Five Elms V BidCo

Active

Private limited companyfounded 20242 yrs activeKantersteen 47, 1000 Brussel, BelgiumKBO/BCE: BE 1009.980.331

Summary

The computed 12-month bankruptcy probability of Five Elms V BidCo is 3.1% (moderate). The 2025 annual accounts show equity of €31.6m and a net result of -€377,524. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

Five Elms V BidCoActiveChecked score 51/100

Risk analysis Report Compare

Activity

Activity not known

Size

€35.6mtotal assets 2025

Equity: €31.6m
Loss: -€377,524

Turnover not published (abridged schema)

Financial health

51 Fair Checked score 2025

Bankruptcy chance 12 m: 3.1%

Structure

Holdings: 1

Accounts filed 60 d late2 of 4 deeds read

Why 51- Liquidity: current ratio 3.46, cash €14,284- 1 change of registered office in 24 months- No establishment unit in the KBO+ Size: total assets €35.6mShow the evidence

Checked score

Score 2025

51 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 49% of its sector peers (no NACE code, medium-sized)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Strong

Solvency 100

equity 88.6% of total assets

Liquidity 50

short-term debt 0.1% · cash 0.0%

Profitability 35

return on assets -1.1%

Bankruptcy probability, 12 months

3.1% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 07-2025: 4.2% 08-2025: 4.3%▲ +2.5% vs 07-2025 09-2025: 5.0%▲ +17.6% vs 08-2025 10-2025: 5.3%▲ +4.8% vs 09-2025 11-2025: 5.8%▲ +9.9% vs 10-2025 12-2025: 5.8%● 0.0% vs 11-2025 01-2026: 6.1%▲ +6.0% vs 12-2025 02-2026: 6.1%▼ -0.5% vs 01-2026 03-2026: 6.0%▼ -2.0% vs 02-2026 04-2026: 6.0%▲ +0.1% vs 03-2026 05-2026: 6.5%▲ +9.3% vs 04-2026 06-2026: 6.6%▲ +0.7% vs 05-2026 07-2026: 7.8%▲ +18.3% vs 06-2026 08-2026: 15.3%▲ +97.3% vs 07-2026highest value 09-2026: 15.3%● 0.0% vs 08-2026highest value 10-2026: 3.1%▼ -79.5% vs 09-2026lowest value

Size: total assets €35.6m lowers the probability for this profile
Liquidity: current ratio 3.46, cash €14,284 raises the probability
1 change of registered office in 24 months raises the probability
No establishment unit in the KBO raises the probability

Credit up to €1,600,000 at 30 days only on tighter terms

Liquidity ample (current ratio 3.46; short-term debt: 0.1% and cash: 0% of total assets), and 11.4% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, medium-sized). Better than this share of them on solvency 74%, liquidity 43%, profitability 30%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Size: total assets €35.6m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Liquidity: current ratio 3.46, cash €14,284

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

No establishment unit in the KBO

In the bankruptcy model this factor raises the probability.

KBO · seat and establishments

Young company

Founded in 2024, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 1 filing

Deviation from the deadline

2025

60 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

29-09-26 Annual accounts filedfiscal year 2025 · abbreviated…
02-07-26 Registered officeRegistered-office move · Power of…
25-06-26 Capital & shares · Statutes amendmentCapital contribution · Share issue…