Equity
€5,754 from €158,347 in 2023
Equity fell by 96% in 2 years.
Digital Lemonade
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €74,947 (2022)
-€42,719▲ €34,649
lowest -€99,699 (2024)
-€52,894▲ €46,805
peak €158,347 (2023)
€5,754▼ 90.2%
€282▼ 93.9%
peak 1 FTE (2017)
-not published
Board3 names since 2003
2 directorsGraffo and 1 other
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from -€77,368 to -€42,719Loss of €52,894Equity from €58,648 to €5,754Debts from €4,617 to €282Cash from €39,983 to €4,901
Key points
from the 2025 annual accountsLosses
-€152,593 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Liquidity
21.41 was 13.63 in 2024
Short-term debts fell from €4,617 to €282.
Filings
22 annual accounts since 2004
Five of the last ten came late. The 2020 accounts came latest: 31 days after the end of the period.
Board
1 left
A director left. Latest change 15-01-2026 · 1 in office.
Position in the sector
-€52,894
Lower net result than 95% of companies in other professional activities. Sector median €9,324 · 4,356 companies.
Turnover not published (micro format)
Checked score
55
Fair
Financially stronger than 50% of micro companies in other professional activities (NACE 74)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.4 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €52,894, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 21.41, cash €4,901, halved
Equity €5,754 (95.3% of total assets)
Size: total assets €6,036
Calculation
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 74, micro). It does better than 88% of them on solvency, 97% on liquidity, 7% on profitability and 6% 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).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as Digital Lemonade has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Digital Lemonade itself is lower: 0.1% within 12 months. It rests on far more data about Digital Lemonade than the profile alone.
Test of the method
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 Digital Lemonade. 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 21.41 (13.63 in 2024), above the usual 1.5. Short-term debt is 4.7% and cash 81.2% of total assets. 4.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€52,894
raises risk · 2025 accounts filed 28 days late
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 · 10 filingsDeviation from the deadline
2025
28 days late
2024
28 days late
2023
29 days late
2022
29 days late
2021
5 days early
2020
31 days late
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% 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 (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: Five Boxing Wizards Comm.V. (director)
Director discharge: Five Boxing Wizards Comm.V. · General meeting of 01-11-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0480067153
Company renamed from GÖBEL BELGIUM to Digital Lemonade
Resignation: NENCZL Geert (director) · Appointments: GRAFFO (director) and FIVE BOXING WIZARDS (director) · Permanent representatives: NENCZL Alexander August Renée and ROEF Dries An Guy · General meeting of 06-05-2024 · Gazette deed
First establishment
DL, Rummenweg 172, Herk-de-Stad
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Digital Lemonade Herk-de-Stad | €6,036 | -€42,719 | 95.3% | - |
| NAVALORAMA Sint-Gillis (bij-Brussel) | €8,668 | -€2,037 | -13.0% | - |
| ALPHA - PHS Genk | €7,372 | -€1,994 | -446.7% | - |
| PICSEL Fléron | €8,958 | -€8,990 | -164.8% | - |
| SEPTANDSET Assesse | €6,030 | €371 | -1801.5% | - |
| WALDHAUS Laakdal | €7,403 | -€4,989 | -237.5% | - |
| 121 Création, Marketing, Design Chaudfontaine | €11,406 | -€2,662 | -960.2% | - |
These companies have the same main activity as Digital Lemonade: graphic design and visual communication (NACE 74120). They are comparable in size and age: total assets between €6,030 and €11,400, founded between 1985 and 2013.
Official details
Source: KBO- Status
- Active since 22-04-2003Normal situation
- Activity
- Graphic design and visual communicationNACE 74120and 4 others
- Establishment unit
- 2.131.569.0603540 Herk-de-Stad, since 15-05-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 13-05-2024
Insights on Digital Lemonade
Digital Lemonade files the micro format. That format states no turnover. The gross margin fell from €24,003 in 2006 to -€42,719 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.
Key facts about Digital Lemonade
- What is the company number of Digital Lemonade?
- The company number of Digital Lemonade is 0480.067.153. The VAT number is the same number with BE in front: BE 0480.067.153.
- Where is Digital Lemonade based?
- The registered office is at Rummenweg 172, 3540 Herk-de-Stad.Company details
- What does Digital Lemonade do?
- According to the KBO register, the main activity is graphic design and visual communication (NACE 74120).
- What is the legal form of Digital Lemonade?
- Digital Lemonade is a private limited company (BV).
- When was Digital Lemonade founded?
- Digital Lemonade was founded on 22-04-2003.
- Is Digital Lemonade still active?
- Yes, Digital Lemonade is an active enterprise in the KBO register.
- How many employees does Digital Lemonade have?
- Digital Lemonade had an average of 0.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Digital Lemonade?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is Digital Lemonade profitable?
- In financial year 2025, Digital Lemonade made a loss of €52,894.
- Where can I find the annual accounts of Digital Lemonade?
- Digital Lemonade filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Digital Lemonade due?
- Digital Lemonade must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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