ACTIVE

GREENTILE

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Financial year 2025 · closed on 31/12/2025

Net result

663,3 k €

+39.5% YoY

Gross margin

1,5 M €

+14.6% YoY

Equity

2,1 M €

-14.0% YoY

Workforce

0,0 ETP

What does GREENTILE do?

GREENTILE is a Public limited company incorporated in 2009. Its main activity is: Production of electricity. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0821.520.318

Incorporation

15/12/2009

Legal form

Public limited company

Registered office

Beneluxpark(Kor) 26 box .0002
8500 Kortrijk · FlandreSee on map

Contributed capital

518 600,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 35140Trade of electricity 35150Electric power generation, transmission and distribution

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		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	1,5 M €	+14.6%	1,3 M €	-25.3%	1,8 M €	-32.8%	2,6 M €	+42.9%	1,8 M €	+17.5%	1,6 M €	-10.3%	1,7 M €	-9.0%	1,9 M €	+15.2%	1,7 M €	-2.4%	1,7 M €	-6.1%	1,8 M €	-1.9%	1,9 M €	+7.8%	1,7 M €	-7.5%	1,9 M €		–		-3 k €
EBITDA	1,5 M €	+14.6%	1,3 M €	-17.5%	1,6 M €	-39.2%	2,6 M €	+42.9%	1,8 M €	+17.5%	1,6 M €	-10.3%	1,7 M €	-9.5%	1,9 M €	+15.9%	1,7 M €	-2.5%	1,7 M €	-6.1%	1,8 M €	-1.9%	1,9 M €	+7.8%	1,7 M €	-6.9%	1,9 M €	+1914%	91,9 k €	+2648%	-3,6 k €
Operating result	909,7 k €	+27.0%	716 k €	-38.3%	1,2 M €	-37.8%	1,9 M €	+50.7%	1,2 M €	+28.6%	962,4 k €	-15.7%	1,1 M €	-11.6%	1,3 M €	+33.9%	964,6 k €	+3.9%	928,7 k €	-2.6%	953,4 k €	+6.7%	893,9 k €	+37.1%	652 k €	-1.4%	661,4 k €	+790%	-95,9 k €	-2559%	-3,6 k €
Net result	663,3 k €	+39.5%	475,6 k €	-39.8%	789,4 k €	-40.5%	1,3 M €	+57.0%	845,8 k €	+35.6%	623,6 k €	-10.5%	697 k €	-11.6%	788,7 k €	+53.1%	515,2 k €	+7.4%	479,6 k €	-23.7%	628,5 k €	+18.8%	529,2 k €	+65.0%	320,7 k €	-39.4%	529,3 k €	+616%	-102,5 k €	-2748%	-3,6 k €
Balance sheet
Equity	2,1 M €	-14.0%	2,4 M €	-17.9%	2,9 M €	-16.5%	3,5 M €	+8.5%	3,2 M €	+4.4%	3,1 M €	+4.3%	3 M €	+10.1%	2,7 M €	-2.2%	2,8 M €	-4.8%	2,9 M €	+19.8%	2,4 M €	+35.1%	1,8 M €	+41.9%	1,3 M €	+34.1%	941,8 k €	+1176%	-87,5 k €	-105%	1,8 M €
Total assets	3,5 M €	-22.5%	4,5 M €	-27.8%	6,3 M €	-13.4%	7,2 M €	+1.4%	7,1 M €	-5.1%	7,5 M €	-5.9%	8 M €	-9.7%	8,9 M €	+1.1%	8,8 M €	-10.5%	9,8 M €	-11.3%	11 M €	-0.0%	11 M €	-9.1%	12,1 M €	-2.2%	12,4 M €	-21.8%	15,9 M €	+799%	1,8 M €
Cash	1,4 M €	-20.5%	1,8 M €	-42.3%	3,1 M €	-8.9%	3,4 M €	+25.3%	2,7 M €	+9.3%	2,5 M €	+7.4%	2,3 M €	-8.6%	2,6 M €	+32.6%	1,9 M €	-14.7%	2,3 M €	-17.9%	2,8 M €	+48.1%	1,9 M €	-6.6%	2 M €	+53.9%	1,3 M €	+9681%	13,3 k €	-18.7%	16,3 k €
Debts	1,4 M €	-32.2%	2,1 M €	-36.6%	3,3 M €	-6.4%	3,6 M €	-8.7%	3,9 M €	-11.8%	4,4 M €	-11.9%	5 M €	-18.4%	6,2 M €	+2.7%	6 M €	-13.0%	6,9 M €	-20.0%	8,6 M €	-6.8%	9,2 M €	-15.0%	10,9 M €	-5.2%	11,5 M €	-28.1%	15,9 M €	+916765%	1,7 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

ARTELCO

Director · since 08 avril 2021 · 0810.655.229

Represented by Dedeyne Siska

Active

Ended mandates

ARTELCO

Director · since 08 avril 2021 · 0810.655.229

Represented by Dedeyne SISKA

Ended

ARTELCO

Director · since 08 avril 2021 · 0810.655.229

Represented by Siska Dedeyne

Ended

Siska Dedeyne

Director · since 13 juin 2015

Ended

Siska Dedeyne

Manager · since 13 juin 2015

Ended

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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	16/07/2026	18/08/2025	18/07/2024	30/08/2023	17/06/2022	27/08/2021
General meeting	24/04/2026	25/04/2025	26/04/2024	28/04/2023	01/04/2022	30/06/2021
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	24/04/2026	16/07/2026	Dutch	PDF
Abridged model	31/12/2024	25/04/2025	18/08/2025	Dutch	PDF
Abridged model	31/12/2023	26/04/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	28/04/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	01/04/2022	17/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	12/07/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/08/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	22/07/2016	Dutch	PDF
Abridged model	31/12/2014	28/08/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	27/08/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	17/07/2012	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 10 M€ and 25 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 · 1 active · 11 ended

Active mandates

ARTELCO

Director · since 08 avril 2021 · 0810.655.229

Represented by Dedeyne Siska

Active

Ended mandates

ARTELCO

Director · since 08 avril 2021 · 0810.655.229

Represented by Dedeyne SISKA

Ended

ARTELCO

Director · since 08 avril 2021 · 0810.655.229

Represented by Siska Dedeyne

Ended

Siska Dedeyne

Director · since 13 juin 2015

Ended

Siska Dedeyne

Manager · since 13 juin 2015

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office05/01/2022
MAATSCHAPPELIJKE ZETEL
PDF
Other05/05/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates01/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/02/2013
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2011
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other29/12/2009
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 2025663,3 k €↑
2024
Annual accounts 2024475,6 k €↓
2023
Annual accounts 2023789,4 k €↓
2022
Annual accounts 20221,3 M €↑
2021
Annual accounts 2021845,8 k €↑
2020
Annual accounts 2020623,6 k €↓
2019
Annual accounts 2019697 k €↓
2018
Annual accounts 2018788,7 k €↑
2017
Annual accounts 2017515,2 k €↑
2016
Annual accounts 2016479,6 k €↓
2015
Annual accounts 2015628,5 k €↑
2014
Annual accounts 2014529,2 k €↑
2013
Annual accounts 2013320,7 k €↓
2012
Annual accounts 2012529,3 k €↑
2011
Annual accounts 2011-102,5 k €↓
2010
Annual accounts 2010-3,6 k €
15/12/2009
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

GREENTILE

Overview

What does GREENTILE 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