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GL GREEN

Active
Private limited companyfounded 201015 yrs activeCentrum-Zuid 3009, 3530 Houthalen-Helchteren, BelgiumKBO/BCE: BE 0831.666.914
Summary

The computed 12-month bankruptcy probability of GL GREEN is 1.7% (moderate). The 2025 annual accounts show negative equity (-€14,723) and a net result of -€5,166. Equity is shrinking by ~52.1% per year across the filed fiscal years. Its solvency ranks better than 9% of 209 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
GL GREENActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Production of electricity from non-renewable sources
NACE 35110
17 sites
Size
€67,559total assets 2025
Equity
-€14,723
Loss
-€5,166
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
1.7%
Structure
Largest shareholder
IMPROVE · 16.67%
Accounts filed 36 d late0 of 4 deeds read
Why 54- 1 change of registered office in 24 months- Negative equity -€14,723+ Liquidity: current ratio 0.61, cash €31,272+ Size: total assets €67,559Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 24% of its sector peers (NACE 35, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 3-5
equity -21.8% of total assets
Liquidity 50-3
short-term debt 94.2% · cash 46.3%
Profitability 23+23
return on assets -7.6%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.4% (536 companies)
Last 12 months 11-2025: 0.9%lowest value 12-2025: 0.9%● 0.0% vs 11-2025lowest value 01-2026: 2.0%▲ +116% vs 12-2025 02-2026: 2.1%▲ +6.2% vs 01-2026 03-2026: 2.1%▼ -1.9% vs 02-2026 04-2026: 2.2%▲ +6.9% vs 03-2026 05-2026: 2.9%▲ +27.2% vs 04-2026 06-2026: 3.2%▲ +12.3% vs 05-2026highest value 07-2026: 1.7%▼ -48.3% vs 06-2026 08-2026: 1.7%● 0.0% vs 07-2026 09-2026: 1.7%● 0.0% vs 08-2026 10-2026: 1.7%● 0.0% vs 09-2026
  • 1 change of registered office in 24 months raises the probability
  • Negative equity -€14,723 raises the probability
  • Liquidity: current ratio 0.61, cash €31,272 lowers the probability
  • Size: total assets €67,559 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.61 against 0.67 in 2024; short-term debt: 94.2% and cash: 46.3% of total assets), and equity is negative.
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 (NACE 35, micro). Better than this share of them on solvency 11%, liquidity 39%, profitability 31%, growth against the median 14%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Negative equity -€14,723
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.61, cash €31,272
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Size: total assets €67,559
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€14,723
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-06-2026, 36 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
36 d late
2024
1 d early
2023
on the day
2022
3 d early
2021
2 d early
2020
7 d late
2019
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close02-10-2026 today30-04-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€14,723 View
  • Risk: 5 loss-making years in a rowloss fiscal year 2025 -€5,166 View
  • Caution: Among the weakest 10% on solvencysector median 46.2% · 209 companies -21.8% View

By topic

Financials

Fiscal year
2025
Total assets
€67,559
Loss
-€5,166
Solvency
-21.8%
Total assets▲ 20.3%
Net result
20192025
Go to Financials

Timeline

Events
11
Since
2017
Next accounts
by 30-04-2027
  1. 05-06-2026Annual accounts filed
  2. 29-04-2025Annual accounts filed
  3. 30-04-2024Annual accounts filed
Go to Timeline

Company details

Sites
17
Legal form
Private limited company
Activity
Production of electricity from non-renewable sourcesNACE 35110
Founded
07-12-2010
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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