ACTIVE

Immo Greenbow

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Financial year 2025 · closed on 31/10/2025

Net result

127,1 k €

-1.3% YoY

Gross margin

180,8 k €

-0.9% YoY

Equity

573,3 k €

+10.5% YoY

What does Immo Greenbow do?

Immo Greenbow is a Private limited company incorporated in 1977. Its registered office is in Zedelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.082.083

Incorporation

13/04/1977

Legal form

Private limited company

Registered office

Faliestraat 40 box b
8210 Zedelgem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/10/2025

Joint committees (2)

14904
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	180,8 k €	-0.9%	182,4 k €	-52.9%	387,7 k €	+273%	104,1 k €	+8.1%	96,3 k €	+7.9%	89,2 k €	+29.9%	68,7 k €	-20.4%	86,3 k €	+63.1%	52,9 k €	-9.4%	58,4 k €	+3.1%	56,7 k €	+17.8%	48,1 k €	+3.9%	46,3 k €	+37.5%	33,7 k €	-33.8%	50,9 k €	+154%	20 k €
EBITDA	171,9 k €	-1.1%	173,8 k €	-54.0%	378 k €	+299%	94,8 k €	+190%	32,7 k €	-59.2%	80,2 k €	+33.8%	60 k €	-21.8%	76,7 k €	+76.8%	43,4 k €	-10.5%	48,5 k €	+1.7%	47,7 k €	+20.5%	39,6 k €	+3.6%	38,2 k €	+42.1%	26,9 k €	-39.2%	44,3 k €	+219%	13,9 k €
Operating result	170,1 k €	-1.0%	171,9 k €	-54.3%	376,2 k €	+435%	70,4 k €	+20588%	340,2 €	-99.4%	58,8 k €	+53.4%	38,3 k €	-30.1%	54,8 k €	+153%	21,6 k €	-18.6%	26,6 k €	+1.2%	26,3 k €	+49.6%	17,6 k €	+13.5%	15,5 k €	+307%	3,8 k €	-90.8%	41,3 k €	+347%	-16,7 k €
Net result	127,1 k €	-1.3%	128,8 k €	-53.3%	276 k €	+534%	43,6 k €	+402%	-14,4 k €	-151%	28,2 k €	+44.0%	19,6 k €	-44.2%	35 k €	+9417%	368 €	-91.9%	4,5 k €	+31.2%	3,4 k €	+156%	-6,1 k €	+28.4%	-8,6 k €	+55.8%	-19,4 k €	-192%	21,1 k €	+193%	-22,7 k €
Balance sheet
Equity	573,3 k €	+10.5%	518,8 k €	+11.9%	463,6 k €	+110%	221,2 k €	+147%	89,7 k €	-13.9%	104,1 k €	+37.1%	75,9 k €	+34.7%	56,4 k €	+164%	21,4 k €	+1.8%	21 k €	+27.4%	16,5 k €	+26.4%	13 k €	-32.0%	19,2 k €	-30.9%	27,7 k €	-41.1%	47,1 k €	+81.0%	26 k €
Total assets	729,9 k €	+22.8%	594,1 k €	+18.3%	502,1 k €	+21.0%	414,8 k €	-3.8%	431 k €	-3.9%	448,4 k €	-1.1%	453,3 k €	-1.5%	460,2 k €	-0.4%	462 k €	-3.6%	479,2 k €	-3.6%	497,2 k €	-3.3%	514,4 k €	-3.7%	534,1 k €	-3.6%	554,1 k €	-9.9%	614,7 k €	+55.9%	394,4 k €
Cash	149,9 k €	-59.0%	365,8 k €	-15.5%	432,7 k €	+417%	83,6 k €	+356%	18,3 k €	-69.2%	59,5 k €	+61.5%	36,8 k €	+29.5%	28,4 k €	+495%	4,8 k €	-24.3%	6,3 k €	-11.3%	7,1 k €	+147%	2,9 k €	-28.4%	4 k €	+222%	1,3 k €	-98.5%	84,5 k €		–
Debts	150,3 k €	+99.6%	75,3 k €	+95.8%	38,4 k €	-79.1%	183,8 k €	-46.1%	341,3 k €	-0.6%	343,3 k €	-8.8%	376,2 k €	-6.6%	402,6 k €	-8.4%	439,3 k €	-3.8%	456,8 k €	-4.7%	479,3 k €	-4.1%	499,8 k €	-2.6%	513,4 k €	-2.2%	524,7 k €	-7.3%	566 k €	+54.1%	367,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/10/2025 · 1 active · 12 ended

Active mandates

Kevin Fernand Vandevelde

Director

Active

Ended mandates

Noël Vanraes

Director · since 16 février 2016

Ended

Noël VANRAES

Manager · since 16 février 2016

Ended

Noël VANRAES

Managing director · since 01 avril 2008

Ended

Noël VANRAES

Managing director · since 31 mars 2008

Ended

At this address

Other companies at this address

Company	CBE no.
Delipa● Active	0765.391.564
VANDTRA● Active	0877.770.618

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/11/2024	01/11/2023	01/11/2022	01/11/2021	01/11/2020	01/11/2019
Closing of the financial year	31/10/2025	31/10/2024	31/10/2023	31/10/2022	31/10/2021	31/10/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/03/2026	27/03/2025	14/03/2024	27/02/2023	01/03/2022	25/02/2021
General meeting	23/02/2026	24/02/2025	26/02/2024	27/02/2023	28/02/2022	22/02/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/10/2025	23/02/2026	12/03/2026	Dutch	PDF
Micro model	31/10/2024	24/02/2025	27/03/2025	Dutch	PDF
Micro model	31/10/2023	26/02/2024	14/03/2024	Dutch	PDF
Micro model	31/10/2022	27/02/2023	27/02/2023	Dutch	PDF
Micro model	31/10/2021	28/02/2022	01/03/2022	Dutch	PDF
Micro model	31/10/2020	22/02/2021	25/02/2021	Dutch	PDF
Micro model	31/10/2019	19/02/2020	20/02/2020	Dutch	PDF
Micro model	31/10/2018	25/02/2019	19/03/2019	Dutch	PDF
Micro model	31/10/2017	26/02/2018	09/03/2018	Dutch	PDF
Abridged model	31/10/2016	27/02/2017	10/03/2017	Dutch	PDF
Abridged model	31/10/2015	16/02/2016	18/02/2016	Dutch	PDF
Abridged model	31/10/2014	23/02/2015	17/03/2015	Dutch	PDF
Abridged model	31/10/2013	24/02/2014	21/03/2014	Dutch	PDF
Abridged model	31/10/2012	25/02/2013	14/03/2013	Dutch	PDF
Abridged model	31/10/2011	27/02/2012	23/03/2012	Dutch	PDF
Abridged model	31/10/2010	31/03/2011	05/04/2011	Dutch	PDF
Abridged model	31/10/2009	22/02/2010	19/03/2010	Dutch	PDF
Abridged model	31/10/2008	23/02/2009	02/03/2009	Dutch	PDF
Abridged model	31/10/2007	31/03/2008	18/04/2008	Dutch	PDF
Abridged model	31/10/2006	26/02/2007	19/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/10/2025 · 1 active · 12 ended

Active mandates

Kevin Fernand Vandevelde

Director

Active

Ended mandates

Noël Vanraes

Director · since 16 février 2016

Ended

Noël VANRAES

Manager · since 16 février 2016

Ended

Noël VANRAES

Managing director · since 01 avril 2008

Ended

Noël VANRAES

Managing director · since 31 mars 2008

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other16/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING
PDF
Mandates12/06/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates07/03/2016
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Registered office23/10/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/04/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/05/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/04/2006
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring22/03/2005
MAATSCHAPPELIJKE ZETEL - BENAMING - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025127,1 k €↓
2024
Annual accounts 2024128,8 k €↓
2023
Annual accounts 2023276 k €↑
2023
Name changeImmo Greenbow
2022
Annual accounts 202243,6 k €↑
2022
Name changeVanraes Immo
2018
Annual accounts 2018-14,4 k €↓
2017
Annual accounts 201728,2 k €↑
2016
Annual accounts 201619,6 k €↓
2015
Annual accounts 201535 k €↑
2014
Annual accounts 2014368 €↓
2013
Annual accounts 20134,5 k €↑
2012
Annual accounts 20123,4 k €↑
2011
Annual accounts 2011-6,1 k €↑
2010
Annual accounts 2010-8,6 k €↑
2009
Annual accounts 2009-19,4 k €↓
2008
Annual accounts 200821,1 k €↑
2007
Annual accounts 2007-22,7 k €
13/04/1977
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Immo Greenbow

Overview

What does Immo Greenbow do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline