DG2
ActiveSummary
DG2 has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €64,450 and a net result of €2,646. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 12% of 1295 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability42▲+10
Solvency29▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.99 against 1.01 in 2023; short-term debt: 93.9% and cash: 3.8% of total assets), and 96.4% of the assets are financed with debt.
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Signals
Six 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1295 sector peers (2024).
NBB · sector comparisonPosition among 1295 sector peers
Solvency
better than 12%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €64,450
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 02-02-2026, 186 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 filingsDeviation from the deadline
2025
not confirmed
2024
186 d late
2023
224 d late
2022
227 d late
2021
162 d late
2020
101 d late
2019
179 d late
← 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 180 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#10 company by total assets in Binche, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,646▼ 26.4%
2023 · €3,594
Working capital
-€11,135
2023 · €12,606
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€28,400▲ 96.2%€13,789▼ 51.4%€79,454▲ 476%€120,836▲ 52.1%€40,800▼ 66.2%
Net result€2,012within the sector's middle half-€21,078below the sector's middle half€21,492within the sector's middle half€3,594within the sector's middle half▼ 83.3%€2,646within the sector's middle half▼ 26.4%
Equity€57,796within the sector's middle half▲ 3.6%€36,718below the sector's middle half▼ 36.5%€58,210below the sector's middle half▲ 58.5%€61,804within the sector's middle half▲ 6.2%€64,450within the sector's middle half▲ 4.3%
Total assets€2.5mwithin the sector's middle half▲ 27.6%€2.0mwithin the sector's middle half▼ 18.5%€3.1mwithin the sector's middle half▲ 53.6%€2.6mwithin the sector's middle half▼ 15.1%€1.8mwithin the sector's middle half▼ 31.1%
Debt€2.4m▲ 28.3%€2.0m▼ 18.1%€3.0m▲ 53.5%€2.5m▼ 15.5%€1.7m▼ 31.9%
Working capital€55,259within the sector's middle half▼ 30.9%€20,150within the sector's middle half▼ 63.5%€15,030within the sector's middle half▼ 25.4%€12,606within the sector's middle half▼ 16.1%-€11,135below the sector's middle half
Solvency2.4%below the sector's middle half▼ 0.5pp1.8%below the sector's middle half▼ 0.5pp1.9%below the sector's middle half▲ 0.1pp2.4%below the sector's middle half▲ 0.5pp3.6%below the sector's middle half▲ 1.2pp
Current ratio1.02below the sector's middle half▼ 0.021.01below the sector's middle half▼ 0.011.01below the sector's middle half▼ 0.011.01below the sector's middle half=0.99below the sector's middle half▼ 0.01
Return on assets (ROA)0.1%within the sector's middle half▲ 0.3pp-1.1%below the sector's middle half▼ 1.1pp0.7%within the sector's middle half▲ 1.8pp0.1%within the sector's middle half▼ 0.6pp0.1%within the sector's middle half=
Staff (FTE)4.8within the sector's middle half▼ 11.1%4.1within the sector's middle half▼ 14.6%3.9below the sector's middle half▼ 4.9%3.2below the sector's middle half▼ 17.9%3.1below the sector's middle half▼ 3.1%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 66% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.8m
Fixed assets
€121,180 ▼ 2.6%
Current assets
€1.7m ▼ 32.5%
Equity and liabilities €1.8m
Equity
€64,450 ▲ 4.3%
Debt
€1.7m ▼ 31.9%
Debt's share of the balance-sheet total falls from 97.6% to 96.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91,531▼
2023 · €181,514
Cash flow
€53,377▼
2023 · €64,272
Quick ratio
0.41▼
2023 · 0.72
Debt to equity
26.88▼
2023 · 41.16
ROE
4.1%▼
2023 · 5.8%
Interest coverage
2.75▲
2023 · 1.55
Debt ≤ 1 year
€1.7m▼
2023 · €2.5m
Debt > 1 year
€45,595▼
2023 · €75,237
Income taxes
€4,900▲
2023 · €176
Staff costs
€108,759▼
2023 · €180,303
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,377 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
1.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 1,377 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €21,500 | - | - |
| Remuneration, social security and pensions62 | - | €183,074 | €201,010 | €180,303 | €108,759 | ▼ 39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,404 | €55,462 | €68,858 | €60,678 | €50,731 | ▼ 16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,448 | - | - | - |
| Other operating charges640/8 | - | €4,263 | €6,543 | €7,721 | €3,257 | ▼ 57.8% |
| Non-recurring operating charges66A | - | €723 | €633 | €849 | €870 | ▲ 2.5% |
| Gross operating margin9900 | €256,977 | €257,311 | €358,946 | €370,387 | €204,417 | ▼ 44.8% |
| Operating profit (loss)9901 | €28,400 | €13,789 | €79,454 | €120,836 | €40,800 | ▼ 66.2% |
| Financial income75/76B | - | - | - | €8 | - | - |
| Recurring financial income75 | €0 | - | - | €8 | - | - |
| Financial charges65/66B | - | €34,044 | €55,607 | €117,074 | €33,254 | ▼ 71.6% |
| Recurring financial charges65 | €26,387 | €34,044 | €55,607 | €117,074 | €33,254 | ▼ 71.6% |
| Profit (loss) for the period before taxes9903 | €2,012 | -€20,255 | €23,847 | €3,770 | €7,546 | ▲ 100% |
| Income taxes67/77 | - | €823 | €2,355 | €176 | €4,900 | ▲ 2,684% |
| Profit (loss) for the period9904 | €2,012 | -€21,078 | €21,492 | €3,594 | €2,646 | ▼ 26.4% |
| Profit (loss) for the period to be appropriated9905 | €2,012 | -€21,078 | €21,492 | €3,594 | €2,646 | ▼ 26.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.0m | €3.1m | €2.6m | €1.8m | ▼ 31.1% |
| Fixed assets21/28 | €147,450 | €84,526 | €157,166 | €124,435 | €121,180 | ▼ 2.6% |
| Tangible fixed assets22/27 | €143,920 | €81,496 | €154,136 | €121,405 | €118,150 | ▼ 2.7% |
| Plant, machinery and equipment23 | - | €26,845 | €5,896 | €2,948 | - | - |
| Furniture and vehicles24 | - | €54,651 | €148,240 | €118,457 | €118,150 | ▼ 0.3% |
| Financial fixed assets28 | €3,530 | €3,030 | €3,030 | €3,030 | €3,030 | = |
| Current assets29/58 | €2.3m | €1.9m | €2.9m | €2.5m | €1.7m | ▼ 32.5% |
| Stocks and contracts in progress3 | €554,346 | €1.2m | €2.7m | €710,260 | €978,618 | ▲ 37.8% |
| Stocks30/36 | - | €1.2m | €2.7m | €710,260 | €978,618 | ▲ 37.8% |
| Amounts receivable within one year40/41 | €1.6m | €585,216 | €109,861 | €880,085 | €628,019 | ▼ 28.6% |
| Trade receivables40 | - | €547,709 | €41,654 | €803,285 | €310,098 | ▼ 61.4% |
| Other amounts receivable41 | - | €37,507 | €68,207 | €76,800 | €317,921 | ▲ 314% |
| Cash at bank and in hand54/58 | €68,867 | €129,660 | €137,265 | €883,217 | €68,869 | ▼ 92.2% |
| Deferred charges and accrued income490/1 | - | €642 | €9,161 | €7,852 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.0m | €3.1m | €2.6m | €1.8m | ▼ 31.1% |
| Equity10/15 | €57,796 | €36,718 | €58,210 | €61,804 | €64,450 | ▲ 4.3% |
| Contributions10/11 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Capital10 | - | €18,750 | - | €18,750 | - | - |
| Issued capital100 | - | €18,750 | - | €18,750 | - | - |
| Reserves13 | €2,600 | €2,600 | €2,600 | €2,600 | €2,600 | = |
| Non-distributable reserves130/1 | - | €2,600 | €2,600 | €2,600 | €2,600 | = |
| Legal reserve130 | - | €2,600 | - | €2,600 | - | - |
| Reserves not available under the articles1311 | - | - | €2,600 | - | €2,600 | - |
| Profit (loss) carried forward14 | €36,446 | €15,368 | €36,860 | €40,454 | €43,100 | ▲ 6.5% |
| Amounts payable17/49 | €2.4m | €2.0m | €3.0m | €2.5m | €1.7m | ▼ 31.9% |
| Amounts payable after more than one year17 | €144,913 | €67,958 | €113,986 | €75,237 | €45,595 | ▼ 39.4% |
| Financial debts170/4 | - | €67,958 | €113,986 | €75,237 | €45,595 | ▼ 39.4% |
| Amounts payable within one year42/48 | €2.2m | €1.9m | €2.9m | €2.5m | €1.7m | ▼ 31.7% |
| Current portion of amounts payable after more than one year42 | - | €73,392 | €86,342 | €38,749 | €29,642 | ▼ 23.5% |
| Financial debts43 | - | €1.2m | €2.0m | €595,107 | €588,917 | ▼ 1.0% |
| Credit institutions430/8 | - | €1.0m | €1.8m | €470,107 | €463,917 | ▼ 1.3% |
| Other loans439 | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Trade debts44 | €196,742 | €137,999 | €383,861 | €177,970 | - | - |
| Suppliers440/4 | - | €137,999 | €383,861 | €177,970 | - | - |
| Advances received on contracts in progress46 | - | - | - | - | €18,438 | - |
| Taxes, remuneration and social security45 | - | €94,741 | €44,984 | €801,631 | €4,540 | ▼ 99.4% |
| Taxes450/3 | - | €94,741 | €44,984 | €795,547 | - | - |
| Remuneration and social security454/9 | - | - | - | €6,084 | €4,540 | ▼ 25.4% |
| Other amounts payable47/48 | - | €428,256 | €414,590 | €855,351 | €1.0m | ▲ 22.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,012 | -€21,078 | €21,492 | €3,594 | €2,646 | ▼ 26.4% |
| + Depreciation and write-downs630 | €55,404 | €55,462 | €68,858 | €60,678 | €50,731 | ▼ 16.4% |
| Operating cash flow (approximation) | €57,416 | €34,384 | €90,350 | €64,272 | €53,377 | ▼ 17.0% |
| Investment in fixed assets (approximation) | - | €7,462 | -€141,498 | -€27,947 | -€47,476 | ▼ 69.9% |
| Change in cash | - | €60,793 | €7,605 | €745,952 | -€814,348 | ▼ 209% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 186 days late
2025
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 224 days late
2024
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 227 days late
2023
09-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 162 days late
2022
31-12
Financial
Back to profitnet €21,492
Net result €21,492 after one loss-making year.
2021
31-12
Financial
Weakest financial yearnet -€21,078
Net result drops to -€21,078, the lowest in the series; recovery starts the following year.
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 101 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 179 days late
2020
31-12
Financial
Back to profitnet €2,012
Net result €2,012 after one loss-making year.
2019
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 44 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Binche · 1 establishment unit since 2009
Ground area
1,670 m²
Building footprint
250 m²
Volume, LiDAR
1,729 m³
2 parcels, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue d'Havré(BR) 45, 7130 Binche
since 20092.180.387.081
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55005B0169/00E003 | Wallonia | 1,275 m² | 1 · 129 m² | 8.0 m · 2 fl. |
| 55032A0203/00S005indicative | Wallonia | 395 m² | 1 · 121 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,456 companies in sector 41003 we hold annual accounts for 1,058. 724 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
Founded28-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
68121Development of residential building projects
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809738875
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.