ACTIVE

GREENBUILD

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Financial year 2025 · closed on 30/12/2025

Net result

132,8 k €

+211417.9% YoY

Gross margin

184,2 k €

+1578.6% YoY

Equity

329,6 k €

+67.5% YoY

What does GREENBUILD do?

GREENBUILD is a Public limited company incorporated in 2009. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0809.695.325

Incorporation

09/02/2009

Legal form

Public limited company

Registered office

Krommehamlaan 23
9031 Gent · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011		2010
Income statement
Gross margin	184,2 k €	+1579%	11 k €	-22.1%	14,1 k €	-4.8%	14,8 k €	+273%	4 k €	+924%	-481,4 €	-101%	54,9 k €	+381%	11,4 k €	-97.0%	384,9 k €	+202%	127,2 k €	-62.3%	337,6 k €	+256%	94,8 k €	+465%	16,8 k €	+646%	-3,1 k €	-110%	29,2 k €
EBITDA	180,7 k €	+2217%	7,8 k €	-29.3%	11 k €	+2.3%	10,8 k €	+709%	1,3 k €	-98.3%	80,6 k €	-15.4%	95,3 k €	+816%	10,4 k €	-96.0%	258,9 k €	+105%	126,1 k €	-62.2%	334,1 k €	+260%	92,7 k €	+469%	16,3 k €	+562%	-3,5 k €	-112%	28,4 k €
Operating result	180,7 k €	+136015%	132,8 €	-96.1%	3,4 k €	+7.8%	3,1 k €	+149%	-6,3 k €	-108%	77 k €	+13.4%	67,9 k €	+1054%	5,9 k €	-97.7%	258,1 k €	+106%	125,3 k €	+180%	-156,9 k €	-560%	-23,8 k €	-294%	12,3 k €	+397%	-4,1 k €	-115%	27,5 k €
Net result	132,8 k €	+211418%	62,8 €	-98.0%	3,2 k €	+7.2%	3 k €	+146%	-6,4 k €	-111%	57,1 k €	+24.1%	46 k €	+849%	4,8 k €	-97.1%	169,6 k €	+66.1%	102,1 k €	+272%	-59,3 k €	-230%	45,7 k €	+347%	10,2 k €	+372%	-3,8 k €	-118%	20,6 k €
Balance sheet
Equity	329,6 k €	+67.5%	196,8 k €	+0.0%	196,7 k €	+1.6%	193,5 k €	+1.6%	190,6 k €	-3.3%	197 k €	+40.8%	139,9 k €	-50.4%	281,9 k €	+1.7%	277,1 k €	+158%	107,4 k €	+125%	47,8 k €	-55.4%	107,2 k €	+20.4%	89 k €	+13.0%	78,8 k €	-4.6%	82,6 k €
Total assets	415,6 k €	+103%	204,5 k €	-4.7%	214,5 k €	-2.9%	220,9 k €	-6.7%	236,8 k €	-25.1%	316 k €	+15.3%	273,9 k €	-55.8%	619,4 k €	+1.6%	609,8 k €	-39.3%	1 M €	+16.8%	860,1 k €	-24.7%	1,1 M €	+25.5%	910 k €	+14.1%	797,7 k €	+370%	169,6 k €
Cash	415,6 k €	+23928%	1,7 k €	-57.6%	4,1 k €	+47.4%	2,8 k €	-74.7%	11 k €	-58.3%	26,3 k €	+1462%	1,7 k €	-56.4%	3,9 k €	-9.5%	4,3 k €	+395%	862,9 €	-67.1%	2,6 k €	+253%	742,8 €	-95.3%	15,7 k €	+1977%	755,3 €	-99.5%	154,3 k €
Debts	86,1 k €	+1008%	7,8 k €	-56.5%	17,8 k €	-34.8%	27,4 k €	-40.7%	46,2 k €	-61.2%	119 k €	+133%	51 k €	-76.0%	212,4 k €	+2.3%	207,7 k €	-76.8%	897,1 k €	+10.4%	812,3 k €	-21.5%	1 M €	+26.0%	821 k €	+14.2%	718,9 k €	+726%	87 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/12/2025 · 2 active · 13 ended

Active mandates

Inspiring Cycling Homes

Director · since 11 juin 2022 · until 11 juin 2028 · 0479.337.574

Represented by Olivier Kesteleyn

Active

Ad Opes

Director · since 10 juin 2022 · until 11 juin 2028 · 0820.911.394

Represented by Pascal VAnde Velde

Active

Ended mandates

Ad Opes

Managing director · since 10 juin 2016 · until 11 juin 2021 · 0820.911.394

Represented by Pascal VAnde Velde

Ended

Inspiring Cycling Homes

Managing director · since 10 juin 2016 · until 11 juin 2021 · 0479.337.574

Represented by OLIVIER KESTELEYN

Ended

Mar Max

Managing director · since 10 juin 2016 · until 11 juin 2021 · 0807.260.031

Represented by Oliveir Kesteleyn

Ended

PASCAL VANDE VELDE

Managing director · since 10 juin 2016 · until 11 juin 2021

Ended

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	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	30/12/2025	30/12/2024	30/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	20/07/2026	06/08/2025	29/07/2024	31/08/2023	29/07/2022	28/06/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/12/2025	12/06/2026	20/07/2026	Dutch	PDF
Micro model	30/12/2024	13/06/2025	06/08/2025	Dutch	PDF
Micro model	30/12/2023	14/06/2024	29/07/2024	Dutch	PDF
Micro model	30/12/2022	09/06/2023	31/08/2023	Dutch	PDF
Micro model	30/12/2021	10/06/2022	29/07/2022	Dutch	PDF
Micro model	30/12/2020	11/06/2021	28/06/2021	Dutch	PDF
Micro model	30/12/2019	12/06/2020	19/08/2020	Dutch	PDF
Micro model	30/12/2018	14/06/2019	24/07/2019	Dutch	PDF
Micro model	30/12/2017	08/06/2018	25/06/2018	Dutch	PDF
Abridged model	30/12/2016	09/06/2017	05/07/2017	Dutch	PDF
Abridged model	30/12/2015	10/06/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	29/09/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	30/08/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/12/2025 · 2 active · 13 ended

Active mandates

Inspiring Cycling Homes

Director · since 11 juin 2022 · until 11 juin 2028 · 0479.337.574

Represented by Olivier Kesteleyn

Active

Ad Opes

Director · since 10 juin 2022 · until 11 juin 2028 · 0820.911.394

Represented by Pascal VAnde Velde

Active

Ended mandates

Ad Opes

Managing director · since 10 juin 2016 · until 11 juin 2021 · 0820.911.394

Represented by Pascal VAnde Velde

Ended

Inspiring Cycling Homes

Managing director · since 10 juin 2016 · until 11 juin 2021 · 0479.337.574

Represented by OLIVIER KESTELEYN

Ended

Mar Max

Managing director · since 10 juin 2016 · until 11 juin 2021 · 0807.260.031

Represented by Oliveir Kesteleyn

Ended

PASCAL VANDE VELDE

Managing director · since 10 juin 2016 · until 11 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2015
ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/05/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/04/2009
ONTSLAGEN - BENOEMINGEN
PDF
Other18/02/2009
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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 2025132,8 k €↑
2024
Annual accounts 202462,8 €↓
2023
Annual accounts 20233,2 k €↑
2022
Annual accounts 20223 k €↑
2021
Annual accounts 2021-6,4 k €↓
2020
Annual accounts 202057,1 k €↑
2019
Annual accounts 201946 k €↑
2018
Annual accounts 20184,8 k €↓
2017
Annual accounts 2017169,6 k €↑
2016
Annual accounts 2016102,1 k €↑
2015
Annual accounts 2015-59,3 k €↓
2013
Annual accounts 201345,7 k €↑
2012
Annual accounts 201210,2 k €↑
2011
Annual accounts 2011-3,8 k €↓
2010
Annual accounts 201020,6 k €
09/02/2009
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

GREENBUILD

Overview

What does GREENBUILD do?

Trend over 15 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