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DGR IMMO

Active
Private limited company (pre-2019)founded 200620 yrs activeRue Reynier 9, 4000 Liège, BelgiumKBO/BCE: BE 0880.222.936
Summary

DGR IMMO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €512,839 and a net result of €100,352. Equity is growing by ~12.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability81▲+3
Solvency73▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.73 in 2024; short-term debt: 28.4% and cash: 1.9% of total assets), and 51.9% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
48.1%
Return on assets
9.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 d early
2024
30 d early
2023
30 d early
2022
119 d late
2021
155 d late
2020
31 d late
2019
121 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 48 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 March 2006, DGR IMMO was incorporated.1 Total assets went from EUR 1.5 million in 2018 to EUR 1.1 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€512,839▼ 12.9%
2024 · €589,128
Total assets
€1.1m▼ 14.5%
2024 · €1.2m
Net result
€100,352▲ 6.3%
2024 · €94,394
Working capital
-€119,404▼ 35.9%
2024 · -€87,836
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€113,466▲ 24.6%€77,236▼ 31.9%€186,213▲ 141%€157,715▼ 15.3%€150,369▼ 4.7%
Net result€62,437▲ 31.3%€35,064▼ 43.8%€123,114▲ 251%€94,394▼ 23.3%€100,352▲ 6.3%
Equity€336,556▲ 15.5%€371,620▲ 10.4%€494,734▲ 33.1%€589,128▲ 19.1%€512,839▼ 12.9%
Total assets€1.4m▼ 0.2%€1.3m▼ 4.6%€1.3m▼ 1.9%€1.2m▼ 2.4%€1.1m▼ 14.5%
Debt€1.0m▼ 4.4%€932,093▼ 9.6%€784,408▼ 15.8%€658,904▼ 16.0%€553,730▼ 16.0%
Working capital-€85,304▲ 62.3%-€173,359▼ 103%-€163,385▲ 5.8%-€87,836▲ 46.2%-€119,404▼ 35.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000€200,000Operating result 2021: €113,466€113,466Net result 2021: €62,437€62,437Operating result 2022: €77,236€77,236Net result 2022: €35,064€35,064Operating result 2023: €186,213€186,213Net result 2023: €123,114€123,114Operating result 2024: €157,715€157,715Net result 2024: €94,394€94,394Operating result 2025: €150,369€150,369Net result 2025: €100,352€100,35220212022202320242025€0€50,000€100,000€150,000€200,000Operating result 2023: €186,213€186,000Net result 2023: €123,114€123,000Operating result 2024: €157,715€158,000Net result 2024: €94,394€94,400Operating result 2025: €150,369€150,000Net result 2025: €100,352€100,000202320242025
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets €883,218 ▼ 12.8%
Current assets €183,351 ▼ 22.1%
Equity and liabilities €1.1m
Equity €512,839 ▼ 12.9%
Debt €553,730 ▼ 16.0%
Debt's share of the balance-sheet total falls from 52.8% to 51.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€229,184▼
2024 · €254,157
Cash flow
€179,166▼
2024 · €190,836
Current ratio
0.61▼
2024 · 0.73
Debt to equity
1.08▼
2024 · 1.12
ROE
19.6%▲
2024 · 16.0%
ROA
9.4%▲
2024 · 7.6%
Interest coverage
16.48▲
2024 · 8.92
Debt ≤ 1 year
€302,755▼
2024 · €323,270
Debt > 1 year
€249,940▼
2024 · €335,635
Income taxes
€37,749▲
2024 · €34,831
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 20,082 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.2m€1.1m▼
Fixed assets21/28€1.0m€883,218▼
Tangible fixed assets22/27€1.0m€883,218▼
Land and buildings22€836,926€796,579▼
Plant, machinery and equipment23€118,604€56,854▼
Furniture and vehicles24€18,800-
Other tangible fixed assets26€38,268€29,785▼
Current assets29/58€235,434€183,351▼
Amounts receivable within one year40/41-€161,641
Other amounts receivable41-€161,641
Cash at bank and in hand54/58€186,695€20,672▼
Deferred charges and accrued income490/1€48,739€1,039▼
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.1m▼
Equity10/15€589,128€512,839▼
Contributions10/11€20,000€20,000=
Reserves13€2,000€2,000=
Non-distributable reserves130/1€2,000€2,000=
Reserves not available under the articles1311€2,000€2,000=
Profit (loss) carried forward14€567,128€490,839▼
Amounts payable17/49€658,904€553,730▼
Amounts payable after more than one year17€335,635€249,940▼
Financial debts170/4€335,635€249,940▼
Amounts payable within one year42/48€323,270€302,755▼
Current portion of amounts payable after more than one year42€115,287€85,695▼
Trade debts44€2,420-
Suppliers440/4€2,420-
Taxes, remuneration and social security45€35,300€40,420▲
Taxes450/3€35,300€40,420▲
Other amounts payable47/48€170,263€176,641▲
Accrued charges and deferred income492/3-€1,035
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96,442€78,815▼
Other operating charges640/8€22,719€23,082▲
Gross operating margin9900€276,876€252,266▼
Operating profit (loss)9901€157,715€150,369▼
Financial income75/76B-€1,641
Recurring financial income75-€1,641
Financial charges65/66B€28,489€13,909▼
Recurring financial charges65€28,489€13,909▼
Profit (loss) for the period before taxes9903€129,225€138,101▲
Income taxes67/77€34,831€37,749▲
Profit (loss) for the period9904€94,394€100,352▲
Profit (loss) for the period to be appropriated9905€94,394€100,352▲
Appropriation of the result
Profit (loss) to be appropriated9906€567,128€667,480▲
Profit (loss) brought forward from the previous period14P€472,734€567,128▲
Profit to be distributed694/7-€176,641
Return on contributions (dividend)694-€176,641

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€105,530€111,737€96,810€96,442€78,815▼ 18.3%
Other operating charges640/8€29,747€20,065€23,208€22,719€23,082▲ 1.6%
Gross operating margin9900€248,743€209,038€306,232€276,876€252,266▼ 8.9%
Operating profit (loss)9901€113,466€77,236€186,213€157,715€150,369▼ 4.7%
Financial income75/76B----€1,641-
Recurring financial income75----€1,641-
Financial charges65/66B€31,029€28,237€19,866€28,489€13,909▼ 51.2%
Recurring financial charges65€31,029€28,237€19,866€28,489€13,909▼ 51.2%
Profit (loss) for the period before taxes9903€82,437€49,000€166,347€129,225€138,101▲ 6.9%
Income taxes67/77€20,000€13,936€43,232€34,831€37,749▲ 8.4%
Profit (loss) for the period9904€62,437€35,064€123,114€94,394€100,352▲ 6.3%
Profit (loss) for the period to be appropriated9905€62,437€35,064€123,114€94,394€100,352▲ 6.3%
Line20212022202320242025Change
Assets
Total assets20/58€1.4m€1.3m€1.3m€1.2m€1.1m▼ 14.5%
Fixed assets21/28€1.2m€1.2m€1.1m€1.0m€883,218▼ 12.8%
Tangible fixed assets22/27€1.2m€1.2m€1.1m€1.0m€883,218▼ 12.8%
Land and buildings22€957,888€917,581€877,274€836,926€796,579▼ 4.8%
Plant, machinery and equipment23€180,137€176,094€155,886€118,604€56,854▼ 52.1%
Furniture and vehicles24€41,412€39,098€28,723€18,800--
Other tangible fixed assets26€64,939€56,048€47,158€38,268€29,785▼ 22.2%
Current assets29/58€122,790€114,892€170,102€235,434€183,351▼ 22.1%
Amounts receivable within one year40/41--€9,855-€161,641-
Trade receivables40--€9,855---
Other amounts receivable41----€161,641-
Cash at bank and in hand54/58€122,790€114,221€58,433€186,695€20,672▼ 88.9%
Deferred charges and accrued income490/1-€671€101,813€48,739€1,039▼ 97.9%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.3m€1.3m€1.2m€1.1m▼ 14.5%
Equity10/15€336,556€371,620€494,734€589,128€512,839▼ 12.9%
Contributions10/11€20,000€20,000€20,000€20,000€20,000=
Capital10€20,000-----
Issued capital100€20,000-----
Reserves13€2,000€2,000€2,000€2,000€2,000=
Non-distributable reserves130/1€2,000€2,000€2,000€2,000€2,000=
Legal reserve130€2,000-----
Reserves not available under the articles1311-€2,000€2,000€2,000€2,000=
Profit (loss) carried forward14€314,556€349,620€472,734€567,128€490,839▼ 13.5%
Amounts payable17/49€1.0m€932,093€784,408€658,904€553,730▼ 16.0%
Amounts payable after more than one year17€822,516€643,842€450,922€335,635€249,940▼ 25.5%
Financial debts170/4€822,516€643,842€450,922€335,635€249,940▼ 25.5%
Amounts payable within one year42/48€208,094€288,251€333,486€323,270€302,755▼ 6.3%
Current portion of amounts payable after more than one year42-€55,560€118,798€115,287€85,695▼ 25.7%
Trade debts44€30,136€36,151-€2,420--
Suppliers440/4€30,136€36,151-€2,420--
Taxes, remuneration and social security45€29,270€35,000€55,518€35,300€40,420▲ 14.5%
Taxes450/3€29,270€35,000€55,518€35,300€40,420▲ 14.5%
Other amounts payable47/48€148,688€161,540€159,170€170,263€176,641▲ 3.7%
Accrued charges and deferred income492/3----€1,035-
Line20212022202320242025Change
Profit (loss) for the period9904€62,437€35,064€123,114€94,394€100,352▲ 6.3%
+ Depreciation and write-downs630€105,530€111,737€96,810€96,442€78,815▼ 18.3%
Operating cash flow (approximation)€167,967€146,801€219,925€190,836€179,166▼ 6.1%
Investment in fixed assets (approximation)--€56,182-€17,030€0€50,566-
Change in cash--€8,569-€55,788€128,262-€166,023▼ 229%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Equity above €500,000Eq €589,128 ▲19.1%
7 profitable years in a row build equity to €589,128.
01-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Highest result since 2018net €123,114 ▲251%
Operating result €186,213, net result €123,114, both a record.
27-11
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 119 days late
02-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 155 days late
2022
31-12
Financial Weakest financial yearnet €35,064 ▼43.8%
Net result drops to €35,064, the lowest in the series; recovery starts the following year.
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 121 days late
2019
02-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Liège · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
3,250 m²
Building footprint
206 m²
Volume, LiDAR
1,486 m³
2 parcels, Wallonia · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Louvain 431 F, 1380 Lasne
NACE 70111
since 20072.182.653.319
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25076F0006/00S005 Wallonia 3,200 m² 1 · 156 m² 12.8 m · 2 fl.
62813E0051/00E000 Wallonia 49 m² 1 · 50 m² 15.8 m · 5 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. COMEFI 100%
  2. INDUSTRIALAAN 100%
  3. DGR IMMO

Highest known parent: COMEFI. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded24-03-2006
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.