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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2024; threshold 65 %.
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Annual account missing NBB
Fiscal year 2025 was expected before 30 April 2026 and has not been filed.
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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 Works from Kortenberg, company number BE0811465178, closed financial year 2024 with a result of € 5,466 after tax. For that financial year Green Works recorded a gross margin of € 7,373 and equity of € -29,122. Compared with financial year 2023, the result moved from € 14,735 to € 5,466. The company is profitable. 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 April 29, 2025.
€ -29,122
▲ € 5,467 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,466
▼ 63% vs 2023
Profit after tax over the fiscal year.
€ 1,073
▲ 1% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -46,397.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 8,840
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 9,286
▲ € 8,087 vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 89,275 | € 37,318 | - | - | |
| Gross margin | € 15,202 | € 9,647 | € 22,648 | € 7,373 | ▼ 67% |
| Profit after taxes | € 10,938 | € 4,726 | € 14,735 | € 5,466 | ▼ 63% |
| Equity | € -54,050 | € -49,324 | € -34,589 | € -29,122 | ▲ € 5,467 |
| Total debts | € 70,926 | € 58,233 | € 43,483 | € 50,914 | ▲ 17% |
| Cash | € 614 | - | € 1,064 | € 1,073 | ▲ 1% |
| Land & buildings | € 135 | - | - | - | |
| Retained profit | € -71,325 | € -66,599 | € -51,864 | € -46,397 | ▲ € 5,467 |
| Bank debt | € 21,594 | € 14,102 | € 1,728 | € 0 | ▼ 100% |
| Balance sheet total | € 16,876 | € 8,910 | € 8,894 | € 21,792 | ▲ 145% |
By gross margin, Green Works ranks 4th of 4 companies with main activity “Overige bouwinstallatie” in Kortenberg that publish figures (fiscal year 2024).
Key figures of Green Works, fiscal years 2021 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 30 April 2026.
Ask about Green Works the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to Green Works?
What happened at Green Works in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 5,466 (▼ 63% vs 2023). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Kortenberg. KBO
In short
From € 10,938 profit in 2021 to € 5,466 profit in 2024.
Paid € 4,203 in corporate taxes since 2021.
Best year ever: 2023, with € 14,735 profit.
Management
Behind Green Works is Geert Willems.
Directors
According to the 2024 annual accounts
Geert Willems
Director
Establishments
Establishment units
Physical locations of this company
Leuvenstraat 24
3071 Kortenberg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Similar companies in Kortenberg
Same main activity (Overige bouwinstallatie), 4 active companies in Kortenberg, largest first.
€ 617,954 gross margin · 2025
€ 364,963 gross margin · 2025
€ 74,573 gross margin · 2025
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- WILLEMS Geert Julien Henri(oprichter) 50%
- PIOT Serge(oprichter) 50%
Details
- Company number
- 0811.465.178
- VAT number
- BE 0811.465.178
- Registered office
- Leuvenstraat 24, 3071 Kortenberg
- Names & denominations
- Green Works · GW
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 April 2009
- Peppol
- Not registered
- Activities · NACE
Overige bouwinstallatie
Overige bouwinstallatie, n.e.g.
Bouwrijp maken van terreinen
Landschapsverzorging
Installatie van isolatie
Algemene bouw van residentiële gebouwen
Schrijnwerk
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
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