ACTIVE

GREEN ROAD

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Financial year 2025 · closed on 31/12/2025

Net result

315,1 k €

-14.5% YoY

Gross margin

921,2 k €

+2.2% YoY

Equity

1,2 M €

+37.5% YoY

Workforce

7,2 ETP

+10.8% YoY

What does GREEN ROAD do?

GREEN ROAD is a Public limited company incorporated in 2002. Its main activity is: Construction of roads and motorways. Its registered office is in Wichelen. It employs on average 7,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.383.322

Incorporation

12/04/2002

Legal form

Public limited company

Registered office

Brugstraat 16 C
9260 Wichelen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

7,2 ETP

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways 45230Maintenance and repair of motor vehicles 43120Site preparation 43120Site preparation

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	921,2 k €	+2.2%	901,7 k €	+109%	431,5 k €	-28.8%	606 k €	-24.5%	802,8 k €	-2.5%	823 k €	-31.0%	1,2 M €	-4.6%	1,2 M €	+26.9%	984,9 k €	+18.2%	833,4 k €	+4.2%	799,5 k €	+84.3%	433,9 k €	-39.5%	717,7 k €	-4.6%	752,4 k €	+18.7%	633,8 k €	+19.5%	530,5 k €	-12.4%	605,6 k €	+0.3%	604 k €	-19.2%	748 k €
EBITDA	498,6 k €	-8.0%	542,1 k €	+763%	62,8 k €	-65.3%	181 k €	-59.6%	448,1 k €	+23.5%	362,8 k €	-57.9%	861,2 k €	-10.4%	960,8 k €	+37.4%	699,4 k €	+28.0%	546,6 k €	-4.5%	572,3 k €	+134%	244,5 k €	-53.6%	527,4 k €	-12.0%	599,2 k €	+28.7%	465,4 k €	+15.4%	403,2 k €	-15.1%	474,8 k €	-2.0%	484,7 k €	-25.5%	650,3 k €
Operating result	364 k €	-8.4%	397,4 k €	+600%	-79,4 k €	-240%	56,9 k €	-81.2%	302 k €	+122%	136,2 k €	-78.2%	625,3 k €	+23.1%	508,1 k €	+35.4%	375,2 k €	+110%	178,4 k €	-40.8%	301,1 k €	+23565%	-1,3 k €	-100%	336,7 k €	-10.5%	376,3 k €	+80.3%	208,7 k €	+110%	99,3 k €	-69.0%	320,6 k €	+78.5%	179,6 k €	-37.4%	287 k €
Net result	315,1 k €	-14.5%	368,4 k €	+348%	-148,7 k €	-567%	31,9 k €	-89.9%	315,5 k €	+159%	121,9 k €	-75.6%	499,3 k €	+1.2%	493,4 k €	+29.8%	380 k €	+74.0%	218,4 k €	-29.4%	309,3 k €	+2301%	12,9 k €	-94.7%	243 k €	-9.3%	267,9 k €	+78.8%	149,8 k €	+109%	71,6 k €	-67.0%	217 k €	+65.8%	130,9 k €	-29.2%	184,9 k €
Balance sheet
Equity	1,2 M €	+37.5%	840,9 k €	+78.0%	472,5 k €	-23.9%	621,2 k €	+5.4%	589,3 k €	+115%	273,8 k €	-87.3%	2,2 M €	+30.2%	1,7 M €	+14.8%	1,4 M €	+10.8%	1,3 M €	+4.7%	1,2 M €	+2.8%	1,2 M €	+1.1%	1,2 M €	-14.2%	1,4 M €	+23.9%	1,1 M €	+15.4%	972,9 k €	+7.9%	901,3 k €	+31.7%	684,3 k €	+21.9%	561,4 k €
Total assets	2,2 M €	+1.2%	2,2 M €	+17.7%	1,9 M €	+1.5%	1,8 M €	+4.7%	1,8 M €	+30.4%	1,3 M €	-48.9%	2,6 M €	+2.8%	2,6 M €	+23.7%	2,1 M €	+0.4%	2,1 M €	+2.2%	2 M €	+20.0%	1,7 M €	-10.5%	1,9 M €	+10.2%	1,7 M €	+20.9%	1,4 M €	-5.8%	1,5 M €	+3.0%	1,5 M €	+11.8%	1,3 M €	+48.4%	875,3 k €
Cash	259,9 k €	-18.3%	318,2 k €	-35.5%	493,1 k €	+47.6%	334,1 k €	-5.0%	351,8 k €	+50.8%	233,3 k €	-72.5%	847,7 k €	+49.1%	568,5 k €	+41.1%	402,9 k €	+7.9%	373,4 k €	-16.3%	446,3 k €	+102%	221 k €	-58.2%	528,3 k €	-5.6%	559,6 k €	+9.4%	511,4 k €	+70.1%	300,6 k €	+138%	126,4 k €	-60.5%	319,7 k €	+659%	42,1 k €
Debts	1 M €	-23.4%	1,3 M €	+3.7%	1,3 M €	+11.2%	1,1 M €	+2.0%	1,1 M €	+8.1%	1 M €	+123%	464,8 k €	-48.6%	905 k €	+43.9%	629 k €	-17.4%	761,1 k €	-1.8%	775,4 k €	+67.8%	462 k €	-31.2%	671,1 k €	+123%	301 k €	+5.3%	285,9 k €	-45.3%	522,4 k €	-5.1%	550,7 k €	-10.5%	615 k €	+98.0%	310,5 k €
Other
Workforce	7,2 ETP	+10.8%	6,5 ETP	0.0%	6,5 ETP	-9.7%	7,2 ETP	0.0%	7,2 ETP	+10.8%	6,5 ETP	-7.1%	7,0 ETP	+4.5%	6,7 ETP	+6.3%	6,3 ETP	-6.0%	6,7 ETP	+17.5%	5,7 ETP	+14.0%	5,0 ETP	+22.0%	4,1 ETP	+17.1%	3,5 ETP	-10.3%	3,9 ETP	-2.5%	4,0 ETP	+2.6%	3,9 ETP	+14.7%	3,4 ETP	+47.8%	2,3 ETP

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 31/12/2025 · 3 active · 28 ended

Active mandates

CACE

Managing director · since 23 mai 2022 · until 15 juin 2028 · 0744.439.465

Represented by Donck CÉDRIC

Active

Ivar Nijs

Director · since 23 mai 2022 · until 15 juin 2028

Active

NATURE FOREVER

Managing director · since 23 mai 2022 · until 15 juin 2028 · 0754.868.153

Represented by Moorkens AXEL

Active

Ended mandates

CACE

Managing director · since 23 mai 2022 · until 15 juin 2028 · 0744.439.465

Represented by Donck CÉDRIC

Ended

CACE

Managing director · since 26 février 2020 · until 18 juin 2026 · 0744.439.465

Represented by Cédric Donck

Ended

CACE

Managing director · since 26 février 2020 · until 18 juin 2026 · 0744.439.465

Represented by Cédric Donck

Ended

CACE

Managing director · since 24 janvier 2020 · until 20 mars 2026 · 0744.439.465

Represented by Cédric Donck

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	15 months
Filing date	18/06/2026	15/07/2025	21/06/2024	13/07/2023	06/07/2022	29/06/2021
General meeting	18/06/2026	15/07/2025	20/06/2024	30/06/2023	16/06/2022	17/06/2021
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
Abridged model	31/12/2025	18/06/2026	18/06/2026	Dutch	PDF
Abridged model	31/12/2024	15/07/2025	15/07/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	13/07/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	06/07/2022	Dutch	PDF
Abridged model	31/12/2020	17/06/2021	29/06/2021	Dutch	PDF
Abridged model	30/09/2019	20/03/2020	10/04/2020	Dutch	PDF
Abridged model	30/09/2018	29/03/2019	29/04/2019	Dutch	PDF
Abridged model	30/09/2017	16/03/2018	26/03/2018	Dutch	PDF
Abridged model	30/09/2016	31/03/2017	28/04/2017	Dutch	PDF
Abridged model	30/09/2015	18/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	20/03/2015	26/03/2015	Dutch	PDF
Abridged model	30/09/2013	27/12/2013	27/03/2014	Dutch	PDF
Abridged model	30/09/2012	29/11/2012	13/12/2012	Dutch	PDF
Abridged model	30/09/2011	16/03/2012	19/03/2012	Dutch	PDF
Abridged model	30/09/2010	18/03/2011	21/03/2011	Dutch	PDF
Abridged model	30/09/2009	19/03/2010	22/03/2010	Dutch	PDF
Abridged model	30/09/2008	21/03/2009	23/03/2009	Dutch	PDF
Abridged model	30/09/2007	21/03/2008	07/04/2008	Dutch	PDF
Abridged model	30/06/2006	31/12/2006	31/01/2007	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 31/12/2025 · 3 active · 28 ended

Active mandates

CACE

Managing director · since 23 mai 2022 · until 15 juin 2028 · 0744.439.465

Represented by Donck CÉDRIC

Active

Ivar Nijs

Director · since 23 mai 2022 · until 15 juin 2028

Active

NATURE FOREVER

Managing director · since 23 mai 2022 · until 15 juin 2028 · 0754.868.153

Represented by Moorkens AXEL

Active

Ended mandates

CACE

Managing director · since 23 mai 2022 · until 15 juin 2028 · 0744.439.465

Represented by Donck CÉDRIC

Ended

CACE

Managing director · since 26 février 2020 · until 18 juin 2026 · 0744.439.465

Represented by Cédric Donck

Ended

CACE

Managing director · since 26 février 2020 · until 18 juin 2026 · 0744.439.465

Represented by Cédric Donck

Ended

CACE

Managing director · since 24 janvier 2020 · until 20 mars 2026 · 0744.439.465

Represented by Cédric Donck

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates19/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/05/2014
ONTSLAGEN - BENOEMINGEN
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 2025315,1 k €↓
2024
Annual accounts 2024368,4 k €↑
2023
Annual accounts 2023-148,7 k €↓
2022
Annual accounts 202231,9 k €↓
2021
Annual accounts 2021315,5 k €↑
2020
Annual accounts 2020121,9 k €↓
2019
Annual accounts 2019499,3 k €↑
2018
Annual accounts 2018493,4 k €↑
2017
Annual accounts 2017380 k €↑
2016
Annual accounts 2016218,4 k €↓
2015
Annual accounts 2015309,3 k €↑
2014
Annual accounts 201412,9 k €↓
2013
Annual accounts 2013243 k €↓
2012
Annual accounts 2012267,9 k €↑
2011
Annual accounts 2011149,8 k €↑
2010
Annual accounts 201071,6 k €↓
2009
Annual accounts 2009217 k €↑
2008
Annual accounts 2008130,9 k €↓
2007
Annual accounts 2007184,9 k €
12/04/2002
IncorporationPublic 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

GREEN ROAD

Overview

What does GREEN ROAD do?

Trend over 19 financial years

Indicative valuation

Board of directors

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