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GREENLOGICYCLE

Active
Private limited companyfounded 20232 yrs activeBrugsesteenweg 206, 9000 Gent, BelgiumKBO/BCE: BE 1003.955.542
Summary

The computed 12-month bankruptcy probability of GREENLOGICYCLE is 3.5% (moderate). The 2024 annual accounts show equity of €35,148 and a net result of €20,588. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

What they do
Other retail sale of new goods
NACE 47789Materials recovery from waste NACE 38210
1 site
How big
€129,246turnover 2024
Equity
€35,148
Profit
€20,588
Financially healthy?
51 Fair Checked score 2024
Bankruptcy chance 12 m
3.5%
Who decides
Accounts 31 d early
Why 51- Founded in 2023- Size: turnover €129,246, total assets €70,564- Figures for FY 2024 (filed 12-06-2025)+ Equity €35,148 (49.8% of total assets)Show the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 64% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength
Strong
Solvency 75
equity 49.8% of total assets
Liquidity 37
short-term debt 50.2% · cash 9.4%
Profitability 100
return on assets 29.2%
Bankruptcy probability, 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (39,898 companies)
  • Founded in 2023 raises the probability for this profile
  • Size: turnover €129,246, total assets €70,564 raises the probability for this profile
  • Figures for FY 2024 (filed 12-06-2025) raises the probability
  • Equity €35,148 (49.8% of total assets) lowers the probability
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.81; short-term debt: 50.2% and cash: 9.4% of total assets), but 50.2% 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 47, micro). Better than this share of them on solvency 64%, liquidity 34%, profitability 96%. 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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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Founded in 2023
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Size: turnover €129,246, total assets €70,564
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 12-06-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Equity €35,148 (49.8% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
31 d early
2024
51 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 41 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
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. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Turnover 2024first fiscal year filed €129,246 View
  • Active since 2023founded 27-12-2023 2 years View

By topic

Financials

Fiscal year
2024
Turnover
€129,246
Profit
€20,588
Solvency
49.8%
Go to Financials

Timeline

Events
2
Since
2025
Next accounts
by 31-07-2027
  1. 30-06-2026Annual accounts filed
  2. 10-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other retail sale of new goodsNACE 47789
Founded
27-12-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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