DEGECO
ActiveSummary
DEGECO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.31M and a net result of €-44k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 80% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68=
Solvency97=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity ample (current ratio 3.32 against 2.95 in 2024; short-term debt: 8.2% and cash: 7% of total assets), and 28.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-10-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
6 d early
2023
5 d early
2022
2 d late
2021
3 d late
2020
3 d early
2018
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.31M▼ 1.3%
2024 · €3.35M
Total assets
€4.61M▼ 1.2%
2024 · €4.67M
Net result
€-44k▼ 111%
2024 · €-21k
Working capital
€877k▲ 11.8%
2024 · €784k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€401k▼ 73.6%€484k▲ 20.6%€347k▼ 28.3%€-24k€-1k▲ 94.1%
Net result€300k▼ 71.8%€359k▲ 19.6%€234k▼ 34.7%€-21k€-44k▼ 111%
Equity€3.21M▲ 10.3%€3.57M▲ 11.2%€3.37M▼ 5.5%€3.35M▼ 0.6%€3.31M▼ 1.3%
Total assets€5.03M▼ 17.5%€4.94M▼ 1.9%€4.98M▲ 0.8%€4.67M▼ 6.2%€4.61M▼ 1.2%
Debt€1.82M▼ 42.9%€1.37M▼ 24.8%€1.55M▲ 12.9%€1.27M▼ 18.3%€1.26M▼ 0.8%
Working capital€759k▲ 79.2%€555k▼ 26.9%€710k▲ 27.9%€784k▲ 10.5%€877k▲ 11.8%
Staff (FTE)1=1=1=0▼ 100%0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €24k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.61M
Fixed assets
€3.36M ▼ 3.6%
Current assets
€1.26M ▲ 5.9%
Equity and liabilities €4.61M
Equity
€3.31M ▼ 1.3%
Provisions
€48k ▼ 5.9%
Debt
€1.26M ▼ 0.8%
Debt's share of the balance-sheet total rises from 27.1% to 27.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€253k▲
2024 · €236k
Cash flow
€211k▼
2024 · €239k
Current ratio
3.32▲
2024 · 2.95
Debt to equity
0.38▲
2024 · 0.38
ROE
-1.3%▼
2024 · -0.6%
ROA
-0.9%▼
2024 · -0.4%
Interest coverage
16.71▼
2024 · 18.64
Debt ≤ 1 year
€379k▼
2024 · €402k
Debt > 1 year
€875k▲
2024 · €860k
Income taxes
€46k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €419k | €0 | - | - |
| Remuneration, social security and pensions62 | - | €33k | €33k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €248k | €253k | €263k | €260k | €255k | ▼ 1.9% |
| Other operating charges640/8 | - | €22k | €24k | €26k | €27k | ▲ 4.0% |
| Non-recurring operating charges66A | - | - | €3k | €0 | - | - |
| Gross operating margin9900 | €696k | €792k | €671k | €262k | €280k | ▲ 7.2% |
| Operating profit (loss)9901 | €401k | €484k | €347k | €-24k | €-1k | ▲ 94.1% |
| Financial income75/76B | - | €12k | €7k | €25k | €16k | ▼ 36.5% |
| Recurring financial income75 | €6k | €12k | €7k | €15k | €16k | ▲ 4.8% |
| Non-recurring financial income76B | - | - | - | €10k | €0 | ▼ 100% |
| Financial charges65/66B | - | €8k | €12k | €13k | €15k | ▲ 20.0% |
| Recurring financial charges65 | €10k | €8k | €12k | €13k | €15k | ▲ 20.0% |
| Profit (loss) for the period before taxes9903 | €397k | €488k | €342k | €-11k | €-456 | ▲ 96.0% |
| Transfer from deferred taxes780 | - | - | €6k | €3k | €3k | = |
| Transfer to deferred taxes680 | - | - | €60k | €0 | - | - |
| Income taxes67/77 | €97k | €129k | €53k | €12k | €46k | ▲ 272% |
| Profit (loss) for the period9904 | €300k | €359k | €234k | €-21k | €-44k | ▼ 111% |
| Transfer from tax-exempt reserves789 | - | €0 | €24k | €138k | €487k | ▲ 254% |
| Transfer to tax-exempt reserves689 | - | €168k | €241k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €318k | €190k | €17k | €117k | €443k | ▲ 279% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.03M | €4.94M | €4.98M | €4.67M | €4.61M | ▼ 1.2% |
| Fixed assets21/28 | €3.96M | €4.03M | €3.69M | €3.48M | €3.36M | ▼ 3.6% |
| Tangible fixed assets22/27 | €3.88M | €3.95M | €3.44M | €3.23M | €3.10M | ▼ 3.9% |
| Land and buildings22 | - | €3.62M | €2.99M | €2.84M | €2.68M | ▼ 5.7% |
| Plant, machinery and equipment23 | - | €287k | €411k | €371k | €300k | ▼ 19.0% |
| Furniture and vehicles24 | - | €30k | €20k | €9k | €4k | ▼ 54.3% |
| Other tangible fixed assets26 | - | €11k | €12k | €6k | €117k | ▲ 1,890% |
| Financial fixed assets28 | €79k | €79k | €254k | €254k | €254k | = |
| Current assets29/58 | €1.07M | €907k | €1.28M | €1.19M | €1.26M | ▲ 5.9% |
| Amounts receivable within one year40/41 | €379k | €397k | €596k | €630k | €826k | ▲ 31.0% |
| Trade receivables40 | - | €3k | €10k | €22k | €20k | ▼ 9.4% |
| Other amounts receivable41 | - | €394k | €586k | €609k | €806k | ▲ 32.4% |
| Current investments50/53 | €73k | €75k | €106k | €107k | €108k | ▲ 1.1% |
| Cash at bank and in hand54/58 | €620k | €434k | €582k | €449k | €322k | ▼ 28.2% |
| Deferred charges and accrued income490/1 | - | €168 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.03M | €4.94M | €4.98M | €4.67M | €4.61M | ▼ 1.2% |
| Equity10/15 | €3.21M | €3.57M | €3.37M | €3.35M | €3.31M | ▼ 1.3% |
| Contributions10/11 | - | €30k | €30k | €30k | €30k | = |
| Reserves13 | €2.78M | €3.14M | €2.94M | €2.92M | €2.88M | ▼ 1.5% |
| Non-distributable reserves130/1 | - | €58k | €58k | €58k | €58k | = |
| Reserves not available under the articles1311 | - | €58k | €58k | €58k | €58k | = |
| Tax-exempt reserves132 | - | €927k | €1.14M | €1.01M | €519k | ▼ 48.4% |
| Distributable reserves133 | - | €2.15M | €1.74M | €1.86M | €2.30M | ▲ 23.9% |
| Profit (loss) carried forward14 | €398k | €398k | €397k | €397k | €397k | = |
| Provisions and deferred taxes16 | - | - | €54k | €51k | €48k | ▼ 5.9% |
| Deferred taxes168 | - | - | €54k | €51k | €48k | ▼ 5.9% |
| Amounts payable17/49 | €1.82M | €1.37M | €1.55M | €1.27M | €1.26M | ▼ 0.8% |
| Amounts payable after more than one year17 | €861k | €956k | €975k | €860k | €875k | ▲ 1.7% |
| Financial debts170/4 | - | €956k | €973k | €860k | €875k | ▲ 1.7% |
| Other amounts payable178/9 | - | - | €2k | €0 | - | - |
| Amounts payable within one year42/48 | €314k | €352k | €574k | €402k | €379k | ▼ 5.8% |
| Current portion of amounts payable after more than one year42 | - | €99k | €128k | €129k | €144k | ▲ 11.8% |
| Financial debts43 | - | €35k | €0 | - | - | - |
| Credit institutions430/8 | - | €35k | €0 | - | - | - |
| Trade debts44 | €26k | €95k | €105k | €45k | €42k | ▼ 8.6% |
| Suppliers440/4 | - | €95k | €105k | €45k | €42k | ▼ 8.6% |
| Taxes, remuneration and social security45 | - | €28k | €14k | €14k | €49k | ▲ 257% |
| Taxes450/3 | - | €28k | €14k | €14k | €49k | ▲ 257% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €95k | €328k | €213k | €144k | ▼ 32.6% |
| Accrued charges and deferred income492/3 | - | €65k | €1k | €5k | €4k | ▼ 25.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €300k | €359k | €234k | €-21k | €-44k | ▼ 111% |
| + Depreciation and write-downs630 | €248k | €253k | €263k | €260k | €255k | ▼ 1.9% |
| Operating cash flow (approximation) | €548k | €611k | €497k | €239k | €211k | ▼ 11.6% |
| Investment in fixed assets (approximation) | - | €-325k | €76k | €-51k | €-128k | ▼ 153% |
| Change in cash | - | €-186k | €148k | €-133k | €-127k | ▲ 4.8% |
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
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series.
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
31-03
Financial
Liquidity triplescurrent ratio 3.42
Current ratio from 1.22 to 3.42; short-term debt falls from €1.91M to €314k.
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2018
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
09-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Genk · 6 establishment units since 2001
Ground area
3.0 ha
Building footprint
6,894 m²
Volume, LiDAR
19,329 m³
6 parcels, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
6 establishment units
DEGECO
since 20012.251.541.234
Self Storage Box
since 20252.386.648.277
Self Storage Box
since 20262.386.648.772
Self Storage Box
since 20262.386.649.465
Self Storage Box
since 20262.386.650.158
Self Storage Box
since 20262.386.650.950
6 parcels
Flanders
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73060B0071/00L000 | Flanders | 1.2 ha | 1 · 2,014 m² | 0.1 m |
| 73042C0199/00C000 | Flanders | 9,719 m² | 1 · 1,998 m² | 10.0 m |
| 71302A0032/00E036 | Flanders | 5,876 m² | 1 · 2,167 m² | 8.5 m · 3 fl. |
| 71016I0492/00C002 | Flanders | 1,093 m² | 1 · 201 m² | 9.0 m · 1 fl. |
| 73043B1401/00M002 | Flanders | 827 m² | 1 · 482 m² | 0.1 m |
| 71016I0747/00V000 | Flanders | 731 m² | 1 · 33 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 179 EUR awarded · 179 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 179 EUR | 179 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 3,122 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 (pre-2019)
Founded16-02-2001
Fiscal year end31-03
Activities, NACEBEL 2025
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
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
luc.dewerdt@gmail.comGenk
Scores and ratios are computed by Checked and are not a credit decision.