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The Glow Project

Active
Private limited companyfounded 20242 years activeSentier d'Ere(TOU) 13, 7500 Tournai, BelgiumKBO/BCE: BE 1013.955.549
Summary

The computed 12-month bankruptcy probability of The Glow Project is 1.7% (moderate). The 2025 annual accounts show negative equity (-€3,283) and a net result of -€7,283. Its solvency ranks better than 12% of 22,158 sector peers (NACE 47, fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Other non-specialised retail sale
NACE 47120
1 site
Size
€6,387total assets 2025
Equity
-€3,283
Loss
-€7,283
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Structure
Accounts 29 days early0 of 2 deeds read
Why 53- Founded in 2024- Negative equity -€3,283+ Size: total assets €6,387+ Liquidity: current ratio 0.40, cash €1,333Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 12% of its sector peers (NACE 47, micro)
Financial strength
Weak
Solvency 0
equity -51.4% of total assets
Liquidity 26
short-term debt 151.4% · cash 20.9%
Profitability 0
return on assets -114.0%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,169 companies)
Last 24 months 10-2025: 1.8% 11-2025: 1.8%● unchanged vs 10-2025 12-2025: 1.9%▲ +0.1 percentage points vs 11-2025 01-2026: 2.2%▲ +0.3 percentage points vs 12-2025 02-2026: 2.3%▲ +0.1 percentage points vs 01-2026 03-2026: 2.6%▲ +0.3 percentage points vs 02-2026 04-2026: 2.6%● unchanged vs 03-2026 05-2026: 2.8%▲ +0.2 percentage points vs 04-2026 06-2026: 2.9%▲ +0.1 percentage points vs 05-2026 07-2026: 2.7%▼ -0.2 percentage points vs 06-2026 08-2026: 3.0%▲ +0.3 percentage points vs 07-2026 09-2026: 3.1%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 1.7%▼ -1.4 percentage points vs 09-2026lowest value
No credit on open account
Liquidity short (current ratio 0.4; short-term debt: 151.4% and cash: 20.9% of total assets), 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 47, micro): better than 6% on solvency, 23% on liquidity and 6% on profitability.

The bankruptcy probability was computed on 07-10-2026 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

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €6,387
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.40, cash €1,333
NBB · annual accounts
raises risk · Founded in 2024
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Negative equity -€3,283
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-01-2026, 29 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
29 days early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€3,283 View
  • Caution: Among the weakest 13% on solvencysector median 33.8% · 22,158 companies -51.4% View
  • Total assets 2025first fiscal year filed €6,387 View

By topic

Financials

Fiscal year
2025
Total assets
€6,387
Loss
-€7,283
Solvency
-51.4%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Other non-specialised retail saleNACE 47120
Founded
23-09-2024
Year ends
30-06
Peppol
Not found in the Peppol directory
Go to Company details

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