Dishy
ActiveSummary
The computed 12-month bankruptcy probability of Dishy is 3.1% (moderate). The annual accounts of Dishy for financial year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €59,122 and a net result of -€85,202. Its solvency ranks better than 33% of 542 sector peers (NACE 77, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €59,122
- Loss
- -€85,202
- Parent
- CUPNATION · 100%
- CUPNATIONManaging director · permanent representative Jurgen Bevers
Why 49raises riskFounded in 20231 change of registered office in 24 monthsLiquidity: current ratio 1.69, cash €6,882, halvedlowers riskFigures for financial year 2025 (filed 14-08-2026)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 77, micro): better than 43% on solvency, 37% on liquidity, 6% on profitability and 10% on growth.
The bankruptcy probability was computed on 30-10-2026 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
This company filed its last 2 accounts on average 18 days after the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Resignations: F.F.M. (director) and RENT SOLUTIONS…Permanent representatives: CHISTOPHE GEERAERTS, LUKAS…
Financials · financial year 2025, full format
2025 annual accounts filed late (12 days) Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00397636.
2024 to 2025, 2 financial years
The operating result turns negative in 2025: a loss of €80,075 after €26,175 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 77, Rental and leasing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,207 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 90.2% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,207 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €99,621 | €47,755 | ▼ 52.1% |
| Other operating charges640/8 | €6,917 | - | - |
| Non-recurring operating charges66A | - | €38,150 | - |
| Gross operating margin9900 | €132,713 | €5,829 | ▼ 95.6% |
| Operating profit (loss)9901 | €26,175 | -€80,075 | - |
| Financial income75/76B | €0 | - | - |
| Recurring financial income75 | €0 | - | - |
| Financial charges65/66B | €21,614 | €6,414 | ▼ 70.3% |
| Recurring financial charges65 | €21,614 | €6,414 | ▼ 70.3% |
| Profit (loss) for the period before taxes9903 | €4,561 | -€86,489 | - |
| Income taxes67/77 | €1,286 | -€1,286 | - |
| Profit (loss) for the period9904 | €3,275 | -€85,202 | - |
| Profit (loss) for the period to be appropriated9905 | €3,275 | -€85,202 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €478,467 | €221,737 | ▼ 53.7% |
| Fixed assets21/28 | €318,019 | €87,635 | ▼ 72.4% |
| Tangible fixed assets22/27 | €318,019 | €87,635 | ▼ 72.4% |
| Plant, machinery and equipment23 | €67,876 | €59,986 | ▼ 11.6% |
| Leasing and similar rights25 | €182,629 | - | - |
| Other tangible fixed assets26 | €67,514 | €27,649 | ▼ 59.0% |
| Current assets29/58 | €160,447 | €134,101 | ▼ 16.4% |
| Amounts receivable within one year40/41 | €115,325 | €127,219 | ▲ 10.3% |
| Trade receivables40 | €115,325 | €120,821 | ▲ 4.8% |
| Other amounts receivable41 | - | €6,398 | - |
| Cash at bank and in hand54/58 | €45,123 | €6,882 | ▼ 84.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €478,467 | €221,737 | ▼ 53.7% |
| Equity10/15 | €144,325 | €59,122 | ▼ 59.0% |
| Contributions10/11 | €141,050 | €141,050 | = |
| Capital10 | €141,050 | €141,050 | = |
| Issued capital100 | €141,050 | €141,050 | = |
| Reserves13 | €3,275 | €3,275 | = |
| Non-distributable reserves130/1 | €164 | €164 | = |
| Legal reserve130 | €164 | €164 | = |
| Distributable reserves133 | €3,111 | €3,111 | = |
| Profit (loss) carried forward14 | - | -€85,202 | - |
| Amounts payable17/49 | €334,142 | €162,615 | ▼ 51.3% |
| Amounts payable after more than one year17 | €187,830 | €41,392 | ▼ 78.0% |
| Financial debts170/4 | €187,830 | €41,392 | ▼ 78.0% |
| Amounts payable within one year42/48 | €146,312 | €79,366 | ▼ 45.8% |
| Current portion of amounts payable after more than one year42 | €68,038 | €29,030 | ▼ 57.3% |
| Trade debts44 | €72,156 | €45,675 | ▼ 36.7% |
| Suppliers440/4 | €72,156 | €45,675 | ▼ 36.7% |
| Advances received on contracts in progress46 | - | €4,661 | - |
| Taxes, remuneration and social security45 | €6,118 | - | - |
| Taxes450/3 | €6,118 | - | - |
| Accrued charges and deferred income492/3 | - | €41,857 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3,275 | -€85,202 | - |
| + Depreciation and write-downs630 | €99,621 | €47,755 | ▼ 52.1% |
| Operating cash flow (approximation) | €102,896 | -€37,448 | - |
| Investment in fixed assets (approximation) | - | €182,629 | - |
| Change in cash | - | -€38,241 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 12-08-2026 | 2026-00397636 |
| 31-12-2024 | abbreviated format | 24-08-2025 | 2025-00401264 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 to 2025 · 4 entries · €34,000 awarded · €34,000 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €0 | €12,500 |
| 2024 | 1 | €9,000 | €9,000 |
| 2023 | 1 | €25,000 | €12,500 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Day-to-day management 1
Permanent representatives 1
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| CUPNATION |
|
| Rent Solutions |
|
| F.F.M. |
|
Owners and capital
Owners
2 ownersChain of control
- CUPNATION
- Dishy
Highest known parent: CUPNATION. The sources do not say who stands above it.
Owners 2
- CUPNATIONparentSourceaccounts CUPNATION 2025100%
-
100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- RENT SOLUTIONS (BE 0783.805.530) 1,000 shares (100%)
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 25-06-2024 Capital reduction of €108,950 · to €141,050 · repaid to the shareholders
- 05-06-2023 Incorporation · €250,000 · 1,000 shares
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
03-07
Gazette deed
Resignations: F.F.M. (director) and RENT SOLUTIONS (director)Permanent representatives: CHISTOPHE GEERAERTS, LUKAS SWANNET and Jurgen Bevers · Appointment: Cupnation (director) · Registered-office move10 facts ▸
- General meeting, 30-04-2025
- Director resignation, F.F.M. (director)
- Permanent representative, CHISTOPHE GEERAERTS
- Director resignation, RENT SOLUTIONS (director)
- Permanent representative, LUKAS SWANNET
- Director appointment, Cupnation (director)
- Permanent representative, Jurgen Bevers
- Registered-office move, Lierselei 181, 2390 Malle
- Board meeting, 30-04-2025
- Director appointment, Cupnation (managing director)
25-06
Gazette deed
Capital & shares · Amendment of the articlesCapital decrease · Power of attorney4 facts ▸
- Capital decrease, €108,950
- Amendment of the articles, “Artikel 5” (deed in Dutch)
- Power of attorney
- Other provision, “één onderhandse volmacht, vertegenwoordiging enige aandeelhouder” (deed in Dutch)
05-06
Gazette deed
IncorporationAppointments: RENT SOLUTIONS (director) and F.F.M. (director) · Permanent representatives: Lukas Swannet and Christophe Geeraerts · Founder11 facts ▸
- Incorporation, “Dishy” (deed in Dutch)
- Founder, RENT SOLUTIONS
- Founding capital, €250,000
- Shareholding, 1000
- Capital, €250,000
- Director appointment, RENT SOLUTIONS (director (not named in the articles))
- Director appointment, F.F.M. (director (not named in the articles))
- Permanent representative, Lukas Swannet
- Permanent representative, Christophe Geeraerts
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en activiteiten door comparanten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Other provision, 1, “onderhandse volmacht” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11032D0666/00W000 | Flanders | 4,038 m² | 1 · 2,115 m² | 7.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het ontwikkelen van slimme digitale processen en instrumenten voor de circulaire keten,de ontwikkeling en productie van de bijbehorende…” (deed in Dutch)
13 activities (deed in Dutch)
- Het ontwikkelen van slimme digitale processen en instrumenten voor de circulaire keten,de ontwikkeling en productie van de bijbehorende hardware en het vermarkten ervan via commerciële afspraken en licentiedeals,zowel binnen als buiten de groep,in binnen- en buitenland.
- Het ontwikkelen en verdelen van herbruikbare verpakkingsmaterialen in de ruimste zin van het woord voor festivals en andere grote,middelgrote en kleine evenementen,alsook voor klein en grootschalige retail in voeding,catering en andere horeca en gelijkaardige diensten.
- Het reinigen,drogen,onderhouden en herstellen van herbruikbare verpakkingsmaterialen in de ruimste zin van het woord.Dit met om het even welke reinigingsmiddelen,zowel rechtstreeks als in de hoedanigheid van tussenpersoon,al dan niet door tussenkomst van derden,alsook de aankoop,de distributie en de verkoop van reinigingsmiddelen
- Het verhuren van alle roerende goederen ongeacht hun aard of samenstelling of afkomst en ongeacht het doel van de verhuring.Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en zakelijke rechten op roerende goederen,de huur en verhuur,de ruil,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het product.
- De verwerving,inbreng,ruiling,aankoop,verkoop,beheer van aandelenparticipaties,financieel vast actief en/of geldbeleggingen,alsook het participeren in andere bedrijven,handelszaken,projectvennootschappen,joint-ventures,vennootschappen,rechtspersonen,bij wijze van inbreng,overname,fusie,splitsing,inschrijving,geldschieting of op om het eender welke wijze belangen nemen,zelfs indien het doel ervan niet gelijkaardig is of geen verband toont met het voorwerp van de vennootschap,in het algemeen genoemd holdingactiviteiten;
- De aankoop,verkoop,beheer,(onder)verhuring of in (onder)huur nemen,ruiling,leasen of in leasing nemen,onroerende financieringshuur,toetreding in onverdeeldheden,de instandhouding,de exploitatie,oprichting,renovatie van alle soorten onroerende goederen,gebouwde of ongebouwde,en alle soorten verrichtingen inzake gebruiksrechten,genotsrechten of huurrechten met betrekking tot onroerende goederen of inzake onroerende zakelijke rechten,zoals vruchtgebruik,erfpacht en opstalrecht;
- De realisatie,commercialisering,deelname,ontwikkeling en de medewerking in de meest ruime zin van het woord aan eender projecten waarin vastgoed of onroerende zakelijke rechten begrepen zit;
- De coördinatie,de begeleiding,de supervisie en adviesverlening met betrekking tot o.m.het management van vennootschappen,elke vennootschapsrechtelijke herstructurering,waaronder fusies,splitsingen,ontbindingen,vereffeningen van vennootschappen,overnames,overdrachten van aandelen of handelsfondsen,beursintroducties,management buy-outs,crisismanagement,investeringen,bestuur van vennootschappen en alle gelijkaardige en/of aanverwante diensten en producten algemeen genoemd corporate finance,onder alle vormen te leveren,dit gekoppeld met alle verwante diensten.Zo zal de vennootschap op alle wijzen kunnen instaan,zo voor eigen rekening als voor rekening van derden,voor voorlichting,consultancy,controle,advies,onderricht enz.;
- Het aantrekken,zoeken van of bemiddeling bij kapitaalverschaffers en financiële partners,zowel onder de vorm van kapitaalverhoging,al dan niet achtergestelde obligatieleningen of private equity.
- De aanvaarding en uitoefening van alle opdrachten van bestuurder,zaakvoerder,vereffenaar,manager,adviseur en/of gelijkaardige mandaten,van lidmaatschappen in directiecomités en adviescomités,of van eender welke functie in eender welke binnenlandse of buitenlandse rechtspersoon,zelfs wanneer het maatschappelijk doel van voormelde binnenlandse of buitenlandse rechtspersoon geen rechtstreeks of onrechtstreeks verband houdt met het voorwerp van de vennootschap;
- Het ontwikkelen,ontwerpen,kopen,verkopen,commercialiseren,huren of verhuren,in licentie nemen of geven van eender welk intellectueel recht,zoals doch niet beperkt tot merken,tekeningen,logo's,octrooien,patenten,know-how,expertise of enig andere immateriële vaste activa;
- Alle roerende lichamelijke en onlichamelijke goederen,daarin begrepen effecten,warranten,inschrijvingsrechten,voorkeurrechten,voorkooprechten,volgrechten en portefeuillewaarden,al dan niet ter beurs genoteerd alsmede deelnemingen en onverdeelde rechten in handels- of burgerlijke vennootschappen,rechtspersonen of verenigingen verwerven,aankopen,verkopen,commercialiseren of ruilen of op een andere wijze vervreemden;
- Het verstrekken en opnemen van leningen,zowel aan de aandeelhouders,bestuurders als aan derden,het stellen en nemen van zekerheden,panden of eender welke waarborg in de meest ruime zin van het woord,het uitvoeren van alle financiële verrichtingen waarvoor geen vergunning of erkenning vereist is
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Dishy
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)“2550 Kontich, Herman De Nayerstraat 4” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “3, onbeperkt” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of June at 10:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vereffeningsprocedure met één of meerdere vereffenaars, bestuurder(s) in functie aangewezen als vereffenaar(s) krachtens statuten indien…” (deed in Dutch)