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110 GROUP

Active
Private limited companyfounded 2020active for 6 yearsLt. Graffplein 15, 1780 Wemmel, Belgium470 active companies are registered at this addressKBO/BCE: BE 0753.977.832
Summary

The computed 12-month bankruptcy probability of 110 GROUP is 5.6% (elevated). The 2024 annual accounts show equity of €18,277 and a net result of €8,947. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 35,968 sector peers (NACE 43, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Plumbing work
NACE 43221
Size
€44,047total assets 2024
Equity
€18,277
Profit
€8,947
Turnover not published (micro format)
Financial health
40 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.6%
Structure
Accounts 75 days overdue0 of 1 deed read
Why 40raises riskFigures for financial year 2024 (filed 16-09-2025)1 financial year not filed after the legal deadline; latest accounts 47 days late; 3 of the last 3 lateNo registered site in the KBOlowers riskLiquidity: current ratio 1.06, cash €23,749, halvedShow the evidence

Checked score

Score 2024
40 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 71% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Strong
Solvency 66+26
equity 41.5% of total assets
Liquidity 70+17
short-term debt 58.5% · cash 53.9%
Profitability 94+15
return on assets 20.3%
Bankruptcy probability, 12 months
5.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,540 companies, NACE 43, micro)
Last 24 months 11-2024: 7.4% 12-2024: 9.2%▲ +1.8 percentage points vs 11-2024 01-2025: 12.4%▲ +3.2 percentage points vs 12-2024 02-2025: 12.4%● unchanged vs 01-2025 03-2025: 12.7%▲ +0.3 percentage points vs 02-2025 04-2025: 11.8%▼ -0.9 percentage points vs 03-2025 05-2025: 11.8%● unchanged vs 04-2025 06-2025: 11.6%▼ -0.2 percentage points vs 05-2025 07-2025: 11.6%● unchanged vs 06-2025 08-2025: 14.7%▲ +3.1 percentage points vs 07-2025highest value 09-2025: 6.6%▼ -8.1 percentage points vs 08-2025 10-2025: 2.3%▼ -4.3 percentage points vs 09-2025 11-2025: 2.3%● unchanged vs 10-2025 12-2025: 2.3%● unchanged vs 11-2025 01-2026: 2.2%▼ -0.1 percentage points vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 2.2%● unchanged vs 02-2026 04-2026: 2.2%● unchanged vs 03-2026 05-2026: 2.2%● unchanged vs 04-2026lowest value 06-2026: 2.2%● unchanged vs 05-2026 07-2026: 2.3%▲ +0.1 percentage points vs 06-2026 08-2026: 3.3%▲ +1.0 percentage point vs 07-2026 09-2026: 3.6%▲ +0.3 percentage points vs 08-2026 10-2026: 5.6%▲ +2.0 percentage points vs 09-2026
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.06, compared with 1.17 in 2023, below the usual 1.5; short-term debt: 58.5% and cash: 53.9% of total assets), and 58.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 44% on solvency, 68% on liquidity, 80% on profitability and 91% on growth.

The bankruptcy probability was computed on 13-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 16-09-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 47 days late; 3 of the last 3 late
NBB · filings
raises risk · No registered site in the KBO
KBO · seat and establishments
lowers risk · Liquidity: current ratio 1.06, cash €23,749, halved
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 75 days later.
NBB · 4 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline14-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filings
Deviation from the deadline
2025
not filed
2024
47 days late
2023
371 days late
2022
87 days late
2021
38 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 117 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Back to profitnet €10,367

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 75 days late View
  • Total assets 20244 financial years filed €44,047 View
  • Active since 2020founded 11-09-2020 6 years View

By topic

Financials

Financial year
2024
Total assets
€44,047
Profit
€8,947
Solvency
41.5%
Total assets▼ 29.9%
Net result
20212024
Go to Financials

Timeline

Events
6
Since
2022
  1. 26-10-2023Annual accounts filed
  2. 31-12-2022Weakest financial year
  3. 23-06-2022Annual accounts filed
Go to Timeline

Company details

Legal form
Private limited company
Activity
Plumbing workNACE 43221
Founded
11-09-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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