Discodan
ActiveSummary
Discodan has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.74M) and a net result of €-95k. Equity is shrinking by ~40.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36=
Solvency17▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.92 against 0.91 in 2024; short-term debt: 107.5% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-7.6%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-1.74M
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
on the day
2023
14 d early
2022
12 d early
2021
11 d early
2020
31 d late
2019
48 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-95k▼ 3.4%
2024 · €-92k
2018: €57k
2019: €-181k
2020: €-137k
2021: €-159k
2022: €-1.16M
2023: €-289k
2024: €-92k
2018 → 2025
Working capital
€-1.97M▼ 5.3%
2024 · €-1.87M
2018: €381k
2019: €205k
2020: €-166k
2021: €-319k
2022: €-1.50M
2023: €-1.79M
2024: €-1.87M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-103k-€-1.26M▼ 1,129%€-1.55M▼ 22.9%€-1.64M▼ 5.9%€-1.74M▼ 5.8%
Operating result€-75k-€-1.14M▼ 1,417%€-270k▲ 76.3%€-83k▲ 69.4%€-92k▼ 11.2%
Net result€-159k-€-1.16M▼ 629%€-289k▲ 75.1%€-92k▲ 68.3%€-95k▼ 3.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €92k in 2025 against €83k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.96M
Fixed assets
€240k =
Current assets
€22.72M ▲ 19.2%
Key figures and ratios
Solvency
-7.6%▲
2024 · -8.5%
Current ratio
0.92▲
2024 · 0.91
Quick ratio
0.16▲
2024 · 0.11
Debt to equity
-14.22▼
2024 · -12.76
ROA
-0.4%▲
2024 · -0.5%
Debt
€24.70M▲
2024 · €20.95M
Debt ≤ 1 year
€24.70M▲
2024 · €20.94M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€19.31M€22.96M▲
Fixed assets21/28€240k€240k=
Financial fixed assets28€240k€240k=
Current assets29/58€19.07M€22.72M▲
Stocks and contracts in progress3€16.77M€18.70M▲
Stocks30/36€16.77M€18.70M▲
Amounts receivable within one year40/41€2.20M€4.03M▲
Trade receivables40€451k€1.40M▲
Other amounts receivable41€1.75M€2.62M▲
Cash at bank and in hand54/58€100k€2k▼
Equity and liabilities
Total equity and liabilities10/49€19.31M€22.96M▲
Equity10/15€-1.64M€-1.74M▼
Contributions10/11€342k€342k=
Capital10€342k€342k=
Issued capital100€342k€342k=
Reserves13€736k€736k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Tax-exempt reserves132€203k€203k=
Distributable reserves133€528k€528k=
Profit (loss) carried forward14€-2.72M€-2.82M▼
Amounts payable17/49€20.95M€24.70M▲
Amounts payable within one year42/48€20.94M€24.70M▲
Trade debts44€3.90M€3.76M▼
Suppliers440/4€3.90M€3.76M▼
Advances received on contracts in progress46€7.89M€12.57M▲
Taxes, remuneration and social security45€36k€31k▼
Taxes450/3€36k€31k▼
Other amounts payable47/48€9.11M€8.33M▼
Accrued charges and deferred income492/3€8k€4k▼
Income statement
Code20242025
Other operating charges640/8€11k€2k▼
Gross operating margin9900€-72k€-90k▼
Operating profit (loss)9901€-83k€-92k▼
Financial income75/76B€11k€18k▲
Recurring financial income75€11k€18k▲
Financial charges65/66B€20k€20k▲
Recurring financial charges65€20k€20k▲
Profit (loss) for the period before taxes9903€-92k€-95k▼
Profit (loss) for the period9904€-92k€-95k▼
Profit (loss) for the period to be appropriated9905€-92k€-95k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2.72M€-2.82M▼
Profit (loss) brought forward from the previous period14P€-2.63M€-2.72M▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 11 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-1.16M
Net result drops to €-1.16M, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 48 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
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 8 acts read
About the unread acts
We know of 8 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
8 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, Aalst · 1 establishment unit since 1976
Ground area
2,671 m²
Building footprint
1,293 m²
Volume, LiDAR
11,874 m³
Parcel 41302C1234/00A002, Flanders · tallest building 15.4 m, ±3 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 establishment unit
BVBA DISCODAN
since 19762.012.412.577
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41302C1234/00A002 | Flanders | 2,671 m² | 1 · 1,293 m² | 15.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,093 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-06-1976
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.