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GLOBAL GROEP

Active
Private limited companyfounded 20206 years activeJean Béthunestraat 39, 9040 Gent, BelgiumKBO/BCE: BE 0741.658.634
Summary

The computed 12-month bankruptcy probability of GLOBAL GROEP is 2.2% (moderate). The 2024 annual accounts show equity of €61,009 and a net result of €21,503. Equity is growing by ~52.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 36,396 sector peers (NACE 43, fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Electrical installation work in industrial facilities
NACE 43212General electrical installation work NACE 43211
2 sites
Size
€192,893total assets 2024
Staff
13.5 FTE
Equity
€61,009
Profit
€21,503
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2024
Bankruptcy probability, 12 months
2.2%
Structure
Accounts 68 days overdue0 of 1 deed read
Why 54- Figures for FY 2024 (filed 29-08-2025)- 1 financial year not filed after the legal deadline; latest accounts 29 days late; 1 of the last 3 late- Founded in 2020+ Liquidity: current ratio 1.38, cash €112,950Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 61% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Strong
Solvency 57+12
equity 31.6% of total assets
Liquidity 64+21
short-term debt 67.3% · cash 58.6%
Profitability 83+8
return on assets 11.1%
Bankruptcy probability, 12 months
2.2% 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% (47,513 companies)
Last 24 months 11-2024: 1.5% 12-2024: 1.5%● unchanged vs 11-2024 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.5%● unchanged vs 06-2025 08-2025: 2.1%▲ +0.6 percentage points vs 07-2025 09-2025: 0.7%▼ -1.4 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.6%▼ -0.1 percentage points vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026lowest value 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 1.1%▲ +0.5 percentage points vs 07-2026 09-2026: 1.2%▲ +0.1 percentage points vs 08-2026 10-2026: 2.2%▲ +1.0 percentage point vs 09-2026highest value
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.23 in 2023; short-term debt: 67.3% and cash: 58.6% of total assets), and 68.4% of the assets are financed with debt.
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 33% on solvency, 62% on liquidity, 65% on profitability and 84% on growth.

The bankruptcy probability was computed on 06-10-2026 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

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 29-08-2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.38, cash €112,950
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 29 days late; 1 of the last 3 late
NBB · filings
raises risk · Founded in 2020
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 5 filings
Deviation from the deadline
2025
not confirmed
2024
29 days late
2023
30 days late
2022
31 days late
2021
38 days early
2020
47 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Highest result since 2020net €21,503 ▲133%
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Positive: Staff rose in 2024from 7.9 FTE to 13.5 FTE ▲ 70.9% View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Among the largest 5% on gross marginsector median €38,260 · 36,333 companies €631,517 View
  • Positive: 5 profitable years in a rowprofit 2024: €21,503 5 years View

By topic

Financials

Fiscal year
2024
Total assets
€192,893
Profit
€21,503
Solvency
31.6%
Total assets▼ 1.3%
Net result
20202024
Go to Financials

Timeline

Events
6
Since
2021
  1. 31-08-2023Annual accounts filed
  2. 23-06-2022Annual accounts filed
  3. 14-06-2021Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Electrical installation work in industrial facilitiesNACE 43212
Founded
16-01-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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