DGBO
ActiveSummary
DGBO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164k and a net result of €374k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 25% of 524 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency44▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.21 in 2024; short-term debt: 38.8% and cash: 16.1% of total assets), and 81.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.7%
Return on assets
42.5%
Age of the figures
9 mo
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
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 15-07-2026, 16 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
16 d early
2024
2 d early
2023
5 d early
2022
25 d early
2021
38 d early
2020
33 d early
2019
28 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€164k▼ 35.3%
2024 · €254k
Total assets
€881k▼ 17.2%
2024 · €1.06M
Net result
€374k▲ 2.1%
2024 · €366k
Working capital
€-8k
2024 · €87k
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
Line20212022202320242025
Operating result€459k▲ 87.4%€441k▼ 4.0%€399k▼ 9.4%€494k▲ 23.7%€504k▲ 1.9%
Net result€343k▲ 83.8%€333k▼ 2.8%€297k▼ 10.8%€366k▲ 23.3%€374k▲ 2.1%
Equity€290k▼ 28.0%€238k▼ 18.0%€238k=€254k▲ 6.9%€164k▼ 35.3%
Total assets€854k▲ 61.1%€782k▼ 8.4%€964k▲ 23.3%€1.06M▲ 10.3%€881k▼ 17.2%
Debt€564k▲ 343%€544k▼ 3.5%€726k▲ 33.5%€810k▲ 11.5%€716k▼ 11.5%
Working capital€178k▼ 56.3%€134k▼ 24.7%€156k▲ 16.5%€87k▼ 44.0%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €881k
Fixed assets
€548k ▼ 2.6%
Current assets
€333k ▼ 33.6%
Equity and liabilities €881k
Equity
€164k ▼ 35.3%
Debt
€716k ▼ 11.5%
Debt's share of the balance-sheet total rises from 76.1% to 81.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€535k▲
2024 · €526k
Cash flow
€405k▲
2024 · €398k
Current ratio
0.98▼
2024 · 1.21
Debt to equity
4.36▲
2024 · 3.19
ROE
227.5%▲
2024 · 144.2%
ROA
42.5%▲
2024 · 34.4%
Interest coverage
64.33▼
2024 · 67.50
Debt ≤ 1 year
€341k▼
2024 · €414k
Debt > 1 year
€371k▼
2024 · €391k
Income taxes
€124k▲
2024 · €122k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €35k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €14k | €14k | €32k | €31k | ▼ 3.1% |
| Other operating charges640/8 | €12k | €12k | €56k | €19k | €4k | ▼ 81.2% |
| Gross operating margin9900 | €479k | €466k | €470k | €545k | €538k | ▼ 1.2% |
| Operating profit (loss)9901 | €459k | €441k | €399k | €494k | €504k | ▲ 1.9% |
| Financial income75/76B | - | €102 | €2k | €2k | €3k | ▲ 40.4% |
| Recurring financial income75 | - | €102 | €2k | €2k | €3k | ▲ 40.4% |
| Financial charges65/66B | €1k | €3k | €5k | €8k | €8k | ▲ 6.6% |
| Recurring financial charges65 | €1k | €3k | €5k | €8k | €8k | ▲ 6.6% |
| Profit (loss) for the period before taxes9903 | €458k | €437k | €396k | €488k | €498k | ▲ 2.0% |
| Income taxes67/77 | €115k | €104k | €99k | €122k | €124k | ▲ 1.8% |
| Profit (loss) for the period9904 | €343k | €333k | €297k | €366k | €374k | ▲ 2.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €72k | - | - |
| Transfer to tax-exempt reserves689 | - | €147k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €343k | €186k | €297k | €438k | €374k | ▼ 14.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €854k | €782k | €964k | €1.06M | €881k | ▼ 17.2% |
| Fixed assets21/28 | €143k | €172k | €466k | €562k | €548k | ▼ 2.6% |
| Tangible fixed assets22/27 | €143k | €172k | €466k | €562k | €548k | ▼ 2.6% |
| Land and buildings22 | €98k | €98k | €98k | €520k | €512k | ▼ 1.4% |
| Plant, machinery and equipment23 | €7k | €5k | €7k | €7k | €7k | ▲ 6.4% |
| Furniture and vehicles24 | €38k | €27k | €18k | €35k | €28k | ▼ 21.6% |
| Assets under construction and advance payments27 | - | €42k | €343k | - | - | - |
| Current assets29/58 | €710k | €610k | €498k | €501k | €333k | ▼ 33.6% |
| Amounts receivable within one year40/41 | €312k | €125k | €179k | €185k | €190k | ▲ 2.9% |
| Trade receivables40 | €153k | €118k | €158k | €155k | €177k | ▲ 13.6% |
| Other amounts receivable41 | €159k | €7k | €22k | €29k | €13k | ▼ 54.0% |
| Cash at bank and in hand54/58 | €396k | €480k | €315k | €300k | €141k | ▼ 52.9% |
| Deferred charges and accrued income490/1 | €3k | €4k | €3k | €17k | €2k | ▼ 89.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €854k | €782k | €964k | €1.06M | €881k | ▼ 17.2% |
| Equity10/15 | €290k | €238k | €238k | €254k | €164k | ▼ 35.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €271k | €219k | €219k | €236k | €146k | ▼ 38.1% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €147k | €147k | €76k | €76k | = |
| Distributable reserves133 | €269k | €70k | €72k | €160k | €70k | ▼ 56.2% |
| Amounts payable17/49 | €564k | €544k | €726k | €810k | €716k | ▼ 11.5% |
| Amounts payable after more than one year17 | €27k | €62k | €380k | €391k | €371k | ▼ 5.1% |
| Financial debts170/4 | €27k | €62k | €380k | €391k | €371k | ▼ 5.1% |
| Amounts payable within one year42/48 | €532k | €476k | €342k | €414k | €341k | ▼ 17.5% |
| Current portion of amounts payable after more than one year42 | €11k | €22k | €32k | €26k | €21k | ▼ 17.0% |
| Financial debts43 | - | €10k | - | - | €59k | - |
| Credit institutions430/8 | - | €10k | - | - | €59k | - |
| Trade debts44 | €4k | €4k | €9k | €33k | €10k | ▼ 71.2% |
| Suppliers440/4 | €4k | €4k | €9k | €33k | €10k | ▼ 71.2% |
| Taxes, remuneration and social security45 | €55k | €55k | €3 | €84 | €4k | ▲ 4,643% |
| Taxes450/3 | €55k | €55k | €3 | €84 | €4k | ▲ 4,461% |
| Remuneration and social security454/9 | - | - | - | - | €152 | - |
| Other amounts payable47/48 | €462k | €385k | €301k | €355k | €248k | ▼ 30.2% |
| Accrued charges and deferred income492/3 | €4k | €6k | €4k | €5k | €4k | ▼ 20.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €343k | €333k | €297k | €366k | €374k | ▲ 2.1% |
| + Depreciation and write-downs630 | €8k | €14k | €14k | €32k | €31k | ▼ 3.1% |
| Operating cash flow (approximation) | €351k | €347k | €312k | €398k | €405k | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | €-42k | €-309k | €-128k | €-16k | ▲ 87.3% |
| Change in cash | - | €84k | €-165k | €-15k | €-159k | ▼ 934% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €374k ▲2.1%
Operating result €504k, net result €374k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €216k ▲231%
2 profitable years in a row build equity to €216k.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Oud-Turnhout · 1 establishment unit since 2018
Ground area
2,451 m²
Building footprint
367 m²
Volume, LiDAR
1,508 m³
Parcel 13482F1170/00X000, Flanders · tallest building 22.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DGBO
since 20182.277.936.122
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F1170/00X000 | Flanders | 2,451 m² | 1 · 367 m² | 22.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 369 EUR awarded · 369 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 133 EUR | 133 EUR |
| 2024 | 1 | 236 EUR | 236 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Stabilogreen
BE 1012.720.976
Liège · Eq €164,578
KS RESEARCH
BE 0477.758.751
Herve · Eq €163,068
DR.ANN PASTIJN-GYNAECOLOGIE-VERLOSKUNDE
BE 0807.718.208
Zaventem · Eq €167,611
Artelys Belgium
BE 0699.597.949
Brussel · Eq €167,919
CENTRE DE DEVELOPPEMENT AGROFORESTIER DE CHIMAY
BE 0432.932.873
Chimay · Eq €159,277
Of 1,178 companies in sector 72109 we hold annual accounts for 715. 473 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
Founded19-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
72109Other research and development on natural sciences
Scores and ratios are computed by Checked and are not a credit decision.