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Blue Greenery

Active
Public limited companyfounded 2024active for 2 yearsSolvaylaan 7, 8400 Oostende, BelgiumKBO/BCE: BE 1005.658.287
Summary

The computed 12-month bankruptcy probability of Blue Greenery is 1.5% (moderate). The 2025 annual accounts show negative equity (-€466,600) and a net result of -€546,600. Its solvency ranks better than 5% of 101 sector peers (NACE 03, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Fishing and aquaculture
NACE 03210
1 site
Size
€14,421turnover 2025
Equity
-€466,600
Loss
-€546,600
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.5%
Structure
Parent
Bionerga NV
Accounts 66 days early
Why 53raises riskCapped at 59: negative equityNegative equity -€466,600Loss of €546,600 (financial year 2025)Founded in 2024lowers riskLiquidity: current ratio 1.00, cash €42,153Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 20% of its sector peers (NACE 03, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength
Weak
Solvency 0
equity -667.7% of total assets
Liquidity 51
short-term debt 88.7% · cash 60.3%
Profitability 0
return on assets -782.2%
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (95 companies, NACE 03, micro)
Last 24 months 03-2025: 1.6% 04-2025: 1.6%● unchanged vs 03-2025 05-2025: 1.7%▲ +0.1 percentage points vs 04-2025 06-2025: 2.1%▲ +0.4 percentage points vs 05-2025 07-2025: 2.1%● unchanged vs 06-2025 08-2025: 2.3%▲ +0.2 percentage points vs 07-2025 09-2025: 2.6%▲ +0.3 percentage points vs 08-2025 10-2025: 2.6%● unchanged vs 09-2025 11-2025: 2.5%▼ -0.1 percentage points vs 10-2025 12-2025: 2.5%● unchanged vs 11-2025 01-2026: 2.7%▲ +0.2 percentage points vs 12-2025 02-2026: 2.8%▲ +0.1 percentage points vs 01-2026 03-2026: 2.9%▲ +0.1 percentage points vs 02-2026highest value 04-2026: 2.9%● unchanged vs 03-2026highest value 05-2026: 2.9%● unchanged vs 04-2026highest value 06-2026: 1.6%▼ -1.3 percentage points vs 05-2026 07-2026: 1.6%● unchanged vs 06-2026 08-2026: 1.6%● unchanged vs 07-2026 09-2026: 1.6%● unchanged vs 08-2026 10-2026: 1.5%▼ -0.1 percentage points vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 1.0, below 1; short-term debt: 88.7% and cash: 60.3% of total assets), and equity is negative.
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 03, micro): better than 8% on solvency, 43% on liquidity and 10% on profitability.

The bankruptcy probability was computed on 12-10-2026 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
lowers risk · Liquidity: current ratio 1.00, cash €42,153
NBB · annual accounts
raises risk · Negative equity -€466,600
NBB · annual accounts
raises risk · Loss of €546,600 (financial year 2025)
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
66 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€466,600 View
  • Caution: Among the weakest 5% on solvencysector median 40.5% · 101 companies -667.7% View
  • Controlled by Bionerga NVknown shareholders 100% parent View

By topic

Financials

Financial year
2025
Turnover
€14,421
Loss
-€546,600
Solvency
-667.7%
Go to Financials

Company details

Sites
1
Legal form
Public limited company
Activity
Fishing and aquacultureNACE 03210
Founded
06-02-2024
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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