Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Of this, €84,727 falls due within a year.
The 2024 accounts came latest: 70 days after the end of the period.
Board changed. Latest change 31-12-2025 · 2 in office.
Lower solvency than 90% of companies in advertising and market research. Sector median 44.3% · 2,094 companies.
The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).
About 3 in 100 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 73, micro). It does better than 5% of them on solvency, 5% on liquidity, 23% on profitability and 37% on growth.
The bankruptcy probability was computed on 08-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 1,564 companies had the same profile as DINGO has now. Each dot stands for 4 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DINGO itself: 3.2% within 12 months.
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 1,564 companies, not a prediction for DINGO. 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 insufficient, with a current ratio of 0.68 (0.51 in 2024), below 1. Short-term debt is 132.4% and cash 3.4% of total assets. Equity is negative.
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 6 accounts on average on the deadline day. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DINGO Wijnegem | €63,983 | €60,594 | -37.8% | 1 |
| Perez Content Hub Ghent | €87,884 | €76,108 | 34.4% | 1 |
| MADAME CLAUDE Incourt | €107,545 | €46,581 | 52.4% | 1 |
| MILTTON BRUSSELS Brussels | €75,860 | €70,116 | -1312.7% | 1 |
| FANINC HR SOLUTIONS Frasnes-lez-Anvaing | €113,791 | €81,901 | 48.4% | 1 |
| MA-VI Grimbergen | €60,187 | €83,396 | 36.6% | 1 |
| Side&Kick Mechelen | €35,827 | €81,925 | -105.0% | 2 |
These companies have the same main activity as DINGO: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €35,800 and €114,000, founded between 2015 and 2021.
DINGO files the abbreviated format. That format states no turnover. The gross margin fell from €124,608 in 2020 to €60,594 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €110,000 and €220,000.
Higher than 9% of 2,094 companies in 2025.
Higher than 20% of 2,010 companies in 2025.
Higher than 24% of 2,053 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
63,983 | 47,835 | 131,002 | 195,792 | 278,130 | 259,234 | |
21/28 |
6,636 | 12,955 | 46,021 | 81,717 | 116,970 | 118,366 | |
21 |
967 | 1,505 | 23,310 | 51,510 | 79,267 | 108,267 | |
22/27 |
5,669 | 11,450 | 22,711 | 30,207 | 37,704 | 7,287 | |
23 |
- | 0 | 5,313 | 6,045 | 6,777 | - | |
24 |
5,669 | 11,450 | 17,397 | 24,162 | 30,927 | 7,287 | |
28 |
- | - | - | - | - | 2,813 | |
29/58 |
57,347 | 34,880 | 84,981 | 114,075 | 161,160 | 140,868 | |
3 |
23,252 | 6,893 | 6,925 | 3,659 | 2,155 | 1,714 | |
30/36 |
23,252 | 6,893 | 6,925 | 3,659 | 2,155 | 1,714 | |
40/41 |
30,500 | 26,438 | 71,673 | 100,096 | 81,126 | 96,380 | |
40 |
30,423 | 25,687 | 71,232 | 90,561 | 79,057 | 96,380 | |
41 |
77 | 750 | 442 | 9,535 | 2,069 | - | |
54/58 |
2,160 | 904 | 3,365 | 7,025 | 75,922 | 41,724 | |
490/1 |
1,435 | 646 | 3,018 | 3,295 | 1,956 | 1,050 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
63,983 | 47,835 | 131,002 | 195,792 | 278,130 | 259,234 | |
10/15 |
-24,188 | -23,407 | -8,419 | 11,238 | 56,808 | 33,679 | |
10/11 |
6,000 | 6,000 | 6,000 | 6,000 | 10,000 | 10,000 | |
13 |
46,808 | 46,808 | 46,808 | 46,808 | 46,808 | 23,679 | |
133 |
46,808 | 46,808 | 46,808 | 46,808 | 46,808 | 23,679 | |
14 |
-76,996 | -76,215 | -61,226 | -41,570 | - | - | |
17/49 |
88,172 | 71,242 | 139,420 | 184,555 | 221,323 | 225,555 | |
17 |
- | 0 | 21,409 | 58,483 | 94,870 | 106,566 | |
170/4 |
- | 0 | 21,409 | 58,483 | 94,870 | 106,566 | |
42/48 |
84,727 | 67,800 | 84,654 | 99,996 | 105,444 | 98,328 | |
42 |
0 | 21,409 | 37,074 | 36,387 | 35,712 | 29,100 | |
44 |
33,623 | 37,535 | 33,424 | 45,339 | 61,679 | 55,797 | |
440/4 |
33,623 | 37,535 | 33,424 | 45,339 | 61,679 | 55,797 | |
45 |
8,503 | 8,856 | 14,156 | 18,068 | 7,815 | 13,323 | |
450/3 |
695 | 1,077 | 6,489 | 10,477 | 6,274 | 9,454 | |
454/9 |
7,808 | 7,779 | 7,667 | 7,591 | 1,541 | 3,869 | |
47/48 |
42,601 | - | - | 203 | 239 | 107 | |
492/3 |
3,444 | 3,442 | 33,357 | 26,075 | 21,008 | 20,661 | |
| Income statement | |||||||
9900 |
60,594 | 69,005 | 73,621 | 56,637 | 127,824 | 124,608 | |
62 |
54,610 | 53,955 | 53,307 | 56,631 | 46,169 | 48,605 | |
630 |
5,879 | 27,688 | 36,946 | 36,695 | 31,375 | 38,398 | |
640/8 |
2,456 | 731 | 628 | 1,403 | 2,880 | 279 | |
66A |
105 | - | - | - | - | - | |
9901 |
-2,456 | -13,369 | -17,261 | -38,092 | 47,401 | 37,326 | |
75/76B |
173 | 46 | 30 | 8 | 9 | - | |
75 |
173 | 46 | 30 | 8 | 9 | - | |
65/66B |
-1,501 | 1,166 | 1,967 | 3,021 | 7,043 | 3,966 | |
65 |
-1,501 | 1,166 | 1,967 | 3,021 | 7,043 | 3,966 | |
9903 |
-782 | -14,488 | -19,198 | -41,105 | 40,367 | 33,360 | |
67/77 |
0 | 500 | 458 | 465 | 13,238 | 9,681 | |
9904 |
-782 | -14,988 | -19,656 | -41,570 | 27,129 | 23,679 | |
9905 |
-782 | -14,988 | -19,656 | -41,570 | 27,129 | 23,679 | |
| Appropriation of the result | |||||||
9906 |
-76,996 | -76,215 | -61,226 | -41,570 | 27,129 | 23,679 | |
14P |
-76,215 | -61,226 | -41,570 | - | - | - | |
691/2 |
- | - | - | - | 23,129 | 23,679 | |
6921 |
- | - | - | - | 23,129 | 23,679 | |
694/7 |
- | - | - | - | 4,000 | - | |
694 |
- | - | - | - | 4,000 | - | |
| Social balance sheet | |||||||
9087 |
1 | 1 | 1 | 1 | 1 | 1.3 | |
Hours worked1013 |
1,770 | 1,762 | 1,746 | 1,770 | 1,754 | 2,287 | |
| Document | |||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-09-2026.
2025 annual accounts filed 60 days after the deadline. Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00532548.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-09-2026 | 2026-00532548 | |
| 31-12-2024 | abbreviated format | 09-10-2025 | 2025-00537243 | |
| 31-12-2023 | micro format | 04-07-2024 | 2024-00205514 | |
| 31-12-2022 | micro format | 12-07-2023 | 2023-00227596 | |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20089225 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-22700371 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 3,423 | 14,320 | 19,686 | -1,398 | 78,775 | 75,724 | ||
| 5,097 | 12,700 | 17,290 | -4,875 | 58,503 | 62,077 | ||
| 983 | 1,860 | 1,250 | 1,442 | 32,792 | 156,764 | ||
| 1,256 | -2,461 | -3,660 | -68,897 | 34,198 | - | ||
| -27,380 | -32,920 | 327 | 14,079 | 55,716 | 42,541 | ||
| -37.8% | -48.9% | -6.4% | 5.7% | 20.4% | 13.0% | ||
| 0.68 | 0.51 | 1.00 | 1.14 | 1.53 | 1.43 | ||
| 0.40 | 0.41 | 0.92 | 1.10 | 1.51 | 1.42 | ||
| - | - | - | 16.42 | 3.90 | 6.70 | ||
| - | - | - | -369.9% | 47.8% | 70.3% | ||
| -1.2% | -31.3% | -15.0% | -21.2% | 9.8% | 9.1% | ||
| -2.28 | 12.29 | 10.01 | -0.46 | 11.19 | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | 0 | 0 | - | - | - |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| 1 | 1 | 1 | 1 | 1 | |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €983 | €1,860 | - | - | €32,792 |
| Intangible fixed assets | - | - | €1,250 | €1,442 | - |
| €5,879 | €27,688 | €36,946 | €36,695 | €31,375 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €2,456, smaller than the loss of €13,369 in 2024.
Equity is negative. Debt (€88,172) exceeds the balance-sheet total (€63,983).
DINGO has no parent and no holdings in its annual accounts.
| Update-pro
registered office since 26-05-1998 · founded in 1993 |
979 FTE (2025) 0450.903.114 |
| Cats & Dogs
registered office since 09-06-2011 · founded in 2011 |
28 FTE (2025) 0837.015.869 |
| WITHIT
registered office since 01-07-2024 · founded in 2012 |
1 FTE (2025) 0843.366.993 |
| TBH - Interiortextiles
registered office since 06-11-2020 · founded in 2020 |
2.5 FTE (2025) 0757.864.661 |
| Bodyphysique
registered office since 17-11-2014 · founded in 2014 · negative equity (2025) |
total assets €273,989 (2025) 0567.870.662 |
| Fox Accounting
registered office since 01-03-2022 · founded in 2019 |
1.9 FTE (2025) 0739.569.669 |
| BLEU MARINE
registered office since 01-03-1985 · founded in 1985 |
total assets €21,956 (2025) 0426.922.833 |
| MATHILEX EENHEID
registered office since 01-08-2015 |
founded in 2015 0632.624.694 |
| Koepel Binnenvaart Vlaanderen
registered office since 01-10-2014 |
founded in 2012 0504.841.943 |
| AEQUITAS
registered office since 16-03-2010 |
founded in 2010 0824.047.959 |
| Bison Growth Partners via PIJPEN Joris Dirk Maarten Engelbert, at DINGO until 2025 · Statutory manager · deed of 26-01-2026 |
founded in 2026 |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Stokerijstraat 25A registered office 2110 Wijnegem | 27-09-2019 | 2.293.963.094 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11050B0295/00W003 | 2.0 ha | 1 · 297 m² | 19.1 m · 6 |
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