DGA
ActiveSummary
The computed 12-month bankruptcy probability of DGA is 4.4% (elevated). The 2025 annual accounts show negative equity (-€140,813) and a net result of -€173,854. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 18537 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-31
Solvency13▼-20
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.55 in 2024; short-term debt: 84.3% and cash: 0.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2025Solvency, return and age of the figures
Solvency
-12.2%
Return on assets
-15%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€140,813
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
26 d late
2024
28 d late
2023
30 d late
2022
241 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 81 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€140,813
2024 · €33,041
Total assets
€1.2m▲ 192%
2024 · €396,338
Net result
-€173,854▼ 1,576%
2024 · -€10,375
Working capital
-€865,679▼ 458%
2024 · -€155,141
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
Line2022202320242025
Operating result-€21,520-€69,612-€3,306-€156,652▼ 4,639%
Net result-€22,863-€56,279-€10,375-€173,854▼ 1,576%
Equity-€12,863-€43,416€33,041▼ 23.9%-€140,813
Total assets€118,801-€196,036▲ 65.0%€396,338▲ 102%€1.2m▲ 192%
Debt€131,664-€152,620▲ 15.9%€363,297▲ 138%€1.3m▲ 257%
Working capital-€77,055--€39,817▲ 48.3%-€155,141▼ 290%-€865,679▼ 458%
Staff (FTE)0.8
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €156,652 in 2025 against €3,306 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.0m ▲ 404%
Current assets
€110,188 ▼ 41.5%
Key figures and ratios
EBITDA
-€73,015▼
2024 · €12,865
Cash flow
-€90,217▼
2024 · €5,795
Solvency
-12.2%▼
2024 · 8.3%
Current ratio
0.11▼
2024 · 0.55
Quick ratio
0.11▼
2024 · 0.53
Debt to equity
-9.22▼
2024 · 11.00
ROA
-15.0%▼
2024 · -2.6%
Interest coverage
-4.73▼
2024 · 1.82
Debt ≤ 1 year
€975,867▲
2024 · €343,588
Debt > 1 year
€322,821▲
2024 · €19,709
Staff costs
€28,633▲
2024 · €13,380
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,663 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.2%
went bankrupt
5.4%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.4% 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 497,058 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% | 1.6% |
| 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 7,663 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €432 | €15,314 | €13,380 | €28,633 | ▲ 114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,575 | €13,213 | €16,170 | €83,637 | ▲ 417% |
| Other operating charges640/8 | - | €30,988 | €50,734 | €79,770 | ▲ 57.2% |
| Non-recurring operating charges66A | - | €1,144 | €4 | - | - |
| Gross operating margin9900 | -€16,512 | €130,270 | €76,982 | €35,389 | ▼ 54.0% |
| Operating profit (loss)9901 | -€21,520 | €69,612 | -€3,306 | -€156,652 | ▼ 4,639% |
| Financial income75/76B | - | €15 | €1 | €28 | ▲ 2,914% |
| Recurring financial income75 | - | €15 | €1 | €28 | ▲ 2,914% |
| Financial charges65/66B | €1,343 | €3,316 | €7,071 | €17,231 | ▲ 144% |
| Recurring financial charges65 | €1,343 | €3,316 | €7,071 | €15,431 | ▲ 118% |
| Non-recurring financial charges66B | - | - | - | €1,800 | - |
| Profit (loss) for the period before taxes9903 | -€22,863 | €66,311 | -€10,375 | -€173,854 | ▼ 1,576% |
| Income taxes67/77 | - | €10,032 | - | - | - |
| Profit (loss) for the period9904 | -€22,863 | €56,279 | -€10,375 | -€173,854 | ▼ 1,576% |
| Profit (loss) for the period to be appropriated9905 | -€22,863 | €56,279 | -€10,375 | -€173,854 | ▼ 1,576% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €118,801 | €196,036 | €396,338 | €1.2m | ▲ 192% |
| Fixed assets21/28 | €103,599 | €112,998 | €207,890 | €1.0m | ▲ 404% |
| Tangible fixed assets22/27 | €103,599 | €107,998 | €202,890 | €689,587 | ▲ 240% |
| Plant, machinery and equipment23 | €103,599 | €106,945 | €201,954 | €96,880 | ▼ 52.0% |
| Furniture and vehicles24 | - | €1,053 | €936 | €203,009 | ▲ 21,589% |
| Other tangible fixed assets26 | - | - | - | €389,698 | - |
| Financial fixed assets28 | - | €5,000 | €5,000 | €358,100 | ▲ 7,062% |
| Current assets29/58 | €15,202 | €83,038 | €188,448 | €110,188 | ▼ 41.5% |
| Stocks and contracts in progress3 | - | - | €5,614 | €1,700 | ▼ 69.7% |
| Stocks30/36 | - | - | €5,614 | €1,700 | ▼ 69.7% |
| Amounts receivable within one year40/41 | €10,937 | €1,817 | €57,924 | €102,717 | ▲ 77.3% |
| Trade receivables40 | €3,854 | €1,817 | €57,924 | €102,717 | ▲ 77.3% |
| Other amounts receivable41 | €7,083 | - | - | - | - |
| Cash at bank and in hand54/58 | €4,265 | €80,849 | €123,261 | €5,771 | ▼ 95.3% |
| Deferred charges and accrued income490/1 | - | €371 | €1,648 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €118,801 | €196,036 | €396,338 | €1.2m | ▲ 192% |
| Equity10/15 | -€12,863 | €43,416 | €33,041 | -€140,813 | ▼ 526% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€22,863 | €33,416 | €23,041 | -€150,813 | ▼ 755% |
| Amounts payable17/49 | €131,664 | €152,620 | €363,297 | €1.3m | ▲ 257% |
| Amounts payable after more than one year17 | €39,361 | €29,765 | €19,709 | €322,821 | ▲ 1,538% |
| Financial debts170/4 | €39,361 | €29,765 | €19,709 | €322,821 | ▲ 1,538% |
| Amounts payable within one year42/48 | €92,257 | €122,854 | €343,588 | €975,867 | ▲ 184% |
| Current portion of amounts payable after more than one year42 | €9,899 | €9,595 | €10,056 | €52,253 | ▲ 420% |
| Trade debts44 | €8,666 | €28,112 | €82,840 | €423,050 | ▲ 411% |
| Suppliers440/4 | €8,666 | €28,112 | €82,840 | €423,050 | ▲ 411% |
| Advances received on contracts in progress46 | €75 | - | - | - | - |
| Taxes, remuneration and social security45 | €26 | €19,458 | €14,359 | €21,626 | ▲ 50.6% |
| Taxes450/3 | - | €14,603 | €11,506 | €15,101 | ▲ 31.3% |
| Remuneration and social security454/9 | €26 | €4,855 | €2,854 | €6,525 | ▲ 129% |
| Other amounts payable47/48 | €73,591 | €65,689 | €236,333 | €478,938 | ▲ 103% |
| Accrued charges and deferred income492/3 | €46 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,863 | €56,279 | -€10,375 | -€173,854 | ▼ 1,576% |
| + Depreciation and write-downs630 | €4,575 | €13,213 | €16,170 | €83,637 | ▲ 417% |
| Operating cash flow (approximation) | -€18,287 | €69,491 | €5,795 | -€90,217 | ▼ 1,657% |
| Investment in fixed assets (approximation) | - | -€22,612 | -€111,062 | -€923,434 | ▼ 731% |
| Change in cash | - | €76,584 | €42,412 | -€117,490 | ▼ 377% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet -€173,854
Net result drops to -€173,854, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 241 days late
2023
31-12
Financial
Back to profitnet €56,279
Net result €56,279 after one loss-making year.
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, Anderlecht · 1 establishment unit since 2024
Ground area
1.6 ha
Building footprint
8,334 m²
Volume, LiDAR
56,471 m³
2 parcels, Brussels · tallest building 17.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Majestic palace
since 20242.357.420.296
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0243/00B000 | Brussels | 1.6 ha | 1 · 8,083 m² | 7.9 m · 2 fl. |
| 21305B0191/00C016 | Brussels | 265 m² | 1 · 251 m² | 17.9 m · 4 fl. |
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.
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Of 262 companies in sector 47511 we hold annual accounts for 98. 80 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
Founded31-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47511Retail trade
68203Renting and operating of own or leased non-residential real estate, excluding land
93110Operation of sports facilities
56112Limited-service restaurants, excluding mobile food services
77110Renting and leasing of cars and light motor vehicles
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784296864
Also
9925:BE0784296864
Registered
22-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.