Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €67,601 falls due within a year.
Lower net result than 95% of companies in wholesale trade. Sector median €5,606 · 13,811 companies.
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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). It does better than 12% of them on solvency, 47% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 7,639 companies had the same profile as DCL Technology has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DCL Technology itself: 5.4% within 12 months.
The method was tested on the 497,447 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 DCL Technology. 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.
Liquidity is ample, with a current ratio of 2.28, above the usual 1.5. Short-term debt is 21.7% and cash 3.9% of total assets. However, equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| DCL Technology Malle | €311,075 | -€60,641 | -24.6% | - |
| MONYTR Kontich | €337,410 | -€312,441 | -21.9% | - |
| GoWam Uccle | €172,715 | -€6,184 | 90.7% | - |
| GSM2GO Genk | €181,052 | -€1,996 | 1.1% | - |
| ICC DIGITAL INDUSTRIAL TECHNOLOGIES Antwerp | €292,655 | -€109,497 | 84.2% | - |
| VISIOBACK Mouscron | €90,818 | -€9,058 | 13.5% | - |
| NOUVEAU CASH Liège | €115,106 | -€1,733 | 0.4% | - |
These companies have the same main activity as DCL Technology: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €90,800 and €337,000, founded between 2022 and 2024.
The computed 12-month bankruptcy probability of DCL Technology is 5.4% (elevated). The 2025 annual accounts show negative equity (-€76,526) and a net result of -€82,526.
Its solvency ranks better than 14% of 13,805 sector peers (NACE 46, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 14% of 13,805 companies in 2025.
Higher than 62% of 13,186 companies in 2025.
Higher than 9% of 13,365 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
311,075 | |
21/28 |
157,147 | |
22/27 |
91,267 | |
22 |
6,270 | |
23 |
43,413 | |
24 |
41,585 | |
28 |
65,880 | |
29/58 |
153,928 | |
3 |
130,519 | |
30/36 |
130,519 | |
40/41 |
8,706 | |
41 |
8,706 | |
54/58 |
12,190 | |
490/1 |
2,514 | |
| Balance sheet: equity and liabilities | ||
10/49 |
311,075 | |
10/15 |
-76,526 | |
10/11 |
6,000 | |
14 |
-82,526 | |
17/49 |
387,601 | |
17 |
320,000 | |
178/9 |
320,000 | |
42/48 |
67,601 | |
44 |
67,308 | |
440/4 |
67,308 | |
45 |
95 | |
450/3 |
95 | |
47/48 |
198 | |
| Income statement | ||
9900 |
-60,641 | |
630 |
15,942 | |
640/8 |
5,641 | |
9901 |
-82,224 | |
65/66B |
206 | |
65 |
206 | |
9903 |
-82,430 | |
67/77 |
95 | |
9904 |
-82,526 | |
9905 |
-82,526 | |
| Appropriation of the result | ||
9906 |
-82,526 | |
| Document | ||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-10-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-10-2026 | 2026-00554369 |
| Line | Trend | 2025 |
|---|---|---|
| -66,282 | ||
| -66,584 | ||
| 173,089 | ||
| 86,327 | ||
| -24.6% | ||
| 2.28 | ||
| 0.35 | ||
| -26.5% | ||
| -321.04 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 |
|---|---|
| Tangible fixed assets | €107,209 |
| Financial fixed assets | €65,880 |
| €15,942 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Equity is negative. Debt (€387,601) exceeds the balance-sheet total (€311,075).
DCL Technology has no parent and no holdings in its annual accounts. LIU Zhilin is the only director. DCL Technology shares no director with another company.
| ETAP Lighting International
registered office since 01-01-1984 · founded in 1983 |
240 FTE (2025) 0424.980.655 |
| ETAP Services
registered office since 21-12-2018 · founded in 2018 |
turnover €2.0m (2025) 0716.763.583 |
| Emmery Fire
registered office since 06-04-1995 · founded in 1995 |
8.1 FTE (2020) 0454.770.939 |
| UNIT
registered office since 01-10-2008 |
founded in 2008 0899.931.554 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
DCL Technology was incorporated on 17 July 2024 as a private limited company by two natural persons, with a starting capital of €6,000.12 The registered office was moved to Malle in 2025.3 Since 2024, LIU Zhilin has served as director.4
| Establishment | Since | Unit number |
|---|---|---|
| Antwerpsesteenweg 130 registered office 2390 Malle | 17-07-2024 | 2.364.084.394 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11032A0642/00A002 | 5.1 ha | - | - |
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