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Lesser Gray

Active
Private limited companyfounded 2023active for 3 yearsMezenweg 7, 3910 Pelt, BelgiumKBO/BCE: BE 0798.538.741
Summary

The computed 12-month bankruptcy probability of Lesser Gray is 4.1% (elevated). The 2024 annual accounts show negative equity (-€66,259) and a net result of -€5,807. Its solvency ranks better than 5% of 15,482 sector peers (NACE 46, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Wholesale of electrical equipment, including installation materials
NACE 46643
1 site
Size
€439total assets 2024
Equity
-€66,259
Loss
-€5,807
Turnover not published (micro format)
Financial health
46 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
4.1%
Structure
Accounts 76 days overdue0 of 1 deed read
Why 46raises riskFigures for financial year 2024 (filed 23-06-2025)1 financial year not filed after the legal deadline; 1 of the last 3 lateFounded in 2023lowers riskSize: total assets €439Show the evidence

Checked score

Score 2024
46 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 17% of its sector peers (NACE 46, micro)
Financial strength · tick = 2023
Weak
Solvency 0=
equity -15102.2% of total assets
Liquidity 31-19
short-term debt 15202.2% · cash 25.0%
Profitability 0=
return on assets -1323.6%
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.4% (26,873 companies, NACE 46, micro)
Last 24 months 11-2024: 2.6% 12-2024: 2.5%▼ -0.1 percentage points vs 11-2024 01-2025: 2.6%▲ +0.1 percentage points vs 12-2024 02-2025: 2.6%● unchanged vs 01-2025 03-2025: 2.7%▲ +0.1 percentage points vs 02-2025 04-2025: 2.7%● unchanged vs 03-2025 05-2025: 2.7%● unchanged vs 04-2025 06-2025: 2.6%▼ -0.1 percentage points vs 05-2025 07-2025: 1.8%▼ -0.8 percentage points vs 06-2025 08-2025: 1.8%● unchanged vs 07-2025 09-2025: 1.8%● unchanged vs 08-2025 10-2025: 1.7%▼ -0.1 percentage points vs 09-2025lowest value 11-2025: 1.8%▲ +0.1 percentage points vs 10-2025 12-2025: 1.8%● unchanged vs 11-2025 01-2026: 1.8%● unchanged vs 12-2025 02-2026: 1.8%● unchanged vs 01-2026 03-2026: 1.8%● unchanged vs 02-2026 04-2026: 1.8%● unchanged vs 03-2026 05-2026: 1.8%● unchanged vs 04-2026 06-2026: 1.8%● unchanged vs 05-2026 07-2026: 1.9%▲ +0.1 percentage points vs 06-2026 08-2026: 2.6%▲ +0.7 percentage points vs 07-2026 09-2026: 2.9%▲ +0.3 percentage points vs 08-2026 10-2026: 4.1%▲ +1.2 percentage points vs 09-2026highest value
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 6% on solvency, 29% on liquidity, 6% on profitability and 26% on growth.

The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 23-06-2025)
NBB · annual accounts
lowers risk · Size: total assets €439
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; 1 of the last 3 late
NBB · filings
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2324
2023 to 2024 · latest year -€66,259
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 76 days later.
NBB · 2 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline15-10-2026 today
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 23-06-2025, 38 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
38 days early
2023
132 days late
← 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 47 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€66,259 View
  • Caution: Among the weakest 5% on solvencysector median 39.4% · 15,482 companies -15102.2% View
  • Positive: Result rose in 2024from -€65,452 to -€5,807 ▲ 91.1% View
  • Caution: Accounts not fileddeadline was 31-07-2026 76 days late View

By topic

Financials

Financial year
2024
Total assets
€439
Loss
-€5,807
Solvency
-15102.2%
Total assets▼ 83.0%
Net result
20232024
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale of electrical equipment, including installation materialsNACE 46643
Founded
16-02-2023
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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