DEGROCON
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-11-2025, 75 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
75 d early
2024
59 d early
2023
9 d early
2022
71 d early
2021
7 d early
2020
62 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€453k▲ 5.0%
2024 · €431k
2019: €120klowest in 7 years
2020: €226k▲ +87.6% vs 2019
2021: €354k▲ +56.7% vs 2020
2022: €434k▲ +22.8% vs 2021
2023: €420k▼ -3.3% vs 2022
2024: €431k▲ +2.8% vs 2023
2025: €453k▲ +5.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€632k▼ 9.7%
2024 · €700k
2019: €364klowest in 7 years
2020: €469k▲ +28.6% vs 2019
2021: €875k▲ +86.6% vs 2020highest in 7 years
2022: €859k▼ -1.8% vs 2021
2023: €661k▼ -23.1% vs 2022
2024: €700k▲ +6.0% vs 2023
2025: €632k▼ -9.7% vs 2024
2019 → 2025
Net result
€22k▲ 86.4%
2024 · €12k
2019: €13k
2020: €105k▲ +704% vs 2019
2021: €128k▲ +21.4% vs 2020highest in 7 years
2022: €80k▼ -37.1% vs 2021
2023: €-14k▼ -118% vs 2022lowest in 7 years
2024: €12k▲ +182% vs 2023
2025: €22k▲ +86.4% vs 2024
2019 → 2025
Working capital
€391k▲ 11.4%
2024 · €351k
2019: €81klowest in 7 years
2020: €209k▲ +156% vs 2019
2021: €293k▲ +40.6% vs 2020
2022: €342k▲ +16.5% vs 2021
2023: €334k▼ -2.3% vs 2022
2024: €351k▲ +5.3% vs 2023
2025: €391k▲ +11.4% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€354k-€434k▲ 22.8%€420k▼ 3.3%€431k▲ 2.8%€453k▲ 5.0%
2021: €354klowest in 5 years
2022: €434k▲ +22.8% vs 2021
2023: €420k▼ -3.3% vs 2022
2024: €431k▲ +2.8% vs 2023
2025: €453k▲ +5.0% vs 2024highest in 5 years
Operating result€160k-€99k▼ 38.0%€-17k€10k€26k▲ 153%
2021: €160khighest in 5 years
2022: €99k▼ -38.0% vs 2021
2023: €-17k▼ -117% vs 2022lowest in 5 years
2024: €10k▲ +162% vs 2023
2025: €26k▲ +153% vs 2024
Net result€128k-€80k▼ 37.1%€-14k€12k€22k▲ 86.4%
2021: €128khighest in 5 years
2022: €80k▼ -37.1% vs 2021
2023: €-14k▼ -118% vs 2022lowest in 5 years
2024: €12k▲ +182% vs 2023
2025: €22k▲ +86.4% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 153% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €632k
Fixed assets
€62k ▼ 48.4%
Current assets
€570k ▼ 1.7%
Equity and liabilities €632k
Equity
€453k ▲ 5.0%
Debt
€179k ▼ 33.4%
Debt's share of the balance-sheet total falls from 38.4% to 28.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92k▲
2024 · €75k
Cash flow
€87k▲
2024 · €76k
Current ratio
3.19▲
2024 · 2.54
Debt to equity
0.39▼
2024 · 0.62
ROE
4.8%▲
2024 · 2.7%
ROA
3.4%▲
2024 · 1.7%
Interest coverage
165.73▲
2024 · 62.95
Debt ≤ 1 year
€179k▼
2024 · €229k
Income taxes
€8k▲
2024 · €3k
Staff costs
€72k▼
2024 · €132k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€700k€632k▼
Fixed assets21/28€120k€62k▼
Tangible fixed assets22/27€120k€62k▼
Plant, machinery and equipment23€34k€28k▼
Leasing and similar rights25€86k€34k▼
Current assets29/58€580k€570k▼
Amounts receivable within one year40/41€176k€125k▼
Trade receivables40€174k€123k▼
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€404k€442k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€700k€632k▼
Equity10/15€431k€453k▲
Contributions10/11€30k€30k=
Reserves13€401k€423k▲
Distributable reserves133€401k€423k▲
Amounts payable17/49€269k€179k▼
Amounts payable after more than one year17€40k-
Financial debts170/4€40k-
Amounts payable within one year42/48€229k€179k▼
Current portion of amounts payable after more than one year42€50k€40k▼
Trade debts44€120k€33k▼
Suppliers440/4€120k€33k▼
Taxes, remuneration and social security45€28k€11k▼
Taxes450/3€24k€11k▼
Remuneration and social security454/9€4k-
Other amounts payable47/48€30k€95k▲
Income statement
Code20242025
Remuneration, social security and pensions62€132k€72k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€66k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€11k-
Gross operating margin9900€222k€168k▼
Operating profit (loss)9901€10k€26k▲
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€1k€556▼
Recurring financial charges65€1k€556▼
Profit (loss) for the period before taxes9903€14k€30k▲
Income taxes67/77€3k€8k▲
Profit (loss) for the period9904€12k€22k▲
Profit (loss) for the period to be appropriated9905€12k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€22k▲
Transfer to equity691/2€12k€22k▲
To other reserves6921€12k€22k▲
Social balance
Average headcount (FTE)90872.11.1▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €127k | €138k | €132k | €72k | ▼ 45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62k | €93k | €94k | €65k | €66k | ▲ 1.6% |
| Other operating charges640/8 | - | €3k | €8k | €4k | €4k | ▲ 3.1% |
| Non-recurring operating charges66A | - | €2k | €3k | €11k | - | - |
| Gross operating margin9900 | €301k | €323k | €226k | €222k | €168k | ▼ 24.2% |
| Operating profit (loss)9901 | €160k | €99k | €-17k | €10k | €26k | ▲ 153% |
| Financial income75/76B | - | €11k | €4k | €5k | €4k | ▼ 21.7% |
| Recurring financial income75 | €4k | €11k | €4k | €5k | €4k | ▼ 21.7% |
| Financial charges65/66B | - | €2k | €2k | €1k | €556 | ▼ 53.4% |
| Recurring financial charges65 | €2k | €2k | €2k | €1k | €556 | ▼ 53.4% |
| Profit (loss) for the period before taxes9903 | €162k | €108k | €-14k | €14k | €30k | ▲ 107% |
| Income taxes67/77 | €34k | €28k | - | €3k | €8k | ▲ 191% |
| Profit (loss) for the period9904 | €128k | €80k | €-14k | €12k | €22k | ▲ 86.4% |
| Profit (loss) for the period to be appropriated9905 | €133k | €80k | €-14k | €12k | €22k | ▲ 86.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €875k | €859k | €661k | €700k | €632k | ▼ 9.7% |
| Fixed assets21/28 | €306k | €254k | €185k | €120k | €62k | ▼ 48.4% |
| Tangible fixed assets22/27 | €306k | €254k | €185k | €120k | €62k | ▼ 48.4% |
| Plant, machinery and equipment23 | - | €33k | €47k | €34k | €28k | ▼ 18.8% |
| Furniture and vehicles24 | - | €31k | - | - | - | - |
| Leasing and similar rights25 | - | €189k | €138k | €86k | €34k | ▼ 60.0% |
| Current assets29/58 | €568k | €606k | €476k | €580k | €570k | ▼ 1.7% |
| Stocks and contracts in progress3 | €41k | €42k | €43k | - | - | - |
| Contracts in progress37 | - | €42k | €43k | - | - | - |
| Amounts receivable within one year40/41 | €167k | €111k | €197k | €176k | €125k | ▼ 29.1% |
| Trade receivables40 | - | €102k | €151k | €174k | €123k | ▼ 29.5% |
| Other amounts receivable41 | - | €9k | €47k | €2k | €2k | ▲ 13.6% |
| Cash at bank and in hand54/58 | €356k | €447k | €227k | €404k | €442k | ▲ 9.4% |
| Deferred charges and accrued income490/1 | - | €5k | €9k | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €875k | €859k | €661k | €700k | €632k | ▼ 9.7% |
| Equity10/15 | €354k | €434k | €420k | €431k | €453k | ▲ 5.0% |
| Contributions10/11 | - | €30k | €30k | €30k | €30k | = |
| Reserves13 | €324k | €404k | €390k | €401k | €423k | ▲ 5.4% |
| Distributable reserves133 | - | €404k | €390k | €401k | €423k | ▲ 5.4% |
| Amounts payable17/49 | €521k | €425k | €241k | €269k | €179k | ▼ 33.4% |
| Amounts payable after more than one year17 | €245k | €161k | €90k | €40k | - | - |
| Financial debts170/4 | - | €161k | €90k | €40k | - | - |
| Amounts payable within one year42/48 | €275k | €264k | €142k | €229k | €179k | ▼ 21.8% |
| Current portion of amounts payable after more than one year42 | - | €84k | €67k | €50k | €40k | ▼ 20.7% |
| Trade debts44 | €97k | €144k | €22k | €120k | €33k | ▼ 72.4% |
| Suppliers440/4 | - | €144k | €22k | €120k | €33k | ▼ 72.4% |
| Taxes, remuneration and social security45 | - | €6k | €23k | €28k | €11k | ▼ 61.8% |
| Taxes450/3 | - | €644 | €15k | €24k | €11k | ▼ 55.0% |
| Remuneration and social security454/9 | - | €6k | €8k | €4k | - | - |
| Other amounts payable47/48 | - | €30k | €30k | €30k | €95k | ▲ 217% |
| Accrued charges and deferred income492/3 | - | - | €8k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €128k | €80k | €-14k | €12k | €22k | ▲ 86.4% |
| + Depreciation and write-downs630 | €62k | €93k | €94k | €65k | €66k | ▲ 1.6% |
| Operating cash flow (approximation) | €190k | €173k | €80k | €76k | €87k | ▲ 14.5% |
| Investment in fixed assets (approximation) | - | €-40k | €-25k | €0 | €-8k | - |
| Change in cash | - | €91k | €-221k | €178k | €38k | ▼ 78.6% |
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
23-02
State Gazette act
Restructuring · End & cessationMerger · Accounting effect · Share cancellation6 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Accounting effect · Share cancellation6 facts ▸
- General meeting, 29-01-2026
- Merger, 29-01-2026
- Accounting effect, 01-07-2025
- Share cancellation, 300
- Capital
- Power of attorney, Kantoor Ronny Steyaert Accountants
2025
17-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €128k ▲21.4%
Operating result €160k, net result €128k, both a record.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Equity above €200kEq €226k ▲87.6%
2 profitable years in a row build equity to €226k.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:DEGRO
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 196 EUR awarded · 196 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 106 EUR | 106 EUR |
| 2024 | 1 | 90 EUR | 90 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)