D2G
ActiveSummary
D2G has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,643 and a net result of €67,706. Equity is shrinking by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency46▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.17 in 2024; short-term debt: 78.9% and cash: 77.3% of total assets), and 78.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.1%
Return on assets
66.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 24%
← weakest
strongest →
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 23-01-2026, 8 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
8 d early
2024
49 d early
2023
94 d early
2022
75 d early
2021
31 d early
2020
19 d late
2019
70 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 13 December (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€21,643▲ 1.0%
2024 · €21,437
Total assets
€102,443▼ 18.0%
2024 · €125,003
Net result
€67,706▼ 0.1%
2024 · €67,752
Working capital
€19,008▲ 5.8%
2024 · €17,960
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€63,299▲ 55.4%€42,589▼ 32.7%€37,496▼ 12.0%€86,202▲ 130%€85,679▼ 0.6%
Net result€50,257within the sector's middle half▲ 57.6%€33,549within the sector's middle half▼ 33.2%€29,234within the sector's middle half▼ 12.9%€67,752above the sector's middle half▲ 132%€67,706above the sector's middle half▼ 0.1%
Equity€126,502within the sector's middle half▲ 65.9%€22,450below the sector's middle half▼ 82.3%€20,684below the sector's middle half▼ 7.9%€21,437below the sector's middle half▲ 3.6%€21,643within the sector's middle half▲ 1.0%
Total assets€153,183within the sector's middle half▲ 60.0%€180,550within the sector's middle half▲ 17.9%€66,833below the sector's middle half▼ 63.0%€125,003within the sector's middle half▲ 87.0%€102,443within the sector's middle half▼ 18.0%
Debt€26,681▲ 36.7%€158,100▲ 493%€46,149▼ 70.8%€103,566▲ 124%€80,800▼ 22.0%
Working capital€125,853within the sector's middle half▲ 67.9%€21,915within the sector's middle half▼ 82.6%€15,805within the sector's middle half▼ 27.9%€17,960within the sector's middle half▲ 13.6%€19,008within the sector's middle half▲ 5.8%
Solvency82.6%above the sector's middle half▲ 3.0pp12.4%below the sector's middle half▼ 70.1pp30.9%within the sector's middle half▲ 18.5pp17.1%below the sector's middle half▼ 13.8pp21.1%below the sector's middle half▲ 4.0pp
Current ratio5.76above the sector's middle half▲ 0.921.14within the sector's middle half▼ 4.631.34within the sector's middle half▲ 0.201.17within the sector's middle half▼ 0.171.24within the sector's middle half▲ 0.06
Return on assets (ROA)32.8%above the sector's middle half▼ 0.5pp18.6%within the sector's middle half▼ 14.2pp43.7%above the sector's middle half▲ 25.2pp54.2%above the sector's middle half▲ 10.5pp66.1%above the sector's middle half▲ 11.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,443
Fixed assets
€2,635 ▼ 27.8%
Current assets
€99,808 ▼ 17.8%
Equity and liabilities €102,443
Equity
€21,643 ▲ 1.0%
Debt
€80,800 ▼ 22.0%
Debt's share of the balance-sheet total falls from 82.9% to 78.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86,695▼
2024 · €87,430
Cash flow
€68,723▼
2024 · €68,980
Debt to equity
3.73▼
2024 · 4.83
ROE
312.8%▼
2024 · 316.1%
Interest coverage
258.67▼
2024 · 362.79
Debt ≤ 1 year
€80,800▼
2024 · €103,391
Income taxes
€17,637▼
2024 · €18,209
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €377 | €377 | €740 | €1,227 | €1,017 | ▼ 17.2% |
| Other operating charges640/8 | - | €348 | €348 | €384 | €654 | ▲ 70.2% |
| Gross operating margin9900 | €63,676 | €43,314 | €38,583 | €87,814 | €87,349 | ▼ 0.5% |
| Operating profit (loss)9901 | €63,299 | €42,589 | €37,496 | €86,202 | €85,679 | ▼ 0.6% |
| Financial income75/76B | - | €65 | - | - | - | - |
| Recurring financial income75 | - | €65 | - | - | - | - |
| Financial charges65/66B | - | €260 | €372 | €241 | €335 | ▲ 39.1% |
| Recurring financial charges65 | €173 | €260 | €372 | €241 | €335 | ▲ 39.1% |
| Profit (loss) for the period before taxes9903 | €63,126 | €42,395 | €37,124 | €85,961 | €85,343 | ▼ 0.7% |
| Income taxes67/77 | €12,869 | €8,846 | €7,890 | €18,209 | €17,637 | ▼ 3.1% |
| Profit (loss) for the period9904 | €50,257 | €33,549 | €29,234 | €67,752 | €67,706 | ▼ 0.1% |
| Profit (loss) for the period to be appropriated9905 | €50,257 | €33,549 | €29,234 | €67,752 | €67,706 | ▼ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153,183 | €180,550 | €66,833 | €125,003 | €102,443 | ▼ 18.0% |
| Fixed assets21/28 | €913 | €536 | €4,879 | €3,652 | €2,635 | ▼ 27.8% |
| Tangible fixed assets22/27 | €913 | €536 | €4,879 | €3,652 | €2,635 | ▼ 27.8% |
| Furniture and vehicles24 | - | €536 | €4,879 | €3,652 | €2,635 | ▼ 27.8% |
| Current assets29/58 | €152,269 | €180,015 | €61,954 | €121,351 | €99,808 | ▼ 17.8% |
| Amounts receivable within one year40/41 | €55,700 | €33,799 | €19,171 | €34,297 | €20,652 | ▼ 39.8% |
| Trade receivables40 | - | €30,559 | €17,061 | €34,297 | €18,289 | ▼ 46.7% |
| Other amounts receivable41 | - | €3,240 | €2,110 | - | €2,363 | - |
| Cash at bank and in hand54/58 | €96,569 | €145,855 | €42,783 | €87,054 | €79,156 | ▼ 9.1% |
| Deferred charges and accrued income490/1 | - | €360 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153,183 | €180,550 | €66,833 | €125,003 | €102,443 | ▼ 18.0% |
| Equity10/15 | €126,502 | €22,450 | €20,684 | €21,437 | €21,643 | ▲ 1.0% |
| Contributions10/11 | - | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €1,860 | €1,860 | - | - | - | - |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €118,442 | €1,990 | €224 | €977 | €1,183 | ▲ 21.1% |
| Amounts payable17/49 | €26,681 | €158,100 | €46,149 | €103,566 | €80,800 | ▼ 22.0% |
| Amounts payable within one year42/48 | €26,416 | €158,100 | €46,149 | €103,391 | €80,800 | ▼ 21.9% |
| Financial debts43 | - | €3 | €3 | €305 | €331 | ▲ 8.3% |
| Credit institutions430/8 | - | €3 | €3 | €305 | €331 | ▲ 8.3% |
| Trade debts44 | €0 | €255 | €151 | €17,232 | €139 | ▼ 99.2% |
| Suppliers440/4 | - | €255 | €151 | €17,232 | €139 | ▼ 99.2% |
| Taxes, remuneration and social security45 | - | €7,841 | €14,994 | €18,854 | €9,391 | ▼ 50.2% |
| Taxes450/3 | - | €7,841 | €14,994 | €15,154 | €9,391 | ▼ 38.0% |
| Remuneration and social security454/9 | - | - | - | €3,700 | - | - |
| Other amounts payable47/48 | - | €150,000 | €31,000 | €67,000 | €70,940 | ▲ 5.9% |
| Accrued charges and deferred income492/3 | - | - | - | €175 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,257 | €33,549 | €29,234 | €67,752 | €67,706 | ▼ 0.1% |
| + Depreciation and write-downs630 | €377 | €377 | €740 | €1,227 | €1,017 | ▼ 17.2% |
| Operating cash flow (approximation) | €50,634 | €33,926 | €29,974 | €68,980 | €68,723 | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | €0 | -€5,083 | €0 | €0 | - |
| Change in cash | - | €49,286 | -€103,072 | €44,271 | -€7,898 | ▼ 118% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €67,752 ▲132%
Operating result €86,202, net result €67,752, both a record.
2023
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €29,234 ▼12.9%
Net result drops to €29,234, the lowest in the series; recovery starts the following year.
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €100,000Eq €126,502 ▲65.9%
3 profitable years in a row build equity to €126,502.
19-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
30-06
Financial
Liquidity doublescurrent ratio 4.84
Current ratio from 2.30 to 4.84; short-term debt falls from €34,064 to €19,513.
2019
22-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2018
Ground area
288 m²
Building footprint
107 m²
Parcel 25083D0358/00X000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
D2G
since 20182.277.279.688
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25083D0358/00X000 | Wallonia | 288 m² | 1 · 107 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 31,461 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2018
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0698596374
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.