DGC
ActiveSummary
DGC has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €598,555. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 20% of 2062 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+9
Solvency45▲+6
Growth69▼-3
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.65 in 2024; short-term debt: 55% and cash: 0% of total assets), and 79.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
20.3%
Return on assets
5.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2062 sector peers (2025).
NBB · sector comparisonPosition among 2062 sector peers
Solvency
better than 20%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.2m
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 14-07-2026, 17 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
17 d early
2024
28 d late
2023
83 d late
2022
60 d late
2021
29 d late
2020
83 d late
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 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 (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
Go further with this company
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Financials · fiscal year 2025, full schema
In the rankings
#7 company by total assets in Tournai, Construction sector#10 employer in Tournai, Construction sector#10 company by equity in Tournai, Construction sector
Turnover
€13.5m▼ 10.3%
2024 · €15.0m
EBIT margin
3.3%▲ 2.9pp
2024 · 0.4%
Net result
€598,555▲ 17,465%
2024 · €3,408
Working capital
-€1.4m▲ 53.3%
2024 · -€2.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Turnover€10.8m▲ 34.0%€11.7m▲ 8.9%€13.6m▲ 15.8%€15.0m▲ 10.6%€13.5m▼ 10.3%
Operating result€66,395▲ 2.8%-€42,676-€163,697▼ 284%€56,163€443,882▲ 690%
Net result€96,193above the sector's middle half▲ 144%€15,406within the sector's middle half▼ 84.0%-€138,422below the sector's middle half€3,408within the sector's middle half€598,555above the sector's middle half▲ 17,465%
EBIT margin0.6%▼ 0.2pp-0.4%▼ 1.0pp-1.2%▼ 0.8pp0.4%▲ 1.6pp3.3%▲ 2.9pp
Equity€2.0mabove the sector's middle half▲ 3.6%€2.0mabove the sector's middle half▼ 0.2%€1.9mabove the sector's middle half▼ 7.8%€1.8mabove the sector's middle half▼ 0.7%€2.2mabove the sector's middle half▲ 18.4%
Total assets€9.4mabove the sector's middle half▲ 16.2%€9.7mabove the sector's middle half▲ 2.9%€13.6mabove the sector's middle half▲ 41.0%€12.8mabove the sector's middle half▼ 5.9%€10.8mabove the sector's middle half▼ 16.0%
Debt€7.4m▲ 20.3%€7.6m▲ 3.7%€11.7m▲ 53.8%€11.0m▼ 6.7%€8.6m▼ 21.7%
Working capital-€366,217-€1.1m▼ 201%-€3.4m▼ 211%-€2.9m▲ 14.7%-€1.4m▲ 53.3%
Solvency21.5%within the sector's middle half▼ 2.6pp20.9%within the sector's middle half▼ 0.6pp13.6%below the sector's middle half▼ 7.2pp14.4%below the sector's middle half▲ 0.8pp20.3%below the sector's middle half▲ 5.9pp
Staff (FTE)18.6above the sector's middle half▼ 0.5%19.6above the sector's middle half▲ 5.4%19.7above the sector's middle half▲ 0.5%26.3above the sector's middle half▲ 33.5%29.6above the sector's middle half▲ 12.5%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 690% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.8m
Fixed assets
€6.2m ▼ 14.8%
Current assets
€4.5m ▼ 17.5%
Equity and liabilities €10.8m
Equity
€2.2m ▲ 18.4%
Debt
€8.6m ▼ 21.7%
Debt's share of the balance-sheet total falls from 85.6% to 79.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.0m▲
2024 · €2.5m
Cash flow
€3.1m▲
2024 · €2.5m
Current ratio
0.77▲
2024 · 0.65
Debt to equity
3.93▼
2024 · 5.94
ROE
27.4%▲
2024 · 0.2%
ROA
5.6%▲
2024 · 0.0%
Interest coverage
15.38▲
2024 · 8.24
Debt ≤ 1 year
€5.9m▼
2024 · €8.4m
Debt > 1 year
€2.7m▲
2024 · €2.5m
Staff costs
€1.7m▲
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,677 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 2,677 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €10.9m | €11.9m | €13.6m | €15.3m | €13.9m | ▼ 8.8% |
| Turnover70 | €10.8m | €11.7m | €13.6m | €15.0m | €13.5m | ▼ 10.3% |
| Other operating income74 | €111,930 | €113,808 | €20,218 | €202,859 | €448,350 | ▲ 121% |
| Non-recurring operating income76A | - | €35,126 | - | €40,832 | - | - |
| Operating charges60/66A | €10.8m | €11.9m | €13.8m | €15.2m | €13.5m | ▼ 11.4% |
| Goods for resale, raw materials and consumables60 | €597,769 | €626,044 | €683,597 | €1.0m | €650,577 | ▼ 34.9% |
| Purchases600/8 | €597,769 | €626,044 | €683,597 | €1.0m | €650,577 | ▼ 34.9% |
| Services and other goods61 | €7.8m | €8.6m | €10.0m | €10.1m | €8.5m | ▼ 15.7% |
| Remuneration, social security and pensions62 | €922,243 | €1.0m | €1.2m | €1.5m | €1.7m | ▲ 11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.5m | €1.6m | €1.9m | €2.5m | €2.5m | ▲ 2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,104 | -€2,104 | ▼ 200% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€1,590 | - | - | - | - | - |
| Other operating charges640/8 | €2,737 | €4,965 | €6,956 | €61,328 | €55,699 | ▼ 9.2% |
| Non-recurring operating charges66A | - | - | - | €116 | - | - |
| Operating profit (loss)9901 | €66,395 | -€42,676 | -€163,697 | €56,163 | €443,882 | ▲ 690% |
| Financial income75/76B | €78,022 | €121,919 | €238,819 | €256,881 | €372,066 | ▲ 44.8% |
| Recurring financial income75 | €78,022 | €121,919 | €238,819 | €256,881 | €372,066 | ▲ 44.8% |
| Income from financial fixed assets750 | €50,000 | €100,000 | €150,000 | €150,000 | €300,000 | ▲ 100% |
| Income from current assets751 | €1,691 | €2,099 | €70,361 | €89,944 | €62,976 | ▼ 30.0% |
| Other financial income752/9 | €26,331 | €19,820 | €18,459 | €16,937 | €9,090 | ▼ 46.3% |
| Financial charges65/66B | €48,223 | €63,836 | €213,544 | €309,636 | €217,394 | ▼ 29.8% |
| Recurring financial charges65 | €46,113 | €63,836 | €213,544 | €309,636 | €217,394 | ▼ 29.8% |
| Debt charges650 | €43,058 | €59,790 | €210,618 | €307,786 | €193,653 | ▼ 37.1% |
| Other financial charges652/9 | €3,055 | €4,046 | €2,927 | €1,850 | €23,740 | ▲ 1,183% |
| Non-recurring financial charges66B | €2,110 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €96,193 | €15,406 | -€138,422 | €3,408 | €598,555 | ▲ 17,465% |
| Profit (loss) for the period9904 | €96,193 | €15,406 | -€138,422 | €3,408 | €598,555 | ▲ 17,465% |
| Profit (loss) for the period to be appropriated9905 | €96,193 | €15,406 | -€138,422 | €3,408 | €598,555 | ▲ 17,465% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.4m | €9.7m | €13.6m | €12.8m | €10.8m | ▼ 16.0% |
| Fixed assets21/28 | €6.5m | €6.3m | €9.6m | €7.3m | €6.2m | ▼ 14.8% |
| Tangible fixed assets22/27 | €6.4m | €6.2m | €9.5m | €7.2m | €6.1m | ▼ 15.0% |
| Plant, machinery and equipment23 | €927,605 | €1.3m | €2.7m | €2.2m | €1.7m | ▼ 22.7% |
| Furniture and vehicles24 | €16,997 | €2,934 | €51,186 | €38,451 | €25,717 | ▼ 33.1% |
| Leasing and similar rights25 | €5.4m | €5.0m | €6.8m | €4.9m | €4.4m | ▼ 11.4% |
| Financial fixed assets28 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Companies linked by participating interests282/3 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Participating interests282 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Current assets29/58 | €2.9m | €3.3m | €4.0m | €5.5m | €4.5m | ▼ 17.5% |
| Amounts receivable within one year40/41 | €2.7m | €3.3m | €4.0m | €5.5m | €4.5m | ▼ 17.5% |
| Trade receivables40 | €2.4m | €3.0m | €3.7m | €5.3m | €3.9m | ▼ 25.8% |
| Other amounts receivable41 | €341,626 | €275,780 | €250,386 | €254,928 | €646,757 | ▲ 154% |
| Cash at bank and in hand54/58 | €190,857 | €404 | €194 | €383 | €383 | = |
| Deferred charges and accrued income490/1 | €310 | €310 | €33,452 | €383 | €384 | ▲ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.4m | €9.7m | €13.6m | €12.8m | €10.8m | ▼ 16.0% |
| Equity10/15 | €2.0m | €2.0m | €1.9m | €1.8m | €2.2m | ▲ 18.4% |
| Contributions10/11 | €64,329 | €64,329 | €64,329 | €64,329 | €64,329 | = |
| Capital10 | €64,329 | €64,329 | €64,329 | €64,329 | €64,329 | = |
| Issued capital100 | €64,329 | €64,329 | €64,329 | €64,329 | €64,329 | = |
| Reserves13 | €1.9m | €1.9m | €1.8m | €1.8m | €2.1m | ▲ 19.8% |
| Non-distributable reserves130/1 | €6,434 | €6,434 | €6,434 | €6,434 | €6,434 | = |
| Legal reserve130 | €6,434 | €6,434 | €6,434 | €6,434 | €6,434 | = |
| Tax-exempt reserves132 | €75,121 | €75,121 | €75,121 | €75,121 | €75,121 | = |
| Distributable reserves133 | €1.8m | €1.8m | €1.7m | €1.7m | €2.0m | ▲ 20.7% |
| Investment grants15 | €70,004 | €50,186 | €31,845 | €14,909 | €6,051 | ▼ 59.4% |
| Amounts payable17/49 | €7.4m | €7.6m | €11.7m | €11.0m | €8.6m | ▼ 21.7% |
| Amounts payable after more than one year17 | €4.1m | €3.2m | €4.3m | €2.5m | €2.7m | ▲ 5.7% |
| Financial debts170/4 | €4.1m | €3.2m | €4.3m | €2.5m | €2.7m | ▲ 5.7% |
| Leasing and similar obligations172 | €4.1m | €3.2m | €4.1m | €2.4m | €2.6m | ▲ 8.0% |
| Credit institutions173 | - | - | €185,600 | €139,200 | €92,800 | ▼ 33.3% |
| Amounts payable within one year42/48 | €3.3m | €4.4m | €7.4m | €8.4m | €5.9m | ▼ 29.9% |
| Current portion of amounts payable after more than one year42 | €1.6m | €1.7m | €2.1m | €1.8m | €1.5m | ▼ 17.9% |
| Trade debts44 | €1.7m | €1.4m | €2.2m | €2.9m | €4.1m | ▲ 42.9% |
| Suppliers440/4 | €1.7m | €1.4m | €2.2m | €2.9m | €4.1m | ▲ 42.9% |
| Taxes, remuneration and social security45 | €58,510 | €77,544 | €70,113 | €153,428 | €105,229 | ▼ 31.4% |
| Taxes450/3 | €5,411 | €17,957 | €3,647 | €67,066 | €11,081 | ▼ 83.5% |
| Remuneration and social security454/9 | €53,099 | €59,586 | €66,467 | €86,362 | €94,148 | ▲ 9.0% |
| Other amounts payable47/48 | €95 | €1.3m | €3.1m | €3.6m | €266,003 | ▼ 92.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96,193 | €15,406 | -€138,422 | €3,408 | €598,555 | ▲ 17,465% |
| + Depreciation and write-downs630 | €1.5m | €1.6m | €1.9m | €2.5m | €2.5m | ▲ 2.2% |
| Operating cash flow (approximation) | €1.6m | €1.6m | €1.8m | €2.5m | €3.1m | ▲ 26.2% |
| Investment in fixed assets (approximation) | - | -€1.5m | -€5.2m | -€177,732 | -€1.5m | ▼ 720% |
| Change in cash | - | -€190,453 | -€210 | €188 | €0 | ▼ 100% |
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
10-08
State Gazette act
Reappointment: AVISOR SRL (statutory auditor)Permanent representative: Dorothée HURTEUX3 facts ▸
State Gazette act
Reappointment: AVISOR SRL (statutory auditor)
Permanent representative: Dorothée HURTEUX3 facts ▸
- General meeting, 30-06-2026
- Auditor reappointment, AVISOR SRL (statutory auditor)
- Permanent representative, Dorothée HURTEUX (permanent representative)
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €598,555 ▲17,465%
Operating result €443,882, net result €598,555, both a record.
31-12
Financial
Equity above €2mEq €2.2m ▲18.4%
2 profitable years in a row build equity to €2.2m.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Back to profitnet €3,408
Net result €3,408 after one loss-making year.
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 83 days late
2023
31-12
Financial
Weakest financial yearnet -€138,422
Net result drops to -€138,422, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Equity above €2mEq €2.0m ▲3.6%
3 profitable years in a row build equity to €2.0m.
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 83 days late
Show earlier events
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
31-12
Financial
Back to profitnet €81,995
Net result €81,995 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
AVISOR SRL
CurrentStatutory auditor · since 10-08-2026 · perm. rep.: Dorothée HURTEUX
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tournai · 2 establishment units since 2017
2 establishment units
DGC
since 20172.268.897.504
DGC
since 20192.304.366.147
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| AVISOR SRL |
|
Structure & network
Part of the group
COSELOG
13 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- COSELOG
- DGC
Highest known parent: COSELOG. The sources do not say who stands above it.
Owners 1
- COSELOGparent99.99%
Holdings 1
-
33.33%
According to the 2025 annual accounts of DGC and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Recognised contractor
6 categoriesDGC SA#9603
DGC SA41693
Food safety, FASFC
1 siteTournai2.268.897.504
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,232. 1,152 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43990Other specialised construction activities
43110Demolition
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680766289
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.