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DIRIGO PROJECTS

Active
Private limited companyfounded 2011active for 15 yearsBritselei 94, 2000 Antwerpen, BelgiumKBO/BCE: BE 0836.068.734

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 22-04-2026 PDF all 12 filings

Turnover
≈ €110,000
Estimated: probably between €93,000 and €160,000
Total assets
€327,021▼ 13.0%
2024 · €375,976
Net result
€38,817▼ 74.3%
2024 · €151,075
Working capital
€463▼ 99.5%
2024 · €95,792
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 17% higher than in 2024. It is the second rise in a row, after the fall in 2023.

Operating result€50,298 2025 Net result€38,817 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€12,619-€60,421▲ 379%€45,782▼ 24.2%€246,574▲ 439%€45,466▼ 81.6%€34,343▼ 24.5%€42,817▲ 24.7%€50,298▲ 17.5%
Net result€9,643-€50,729▲ 426%€44,126above the sector's middle half▼ 13.0%€214,914above the sector's middle half▲ 387%€29,830within the sector's middle half▼ 86.1%€26,508within the sector's middle half▼ 11.1%€151,075above the sector's middle half▲ 470%€38,817within the sector's middle half▼ 74.3%
Equity€52,951-€89,681▲ 69.4%€83,807within the sector's middle half▼ 6.5%€218,722above the sector's middle half▲ 161%€190,551above the sector's middle half▼ 12.9%€180,059above the sector's middle half▼ 5.5%€155,675within the sector's middle half▼ 13.5%€79,492within the sector's middle half▼ 48.9%
Total assets€83,569-€113,318▲ 35.6%€138,499within the sector's middle half▲ 22.2%€341,548within the sector's middle half▲ 147%€319,904within the sector's middle half▼ 6.3%€259,255within the sector's middle half▼ 19.0%€375,976above the sector's middle half▲ 45.0%€327,021within the sector's middle half▼ 13.0%
Debt€30,618-€23,637▼ 22.8%€54,692▲ 131%€122,826▲ 125%€129,353▲ 5.3%€79,195▼ 38.8%€220,301▲ 178%€247,528▲ 12.4%
Working capital€41,696-€77,654▲ 86.2%€63,538within the sector's middle half▼ 18.2%€139,209above the sector's middle half▲ 119%€113,754above the sector's middle half▼ 18.3%€89,198within the sector's middle half▼ 21.6%€95,792above the sector's middle half▲ 7.4%€463within the sector's middle half▼ 99.5%
Solvency63.4%-79.1%▲ 15.8pp60.5%within the sector's middle half▼ 18.6pp64.0%within the sector's middle half▲ 3.5pp59.6%within the sector's middle half▼ 4.5pp69.5%within the sector's middle half▲ 9.9pp41.4%within the sector's middle half▼ 28.0pp24.3%within the sector's middle half▼ 17.1pp
Current ratio2.36-4.29▲ 1.922.16within the sector's middle half▼ 2.122.15within the sector's middle half▼ 0.011.89within the sector's middle half▼ 0.262.13within the sector's middle half▲ 0.241.49within the sector's middle half▼ 0.641.00within the sector's middle half▼ 0.49
Return on assets (ROA)11.5%-44.8%▲ 33.2pp31.9%above the sector's middle half▼ 12.9pp62.9%above the sector's middle half▲ 31.1pp9.3%within the sector's middle half▼ 53.6pp10.2%within the sector's middle half▲ 0.9pp40.2%above the sector's middle half▲ 30.0pp11.9%within the sector's middle half▼ 28.3pp
above within below The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €327,021
Fixed assets €79,029 ▼ 5.8%
Current assets €247,991 ▼ 15.1%
Equity and liabilities €327,021
Equity €79,492 ▼ 48.9%
Debt €247,528 ▲ 12.4%
Debt's share of the balance-sheet total rises from 58.6% to 75.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€55,152▲
2024 · €47,805
Cash flow
€43,671▼
2024 · €156,063
Debt to equity
3.11▲
2024 · 1.42
ROE
48.8%▼
2024 · 97.0%
Interest coverage
86.10▼
2024 · over 100
Debt ≤ 1 year
€247,528▲
2024 · €196,301
Debt > 1 year
€0▼
2024 · €24,000
Income taxes
€10,872▲
2024 · €7,118
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as DIRIGO PROJECTS: organisation of conventions and trade shows (NACE 82300). They are comparable in size and age: total assets between €285,000 and €420,000, founded between 2008 and 2012.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
DIRIGO PROJECTS Antwerpen2011€0.3m€0.08m€0.06m-€0.04m-2025
TALENTIO Elsene2012€0.3m€0.1m€0.05m-€0.02m-2025
BUSWORLD INTERNATIONAL Roeselare2010€0.4m€0.1m€0.06m-€0.2m02025
BRAIN 2 RENT Genappe2008€0.3m€0.1m€0.05m-€0.02m-2025
Communicatie Lab Gavere2011€0.4m€0.07m€0.07m-€0.02m-2026
LEADING Gembloux2008€0.4m€0.2m€0.07m€2.6m€0.02m-2025
DUCLOS.be Namur2012€0.4m€0.006m€0.05m-€0.03m-2024

They were chosen from the 1,757 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 5,053 companies had the same profile as DIRIGO PROJECTS has now. Two years later, 1.6% had gone bankrupt and 95.9% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.4% stopped otherwise
95.9% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of DIRIGO PROJECTS itself: 0.6% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 5,053 companies, not a prediction for DIRIGO PROJECTS. 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.

Subsidies and aid

Flemish government

2022 to 2023 · 2 entries · €360 awarded · €360 paid
Year Entries AwardedPaid
2023 1 €240€240
2022 1 €120€120
Schemes
2 entries · €360 · €360 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines

Source: Annual accounts 2025 (PDF), filed on 22-04-2026.

Balance sheet Code20242025
Assets
Total assets20/58€375,976€327,021▼
Fixed assets21/28€83,883€79,029▼
Tangible fixed assets22/27€8,883€4,029▼
Plant, machinery and equipment23€307€43▼
Furniture and vehicles24€6,235€2,338▼
Other tangible fixed assets26€2,341€1,648▼
Financial fixed assets28€75,000€75,000=
Current assets29/58€292,093€247,991▼
Amounts receivable after more than one year29€5,000€5,000=
Other amounts receivable291€5,000€5,000=
Amounts receivable within one year40/41€235,033€200,481▼
Trade receivables40€29,040€56,820▲
Other amounts receivable41€205,993€143,661▼
Current investments50/53€32,000€32,000=
Cash at bank and in hand54/58€19,173€9,133▼
Deferred charges and accrued income490/1€887€1,377▲
Equity and liabilities
Total equity and liabilities10/49€375,976€327,021▼
Equity10/15€155,675€79,492▼
Contributions10/11€18,600€18,600=
Reserves13€137,075€60,892▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€137,075€60,892▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€220,301€247,528▲
Amounts payable after more than one year17€24,000€0▼
Financial debts170/4€24,000€0▼
Amounts payable within one year42/48€196,301€247,528▲
Current portion of amounts payable after more than one year42€0-
Financial debts43-€400
Credit institutions430/8-€400
Trade debts44€4,305€4,476▲
Suppliers440/4€4,305€4,476▲
Taxes, remuneration and social security45€7,083€17,067▲
Taxes450/3€7,083€17,067▲
Other amounts payable47/48€184,914€225,585▲
Income statement Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,988€4,853▼
Other operating charges640/8€1,318€1,427▲
Gross operating margin9900€49,123€56,579▲
Operating profit (loss)9901€42,817€50,298▲
Financial income75/76B€115,557€32▼
Recurring financial income75€47€32▼
Non-recurring financial income76B€115,510€0▼
Financial charges65/66B€181€641▲
Recurring financial charges65€181€641▲
Profit (loss) for the period before taxes9903€158,192€49,690▼
Income taxes67/77€7,118€10,872▲
Profit (loss) for the period9904€151,075€38,817▼
Profit (loss) for the period to be appropriated9905€151,075€38,817▼
Appropriation of the result
Profit (loss) to be appropriated9906€151,075€38,817▼
Transfer from equity791/2€161,459€76,183▼
Transfer to equity691/2€137,075€0▼
To other reserves6921€137,075€0▼
Profit to be distributed694/7€175,459€115,000▼
Return on contributions (dividend)694€161,459€100,000▼
Directors or managers695€14,000€15,000▲

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€135,510€0----
Remuneration, social security and pensions62-----€825€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,438€1,330€3,494€3,106€3,120€3,046€4,988€4,853▼ 2.7%
Other operating charges640/8---€1,140€1,169€2,222€1,318€1,427▲ 8.3%
Gross operating margin9900€15,517€63,608€50,300€250,820€49,755€40,435€49,123€56,579▲ 15.2%
Operating profit (loss)9901€12,619€60,421€45,782€246,574€45,466€34,343€42,817€50,298▲ 17.5%
Financial income75/76B---€107€0€1€115,557€32▼ 100.0%
Recurring financial income75€164€547€3,235€107€0€1€47€32▼ 32.4%
Non-recurring financial income76B------€115,510€0▼ 100%
Financial charges65/66B---€459€1,678€1,134€181€641▲ 253%
Recurring financial charges65€194€299€539€459€1,678€1,134€181€641▲ 253%
Profit (loss) for the period before taxes9903€12,590€60,669€48,478€246,222€43,788€33,210€158,192€49,690▼ 68.6%
Income taxes67/77€2,947€9,940€4,352€31,307€13,958€6,702€7,118€10,872▲ 52.8%
Profit (loss) for the period9904€9,643€50,729€44,126€214,914€29,830€26,508€151,075€38,817▼ 74.3%
Profit (loss) for the period to be appropriated9905€9,643€50,729€44,126€214,914€29,830€26,508€151,075€38,817▼ 74.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€83,569€113,318€138,499€341,548€319,904€259,255€375,976€327,021▼ 13.0%
Fixed assets21/28€11,255€12,027€20,269€81,080€77,960€90,861€83,883€79,029▼ 5.8%
Tangible fixed assets22/27€2,325€3,047€6,289€4,090€970€13,871€8,883€4,029▼ 54.6%
Plant, machinery and equipment23---€2,662€316€583€307€43▼ 85.9%
Furniture and vehicles24---€608€243€10,253€6,235€2,338▼ 62.5%
Other tangible fixed assets26---€820€410€3,035€2,341€1,648▼ 29.6%
Financial fixed assets28€8,930€8,980€13,980€76,990€76,990€76,990€75,000€75,000=
Current assets29/58€72,314€101,291€118,230€260,468€241,945€168,393€292,093€247,991▼ 15.1%
Amounts receivable after more than one year29---€6,221€5,671€5,671€5,000€5,000=
Trade receivables290---€5,000€5,000€0---
Other amounts receivable291---€1,221€671€5,671€5,000€5,000=
Amounts receivable within one year40/41€21,338€62,545€69,278€201,878€133,911€90,242€235,033€200,481▼ 14.7%
Trade receivables40---€38,386€22,022€6,242€29,040€56,820▲ 95.7%
Other amounts receivable41---€163,492€111,889€84,000€205,993€143,661▼ 30.3%
Current investments50/53---€9,000€21,000€32,000€32,000€32,000=
Cash at bank and in hand54/58€43,206€35,479€42,203€42,839€79,768€39,015€19,173€9,133▼ 52.4%
Deferred charges and accrued income490/1---€530€1,595€1,466€887€1,377▲ 55.3%
Equity and liabilities
Total equity and liabilities10/49€83,569€113,318€138,499€341,548€319,904€259,255€375,976€327,021▼ 13.0%
Equity10/15€52,951€89,681€83,807€218,722€190,551€180,059€155,675€79,492▼ 48.9%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600€18,600=
Reserves13€34,351€71,081€65,207€200,122€171,951€161,459€137,075€60,892▼ 55.6%
Non-distributable reserves130/1---€1,860€1,860€1,860€0--
Reserves not available under the articles1311---€1,860€1,860€1,860€0--
Distributable reserves133---€198,262€170,091€159,599€137,075€60,892▼ 55.6%
Profit (loss) carried forward14---€0€0€0€0€0-
Amounts payable17/49€30,618€23,637€54,692€122,826€129,353€79,195€220,301€247,528▲ 12.4%
Amounts payable after more than one year17------€24,000€0▼ 100%
Financial debts170/4------€24,000€0▼ 100%
Amounts payable within one year42/48€30,618€23,637€54,692€121,259€128,191€79,195€196,301€247,528▲ 26.1%
Current portion of amounts payable after more than one year42-----€7,981€0--
Financial debts43-------€400-
Credit institutions430/8-------€400-
Trade debts44-€1,815€920€0-€10,124€4,305€4,476▲ 4.0%
Suppliers440/4---€0-€10,124€4,305€4,476▲ 4.0%
Taxes, remuneration and social security45---€41,259€46,758€8,052€7,083€17,067▲ 141%
Taxes450/3---€41,259€46,710€8,052€7,083€17,067▲ 141%
Remuneration and social security454/9----€48€0---
Other amounts payable47/48---€80,000€81,433€53,038€184,914€225,585▲ 22.0%
Accrued charges and deferred income492/3---€1,568€1,162€0---
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€9,643€50,729€44,126€214,914€29,830€26,508€151,075€38,817▼ 74.3%
+ Depreciation and write-downs630€1,438€1,330€3,494€3,106€3,120€3,046€4,988€4,853▼ 2.7%
Operating cash flow (approximation)€11,081€52,059€47,620€218,021€32,950€29,554€156,063€43,671▼ 72.0%
Investment in fixed assets (approximation)--€2,101-€11,736-€63,917€0-€15,947€1,990€0▼ 100%
Change in cash--€7,727€6,724€635€36,930-€40,753-€19,842-€10,040▲ 49.4%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 22-04-2026 2026-00084450 PDF
31-12-2024 micro format 05-08-2025 2025-00357749 PDF
31-12-2023 micro format 17-06-2024 2024-00133554 PDF
31-12-2022 micro format 27-07-2023 2023-00288259 PDF
31-12-2021 micro format 04-08-2022 2022-20273538 PDF
31-12-2020 micro format 29-07-2021 2021-43200060 PDF
31-12-2019 micro format 04-08-2020 2020-39100256 PDF
31-12-2018 abbreviated format 17-06-2019 2019-20000029 PDF
31-12-2017 micro format 13-06-2018 2018-18500548 PDF
31-12-2016 micro format 20-06-2017 2017-19500554 PDF

Show all 12 filings

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