DEGESTEN
ActiveSummary
DEGESTEN has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €334,412 and a net result of -€10,360. Equity is shrinking by ~4.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▼-8
Solvency100=
Growth56=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 6.96 against 13.72 in 2023; short-term debt: 6.1% and cash: 39.8% of total assets), and 6.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% 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
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
93.9%
Return on assets
-2.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
41 d early
2023
50 d early
2022
47 d early
2021
61 d early
2020
52 d early
2019
45 d early
← 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 49 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% 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. Usually files around 14 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
In the rankings
#3 oldest company in the province of Luxembourg, Energy sector
Turnover
€17,717▲ 45.8%
2020 · €12,151
EBIT margin
-192.0%▲ 60.9pp
2020 · -252.9%
Net result
-€10,360
2023 · €12,852
Working capital
€130,157▼ 29.6%
2023 · €184,812
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€12,151▼ 8.9%€17,717▲ 45.8%
Operating result-€30,727▲ 2.0%-€34,011▼ 10.7%-€8,092▲ 76.2%€7,389-€15,960
Net result-€20,839below the sector's middle half=-€25,793below the sector's middle half▼ 23.8%-€2,550below the sector's middle half▲ 90.1%€12,852within the sector's middle half-€10,360below the sector's middle half
EBIT margin-252.9%▼ 17.7pp-192.0%▲ 60.9pp
Equity€385,471above the sector's middle half▼ 7.4%€351,256within the sector's middle half▼ 8.9%€343,111within the sector's middle half▼ 2.3%€350,368within the sector's middle half▲ 2.1%€334,412within the sector's middle half▼ 4.6%
Total assets€385,723within the sector's middle half▼ 7.5%€351,968below the sector's middle half▼ 8.8%€344,892within the sector's middle half▼ 2.0%€365,432within the sector's middle half▲ 6.0%€356,254within the sector's middle half▼ 2.5%
Debt€252▼ 64.3%€712▲ 183%€1,781▲ 150%€15,065▲ 746%€21,843▲ 45.0%
Working capital€186,851above the sector's middle half▲ 1.1%€183,870within the sector's middle half▼ 1.6%€194,412within the sector's middle half▲ 5.7%€184,812within the sector's middle half▼ 4.9%€130,157within the sector's middle half▼ 29.6%
Solvency99.9%above the sector's middle half▲ 0.1pp99.8%above the sector's middle half▼ 0.1pp99.5%above the sector's middle half▼ 0.3pp95.9%above the sector's middle half▼ 3.6pp93.9%above the sector's middle half▼ 2.0pp
Current ratio13.72above the sector's middle half6.96above the sector's middle half▼ 6.76
Return on assets (ROA)-5.4%below the sector's middle half▼ 0.4pp-7.3%below the sector's middle half▼ 1.9pp-0.7%below the sector's middle half▲ 6.6pp3.5%within the sector's middle half▲ 4.3pp-2.9%within the sector's middle half▼ 6.4pp
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15,960 after €7,389 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €356,254
Fixed assets
€204,254 ▲ 23.0%
Current assets
€152,000 ▼ 23.7%
Equity and liabilities €356,254
Equity
€334,412 ▼ 4.6%
Debt
€21,843 ▲ 45.0%
Debt's share of the balance-sheet total rises from 4.1% to 6.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€14,190▼
2023 · €27,183
Cash flow
€19,790▼
2023 · €32,647
Debt to equity
0.07▲
2023 · 0.04
ROE
-3.1%▼
2023 · 3.7%
Interest coverage
88.01▼
2023 · 205.90
Debt ≤ 1 year
€21,843▲
2023 · €14,530
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 12,321 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €12,151 | €17,717 | - | - | - | - |
| Non-recurring operating income76A | - | €27 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €20,324 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,190 | €31,084 | €18,837 | €19,795 | €30,150 | ▲ 52.3% |
| Other operating charges640/8 | - | €347 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €2,810 | -€2,580 | €11,092 | €27,568 | €14,578 | ▼ 47.1% |
| Operating profit (loss)9901 | -€30,727 | -€34,011 | -€8,092 | €7,389 | -€15,960 | ▼ 316% |
| Financial income75/76B | - | €8,421 | €5,596 | €5,596 | €5,761 | ▲ 2.9% |
| Recurring financial income75 | €9,932 | €8,421 | €5,596 | €5,596 | €5,761 | ▲ 2.9% |
| Financial charges65/66B | - | €203 | €53 | €132 | €161 | ▲ 22.1% |
| Recurring financial charges65 | €44 | €203 | €53 | €132 | €161 | ▲ 22.1% |
| Profit (loss) for the period before taxes9903 | -€20,839 | -€25,793 | -€2,550 | €12,852 | -€10,360 | ▼ 181% |
| Profit (loss) for the period9904 | -€20,839 | -€25,793 | -€2,550 | €12,852 | -€10,360 | ▼ 181% |
| Profit (loss) for the period to be appropriated9905 | -€20,839 | -€25,793 | -€2,550 | €12,852 | -€10,360 | ▼ 181% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €385,723 | €351,968 | €344,892 | €365,432 | €356,254 | ▼ 2.5% |
| Fixed assets21/28 | €198,620 | €167,536 | €148,699 | €166,090 | €204,254 | ▲ 23.0% |
| Tangible fixed assets22/27 | €198,620 | €167,536 | €148,699 | €166,090 | €204,254 | ▲ 23.0% |
| Plant, machinery and equipment23 | - | €167,536 | €148,699 | €130,280 | €177,741 | ▲ 36.4% |
| Furniture and vehicles24 | - | - | - | €35,810 | €26,513 | ▼ 26.0% |
| Current assets29/58 | €187,103 | €184,432 | €196,193 | €199,343 | €152,000 | ▼ 23.7% |
| Amounts receivable within one year40/41 | €2,592 | €4,013 | €5,326 | €5,012 | €9,769 | ▲ 94.9% |
| Trade receivables40 | - | €2,664 | €4,921 | €5,012 | €9,769 | ▲ 94.9% |
| Other amounts receivable41 | - | €1,349 | €406 | - | - | - |
| Cash at bank and in hand54/58 | €184,511 | €180,419 | €190,866 | €193,975 | €141,859 | ▼ 26.9% |
| Deferred charges and accrued income490/1 | - | - | - | €355 | €372 | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €385,723 | €351,968 | €344,892 | €365,432 | €356,254 | ▼ 2.5% |
| Equity10/15 | €385,471 | €351,256 | €343,111 | €350,368 | €334,412 | ▼ 4.6% |
| Contributions10/11 | €371,840 | €371,840 | €371,840 | €371,840 | €371,840 | = |
| Capital10 | - | €371,840 | €371,840 | - | - | - |
| Issued capital100 | - | €371,840 | €371,840 | - | - | - |
| Reserves13 | €15,300 | €15,300 | €15,300 | €15,300 | €15,300 | = |
| Non-distributable reserves130/1 | - | €15,300 | €15,300 | - | - | - |
| Legal reserve130 | - | €15,300 | €15,300 | - | - | - |
| Distributable reserves133 | - | - | - | €15,300 | €15,300 | = |
| Profit (loss) carried forward14 | -€59,837 | -€85,630 | -€88,180 | -€75,327 | -€85,688 | ▼ 13.8% |
| Investment grants15 | - | €49,746 | €44,151 | €38,555 | €32,959 | ▼ 14.5% |
| Amounts payable17/49 | €252 | €712 | €1,781 | €15,065 | €21,843 | ▲ 45.0% |
| Amounts payable within one year42/48 | €252 | €562 | €1,781 | €14,530 | €21,843 | ▲ 50.3% |
| Trade debts44 | €252 | €562 | €1,781 | €633 | €7,461 | ▲ 1,078% |
| Suppliers440/4 | - | €562 | €1,781 | €633 | €7,461 | ▲ 1,078% |
| Taxes, remuneration and social security45 | - | - | - | €721 | €2,127 | ▲ 195% |
| Taxes450/3 | - | - | - | €721 | €2,127 | ▲ 195% |
| Other amounts payable47/48 | - | - | - | €13,176 | €12,255 | ▼ 7.0% |
| Accrued charges and deferred income492/3 | - | €150 | - | €534 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,839 | -€25,793 | -€2,550 | €12,852 | -€10,360 | ▼ 181% |
| + Depreciation and write-downs630 | €33,190 | €31,084 | €18,837 | €19,795 | €30,150 | ▲ 52.3% |
| Operating cash flow (approximation) | €12,351 | €5,291 | €16,287 | €32,647 | €19,790 | ▼ 39.4% |
| Investment in fixed assets (approximation) | - | €0 | -€0 | -€37,185 | -€68,315 | ▼ 83.7% |
| Change in cash | - | -€4,092 | €10,447 | €3,108 | -€52,116 | ▼ 1,777% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €12,852
Net result €12,852 after 5 loss-making years.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€25,793
Net result drops to -€25,793, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 6current ratio 457.13
Current ratio from 79.48 to 457.13; short-term debt falls from €2,303 to €405.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Bouillon · 1 establishment unit since 2008
Ground area
852 m²
Building footprint
936 m²
Volume, LiDAR
17,974 m³
Parcel 84010D0449/00G002, Wallonia · tallest building 33.1 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DEGESTEN
since 20082.170.206.437
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84010D0449/00G002 | Wallonia | 852 m² | 1 · 936 m² | 33.1 m · 6 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 563 companies in sector 35150 we hold annual accounts for 230. 135 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
Founded25-02-2000
Fiscal year end31-12
Activities, NACEBEL 2025
35150Electricity, gas, steam and air conditioning supply
02100Forestry and logging
35110Production of electricity from non-renewable sources
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471213033
Also
9925:BE0471213033
Registered
16-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.