D.G.A.

Active

Public limited companyfounded 1910116 yrs activeTorenlei 1A, 2950 Kapellen, BelgiumKBO/BCE: BE 0404.705.576

Summary

D.G.A. has been active since 1910 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €535,591 and a net result of -€1,500. Equity remains stable across the filed fiscal years (±1.8% per year). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch Report Compare

D.G.A.ActiveChecked score 95/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€543,084total assets 2025

Equity: €535,591
Loss: -€1,500

Turnover not published (abridged schema)

Financial health

95 Excellent Checked score 2025

Bankruptcy chance 12 m: < 0.1%

Structure

Parent: Royal Antwerp Golf Club · 100%
Board: 3 members

Accounts on time1 of 10 deeds read

Why 95- 1 of the last 3 late+ Size: total assets €543,084+ Equity €535,591 (98.6% of total assets)+ Liquidity: current ratio 30.32, cash €143,058Show the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Better than 62% of its sector peers (no NACE code, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 100=

equity 98.6% of total assets

Liquidity 83+11

short-term debt 1.4% · cash 26.3%

Profitability 68=

return on assets -0.3%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

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

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%▼ -2.6% vs 12-2024lowest value 02-2025: < 0.1%● 0.0% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: < 0.1%▲ +2.6% vs 03-2025 05-2025: < 0.1%▲ +2.6% vs 04-2025 06-2025: < 0.1%▲ +2.5% vs 05-2025 07-2025: < 0.1%▲ +17.1% vs 06-2025 08-2025: 0.1%▲ +87.5% vs 07-2025 09-2025: 0.1%▲ +26.7% vs 08-2025 10-2025: 0.2%▲ +88.6% vs 09-2025 11-2025: 0.2%▲ +11.2% vs 10-2025 12-2025: 0.3%▲ +35.6% vs 11-2025 01-2026: 0.8%▲ +148% vs 12-2025 02-2026: 0.8%● 0.0% vs 01-2026 03-2026: 0.9%▲ +5.7% vs 02-2026highest value 04-2026: 0.2%▼ -77.8% vs 03-2026 05-2026: 0.2%▼ -2.1% vs 04-2026 06-2026: 0.2%● 0.0% vs 05-2026 07-2026: 0.2%▲ +7.0% vs 06-2026 08-2026: < 0.1%▼ -80.3% vs 07-2026 09-2026: < 0.1%● 0.0% vs 08-2026 10-2026: < 0.1%● 0.0% vs 09-2026

Size: total assets €543,084 lowers the probability for this profile
Equity €535,591 (98.6% of total assets) lowers the probability
Liquidity: current ratio 30.32, cash €143,058 lowers the probability
1 of the last 3 late raises the probability

Credit up to €50,000 at 30 days acceptable

Liquidity ample (current ratio 30.32 against 33.74 in 2024; short-term debt: 1.4% and cash: 26.3% of total assets), and 1.4% 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 (no NACE code, micro). Better than this share of them on solvency 81%, liquidity 75%, profitability 46%, growth against the median 44%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Size: total assets €543,084

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Equity €535,591 (98.6% of total assets)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Liquidity: current ratio 30.32, cash €143,058

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

1 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

on the day

2024

214 d late

2023

6 d early

2022

18 d late

2021

2 d early

2019

56 d late

2018

27 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 36 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

03-10-2026 today31-12-2026 close31-07-2027 deadline

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