GOOD DNJ
ActiveSummary
GOOD DNJ has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99,434 and a net result of €20,802. Equity remains stable across the filed financial years (±0.9% per year). Its solvency ranks better than 40% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, micro format
2025 annual accounts filed late (18 days) Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00404829.
Turnover
≈ €84,000
Estimated: probably between €45,000 and €210,000
EBIT margin
Not included in this filing
Net result
€20,802▲ 64.8%
2024 · €12,626
Working capital
-€282,305▲ 7.6%
2024 · -€305,597
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 151% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€18,220
2025
Net result€20,802
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€559,940
2025
Equity€99,434
2025
Debt€460,506
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€282,305
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)3.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency17.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.39
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€17,153-€24,096▲ 40.5%€4,128▼ 82.9%€6,817▲ 65.1%-€860€321€7,268▲ 23×€18,220▲ 151%
Net result€26,636-€28,765▲ 8.0%€3,077within the sector's middle half▼ 89.3%€6,152within the sector's middle half▲ 99.9%-€46,665below the sector's middle half€4,803within the sector's middle half€12,626within the sector's middle half▲ 163%€20,802within the sector's middle half▲ 64.8%
Equity€69,875-€98,639▲ 41.2%€101,716within the sector's middle half▲ 3.1%€107,868within the sector's middle half▲ 6.0%€61,203within the sector's middle half▼ 43.3%€66,006within the sector's middle half▲ 7.8%€78,632within the sector's middle half▲ 19.1%€99,434within the sector's middle half▲ 26.5%
Total assets€242,980-€258,340▲ 6.3%€351,092within the sector's middle half▲ 35.9%€356,824within the sector's middle half▲ 1.6%€372,256within the sector's middle half▲ 4.3%€387,430within the sector's middle half▲ 4.1%€504,769within the sector's middle half▲ 30.3%€559,940within the sector's middle half▲ 10.9%
Debt€173,105-€159,701▼ 7.7%€249,376▲ 56.2%€248,956▼ 0.2%€311,053▲ 24.9%€321,424▲ 3.3%€426,137▲ 32.6%€460,506▲ 8.1%
Working capital-€114,216--€94,361▲ 17.4%-€191,284below the sector's middle half▼ 103%-€191,258below the sector's middle half=-€297,542below the sector's middle half▼ 55.6%-€251,946below the sector's middle half▲ 15.3%-€305,597below the sector's middle half▼ 21.3%-€282,305below the sector's middle half▲ 7.6%
Solvency28.8%-38.2%▲ 9.4pp29.0%within the sector's middle half▼ 9.2pp30.2%within the sector's middle half▲ 1.3pp16.4%within the sector's middle half▼ 13.8pp17.0%within the sector's middle half▲ 0.6pp15.6%within the sector's middle half▼ 1.5pp17.8%within the sector's middle half▲ 2.2pp
Current ratio0.30-0.41▲ 0.100.23below the sector's middle half▼ 0.180.23below the sector's middle half=0.04below the sector's middle half▼ 0.190.22below the sector's middle half▲ 0.170.28below the sector's middle half▲ 0.070.39within the sector's middle half▲ 0.10
Return on assets (ROA)11.0%-11.1%▲ 0.2pp0.9%within the sector's middle half▼ 10.3pp1.7%within the sector's middle half▲ 0.8pp-12.5%below the sector's middle half▼ 14.3pp1.2%within the sector's middle half▲ 13.8pp2.5%within the sector's middle half▲ 1.3pp3.7%within the sector's middle half▲ 1.2pp
above
within
below
the middle half of NACE 68, Real estate 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.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €559,940
Fixed assets
€381,739 ▼ 0.6%
Current assets
€178,201 ▲ 47.8%
Equity and liabilities €559,940
Equity
€99,434 ▲ 26.5%
Debt
€460,506 ▲ 8.1%
Debt's share of the balance-sheet total falls from 84.4% to 82.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,710▲
2024 · €9,794
Cash flow
€23,292▲
2024 · €15,152
Debt to equity
4.63▼
2024 · 5.42
ROE
20.9%▲
2024 · 16.1%
Interest coverage
over 100▲
2024 · 80.94
Debt ≤ 1 year
€460,506▲
2024 · €426,137
Income taxes
€221▲
2024 · -€1,568
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €660 | - | - | €17 | €381 | €1,584 | €2,526 | €2,490 | ▼ 1.4% |
| Other operating charges640/8 | - | - | - | €593 | €884 | €1,117 | €1,128 | €1,051 | ▼ 6.8% |
| Gross operating margin9900 | €18,047 | €26,860 | €5,468 | €7,427 | €405 | €3,022 | €10,922 | €21,761 | ▲ 99.2% |
| Operating profit (loss)9901 | €17,153 | €24,096 | €4,128 | €6,817 | -€860 | €321 | €7,268 | €18,220 | ▲ 151% |
| Financial income75/76B | - | - | - | - | - | €4,567 | €3,911 | €2,917 | ▼ 25.4% |
| Recurring financial income75 | €11,500 | €6,500 | - | - | - | €4,567 | €3,911 | €2,917 | ▼ 25.4% |
| Financial charges65/66B | - | - | - | €401 | €43,325 | €275 | €121 | €114 | ▼ 5.8% |
| Recurring financial charges65 | €1,661 | €1,313 | €965 | €401 | €43,325 | €275 | €121 | €114 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €26,992 | €29,089 | €3,163 | €6,416 | -€44,185 | €4,613 | €11,058 | €21,023 | ▲ 90.1% |
| Income taxes67/77 | €356 | €324 | €86 | €264 | €2,480 | -€190 | -€1,568 | €221 | - |
| Profit (loss) for the period9904 | €26,636 | €28,765 | €3,077 | €6,152 | -€46,665 | €4,803 | €12,626 | €20,802 | ▲ 64.8% |
| Profit (loss) for the period to be appropriated9905 | €26,636 | €28,765 | €3,077 | €6,152 | -€46,665 | €4,803 | €12,626 | €20,802 | ▲ 64.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €242,980 | €258,340 | €351,092 | €356,824 | €372,256 | €387,430 | €504,769 | €559,940 | ▲ 10.9% |
| Fixed assets21/28 | €193,000 | €193,000 | €293,000 | €299,126 | €358,745 | €317,952 | €384,229 | €381,739 | ▼ 0.6% |
| Tangible fixed assets22/27 | - | - | - | €1,126 | €745 | €10,352 | €9,829 | €7,339 | ▼ 25.3% |
| Furniture and vehicles24 | - | - | - | €1,126 | €745 | €7,172 | €6,649 | €4,159 | ▼ 37.4% |
| Assets under construction and advance payments27 | - | - | - | - | - | €3,180 | €3,180 | €3,180 | = |
| Financial fixed assets28 | €193,000 | €193,000 | €293,000 | €298,000 | €358,000 | €307,600 | €374,400 | €374,400 | = |
| Current assets29/58 | €49,980 | €65,340 | €58,092 | €57,698 | €13,511 | €69,478 | €120,540 | €178,201 | ▲ 47.8% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €60,000 | €60,000 | €110,000 | ▲ 83.3% |
| Other amounts receivable291 | - | - | - | - | - | €60,000 | €60,000 | €110,000 | ▲ 83.3% |
| Amounts receivable within one year40/41 | €1 | €1 | - | €1,606 | €4,840 | - | €47,208 | €56,500 | ▲ 19.7% |
| Trade receivables40 | - | - | - | €1,606 | €4,840 | - | €7,208 | - | - |
| Other amounts receivable41 | - | - | - | - | - | - | €40,000 | €56,500 | ▲ 41.3% |
| Current investments50/53 | €48,214 | €48,214 | €48,214 | €48,214 | €5,220 | €5,220 | €5,220 | €5,220 | = |
| Cash at bank and in hand54/58 | €1,493 | €16,887 | €9,878 | €7,878 | €1,870 | €4,018 | €7,843 | €6,247 | ▼ 20.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,581 | €240 | €269 | €234 | ▼ 13.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €242,980 | €258,340 | €351,092 | €356,824 | €372,256 | €387,430 | €504,769 | €559,940 | ▲ 10.9% |
| Equity10/15 | €69,875 | €98,639 | €101,716 | €107,868 | €61,203 | €66,006 | €78,632 | €99,434 | ▲ 26.5% |
| Contributions10/11 | €389,450 | €389,450 | - | €389,450 | €389,450 | €100 | €100 | €100 | = |
| Reserves13 | - | - | - | - | - | €389,350 | €389,350 | €389,350 | = |
| Distributable reserves133 | - | - | - | - | - | €389,350 | €389,350 | €389,350 | = |
| Profit (loss) carried forward14 | -€319,575 | -€290,811 | -€287,734 | -€281,582 | -€328,247 | -€323,444 | -€310,818 | -€290,016 | ▲ 6.7% |
| Amounts payable17/49 | €173,105 | €159,701 | €249,376 | €248,956 | €311,053 | €321,424 | €426,137 | €460,506 | ▲ 8.1% |
| Amounts payable after more than one year17 | €8,909 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €164,196 | €159,701 | €249,376 | €248,956 | €311,053 | €321,424 | €426,137 | €460,506 | ▲ 8.1% |
| Trade debts44 | €252 | €565 | €1,572 | €4,842 | €3,615 | €4,064 | €13,299 | €7,569 | ▼ 43.1% |
| Suppliers440/4 | - | - | - | €4,842 | €3,615 | €4,064 | €13,299 | €7,569 | ▼ 43.1% |
| Taxes, remuneration and social security45 | - | - | - | €780 | €3,863 | €2,573 | €2,604 | €2,699 | ▲ 3.6% |
| Taxes450/3 | - | - | - | €780 | €3,863 | €2,573 | €2,604 | €2,699 | ▲ 3.6% |
| Other amounts payable47/48 | - | - | - | €243,334 | €303,575 | €314,787 | €410,234 | €450,238 | ▲ 9.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,636 | €28,765 | €3,077 | €6,152 | -€46,665 | €4,803 | €12,626 | €20,802 | ▲ 64.8% |
| + Depreciation and write-downs630 | €660 | - | - | €17 | €381 | €1,584 | €2,526 | €2,490 | ▼ 1.4% |
| Operating cash flow (approximation) | €27,296 | €28,765 | €3,077 | €6,169 | -€46,284 | €6,387 | €15,152 | €23,292 | ▲ 53.7% |
| Investment in fixed assets (approximation) | - | €0 | -€100,000 | -€6,143 | -€60,000 | €39,209 | -€68,803 | €0 | - |
| Change in cash | - | €15,394 | -€7,009 | -€2,000 | -€6,008 | €2,148 | €3,825 | -€1,596 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00404829 |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00254250 |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00450693 |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00344842 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20362750 |
| 31-12-2020 | micro format | 24-08-2021 | 2021-52900427 |
| 31-12-2019 | full format | 31-08-2020 | 2020-48700397 |
| 31-12-2018 | full format | 02-09-2019 | 2019-61600364 |
| 31-12-2017 | full format | 29-08-2018 | 2018-58000275 |
| 31-12-2016 | full format | 24-08-2017 | 2017-49300380 |
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Of the 7,222 active companies whose main activity is buying and selling of own real estate (NACE 68110), figures are known for 5,545. 3,783 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.