DERGO PROJECT
ActiveSummary
DERGO PROJECT has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €429,655 and a net result of -€143,012. Equity is growing by about 6.5% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · financial year 2025, abbreviated format
Equity
€429,655▼ 25.0%
2024 · €572,667
Total assets
€586,767▼ 40.5%
2024 · €985,353
Net result
-€143,012▼ 218%
2024 · -€44,977
Working capital
-€56,845
2024 · €86,167
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €135,140 in 2025 against €33,763 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.1m
2025
Net result-€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.6m
2025
Equity€0.4m
2025
Debt€0.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.06m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.08m-€0.07m▼ 7.1%€0.2m▲ 113%€0.09m▼ 41.0%€0.07m▼ 27.6%€0.09m▲ 32.6%-€0.03m-€0.1m▼ 300%
Net result€0.01m-€0.02m▲ 18.9%€0.1m▲ 562%€0.06m▼ 47.2%€0.03m▼ 43.4%€0.03m▼ 4.4%-€0.04m-€0.1m▼ 218%
Equity€0.4m-€0.4m▲ 4.8%€0.5m▲ 30.2%€0.6m▲ 12.3%€0.6m▲ 6.2%€0.6m▲ 5.6%€0.6m▼ 7.3%€0.4m▼ 25.0%
Total assets€3.7m-€2.8m▼ 22.8%€2.4m▼ 13.7%€2.5m=€2.1m▼ 13.8%€1.2m▼ 43.0%€1.0m▼ 18.1%€0.6m▼ 40.5%
Debt€3.3m-€2.5m▼ 25.7%€2.0m▼ 20.5%€1.9m▼ 3.0%€1.5m▼ 19.6%€0.6m▼ 61.7%€0.4m▼ 29.5%€0.2m▼ 61.9%
Working capital€0.4m-€0.4m▲ 4.8%€0.5m▲ 30.2%€0.6m▲ 12.3%€0.6m▲ 6.2%€0.1m▼ 77.6%€0.09m▼ 34.3%-€0.06m
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €586,767
Fixed assets
€486,500 =
Current assets
€100,267 ▼ 79.9%
Equity and liabilities €586,767
Equity
€429,655 ▼ 25.0%
Debt
€157,112 ▼ 61.9%
Debt's share of the balance-sheet total falls from 41.9% to 26.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.64▼
2024 · 1.21
Debt to equity
0.37▼
2024 · 0.72
ROE
-33.3%▼
2024 · -7.9%
ROA
-24.4%▼
2024 · -4.6%
Debt ≤ 1 year
€157,112▼
2024 · €412,685
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,113 | €980 | €39,787 | €968 | €1,252 | ▲ 29.5% |
| Non-recurring operating charges66A | - | - | - | €65,000 | €150,000 | €440,000 | - | €119,000 | - |
| Gross operating margin9900 | €79,750 | €73,548 | €155,530 | €157,251 | €216,974 | €567,270 | -€32,795 | -€14,887 | ▲ 54.6% |
| Operating profit (loss)9901 | €78,012 | €72,444 | €154,421 | €91,138 | €65,994 | €87,482 | -€33,763 | -€135,140 | ▼ 300% |
| Financial income75/76B | - | - | - | €3,232 | €4,083 | €4,102 | €4,402 | €1,817 | ▼ 58.7% |
| Recurring financial income75 | €9 | - | €166 | €3,232 | €4,083 | €4,102 | €4,402 | €1,817 | ▼ 58.7% |
| Financial charges65/66B | - | - | - | €34,183 | €25,745 | €46,216 | €15,616 | €9,689 | ▼ 38.0% |
| Recurring financial charges65 | €63,544 | €55,232 | €40,677 | €34,183 | €25,745 | €46,216 | €15,616 | €9,689 | ▼ 38.0% |
| Profit (loss) for the period before taxes9903 | €14,477 | €17,212 | €113,910 | €60,186 | €44,332 | €45,369 | -€44,977 | -€143,012 | ▼ 218% |
| Income taxes67/77 | - | - | - | - | €10,264 | €12,801 | - | - | - |
| Profit (loss) for the period9904 | €14,477 | €17,212 | €113,910 | €60,186 | €34,068 | €32,568 | -€44,977 | -€143,012 | ▼ 218% |
| Profit (loss) for the period to be appropriated9905 | €14,477 | €17,212 | €113,910 | €60,186 | €34,068 | €32,568 | -€44,977 | -€143,012 | ▼ 218% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.7m | €2.8m | €2.4m | €2.5m | €2.1m | €1.2m | €1.0m | €0.6m | ▼ 40.5% |
| Fixed assets21/28 | - | - | - | - | - | €0.5m | €0.5m | €0.5m | = |
| Financial fixed assets28 | - | - | - | - | - | €0.5m | €0.5m | €0.5m | = |
| Current assets29/58 | €3.7m | €2.8m | €2.4m | €2.5m | €2.1m | €0.7m | €0.5m | €0.1m | ▼ 79.9% |
| Stocks and contracts in progress3 | €3.6m | €2.8m | €2.4m | €2.3m | €2.0m | - | - | - | - |
| Stocks30/36 | - | - | - | €2.3m | €2.0m | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | €0.009m | €0.2m | €0.06m | €0.7m | €0.5m | €0.09m | ▼ 81.2% |
| Trade receivables40 | - | - | - | €0.003m | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €0.2m | €0.06m | €0.7m | €0.5m | €0.09m | ▼ 81.2% |
| Cash at bank and in hand54/58 | €0.04m | €0.01m | €0.01m | €0.01m | €0.03m | €0.002m | €396 | €0.007m | ▲ 1,579% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.7m | €2.8m | €2.4m | €2.5m | €2.1m | €1.2m | €1.0m | €0.6m | ▼ 40.5% |
| Equity10/15 | €0.4m | €0.4m | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | €0.4m | ▼ 25.0% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | €0.02m | - | - | - |
| Distributable reserves133 | - | - | - | €0.04m | €0.04m | €0.04m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | €0.08m | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 48.7% |
| Amounts payable17/49 | €3.3m | €2.5m | €2.0m | €1.9m | €1.5m | €0.6m | €0.4m | €0.2m | ▼ 61.9% |
| Amounts payable within one year42/48 | €3.3m | €2.5m | €2.0m | €1.9m | €1.5m | €0.6m | €0.4m | €0.2m | ▼ 61.9% |
| Financial debts43 | - | - | - | €1.5m | €1.5m | - | - | - | - |
| Credit institutions430/8 | - | - | - | €1.5m | €1.5m | - | - | - | - |
| Trade debts44 | €0.004m | €0.003m | - | €0.005m | €0.002m | €0.002m | €0.002m | €0.002m | ▲ 7.3% |
| Suppliers440/4 | - | - | - | €0.005m | €0.002m | €0.002m | €0.002m | €0.002m | ▲ 7.3% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.01m | €0.01m | - | - | - |
| Taxes450/3 | - | - | - | - | €0.01m | €0.01m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.01m | €0.6m | €0.4m | €0.2m | ▼ 62.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,477 | €17,212 | €113,910 | €60,186 | €34,068 | €32,568 | -€44,977 | -€143,012 | ▼ 218% |
| Operating cash flow (approximation) | €14,477 | €17,212 | €113,910 | €60,186 | €34,068 | €32,568 | -€44,977 | -€143,012 | ▼ 218% |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | €0 | €0 | - |
| Change in cash | - | -€23,772 | -€913 | -€1,783 | €18,335 | -€28,426 | -€1,641 | €6,248 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-11-2025 | abbreviated format | 01-06-2026 | 2026-00129355 |
| 30-11-2024 | abbreviated format | 05-06-2025 | 2025-00120188 |
| 30-11-2023 | abbreviated format | 03-06-2024 | 2024-00109389 |
| 30-11-2022 | abbreviated format | 28-06-2023 | 2023-00176456 |
| 30-11-2021 | abbreviated format | 14-06-2022 | 2022-20071088 |
| 30-11-2020 | abbreviated format | 31-05-2021 | 2021-16300057 |
| 30-11-2019 | abbreviated format | 04-06-2020 | 2020-14800313 |
| 30-11-2018 | abbreviated format | 02-07-2019 | 2019-28800276 |
| 30-11-2017 | abbreviated format | 08-06-2018 | 2018-17400070 |
| 30-11-2016 | abbreviated format | 28-06-2017 | 2017-23500010 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.