ACTIVE

Greenfrun

Financial year 2024 · closed on 31/12/2024
Net result
203,1 k €
-28.0% YoY
Gross margin
930,2 k €
-17.2% YoY
Equity
4,1 M €
+3.5% YoY

What does Greenfrun do?

Greenfrun is a Private limited company incorporated in 2008. Its main activity is: Production of electricity. Its registered office is in Dentergem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0899.378.159
Incorporation
18/07/2008
Legal form
Private limited company
Registered office
Camiel Cluysestraat(Wak) 21
8720 Dentergem · FlandreSee on map
Contributed capital
728 600,00 €
Latest accounts
31/12/2024
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross margin930,2 k €1,1 M €1,6 M €1,2 M €1,2 M €1,1 M €1 M €994,4 k €1 M €1,1 M €1,1 M €-4 k €
EBITDA928,1 k €1,1 M €1,6 M €1,2 M €1,1 M €1,1 M €1 M €992,9 k €1 M €1,1 M €1,1 M €1,1 M €1 M €613,5 k €249,1 k €-4,6 k €
Operating result293,6 k €487,7 k €975,9 k €544,4 k €596 k €573,4 k €501,9 k €453,4 k €474,5 k €545,2 k €592,3 k €531,9 k €502,1 k €295,4 k €114,3 k €-4,6 k €
Net result203,1 k €282,1 k €630,3 k €337,1 k €362,5 k €328,7 k €243,9 k €138,9 k €137,4 k €187,4 k €213,9 k €130,4 k €36,5 k €61,4 k €11,4 k €-7,3 k €
Balance sheet
Equity4,1 M €4 M €3,8 M €3,2 M €2,9 M €4,4 M €4,1 M €3,9 M €3,9 M €3,9 M €4 M €4,2 M €4,2 M €4,2 M €3,6 M €121,3 k €
Total assets6,1 M €6,8 M €7,9 M €7,9 M €8,2 M €9,9 M €10 M €10,4 M €10,9 M €11,4 M €12,2 M €12,3 M €12,8 M €13,7 M €9,1 M €236 k €
Cash925,8 k €1,1 M €1,5 M €1,2 M €1,3 M €1,5 M €1,2 M €936,8 k €1,3 M €1 M €1,2 M €854,4 k €1 M €1,6 M €412,9 k €23,5 k €
Debts2 M €2,7 M €4,1 M €4,6 M €5,1 M €5,4 M €5,9 M €6,3 M €6,9 M €7,4 M €8 M €8 M €8,4 M €9,4 M €5,5 M €112,2 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 22 ended

Active mandates

Hans Peter Vestergaard

Director · since 14 octobre 2024

Active
ELLECON

Director · since 10 mai 2022 · 0508.440.940

Represented by Elien VAN NIEUWENHUYSE

Active
Robin Hirschl

Director · since 10 mai 2022 · until 14 octobre 2024

Active
Anders Marcus

Director · since 20 août 2018

Active

Ended mandates

Robin Hirschl

Director · since 10 mai 2022

Ended
Anders Marcus

Director · since 20 août 2018 · until 20 août 2024

Ended
Peter Krogsgaard Jorgensen

Director · since 20 août 2018 · until 20 août 2024

Ended
Christophe Vanopbroeke

Director · since 30 juin 2016 · until 30 juin 2022

Ended
At this address

Other companies at this address

CompanyCBE no.
0535.977.260
VANICONActive
0837.137.318
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/08/202512/12/202429/12/202331/08/202231/08/202227/10/2020
General meeting30/06/202505/04/202407/04/202301/04/202202/04/202103/04/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202430/06/202514/08/2025DutchPDF
Abridged model31/12/202305/04/202412/12/2024DutchPDF
Abridged model31/12/202207/04/202329/12/2023DutchPDF
Abridged model31/12/202101/04/202231/08/2022DutchPDF
Abridged model31/12/202002/04/202131/08/2022DutchPDF
Abridged model31/12/201903/04/202027/10/2020DutchPDF
Abridged model31/12/201805/04/201930/12/2019DutchPDF
Abridged model31/12/201730/06/201817/07/2018DutchPDF
Abridged model31/12/201625/04/201718/05/2017DutchPDF
Abridged model31/12/201530/06/201622/08/2016DutchPDF
Abridged model31/12/201419/05/201502/07/2015DutchPDF
Full model31/12/201304/04/201428/08/2014DutchPDF
Full model31/12/201207/06/201327/08/2013DutchPDF
Full model31/12/201104/05/201209/07/2012DutchPDF
Full model31/12/201024/06/201129/06/2011DutchPDF
Abridged model31/12/200904/06/201017/06/2010DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2024 · 4 active · 22 ended

Active mandates

Hans Peter Vestergaard

Director · since 14 octobre 2024

Active
ELLECON

Director · since 10 mai 2022 · 0508.440.940

Represented by Elien VAN NIEUWENHUYSE

Active
Robin Hirschl

Director · since 10 mai 2022 · until 14 octobre 2024

Active
Anders Marcus

Director · since 20 août 2018

Active

Ended mandates

Robin Hirschl

Director · since 10 mai 2022

Ended
Anders Marcus

Director · since 20 août 2018 · until 20 août 2024

Ended
Peter Krogsgaard Jorgensen

Director · since 20 août 2018 · until 20 août 2024

Ended
Christophe Vanopbroeke

Director · since 30 juin 2016 · until 30 juin 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates04/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/04/2019
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/09/2018
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/09/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office24/10/2013
    MAATSCHAPPELIJKE ZETEL
    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

Timeline

  1. 2024
    Annual accounts 2024203,1 k €
  2. 2023
    Annual accounts 2023282,1 k €
  3. 2022
    Annual accounts 2022630,3 k €
  4. 2021
    Annual accounts 2021337,1 k €
  5. 2020
    Annual accounts 2020362,5 k €
  6. 2019
    Annual accounts 2019328,7 k €
  7. 2018
    Annual accounts 2018243,9 k €
  8. 2017
    Annual accounts 2017138,9 k €
  9. 2016
    Annual accounts 2016137,4 k €
  10. 2015
    Annual accounts 2015187,4 k €
  11. 2014
    Annual accounts 2014213,9 k €
  12. 2013
    Annual accounts 2013130,4 k €
  13. 2012
    Annual accounts 201236,5 k €
  14. 2011
    Annual accounts 201161,4 k €
  15. 2010
    Annual accounts 201011,4 k €
  16. 2009
    Annual accounts 2009-7,3 k €
  17. 18/07/2008
    IncorporationPrivate limited company