DISTEGEM
ActiveSummary
DISTEGEM has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €573,228 and a net result of €799. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-1
Solvency94▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.95 in 2024; short-term debt: 28% and cash: 1.4% of total assets), and 31.4% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.6%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-04-2026, 99 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
99 d early
2024
1 d early
2023
7 d early
2022
2 d late
2021
12 d late
2020
9 d late
2019
6 d late
← 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 11 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · 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 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€573,228▲ 0.1%
2024 · €572,429
Total assets
€835,664▼ 4.8%
2024 · €877,416
Net result
€799▼ 89.0%
2024 · €7,243
Working capital
-€6,636▲ 45.6%
2024 · -€12,198
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Operating result€8,597▼ 85.6%€6,600▼ 23.2%€113,711▲ 1,623%€12,955▼ 88.6%€11,732▼ 9.4%
Net result€4,276within the sector's middle half▼ 89.2%€2,168within the sector's middle half▼ 49.3%€81,514above the sector's middle half▲ 3,660%€7,243within the sector's middle half▼ 91.1%€799within the sector's middle half▼ 89.0%
Equity€481,504above the sector's middle half▲ 0.9%€483,671above the sector's middle half▲ 0.5%€565,186above the sector's middle half▲ 16.9%€572,429above the sector's middle half▲ 1.3%€573,228above the sector's middle half▲ 0.1%
Total assets€740,085within the sector's middle half▲ 2.7%€732,393within the sector's middle half▼ 1.0%€829,316within the sector's middle half▲ 13.2%€877,416within the sector's middle half▲ 5.8%€835,664within the sector's middle half▼ 4.8%
Debt€224,038▲ 8.0%€215,806▼ 3.7%€204,401▼ 5.3%€246,885▲ 20.8%€234,403▼ 5.1%
Working capital-€154,426below the sector's middle half▼ 6,027%-€200,141below the sector's middle half▼ 29.6%-€52,417within the sector's middle half▲ 73.8%-€12,198within the sector's middle half▲ 76.7%-€6,636within the sector's middle half▲ 45.6%
Solvency65.1%above the sector's middle half▼ 1.1pp66.0%above the sector's middle half▲ 1.0pp68.2%above the sector's middle half▲ 2.1pp65.2%within the sector's middle half▼ 2.9pp68.6%above the sector's middle half▲ 3.4pp
Current ratio0.31below the sector's middle half▼ 0.680.07below the sector's middle half▼ 0.240.74within the sector's middle half▲ 0.670.95within the sector's middle half▲ 0.210.97within the sector's middle half▲ 0.02
Return on assets (ROA)0.6%within the sector's middle half▼ 4.9pp0.3%within the sector's middle half▼ 0.3pp9.8%above the sector's middle half▲ 9.5pp0.8%within the sector's middle half▼ 9.0pp0.1%within the sector's middle half▼ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €835,664
Fixed assets
€607,897 ▼ 5.4%
Current assets
€227,767 ▼ 2.9%
Equity and liabilities €835,664
Equity
€573,228 ▲ 0.1%
Provisions
€28,034 ▼ 51.8%
Debt
€234,403 ▼ 5.1%
Debt's share of the balance-sheet total falls from 28.1% to 28.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,017▼
2024 · €49,943
Cash flow
€37,084▼
2024 · €44,231
Debt to equity
0.41▼
2024 · 0.43
ROE
0.1%▼
2024 · 1.3%
Interest coverage
103.10▼
2024 · 108.51
Debt ≤ 1 year
€234,403▼
2024 · €246,885
Income taxes
€46,959▲
2024 · €10,549
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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%.
| 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 14,732 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,026 | €40,534 | €38,896 | €36,988 | €36,285 | ▼ 1.9% |
| Other operating charges640/8 | €5,798 | €7,115 | €10,007 | €9,225 | €9,515 | ▲ 3.1% |
| Gross operating margin9900 | €45,421 | €54,249 | €162,614 | €59,168 | €57,531 | ▼ 2.8% |
| Operating profit (loss)9901 | €8,597 | €6,600 | €113,711 | €12,955 | €11,732 | ▼ 9.4% |
| Financial income75/76B | €3,459 | €2,326 | - | €3,670 | €6,424 | ▲ 75.0% |
| Recurring financial income75 | €3,459 | €2,326 | - | €3,670 | €6,424 | ▲ 75.0% |
| Financial charges65/66B | €447 | €587 | €470 | €460 | €466 | ▲ 1.2% |
| Recurring financial charges65 | €447 | €587 | €470 | €460 | €466 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | €11,609 | €8,339 | €113,241 | €16,165 | €17,690 | ▲ 9.4% |
| Transfer from deferred taxes780 | €1,627 | €1,627 | €1,627 | €1,627 | €30,068 | ▲ 1,748% |
| Transfer to deferred taxes680 | - | - | €28,441 | - | - | - |
| Income taxes67/77 | €8,961 | €7,798 | €4,913 | €10,549 | €46,959 | ▲ 345% |
| Profit (loss) for the period9904 | €4,276 | €2,168 | €81,514 | €7,243 | €799 | ▼ 89.0% |
| Transfer from tax-exempt reserves789 | €13,633 | €13,633 | €13,633 | €13,633 | €98,956 | ▲ 626% |
| Transfer to tax-exempt reserves689 | - | - | €85,323 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €17,909 | €15,801 | €9,825 | €20,876 | €99,755 | ▲ 378% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €740,085 | €732,393 | €829,316 | €877,416 | €835,664 | ▼ 4.8% |
| Fixed assets21/28 | €670,472 | €716,728 | €677,332 | €642,729 | €607,897 | ▼ 5.4% |
| Tangible fixed assets22/27 | €670,472 | €716,728 | €677,332 | €642,729 | €607,897 | ▼ 5.4% |
| Land and buildings22 | €617,592 | €673,256 | €640,517 | €610,444 | €577,966 | ▼ 5.3% |
| Plant, machinery and equipment23 | €52,625 | €43,303 | €36,730 | €32,285 | €29,931 | ▼ 7.3% |
| Furniture and vehicles24 | €254 | €170 | €85 | - | - | - |
| Current assets29/58 | €69,613 | €15,665 | €151,984 | €234,687 | €227,767 | ▼ 2.9% |
| Amounts receivable within one year40/41 | €64,370 | €2,874 | - | - | €11,500 | - |
| Trade receivables40 | - | - | - | - | €11,500 | - |
| Other amounts receivable41 | €64,370 | €2,874 | - | - | - | - |
| Current investments50/53 | - | - | €110,000 | €220,000 | €203,798 | ▼ 7.4% |
| Cash at bank and in hand54/58 | €4,838 | €12,352 | €41,499 | €14,179 | €11,949 | ▼ 15.7% |
| Deferred charges and accrued income490/1 | €405 | €439 | €485 | €508 | €521 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €740,085 | €732,393 | €829,316 | €877,416 | €835,664 | ▼ 4.8% |
| Equity10/15 | €481,504 | €483,671 | €565,186 | €572,429 | €573,228 | ▲ 0.1% |
| Contributions10/11 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Reserves13 | €305,781 | €307,148 | €388,637 | €395,853 | €396,647 | ▲ 0.2% |
| Non-distributable reserves130/1 | €2,500 | €2,500 | - | - | - | - |
| Reserves not available under the articles1311 | €2,500 | €2,500 | - | - | - | - |
| Tax-exempt reserves132 | €161,281 | €147,648 | €219,337 | €205,703 | €106,747 | ▼ 48.1% |
| Distributable reserves133 | €142,000 | €157,000 | €169,300 | €190,150 | €289,900 | ▲ 52.5% |
| Profit (loss) carried forward14 | €51,776 | €52,577 | €52,602 | €52,629 | €52,634 | = |
| Provisions and deferred taxes16 | €34,543 | €32,916 | €59,729 | €58,102 | €28,034 | ▼ 51.8% |
| Deferred taxes168 | €34,543 | €32,916 | €59,729 | €58,102 | €28,034 | ▼ 51.8% |
| Amounts payable17/49 | €224,038 | €215,806 | €204,401 | €246,885 | €234,403 | ▼ 5.1% |
| Amounts payable within one year42/48 | €224,038 | €215,806 | €204,401 | €246,885 | €234,403 | ▼ 5.1% |
| Trade debts44 | - | €721 | €752 | €100 | €228 | ▲ 128% |
| Suppliers440/4 | - | €721 | €752 | €100 | €228 | ▲ 128% |
| Advances received on contracts in progress46 | €184,183 | €196,726 | €188,455 | €226,094 | €211,900 | ▼ 6.3% |
| Taxes, remuneration and social security45 | €33,345 | €7,798 | €4,913 | €9,448 | €11,032 | ▲ 16.8% |
| Taxes450/3 | €33,345 | €7,798 | €4,913 | €9,448 | €11,032 | ▲ 16.8% |
| Other amounts payable47/48 | €6,510 | €10,560 | €10,280 | €11,243 | €11,243 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,276 | €2,168 | €81,514 | €7,243 | €799 | ▼ 89.0% |
| + Depreciation and write-downs630 | €31,026 | €40,534 | €38,896 | €36,988 | €36,285 | ▼ 1.9% |
| Operating cash flow (approximation) | €35,302 | €42,702 | €120,411 | €44,231 | €37,084 | ▼ 16.2% |
| Investment in fixed assets (approximation) | - | -€86,790 | €500 | -€2,385 | -€1,453 | ▲ 39.1% |
| Change in cash | - | €7,514 | €29,147 | -€27,320 | -€2,230 | ▲ 91.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500,000Eq €565,186 ▲16.9%
4 profitable years in a row build equity to €565,186.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Back to profitnet €39,469
Net result €39,469 after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
31-12
Financial
Weakest financial yearnet -€50,934
Net result drops to -€50,934, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has 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
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven
Ground area
2,061 m²
Building footprint
166 m²
Volume, LiDAR
936 m³
Parcel 24483D0208/00P000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24483D0208/00P000 | Flanders | 2,060 m² | 1 · 166 m² | 7.5 m · 2 fl. |
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.
Similar companies · same sector, comparable size
DE KATHEDRAAL
BE 0446.132.296
Lier · Eq €572,340
Dr. Zahra Javdani, oftalmologie
BE 0508.734.910
Oud-Heverlee · Eq €574,421
V&V Handling
BE 0436.712.113
Overijse · Eq €571,942
SPOOR29
BE 0434.343.630
Ravels · Eq €574,729
IMMOBILIERE J.D.
BE 0450.533.920
Liège · Eq €574,771
Of 12,041 companies in sector 68203 we hold annual accounts for 6,007. 4,402 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-08-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435176246
Also
9925:BE0435176246
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.