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DIGI Communications Belgium

Active
Public limited companyfounded 2023active for 3 yearsGasthuisstraat 31, 1000 Brussel, Belgium27 active companies are registered at this addressKBO/BCE: BE 0803.299.956
Summary

The computed 12-month bankruptcy probability of DIGI Communications Belgium is 1.9% (moderate). The 2025 annual accounts show equity of €147.7m and a net result of -€25.6m. Equity is growing by about 652% per year across the filed financial years. Its solvency ranks better than 87% of 94 sector peers (NACE 61, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Wired, wireless and satellite telecommunications
NACE 61100Public relations and communication consultancy NACE 73300
5th largest company by equity in the Brussels-Capital Region, Telecommunications sector1 site
Size
€212.3mtotal assets 2025
Staff
138.3 FTE
Equity
€147.7m
Loss
-€25.6m
Total assets +11,112%: capital increase
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.9%
Structure
Parent
Digi Romania SA · 76.91%
Board
4 members
Holdings
1
Accounts filed 28 days late
Why 55raises riskLiquidity: current ratio 1.38, cash €3,656, halvedLatest accounts 28 days late; 1 of the last 3 lateLoss of €25.6m, the second in a row (financial year 2025)lowers riskSize: 138.3 FTE, total assets €212.3mShow the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 62% of its sector peers (all companies)
Financial strength · tick = 2024
Average
Solvency 95+95
equity 69.6% of total assets
Liquidity 50+39
short-term debt 10.3% · cash 0.0%
Profitability 4+4
return on assets -12.0%
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (16 companies, NACE 61, medium-sized)
Last 24 months 11-2024: 4.2% 12-2024: 4.4%▲ +0.2 percentage points vs 11-2024 01-2025: 4.4%● unchanged vs 12-2024 02-2025: 4.6%▲ +0.2 percentage points vs 01-2025 03-2025: 4.5%▼ -0.1 percentage points vs 02-2025 04-2025: 5.0%▲ +0.5 percentage points vs 03-2025 05-2025: 5.4%▲ +0.4 percentage points vs 04-2025 06-2025: 5.5%▲ +0.1 percentage points vs 05-2025 07-2025: 5.6%▲ +0.1 percentage points vs 06-2025 08-2025: 6.5%▲ +0.9 percentage points vs 07-2025 09-2025: 6.6%▲ +0.1 percentage points vs 08-2025 10-2025: 10.1%▲ +3.5 percentage points vs 09-2025highest value 11-2025: 6.4%▼ -3.7 percentage points vs 10-2025 12-2025: 6.4%● unchanged vs 11-2025 01-2026: 6.4%● unchanged vs 12-2025 02-2026: 6.4%● unchanged vs 01-2026 03-2026: 6.1%▼ -0.3 percentage points vs 02-2026 04-2026: 7.1%▲ +1.0 percentage point vs 03-2026 05-2026: 7.4%▲ +0.3 percentage points vs 04-2026 06-2026: 7.5%▲ +0.1 percentage points vs 05-2026 07-2026: 7.7%▲ +0.2 percentage points vs 06-2026 08-2026: 8.3%▲ +0.6 percentage points vs 07-2026 09-2026: 1.9%▼ -6.4 percentage points vs 08-2026lowest value 10-2026: 1.9%● unchanged vs 09-2026
Credit of up to €8,100,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.38, compared with 0.07 in 2024, below the usual 1.5; short-term debt: 10.3% and cash: 0% of total assets), and 30.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (all companies): better than 81% on solvency, 59% on liquidity, 10% on profitability and 99% on growth.

The bankruptcy probability was computed on 21-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.38, cash €3,656, halved
NBB · annual accounts
raises risk · Latest accounts 28 days late; 1 of the last 3 late
NBB · filings
raises risk · Loss of €25.6m, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: 138.3 FTE, total assets €212.3m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filings
Deviation from the deadline
2025
28 days late
2024
89 days late
2023
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 39 days after the deadline; the sector median (NACE 61) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (3 of the last 3 filed years within 61 days of that day).
Companies Code · seven months
Where today falls in the filing period
22-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Amendment of the articlesCapital · Power of attorney
  2. Capital & sharesCapital increase · Bank account…
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€25.6m View
  • Caution: Result fell in 2025different schema filed ▼ 142% View
  • Caution: Among the weakest 5% on net resultsector median €18,901 · 94 companies -€25.6m View
  • Controlled by Digi Romania SAknown shareholders 100% 76.91% View

By topic

Financials

Financial year
2025
Total assets
€212.3m
Loss
-€25.6m
Solvency
69.6%
Total assets▲ 11,112%
Net result
20232025
Go to Financials

Board & ownership

Board
4 members
Parent
Digi Romania SA · 76.91%
Known shareholders
100%
  • BULGAC SergheiDirector
  • Ghost ConsultingDirector
  • POPOVICIU ValentinDirector
  • UNGUREANU FlorinDirector
Go to Board & ownership

Network & group

Group
Citymesh Holding nv
Subsidiaries
1
Connected companies
7

1 subsidiary

Go to Network & group

Timeline

Events
11
Since
2024
Next accounts
by 31-07-2027
  1. 31-12-2025Weakest financial year
  2. 31-12-2025Liquidity more than 19 times
  3. 31-12-2025Equity above €100m
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wired, wireless and satellite telecommunicationsNACE 61100
Founded
28-06-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
17
Annual meeting
Last Saturday of June at 11:00
Purpose
“De uitbating van gebruiksrechten voor telecommunicatielicenties met betrekking tot…” (deed in Dutch)
Go to Articles of association

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