Glowy

Active

Private limited companyfounded 20232 yrs activeNaamsestraat 9, 3000 Leuven, BelgiumKBO/BCE: BE 1003.862.502

Summary

The computed 12-month bankruptcy probability of Glowy is 1.5% (moderate). The 2026 annual accounts show negative equity (-€2,279) and a net result of -€3,576. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

GlowyActiveChecked score 54/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€3,808total assets 2026

Equity: -€2,279
Loss: -€3,576

Turnover not published (abridged schema)

Financial health

54 Fair Checked score 2026

Bankruptcy chance 12 m: 1.5%

Structure

Parent: CORE+ · 100%

Accounts 121 d early0 of 1 deed read

Why 54Capped at 59: negative equity- Founded in 2023- No main activity registered+ Size: total assets €5,646+ Liquidity: current ratio 1.30, cash €5,646Show the evidence

Checked score

Score 2026

54 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 30% of its sector peers (no NACE code, micro)

Performance against the sector, not lower risk

Negative equity caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2025

Weak

Solvency 0-48

equity -59.8% of total assets

Liquidity 50-8

short-term debt 159.8% · cash 100.0%

Profitability 0=

return on assets -93.9%

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).

Last 24 months 01-2025: 2.4% 02-2025: 2.4%● 0.0% vs 01-2025 03-2025: 2.5%▲ +4.5% vs 02-2025 04-2025: 2.9%▲ +15.8% vs 03-2025 05-2025: 3.1%▲ +5.6% vs 04-2025 06-2025: 3.4%▲ +9.5% vs 05-2025 07-2025: 3.4%● 0.0% vs 06-2025 08-2025: 3.6%▲ +6.2% vs 07-2025 09-2025: 3.5%▼ -2.6% vs 08-2025 10-2025: 3.5%▼ -1.1% vs 09-2025 11-2025: 3.9%▲ +12.1% vs 10-2025 12-2025: 3.8%▼ -1.1% vs 11-2025 01-2026: 4.6%▲ +19.9% vs 12-2025highest value 02-2026: 1.6%▼ -65.9% vs 01-2026 03-2026: 1.6%● 0.0% vs 02-2026 04-2026: 1.6%● 0.0% vs 03-2026 05-2026: 1.6%● 0.0% vs 04-2026 06-2026: 1.6%● 0.0% vs 05-2026 07-2026: 1.5%▼ -2.5% vs 06-2026 08-2026: 1.5%● 0.0% vs 07-2026 09-2026: 1.5%▼ -1.4% vs 08-2026lowest value 10-2026: 1.5%▲ +1.9% vs 09-2026

Founded in 2023 raises the probability for this profile
Size: total assets €5,646 lowers the probability for this profile
No main activity registered raises the probability
Liquidity: current ratio 1.30, cash €5,646 lowers the probability

No credit on open account

balance sheet total too small for a liquidity verdict, 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 (no NACE code, micro). Better than this share of them on solvency 29%, liquidity 55%, profitability 4%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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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