The Green Cocoon
ActiveThe Green Cocoon has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-8k) and a net result of €-11k. Equity is shrinking by ~34% per year across the filed fiscal years. Its solvency ranks better than 8% of 4852 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+2
Solvency24▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.76 against 0.71 in 2024; short-term debt: 101.2% and cash: 2.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-1.2%
Return on assets
-1.7%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-8k
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-02-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
25 d late
2024
16 d early
2023
44 d early
2022
49 d early
2021
63 d early
2020
66 d early
2019
42 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-11k▲ 41.9%
2024 · €-18k
2019: €6k
2020: €15k
2021: €5k
2022: €4k
2023: €-30k
2024: €-18k
2019 → 2025
Working capital
€-150k▲ 20.2%
2024 · €-188k
2019: €47k
2020: €59k
2021: €55k
2022: €50k
2023: €-126k
2024: €-188k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€52k▲ 7.4%€21k▼ 58.6%€3k▼ 85.6%€-8k
Operating result€5k-€4k▼ 24.4%€-32k€-19k▲ 39.9%€-11k▲ 44.6%
Net result€5k-€4k▼ 22.9%€-30k€-18k▲ 39.6%€-11k▲ 41.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €19k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €618k
Fixed assets
€143k▼ 25.5%
Current assets
€476k▲ 2.1%
Key figures and ratios
EBITDA
€39k▲
2024 · €18k
Cash flow
€39k▲
2024 · €19k
Solvency
-1.2%▼
2024 · 0.5%
Current ratio
0.76▲
2024 · 0.71
Quick ratio
0.24▲
2024 · 0.20
Debt / equity
-82.54
ROA
-1.7%▲
2024 · -2.8%
Interest coverage
15.94▲
2024 · 6.04
Debt
€626k▼
2024 · €654k
Debt ≤ 1 year
€626k▼
2024 · €654k
Income taxes
€167▲
2024 · €157
Staff costs
€122k▲
2024 · €114k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€657k€618k▼
Fixed assets21/28€191k€143k▼
Intangible fixed assets21€105k€75k▼
Tangible fixed assets22/27€86k€67k▼
Plant, machinery and equipment23€27k€21k▼
Furniture and vehicles24€59k€47k▼
Financial fixed assets28€150€150=
Current assets29/58€466k€476k▲
Stocks and contracts in progress3€337k€324k▼
Stocks30/36€337k€324k▼
Amounts receivable within one year40/41€87k€134k▲
Trade receivables40€87k€134k▲
Cash at bank and in hand54/58€41k€17k▼
Equity and liabilities
Total equity and liabilities10/49€657k€618k▼
Equity10/15€3k€-8k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-17k€-28k▼
Amounts payable17/49€654k€626k▼
Amounts payable within one year42/48€654k€626k▼
Trade debts44€33k€2k▼
Suppliers440/4€33k€2k▼
Taxes, remuneration and social security45€12k€10k▼
Taxes450/3-€551
Remuneration and social security454/9€12k€9k▼
Other amounts payable47/48€609k€614k▲
Income statement
Code20242025
Non-recurring operating income76A-€6k
Remuneration, social security and pensions62€114k€122k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€49k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€249-
Other operating charges640/8€563€536▼
Gross operating margin9900€133k€161k▲
Operating profit (loss)9901€-19k€-11k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Non-recurring financial charges66B€362-
Profit (loss) for the period before taxes9903€-18k€-11k▲
Income taxes67/77€157€167▲
Profit (loss) for the period9904€-18k€-11k▲
Profit (loss) for the period to be appropriated9905€-18k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-28k▼
Profit (loss) brought forward from the previous period14P€983€-17k▼
Social balance
Average headcount (FTE)90872.22.2=
The notes to these accounts (10 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
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
15-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Weakest financial yearnet €-30k ▼953%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Highest result since 2019net €15k ▲161%
Operating result €5k, net result €15k, both a record.
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
06-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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, Tournai · 1 establishment unit since 2016
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.
Rue de la Terre à Briques(MAR) 47522 Tournai1 establishment unit
Morphomat
since 20162.255.788.745
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Of 1,803 companies in sector 46831 we hold annual accounts for 1,397. 161 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-07-2016
Fiscal year end30-06
Activities, NACEBEL
46831Wholesale of construction materials, general range
46839Wholesale trade
47522Retail trade
47526Retail trade
47529Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filings
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.