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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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; 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 2025
Greenpine from Mouscron, company number BE0834791304, closed financial year 2025 with a result of € 902,332 after tax. For that financial year Greenpine recorded a gross margin of € -4,199 and equity of € 4.8 million. Compared with financial year 2024, the result moved from € 708 to € 902,332. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 15, 2025.
€ 4.8 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 902,332
▲ € 901,624 vs 2024
Profit after tax over the fiscal year.
€ 106,291
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 899,200 paid out
100 % of the profit went to the shareholders, mostly to BXB COMPANY (100 % of the shares). That is where the money ends up.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,173
▼ 15% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -3,585 | € -3,624 | € -5,615 | € -4,199 | ▲ € 1,416 |
| Profit after taxes | € 1,361 | € 3,104 | € 708 | € 902,332 | ▲ € 901,624 |
| Equity | € 4,835,142 | € 4,838,246 | € 4,838,954 | € 4,842,086 | |
| Total debts | € 1,635 | € 1,998 | € 5,558 | € 901,503 | ▲ € 895,945 |
| Cash | € 296,378 | € 306,370 | € 311,017 | € 106,291 | ▼ 66% |
| Retained profit | € 234,370 | € 237,474 | € 238,182 | € 241,314 | ▲ 1% |
| Dividend | € 0 | € 0 | € 0 | € 899,200 | |
| Balance sheet total | € 4,836,777 | € 4,840,244 | € 4,844,513 | € 5,743,589 | ▲ 19% |
Key figures of Greenpine, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Greenpine?
What happened at Greenpine in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LBL BUSINESS SRL stepped down as director. NBB
- RXN INVEST SPRL stepped down as director. NBB
- BXB COMPANY SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 902,332 (▲ € 901,624 vs 2024). Source: NBB ↗
- LBL BUSINESS SRL became a director. NBB
- RXN INVEST SPRL became a director. NBB
- BXB COMPANY SA became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1,361 profit in 2022 to € 902,332 profit in 2025.
Paid € 3,056 in corporate taxes since 2022.
Best year ever: 2025, with € 902,332 profit.
Paid out € 899,200 in dividends to the owners in total.
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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 BXB COMPANY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GreenpineThe shares are held by BXB COMPANY (100%). It owns 99.9% of FERONYL, 99.5% of DEDECKER PRECISION MECHANICS and 96% of TECNOLON WORKS itself.
Directors
According to the 2025 annual accounts
Managing director · represented by XAVIER DEDECKER
Also active at: GRIMONPREZ TRANSMISSION GEARS, GEARING INDUSTRY, BXB COMPANY, SUB-Alliance, SOCIETE IMMOBILIERE DES BRASSEURS
since 2023 · until 2029
Managing director · represented by Béatrice DEDECKER
Also active at: Feronyl, Tecnolon Works, Dedecker Precision Mechanics, BXB COMPANY, SUB-Alliance, CELI-MO
since 2024 · until 2030
Managing director · represented by BRUNO DEDECKER
Also active at: Feronyl, Tecnolon Works, Dedecker Precision Mechanics, CELI-MO
since 2023 · until 2029
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Industriëlaan 97 box c
7700 Mouscron
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0834.791.304
- VAT number
- BE 0834.791.304
- Registered office
- Industriëlaan 97 bus c, 7700 Mouscron
- Names & denominations
- Greenpine
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 2011
- Peppol
- Not registered