Go Grid Systems

Active

Private limited companyfounded 20232 yrs activeGouverneur Roppesingel 83, 3500 Hasselt, BelgiumKBO/BCE: BE 1004.057.391

Summary

The computed 12-month bankruptcy probability of Go Grid Systems is 3.0% (moderate). The 2024 annual accounts show equity of €4,395 and a net result of €395. Its solvency ranks better than 9% of 7462 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

Go Grid SystemsActiveChecked score 32/100

Risk analysis Report Compare

What they do

General electrical installation work

NACE 43211

1 site

How big

€68,775total assets 2024

Equity: €4,395
Profit: €395

Turnover not published (abridged schema)

Financially healthy?

32 Weak Checked score 2024

Bankruptcy chance 12 m: 3.0%

Who decides

Accounts filed 57 d late0 of 2 deeds read

Why 32- Young company- Higher-failure-rate sector- Annual accounts: weaker financial profile- Weak solvency vs sectorFiled after the deadlineShow the evidence

Checked score

Score 2024

32 / 100

Weak

Every signal that weighs is under Signals.

Axes

Profitability39

Solvency31

Growth-

Track record67

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity tight (current ratio 1.07; short-term debt: 93.6% and cash: 0.2% of total assets), and 93.6% of the assets are financed with debt.

Credit check for your own amount and term

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Signals

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

+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Specialised construction activities (NACE 43)

about 85% more bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

6.4%

Return on assets

0.6%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7462 sector peers (2024).

NBB · sector comparison

Position among 7462 sector peers

Solvency

better than 9%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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

2024

57 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 57 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

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

26-09-25 Annual accounts filedfiscal year 2024 · abbreviated…

Key points

Caution: Among the weakest 7% on equitysector median €343,861 · 7,463 companies €4,395 View
Total assets 2024first fiscal year filed €68,775 View
Active since 2023founded 29-12-2023 2 years View