DOGAN GROUP
ActiveSummary
DOGAN GROUP has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129,551 and a net result of €1,455. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 85% of 489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▲+39
Solvency100▲+31
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 3.56 against 1.6 in 2024; short-term debt: 24.4% and cash: 12.7% of total assets), and 24.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more 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
75.6%
Return on assets
0.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
30 d late
2023
219 d late
2022
65 d late
2021
128 d late
2020
159 d late
2019
126 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 108 days after the deadline; the sector median for financial year 2024 is 12 days after the deadline, and 56% 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 4 October (4 of the last 5 filed years within 63 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 company by equity in Zonhoven, Transport and storage sector
Equity
€129,551▲ 1.1%
2024 · €128,096
Total assets
€171,336▼ 41.5%
2024 · €293,057
Net result
€1,455
2024 · -€63,015
Working capital
€107,008▲ 8.6%
2024 · €98,513
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 53, Postal and courier 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€4,521▼ 83.3%-€8,106€41,537-€57,499€13,563
Net result€768within the sector's middle half▼ 92.6%-€8,623below the sector's middle half-€2,318within the sector's middle half▲ 73.1%-€63,015below the sector's middle half▼ 2,618%€1,455within the sector's middle half
Equity€201,935above the sector's middle half▲ 0.4%€193,312above the sector's middle half▼ 4.3%€191,110above the sector's middle half▼ 1.1%€128,096above the sector's middle half▼ 33.0%€129,551above the sector's middle half▲ 1.1%
Total assets€360,837above the sector's middle half▲ 24.5%€270,606above the sector's middle half▼ 25.0%€330,369above the sector's middle half▲ 22.1%€293,057above the sector's middle half▼ 11.3%€171,336within the sector's middle half▼ 41.5%
Debt€158,902▲ 79.4%€77,294▼ 51.4%€139,259▲ 80.2%€164,962▲ 18.5%€41,785▼ 74.7%
Working capital€163,189above the sector's middle half▲ 5.1%€144,870above the sector's middle half▼ 11.2%€152,371above the sector's middle half▲ 5.2%€98,513above the sector's middle half▼ 35.3%€107,008above the sector's middle half▲ 8.6%
Solvency56.0%within the sector's middle half▼ 13.5pp71.4%above the sector's middle half▲ 15.5pp57.8%within the sector's middle half▼ 13.6pp43.7%within the sector's middle half▼ 14.1pp75.6%above the sector's middle half▲ 31.9pp
Current ratio2.03within the sector's middle half▼ 0.732.87above the sector's middle half▲ 0.852.09within the sector's middle half▼ 0.781.60within the sector's middle half▼ 0.503.56above the sector's middle half▲ 1.96
Return on assets (ROA)0.2%within the sector's middle half▼ 3.4pp-3.2%below the sector's middle half▼ 3.4pp-0.7%within the sector's middle half▲ 2.5pp-21.5%below the sector's middle half▼ 20.8pp0.8%within the sector's middle half▲ 22.4pp
above
within
below
the middle half (P25 to P75) of NACE 53, Postal and courier 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 returns to profit in 2025: €13,563 after a loss of €57,499 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171,336
Fixed assets
€22,543 ▼ 23.8%
Current assets
€148,792 ▼ 43.5%
Equity and liabilities €171,336
Equity
€129,551 ▲ 1.1%
Debt
€41,785 ▼ 74.7%
Debt's share of the balance-sheet total falls from 56.3% to 24.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,988▲
2024 · -€48,342
Cash flow
€10,880▲
2024 · -€53,857
Debt to equity
0.32▼
2024 · 1.29
ROE
1.1%▲
2024 · -49.2%
Interest coverage
2.26▲
2024 · -8.76
Debt ≤ 1 year
€41,785▼
2024 · €164,962
Income taxes
€1,988
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 10,905 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €94,912 | €49,716 | €65,044 | €2,268 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,287 | €20,087 | €14,394 | €9,157 | €9,425 | ▲ 2.9% |
| Other operating charges640/8 | €18,798 | €8,398 | €1,733 | €1,132 | €8,804 | ▲ 678% |
| Gross operating margin9900 | €134,518 | €70,095 | €122,708 | -€44,942 | €31,793 | ▲ 171% |
| Operating profit (loss)9901 | €4,521 | -€8,106 | €41,537 | -€57,499 | €13,563 | ▲ 124% |
| Financial income75/76B | - | €3 | €0 | €3 | €55 | ▲ 1,522% |
| Recurring financial income75 | - | €3 | €0 | €3 | €55 | ▲ 1,522% |
| Financial charges65/66B | €3,753 | €519 | €10,502 | €5,519 | €10,175 | ▲ 84.4% |
| Recurring financial charges65 | €3,753 | €519 | €10,502 | €5,519 | €10,175 | ▲ 84.4% |
| Profit (loss) for the period before taxes9903 | €768 | -€8,623 | €31,036 | -€63,015 | €3,443 | ▲ 105% |
| Income taxes67/77 | - | - | €33,355 | - | €1,988 | - |
| Profit (loss) for the period9904 | €768 | -€8,623 | -€2,318 | -€63,015 | €1,455 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €768 | -€8,623 | -€2,318 | -€63,015 | €1,455 | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €360,837 | €270,606 | €330,369 | €293,057 | €171,336 | ▼ 41.5% |
| Fixed assets21/28 | €38,746 | €48,442 | €38,740 | €29,582 | €22,543 | ▼ 23.8% |
| Tangible fixed assets22/27 | €32,318 | €42,015 | €32,312 | €23,155 | €16,116 | ▼ 30.4% |
| Land and buildings22 | €11,835 | €10,436 | €9,037 | €7,638 | €6,240 | ▼ 18.3% |
| Plant, machinery and equipment23 | €2,480 | €1,183 | €955 | €427 | €70 | ▼ 83.7% |
| Furniture and vehicles24 | €18,003 | €30,395 | €22,320 | €15,089 | €9,807 | ▼ 35.0% |
| Leasing and similar rights25 | - | - | - | - | €0 | - |
| Financial fixed assets28 | €6,427 | €6,427 | €6,427 | €6,427 | €6,427 | = |
| Current assets29/58 | €322,091 | €222,164 | €291,630 | €263,475 | €148,792 | ▼ 43.5% |
| Amounts receivable within one year40/41 | €247,060 | €192,851 | €268,520 | €244,908 | €125,263 | ▼ 48.9% |
| Trade receivables40 | €40,945 | €67,936 | €118,324 | €180,284 | €45,842 | ▼ 74.6% |
| Other amounts receivable41 | €206,115 | €124,915 | €150,197 | €64,624 | €79,422 | ▲ 22.9% |
| Current investments50/53 | - | €518 | €518 | €518 | €518 | = |
| Cash at bank and in hand54/58 | €75,031 | €28,795 | €22,591 | €18,049 | €21,789 | ▲ 20.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,222 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €360,837 | €270,606 | €330,369 | €293,057 | €171,336 | ▼ 41.5% |
| Equity10/15 | €201,935 | €193,312 | €191,110 | €128,096 | €129,551 | ▲ 1.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €183,335 | €183,335 | €172,510 | €109,496 | €110,951 | ▲ 1.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €181,475 | €181,475 | €170,650 | €107,636 | €109,091 | ▲ 1.4% |
| Profit (loss) carried forward14 | - | -€8,623 | - | - | - | - |
| Amounts payable17/49 | €158,902 | €77,294 | €139,259 | €164,962 | €41,785 | ▼ 74.7% |
| Amounts payable within one year42/48 | €158,902 | €77,294 | €139,259 | €164,962 | €41,785 | ▼ 74.7% |
| Current portion of amounts payable after more than one year42 | €592 | €592 | €592 | - | - | - |
| Trade debts44 | €62,727 | €59,558 | €100,396 | €130,164 | €23,443 | ▼ 82.0% |
| Suppliers440/4 | €62,727 | €59,558 | €100,396 | €130,164 | €23,443 | ▼ 82.0% |
| Taxes, remuneration and social security45 | €84,764 | €17,027 | €15,671 | €12,197 | €18,342 | ▲ 50.4% |
| Taxes450/3 | €37,554 | €5,400 | €7,871 | €12,197 | €18,342 | ▲ 50.4% |
| Remuneration and social security454/9 | €47,210 | €11,628 | €7,800 | - | - | - |
| Other amounts payable47/48 | €10,819 | €116 | €22,600 | €22,600 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €768 | -€8,623 | -€2,318 | -€63,015 | €1,455 | ▲ 102% |
| + Depreciation and write-downs630 | €16,287 | €20,087 | €14,394 | €9,157 | €9,425 | ▲ 2.9% |
| Operating cash flow (approximation) | €17,055 | €11,465 | €12,076 | -€53,857 | €10,880 | ▲ 120% |
| Investment in fixed assets (approximation) | - | -€29,784 | -€4,691 | €0 | -€2,386 | - |
| Change in cash | - | -€46,236 | -€6,203 | -€4,543 | €3,740 | ▲ 182% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €1,455
Net result €1,455 after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.56
Current ratio from 1.60 to 3.56; short-term debt falls from €164,962 to €41,785.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 219 days late
2024
31-12
Financial
Weakest financial yearnet -€63,015
Net result drops to -€63,015, the lowest in the series; recovery starts the following year.
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 128 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 159 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 708 days late
2020
31-12
Financial
Equity above €200,000Eq €201,166 ▲5.4%
3 profitable years in a row build equity to €201,166.
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 126 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
06-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Zonhoven · 1 establishment unit since 2007
Ground area
496 m²
Building footprint
119 m²
Volume, LiDAR
1 m³
Parcel 71066B1210/00C000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Boskrekelstraat 21, 3520 Zonhoven
since 20072.175.331.896
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71066B1210/00C000 | Flanders | 496 m² | 1 · 119 m² | 0.1 m |
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.
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Of 4,920 companies in sector 53200 we hold annual accounts for 1,324. 991 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
Founded02-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887838822
Also
9925:BE0887838822
Registered
24-02-2025
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.