Green Elephant

Active

Private limited companyfounded 20242 yrs activeGrand Chemin(HAV) 145, 7531 Tournai, BelgiumKBO/BCE: BE 1007.984.804

Summary

The computed 12-month bankruptcy probability of Green Elephant is 4.7% (elevated). The 2024 annual accounts show equity of €1,788 and a net result of -€1,212. Its solvency ranks better than 22% of 15862 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

Green ElephantActiveChecked score 37/100

Risk analysis Report Compare

Activity

Wholesale trade

NACE 46214

1 site

Size

€85,912total assets 2024

Equity: €1,788
Loss: -€1,212

Turnover not published (abridged schema)

Financial health

37 Weak Checked score 2024

Bankruptcy chance 12 m: 4.7%

Structure

Accounts on time0 of 1 deed read

Why 37- Figures for FY 2024 (filed 01-08-2025)- Founded in 2024- 1 financial year not filed after the legal deadline- Equity €1,788 (2.1% of total assets)Show the evidence

Checked score

Score 2024

37 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 26% of its sector peers (NACE 46, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Weak

Solvency 27

equity 2.1% of total assets

Liquidity 12

short-term debt 97.9% · cash 9.9%

Profitability 67

return on assets -1.4%

Bankruptcy probability, 12 months

4.7% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,788 companies)

Last 24 months 05-2025: 1.6%lowest value 06-2025: 1.7%▲ +2.7% vs 05-2025 07-2025: 2.0%▲ +19.6% vs 06-2025 08-2025: 2.1%▲ +5.3% vs 07-2025 09-2025: 2.1%▲ +2.0% vs 08-2025 10-2025: 2.1%● 0.0% vs 09-2025 11-2025: 2.3%▲ +6.5% vs 10-2025 12-2025: 2.3%▲ +2.5% vs 11-2025 01-2026: 2.3%▼ -3.2% vs 12-2025 02-2026: 2.3%▲ +0.5% vs 01-2026 03-2026: 2.3%▼ -0.5% vs 02-2026 04-2026: 2.5%▲ +8.9% vs 03-2026 05-2026: 2.6%▲ +4.0% vs 04-2026 06-2026: 2.5%▼ -0.9% vs 05-2026 07-2026: 2.6%▲ +3.3% vs 06-2026 08-2026: 3.2%▲ +23.2% vs 07-2026 09-2026: 3.5%▲ +7.7% vs 08-2026 10-2026: 4.7%▲ +34.0% vs 09-2026highest value

Figures for FY 2024 (filed 01-08-2025) raises the probability
Founded in 2024 raises the probability for this profile
1 financial year not filed after the legal deadline raises the probability
Equity €1,788 (2.1% of total assets) raises the probability

No publishable credit limit; credit only on tighter terms

Liquidity short (current ratio 0.33; short-term debt: 97.9% and cash: 9.9% of total assets), and 97.9% 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 (NACE 46, micro). Better than this share of them on solvency 18%, liquidity 13%, profitability 49%. 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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Signals

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

+raises risk○neutral

Figures for FY 2024 (filed 01-08-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Founded in 2024

In the bankruptcy model this factor raises the probability for this profile.

KBO

1 financial year not filed after the legal deadline

In the bankruptcy model this factor raises the probability.

NBB · filings

Equity €1,788 (2.1% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 15862 sector peers (2024).

NBB · sector comparison

Position among 15862 sector peers

Solvency

better than 22%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2024

on the day

← before the deadline after the deadline →

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

This company filed its 2024 accounts on the deadline day; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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