DG Development
ActiveSummary
DG Development has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,000 and a net result of €38,466. Equity has been shrinking by about 53% per year since 2022. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 11% of 21,158 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-12-2021 Normal situation
- Activity
- Computer programming NACE 62100and 4 others
- Establishment unit
- 2.325.539.267 4000 Liège, since 01-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Board and ownership
Board
- GABRIEL DanielDirector · since 21-12-2021
Shareholders
- GABRIEL Danielfounderact of 23-12-2021
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €55,762
- ▼ 14.2%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €38,466
- ▼ 13.7%
- Equity
- €5,000
- ▼ 86.4%
- Total assets
- €108,340
- ▼ 3.8%
Score breakdownraises riskEquity €5,000 (4.6% of total assets)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 0.98, cash €80,497Size: total assets €108,340Show the evidence
Checked score
Score 2025
92
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 32% of micro companies in computer programming and consultancy (NACE 62)
Financial strength · tick: 2024
Average
Solvency
30-28
equity 4.6% of total assets
Liquidity
50-14
short-term debt 95.4% · cash 74.3%
Profitability
100=
return on assets 35.5%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
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%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026highest value
06-2026: 0.1%● unchanged vs 05-2026highest value
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
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 62, micro). It does better than 13% of them on solvency, 27% on liquidity, 82% on profitability and 7% on growth.
The bankruptcy probability was computed on 04-11-2026 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 21158 sector peers (2025).
NBB · sector comparisonPosition among 21158 sector peers
Solvency
better than 11%
← 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 19-03-2026, 134 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
134 days early
2024
125 days early
2023
152 days early
2022
173 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 146 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 11 March (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 19-03-2026 PDF all 4 filings
Turnover
≈ €130,000
Estimated: probably between €110,000 and €170,000
Total assets
€108,340▼ 3.8%
2024 · €112,673
Net result
€38,466▼ 13.7%
2024 · €44,557
Working capital
-€2,219
2024 · €24,739
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€50,890
▼ 13.8%
2025
20222025
Net result
€38,466
▼ 13.7%
2025
middle half of the sector
20222025
Equity
€5,000
▼ 86.4%
2025
lowest quarter of the sector
20222025
Total assets
€108,340
▼ 3.8%
2025
middle half of the sector
20222025
Debt
€103,340
▲ 35.9%
2025
20222025
Working capital
-€2,219
2025
lowest quarter of the sector
20222025
Solvency
4.6%
▼ 27.9pp
2025
lowest quarter of the sector
20222025
Current ratio
0.98
▼ 0.35
2025
lowest quarter of the sector
20222025
Return on assets (ROA)
35.5%
▼ 4.0pp
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€62,124-€38,382▼ 38.2%€59,043▲ 53.8%€50,890▼ 13.8%
Net result€48,288above the sector's middle half-€28,796within the sector's middle half▼ 40.4%€44,557within the sector's middle half▲ 54.7%€38,466within the sector's middle half▼ 13.7%
Equity€53,288within the sector's middle half-€82,083within the sector's middle half▲ 54.0%€36,640within the sector's middle half▼ 55.4%€5,000below the sector's middle half▼ 86.4%
Total assets€81,604within the sector's middle half-€113,610within the sector's middle half▲ 39.2%€112,673within the sector's middle half▼ 0.8%€108,340within the sector's middle half▼ 3.8%
Debt€28,316-€31,527▲ 11.3%€76,033▲ 141%€103,340▲ 35.9%
Working capital€53,288within the sector's middle half-€79,383within the sector's middle half▲ 49.0%€24,739within the sector's middle half▼ 68.8%-€2,219below the sector's middle half
Solvency65.3%within the sector's middle half-72.2%within the sector's middle half▲ 6.9pp32.5%below the sector's middle half▼ 39.7pp4.6%below the sector's middle half▼ 27.9pp
Current ratio2.88within the sector's middle half-3.52within the sector's middle half▲ 0.641.33below the sector's middle half▼ 2.190.98below the sector's middle half▼ 0.35
Return on assets (ROA)59.2%above the sector's middle half-25.3%within the sector's middle half▼ 33.8pp39.5%above the sector's middle half▲ 14.2pp35.5%within the sector's middle half▼ 4.0pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 14% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108,340
Fixed assets
€7,248 ▼ 39.1%
Current assets
€101,093 ▲ 0.3%
Equity and liabilities €108,340
Equity
€5,000 ▼ 86.4%
Debt
€103,340 ▲ 35.9%
Debt's share of the balance-sheet total rises from 67.5% to 95.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€55,542▼
2024 · €62,994
Cash flow
€43,119▼
2024 · €48,507
Debt to equity
20.67▲
2024 · 2.08
ROE
769.3%▲
2024 · 121.6%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€103,311▲
2024 · €76,033
Income taxes
€12,310▼
2024 · €14,372
Staff costs
€0▼
2024 · €1,756
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €3,845 | €13,151 | €8,815 |
| Depreciation and write-downs of the year | - | €1,145 | €3,951 | €4,653 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,521 | €1,756 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,145 | €3,951 | €4,653 | ▲ 17.8% |
| Other operating charges640/8 | - | €220 | €220 | €220 | = |
| Gross operating margin9900 | €62,124 | €41,269 | €64,970 | €55,762 | ▼ 14.2% |
| Operating profit (loss)9901 | €62,124 | €38,382 | €59,043 | €50,890 | ▼ 13.8% |
| Financial income75/76B | €1 | €17 | €0 | €0 | - |
| Recurring financial income75 | €1 | €17 | €0 | €0 | - |
| Non-recurring financial income76B | - | - | - | €0 | - |
| Financial charges65/66B | €7 | €127 | €114 | €114 | = |
| Recurring financial charges65 | €7 | €127 | €114 | €114 | = |
| Profit (loss) for the period before taxes9903 | €62,118 | €38,273 | €58,929 | €50,776 | ▼ 13.8% |
| Income taxes67/77 | €13,830 | €9,478 | €14,372 | €12,310 | ▼ 14.4% |
| Profit (loss) for the period9904 | €48,288 | €28,796 | €44,557 | €38,466 | ▼ 13.7% |
| Profit (loss) for the period to be appropriated9905 | €48,288 | €28,796 | €44,557 | €38,466 | ▼ 13.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €81,604 | €113,610 | €112,673 | €108,340 | ▼ 3.8% |
| Fixed assets21/28 | - | €2,701 | €11,900 | €7,248 | ▼ 39.1% |
| Tangible fixed assets22/27 | - | €2,701 | €11,900 | €7,248 | ▼ 39.1% |
| Furniture and vehicles24 | - | €2,701 | €11,900 | €7,248 | ▼ 39.1% |
| Current assets29/58 | €81,604 | €110,910 | €100,772 | €101,093 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €15,731 | €15,909 | €18,344 | €18,584 | ▲ 1.3% |
| Trade receivables40 | €15,730 | €15,246 | €18,168 | €18,307 | ▲ 0.8% |
| Other amounts receivable41 | €1 | €663 | €176 | €277 | ▲ 57.3% |
| Cash at bank and in hand54/58 | €61,290 | €91,926 | €79,673 | €80,497 | ▲ 1.0% |
| Deferred charges and accrued income490/1 | €4,582 | €3,074 | €2,755 | €2,011 | ▼ 27.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €81,604 | €113,610 | €112,673 | €108,340 | ▼ 3.8% |
| Equity10/15 | €53,288 | €82,083 | €36,640 | €5,000 | ▼ 86.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €48,288 | €77,083 | €31,640 | €0 | ▼ 100% |
| Amounts payable17/49 | €28,316 | €31,527 | €76,033 | €103,340 | ▲ 35.9% |
| Amounts payable within one year42/48 | €28,316 | €31,527 | €76,033 | €103,311 | ▲ 35.9% |
| Trade debts44 | €2,259 | €2,141 | €2,134 | €1,958 | ▼ 8.3% |
| Suppliers440/4 | €2,259 | €2,141 | €2,134 | €1,958 | ▼ 8.3% |
| Bills of exchange payable441 | - | - | - | €0 | - |
| Taxes, remuneration and social security45 | €20,112 | €29,387 | €22,224 | €27,992 | ▲ 26.0% |
| Taxes450/3 | €20,112 | €29,387 | €22,224 | €27,992 | ▲ 26.0% |
| Remuneration and social security454/9 | - | - | €0 | - | - |
| Other amounts payable47/48 | €5,946 | €0 | €51,675 | €73,361 | ▲ 42.0% |
| Accrued charges and deferred income492/3 | - | - | - | €29 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,288 | €28,796 | €44,557 | €38,466 | ▼ 13.7% |
| + Depreciation and write-downs630 | - | €1,145 | €3,951 | €4,653 | ▲ 17.8% |
| Operating cash flow (approximation) | €48,288 | €29,940 | €48,507 | €43,119 | ▼ 11.1% |
| Investment in fixed assets (approximation) | - | - | -€13,151 | €0 | - |
| Change in cash | - | €30,636 | -€12,253 | €824 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,157 companies had the same profile as DG Development has now. Two years later, 94.1% were still going and 3.0% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
94.1%
was still going
2.8%
stopped otherwise
3.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DG Development itself is lower: 0.1% within 12 months. It rests on far more data about DG Development than the profile alone.
Test of the method
The method was tested on the 497,446 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 2,157 companies, not a prediction for DG Development. 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.
Board & ownership
Directors
Directors
1 director, since incorporation
GABRIEL Daniel
Current
Director (not named in the articles) · since 21-12-2021 · term without a fixed end · listed in the 2025 annual accounts, filed on 19-03-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
deed of 23-12-2021Owners and capital
Shareholders
At incorporation
act of 23-12-2021 ↗
- GABRIEL Daniel sole founder · 100% at incorporation
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Frais généraux, majorité absolue voix”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, organe d'administration”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et…”
Articles of association, deed of 23-12-2021 (in French)
Network & group
DG Development shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of DG Development. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
19-03
micro format · 134 days before the deadline
2025
28-03
micro format · 125 days before the deadline
2024
01-03
micro format · 152 days before the deadline
2023
31-12
Financial
Weakest financial yearnet €28,796 ▼40.4%
The net result drops to €28,796, the lowest from 2022 to 2025. It recovers the following year.
08-02
micro format · 173 days before the deadline
2021
23-12
Gazette deed
IncorporationFounder: GABRIEL Daniel · Founding capital of €5,000, 100 shares · Appointment: GABRIEL Daniel (director)5 points ▸
Gazette deed
Incorporation
Founder: GABRIEL Daniel · Founding capital of €5,000, 100 shares · Appointment: GABRIEL Daniel (director)5 points ▸
- Incorporation, 21-12-2021
- Founder, GABRIEL Daniel
- Founding capital, €5,000, 100 shares
- Registered office clause, rue de Lantin, 132/12, 4000 ROCOURT (LIÈGE)
- Director appointment, GABRIEL Daniel (director (not named in the articles))
- The act holds 8 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
DG Development in French
Enterprise number
0778.928.608
Legal form
Private limited company
Status
Active, normale toestand
Founded
21-12-2021
Entity type
Legal entity
Name clauseThe company operates under this name according to its articles.
DG Development
deed of 23-12-2021 (in French)Registered office and establishments
Registered office
Rue de Lantin 132, 4000 Liège, Belgium
Establishment unit
DG Development, Rue de Lantin 132, 4000 Liège since 01-01-2022 · unit number 2.325.539.267
Activities
NACEBEL 202562100
Computer programming main activity
62200
Computer consultancy and computer facilities management
62900
Other information technology and computer services
63100
Computing infrastructure, data processing, hosting and related activities
63910
Web portal activities
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
62020
IT consultancy
62030
Computer programming, consultancy and related activities
62090
Computer programming, consultancy and related activities
63110
Computing infrastructure, data processing, hosting and other information service activities
63120
Computing infrastructure, data processing, hosting and other information service activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 23-12-2021 (in French)
“Toutes activités se rapportant,directement ou indirectement à l’achat et la vente de matériel informatique,domotique,aux conseils en…”
5 activities
- Toutes activités se rapportant,directement ou indirectement à l’achat et la vente de matériel informatique,domotique,aux conseils en informatique dans tous les secteurs d’activité économique,à l’organisation de cours et séminaires d’informatique,aux bureaux d’études et aux administrations de réseaux en tous genres
- Tous les services et prestations en matière informatique tel que le développement informatique,la programmation informatique,l’analyse technique,la consultance,l’analyse business,l’analyse fonctionnelle,la gestion de projet,le management,le montage vidéo,le streaming vidéo,l’assistance informatique,Web master,Web design,la gestion de bases des données,le graphisme,l’infographie,la gestion d’installations informatiques,et y compris la fabrication,l’assemblage,l’achat,la vente,la location,le leasing,la réparation,en gros ou en détail,de tout matériel informatique au sens le plus large du terme et de tous matériels de réception par satellite,le suivi auprès de la clientèle,le dépannage en atelier et à son domicile et activités connexes et plus généralement l’exercice de toutes activités non réglementées
- L’importation,l’exportation et la fabrication de tous matériels et logiciels informatiques
- La formation,séminaire en matière informatique en présentiel,en ligne et à distance,pour tous âges et tous publics
- La gestion des investissements et participations dans des sociétés-filles,l’exercice de fonction d’administration,la fourniture de conseils,le management et autres services de même nature que les activités de la société. Ces services peuvent être fournis sur une base contractuelle ou statutaire et en qualité de conseiller externe ou d’organe de gestion
Invoicing and payment
VAT number
BE 0778.928.608
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of June at 11:00
deed of 23-12-2021 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
1,963 m²
Building footprint
468 m²
Building volume
4,338 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62087B0335/00D002 | Wallonia | 1,963 m² | 1 · 468 m² | 11.2 m · 3 |