ACTIVE

GREEN-BEL

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Financial year 2025 · closed on 31/12/2025

Net result

-140,1 k €

-819.1% YoY

Gross margin

435 k €

-36.0% YoY

Equity

565 k €

-68.7% YoY

What does GREEN-BEL do?

GREEN-BEL is a Private limited company incorporated in 2009. Its main activity is: Production of electricity. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0818.058.408

Incorporation

26/08/2009

Legal form

Private limited company

Registered office

Industrielaan 5
8790 Waregem · FlandreSee on map

Contributed capital

513 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 46643Wholesale of machinery for the textile industry and of sewing and knitting machines 46693Wholesale of other machinery and equipment

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	435 k €	-36.0%	679,5 k €	+8.8%	624,4 k €	-53.6%	1,3 M €	+48.3%	908,5 k €	-5.7%	962,9 k €	-0.1%	964 k €	-7.6%	1 M €	+14.9%	908,3 k €	-7.2%	978,8 k €	-2.2%	1 M €	+1.3%	987,9 k €	+11.8%	883,9 k €	+6.9%	827,1 k €	+25.7%	657,9 k €	+19482%	-3,4 k €
EBITDA	433,9 k €	-36.0%	677,8 k €	+21.4%	558,3 k €	-58.5%	1,3 M €	+48.3%	907,3 k €	-5.7%	961,8 k €	-0.1%	963 k €	-7.7%	1 M €	+307%	-502,6 k €	-151%	977,8 k €	-2.3%	1 M €	+1.3%	987,7 k €	+11.7%	883,8 k €	+7.0%	825,9 k €	+25.6%	657,4 k €	+17226%	-3,8 k €
Operating result	-26,2 k €	-111%	243,5 k €	+363%	52,5 k €	-93.7%	839,8 k €	+109%	401,5 k €	-12.0%	456,1 k €	-0.3%	457,3 k €	-14.9%	537,1 k €	+153%	-1 M €	-314%	472 k €	-4.7%	495,1 k €	+2.7%	482 k €	+27.5%	378,1 k €	+16.1%	325,8 k €	-43.1%	572,5 k €	+15015%	-3,8 k €
Net result	-140,1 k €	-819%	19,5 k €	-94.1%	330,8 k €	-41.0%	561,1 k €	+156%	219,1 k €	-12.0%	248,9 k €	+9.4%	227,5 k €	-18.6%	279,6 k €	+122%	-1,3 M €	-870%	168 k €	-3.0%	173,2 k €	+24.1%	139,6 k €	+620%	19,4 k €	+139%	-50,3 k €	-110%	505,1 k €	+13274%	-3,8 k €
Balance sheet
Equity	565 k €	-68.7%	1,8 M €	+1.1%	1,8 M €	-11.6%	2 M €	+33.0%	1,5 M €	-19.3%	1,9 M €	+11.2%	1,7 M €	+11.0%	1,5 M €	+16.9%	1,3 M €	-50.9%	2,7 M €	+4.2%	2,6 M €	-5.1%	2,7 M €	+3.1%	2,6 M €	-1.5%	2,6 M €	-11.9%	3 M €	+70.3%	1,8 M €
Total assets	4,9 M €	-7.4%	5,3 M €	-12.6%	6 M €	-24.8%	8 M €	+3.3%	7,8 M €	-8.9%	8,5 M €	-2.3%	8,7 M €	-2.2%	8,9 M €	-1.1%	9 M €	-2.8%	9,3 M €	-2.0%	9,5 M €	-4.7%	10 M €	-1.6%	10,1 M €	-3.6%	10,5 M €	-6.7%	11,2 M €	-17.3%	13,6 M €
Cash	–		–		–		–		1,2 M €	-2.1%	1,2 M €	+22.0%	988,4 k €	+73.2%	570,8 k €	-54.4%	1,3 M €	+21.7%	1 M €	+26.3%	814,4 k €	+50.0%	542,8 k €	+32.5%	409,5 k €	+161%	157,1 k €	+41.5%	111 k €	+628%	15,2 k €
Debts	4,3 M €	+24.5%	3,5 M €	-17.1%	4,2 M €	-9.0%	4,6 M €	-5.1%	4,8 M €	-7.5%	5,2 M €	-6.9%	5,6 M €	-6.1%	6 M €	-5.1%	6,3 M €	-4.8%	6,6 M €	-4.4%	6,9 M €	-4.5%	7,3 M €	-3.1%	7,5 M €	-4.4%	7,8 M €	-4.8%	8,2 M €	-30.4%	11,8 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

F. CRAS CONSULT

Director · 0680.993.844

Represented by Frédéric Cras

Active

Ended mandates

FREDERIC CRAS

Manager · since 31 mai 2013 · until 31 mai 2019

Ended

Frédéric Cras

Manager · since 03 mai 2013 · until 28 juin 2019

Ended

FREDERIC CRAS

Director

Ended

FREDERIC CRAS

Manager · until 31 mai 2019

Ended

At this address

Other companies at this address

Company	CBE no.
BELGIAN TIMBER● Active	0809.271.097
CIE DUBOIS - STOCKMANS● Active	0415.225.128
CRAS● Active	0882.268.745
Firma Cras● Active	0405.398.137
GROEP CRAS● Active	0838.617.062
Industriezone Waregem-Zuid● Active	0846.120.508
Jules Renard● Active	0412.711.739
Te Smoor● Active	0466.562.179

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	01/01/2020
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	12 months
Filing date	28/08/2026	27/08/2025	30/09/2024	04/09/2023	29/09/2022	30/09/2021
General meeting	27/08/2026	25/08/2025	30/09/2024	31/08/2023	28/09/2022	26/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/08/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	25/08/2025	27/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/09/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	31/08/2023	04/09/2023	Dutch	PDF
Abridged model	31/12/2021	28/09/2022	29/09/2022	Dutch	PDF
Abridged model	31/12/2020	26/06/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	30/10/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	11/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	10/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	12/07/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 8 ended

Active mandates

F. CRAS CONSULT

Director · 0680.993.844

Represented by Frédéric Cras

Active

Ended mandates

FREDERIC CRAS

Manager · since 31 mai 2013 · until 31 mai 2019

Ended

Frédéric Cras

Manager · since 03 mai 2013 · until 28 juin 2019

Ended

FREDERIC CRAS

Director

Ended

FREDERIC CRAS

Manager · until 31 mai 2019

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/04/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/11/2021
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates14/06/2013
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/02/2013
KAPITAAL - AANDELEN
PDF
Capital / shares02/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other04/09/2009
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 2025-140,1 k €↓
2024
Annual accounts 202419,5 k €↓
2023
Annual accounts 2023330,8 k €↓
2022
Annual accounts 2022561,1 k €↑
2021
Annual accounts 2021219,1 k €↓
2020
Annual accounts 2020248,9 k €↑
2019
Annual accounts 2019227,5 k €↓
2018
Annual accounts 2018279,6 k €↑
2017
Annual accounts 2017-1,3 M €↓
2016
Annual accounts 2016168 k €↓
2015
Annual accounts 2015173,2 k €↑
2014
Annual accounts 2014139,6 k €↑
2013
Annual accounts 201319,4 k €↑
2012
Annual accounts 2012-50,3 k €↓
2011
Annual accounts 2011505,1 k €↑
2010
Annual accounts 2010-3,8 k €
26/08/2009
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

GREEN-BEL

Overview

What does GREEN-BEL 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