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DIBANGO

Active
Private limited company (pre-2019)founded 198739 yrs activeKrekelendries 20, 1785 Merchtem, BelgiumKBO/BCE: BE 0431.041.373
Summary

DIBANGO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€29,813) and a net result of €3,586. Equity is growing by ~18% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability71▼-1
Solvency9▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64 against 0.61 in 2023; short-term debt: 115.5% and cash: 5.9% of total assets), and equity is negative.
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Signals

Four 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 39 years 0 40 y
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 2024
Solvency, return and age of the figures
Solvency
-15.5%
Return on assets
1.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
60 d late
2023
68 d late
2022
73 d late
2021
84 d late
2020
121 d late
2019
116 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 87 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 (1)
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 23 April 1987, DIBANGO was incorporated.1 Total assets went from EUR 838,180 in 2018 to EUR 192,176 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€29,813▲ 10.7%
2023 · -€33,398
Total assets
€192,176▲ 2.3%
2023 · €187,842
Net result
€3,586▼ 15.7%
2023 · €4,253
Working capital
-€80,581▲ 7.5%
2023 · -€87,156
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
Line20202021202220232024
Operating result€4,378▲ 952%€4,141▼ 5.4%€4,882▲ 17.9%€4,527▼ 7.3%€3,664▼ 19.1%
Net result€4,148▲ 1,995%€24,897▲ 500%€4,454▼ 82.1%€4,253▼ 4.5%€3,586▼ 15.7%
Equity-€67,002▲ 5.8%-€42,105▲ 37.2%-€37,652▲ 10.6%-€33,398▲ 11.3%-€29,813▲ 10.7%
Total assets€849,711▲ 0.8%€878,022▲ 3.3%€183,083▼ 79.1%€187,842▲ 2.6%€192,176▲ 2.3%
Debt€916,713▲ 0.2%€920,127▲ 0.4%€220,735▼ 76.0%€221,240▲ 0.2%€221,989▲ 0.3%
Working capital€573,883▲ 1.4%€608,524▲ 6.0%-€94,399-€87,156▲ 7.7%-€80,581▲ 7.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2020: €4,378€4,378Net result 2020: €4,148€4,148Operating result 2021: €4,141€4,141Net result 2021: €24,897€24,897Operating result 2022: €4,882€4,882Net result 2022: €4,454€4,454Operating result 2023: €4,527€4,527Net result 2023: €4,253€4,253Operating result 2024: €3,664€3,664Net result 2024: €3,586€3,58620202021202220232024€0€2,000€4,000Operating result 2022: €4,882€4,880Net result 2022: €4,454€4,450Operating result 2023: €4,527€4,530Net result 2023: €4,253€4,250Operating result 2024: €3,664€3,660Net result 2024: €3,586€3,590202220232024
The operating result has fallen two years in a row; 2024 is 19% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €192,176
Fixed assets €50,769 ▼ 5.6%
Current assets €141,408 ▲ 5.5%
Key figures and ratios
2024 value · change against 2023
EBITDA
€6,654▼
2023 · €7,516
Cash flow
€6,575▼
2023 · €7,243
Solvency
-15.5%▲
2023 · -17.8%
Current ratio
0.64▲
2023 · 0.61
Debt to equity
-7.45▼
2023 · -6.62
ROA
1.9%▼
2023 · 2.3%
Interest coverage
84.52▲
2023 · 27.52
Debt ≤ 1 year
€221,989▲
2023 · €221,240
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,448 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit under 5% of the balance sheet
2.1% went bankrupt
4.8% stopped otherwise
92% still going

A further 1.0% 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 497,662 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% 1.7%
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 75% 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 1,448 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 · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€187,842€192,176▲
Fixed assets21/28€53,758€50,769▼
Tangible fixed assets22/27€53,758€50,769▼
Land and buildings22€53,758€50,769▼
Current assets29/58€134,084€141,408▲
Amounts receivable within one year40/41€121,101€130,107▲
Other amounts receivable41€121,101€130,107▲
Cash at bank and in hand54/58€12,983€11,301▼
Equity and liabilities
Total equity and liabilities10/49€187,842€192,176▲
Equity10/15-€33,398-€29,813▲
Contributions10/11€19,000€19,000=
Reserves13€14,400€14,400=
Non-distributable reserves130/1€1,900€1,900=
Reserves not available under the articles1311€1,900€1,900=
Distributable reserves133€12,500€12,500=
Profit (loss) carried forward14-€66,798-€63,213▲
Amounts payable17/49€221,240€221,989▲
Amounts payable within one year42/48€221,240€221,989▲
Trade debts44€1,742€2,492▲
Suppliers440/4€1,742€2,492▲
Other amounts payable47/48€219,497€219,497=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,989€2,989=
Other operating charges640/8€3,756€4,498▲
Gross operating margin9900€11,272€11,151▼
Operating profit (loss)9901€4,527€3,664▼
Financial charges65/66B€273€79▼
Recurring financial charges65€273€79▼
Profit (loss) for the period before taxes9903€4,253€3,586▼
Profit (loss) for the period9904€4,253€3,586▼
Profit (loss) for the period to be appropriated9905€4,253€3,586▼
Appropriation of the result
Profit (loss) to be appropriated9906-€66,798-€63,213▲
Profit (loss) brought forward from the previous period14P-€71,052-€66,798▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,544€3,544€2,989€2,989€2,989=
Other operating charges640/8-€3,441€3,512€3,756€4,498▲ 19.7%
Gross operating margin9900€11,360€11,125€11,383€11,272€11,151▼ 1.1%
Operating profit (loss)9901€4,378€4,141€4,882€4,527€3,664▼ 19.1%
Financial income75/76B-€21,000----
Recurring financial income75-€21,000----
Financial charges65/66B-€244€428€273€79▼ 71.2%
Recurring financial charges65€230€244€428€273€79▼ 71.2%
Profit (loss) for the period before taxes9903€4,148€24,897€4,454€4,253€3,586▼ 15.7%
Profit (loss) for the period9904€4,148€24,897€4,454€4,253€3,586▼ 15.7%
Profit (loss) for the period to be appropriated9905€4,148€24,897€4,454€4,253€3,586▼ 15.7%
Line20202021202220232024Change
Assets
Total assets20/58€849,711€878,022€183,083€187,842€192,176▲ 2.3%
Fixed assets21/28€69,480€59,737€56,747€53,758€50,769▼ 5.6%
Tangible fixed assets22/27€63,280€59,737€56,747€53,758€50,769▼ 5.6%
Land and buildings22-€59,737€56,747€53,758€50,769▼ 5.6%
Financial fixed assets28€6,200-----
Current assets29/58€780,231€818,285€126,336€134,084€141,408▲ 5.5%
Amounts receivable within one year40/41€78,901€818,101€109,101€121,101€130,107▲ 7.4%
Other amounts receivable41-€818,101€109,101€121,101€130,107▲ 7.4%
Cash at bank and in hand54/58€1,330€185€17,235€12,983€11,301▼ 13.0%
Equity and liabilities
Total equity and liabilities10/49€849,711€878,022€183,083€187,842€192,176▲ 2.3%
Equity10/15-€67,002-€42,105-€37,652-€33,398-€29,813▲ 10.7%
Contributions10/11-€19,000€19,000€19,000€19,000=
Reserves13€14,400€14,400€14,400€14,400€14,400=
Non-distributable reserves130/1-€1,900€1,900€1,900€1,900=
Reserves not available under the articles1311-€1,900€1,900€1,900€1,900=
Distributable reserves133-€12,500€12,500€12,500€12,500=
Profit (loss) carried forward14-€100,402-€75,505-€71,052-€66,798-€63,213▲ 5.4%
Amounts payable17/49€916,713€920,127€220,735€221,240€221,989▲ 0.3%
Amounts payable after more than one year17€710,366€710,366----
Financial debts170/4-€710,366----
Amounts payable within one year42/48€206,347€209,761€220,735€221,240€221,989▲ 0.3%
Trade debts44€2,976€640€1,248€1,742€2,492▲ 43.0%
Suppliers440/4-€640€1,248€1,742€2,492▲ 43.0%
Other amounts payable47/48-€209,121€219,487€219,497€219,497=
Line20202021202220232024Change
Profit (loss) for the period9904€4,148€24,897€4,454€4,253€3,586▼ 15.7%
+ Depreciation and write-downs630€3,544€3,544€2,989€2,989€2,989=
Operating cash flow (approximation)€7,692€28,441€7,443€7,243€6,575▼ 9.2%
Investment in fixed assets (approximation)-€6,200€0€0€0-
Change in cash--€1,145€17,051-€4,253-€1,681▲ 60.5%

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

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Timeline · acts, filings and financial milestones

2025
29-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
07-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
12-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
2022
23-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 84 days late
2021
31-12
Financial Highest result since 2018net €24,897 ▲500%
Net result €24,897, the highest in the series.
29-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
24-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 116 days late
2019
31-12
Financial Weakest financial yearnet €198 ▼94.4%
Net result drops to €198, the lowest in the series; recovery starts the following year.
14-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
26-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
29-03
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 241 days late
2017
08-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 404 days late
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, Merchtem
exact location from the address register On OpenStreetMap
Ground area
171 m²
Building footprint
171 m²
Volume, LiDAR
1,689 m³
Parcel 23602H0286/02K000, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23602H0286/02K000 Flanders 171 m² 1 · 171 m² 13.8 m · 3 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded23-04-1987
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 28 September 2026 · Peppol Directory

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