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Green Ocean Lines

Active
Private limited companyfounded 196264 yrs activeMoerstraat 15, 2040 Antwerpen, BelgiumKBO/BCE: BE 0405.849.978
Summary

Green Ocean Lines has been active since 1962 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €696,897 and a net result of €12,522. Equity is shrinking by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 1860 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysisWatch ReportCompare
Green Ocean LinesActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Freight transport by road
NACE 49410NACE 60242
1 site
Size
€707,291total assets 2024
Equity
€696,897
Profit
€12,522
Turnover not published (abridged schema)
Financial health
67 Healthy Checked score 2024
Bankruptcy chance 12 m
1.0%
Structure
Parent
K.P. INTERNATIONAL · 96.27%
Accounts 64 d overdue1 of 15 deeds read
Why 67- Figures for FY 2024 (filed 15-07-2025)- Liquidity: current ratio 68.05, cash €6,274- Sector Land transport and transport via pipelines (NACE 49)+ Equity €696,897 (98.5% of total assets)Show the evidence

Checked score

Score 2024
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 53% of its sector peers (NACE 49, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 100=
equity 98.5% of total assets
Liquidity 51+1
short-term debt 1.5% · cash 0.9%
Profitability 42+1
return on assets 1.8%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (8,991 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%● 0.0% vs 12-2024 02-2025: 0.4%▲ +1.4% vs 01-2025 03-2025: 0.4%▲ +3.6% vs 02-2025 04-2025: 0.4%▲ +6.2% vs 03-2025 05-2025: 0.4%▲ +1.0% vs 04-2025 06-2025: 0.4%▲ +2.0% vs 05-2025 07-2025: 0.6%▲ +39.8% vs 06-2025 08-2025: 0.2%▼ -67.3% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%▼ -3.2% vs 12-2025lowest value 02-2026: 0.2%▲ +2.8% vs 01-2026 03-2026: 0.2%▲ +3.8% vs 02-2026 04-2026: 0.2%▲ +9.4% vs 03-2026 05-2026: 0.2%▲ +1.9% vs 04-2026 06-2026: 0.2%▼ -0.5% vs 05-2026 07-2026: 0.2%▲ +12.7% vs 06-2026 08-2026: 0.5%▲ +109% vs 07-2026 09-2026: 0.6%▲ +25.3% vs 08-2026 10-2026: 1.0%▲ +56.7% vs 09-2026highest value
  • Figures for FY 2024 (filed 15-07-2025) raises the probability
  • Liquidity: current ratio 68.05, cash €6,274 raises the probability
  • Equity €696,897 (98.5% of total assets) lowers the probability
  • Sector Land transport and transport via pipelines (NACE 49) raises the probability
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 68.05 against 12.19 in 2023; short-term debt: 1.5% and cash: 0.9% of total assets), and 1.5% 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 49, micro). Better than this share of them on solvency 92%, liquidity 55%, profitability 23%, growth against the median 41%. 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

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 15-07-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 68.05, cash €6,274
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Equity €696,897 (98.5% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Sector Land transport and transport via pipelines (NACE 49)
In the bankruptcy model this factor raises the probability.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
20 d early
2023
21 d early
2022
39 d early
2021
40 d early
2020
25 d early
2019
38 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (1)
neutral · 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
  1. Resignation: Diligencia Consult (director)Permanent representative: Govaerts Diane
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Liquidity times 6current ratio 68.05

Key points

  • Positive: Among the best 5% on solvencysector median 41.8% · 1,860 companies 98.5% View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View
  • Controlled by K.P. INTERNATIONAL 96.27% View
  • Active since 1962founded 26-05-1962 64 years View
  • A director leftlatest change 26-01-2026 · 0 in office 1 left View

By topic

Financials

Fiscal year
2024
Total assets
€707,291
Profit
€12,522
Solvency
98.5%
Total assets▼ 5.3%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2016
  1. 24-06-2026Resignation: Diligencia Consult (director)
  2. 11-07-2025Annual accounts filed
  3. 31-12-2024Liquidity times 6
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Freight transport by roadNACE 49410
Founded
26-05-1962
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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