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 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2024; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
GREEN FLAG from Tervuren, company number BE0771500188, closed financial year 2024 with a result of € -24,220 after tax. For that financial year GREEN FLAG recorded a gross margin of € -10,490 and equity of € -107,597. Compared with financial year 2023, the result moved from € -39,065 to € -24,220. 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 31, 2025.
€ -107,597
▼ € 24,220 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,220
▲ 38 % less loss than in 2023
Profit after tax over the fiscal year.
€ 4,265
▲ 18% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -147,597.
People and assets in 2024
€ 71
▼ 96% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 529
▼ 36% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 22,431
▼ 68% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 3,734
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € -69,372 | € -26,538 | € -10,490 | ▲ € 16,048 |
| Profit after taxes | € -84,313 | € -39,065 | € -24,220 | ▲ € 14,845 |
| Equity | € -44,313 | € -83,377 | € -107,597 | ▼ € 24,220 |
| Total debts | € 192,751 | € 179,091 | € 192,444 | ▲ 7% |
| Cash | € 32,193 | € 3,616 | € 4,265 | ▲ 18% |
| Retained profit | € -84,313 | € -123,377 | € -147,597 | ▼ € 24,220 |
| Bank debt | € 49,093 | € 10,000 | € 0 | ▼ 100% |
| Balance sheet total | € 148,438 | € 95,713 | € 84,847 | ▼ 11% |
Key figures of GREEN FLAG, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GREEN FLAG?
What happened at GREEN FLAG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 24,220. filed late Source: NBB ↗
- Van As Automobile B.V. stepped down as director. NBB
- Triple Seven B.V. became a director. NBB
- Van As Automobile B.V. became a director. NBB
- New establishment in Tervuren. KBO
- Start of the company according to the CBE. KBO
In short
From € 84,313 loss in 2022 to € 24,220 loss in 2024.
Management
The stake of VAN AS AUTOMOBILE, Classy Cars, TRIPLE SEVEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GREEN FLAGBehind GREEN FLAG is Triple Seven B.V.. The shares are held by VAN AS AUTOMOBILE (33.3%), Classy Cars (33.3%) and TRIPLE SEVEN (33%).
Directors
According to the 2024 annual accounts
Director · represented by Ravalison Hasina
since 2022
Director · represented by Van ASBROECK LAURENT
since 2022 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 171
3080 Tervuren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0771.500.188
- VAT number
- BE 0771.500.188
- Registered office
- Leuvensesteenweg 171, 3080 Tervuren
- Names & denominations
- GREEN FLAG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2021
- Peppol
- Not registered
- Activities · NACE
Handelsbemiddeling in de groothandel in andere specifieke goederen
Handelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)
Carrosserieherstelling (inclusief spuiten en verven)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van motorvoertuigen, neg
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van motorvoertuigen, n.e.g.
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
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