DFROG
ActiveSummary
DFROG has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €19,334 and a net result of €73,134. Equity is shrinking by about 25% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 11% of 195 sector peers (NACE 73, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €19,334
- Profit
- €73,134
Why 84raises riskEquity €19,334 (5.1% of total assets)Liquidity: current ratio 0.84, cash €5,135lowers riskSize: total assets €376,944Founded in 2003Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 73, micro): better than 16% on solvency, 13% on liquidity, 70% on profitability and 7% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 107 days before the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2026 · micro…
- Highest result from 2019 to 2026net €73,134 ▲16.6%
- Annual accounts filedfinancial year 2025 · micro…
Financials · financial year 2026, micro format
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
After the dip in 2023 the operating result has climbed three years in a row; 2026 is 17% above 2025 and is the highest 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93.1% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 931 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,083 | €17,564 | €8,794 | €8,572 | €7,809 | €7,121 | €8,163 | €9,264 | ▲ 13.5% |
| Other operating charges640/8 | - | - | - | €1,565 | €1,630 | €1,766 | €1,716 | €1,882 | ▲ 9.7% |
| Gross operating margin9900 | €31,095 | €807 | €62,723 | €75,332 | €72,024 | €80,116 | €94,586 | €109,963 | ▲ 16.3% |
| Operating profit (loss)9901 | €11,750 | -€17,963 | €52,357 | €65,195 | €62,585 | €71,230 | €84,707 | €98,817 | ▲ 16.7% |
| Financial income75/76B | - | - | - | €9 | €19 | €1,747 | €268 | €564 | ▲ 110% |
| Recurring financial income75 | €14 | €1 | €13,409 | €9 | €19 | €1,747 | €268 | €564 | ▲ 110% |
| Financial charges65/66B | - | - | - | €2,759 | €2,765 | €2,529 | €6,336 | €7,463 | ▲ 17.8% |
| Recurring financial charges65 | €6,658 | €4,024 | €3,837 | €2,759 | €2,765 | €2,529 | €6,336 | €7,463 | ▲ 17.8% |
| Profit (loss) for the period before taxes9903 | €5,106 | -€21,986 | -€83,071 | €62,445 | €59,840 | €70,447 | €78,639 | €91,919 | ▲ 16.9% |
| Income taxes67/77 | €2,733 | €1 | €483 | €253 | €1,414 | €14,276 | €15,906 | €18,785 | ▲ 18.1% |
| Profit (loss) for the period9904 | €2,373 | -€21,987 | -€83,554 | €62,192 | €58,426 | €56,172 | €62,733 | €73,134 | ▲ 16.6% |
| Profit (loss) for the period to be appropriated9905 | €2,373 | -€21,987 | -€83,554 | €62,192 | €58,426 | €56,172 | €62,733 | €73,134 | ▲ 16.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €457,866 | €418,818 | €307,629 | €284,105 | €309,893 | €271,670 | €287,207 | €376,944 | ▲ 31.2% |
| Fixed assets21/28 | €410,190 | €392,626 | €241,531 | €232,959 | €225,150 | €214,929 | €210,467 | €204,551 | ▼ 2.8% |
| Tangible fixed assets22/27 | €262,020 | €244,456 | €238,362 | €229,789 | €221,981 | €214,860 | €210,398 | €204,481 | ▼ 2.8% |
| Land and buildings22 | - | - | - | €228,649 | €221,740 | €214,832 | €207,923 | €201,014 | ▼ 3.3% |
| Furniture and vehicles24 | - | - | - | €1,140 | €240 | €28 | €2,475 | €3,467 | ▲ 40.1% |
| Financial fixed assets28 | €148,169 | €148,170 | €3,169 | €3,169 | €3,169 | €69 | €69 | €69 | = |
| Current assets29/58 | €47,676 | €26,192 | €66,098 | €51,146 | €84,743 | €56,741 | €76,740 | €172,393 | ▲ 125% |
| Amounts receivable within one year40/41 | €21,908 | €1,634 | €14,417 | €16,199 | €15,631 | €23,595 | €18,908 | €16,485 | ▼ 12.8% |
| Trade receivables40 | - | - | - | €14,316 | €13,703 | €16,243 | €16,810 | €15,246 | ▼ 9.3% |
| Other amounts receivable41 | - | - | - | €1,883 | €1,928 | €7,352 | €2,099 | €1,239 | ▼ 40.9% |
| Current investments50/53 | - | €15,000 | €50,000 | €30,000 | €65,000 | €30,000 | €55,000 | €150,110 | ▲ 173% |
| Cash at bank and in hand54/58 | €24,846 | €9,280 | €1,402 | €4,648 | €3,803 | €2,822 | €2,442 | €5,135 | ▲ 110% |
| Deferred charges and accrued income490/1 | - | - | - | €299 | €309 | €325 | €389 | €662 | ▲ 70.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €457,866 | €418,818 | €307,629 | €284,105 | €309,893 | €271,670 | €287,207 | €376,944 | ▲ 31.2% |
| Equity10/15 | €207,272 | €185,284 | €101,730 | €43,923 | €102,348 | €68,372 | €131,105 | €19,334 | ▼ 85.3% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €201,072 | €201,072 | €201,072 | €81,072 | €96,148 | €62,172 | €124,905 | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €79,212 | €94,288 | €62,172 | €124,905 | - | - |
| Profit (loss) carried forward14 | - | -€21,987 | -€105,541 | -€43,349 | - | - | - | €13,134 | - |
| Amounts payable17/49 | €250,594 | €233,533 | €205,899 | €240,182 | €207,544 | €203,299 | €156,102 | €357,610 | ▲ 129% |
| Amounts payable after more than one year17 | €230,500 | €222,980 | €203,000 | €203,000 | €203,000 | €203,000 | €153,000 | €153,000 | = |
| Financial debts170/4 | - | - | - | €203,000 | €203,000 | €203,000 | €153,000 | €153,000 | = |
| Amounts payable within one year42/48 | €18,719 | €10,553 | €2,899 | €37,182 | €4,544 | €299 | €3,102 | €204,610 | ▲ 66× |
| Trade debts44 | €2,855 | €766 | €2,707 | €2,929 | €3,130 | €299 | €3,102 | €3,469 | ▲ 11.8% |
| Suppliers440/4 | - | - | - | €2,929 | €3,130 | €299 | €3,102 | €3,469 | ▲ 11.8% |
| Taxes, remuneration and social security45 | - | - | - | €253 | €1,414 | - | - | €16,236 | - |
| Taxes450/3 | - | - | - | €253 | €1,414 | - | - | €15,236 | - |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €1,000 | - |
| Other amounts payable47/48 | - | - | - | €34,000 | - | - | - | €184,905 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,373 | -€21,987 | -€83,554 | €62,192 | €58,426 | €56,172 | €62,733 | €73,134 | ▲ 16.6% |
| + Depreciation and write-downs630 | €18,083 | €17,564 | €8,794 | €8,572 | €7,809 | €7,121 | €8,163 | €9,264 | ▲ 13.5% |
| Operating cash flow (approximation) | €20,456 | -€4,423 | -€74,760 | €70,765 | €66,234 | €63,292 | €70,896 | €82,397 | ▲ 16.2% |
| Investment in fixed assets (approximation) | - | -€0 | €142,301 | €0 | €0 | €3,100 | -€3,701 | -€3,347 | ▲ 9.6% |
| Change in cash | - | -€15,566 | -€7,877 | €3,246 | -€845 | -€981 | -€380 | €2,693 | - |
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 |
|---|---|---|---|
| 30-06-2026 | micro format | 28-09-2026 | 2026-00532153 |
| 30-06-2025 | micro format | 22-10-2025 | 2025-00548353 |
| 30-06-2024 | micro format | 30-09-2024 | 2024-00483529 |
| 30-06-2023 | abbreviated format | 28-09-2023 | 2023-00457793 |
| 30-06-2022 | abbreviated format | 30-09-2022 | 2022-20444023 |
| 30-06-2021 | abbreviated format | 09-11-2021 | 2021-76900212 |
| 30-06-2020 | abbreviated format | 26-11-2020 | 2020-72100053 |
| 30-06-2019 | abbreviated format | 29-10-2019 | 2019-72000101 |
| 30-06-2018 | abbreviated format | 26-10-2018 | 2018-70800578 |
| 30-06-2017 | abbreviated format | 29-10-2017 | 2017-68400288 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HANNAERT Jurgen |
|
Owners and capital
Capital and shareholders
- 09-02-2024 Converted to unavailable equity
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
50%
According to the annual accounts to 30-06-2023 of DFROG and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-02
Gazette deed
Resignation: HANNAERT Jurgen (director)Reappointment: HANNAERT Jurgen (director) · Amendment of the articles · Capital conversion10 facts ▸
- General meeting, 15-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital
- Director resignation, HANNAERT Jurgen (director)
- Director discharge, HANNAERT Jurgen
- Director reappointment, HANNAERT Jurgen (director (not named in the articles))
- Power of attorney, Renate De Koker (2 times)
- Registered office clause, “1745 Opwijk Hulst 34 bus B” (deed in Dutch)
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23060C0476/00F000 | Flanders | 858 m² | 1 · 139 m² | 8.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van advies en hulp aan het bedrijfsleven en de overheid op het gebied van planning:organisatie,efficiëntie en toezicht…” (deed in Dutch)
14 activities (deed in Dutch)
- Het verlenen van advies en hulp aan het bedrijfsleven en de overheid op het gebied van planning:organisatie,efficiëntie en toezicht
- Managementsactiviteiten van holdings:het tussenkomen in het dagelijks bestuur,het vertegenwoordigen van bedrijven op grond van het bezit of controle over het maatschappelijk kapitaal en andere managementsactiviteiten
- Het op lange termijn aanhouden van aandelen die afkomstig zijn van verschillende andere bedrijven uit verscheidene economische sectoren
- Computeradviesbureau,het verlenen van advies over hardware en hun configuratie en toepassing van bijhorende software
- Alle handel in,productie en onderhoud van computerhardware en–software,randapparatuur,toebehoren en benodigdheden,kantoormachines,meubelen en kantoormeubilair,papierwaren en kantoorbehoefte,inrichting en uitrusting van kantoren,verlichtingsartikelen,radio-en technisch materiaal,communicatie-en beveiligingssystemen
- Organisatie van seminaries,cursussen en conferenties
- Studie-,organisatie-,raadgevend en uitvoerend bureau inzake informatieverwerking,automatisering in het algemeen en op elk niveau,handels-en sociale aangelegenheden
- Bureau voor nijverheidsstudiën,analyse,ontwerp,ontwikkeling en productie van systemen en toepassingen
- Verhuring en in leasing geven van materiaal,machines,software,computertijd en andere
- Tussenpersoon in de handel
- Gespecialiseerde hard-en softwarediensten
- Het verstrekken van management en advies inzake opleiding en begeleiding van gespecialiseerd personeel inzake automatisatie en communicatie
- Vertalers en tolken
- De vennootschap kan,als bijkomstig voorwerp,beleggen in roerende of onroerende goederen en mag haar middelen investeren.Het beleggen of investeren van haar middelen mag gefinancierd worden door leningen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DFROG
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Eenvoudige beslissing, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 16. Bevoegdheden van het bestuursorgaan § 1. Interne bevoegdheid Als er slechts één bestuurder is, is het geheel van de bevoegdheden…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten, los van representatie-, reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper(s) naar evenredigheid verworven aantal, elke overdracht onder levenden ten bezwarende/kosteloze…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding en sluiting vereffening in een akte mogelijk onder voorwaarden WVV” (deed in Dutch)1 more provision on this in the deed