Equity
Equity fell by 80% in 6 years.
Equity fell by 80% in 6 years.
The last five annual accounts were filed 9 to 50 days before the end of the period.
Less equity than 81% of companies in computer programming and consultancy. Sector median €128,324 · 3,407 companies.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 44% of them on solvency, 59% on liquidity, 5% on profitability and 20% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 5,831 companies had the same profile as DLG has now. Each dot stands for 15 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DLG itself is lower: < 0.1% within 12 months. It rests on far more data about DLG than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for DLG. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.83 (1.63 in 2024), above the usual 1.5. Short-term debt is 49.3% and cash 72.6% of total assets. 49.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DLG Beerse | €23,222 | -€1,436 | 50.7% | - |
| Particular Prospection Services Herselt | €19,700 | -€8,499 | 96.2% | - |
| ICONV Eupen | €22,389 | -€42,160 | -872.6% | - |
| NETUX Oreye | €26,242 | -€4,766 | 85.2% | - |
| MARIVAL Pajottegem | €23,767 | -€5,903 | 73.2% | - |
| ATLANTIC RESSOURCE Genappe | €22,298 | -€12,468 | -88.0% | - |
| EVC IT SOLUTIONS Ottignies-Louvain-la-Neuve | €22,425 | -€3,442 | -26.5% | - |
These companies have the same main activity as DLG: computer programming (NACE 62100). They are comparable in size and age: total assets between €19,700 and €26,200, founded between 2003 and 2008.
DLG files the abbreviated format. That format states no turnover. The gross margin fell from €430 in 2006 to -€1,436 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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