VERT PAYSAGE
ActiveVERT PAYSAGE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €-9k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▼-10
Solvency89▲+7
Growth40=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.41 in 2024; short-term debt: 31.8% and cash: 22% of total assets), and 35.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 02
Relative position
BE, all sectors
reference
Sector 02
lower
← 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
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
64.3%
Return on assets
-7.6%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
43 d early
2023
23 d early
2022
32 d early
2021
31 d early
2020
18 d early
2019
31 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€96k▼ 15.0%
2019 · €113k
2018: €107k
2019: €113k
2018 → 2020
EBIT margin
10.0%▼ 2.0pp
2019 · 12.0%
2018: 7.9%
2019: 12.0%
2018 → 2020
Net result
€-9k
2024 · €662
2018: €3k
2019: €11k
2020: €5k
2021: €379
2022: €4k
2023: €3k
2024: €662
2018 → 2025
Working capital
€26k▲ 28.7%
2024 · €20k
2018: €31k
2019: €-3k
2020: €3k
2021: €-7k
2022: €5k
2023: €13k
2024: €20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€78k▲ 5.0%€82k▲ 4.1%€82k▲ 0.8%€74k▼ 10.5%
Operating result€116-€7k▲ 5,614%€7k▼ 0.5%€5k▼ 30.3%€-4k
Net result€379-€4k▲ 884%€3k▼ 12.8%€662▼ 79.7%€-9k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115k
Fixed assets
€52k▼ 29.8%
Current assets
€63k▼ 11.3%
Equity and liabilities €115k
Equity
€74k▼ 10.5%
Debt
€41k▼ 34.2%
The debt ratio falls from 43.1% to 35.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18k▼
2024 · €27k
Cash flow
€14k▼
2024 · €23k
Solvency
64.3%▲
2024 · 56.9%
Current ratio
1.72▲
2024 · 1.41
Quick ratio
1.37▲
2024 · 1.37
Debt / equity
0.56▼
2024 · 0.76
ROE
-11.8%▼
2024 · 0.8%
ROA
-7.6%▼
2024 · 0.5%
Interest coverage
12.01▼
2024 · 22.14
Debt
€41k▼
2024 · €62k
Debt ≤ 1 year
€36k▼
2024 · €50k
Debt > 1 year
€5k▼
2024 · €12k
Income taxes
€3k▲
2024 · €3k
Staff costs
€16k▲
2024 · €14k
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€145k€115k▼
Fixed assets21/28€74k€52k▼
Tangible fixed assets22/27€74k€52k▼
Land and buildings22€25k€19k▼
Plant, machinery and equipment23€21k€16k▼
Furniture and vehicles24€28k€16k▼
Current assets29/58€71k€63k▼
Stocks and contracts in progress3€2k€13k▲
Stocks30/36€2k€13k▲
Amounts receivable within one year40/41€39k€22k▼
Trade receivables40€39k€22k▼
Cash at bank and in hand54/58€27k€25k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€145k€115k▼
Equity10/15€82k€74k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€64k€64k=
Distributable reserves133€64k€64k=
Profit (loss) carried forward14-€-9k
Amounts payable17/49€62k€41k▼
Amounts payable after more than one year17€12k€5k▼
Financial debts170/4€12k€5k▼
Amounts payable within one year42/48€50k€36k▼
Current portion of amounts payable after more than one year42€12k€8k▼
Trade debts44€11k€10k▼
Suppliers440/4€11k€10k▼
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€4k€2k▼
Remuneration and social security454/9€3k€1k▼
Other amounts payable47/48€20k€15k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€79k€64k▼
Remuneration, social security and pensions62€14k€16k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€23k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€43k€36k▼
Operating profit (loss)9901€5k€-4k▼
Financial income75/76B€3€2▼
Recurring financial income75€3€2▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€3k€-6k▼
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€662€-9k▼
Profit (loss) for the period to be appropriated9905€662€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€662€-9k▼
Transfer to equity691/2€662-
To other reserves6921€662-
The notes to these accounts (7 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-9k ▼1411%
Net result drops to €-9k, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €11k ▲259%
Operating result €14k, net result €11k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Malmedy · 1 establishment unit since 2005
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.
Burnenville-Route Anc.Frontière 314960 Malmedy1 establishment unit
VERT PAYSAGE
since 20052.148.187.833
Similar companies · same sector, comparable size
ARDUINA
BE 0455.170.124
Gembloux · Eq €72k
MANELISCHARL
BE 0684.865.233
Viroinval · Eq €71k
SOTEX-BOIS
BE 0428.584.701
Fosses-la-Ville · Eq €76k
ARBOTIL
BE 0835.591.058
Onhaye · Eq €71k
LG FOREST
BE 0786.297.737
Florenville · Eq €71k
Of 1,556 companies in sector 02200 we hold annual accounts for 449. 287 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-07-2005
Fiscal year end31-12
Activities, NACEBEL
02012
02200Logging
81300Landscape service activities
01410Raising of dairy cattle
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filings
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.