144k▲ 80.9%
Net result€94k-€86k▼ 8.1%€48k▼ 43.7%€54k▲ 11.1%€102k▲ 89.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 81% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €760k
Fixed assets
€27k ▼ 2.7%
Current assets
€733k ▲ 1.8%
Equity and liabilities €760k
Equity
€215k ▲ 90.2%
Debt
€545k ▼ 14.2%
Debt's share of the balance-sheet total falls from 84.9% to 71.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€160k▲
2024 · €93k
Cash flow
€118k▲
2024 · €67k
Current ratio
2.37▲
2024 · 1.80
Quick ratio
0.84▼
2024 · 1.02
Debt to equity
2.53▼
2024 · 5.61
ROE
47.4%▼
2024 · 47.6%
ROA
13.4%▲
2024 · 7.2%
Interest coverage
33.79▲
2024 · 19.87
Debt ≤ 1 year
€310k▼
2024 · €400k
Debt > 1 year
€235k=
2024 · €235k
Income taxes
€38k▲
2024 · €21k
Staff costs
€152k▼
2024 · €188k
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€748k€760k▲
Fixed assets21/28€27k€27k▼
Tangible fixed assets22/27€27k€27k▼
Plant, machinery and equipment23€21k€12k▼
Furniture and vehicles24€7k€9k▲
Other tangible fixed assets26-€6k
Current assets29/58€720k€733k▲
Stocks and contracts in progress3€313k€474k▲
Stocks30/36€313k€474k▲
Amounts receivable within one year40/41€169k€158k▼
Trade receivables40€149k€138k▼
Other amounts receivable41€20k€20k▼
Cash at bank and in hand54/58€223k€94k▼
Deferred charges and accrued income490/1€15k€7k▼
Equity and liabilities
Total equity and liabilities10/49€748k€760k▲
Equity10/15€113k€215k▲
Contributions10/11€19k€19k=
Reserves13€95k€197k▲
Distributable reserves133€95k€197k▲
Amounts payable17/49€635k€545k▼
Amounts payable after more than one year17€235k€235k=
Other amounts payable178/9€235k€235k=
Amounts payable within one year42/48€400k€310k▼
Trade debts44€197k€90k▼
Suppliers440/4€197k€90k▼
Taxes, remuneration and social security45€56k€39k▼
Taxes450/3€18k€25k▲
Remuneration and social security454/9€38k€14k▼
Other amounts payable47/48€147k€181k▲
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€188k€152k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€16k▲
Other operating charges640/8€2k€975▼
Gross operating margin9900€283k€313k▲
Operating profit (loss)9901€80k€144k▲
Financial income75/76B€213€820▲
Recurring financial income75€213€820▲
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€75k€140k▲
Income taxes67/77€21k€38k▲
Profit (loss) for the period9904€54k€102k▲
Profit (loss) for the period to be appropriated9905€54k€102k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€102k▲
Transfer to equity691/2€54k€102k▲
To other reserves6921€54k€102k▲
Social balance
Average headcount (FTE)90872.82.1▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €102k ▲89.7%
Operating result €144k, net result €102k, both a record.
31-12
Financial
Equity above €200kEq €215k ▲90.2%
5 profitable years in a row build equity to €215k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €113k ▲90.7%
4 profitable years in a row build equity to €113k.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €94k
Net result €94k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.24
Current ratio from 0.54 to 1.24; short-term debt falls from €527k to €412k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-33k ▼339%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Roeselare · 1 establishment unit since 2015
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.
Ovenhoek 498800 RoeselareGround area
3,488 m²
Building footprint
964 m²
Volume, LiDAR
3 m³
Parcel 36504D0445/00F000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
Greenflex
since 20152.237.281.145
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36504D0445/00F000 | Flanders | 3,488 m² | 1 · 964 m² | 0.2 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
2022 to 2025 · 8 entries · 27,949 EUR awarded · 27,949 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 5,000 EUR | 5,202 EUR |
| 2024 | 2 | 7,689 EUR | 7,742 EUR |
| 2023 | 2 | 5,362 EUR | 5,107 EUR |
| 2022 | 2 | 9,898 EUR | 9,898 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.237.281.145
Similar companies · same sector, comparable size
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FLUO - TEX
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Of 138 companies in sector 13960 we hold annual accounts for 84. 62 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
Founded22-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
13960Manufacture of textiles
46419Wholesale trade
13990Manufacture of textiles
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@greenflex.be