DEGOFOUR
ActiveSummary
DEGOFOUR has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €739k and a net result of €-344k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▼-42
Solvency37▼-11
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.23 in 2024; short-term debt: 43% and cash: 1.8% of total assets), and 87.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
12.3%
Return on assets
-5.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 4867 sector peers (2025).
NBB · sector comparisonPosition among 4867 sector peers
Solvency
better than 14%
← weakest
strongest →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
121 d early
2023
30 d late
2022
12 d early
2021
31 d early
2020
22 d early
2019
27 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-344k
2024 · €29k
2018: €2k
2019: €-25k
2020: €21k
2021: €41k
2022: €93k
2023: €102k
2024: €29k
2018 → 2025
Working capital
€38k▼ 92.6%
2024 · €506k
2018: €181k
2019: €276k
2020: €281k
2021: €326k
2022: €464k
2023: €424k
2024: €506k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€859k-€952k▲ 10.8%€1.05M▲ 10.7%€1.08M▲ 2.7%€739k▼ 31.8%
Operating result€107k-€172k▲ 60.2%€180k▲ 4.6%€104k▼ 41.9%€-236k
Net result€41k-€93k▲ 128%€102k▲ 10.0%€29k▼ 71.6%€-344k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €236k after €104k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.01M
Fixed assets
€3.39M ▲ 74.2%
Current assets
€2.62M ▼ 4.8%
Equity and liabilities €6.01M
Equity
€739k ▼ 31.8%
Provisions
€49k ▼ 9.1%
Debt
€5.22M ▲ 46.6%
Debt's share of the balance-sheet total rises from 75.8% to 86.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€220k▼
2024 · €420k
Cash flow
€112k▼
2024 · €344k
Current ratio
1.01▼
2024 · 1.23
Quick ratio
0.96▼
2024 · 1.14
Debt to equity
7.06▲
2024 · 3.29
ROE
-46.6%▼
2024 · 2.7%
ROA
-5.7%▼
2024 · 0.6%
Interest coverage
1.78▼
2024 · 5.86
Debt ≤ 1 year
€2.58M▲
2024 · €2.25M
Debt > 1 year
€2.60M▲
2024 · €1.30M
Income taxes
€819▼
2024 · €16k
Staff costs
€317k▼
2024 · €340k
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 · 2025 against 2024 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.70M€6.01M▲
Fixed assets21/28€1.94M€3.39M▲
Intangible fixed assets21€0€2k▲
Tangible fixed assets22/27€1.94M€3.38M▲
Land and buildings22€956k€914k▼
Plant, machinery and equipment23€145k€125k▼
Furniture and vehicles24€139k€90k▼
Leasing and similar rights25€703k€2.26M▲
Assets under construction and advance payments27€0-
Current assets29/58€2.75M€2.62M▼
Stocks and contracts in progress3€194k€133k▼
Stocks30/36€194k€133k▼
Amounts receivable within one year40/41€2.23M€2.30M▲
Trade receivables40€2.13M€2.19M▲
Other amounts receivable41€108k€107k▼
Cash at bank and in hand54/58€273k€111k▼
Deferred charges and accrued income490/1€51k€78k▲
Equity and liabilities
Total equity and liabilities10/49€4.70M€6.01M▲
Equity10/15€1.08M€739k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.02M€677k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€162k€147k▼
Distributable reserves133€853k€524k▼
Provisions and deferred taxes16€54k€49k▼
Deferred taxes168€54k€49k▼
Amounts payable17/49€3.56M€5.22M▲
Amounts payable after more than one year17€1.30M€2.60M▲
Financial debts170/4€1.30M€2.60M▲
Amounts payable within one year42/48€2.25M€2.58M▲
Current portion of amounts payable after more than one year42€216k€343k▲
Financial debts43€50k€106k▲
Credit institutions430/8€50k€106k▲
Trade debts44€1.88M€2.05M▲
Suppliers440/4€1.88M€2.05M▲
Taxes, remuneration and social security45€96k€81k▼
Taxes450/3€58k€48k▼
Remuneration and social security454/9€37k€32k▼
Accrued charges and deferred income492/3€15k€40k▲
Income statement
Code20242025
Remuneration, social security and pensions62€340k€317k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€316k€456k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€6k▲
Other operating charges640/8€19k€21k▲
Gross operating margin9900€781k€564k▼
Operating profit (loss)9901€104k€-236k▼
Financial income75/76B€7k€12k▲
Recurring financial income75€7k€12k▲
Financial charges65/66B€72k€124k▲
Recurring financial charges65€72k€124k▲
Profit (loss) for the period before taxes9903€40k€-348k▼
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€16k€819▼
Profit (loss) for the period9904€29k€-344k▼
Transfer from tax-exempt reserves789€15k€15k=
Profit (loss) for the period to be appropriated9905€44k€-329k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€-329k▼
Transfer from equity791/2-€329k
Transfer to equity691/2€44k€0▼
To other reserves6921€44k€0▼
Social balance
Average headcount (FTE)9087-5.9
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-344k ▼1288%
Net result drops to €-344k, the lowest in the series.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €102k ▲10%
Operating result €180k, net result €102k, both a record.
31-12
Financial
Equity above €1MEq €1.05M ▲10.7%
4 profitable years in a row build equity to €1.05M.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ieper · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zwaanhofweg 248900 IeperGround area
1,558 m²
Building footprint
213 m²
Volume, LiDAR
1,489 m³
Parcel 33305B1007/00X000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zwaanhofweg 24, 8900 Ieper
since 19892.042.897.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B1007/00X000 | Flanders | 1,558 m² | 1 · 213 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2023 · 1 entry · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,000 EUR | 3,000 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteIeper2.042.897.994
Similar companies · same sector, comparable size
CERES
BE 0452.232.608
Sint-Laureins · Eq €739k
DE STOPPELEIRE
BE 0465.999.975
Wervik · Eq €741k
PRODABIO
BE 0666.433.748
Awans · Eq €744k
INDEMANS CHRISTIAN
BE 0424.230.191
Linkebeek · Eq €747k
MAES
BE 0424.230.785
Wortegem-Petegem · Eq €726k
Of 689 companies in sector 46216 we hold annual accounts for 476. 400 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46216Wholesale of agricultural produce and animal feed, general range
46900Non-specialised wholesale trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.