Result
€79,467 €79,467
Back in profit in 2025, after a loss of €7,819 in 2024.
Driemo
Lifetime
18 annual accounts with figures on one time axis, 47 filings since 1977peak €4.9m (2011)
€950,079▼ 24.3%
lowest -€11,072 (2020)
€79,467▲ €87,286
peak €13.3m (2025)
€13.3m▲ 11.0%
€12.5m▲ 27.8%
peak 9 FTE (2021)
7.6 FTE▼ 8.4%
Board8 names since 2016
4 directorsDriegelinck Philippe and 3 others
Owners2 names in the annual accounts
consolidatesLOLITHO
Documentsfilings and deeds
18-09-202649 days late
2025financial year
Gross margin from €1.3m to €950,079Back to profit: €79,467Staff from 8.3 FTE to 7.6 FTEPower of attorney: Levi SANDERS 10-102 directors resigning, 2 reappointments 11-07Debts from €9.8m to €12.5m
Key points
from the 2025 annual accountsInvestments
€2.0m 4.5 × depreciation
Green is investment, beige is depreciation.
Staff
9 employees on 31-12-2025
In 2025, 384 short contracts started and 384 ended, on average 34 hours worked per contract. Staff averaged 7.6 full-time equivalents.
Filings
47 annual accounts since 1977
Six of the last ten came late. The 2025 accounts came latest: 49 days after the end of the period.
Restructuring
2026
Merger with IMMO DE LAAGTE. Merger on 21-05-2026.
Board
3 left
Directors left. Latest change 21-05-2026 · 4 in office.
Checked score
68
Healthy
Financially stronger than 36% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%lowest value
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.5%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%▲ +0.2 percentage points vs 05-2025
07-2025: 0.9%▲ +0.2 percentage points vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 1.0%▲ +0.1 percentage points vs 01-2026
03-2026: 0.9%▼ -0.1 percentage points vs 02-2026
04-2026: 1.0%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%▼ -0.1 percentage points vs 04-2026
06-2026: 1.5%▲ +0.6 percentage points vs 05-2026
07-2026: 1.7%▲ +0.2 percentage points vs 06-2026
08-2026: 2.2%▲ +0.5 percentage points vs 07-2026
09-2026: 2.3%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.7%▼ -1.6 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 49 days late; 2 of the last 3 accounts late
Liquidity: current ratio 1.92, cash €251,820
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Founded in 1969
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 57% of them on solvency, 33% on liquidity and 18% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as Driemo has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Driemo itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for Driemo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €900,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.92 (2.48 in 2024), above the usual 1.5. Short-term debt is 32.2% and cash 0.9% of total assets. However, 51.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 49 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
49 days late
2024
3 days late
2023
33 days late
2022
48 days late
2021
30 days late
2020
10 days late
2019
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Recent changes
Merger: DRIEMO takes over IMMO DE LAAGTE
Capital increase of €63,000 to €461,755.30 · Capital from €398,755.30 to €461,755.30 · Resignations: SEURYNCK Luc, SEURYNCK Marc and SEURYNCK Monique · General meeting of 16-04-2026 · Gazette deed
Environmental permit granted
Functiewijziging zonder verbouwingswerken · De Panne
Merger proposal: DRIEMO takes over IMMO DE LAAGTE
Resignations: SEURYNCK Luc, Marc and Monique · Appointment: DRIEGELINCK Philippe August Marie Paul (director) · echtgenoten DRIEGELINCK-DE VOS is a shareholder · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0406457615
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Driemo Izegem | €27.2m | €1.0m | 48.9% | 7.6 |
| ENTREPRISES JAZY Schaerbeek | €17.2m | €0.9m | 15.2% | 7.6 |
| INVESTPRO Mechelen | €24.5m | €0.8m | 99.1% | 8.4 |
| WONINGBOUW DOCKX Dessel | €18.6m | €0.7m | 21.9% | 10.4 |
| SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO Liège | €15.5m | €1.5m | 81.3% | 9.3 |
| LAMY CONSTRUCTION Dison | €18.3m | €2.1m | 29.3% | 7.3 |
| URBAIN BULTINCK Ghent | €52.5m | €0.5m | 27.1% | 9.1 |
These companies have the same main activity as Driemo: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €15m and €52m, founded between 1955 and 1990.
Official details
Source: KBO- Status
- Active since 19-03-1969Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers
- 323Building management, estate agents and domestic staff · annual accounts 31-10-2024
- Establishment units
- 2.223.612.2618870 Izegem, since 10-09-1970
- 2.223.616.0238660 De Panne, since 01-01-1985
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2025
Annual accounts 2025
- ≈ €2.0mestimated
- €27.2m
- Employeeson 31-12-2025
- 9
- Filing
- Filed on 18-09-2026
Insights on Driemo
Driemo has existed since 1969. The gross margin fell from €4.0m in 2023 to €1.3m in 2024.
LOLITHO holds 94.2% of the shares. In May 2026, three directors stepped down. In September 2022, the Official Gazette published the appointment of Driegelinck Philippe as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Driemo
- What is the company number of Driemo?
- The company number of Driemo is 0406.457.615. The VAT number is the same number with BE in front: BE 0406.457.615.
- Where is Driemo based?
- The registered office is at Egaalstraat 11, 8870 Izegem.Company details
- What does Driemo do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Driemo?
- Driemo is a public limited company (NV).
- When was Driemo founded?
- Driemo was founded on 19-03-1969.
- Is Driemo still active?
- Yes, Driemo is an active enterprise in the KBO register.
- How many employees does Driemo have?
- Driemo had an average of 7.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Driemo fall under?
- In its 31-10-2024 annual accounts, Driemo states joint committees 100 (Auxiliary committee for blue-collar workers), 200 (Auxiliary committee for white-collar workers) and 323 (Building management, estate agents and domestic staff).
- What is the turnover of Driemo?
- The turnover in financial year 2025 is ≈ €2.0m. This figure is estimated from the gross margin of €950,079 and 30 comparable companies (NACE 41001). It probably lies between €1.6m and €3.0m.
- Is Driemo profitable?
- In financial year 2025, Driemo made a profit of €79,467.
- Where can I find the annual accounts of Driemo?
- Driemo filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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