DEGEE
ActiveSummary
DEGEE has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145,372 and a net result of -€29,663. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 21% of 427 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, micro format
Turnover
≈ €120,000
Estimated: probably between €74,000 and €220,000
Total assets
€963,994▼ 2.1%
2024 · €985,037
Net result
-€29,663▼ 281%
2024 · -€7,789
Working capital
-€300,711▼ 13.8%
2024 · -€264,151
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €10,653 in 2025 against €4,313 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€10,653
2025
Net result-€29,663
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€963,994
2025
Equity€145,372
2025
Debt€813,605
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€300,711
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-3.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency15.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.06
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2021
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€3,195-€146,914-€6,177€29,801€50,756▲ 70.3%€6,089▼ 88.0%-€4,313-€10,653▼ 147%
Net result€42-€106,140▲ 2,522×-€3,279below the sector's middle half€30,130within the sector's middle half€38,571above the sector's middle half▲ 28.0%€2,761within the sector's middle half▼ 92.8%-€7,789below the sector's middle half-€29,663below the sector's middle half▼ 281%
Equity€11,870-€118,010▲ 894%€114,731within the sector's middle half▼ 2.8%€144,062within the sector's middle half▲ 25.6%€181,832within the sector's middle half▲ 26.2%€184,517within the sector's middle half▲ 1.5%€175,869within the sector's middle half▼ 4.7%€145,372within the sector's middle half▼ 17.3%
Total assets€237,097-€414,641▲ 74.9%€371,663within the sector's middle half▼ 10.4%€394,067within the sector's middle half▲ 6.0%€445,635within the sector's middle half▲ 13.1%€433,478within the sector's middle half▼ 2.7%€985,037above the sector's middle half▲ 127%€963,994above the sector's middle half▼ 2.1%
Debt€225,227-€296,631▲ 31.7%€256,932▼ 13.4%€250,005▼ 2.7%€255,805▲ 2.3%€243,106▼ 5.0%€803,733▲ 231%€813,605▲ 1.2%
Working capital-€62,690--€95,095▼ 51.7%-€88,955below the sector's middle half▲ 6.5%-€98,252below the sector's middle half▼ 10.5%-€105,053below the sector's middle half▼ 6.9%-€120,939below the sector's middle half▼ 15.1%-€264,151below the sector's middle half▼ 118%-€300,711below the sector's middle half▼ 13.8%
Solvency5.0%-28.5%▲ 23.5pp30.9%within the sector's middle half▲ 2.4pp36.6%within the sector's middle half▲ 5.7pp40.8%within the sector's middle half▲ 4.2pp42.6%within the sector's middle half▲ 1.8pp17.9%below the sector's middle half▼ 24.7pp15.1%below the sector's middle half▼ 2.8pp
Current ratio0.49-0.41▼ 0.080.37below the sector's middle half▼ 0.040.14below the sector's middle half▼ 0.230.29below the sector's middle half▲ 0.150.18below the sector's middle half▼ 0.110.20below the sector's middle half▲ 0.020.06below the sector's middle half▼ 0.14
Return on assets (ROA)0.0%-25.6%▲ 25.6pp-0.9%below the sector's middle half▼ 26.5pp7.6%within the sector's middle half▲ 8.5pp8.7%within the sector's middle half▲ 1.0pp0.6%within the sector's middle half▼ 8.0pp-0.8%within the sector's middle half▼ 1.4pp-3.1%below the sector's middle half▼ 2.3pp
Staff (FTE)1-1=1within the sector's middle half=1=
above
within
below
the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €963,994
Fixed assets
€944,853 ▲ 2.7%
Current assets
€19,141 ▼ 70.6%
Equity and liabilities €963,994
Equity
€145,372 ▼ 17.3%
Provisions
€5,017 ▼ 7.7%
Debt
€813,605 ▲ 1.2%
Debt's share of the balance-sheet total rises from 81.6% to 84.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,218▲
2024 · €13,909
Cash flow
-€3,792▼
2024 · €10,433
Debt to equity
5.60▲
2024 · 4.57
ROE
-20.4%▼
2024 · -4.4%
Interest coverage
0.85▼
2024 · 3.64
Debt ≤ 1 year
€319,851▼
2024 · €329,256
Debt > 1 year
€493,754▲
2024 · €474,477
Income taxes
€1,242▲
2024 · €73
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €19,972 | €143 | €351 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,810 | €59,593 | €34,081 | €35,697 | €28,829 | €17,735 | €18,222 | €25,871 | ▲ 42.0% |
| Other operating charges640/8 | - | - | - | €13,593 | €18,469 | €18,634 | €21,971 | €15,324 | ▼ 30.3% |
| Gross operating margin9900 | €70,855 | €249,071 | €63,749 | €99,062 | €98,198 | €42,808 | €35,880 | €30,543 | ▼ 14.9% |
| Operating profit (loss)9901 | -€3,195 | €146,914 | -€6,177 | €29,801 | €50,756 | €6,089 | -€4,313 | -€10,653 | ▼ 147% |
| Financial income75/76B | - | - | - | €6,417 | €0 | €0 | - | €1 | - |
| Recurring financial income75 | €5,622 | €5,550 | €6,485 | €6,417 | €0 | €0 | - | €1 | - |
| Financial charges65/66B | - | - | - | €3,500 | €2,481 | €2,047 | €3,822 | €18,189 | ▲ 376% |
| Recurring financial charges65 | €2,175 | €4,782 | €3,344 | €3,500 | €2,481 | €2,047 | €3,822 | €17,910 | ▲ 369% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €279 | - |
| Profit (loss) for the period before taxes9903 | €252 | €120,550 | -€3,036 | €32,719 | €48,275 | €4,043 | -€8,135 | -€28,840 | ▼ 255% |
| Transfer from deferred taxes780 | - | - | - | - | €432 | €419 | €419 | €419 | = |
| Transfer to deferred taxes680 | - | - | - | - | €8,429 | - | - | - | - |
| Income taxes67/77 | €210 | €14,410 | €243 | €2,588 | €1,707 | €1,701 | €73 | €1,242 | ▲ 17× |
| Profit (loss) for the period9904 | €42 | €106,140 | -€3,279 | €30,130 | €38,571 | €2,761 | -€7,789 | -€29,663 | ▼ 281% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €1,295 | €1,258 | €1,258 | €1,258 | = |
| Transfer to tax-exempt reserves689 | - | - | - | - | €25,288 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €42 | €106,140 | -€3,279 | €30,130 | €14,578 | €4,018 | -€6,532 | -€28,405 | ▼ 335% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €237,097 | €414,641 | €371,663 | €394,067 | €445,635 | €433,478 | €985,037 | €963,994 | ▼ 2.1% |
| Fixed assets21/28 | €178,001 | €348,862 | €319,747 | €377,858 | €402,009 | €406,801 | €919,932 | €944,853 | ▲ 2.7% |
| Tangible fixed assets22/27 | €177,877 | €348,738 | €319,623 | €377,734 | €401,885 | €406,677 | €339,808 | €452,414 | ▲ 33.1% |
| Land and buildings22 | - | - | - | €357,324 | €368,021 | €364,572 | €290,903 | €395,243 | ▲ 35.9% |
| Plant, machinery and equipment23 | - | - | - | €15,382 | €24,846 | €34,022 | €36,716 | €29,694 | ▼ 19.1% |
| Furniture and vehicles24 | - | - | - | €5,029 | €9,018 | €8,083 | €12,189 | €27,478 | ▲ 125% |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | €124 | €580,124 | €492,439 | ▼ 15.1% |
| Current assets29/58 | €59,096 | €65,779 | €51,916 | €16,208 | €43,625 | €26,677 | €65,105 | €19,141 | ▼ 70.6% |
| Stocks and contracts in progress3 | €25,333 | €11,692 | €5,125 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €21,175 | €42,283 | €22,805 | €8,924 | €32,793 | €23,808 | €52,468 | €12,245 | ▼ 76.7% |
| Trade receivables40 | - | - | - | €5,634 | €6,566 | €19,577 | €10,465 | €7,355 | ▼ 29.7% |
| Other amounts receivable41 | - | - | - | €3,290 | €26,227 | €4,232 | €42,002 | €4,889 | ▼ 88.4% |
| Cash at bank and in hand54/58 | €10,502 | €9,272 | €22,440 | €5,940 | €9,739 | €245 | €1,236 | €5,265 | ▲ 326% |
| Deferred charges and accrued income490/1 | - | - | - | €1,344 | €1,094 | €2,624 | €11,401 | €1,631 | ▼ 85.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €237,097 | €414,641 | €371,663 | €394,067 | €445,635 | €433,478 | €985,037 | €963,994 | ▼ 2.1% |
| Equity10/15 | €11,870 | €118,010 | €114,731 | €144,062 | €181,832 | €184,517 | €175,869 | €145,372 | ▼ 17.3% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €68,488 | €68,488 | €68,488 | €95,690 | €134,260 | €137,745 | €136,487 | €126,780 | ▼ 7.1% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €23,993 | €17,565 | €16,308 | €15,050 | ▼ 7.7% |
| Distributable reserves133 | - | - | - | €93,830 | €108,408 | €120,180 | €120,180 | €111,730 | ▼ 7.0% |
| Profit (loss) carried forward14 | -€75,210 | €30,930 | €27,652 | €29,780 | €28,980 | €28,180 | €20,789 | - | - |
| Provisions and deferred taxes16 | - | - | - | - | €7,998 | €5,855 | €5,436 | €5,017 | ▼ 7.7% |
| Deferred taxes168 | - | - | - | - | €7,998 | €5,855 | €5,436 | €5,017 | ▼ 7.7% |
| Amounts payable17/49 | €225,227 | €296,631 | €256,932 | €250,005 | €255,805 | €243,106 | €803,733 | €813,605 | ▲ 1.2% |
| Amounts payable after more than one year17 | €103,282 | €135,757 | €116,061 | €134,157 | €107,127 | €95,491 | €474,477 | €493,754 | ▲ 4.1% |
| Financial debts170/4 | - | - | - | €134,157 | €107,127 | €95,491 | €474,477 | €493,754 | ▲ 4.1% |
| Amounts payable within one year42/48 | €121,786 | €160,874 | €140,871 | €114,460 | €148,678 | €147,616 | €329,256 | €319,851 | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €30,793 | €27,030 | €31,657 | €67,857 | €62,555 | ▼ 7.8% |
| Trade debts44 | €6,889 | €5,108 | €7,678 | €16,512 | €17,757 | €11,454 | €241,026 | €237,300 | ▼ 1.5% |
| Suppliers440/4 | - | - | - | €16,512 | €17,757 | €11,454 | €241,026 | €237,300 | ▼ 1.5% |
| Taxes, remuneration and social security45 | - | - | - | €8,479 | €6,961 | €3,613 | €790 | €515 | ▼ 34.8% |
| Taxes450/3 | - | - | - | €6,642 | €6,961 | €3,613 | €790 | €515 | ▼ 34.8% |
| Remuneration and social security454/9 | - | - | - | €1,837 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €58,676 | €96,930 | €100,892 | €19,583 | €19,482 | ▼ 0.5% |
| Accrued charges and deferred income492/3 | - | - | - | €1,388 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42 | €106,140 | -€3,279 | €30,130 | €38,571 | €2,761 | -€7,789 | -€29,663 | ▼ 281% |
| + Depreciation and write-downs630 | €34,810 | €59,593 | €34,081 | €35,697 | €28,829 | €17,735 | €18,222 | €25,871 | ▲ 42.0% |
| Operating cash flow (approximation) | €34,852 | €165,733 | €30,802 | €65,827 | €67,400 | €20,496 | €10,433 | -€3,792 | - |
| Investment in fixed assets (approximation) | - | -€230,454 | -€4,966 | -€93,808 | -€52,980 | -€22,526 | -€531,353 | -€50,792 | ▲ 90.4% |
| Change in cash | - | -€1,230 | €13,168 | -€16,499 | €3,798 | -€9,494 | €992 | €4,028 | ▲ 306% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00244413 |
| 31-12-2024 | micro format | 28-06-2025 | 2025-00208198 |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00290751 |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00281754 |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20140010 |
| 31-12-2020 | micro format | 14-05-2021 | 2021-14300211 |
| 31-12-2019 | micro format | 30-06-2020 | 2020-22500456 |
| 31-12-2018 | micro format | 29-08-2019 | 2019-53500360 |
| 31-12-2017 | micro format | 31-07-2018 | 2018-40200248 |
| 31-12-2016 | micro format | 21-08-2017 | 2017-45400324 |
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Of the 728 active companies whose main activity is cutting, shaping and finishing of stone (NACE 23700), figures are known for 498. 415 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.