Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2024.
-
Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Green Leaf Bidco from Merelbeke-Melle, company number BE0789556244, closed financial year 2025 with a result of € -7.4 million after tax. For that financial year Green Leaf Bidco recorded revenue of € 2.9 million and equity of € 318.6 million. Compared with financial year 2024, the result moved from € -5.5 million to € -7.4 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 318.6 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7.4 million
▼ 33 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,123
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -25.9 million.
People and assets in 2025
7.8
▲ 4.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 754,479
▲ 150% vs 2024
€ 96,700 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.
€ 60,590
▲ 120% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 82.1 million
▲ 59% vs 2024
Loans from banks and other lenders, long and short.
€ 1.2 million
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 432 days on average.
€ 181,637
▲ 104% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 119,948 | € 1,120,172 | € 1,611,149 | € 2,916,597 | ▲ 81% |
| Profit after taxes | € -8,792,534 | € -4,226,200 | € -5,534,673 | € -7,359,600 | ▼ € 1.8 million |
| Equity | € 335,675,466 | € 331,449,266 | € 325,914,593 | € 318,554,992 | ▼ 2% |
| Total debts | € 41,390,996 | € 45,851,743 | € 62,591,434 | € 103,983,698 | ▲ 66% |
| Cash | € 721,210 | - | - | € 1,123 | |
| Retained profit | € -8,792,534 | € -13,018,734 | € -18,553,407 | € -25,913,008 | ▼ € 7.4 million |
| Bank debt | € 39,495,359 | € 41,630,359 | € 51,630,359 | € 82,130,359 | ▲ 59% |
| Balance sheet total | € 377,066,462 | € 377,301,009 | € 388,506,026 | € 422,538,691 | ▲ 9% |
| Employees (FTE) | - | 1.3 | 3.2 | 7.8 | ▲ 4.6 |
Key figures of Green Leaf Bidco, 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 Leaf Bidco?
What happened at Green Leaf Bidco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 7.4 million. Source: NBB ↗
- LDB Consulting BV became a director. NBB
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 8.8 million loss in 2022 to € 7.4 million loss in 2025.
Paid € 1,154 in corporate taxes since 2022.
A new publication or filing at Green Leaf Bidco? 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 Green Leaf Midco 4 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Green Leaf BidcoBehind Green Leaf Bidco is LDB Consulting BV. The shares are held by Green Leaf Midco 4 (100%). It owns 100% of Isolstar Holding itself.
Directors
According to the 2025 annual accounts
Director · represented by Luc De Busscher
Also active at: CAREMISO, TECHNICAS, INSULCON N.V., ISOBUILD KORTEMARK, ISOBUILD HOBOKEN, VERMEERSCH LOGISTICS, Isolstar Holding, Green Leaf Topco +5 more
since 2022
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 94 box 201
9090 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →Isolstar Holding same network
Rootputte Invest
Rootputte
€ 275,389 revenue · 2025
VERENIGING VAN MEDE-EIGENAARS VAN HET KANTOORGEBOUW BRUSSELSESTEENWEG 94 TE 9090 MELLE.
Green Leaf Topco same network
€ 2.2 million revenue · 2025
+9 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
- 0789.556.244
- VAT number
- BE 0789.556.244
- Registered office
- Brusselsesteenweg 94 bus 201, 9090 Merelbeke-Melle
- Names & denominations
- Green Leaf Bidco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 August 2022
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Activiteiten van holdings
Ontwerpen van computerprogramma’s
Holdings
Ontwerpen en programmeren van computerprogramma's
Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten
Activiteiten van webportalen
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Computerconsultancy-activiteiten
+2