DGAP
ActiveSummary
DGAP has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €228,157 and a net result of €134,219. Equity is growing by ~17.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · fiscal year 2025, micro schema
2021 to 2025, 5 fiscal years
The operating result falls in 2025; 2025 is 8% below 2024.
What the company sold each fiscal 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.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,471 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% | 1.0% |
| 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% 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 26,975 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €36 | €90 | €90 | €883 | ▲ 881% |
| Other operating charges640/8 | €70 | €114 | €351 | €408 | €579 | ▲ 41.9% |
| Non-recurring operating charges66A | - | - | €103 | €165 | €130 | ▼ 21.2% |
| Gross operating margin9900 | €92,293 | €87,943 | €168,055 | €189,831 | €174,786 | ▼ 7.9% |
| Operating profit (loss)9901 | €92,223 | €87,793 | €167,511 | €189,168 | €173,194 | ▼ 8.4% |
| Financial income75/76B | - | €85 | €208 | €135 | €24 | ▼ 82.3% |
| Recurring financial income75 | - | €85 | €208 | €135 | €24 | ▼ 82.3% |
| Financial charges65/66B | €41 | €221 | €42 | €47 | €65 | ▲ 39.1% |
| Recurring financial charges65 | €41 | €221 | €42 | €47 | €65 | ▲ 39.1% |
| Profit (loss) for the period before taxes9903 | €92,183 | €87,657 | €167,678 | €189,256 | €173,153 | ▼ 8.5% |
| Income taxes67/77 | €18,507 | €17,771 | €37,530 | €43,928 | €38,934 | ▼ 11.4% |
| Profit (loss) for the period9904 | €73,676 | €69,886 | €130,148 | €145,328 | €134,219 | ▼ 7.6% |
| Profit (loss) for the period to be appropriated9905 | €73,676 | €69,886 | €130,148 | €145,328 | €134,219 | ▼ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96,053 | €167,753 | €303,896 | €416,488 | €235,913 | ▼ 43.4% |
| Fixed assets21/28 | - | €414 | €324 | €234 | €6,352 | ▲ 2,612% |
| Tangible fixed assets22/27 | - | €414 | €324 | €234 | €6,352 | ▲ 2,612% |
| Furniture and vehicles24 | - | €414 | €324 | €234 | €6,352 | ▲ 2,612% |
| Current assets29/58 | €96,053 | €167,339 | €303,572 | €416,254 | €229,561 | ▼ 44.9% |
| Amounts receivable within one year40/41 | - | €3,478 | €3,500 | €936 | €6,137 | ▲ 555% |
| Trade receivables40 | - | €565 | - | €170 | €71 | ▼ 58.3% |
| Other amounts receivable41 | - | €2,913 | €3,500 | €767 | €6,066 | ▲ 691% |
| Cash at bank and in hand54/58 | €83,143 | €161,385 | €287,103 | €389,473 | €199,023 | ▼ 48.9% |
| Deferred charges and accrued income490/1 | €12,910 | €2,476 | €12,969 | €25,845 | €24,401 | ▼ 5.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96,053 | €167,753 | €303,896 | €416,488 | €235,913 | ▼ 43.4% |
| Equity10/15 | €75,376 | €138,462 | €258,610 | €213,938 | €228,157 | ▲ 6.6% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €72,876 | €135,962 | €256,110 | €211,438 | €225,657 | ▲ 6.7% |
| Amounts payable17/49 | €20,677 | €29,291 | €45,287 | €202,551 | €7,756 | ▼ 96.2% |
| Amounts payable within one year42/48 | €20,677 | €29,291 | €45,287 | €202,551 | €7,460 | ▼ 96.3% |
| Trade debts44 | €843 | €3,340 | €2,607 | €3,712 | €1,586 | ▼ 57.3% |
| Suppliers440/4 | €843 | €3,340 | €2,607 | €3,712 | €1,586 | ▼ 57.3% |
| Taxes, remuneration and social security45 | €18,507 | €19,151 | €32,680 | €8,838 | €1,967 | ▼ 77.7% |
| Taxes450/3 | €18,507 | €19,151 | €30,680 | €6,838 | - | - |
| Remuneration and social security454/9 | - | - | €2,000 | €2,000 | €1,967 | ▼ 1.7% |
| Other amounts payable47/48 | €1,327 | €6,800 | €10,000 | €190,000 | €3,908 | ▼ 97.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €296 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,676 | €69,886 | €130,148 | €145,328 | €134,219 | ▼ 7.6% |
| + Depreciation and write-downs630 | - | €36 | €90 | €90 | €883 | ▲ 881% |
| Operating cash flow (approximation) | €73,676 | €69,922 | €130,238 | €145,418 | €135,102 | ▼ 7.1% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | -€7,000 | - |
| Change in cash | - | €78,242 | €125,718 | €102,370 | -€190,449 | ▼ 286% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.