Equity
€99,525 ▲ 8.4%
DFG paid out €800 in dividends. That is 9% of the 2025 profit.
DFG
Lifetime
19 annual accounts with figures on one time axis, 31 filings since 1994peak €85,203 (2007)
€33,659▼ 25.7%
lowest -€34,214 (2007)
€8,509▼ 51.9%
peak €165,256 (2017)
€99,525▲ 8.4%
€110,773▲ 27.4%
Board2 names since 2002
2 directorsKurt Van Strijthem and 1 other
Documentsfilings and deeds
16-06-202645 days before the deadline
2025micro format
Gross margin from €45,315 to €33,659Result from €17,680 to €8,509Dividend €800Debts from €86,981 to €110,773Investments €43,549
Key points
from the 2025 annual accountsInvestments
€43,549 3.0 × depreciation
Green is investment, beige is depreciation.
Filings
31 annual accounts since 1994
Five of the last ten came late. The 2020 accounts came latest: 25 days after the end of the period.
Checked score
94
Excellent
Financially stronger than 55% of micro companies in other professional activities (NACE 74)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,431 companies (NACE 74, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%highest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 1.64, cash €131,614
Size: total assets €210,298
Equity €99,525 (47.3% of total assets)
Sector: Other professional, scientific and technical activities (NACE 74)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro). It does better than 49% of them on solvency, 71% on liquidity, 44% on profitability and 55% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as DFG has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DFG itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for DFG. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.64 (1.77 in 2024), above the usual 1.5. Short-term debt is 43.7% and cash 62.6% of total assets. However, 52.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
6 signals, none raises the risk
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €99,525
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 days early
2024
42 days early
2023
40 days early
2022
25 days late
2021
25 days late
2020
25 days late
2019
24 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (5 of the last 5 accounts filed within 64 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0451571523
Changes of role: Kurt Van Strijthem (director) and Sophie Hombo (director)
Enige aandeelhouder holds all the shares · Gazette deed
Company renamed from FOTOCENTER ANNETTE to DFG
Capital from €18,600 to €81,486.15 · Capital from €81,486.15 to €18,600 · Gazette deed
First establishment
de fotograaf, Statiestraat 99, Ternat
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DFG Ternat | €210,298 | €33,659 | 47.3% | - |
| BLACK & WRITE Waterloo | €223,787 | €36,915 | 67.6% | - |
| DANNY DEDEURWAERDERE Ghent | €198,727 | €35,507 | 82.6% | - |
| NG ULBEEK Wellen | €216,831 | €41,004 | 3.6% | - |
| NEW ART FACTORY Estaimpuis | €269,612 | €37,247 | 30.5% | - |
| Condor International Ltd Vorselaar | €178,726 | €24,036 | 72.9% | - |
| STATTIFF Zottegem | €256,667 | €43,677 | 46.0% | - |
These companies have the same main activity as DFG: photography, excluding press photography (NACE 74201). They are comparable in size and age: total assets between €179,000 and €270,000, founded between 1987 and 2000.
Official details
Source: KBO- Status
- Active since 28-12-1993Normal situation
- Activity
- Photography, excluding press photographyNACE 74201and 3 others
- Establishment unit
- 2.065.234.7201740 Ternat, since 25-01-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 05-10-2025
Annual accounts 2025
- ≈ €140,000estimated
- €210,298▲ 17.6%
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on DFG
DFG files the micro format. That format states no turnover. The gross margin fell from €85,203 in 2007 to €33,659 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DFG
- What is the company number of DFG?
- The company number of DFG is 0451.571.523. The VAT number is the same number with BE in front: BE 0451.571.523.
- Where is DFG based?
- The registered office is at Statiestraat 99, 1740 Ternat.Company details
- What does DFG do?
- According to the KBO register, the main activity is photography, excluding press photography (NACE 74201).
- What is the legal form of DFG?
- DFG is a private limited company (BV).
- When was DFG founded?
- DFG was founded on 28-12-1993.
- Is DFG still active?
- Yes, DFG is an active enterprise in the KBO register.
- What is the turnover of DFG?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €33,659 and 2,936 comparable companies of the same size. It probably lies between €81,000 and €240,000. It is a rough estimate.Financials
- Is DFG profitable?
- In financial year 2025, DFG made a profit of €8,509.
- Where can I find the annual accounts of DFG?
- DFG filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DFG due?
- DFG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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