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 €334k and a net result of €-10k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 86% of 253 sector peers (fiscal year 2024). 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 €25k 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.
Credit check for your own amount and term
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 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
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 →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€18k▲ 45.8%
2020 · €12k
2018: €15k
2019: €13k▼ -10.6% vs 2018
2020: €12k▼ -8.9% vs 2019lowest in 4 years
2021: €18k▲ +45.8% vs 2020highest in 4 years
2018 → 2021
EBIT margin
-192.0%▲ 60.9pp
2020 · -252.9%
2018: -214.8%
2019: -235.2%▼ -9.5% vs 2018
2020: -252.9%▼ -7.5% vs 2019lowest in 4 years
2021: -192.0%▲ +24.1% vs 2020highest in 4 years
2018 → 2021
Net result
€-10k
2023 · €13k
2018: €-21k
2019: €-21k▲ +3.0% vs 2018
2020: €-21k● -0.0% vs 2019
2021: €-26k▼ -23.8% vs 2020lowest in 7 years
2022: €-3k▲ +90.1% vs 2021
2023: €13k▲ +604% vs 2022highest in 7 years
2024: €-10k▼ -181% vs 2023
2018 → 2024
Working capital
€130k▼ 29.6%
2023 · €185k
2018: €181k
2019: €185k▲ +2.2% vs 2018
2020: €187k▲ +1.1% vs 2019
2021: €184k▼ -1.6% vs 2020
2022: €194k▲ +5.7% vs 2021highest in 7 years
2023: €185k▼ -4.9% vs 2022
2024: €130k▼ -29.6% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€12k-€18k▲ 45.8%
2020: €12k
2021: €18k▲ +45.8% vs 2020
Equity€385k-€351k▼ 8.9%€343k▼ 2.3%€350k▲ 2.1%€334k▼ 4.6%
2020: €385khighest in 5 years
2021: €351k▼ -8.9% vs 2020
2022: €343k▼ -2.3% vs 2021
2023: €350k▲ +2.1% vs 2022
2024: €334k▼ -4.6% vs 2023lowest in 5 years
Operating result€-31k-€-34k▼ 10.7%€-8k▲ 76.2%€7k€-16k
2020: €-31k
2021: €-34k▼ -10.7% vs 2020lowest in 5 years
2022: €-8k▲ +76.2% vs 2021
2023: €7k▲ +191% vs 2022highest in 5 years
2024: €-16k▼ -316% vs 2023
Net result€-21k-€-26k▼ 23.8%€-3k▲ 90.1%€13k€-10k
2020: €-21k
2021: €-26k▼ -23.8% vs 2020lowest in 5 years
2022: €-3k▲ +90.1% vs 2021
2023: €13k▲ +604% vs 2022highest in 5 years
2024: €-10k▼ -181% vs 2023
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €16k after €7k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €356k
Fixed assets
€204k ▲ 23.0%
Current assets
€152k ▼ 23.7%
Equity and liabilities €356k
Equity
€334k ▼ 4.6%
Debt
€22k ▲ 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
€14k▼
2023 · €27k
Cash flow
€20k▼
2023 · €33k
Current ratio
6.96▼
2023 · 13.72
Debt to equity
0.07▲
2023 · 0.04
ROE
-3.1%▼
2023 · 3.7%
ROA
-2.9%▼
2023 · 3.5%
Interest coverage
88.01▼
2023 · 205.90
Debt ≤ 1 year
€22k▲
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€365k€356k▼
Fixed assets21/28€166k€204k▲
Tangible fixed assets22/27€166k€204k▲
Plant, machinery and equipment23€130k€178k▲
Furniture and vehicles24€36k€27k▼
Current assets29/58€199k€152k▼
Amounts receivable within one year40/41€5k€10k▲
Trade receivables40€5k€10k▲
Cash at bank and in hand54/58€194k€142k▼
Deferred charges and accrued income490/1€355€372▲
Equity and liabilities
Total equity and liabilities10/49€365k€356k▼
Equity10/15€350k€334k▼
Contributions10/11€372k€372k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-75k€-86k▼
Investment grants15€39k€33k▼
Amounts payable17/49€15k€22k▲
Amounts payable within one year42/48€15k€22k▲
Trade debts44€633€7k▲
Suppliers440/4€633€7k▲
Taxes, remuneration and social security45€721€2k▲
Taxes450/3€721€2k▲
Other amounts payable47/48€13k€12k▼
Accrued charges and deferred income492/3€534-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€30k▲
Other operating charges640/8€384€387▲
Gross operating margin9900€28k€15k▼
Operating profit (loss)9901€7k€-16k▼
Financial income75/76B€6k€6k▲
Recurring financial income75€6k€6k▲
Financial charges65/66B€132€161▲
Recurring financial charges65€132€161▲
Profit (loss) for the period before taxes9903€13k€-10k▼
Profit (loss) for the period9904€13k€-10k▼
Profit (loss) for the period to be appropriated9905€13k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-75k€-86k▼
Profit (loss) brought forward from the previous period14P€-88k€-75k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €12k | €18k | - | - | - | - |
| Non-recurring operating income76A | - | €27 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €20k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €31k | €19k | €20k | €30k | ▲ 52.3% |
| Other operating charges640/8 | - | €347 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €3k | €-3k | €11k | €28k | €15k | ▼ 47.1% |
| Operating profit (loss)9901 | €-31k | €-34k | €-8k | €7k | €-16k | ▼ 316% |
| Financial income75/76B | - | €8k | €6k | €6k | €6k | ▲ 2.9% |
| Recurring financial income75 | €10k | €8k | €6k | €6k | €6k | ▲ 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 | €-21k | €-26k | €-3k | €13k | €-10k | ▼ 181% |
| Profit (loss) for the period9904 | €-21k | €-26k | €-3k | €13k | €-10k | ▼ 181% |
| Profit (loss) for the period to be appropriated9905 | €-21k | €-26k | €-3k | €13k | €-10k | ▼ 181% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €386k | €352k | €345k | €365k | €356k | ▼ 2.5% |
| Fixed assets21/28 | €199k | €168k | €149k | €166k | €204k | ▲ 23.0% |
| Tangible fixed assets22/27 | €199k | €168k | €149k | €166k | €204k | ▲ 23.0% |
| Plant, machinery and equipment23 | - | €168k | €149k | €130k | €178k | ▲ 36.4% |
| Furniture and vehicles24 | - | - | - | €36k | €27k | ▼ 26.0% |
| Current assets29/58 | €187k | €184k | €196k | €199k | €152k | ▼ 23.7% |
| Amounts receivable within one year40/41 | €3k | €4k | €5k | €5k | €10k | ▲ 94.9% |
| Trade receivables40 | - | €3k | €5k | €5k | €10k | ▲ 94.9% |
| Other amounts receivable41 | - | €1k | €406 | - | - | - |
| Cash at bank and in hand54/58 | €185k | €180k | €191k | €194k | €142k | ▼ 26.9% |
| Deferred charges and accrued income490/1 | - | - | - | €355 | €372 | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €386k | €352k | €345k | €365k | €356k | ▼ 2.5% |
| Equity10/15 | €385k | €351k | €343k | €350k | €334k | ▼ 4.6% |
| Contributions10/11 | €372k | €372k | €372k | €372k | €372k | = |
| Capital10 | - | €372k | €372k | - | - | - |
| Issued capital100 | - | €372k | €372k | - | - | - |
| Reserves13 | €15k | €15k | €15k | €15k | €15k | = |
| Non-distributable reserves130/1 | - | €15k | €15k | - | - | - |
| Legal reserve130 | - | €15k | €15k | - | - | - |
| Distributable reserves133 | - | - | - | €15k | €15k | = |
| Profit (loss) carried forward14 | €-60k | €-86k | €-88k | €-75k | €-86k | ▼ 13.8% |
| Investment grants15 | - | €50k | €44k | €39k | €33k | ▼ 14.5% |
| Amounts payable17/49 | €252 | €712 | €2k | €15k | €22k | ▲ 45.0% |
| Amounts payable within one year42/48 | €252 | €562 | €2k | €15k | €22k | ▲ 50.3% |
| Trade debts44 | €252 | €562 | €2k | €633 | €7k | ▲ 1,078% |
| Suppliers440/4 | - | €562 | €2k | €633 | €7k | ▲ 1,078% |
| Taxes, remuneration and social security45 | - | - | - | €721 | €2k | ▲ 195% |
| Taxes450/3 | - | - | - | €721 | €2k | ▲ 195% |
| Other amounts payable47/48 | - | - | - | €13k | €12k | ▼ 7.0% |
| Accrued charges and deferred income492/3 | - | €150 | - | €534 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-21k | €-26k | €-3k | €13k | €-10k | ▼ 181% |
| + Depreciation and write-downs630 | €33k | €31k | €19k | €20k | €30k | ▲ 52.3% |
| Operating cash flow (approximation) | €12k | €5k | €16k | €33k | €20k | ▼ 39.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-37k | €-68k | ▼ 83.7% |
| Change in cash | - | €-4k | €10k | €3k | €-52k | ▼ 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
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 €13k
Net result €13k 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 €-26k
Net result drops to €-26k, 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 €2k 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
2016
13-06
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 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
Scores and ratios are computed by Checked and are not a credit decision.