DEGES
ActiveSummary
DEGES has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €10,064. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 95% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-5
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 77.78 against 74.06 in 2024; short-term debt: 0.9% and cash: 67.8% of total assets), and 0.9% 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 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
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
99.1%
Return on assets
1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
45 d late
2024
54 d late
2023
27 d late
2022
31 d late
2021
61 d late
2019
32 d late
2018
30 d late
← 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 40 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10,064▼ 81.0%
2024 · €52,954
Working capital
€722,959▲ 8.0%
2024 · €669,701
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€53,836-€53,356▼ 0.9%€67,099▲ 25.8%€66,691▼ 0.6%€8,964▼ 86.6%
Net result€37,222above the sector's middle half-€43,187above the sector's middle half▲ 16.0%€50,977above the sector's middle half▲ 18.0%€52,954above the sector's middle half▲ 3.9%€10,064within the sector's middle half▼ 81.0%
Equity€890,966above the sector's middle half-€934,153above the sector's middle half▲ 4.8%€985,130above the sector's middle half▲ 5.5%€1.0mabove the sector's middle half▲ 5.4%€1.0mwithin the sector's middle half▲ 1.0%
Total assets€913,893within the sector's middle half-€945,617within the sector's middle half▲ 3.5%€1.0mwithin the sector's middle half▲ 6.3%€1.0mwithin the sector's middle half▲ 4.2%€1.1mwithin the sector's middle half▲ 1.0%
Debt€22,927-€11,464▼ 50.0%€19,881▲ 73.4%€9,336▼ 53.0%€9,586▲ 2.7%
Working capital€552,473-€600,187▲ 8.6%€702,049▲ 17.0%€669,701▼ 4.6%€722,959▲ 8.0%
Solvency97.5%above the sector's middle half-98.8%above the sector's middle half▲ 1.3pp98.0%above the sector's middle half▼ 0.8pp99.1%above the sector's middle half▲ 1.1pp99.1%above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 87% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€325,358 ▼ 11.7%
Current assets
€732,376 ▲ 7.9%
Equity and liabilities €1.1m
Equity
€1.0m ▲ 1.0%
Debt
€9,586 ▲ 2.7%
Debt's share of the balance-sheet total stays at 0.9%.
Key figures and ratios
EBITDA
€52,159▼
2024 · €124,139
Cash flow
€53,259▼
2024 · €110,403
Current ratio
77.78▲
2024 · 74.06
Debt to equity
0.01▲
2024 · 0.01
ROE
1.0%▼
2024 · 5.1%
ROA
1.0%▼
2024 · 5.1%
Interest coverage
106.37▼
2024 · 206.89
Debt ≤ 1 year
€9,416▲
2024 · €9,166
Income taxes
€4,417▼
2024 · €15,035
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 14,684 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,000 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,219 | €55,440 | €57,072 | €57,449 | €43,195 | ▼ 24.8% |
| Other operating charges640/8 | €21,447 | €20,975 | €22,920 | €24,460 | €25,470 | ▲ 4.1% |
| Gross operating margin9900 | €128,503 | €129,771 | €147,091 | €148,599 | €77,629 | ▼ 47.8% |
| Operating profit (loss)9901 | €53,836 | €53,356 | €67,099 | €66,691 | €8,964 | ▼ 86.6% |
| Financial income75/76B | €432 | €73 | €2,026 | €1,898 | €6,007 | ▲ 216% |
| Recurring financial income75 | €432 | €73 | €1,392 | €1,898 | €5,732 | ▲ 202% |
| Non-recurring financial income76B | - | - | €635 | - | €275 | - |
| Financial charges65/66B | €411 | €250 | €511 | €600 | €490 | ▼ 18.3% |
| Recurring financial charges65 | €411 | €250 | €511 | €600 | €490 | ▼ 18.3% |
| Profit (loss) for the period before taxes9903 | €53,857 | €53,179 | €68,614 | €67,989 | €14,481 | ▼ 78.7% |
| Income taxes67/77 | €16,635 | €9,992 | €17,637 | €15,035 | €4,417 | ▼ 70.6% |
| Profit (loss) for the period9904 | €37,222 | €43,187 | €50,977 | €52,954 | €10,064 | ▼ 81.0% |
| Profit (loss) for the period to be appropriated9905 | €37,222 | €43,187 | €50,977 | €52,954 | €10,064 | ▼ 81.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €913,893 | €945,617 | €1.0m | €1.0m | €1.1m | ▲ 1.0% |
| Fixed assets21/28 | €338,648 | €333,987 | €283,271 | €368,553 | €325,358 | ▼ 11.7% |
| Tangible fixed assets22/27 | €338,648 | €333,987 | €283,271 | €368,553 | €325,358 | ▼ 11.7% |
| Land and buildings22 | €338,648 | €333,987 | €283,271 | €368,553 | €325,358 | ▼ 11.7% |
| Furniture and vehicles24 | - | €0 | €0 | €0 | €0 | - |
| Current assets29/58 | €575,245 | €611,630 | €721,741 | €678,867 | €732,376 | ▲ 7.9% |
| Amounts receivable within one year40/41 | €36,300 | €21,360 | €35,586 | €37,336 | €13,662 | ▼ 63.4% |
| Trade receivables40 | €36,300 | €16,371 | €30,000 | €36,300 | - | - |
| Other amounts receivable41 | - | €4,989 | €5,586 | €1,036 | €13,662 | ▲ 1,219% |
| Cash at bank and in hand54/58 | €538,905 | €590,269 | €684,359 | €639,735 | €717,345 | ▲ 12.1% |
| Deferred charges and accrued income490/1 | €41 | €0 | €1,795 | €1,797 | €1,370 | ▼ 23.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €913,893 | €945,617 | €1.0m | €1.0m | €1.1m | ▲ 1.0% |
| Equity10/15 | €890,966 | €934,153 | €985,130 | €1.0m | €1.0m | ▲ 1.0% |
| Contributions10/11 | €267,000 | €267,000 | €267,000 | €267,000 | €267,000 | = |
| Capital10 | €267,000 | €267,000 | €267,000 | €267,000 | €267,000 | = |
| Issued capital100 | €267,000 | €267,000 | €267,000 | €267,000 | €267,000 | = |
| Reserves13 | €623,966 | €667,153 | €718,130 | €771,084 | €781,148 | ▲ 1.3% |
| Non-distributable reserves130/1 | €26,700 | €26,700 | €26,700 | €26,700 | €26,700 | = |
| Legal reserve130 | €26,700 | €26,700 | €26,700 | €26,700 | €26,700 | = |
| Distributable reserves133 | €597,266 | €640,453 | €691,430 | €744,384 | €754,448 | ▲ 1.4% |
| Amounts payable17/49 | €22,927 | €11,464 | €19,881 | €9,336 | €9,586 | ▲ 2.7% |
| Amounts payable within one year42/48 | €22,772 | €11,443 | €19,691 | €9,166 | €9,416 | ▲ 2.7% |
| Trade debts44 | €1 | €70 | €1,279 | €243 | €243 | = |
| Suppliers440/4 | €1 | €70 | €1,279 | €243 | €243 | = |
| Taxes, remuneration and social security45 | €13,157 | €446 | €7,219 | €0 | €0 | - |
| Taxes450/3 | €13,157 | €446 | €7,219 | €0 | €0 | - |
| Other amounts payable47/48 | €9,614 | €10,927 | €11,193 | €8,923 | €9,173 | ▲ 2.8% |
| Accrued charges and deferred income492/3 | €155 | €21 | €190 | €170 | €170 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,222 | €43,187 | €50,977 | €52,954 | €10,064 | ▼ 81.0% |
| + Depreciation and write-downs630 | €53,219 | €55,440 | €57,072 | €57,449 | €43,195 | ▼ 24.8% |
| Operating cash flow (approximation) | €90,441 | €98,627 | €108,049 | €110,403 | €53,259 | ▼ 51.8% |
| Investment in fixed assets (approximation) | - | -€50,779 | -€6,355 | -€142,731 | €0 | ▲ 100% |
| Change in cash | - | €51,365 | €94,089 | -€44,624 | €77,610 | ▲ 274% |
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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 45 days late
2025
31-12
Financial
Weakest financial yearnet €10,064 ▼81%
Net result drops to €10,064, the lowest in the series.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Highest result since 2018net €52,954 ▲3.9%
Net result €52,954, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 74.06
Current ratio from 36.65 to 74.06; short-term debt falls from €19,691 to €9,166.
31-12
Financial
Equity above €1mEq €1.0m ▲5.4%
6 profitable years in a row build equity to €1.0m.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 53.45
Current ratio from 25.26 to 53.45; short-term debt falls from €22,772 to €11,443.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
Show earlier events
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Saint-Nicolas · 1 establishment unit since 1987
Ground area
691 m²
Building footprint
218 m²
Volume, LiDAR
1,065 m³
Parcel 62093B0324/00M000, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S.A. DEGES
since 19872.031.559.486
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62093B0324/00M000 | Wallonia | 691 m² | 1 · 218 m² | 7.1 m · 2 fl. |
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 9,146 companies in sector 68201 we hold annual accounts for 6,770. 4,813 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-10-1987
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432506469
Also
9925:BE0432506469
Registered
20-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.