DISA

Active

Public limited companyfounded 198639 yrs activeRue d'Abhooz 31, 4040 Herstal, BelgiumKBO/BCE: BE 0429.979.818

Summary

DISA has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €830,703 and a net result of €9,251. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 27% of 1453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysis Watch Report Compare

DISAActiveChecked score 56/100

Risk analysis Report Compare

Checked score

Score 2025

56 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability69▲+13

Solvency36=

Growth68▲+17

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €45,000 at 30 days acceptable

Liquidity tight (current ratio 1.13 against 1.13 in 2024; short-term debt: 88.7% and cash: 0.1% of total assets), and 88.8% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Computer programming, consultancy and related activities (NACE 62)

about 64% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

11.2%

Return on assets

0.1%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

70 d early

2024

66 d early

2023

41 d early

2022

66 d early

2021

61 d early

2020

59 d early

2019

87 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 64 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 May (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

30-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

DISA was incorporated on 2 December 1986.¹ Revenue grew from EUR 329,284 in 2018 to EUR 424,065 in 2024 and headcount from 2 full-time equivalents in 2018 to 2 in 2025.²

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Financials · fiscal year 2025, full schema

In the rankings #1 oldest company in Herstal, Telecoms and IT sector #4 company by total assets in Herstal, Telecoms and IT sector #7 company by equity in Herstal, Telecoms and IT sector

Turnover

€424,065▲ 14.7%

2023 · €369,841

EBIT margin

2.3%▲ 1.8pp

2023 · 0.5%

Net result

€9,251▲ 15.2%

2024 · €8,032

Working capital

€832,757▲ 1.6%

2024 · €819,569

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Turnover€347,650▲ 2.2%€363,877▲ 4.7%€369,841▲ 1.6%€424,065▲ 14.7%

Operating result€13,867▲ 15.4%€8,919▼ 35.7%€1,912▼ 78.6%€9,822▲ 414%€11,859▲ 20.7%

Net result€11,950▲ 17.8%€6,161▼ 48.4%€6,123▼ 0.6%€8,032▲ 31.2%€9,251▲ 15.2%

EBIT margin4.0%▲ 0.5pp2.5%▼ 1.5pp0.5%▼ 1.9pp2.3%▲ 1.8pp

Equity€801,136▲ 1.5%€807,297▲ 0.8%€813,420▲ 0.8%€821,452▲ 1.0%€830,703▲ 1.1%

Total assets€6.7m▲ 3.4%€6.9m▲ 3.6%€6.9m▲ 0.2%€7.2m▲ 3.6%€7.4m▲ 2.9%

Debt€5.9m▲ 3.7%€6.1m▲ 4.0%€6.1m▲ 0.2%€6.4m▲ 3.9%€6.6m▲ 3.2%

Working capital€796,663▲ 1.7%€804,130▲ 0.9%€811,369▲ 0.9%€819,569▲ 1.0%€832,757▲ 1.6%

Solvency12.0%▼ 0.2pp11.6%▼ 0.3pp11.7%▲ 0.1pp11.4%▼ 0.3pp11.2%▼ 0.2pp

Current ratio1.14=1.13=1.13=1.13=1.13=

Return on assets (ROA)0.2%=0.1%▼ 0.1pp0.1%=0.1%=0.1%=

Staff (FTE)2=2=2=2=2=

above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 21% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €7.4m

100.0%

Fixed assets €2,729 ▲ 44.9%

Current assets €7.4m ▲ 2.9%

Equity and liabilities €7.4m

11%

88.8%

Equity €830,703 ▲ 1.1%

Debt €6.6m ▲ 3.2%

Debt's share of the balance-sheet total rises from 88.6% to 88.8%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€12,852▲

2024 · €10,939

Cash flow

€10,245▲

2024 · €9,149

Debt to equity

7.92▲

2024 · 7.76

ROE

1.1%▲

2024 · 1.0%

Interest coverage

7.10▼

2024 · 10.21

Debt ≤ 1 year

€6.6m▲

2024 · €6.4m

Income taxes

€806▲

2024 · €718

Staff costs

€223,778▲

2024 · €216,298

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.

Micro
20 years or older
solvency 10 to 30%
a profit under 5% of the balance sheet

1.1% went bankrupt

2.3% stopped otherwise

97% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%	1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,984 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Balance sheet Code20242025

Assets

Total assets20/58€7.2m€7.4m▲

Fixed assets21/28€1,883€2,729▲

Tangible fixed assets22/27€1,883€729▼

Furniture and vehicles24€1,883€729▼

Financial fixed assets28-€2,000

Current assets29/58€7.2m€7.4m▲

Amounts receivable within one year40/41€7.2m€7.4m▲

Trade receivables40€953,098€998,275▲

Other amounts receivable41€6.2m€6.4m▲

Cash at bank and in hand54/58€5,437€4,452▼

Deferred charges and accrued income490/1€110€0▼

Equity and liabilities

Total equity and liabilities10/49€7.2m€7.4m▲

Equity10/15€821,452€830,703▲

Contributions10/11€632,128€632,128=

Capital10€632,128€632,128=

Issued capital100€632,128€632,128=

Reserves13€104,115€104,115=

Non-distributable reserves130/1€104,115€104,115=

Legal reserve130€104,115€104,115=

Profit (loss) carried forward14€85,208€94,460▲

Amounts payable17/49€6.4m€6.6m▲

Amounts payable within one year42/48€6.4m€6.6m▲

Trade debts44€57,908€98,870▲

Suppliers440/4€57,908€98,870▲

Taxes, remuneration and social security45€6.3m€6.5m▲

Taxes450/3€6.3m€6.4m▲

Remuneration and social security454/9€35,957€32,137▼

Other amounts payable47/48€87€457▲

Accrued charges and deferred income492/3-€4,783

Income statement Code20242025

Turnover70€424,065-

Goods, raw materials, services and sundry goods60/61€161,176-

Remuneration, social security and pensions62€216,298€223,778▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,117€993▼

Other operating charges640/8€35,612€6,330▼

Non-recurring operating charges66A€40€302▲

Gross operating margin9900€262,889€243,262▼

Operating profit (loss)9901€9,822€11,859▲

Financial income75/76B-€8

Recurring financial income75-€8

Financial charges65/66B€1,071€1,810▲

Recurring financial charges65€1,071€1,810▲

Profit (loss) for the period before taxes9903€8,750€10,057▲

Income taxes67/77€718€806▲

Profit (loss) for the period9904€8,032€9,251▲

Profit (loss) for the period to be appropriated9905€8,032€9,251▲

Appropriation of the result

Profit (loss) to be appropriated9906€85,208€94,460▲

Profit (loss) brought forward from the previous period14P€77,176€85,208▲

Social balance

Average headcount (FTE)90872.02.0=

The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Turnover70	€347,650	€363,877	€369,841	€424,065	-	-
Non-recurring operating income76A	€1	-	€233	-	-	-
Goods, raw materials, services and sundry goods60/61	€148,889	€160,748	€153,162	€161,176	-	-
Remuneration, social security and pensions62	€178,671	€187,675	€206,774	€216,298	€223,778	▲ 3.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1,306	€1,306	€1,117	€1,117	€993	▼ 11.0%
Other operating charges640/8	€4,918	€5,018	€6,889	€35,612	€6,330	▼ 82.2%
Non-recurring operating charges66A	-	€210	€219	€40	€302	▲ 654%
Gross operating margin9900	€198,762	€203,129	€216,912	€262,889	€243,262	▼ 7.5%
Operating profit (loss)9901	€13,867	€8,919	€1,912	€9,822	€11,859	▲ 20.7%
Financial income75/76B	-	-	€5,863	-	€8	-
Recurring financial income75	-	-	€5,863	-	€8	-
Financial charges65/66B	€1,476	€2,310	€1,218	€1,071	€1,810	▲ 68.9%
Recurring financial charges65	€1,476	€2,310	€1,218	€1,071	€1,810	▲ 68.9%
Profit (loss) for the period before taxes9903	€12,391	€6,609	€6,557	€8,750	€10,057	▲ 14.9%
Income taxes67/77	€441	€449	€434	€718	€806	▲ 12.3%
Profit (loss) for the period9904	€11,950	€6,161	€6,123	€8,032	€9,251	▲ 15.2%
Profit (loss) for the period to be appropriated9905	€11,950	€6,161	€6,123	€8,032	€9,251	▲ 15.2%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€6.7m	€6.9m	€6.9m	€7.2m	€7.4m	▲ 2.9%
Fixed assets21/28	€4,473	€3,167	€2,050	€1,883	€2,729	▲ 44.9%
Tangible fixed assets22/27	€4,473	€3,167	€2,050	€1,883	€729	▼ 61.3%
Furniture and vehicles24	€4,473	€3,167	€2,050	€1,883	€729	▼ 61.3%
Financial fixed assets28	-	-	-	-	€2,000	-
Current assets29/58	€6.7m	€6.9m	€6.9m	€7.2m	€7.4m	▲ 2.9%
Amounts receivable within one year40/41	€6.7m	€6.9m	€6.9m	€7.2m	€7.4m	▲ 2.9%
Trade receivables40	€939,211	€1.0m	€871,832	€953,098	€998,275	▲ 4.7%
Other amounts receivable41	€5.7m	€5.9m	€6.1m	€6.2m	€6.4m	▲ 2.7%
Cash at bank and in hand54/58	€7,149	€5,015	€4,552	€5,437	€4,452	▼ 18.1%
Deferred charges and accrued income490/1	€526	-	-	€110	€0	▼ 100%
Equity and liabilities
Total equity and liabilities10/49	€6.7m	€6.9m	€6.9m	€7.2m	€7.4m	▲ 2.9%
Equity10/15	€801,136	€807,297	€813,420	€821,452	€830,703	▲ 1.1%
Contributions10/11	€632,128	€632,128	€632,128	€632,128	€632,128	=
Capital10	€632,128	€632,128	€632,128	€632,128	€632,128	=
Issued capital100	€632,128	€632,128	€632,128	€632,128	€632,128	=
Reserves13	€104,115	€104,115	€104,115	€104,115	€104,115	=
Non-distributable reserves130/1	€104,115	€104,115	€104,115	€104,115	€104,115	=
Legal reserve130	€104,115	€104,115	€104,115	€104,115	€104,115	=
Profit (loss) carried forward14	€64,893	€71,053	€77,176	€85,208	€94,460	▲ 10.9%
Amounts payable17/49	€5.9m	€6.1m	€6.1m	€6.4m	€6.6m	▲ 3.2%
Amounts payable within one year42/48	€5.9m	€6.1m	€6.1m	€6.4m	€6.6m	▲ 3.1%
Trade debts44	€102,179	€159,769	€1,144	€57,908	€98,870	▲ 70.7%
Suppliers440/4	€102,179	€159,769	€1,144	€57,908	€98,870	▲ 70.7%
Taxes, remuneration and social security45	€5.8m	€6.0m	€6.1m	€6.3m	€6.5m	▲ 2.5%
Taxes450/3	€5.8m	€5.9m	€6.1m	€6.3m	€6.4m	▲ 2.5%
Remuneration and social security454/9	€26,825	€31,587	€36,500	€35,957	€32,137	▼ 10.6%
Other amounts payable47/48	-	€37	€66	€87	€457	▲ 428%
Accrued charges and deferred income492/3	-	-	-	-	€4,783	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€11,950	€6,161	€6,123	€8,032	€9,251	▲ 15.2%
+ Depreciation and write-downs630	€1,306	€1,306	€1,117	€1,117	€993	▼ 11.0%
Operating cash flow (approximation)	€13,256	€7,467	€7,240	€9,149	€10,245	▲ 12.0%
Investment in fixed assets (approximation)	-	€0	€0	-€950	-€1,839	▼ 93.6%
Change in cash	-	-€2,134	-€463	€885	-€985	▼ 211%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-06

State Gazette act Reappointments: Jean Marc Wégria (director) and Arumugadas Kumaradas (director)

4 facts ▸

General meeting, 08-05-2026
Director reappointment, Jean Marc Wégria (director)
Director reappointment, Arumugadas Kumaradas (director)
Other statement, fin du mandat du commissaire, commissaire

22-05

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

26-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

20-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

26-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Highest result since 2018net €11,950 ▲17.8%

Operating result €13,867, net result €11,950, both a record.

02-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

05-05

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Weakest financial yearnet €5,803 ▼36.8%

Net result drops to €5,803, the lowest in the series; recovery starts the following year.

15-05

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

13-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

31-05

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 10 acts read

About the unread acts

Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 directors

Arumugadas Kumaradas

Director

Current

Jean Marc Wégria

Director

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Not every act has been read: a resignation may be missing here

9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Herstal · 1 establishment unit since 1991

seat establishment The establishment unit on the map

Ground area

7,839 m²

Building footprint

828 m²

Parcel 62312A0453/00W002, Wallonia. Linked by address, not a title deed.

47 companies at this address See who is registered here

1 establishment unit

DISA

Rue d'Abhooz 31, 4040 HerstalInsurance, reinsurance and pension funding, except compulsory social security

since 19912.033.816.816

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62312A0453/00W002	Wallonia	7,839 m²	1 · 828 m²	-

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2026, 2 in office

All 2 In office 2

Board
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Arumugadas Kumaradas	Director, already before 10-06-2026 to date
Jean Marc Wégria	Director, already before 10-06-2026 to date

See the board, name and seat on a given date →

Structure & network

Connections & network

2 current directors

Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

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Identification & contact

Identification

Legal formPublic limited company

Founded02-12-1986

Fiscal year end31-12

Activities, NACEBEL 2025

46643Wholesale of electrical equipment, including installation materials

62200Computer consultancy and computer facilities management

70200Business and other management consultancy

E-invoicing

Reachable via Peppol

Peppol ID 0208:0429979818

Also 9925:BE0429979818

Registered 25-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.