Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GREEN MASTERS from Antwerpen, company number BE0832152607, closed financial year 2025 with a result of € 172,587 after tax. For that financial year GREEN MASTERS recorded revenue of € 2.4 million and equity of € -292,669. Compared with financial year 2024, the result moved from € -207,438 to € 172,587. Profitable, and profit is growing. 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 July 7, 2026.
€ -292,669
▲ € 172,587 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 172,587
▲ still € 207,438 loss in 2024
Profit after tax over the fiscal year.
€ 1,404
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -442,669.
People and assets in 2025
26.3
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 12% vs 2024
€ 45,300 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.
€ 118,741
▼ 9% vs 2024
Of which on lease € 101,138.
Debts at end 2025
€ 67,332
▼ 26% vs 2024
€ 42,355 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 160,038
▲ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 149,458
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 2,011,370 | € 2,446,999 | ▲ 22% |
| Gross margin | € 842,513 | € 1,105,070 | - | - | |
| Profit after taxes | € -223,686 | € -277,438 | € -207,438 | € 172,587 | ▲ € 380,025 |
| Equity | € 19,621 | € -257,818 | € -465,256 | € -292,669 | ▲ € 172,587 |
| Total debts | € 569,074 | € 1,110,873 | € 1,209,226 | € 784,125 | ▼ 35% |
| Cash | € 2,042 | € 1,766 | € 1,744 | € 1,404 | ▼ 19% |
| Retained profit | € -130,379 | € -407,818 | € -615,256 | € -442,669 | ▲ € 172,587 |
| Bank debt | € 208,102 | € 149,298 | € 91,523 | € 67,332 | ▼ 26% |
| Balance sheet total | € 588,694 | € 853,055 | € 743,970 | € 491,456 | ▼ 34% |
| Employees (FTE) | 22.5 | 24.3 | 26.3 | 26.3 |
Key figures of GREEN MASTERS, 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 MASTERS?
What happened at GREEN MASTERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 172,587. Source: NBB ↗
- Paelinck Philip BV stepped down as director. NBB
- MM Holding NV stepped down as director. NBB
- Paelinck Philip BV became a director. NBB
- MM Holding NV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 223,686 loss in 2022 to € 172,587 profit in 2025.
Paid € 49,586 in corporate taxes since 2022.
Best year ever: 2025, with € 172,587 profit.
On average € 45,500 of value added per employee in 2023.
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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 MM HOLDING, CLEANING MASTERS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GREEN MASTERSThe shares are held by MM HOLDING (99.9%) and CLEANING MASTERS (0.1%).
Directors
According to the 2025 annual accounts
Managing director · represented by Philip Paelinck
Also active at: CLEANING MASTERS, SCHAKEL INVEST, Vanden Broele, MOBILITY MASTERS, MM HOLDING, Maintenance Masters, ReCrewtment, P & P Operations +3 more
since 2021 · until 2026
Managing director · represented by Nicolas De Schutter
Also active at: The Future Alliance, Techni Masters, Construct Masters
since 2021 · until 2026
Shareholders
99.9%
0.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oostkaai 9-12A
2170 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →CLEANING MASTERS same network
€ 177.3 million revenue · 2025
MOBILITY MASTERS same network
€ 62.7 million revenue · 2025
MM HOLDING same network
€ 380,326 revenue · 2025
SAMBAT 1
€ 82,617 gross margin · 2025
SAMBAT 2
€ 185,212 gross margin · 2025
+3 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
- 0832.152.607
- VAT number
- BE 0832.152.607
- Registered office
- Oostkaai 9-12A, 2170 Antwerpen
- Names & denominations
- GREEN MASTERS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 2010
- Peppol
- Active · Active since 10 Apr 2024
- Activities · NACE
Landschapsverzorging