Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GREEN FARM from Kortemark, company number BE0878248094, closed financial year 2025 with a result of € -70,809 after tax. For that financial year GREEN FARM recorded revenue of € 27.2 million and equity of € 104,227. Compared with financial year 2024, the result moved from € 23,395 to € -70,809. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 104,227
▼ 41% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -70,809
▼ still € 23,395 profit in 2024
Profit after tax over the fiscal year.
€ 25,159
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 93,507.
People and assets in 2025
10.4
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 605,196
▼ 15% vs 2024
€ 58,200 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.
€ 451,447
▼ 31% vs 2024
Of which on lease € 451,447.
Debts at end 2025
€ 754,746
▼ 27% vs 2024
€ 260,421 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 6.8 million
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 87 days on average.
€ 71,776
▼ 42% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,316,917 | € 20,084,675 | € 21,694,328 | € 27,189,385 | ▲ 25% |
| Profit after taxes | € -35,492 | € 28,528 | € 23,395 | € -70,809 | ▼ € 94,204 |
| Equity | € 126,113 | € 154,892 | € 175,461 | € 104,227 | ▼ 41% |
| Total debts | € 5,965,467 | € 7,267,890 | € 9,121,733 | € 8,875,405 | ▼ 3% |
| Cash | € 28,285 | € 44,783 | € 34,202 | € 25,159 | ▼ 26% |
| Retained profit | € 112,393 | € 140,921 | € 164,316 | € 93,507 | ▼ 43% |
| Bank debt | € 1,023,455 | € 828,139 | € 1,029,733 | € 754,746 | ▼ 27% |
| Balance sheet total | € 6,091,581 | € 7,451,732 | € 9,333,480 | € 8,979,632 | ▼ 4% |
| Employees (FTE) | 11.3 | 9.6 | 9.3 | 10.4 | ▲ 1.1 |
Key figures of GREEN FARM, 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 FARM?
What happened at GREEN FARM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 70,809 (▼ € 94,204 vs 2024). Source: NBB ↗
- Bert Maertens became a director. NBB
- Agri Chicon BV became a director. NBB
- Jan Stoens became a director. NBB
- Agricolas BV became a director. NBB
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
- Willy Vandenbrande became a director. NBB
In short
From € 35,492 loss in 2022 to € 70,809 loss in 2025.
Paid € 21,864 in corporate taxes since 2022.
Best year ever: 2023, with € 28,528 profit.
Pays suppliers within 87 days on average.
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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 VERDUYN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GREEN FARMBehind GREEN FARM are Willy Vandenbrande, Bert Maertens, Jan Stoens, Agri Chicon BV and Agricolas BV. The shares are held by VERDUYN (23.1%).
Directors
According to the 2025 annual accounts
Willy Vandenbrande
Director
since 2005
Bert Maertens
Director
since 2024
Jan Stoens
Managing director
since 2023
Director · represented by Vertongen Lore
since 2024
Director · represented by Verduyn Nicolas
since 2015
Shareholders
23.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Galgestraat 9
8610 Kortemark
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0878.248.094
- VAT number
- BE 0878.248.094
- Registered office
- Galgestraat 9, 8610 Kortemark
- Names & denominations
- GREEN FARM
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 29 December 2005
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Groothandel in groenten en fruit, muv consumptieaardappelen
Groothandel in groenten en fruit