Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GREEN SPIRIT INDUSTRIES from Etterbeek, company number BE0447811683, closed financial year 2025 with a result of € 434,666 after tax. For that financial year GREEN SPIRIT INDUSTRIES recorded a gross margin of € 141,441 and equity of € 11.1 million. Compared with financial year 2024, the result moved from € 1.1 million to € 434,666. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 6, 2026.
€ 11.1 million
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 434,666
▼ 62% vs 2024
Profit after tax over the fiscal year.
€ 509,619
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.9 million.
Debts at end 2025
€ 5.1 million
▲ € 4 million vs 2024
€ 213,969 is repaid this year. At this pace the long-term loan is gone in ≈ 24 years.
€ 3,247
▲ 107% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 135,487 | € 150,233 | € 101,854 | € 141,441 | ▲ 39% |
| Profit after taxes | € 341,224 | € 432,521 | € 1,137,233 | € 434,666 | ▼ 62% |
| Equity | € 3,498,021 | € 8,184,961 | € 9,436,573 | € 11,118,481 | ▲ 18% |
| Total debts | € 2,519,116 | € 3,397,295 | € 6,883,069 | € 8,188,411 | ▲ 19% |
| Cash | € 166,619 | € 168,207 | € 378,623 | € 509,619 | ▲ 35% |
| Land & buildings | € 1,248,556 | € 1,221,041 | € 1,193,526 | € 1,166,011 | ▼ 2% |
| Retained profit | € 932,996 | € 1,365,517 | € 2,502,749 | € 2,937,415 | ▲ 17% |
| Bank debt | € 1,597,798 | € 1,334,145 | € 1,138,990 | € 5,097,720 | ▲ € 4 million |
| Balance sheet total | € 6,039,604 | € 11,601,970 | € 16,336,604 | € 19,321,100 | ▲ 18% |
Key figures of GREEN SPIRIT INDUSTRIES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GREEN SPIRIT INDUSTRIES?
What happened at GREEN SPIRIT INDUSTRIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Luc Heuzer stepped down as director. NBB
- Rolf Vandoren stepped down as director. NBB
- Emmanuelle Verset stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 434,666 (▼ 62% vs 2024). filed late Source: NBB ↗
- Jean-Luc Heuzer became a director. NBB
- Rolf Vandoren became a director. NBB
- Emmanuelle Verset became a director. NBB
- New establishment in Brussel. KBO
In short
From € 341,224 profit in 2022 to € 434,666 profit in 2025.
Paid € 60,051 in corporate taxes since 2022.
Best year ever: 2024, with € 1.1 million profit.
A new publication or filing at GREEN SPIRIT INDUSTRIES? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of Immobiliënvennootschap 't Wolvennest, 32.5% of Smart Industries and 24.8% of Smart Intellectual Property itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2030
Rolf Vandoren
Bestuurder
Also active at: WOLVENNEST, HUIS ETIENNE, SMART INDUSTRIAL REAL ESTATE, BIOTOPIA, CREAPOLIS
since 2024 · until 2030
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Sint-Michielslaan 123
1040 Etterbeek
Vilvoordsesteenweg 6
1020 Brussel
Active since 24 May 1993
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →COMPAGNIE FINANCIERE DES PALAIS D'OUTRE-PONTS
€ -1,741 gross margin · 2025
Expert Technologies & Consulting
€ -4,892 gross margin · 2025
LURIANE
€ -6,196 gross margin · 2025
RISBART
€ -2,841 gross margin · 2025
SMART INDUSTRIAL REAL ESTATE same network
€ 278,917 gross margin · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.811.683
- VAT number
- BE 0447.811.683
- Registered office
- Sint-Michielslaan 123, 1040 Etterbeek
- Names & denominations
- GREEN SPIRIT INDUSTRIES · G.S.I.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 1992
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
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Verhuur en lease van kantoormachines, inclusief computers
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Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen
Verhuur van niet-residentiële gebouwen