Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
DGS-8 Real Estate 2 from Liège, company number BE0659838540, closed financial year 2024 with a result of € -289,401 after tax. For that financial year DGS-8 Real Estate 2 recorded a gross margin of € 139,145 and equity of € -55,200. Compared with financial year 2023, the result moved from € 105,738 to € -289,401. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.
€ -55,200
▼ € 289,401 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -289,401
▼ still € 105,738 profit in 2023
Profit after tax over the fiscal year.
€ 3,016
▲ € 3,010 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -377,700.
People and assets in 2024
1
Average over the fiscal year, from the social balance sheet.
€ 49,064
▲ 6% vs 2023
€ 49,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 3.2 million
▼ 15% vs 2023
€ 2 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 236,272
▲ 30% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 7,345
▼ 40% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 471,938 | € 227,588 | € 580,287 | € 139,145 | ▼ 76% |
| Profit after taxes | € 40,376 | € -248,785 | € 105,738 | € -289,401 | ▼ € 395,139 |
| Equity | € 117,247 | € 128,463 | € 234,201 | € -55,200 | ▼ € 289,401 |
| Total debts | € 5,844,864 | € 6,167,038 | € 4,999,302 | € 4,712,386 | ▼ 6% |
| Cash | € 14,573 | - | € 6 | € 3,016 | ▲ € 3,010 |
| Land & buildings | € 5,474,274 | € 5,326,748 | € 3,770,199 | € 3,249,058 | ▼ 14% |
| Retained profit | € 54,747 | € -194,037 | € -88,299 | € -377,700 | ▼ € 289,401 |
| Bank debt | € 4,919,799 | € 5,063,707 | € 3,735,236 | € 3,173,786 | ▼ 15% |
| Balance sheet total | € 5,962,111 | € 6,295,500 | € 5,233,502 | € 4,657,186 | ▼ 11% |
| Employees (FTE) | - | - | - | 1 |
Key figures of DGS-8 Real Estate 2, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to DGS-8 Real Estate 2?
What happened at DGS-8 Real Estate 2 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DGS-8 REAL ESTATE SRL stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 289,401 (▼ € 395,139 vs 2023). filed late Source: NBB ↗
- DGS-8 REAL ESTATE SRL became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 40,376 profit in 2021 to € 289,401 loss in 2024.
Paid € 18,285 in corporate taxes since 2021.
Best year ever: 2023, with € 105,738 profit.
On average € 139,100 of value added per employee in 2024.
Management
The stake of DGS-8 Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DGS-8 Real Estate 2The shares are held by DGS-8 Group (100%). It owns 100% of DGS-8 REAL ESTATE 3 and 100% of DGS8-LOGISTICS itself.
Directors
According to the 2024 annual accounts
Director · represented by Samuel DI GIOVANNI
Also active at: PROTECTION UNIT MONITORING, PROTECTION UNIT ACADEMY, PROTECTION UNIT FLANDERS, PROTECTION UNIT AIRPORT, Protection UNIT Hospitality, Protection UNIT LOGISTICS, PROTECTION UNIT GROUP
since 2023 · until 2029
Shareholders
100%
Participations
100%
100%
Establishments
Establishment units
Physical locations of this company
Route du Condroz 119
4031 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →DGS-8 Real Estate 3 same network
€ -10,799 gross margin · 2024
DGS-8 Real Estate same network
€ 1 million gross margin · 2024
DGS-8 Logistics same network
€ -11,989 gross margin · 2024
DGS-8 Group same network
€ 130,000 revenue · 2024
Protection UNIT LOGISTICS same network
€ 1.2 million revenue · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0659.838.540
- VAT number
- BE 0659.838.540
- Registered office
- Route du Condroz 119, 4031 Liège
- Names & denominations
- DGS-8 Real Estate 2
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 July 2016
- Peppol
- Active · Active since 13 Jan 2026
- Activities · NACE
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