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 annual accounts of Glowy for fiscal year 2025 show a net loss of 154% of total assets. The 2025 annual accounts show equity of €1,298 and a net result of -€8,702. 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

€5,646total assets 2025

Equity: €1,298
Loss: -€8,702

Turnover not published (abridged schema)

Financial health

54 Fair Checked score 2025

Bankruptcy chance 12 m: 1.5%

Structure

Parent: CORE+ · 100%

Accounts 26 d early0 of 1 deed read

Why 54Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- 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 2025

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

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.

Financial strength

Weak

Solvency 48

equity 23.0% of total assets

Liquidity 58

short-term debt 77.0% · cash 100.0%

Profitability 0

return on assets -154.1%

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 08-2026 10-2026: 1.5%▼ -0.3% vs 09-2026lowest value

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 publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity tight (current ratio 1.3; short-term debt: 77% and cash: 100% of total assets), and 77% 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, 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 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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