DEDICO
ActiveDEDICO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €868k and a net result of €-179k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 47% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▼-33
Solvency52▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 18.95 against 17.93 in 2023; short-term debt: 2.7% and cash: 5.6% of total assets), but 72.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
27.3%
Return on assets
-5.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-04-2025, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
114 d early
2023
34 d early
2022
45 d early
2021
34 d early
2020
18 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-179k
2023 · €22k
2018: €41k
2019: €24k
2020: €85k
2021: €127k
2022: €51k
2023: €22k
2018 → 2024
Working capital
€1.53M▼ 6.0%
2023 · €1.63M
2018: €2.13M
2019: €2.57M
2020: €2.27M
2021: €1.91M
2022: €1.68M
2023: €1.63M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€836k-€962k▲ 15.1%€1.03M▲ 6.5%€1.05M▲ 2.1%€868k▼ 17.1%
Operating result€110k-€174k▲ 58.5%€86k▼ 50.4%€84k▼ 2.5%€-108k
Net result€85k-€127k▲ 48.7%€51k▼ 59.6%€22k▼ 57.8%€-179k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €108k after €84k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.17M
Fixed assets
€1.55M▼ 6.7%
Current assets
€1.62M▼ 6.3%
Equity and liabilities €3.17M
Equity
€868k▼ 17.1%
Provisions
€54k▼ 3.7%
Debt
€2.25M▼ 1.7%
The debt ratio rises from 67.5% to 70.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-26k▼
2023 · €166k
Cash flow
€-97k▼
2023 · €103k
Solvency
27.3%▼
2023 · 30.8%
Current ratio
18.95▲
2023 · 17.93
Quick ratio
2.27▼
2023 · 3.22
Debt / equity
2.60▲
2023 · 2.19
ROE
-20.6%▼
2023 · 2.1%
ROA
-5.6%▼
2023 · 0.6%
Interest coverage
-0.35▼
2023 · 3.03
Debt
€2.25M▼
2023 · €2.29M
Debt ≤ 1 year
€85k▼
2023 · €96k
Debt > 1 year
€2.16M▼
2023 · €2.17M
Income taxes
€0▼
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.39M€3.17M▼
Fixed assets21/28€1.67M€1.55M▼
Tangible fixed assets22/27€1.64M€1.55M▼
Land and buildings22€1.64M€1.55M▼
Financial fixed assets28€30k€0▼
Current assets29/58€1.73M€1.62M▼
Amounts receivable after more than one year29€259k€0▼
Trade receivables290€259k€0▼
Stocks and contracts in progress3€1.42M€1.43M▲
Stocks30/36€1.42M€1.43M▲
Amounts receivable within one year40/41€12k€13k▲
Trade receivables40€6k€5k▼
Other amounts receivable41€6k€8k▲
Cash at bank and in hand54/58€40k€178k▲
Deferred charges and accrued income490/1€377€3k▲
Equity and liabilities
Total equity and liabilities10/49€3.39M€3.17M▼
Equity10/15€1.05M€868k▼
Contributions10/11€94k€94k=
Capital10€94k€94k=
Issued capital100€94k€94k=
Reserves13€953k€774k▼
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Tax-exempt reserves132€185k€178k▼
Distributable reserves133€759k€586k▼
Provisions and deferred taxes16€56k€54k▼
Deferred taxes168€56k€54k▼
Amounts payable17/49€2.29M€2.25M▼
Amounts payable after more than one year17€2.17M€2.16M▼
Financial debts170/4€1.27M€659k▼
Other amounts payable178/9€899k€1.50M▲
Amounts payable within one year42/48€96k€85k▼
Current portion of amounts payable after more than one year42€77k€17k▼
Trade debts44€7k€7k▼
Suppliers440/4€7k€7k▼
Taxes, remuneration and social security45€11k€3k▼
Taxes450/3€11k€3k▼
Other amounts payable47/48-€58k
Accrued charges and deferred income492/3€24k€11k▼
Income statement
Code20232024
Non-recurring operating income76A€200-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€82k=
Other operating charges640/8€27k€29k▲
Non-recurring operating charges66A-€139k
Gross operating margin9900€193k€142k▼
Operating profit (loss)9901€84k€-108k▼
Financial income75/76B€11€34▲
Recurring financial income75€11€34▲
Non-recurring financial income76B-€0
Financial charges65/66B€55k€74k▲
Recurring financial charges65€55k€74k▲
Profit (loss) for the period before taxes9903€29k€-181k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€10k€0▼
Profit (loss) for the period9904€22k€-179k▼
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€28k€-173k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€-173k▼
Transfer from equity791/2-€173k
Transfer to equity691/2€28k€0▼
To other reserves6921€28k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-179k ▼929%
Net result drops to €-179k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1MEq €1.03M ▲6.5%
5 profitable years in a row build equity to €1.03M.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €127k ▲48.7%
Operating result €174k, net result €127k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Grâce-Hollogne · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Jeneffe 54460 Grâce-HollogneGround area
1,755 m²
Building footprint
738 m²
Volume, LiDAR
4,547 m³
Parcel 62454A0786/00G000, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEDICO
since 19882.034.726.636
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62454A0786/00G000 | Wallonia | 1,755 m² | 1 · 738 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 7,322 companies in sector 68110 we hold annual accounts for 5,382. 3,334 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-02-1988
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70120
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.