GREEN THERM

Active

Private limited companyfounded 20242 yrs activeJan Veldmansstraat 43, 1830 Machelen (Brab.), BelgiumKBO/BCE: BE 1010.859.863

Summary

GREEN THERM has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,246 and a net result of €35,246. Its solvency ranks better than 55% of 30651 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch Report Compare

GREEN THERMActiveChecked score 87/100

Risk analysis Report Compare

What they do

Plumbing work

NACE 43221

3 sites

How big

€77,623total assets 2025

Equity: €40,246
Profit: €35,246

Turnover not published (abridged schema)

Financially healthy?

87 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.4%

Who decides

Accounts 12 d early0 of 1 deed read

Why 87- Founded in 2024- Size: total assets €77,623+ Liquidity: current ratio 2.02, cash €54,753+ Equity €40,246 (51.8% of total assets)Show the evidence

Checked score

Score 2025

87 / 100

Excellent

Probability in this band: under 0.55%

Better than 74% of its sector peers (NACE 43, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Strong

Solvency 77

equity 51.8% of total assets

Liquidity 76

short-term debt 48.2% · cash 70.5%

Profitability 100

return on assets 45.4%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,004 companies)

Liquidity: current ratio 2.02, cash €54,753 lowers the probability
Founded in 2024 raises the probability for this profile
Equity €40,246 (51.8% of total assets) lowers the probability
Size: total assets €77,623 raises the probability for this profile

Credit up to €3,500 at 30 days acceptable

Liquidity ample (current ratio 2.02; short-term debt: 48.2% and cash: 70.5% of total assets), and 48.2% 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 43, micro). Better than this share of them on solvency 56%, liquidity 74%, profitability 93%. 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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