Summary
DICOGEL has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €26.09M and a net result of €546k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 61% of 845 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Axes, FY 2023 · tick = 2021
Profitability53▲+11
Solvency70▼-6
Growth39▲+13
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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 2023Solvency, return and age of the figures
Solvency
45.3%
Return on assets
0.9%
Age of the figures
36 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 05-04-2024, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
25 d early
2021
614 d late
2020
87 d late
2019
74 d late
2018
54 d late
2017
57 d late
2016
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€84.21M▲ 56.4%
2021 · €53.85M
2018: €65.95M
2019: €56.08M
2020: €48.17M
2021: €53.85M
2018 → 2023
EBIT margin
0.6%▲ 2.2pp
2021 · -1.6%
2018: 2.8%
2019: 0.9%
2020: -2.0%
2021: -1.6%
2018 → 2023
Net result
€546k
2021 · €-797k
2018: €1.46M
2019: €235k
2020: €-685k
2021: €-797k
2018 → 2023
Working capital
€11.18M▲ 14.1%
2021 · €9.80M
2018: €11.14M
2019: €10.38M
2020: €10.07M
2021: €9.80M
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212023Trend
Turnover€65.95M-€56.08M▼ 15.0%€48.17M▼ 14.1%€53.85M▲ 11.8%€84.21M▲ 56.4%
Equity€27.62M-€27.74M▲ 0.5%€26.95M▼ 2.9%€26.04M▼ 3.4%€26.09M▲ 0.2%
Operating result€1.85M-€489k▼ 73.6%€-939k€-840k▲ 10.6%€520k
Net result€1.46M-€235k▼ 83.9%€-685k€-797k▼ 16.4%€546k
Result per fiscal year
Operating resultNet result
The operating result is €520k in 2023, compared with €-840k in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €57.65M
Fixed assets
€19.34M ▼ 9.2%
Current assets
€38.31M ▲ 28.3%
Equity and liabilities €57.65M
Equity
€26.09M ▲ 0.2%
Provisions
€4.13M ▼ 14.7%
Debt
€27.43M ▲ 35.2%
Debt's share of the balance-sheet total rises from 39.6% to 47.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.66M▲
2021 · €893k
Cash flow
€3.68M▲
2021 · €936k
Current ratio
1.41▼
2021 · 1.49
Quick ratio
0.70▼
2021 · 0.80
Debt to equity
1.05▲
2021 · 0.78
ROE
2.1%▲
2021 · -3.1%
ROA
0.9%▲
2021 · -1.6%
Interest coverage
4.87▲
2021 · 4.01
Debt ≤ 1 year
€27.12M▲
2021 · €20.06M
Debt > 1 year
€0▼
2021 · €9k
Income taxes
€490k▲
2021 · €117k
Staff costs
€6.02M▲
2021 · €3.54M
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 · 2023 against 2021 · 88 lines
Balance sheet
Code20212023
Assets
Total assets20/58€51.16M€57.65M▲
Fixed assets21/28€21.30M€19.34M▼
Intangible fixed assets21€8k€0▼
Tangible fixed assets22/27€21.12M€19.17M▼
Land and buildings22€19.07M€17.20M▼
Plant, machinery and equipment23€1.98M€1.85M▼
Furniture and vehicles24€20k€123k▲
Leasing and similar rights25€45k€0▼
Financial fixed assets28€177k€177k=
Affiliated companies280/1€177k€177k=
Participating interests280€177k€177k=
Current assets29/58€29.86M€38.31M▲
Stocks and contracts in progress3€13.87M€19.24M▲
Stocks30/36€13.87M€19.24M▲
Raw materials and consumables30/31€255k€485k▲
Work in progress32€13.04M€18.11M▲
Finished goods33€570k€647k▲
Amounts receivable within one year40/41€14.65M€17.63M▲
Trade receivables40€7.33M€9.28M▲
Other amounts receivable41€7.32M€8.35M▲
Cash at bank and in hand54/58€792k€563k▼
Deferred charges and accrued income490/1€555k€870k▲
Equity and liabilities
Total equity and liabilities10/49€51.16M€57.65M▲
Equity10/15€26.04M€26.09M▲
Contributions10/11€695k€695k=
Capital10€695k€695k=
Issued capital100€695k€695k=
Reserves13€7.06M€6.09M▼
Non-distributable reserves130/1€70k€70k=
Legal reserve130€70k€70k=
Tax-exempt reserves132€6.68M€5.70M▼
Distributable reserves133€318k€318k=
Profit (loss) carried forward14€16.55M€17.77M▲
Investment grants15€1.73M€1.54M▼
Provisions and deferred taxes16€4.84M€4.13M▼
Deferred taxes168€4.84M€4.13M▼
Amounts payable17/49€20.29M€27.43M▲
Amounts payable after more than one year17€9k€0▼
Financial debts170/4€9k€0▼
Leasing and similar obligations172€9k€0▼
Amounts payable within one year42/48€20.06M€27.12M▲
Current portion of amounts payable after more than one year42€23k€0▼
Financial debts43€8.60M€10.24M▲
Credit institutions430/8€8.60M€10.24M▲
Trade debts44€7.81M€12.30M▲
Suppliers440/4€7.81M€12.30M▲
Taxes, remuneration and social security45€544k€1.03M▲
Taxes450/3€58k€499k▲
Remuneration and social security454/9€486k€532k▲
Other amounts payable47/48€3.09M€3.55M▲
Accrued charges and deferred income492/3€213k€307k▲
Income statement
Code20212023
Operating income70/76A€57.58M€91.62M▲
Turnover70€53.85M€84.21M▲
Change in stocks of work in progress, finished goods and contracts in progress71€1.39M€5.15M▲
Other operating income74€2.18M€2.26M▲
Non-recurring operating income76A€155k€100▼
Operating charges60/66A€58.42M€91.10M▲
Goods for resale, raw materials and consumables60€48.20M€73.30M▲
Purchases600/8€48.15M€73.53M▲
Change in stocks: decrease (increase)609€51k€-230k▼
Services and other goods61€4.32M€7.51M▲
Remuneration, social security and pensions62€3.54M€6.02M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.73M€3.14M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€625k€1.13M▲
Non-recurring operating charges66A€0€1▲
Operating profit (loss)9901€-840k€520k▲
Financial income75/76B€395k€675k▲
Recurring financial income75€395k€675k▲
Income from current assets751€280k€476k▲
Other financial income752/9€115k€199k▲
Financial charges65/66B€672k€871k▲
Recurring financial charges65€672k€871k▲
Debt charges650€222k€751k▲
Other financial charges652/9€450k€120k▼
Profit (loss) for the period before taxes9903€-1.12M€324k▲
Transfer from deferred taxes780€437k€712k▲
Income taxes67/77€117k€490k▲
Taxes670/3€117k€490k▲
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€-797k€546k▲
Transfer from tax-exempt reserves789€617k€975k▲
Profit (loss) for the period to be appropriated9905€-180k€1.52M▲
Appropriation of the result
Profit (loss) to be appropriated9906€16.55M€18.07M▲
Profit (loss) brought forward from the previous period14P€16.73M€16.55M▼
Profit to be distributed694/7-€300k
Directors or managers695-€300k
Social balance
Average headcount (FTE)908776.975.8▼
The notes to these accounts (75 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 614 days late
2023
30-09
Financial
Back to profitnet €546k
Net result €546k after 2 loss-making years.
2021
31-12
Financial
Weakest financial yearnet €-797k
Net result drops to €-797k, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 87 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 74 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 54 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
03-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 3 days late
2015
07-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 7 days late
2014
28-04
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Ardooie · 2 establishment units since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tombrugstraat 88850 ArdooieGround area
1.6 ha
Building footprint
30 m²
Volume, LiDAR
100 m³
Parcel 36001D0426/00D000, Flanders · tallest building 3.6 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Basséestraat(L), 7700 Mouscron
since 20012.016.629.109
DICOGEL
since 20022.145.929.812
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001D0426/00D000 | Flanders | 1.6 ha | 1 · 30 m² | 3.6 m · 1 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.
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Staden · LEI lapsed
controls
DICOGELBE 0419.748.791
Recognitions · licences · registrations
Food safety, FASFC
1 siteMouscron/Moeskroen2.016.629.109
Legal Entity Identifier
549300B88S5LOR66SH66
Similar companies · same sector, comparable size
Crop's Fruits
BE 0650.660.459
Wielsbeke · Eq €26.29M
Westfro
BE 0407.254.696
Staden · Eq €29.55M
HESBAYEFROST
BE 0427.405.457
Geer · Eq €32.95M
POMUNI FROZEN NV
BE 0421.257.340
Ranst · Eq €20.18M
CONSTELLATION COLD LOGISTICS MOUSCRON
BE 0471.742.573
Mouscron · Eq €20.17M
Of 30 companies in sector 10393 we hold annual accounts for 26. 20 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
Founded14-09-1979
Fiscal year end30-09
Activities, NACEBEL 2025
10393Manufacture of food products
10312Manufacture of food products
52100Warehousing and storage
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.