Lesser Gray
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of Lesser Gray is 4.2% (elevated). The 2024 annual accounts show negative equity (-€66,259) and a net result of -€5,807. Its solvency ranks better than 5% of 15,439 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.
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.
Annual accounts 2024
- Financial year ended
- 31-12-2024
- Filed on
- 23-06-2025
- Format
- micro format
- Reference
- 2025-00165592
2023 to 2024, 2 financial years
The operating result for 2024 is a loss of €2,719, smaller than the loss of €65,452 in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets and working capital.
Companies with the same profile, two years later
Historical observationIn July 2024, 7,639 companies had the same profile as Lesser Gray has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Lesser Gray itself: 4.2% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Lesser Gray. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,363 | €355 | ▼ 73.9% |
| Other operating charges640/8 | €165 | €344 | ▲ 108% |
| Gross operating margin9900 | -€63,925 | -€2,020 | ▲ 96.8% |
| Operating profit (loss)9901 | -€65,452 | -€2,719 | ▲ 95.8% |
| Financial charges65/66B | - | €3,088 | - |
| Recurring financial charges65 | - | €3,088 | - |
| Profit (loss) for the period before taxes9903 | -€65,452 | -€5,807 | ▲ 91.1% |
| Profit (loss) for the period9904 | -€65,452 | -€5,807 | ▲ 91.1% |
| Profit (loss) for the period to be appropriated9905 | -€65,452 | -€5,807 | ▲ 91.1% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2,576 | €439 | ▼ 83.0% |
| Formation expenses20 | €355 | €0 | ▼ 100% |
| Current assets29/58 | €2,220 | €439 | ▼ 80.2% |
| Amounts receivable within one year40/41 | €530 | €329 | ▼ 37.9% |
| Other amounts receivable41 | €530 | €329 | ▼ 37.9% |
| Cash at bank and in hand54/58 | €1,690 | €110 | ▼ 93.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2,576 | €439 | ▼ 83.0% |
| Equity10/15 | -€60,452 | -€66,259 | ▼ 9.6% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€65,452 | -€71,259 | ▼ 8.9% |
| Amounts payable17/49 | €63,028 | €66,698 | ▲ 5.8% |
| Amounts payable within one year42/48 | €63,028 | €66,698 | ▲ 5.8% |
| Trade debts44 | €28 | €1,779 | ▲ 64× |
| Suppliers440/4 | €28 | €1,779 | ▲ 64× |
| Other amounts payable47/48 | €63,000 | €64,919 | ▲ 3.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€65,452 | -€5,807 | ▲ 91.1% |
| + Depreciation and write-downs630 | €1,363 | €355 | ▼ 73.9% |
| Operating cash flow (approximation) | -€64,090 | -€5,452 | ▲ 91.5% |
| Change in cash | - | -€1,580 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Comparable companies
These companies have the same main activity as Lesser Gray: wholesale of electrical equipment, including installation materials (NACE 46643). They are comparable in size and age: total assets between €967 and €4,070, founded between 1998 and 2025.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| Lesser Gray Pelt | 2023 | €439 | -€66,259 | -€2,020 | -€5,807 | 2024 |
| MODULAR ENERGY SYSTEMS EUROPE Zulte | 2024 | €1,432 | -€39,946 | -€49,077 | -€49,946 | 2025 |
| AYA mobile Maaseik | 2024 | €2,230 | -€2,131 | -€4,424 | -€4,554 | 2025 |
| Solar Distribution Europe Turnhout | 2025 | €3,323 | €1,860 | €470 | €360 | 2025 |
| EUROSPIRO Benelux Anderlecht | 2016 | €2,414 | -€364,263 | -€4,272 | -€4,389 | 2025 |
| KASSA DEVUYST Halle | 2009 | €4,074 | €3,999 | €3,238 | -€3,205 | 2025 |
| CONTROLLING EN MEASURING TECHNOLOGIES BELGIUM Zoersel | 1998 | €967 | -€58,654 | -€766 | -€2,011 | 2025 |
They were chosen from the 944 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.