Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2021 and 2022.
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Busy address KBO
58 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
GREEN PROPULSION ENGINEERING from Liège, company number BE0645594089, closed financial year 2022 with a result of € -475,754 after tax. For that financial year GREEN PROPULSION ENGINEERING recorded a gross margin of € -157,555 and equity of € -65,958. Compared with financial year 2021, the result moved from € -167,047 to € -475,754. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2023.
€ -65,958
▼ € 535,835 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -475,754
▼ 185 % more loss than in 2021
Profit after tax over the fiscal year.
€ 44,420
▲ 223% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2022
4
▼ 1.7 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 235,515
▼ 39% vs 2021
€ 58,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 22,169
▼ 23% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 870,794
▲ € 673,896 vs 2021
Loans from banks and other lenders, long and short.
€ 165,984
▼ 48% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 33,476
▼ 53% vs 2021
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 269,082 | € -157,555 | ▼ € 426,636 |
| Profit after taxes | € -167,047 | € -475,754 | ▼ € 308,707 |
| Equity | € 469,877 | € -65,958 | ▼ € 535,835 |
| Total debts | € 585,402 | € 1,070,254 | ▲ 83% |
| Cash | € 13,752 | € 44,420 | ▲ 223% |
| Retained profit | € -1,311,479 | € -1,787,233 | ▼ € 475,754 |
| Bank debt | € 196,898 | € 870,794 | ▲ € 673,896 |
| Balance sheet total | € 1,055,280 | € 1,004,296 | ▼ 5% |
| Employees (FTE) | 5.7 | 4 | ▼ 1.7 |
Key figures of GREEN PROPULSION ENGINEERING, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to GREEN PROPULSION ENGINEERING?
What happened at GREEN PROPULSION ENGINEERING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
GREEN PROPULSION ENGINEERING is active according to the CBE. Legal situation: Opening faillissement.
- LAURENT MINGUET stepped down as director. NBB
- New annual accounts for financial year 2022: loss of € 475,754. filed late Source: NBB ↗
- LAURENT MINGUET became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 167,047 loss in 2021 to € 475,754 loss in 2022.
Paid € 1,581 in corporate taxes since 2021.
On average € 47,200 of value added per employee in 2021.
A new publication or filing at GREEN PROPULSION ENGINEERING? 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
The stake of Invest Minguet Gestion comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GREEN PROPULSION ENGINEERINGThe shares are held by Invest Minguet Gestion (98.3%).
Directors
According to the 2022 annual accounts
LAURENT MINGUET
Managing director
Also active at: IMODAVE, LE CYGNE BLANC, ALL THERMIC SOLUTIONS, Invest Minguet Gestion, CHEVALIER, MARTINE & Co, CHARL, SYSTÈMES PHOTOVOLTAÏQUES +47 more
since 2021 · until 2027
Shareholders
98.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Natalis 2
4020 Liège
Avenue Pré-Aily 20
4031 Liège
Active since 1 February 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 58 companies are registered at this address.
All companies at this address →ALL THERMIC SOLUTIONS same network
€ 711,106 revenue · 2024
Invest Minguet Gestion same network
€ 827,890 revenue · 2024
CHEVALIER same network
€ -1,619 gross margin · 2025
SYSTÈMES PHOTOVOLTAÏQUES same network
€ 25,497 gross margin · 2025
Systèmes Photovoltaïques Wallons same network
€ 1.9 million gross margin · 2025
+53 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
- 0645.594.089
- VAT number
- BE 0645.594.089
- Registered office
- Rue Natalis 2, 4020 Liège
- Names & denominations
- GPE · GREEN PROPULSION ENGINEERING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 5 January 2016
- Peppol
- Not registered
- Activities · NACE
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