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DG-VISION

Active
Private limited companyfounded 201511 yrs activeRue Bois Mignon(Ber) 8, 5651 Walcourt, BelgiumKBO/BCE: BE 0597.793.776
Summary

The computed 12-month bankruptcy probability of DG-VISION is 1.6% (moderate). The 2024 annual accounts show equity of €20,475 and a net result of -€1,749. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 36380 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability13▼-87
Solvency82▼-18
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.11 against 6.99 in 2023; short-term debt: 43.4% and cash: 68.1% of total assets), and 43.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
56.6%
Return on assets
-4.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 11 years 0 20 y
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-01-2026, 159 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
159 d late
2023
124 d late
2022
25 d late
2021
73 d early
2020
138 d early
2019
88 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 9 February 2015, DG-VISION was incorporated.1 Total assets went from EUR 11,364 in 2018 to EUR 36,150 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€32,852
EBIT margin
8.9%
Net result
-€1,749
2023 · €9,657
Working capital
€17,323▼ 22.1%
2023 · €22,224
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€32,852
Operating result€6,509-€1,090€2,923€10,665▲ 265%-€1,632
Net result€5,400-€1,171€2,735€9,657▲ 253%-€1,749
EBIT margin8.9%
Equity€11,003▲ 96.4%€9,832▼ 10.6%€12,568▲ 27.8%€22,224▲ 76.8%€20,475▼ 7.9%
Total assets€14,517▲ 111%€18,516▲ 27.5%€14,356▼ 22.5%€25,932▲ 80.6%€36,150▲ 39.4%
Debt€3,514▲ 172%€8,683▲ 147%€1,789▼ 79.4%€3,708▲ 107%€15,674▲ 323%
Working capital€11,003▲ 96.4%€9,682▼ 12.0%€12,568▲ 29.8%€22,224▲ 76.8%€17,323▼ 22.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000Operating result 2020: €6,509€6,509Net result 2020: €5,400€5,400Operating result 2021: -€1,090-€1,090Net result 2021: -€1,171-€1,171Operating result 2022: €2,923€2,923Net result 2022: €2,735€2,735Operating result 2023: €10,665€10,665Net result 2023: €9,657€9,657Operating result 2024: -€1,632-€1,632Net result 2024: -€1,749-€1,74920202021202220232024-€5,000€0€5,000€10,000Operating result 2022: €2,923€2,920Net result 2022: €2,735€2,740Operating result 2023: €10,665€10,700Net result 2023: €9,657€9,660Operating result 2024: -€1,632-€1,630Net result 2024: -€1,749-€1,750202220232024
The operating result turns negative in 2024: a loss of €1,632 after €10,665 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36,150
Fixed assets €3,153
Current assets €32,997
Equity and liabilities €36,150
Equity €20,475 ▼ 7.9%
Debt €15,674 ▲ 323%
Debt's share of the balance-sheet total rises from 14.3% to 43.4%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€1,449
Cash flow
-€1,566
Current ratio
2.11▼
2023 · 6.99
Debt to equity
0.77▲
2023 · 0.17
ROE
-8.5%▼
2023 · 43.5%
ROA
-4.8%▼
2023 · 37.2%
Interest coverage
-12.47
Debt ≤ 1 year
€15,674▲
2023 · €3,708
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.8% stopped otherwise
91% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,916 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€25,932€36,150▲
Fixed assets21/28-€3,153
Tangible fixed assets22/27-€3,153
Plant, machinery and equipment23-€751
Furniture and vehicles24-€2,402
Current assets29/58€25,932€32,997▲
Amounts receivable within one year40/41€22,275€8,379▼
Trade receivables40€17,449€4,713▼
Other amounts receivable41€4,826€3,666▼
Cash at bank and in hand54/58€3,657€24,617▲
Equity and liabilities
Total equity and liabilities10/49€25,932€36,150▲
Equity10/15€22,224€20,475▼
Contributions10/11€6,300€6,300=
Capital10€6,300€6,300=
Issued capital100€18,600€18,600=
Uncalled capital101€12,300€12,300=
Reserves13€265€265=
Non-distributable reserves130/1€265€265=
Legal reserve130€137€137=
Reserves not available under the articles1311€128€128=
Profit (loss) carried forward14€15,659€13,911▼
Amounts payable17/49€3,708€15,674▲
Amounts payable within one year42/48€3,708€15,674▲
Trade debts44€2,615€9,531▲
Suppliers440/4€2,615€9,531▲
Other amounts payable47/48€1,093€6,143▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€183
Other operating charges640/8€384€1,927▲
Gross operating margin9900€11,050€478▼
Operating profit (loss)9901€10,665-€1,632▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€77€116▲
Recurring financial charges65€77€116▲
Profit (loss) for the period before taxes9903€10,588-€1,749▼
Income taxes67/77€932-
Profit (loss) for the period9904€9,657-€1,749▼
Profit (loss) for the period to be appropriated9905€9,657-€1,749▼
Appropriation of the result
Profit (loss) to be appropriated9906€15,659€13,911▼
Profit (loss) brought forward from the previous period14P€6,003€15,659▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70--€32,852---
Goods, raw materials, services and sundry goods60/61--€28,228---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630----€183-
Other operating charges640/8--€1,701€384€1,927▲ 401%
Gross operating margin9900€6,509-€1,090€4,624€11,050€478▼ 95.7%
Operating profit (loss)9901€6,509-€1,090€2,923€10,665-€1,632▼ 115%
Financial income75/76B-€0€0-€0-
Recurring financial income75-€0€0-€0-
Non-recurring financial income76B-€0----
Financial charges65/66B-€81€165€77€116▲ 50.3%
Recurring financial charges65-€81€165€77€116▲ 50.3%
Non-recurring financial charges66B-€81----
Profit (loss) for the period before taxes9903€6,436-€1,171€2,758€10,588-€1,749▼ 117%
Income taxes67/77€1,036-€23€932--
Profit (loss) for the period9904€5,400-€1,171€2,735€9,657-€1,749▼ 118%
Profit (loss) for the period to be appropriated9905€5,400-€1,171€2,735€9,657-€1,749▼ 118%
Line20202021202220232024Change
Assets
Total assets20/58€14,517€18,516€14,356€25,932€36,150▲ 39.4%
Fixed assets21/28-€150--€3,153-
Tangible fixed assets22/27----€3,153-
Plant, machinery and equipment23----€751-
Furniture and vehicles24----€2,402-
Financial fixed assets28-€150----
Current assets29/58€14,517€18,366€14,356€25,932€32,997▲ 27.2%
Amounts receivable within one year40/41€6,045€10,498€5,621€22,275€8,379▼ 62.4%
Trade receivables40-€10,498€5,280€17,449€4,713▼ 73.0%
Other amounts receivable41--€341€4,826€3,666▼ 24.0%
Cash at bank and in hand54/58€8,472€7,867€8,735€3,657€24,617▲ 573%
Equity and liabilities
Total equity and liabilities10/49€14,517€18,516€14,356€25,932€36,150▲ 39.4%
Equity10/15€11,003€9,832€12,568€22,224€20,475▼ 7.9%
Contributions10/11-€6,300€6,300€6,300€6,300=
Capital10--€6,300€6,300€6,300=
Issued capital100--€18,600€18,600€18,600=
Uncalled capital101--€12,300€12,300€12,300=
Reserves13€128€128€265€265€265=
Non-distributable reserves130/1-€128€265€265€265=
Legal reserve130--€137€137€137=
Reserves not available under the articles1311-€128€128€128€128=
Profit (loss) carried forward14€4,575€3,404€6,003€15,659€13,911▼ 11.2%
Amounts payable17/49€3,514€8,683€1,789€3,708€15,674▲ 323%
Amounts payable within one year42/48€3,514€8,683€1,789€3,708€15,674▲ 323%
Trade debts44€3,365€4,744€695€2,615€9,531▲ 265%
Suppliers440/4-€4,744€695€2,615€9,531▲ 265%
Taxes, remuneration and social security45-€314----
Taxes450/3-€314----
Other amounts payable47/48-€3,626€1,093€1,093€6,143▲ 462%
Line20202021202220232024Change
Profit (loss) for the period9904€5,400-€1,171€2,735€9,657-€1,749▼ 118%
+ Depreciation and write-downs630----€183-
Operating cash flow (approximation)€5,400-€1,171€2,735€9,657-€1,566▼ 116%
Change in cash--€605€868-€5,078€20,960▲ 513%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
06-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 159 days late
2024
02-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 124 days late
2023
31-12
Financial Highest result since 2018net €9,657 ▲253%
Operating result €10,665, net result €9,657, both a record.
25-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial Back to profitnet €2,735
Net result €2,735 after one loss-making year.
31-12
Financial Liquidity quadruplescurrent ratio 8.03
Current ratio from 2.12 to 8.03; short-term debt falls from €8,683 to €1,789.
19-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
15-03
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Back to profitnet €5,400
Net result €5,400 after one loss-making year.
04-05
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Weakest financial yearnet -€3,261
Net result drops to -€3,261, the lowest in the series; recovery starts the following year.
03-05
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
30-05
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
29-05
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
09-05
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Walcourt · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
1,766 m²
Building footprint
185 m²
Volume, LiDAR
439 m³
2 parcels, Wallonia · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Bruyère 240, 6001 Charleroi
Construction of utility projects for electricity and telecommunications
since 20152.240.464.131
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52392C0756/00Z023 Wallonia 1,016 m² 1 · 89 m² 6.5 m · 2 fl.
93004B0116/00P002 Wallonia 750 m² 1 · 96 m² -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,245 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded09-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0597793776
Registered 14-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.