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 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Green Island Technics from Ingelmunster, company number BE0669740656, closed financial year 2025 with a result of € -28,886 after tax. For that financial year Green Island Technics recorded a gross margin of € -9,416 and equity of € 37,074. Compared with financial year 2024, the result moved from € 15,307 to € -28,886. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2026.
€ 37,074
▼ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -28,886
▼ still € 15,307 profit in 2024
Profit after tax over the fiscal year.
€ 28,926
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 27,074.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 18,458
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 52,098
▼ 25% vs 2024
€ 17,589 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 5,165
▼ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,039
▲ 31% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 42,431 | € 12,411 | € 37,084 | € -9,416 | ▼ € 46,500 |
| Profit after taxes | € 26,626 | € 675 | € 15,307 | € -28,886 | ▼ € 44,193 |
| Equity | € 49,978 | € 50,652 | € 65,959 | € 37,074 | ▼ 44% |
| Total debts | € 117,199 | € 150,175 | € 139,201 | € 121,932 | ▼ 12% |
| Cash | € 53,491 | € 73,075 | € 63,830 | € 28,926 | ▼ 55% |
| Retained profit | € 39,978 | € 40,652 | € 55,959 | € 27,074 | ▼ 52% |
| Bank debt | € 63,477 | € 86,016 | € 69,262 | € 52,098 | ▼ 25% |
| Balance sheet total | € 167,176 | € 200,827 | € 205,161 | € 159,006 | ▼ 22% |
Key figures of Green Island Technics, 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 Island Technics?
What happened at Green Island Technics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 28,886 (▼ € 44,193 vs 2024). filed late Source: NBB ↗
- New establishment in Ingelmunster. KBO
- Start of the company according to the CBE. KBO
- Kris Maddens became a director. NBB
In short
From € 26,626 profit in 2022 to € 28,886 loss in 2025.
Paid € 25,411 in corporate taxes since 2022.
Best year ever: 2022, with € 26,626 profit.
Management
Behind Green Island Technics is Kris Maddens.
Directors
According to the 2025 annual accounts
Kris Maddens
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Zwingelaarsstraat 14
8770 Ingelmunster
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Hostinger Mail
Hosting
AS-HOSTINGER, CY
Domain
Domain
greenislandtechnics.com
Registered
2017-01-25
Registrar
HOSTINGER operations, UAB
Expires
2027-01-25
Website info
Features
Security
Network
Details
- Company number
- 0669.740.656
- VAT number
- BE 0669.740.656
- Registered office
- Zwingelaarsstraat 14, 8770 Ingelmunster
- Names & denominations
- Green Island Technics · G.I.T.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 January 2017
- Peppol
- Active · Active since 1 Dec 2025
- Contact
- greenislandtechnics.com
- Activities · NACE
Vervaardiging van ovens en permanente verwarmingstoestellen voor huishoudelijk gebruik
Vervaardiging van elektrische huishoudapparaten
Vervaardiging van elektromotoren en van elektrische generatoren en transformatoren