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BDMO

Active
Public limited companyfounded 198838 yrs activeAmbachtenlaan 43, 8760 Tielt, BelgiumKBO/BCE: BE 0433.157.656
Summary

BDMO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €669,418 and a net result of €228,652. Equity is shrinking by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 76 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability63▲+47
Solvency37▲+4
Growth49▲+16
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.04 in 2024; short-term debt: 76.7% and cash: 2.5% of total assets), and 88.5% of the assets are financed with debt.
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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 date
Age against the risk zone
highest failure risk from 2 to 8 years 38 years 0 40 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Manufacture of paper and paper products (NACE 17)
about 49% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
11.5%
Return on assets
3.9%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 76 sector peers (2025).
NBB · sector comparison
Position among 76 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 d early
2024
6 d early
2023
30 d late
2022
31 d late
2021
31 d late
2020
27 d late
2019
52 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 34% of the sector filed late.

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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 January 1988, BDMO was incorporated.1 Revenue went from EUR 11 million in 2018 to EUR 10 million in 2025 and headcount from 68.4 to 56.6 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€10.4m▼ 0.3%
2024 · €10.4m
EBIT margin
3.3%▲ 6.7pp
2024 · -3.3%
Net result
€228,652
2024 · -€503,496
Working capital
€432,247▲ 150%
2024 · €172,937
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 17, Manufacture of paper and paper products, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€10.4m▲ 21.7%€15.1m▲ 44.9%€11.4m▼ 24.4%€10.4m▼ 9.0%€10.4m▼ 0.3%
Operating result-€179,338▼ 429%€51,814-€842,868-€346,325▲ 58.9%€346,705
Net result-€168,108below the sector's middle half▼ 368%€6,557within the sector's middle half-€984,964below the sector's middle half-€503,496below the sector's middle half▲ 48.9%€228,652within the sector's middle half
EBIT margin-1.7%▼ 1.3pp0.3%▲ 2.1pp-7.4%▼ 7.7pp-3.3%▲ 4.0pp3.3%▲ 6.7pp
Equity€1.9mwithin the sector's middle half▼ 8.0%€1.9mwithin the sector's middle half▲ 0.3%€944,262below the sector's middle half▼ 51.1%€440,765below the sector's middle half▼ 53.3%€669,418below the sector's middle half▲ 51.9%
Total assets€8.2mwithin the sector's middle half▲ 14.1%€10.1mwithin the sector's middle half▲ 23.2%€7.3mwithin the sector's middle half▼ 27.5%€5.8mwithin the sector's middle half▼ 20.6%€5.8mwithin the sector's middle half=
Debt€6.3m▲ 23.3%€8.2m▲ 30.2%€6.4m▼ 22.0%€5.4m▼ 15.8%€5.1m▼ 4.3%
Working capital€1.9mwithin the sector's middle half▼ 8.9%€1.8mwithin the sector's middle half▼ 6.6%€654,243within the sector's middle half▼ 63.1%€172,937within the sector's middle half▼ 73.6%€432,247within the sector's middle half▲ 150%
Solvency23.5%below the sector's middle half▼ 5.7pp19.1%below the sector's middle half▼ 4.3pp12.9%below the sector's middle half▼ 6.2pp7.6%below the sector's middle half▼ 5.3pp11.5%below the sector's middle half▲ 3.9pp
Current ratio1.44within the sector's middle half▼ 0.171.28within the sector's middle half▼ 0.151.13within the sector's middle half▼ 0.151.04below the sector's middle half▼ 0.091.10within the sector's middle half▲ 0.06
Return on assets (ROA)-2.1%below the sector's middle half▼ 1.6pp0.1%within the sector's middle half▲ 2.1pp-13.5%below the sector's middle half▼ 13.5pp-8.7%below the sector's middle half▲ 4.8pp3.9%within the sector's middle half▲ 12.6pp
Staff (FTE)62.5within the sector's middle half▼ 10.2%65.5within the sector's middle half▲ 4.8%62.4within the sector's middle half▼ 4.7%57.3within the sector's middle half▼ 8.2%56.6within the sector's middle half▼ 1.2%
above within below the middle half (P25 to P75) of NACE 17, Manufacture of paper and paper products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€1.0m-€500,000€0€500,000Operating result 2021: -€179,338-€179,338Net result 2021: -€168,108-€168,108Operating result 2022: €51,814€51,814Net result 2022: €6,557€6,557Operating result 2023: -€842,868-€842,868Net result 2023: -€984,964-€984,964Operating result 2024: -€346,325-€346,325Net result 2024: -€503,496-€503,496Operating result 2025: €346,705€346,705Net result 2025: €228,652€228,65220212022202320242025-€1m-€500,000€0€500,000Operating result 2023: -€842,868-€843,000Net result 2023: -€984,964-€985,000Operating result 2024: -€346,325-€346,000Net result 2024: -€503,496-€503,000Operating result 2025: €346,705€347,000Net result 2025: €228,652€229,000202320242025
The operating result returns to profit in 2025: €346,705 after a loss of €346,325 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.8m
Fixed assets €921,290 ▼ 25.6%
Current assets €4.9m ▲ 6.9%
Equity and liabilities €5.8m
Equity €669,418 ▲ 51.9%
Provisions €3,750
Debt €5.1m ▼ 4.3%
Debt's share of the balance-sheet total falls from 92.4% to 88.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€728,312▲
2024 · €89,055
Cash flow
€610,259▲
2024 · -€68,116
Quick ratio
0.51▲
2024 · 0.41
Debt to equity
7.67▼
2024 · 12.17
ROE
34.2%▲
2024 · -114.2%
Interest coverage
5.67▲
2024 · 0.53
Debt ≤ 1 year
€4.5m▲
2024 · €4.4m
Debt > 1 year
€678,087▼
2024 · €966,394
Income taxes
€902▲
2024 · €723
Staff costs
€3.2m▼
2024 · €3.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 734 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
0.8% went bankrupt
1.4% stopped otherwise
97% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 734 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 90 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.8m€5.8m=
Fixed assets21/28€1.2m€921,290▼
Intangible fixed assets21€15,943€7,342▼
Tangible fixed assets22/27€1.2m€912,894▼
Land and buildings22€604,566€515,946▼
Plant, machinery and equipment23€98,063€76,396▼
Furniture and vehicles24€45,615€7,279▼
Leasing and similar rights25€472,465€313,273▼
Financial fixed assets28€1,054€1,054=
Other financial fixed assets284/8€1,054€1,054=
Shares284€1,054€1,054=
Amounts receivable and cash guarantees285/8€0-
Current assets29/58€4.6m€4.9m▲
Stocks and contracts in progress3€2.8m€2.6m▼
Stocks30/36€2.8m€2.6m▼
Raw materials and consumables30/31€785,676€639,674▼
Work in progress32€536,265€529,100▼
Finished goods33€1.4m€1.4m▼
Goods purchased for resale34€2,260€22,670▲
Amounts receivable within one year40/41€1.6m€2.1m▲
Trade receivables40€1.6m€2.1m▲
Other amounts receivable41€53,577€1,790▼
Current investments50/53-€3,750
Other investments51/53-€3,750
Cash at bank and in hand54/58€137,793€146,586▲
Deferred charges and accrued income490/1€32,978€35,637▲
Equity and liabilities
Total equity and liabilities10/49€5.8m€5.8m=
Equity10/15€440,765€669,418▲
Contributions10/11€686,913€686,913=
Capital10€686,913€686,913=
Issued capital100€686,913€686,913=
Reserves13€1.2m€1.2m=
Non-distributable reserves130/1€68,691€68,691=
Legal reserve130€68,691€68,691=
Tax-exempt reserves132€24,789€24,789=
Distributable reserves133€1.1m€1.1m=
Profit (loss) carried forward14-€1.5m-€1.3m▲
Provisions and deferred taxes16-€3,750
Provisions for liabilities and charges160/5-€3,750
Other liabilities and charges164/5-€3,750
Amounts payable17/49€5.4m€5.1m▼
Amounts payable after more than one year17€966,394€678,087▼
Financial debts170/4€966,394€678,087▼
Leasing and similar obligations172€341,275€177,437▼
Credit institutions173€625,118€500,650▼
Amounts payable within one year42/48€4.4m€4.5m▲
Current portion of amounts payable after more than one year42€381,424€298,128▼
Financial debts43€2.2m€2.9m▲
Credit institutions430/8€2.2m€2.9m▲
Trade debts44€1.3m€775,199▼
Suppliers440/4€1.3m€775,199▼
Advances received on contracts in progress46€9,468€7,270▼
Taxes, remuneration and social security45€522,224€510,190▼
Taxes450/3€95,568€103,684▲
Remuneration and social security454/9€426,656€406,507▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€3,484€2,282▼
Income statement Code20242025
Operating income70/76A€10.8m€10.7m▼
Turnover70€10.4m€10.4m▼
Change in stocks of work in progress, finished goods and contracts in progress71€83,082-€19,879▼
Other operating income74€225,955€325,891▲
Non-recurring operating income76A€138,476€0▼
Operating charges60/66A€11.2m€10.3m▼
Goods for resale, raw materials and consumables60€4.4m€4.3m▼
Purchases600/8€4.4m€4.2m▼
Change in stocks: decrease (increase)609-€24,796€125,592▲
Services and other goods61€2.9m€2.4m▼
Remuneration, social security and pensions62€3.4m€3.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€435,380€381,607▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4,777-€15,428▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€3,750
Other operating charges640/8€5,827€21,980▲
Non-recurring operating charges66A€28,837€28,778▼
Operating profit (loss)9901-€346,325€346,705▲
Financial income75/76B€21,981€23,003▲
Recurring financial income75€21,981€23,003▲
Income from current assets751€12,842€0▼
Other financial income752/9€9,139€23,003▲
Financial charges65/66B€178,430€140,155▼
Recurring financial charges65€178,430€140,155▼
Debt charges650€166,556€128,479▼
Other financial charges652/9€11,873€11,676▼
Profit (loss) for the period before taxes9903-€502,774€229,554▲
Income taxes67/77€723€902▲
Taxes670/3€723€902▲
Profit (loss) for the period9904-€503,496€228,652▲
Profit (loss) for the period to be appropriated9905-€503,496€228,652▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.5m-€1.3m▲
Profit (loss) brought forward from the previous period14P-€977,786-€1.5m▼
Social balance
Average headcount (FTE)908757.356.6▼

The notes to these accounts (109 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€11.0m€16.9m€11.0m€10.8m€10.7m▼ 1.6%
Turnover70€10.4m€15.1m€11.4m€10.4m€10.4m▼ 0.3%
Change in stocks of work in progress, finished goods and contracts in progress71-€237,200€1.4m-€617,409€83,082-€19,879▼ 124%
Other operating income74€501,479€366,462€209,095€225,955€325,891▲ 44.2%
Non-recurring operating income76A€308,886€15,152-€138,476€0▼ 100%
Operating charges60/66A€11.2m€16.9m€11.8m€11.2m€10.3m▼ 7.7%
Goods for resale, raw materials and consumables60€4.2m€8.4m€4.9m€4.4m€4.3m▼ 3.3%
Purchases600/8€4.4m€8.4m€4.8m€4.4m€4.2m▼ 6.7%
Change in stocks: decrease (increase)609-€164,120-€59,855€169,549-€24,796€125,592▲ 607%
Services and other goods61€3.0m€4.3m€3.1m€2.9m€2.4m▼ 15.2%
Remuneration, social security and pensions62€3.1m€3.5m€3.3m€3.4m€3.2m▼ 6.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€702,731€587,400€543,933€435,380€381,607▼ 12.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6,220-€24,534-€61,318-€4,777-€15,428▼ 223%
Provisions for liabilities and charges: additions (uses and reversals)635/8----€3,750-
Other operating charges640/8€20,227€23,860€6,883€5,827€21,980▲ 277%
Non-recurring operating charges66A€99,709€154,427€26,126€28,837€28,778▼ 0.2%
Operating profit (loss)9901-€179,338€51,814-€842,868-€346,325€346,705▲ 200%
Financial income75/76B€62,319€47,031€44,467€21,981€23,003▲ 4.6%
Recurring financial income75€62,319€47,031€44,467€21,981€23,003▲ 4.6%
Income from current assets751€32,672€27,827€26,400€12,842€0▼ 100%
Other financial income752/9€29,647€19,205€18,066€9,139€23,003▲ 152%
Financial charges65/66B€52,074€91,958€185,984€178,430€140,155▼ 21.5%
Recurring financial charges65€52,074€91,958€185,984€178,430€140,155▼ 21.5%
Debt charges650€40,772€81,774€175,705€166,556€128,479▼ 22.9%
Other financial charges652/9€11,302€10,185€10,279€11,873€11,676▼ 1.7%
Profit (loss) for the period before taxes9903-€169,093€6,887-€984,385-€502,774€229,554▲ 146%
Transfer from deferred taxes780€1,850€207----
Income taxes67/77€865€537€578€723€902▲ 24.8%
Taxes670/3€865€537€578€723€902▲ 24.8%
Profit (loss) for the period9904-€168,108€6,557-€984,964-€503,496€228,652▲ 145%
Transfer from tax-exempt reserves789€5,550€621----
Profit (loss) for the period to be appropriated9905-€162,558€7,178-€984,964-€503,496€228,652▲ 145%
Line20212022202320242025Change
Assets
Total assets20/58€8.2m€10.1m€7.3m€5.8m€5.8m=
Fixed assets21/28€1.9m€2.0m€1.6m€1.2m€921,290▼ 25.6%
Intangible fixed assets21€42,819€40,080€27,310€15,943€7,342▼ 53.9%
Tangible fixed assets22/27€1.9m€2.0m€1.6m€1.2m€912,894▼ 25.2%
Land and buildings22€689,822€788,110€693,186€604,566€515,946▼ 14.7%
Plant, machinery and equipment23€213,247€206,060€168,587€98,063€76,396▼ 22.1%
Furniture and vehicles24€75,354€129,628€108,600€45,615€7,279▼ 84.0%
Leasing and similar rights25€780,254€869,865€636,540€472,465€313,273▼ 33.7%
Assets under construction and advance payments27€124,146-----
Financial fixed assets28€310€310€1,363€1,054€1,054=
Other financial fixed assets284/8€310€310€1,363€1,054€1,054=
Shares284--€1,054€1,054€1,054=
Amounts receivable and cash guarantees285/8€310€310€310€0--
Current assets29/58€6.3m€8.1m€5.7m€4.6m€4.9m▲ 6.9%
Stocks and contracts in progress3€1.8m€3.3m€2.6m€2.8m€2.6m▼ 5.3%
Stocks30/36€1.8m€3.3m€2.6m€2.8m€2.6m▼ 5.3%
Raw materials and consumables30/31€732,170€896,020€754,798€785,676€639,674▼ 18.6%
Work in progress32€563,126€978,381€724,014€536,265€529,100▼ 1.3%
Finished goods33€511,900€1.5m€1.1m€1.4m€1.4m▼ 0.9%
Goods purchased for resale34€34,304-€8,343€2,260€22,670▲ 903%
Amounts receivable within one year40/41€4.0m€4.3m€2.7m€1.6m€2.1m▲ 27.1%
Trade receivables40€2.9m€3.3m€1.8m€1.6m€2.1m▲ 31.3%
Other amounts receivable41€1.1m€1.0m€860,869€53,577€1,790▼ 96.7%
Current investments50/53€1,054€1,054--€3,750-
Other investments51/53€1,054€1,054--€3,750-
Cash at bank and in hand54/58€315,292€334,273€334,726€137,793€146,586▲ 6.4%
Deferred charges and accrued income490/1€119,258€49,085€46,994€32,978€35,637▲ 8.1%
Equity and liabilities
Total equity and liabilities10/49€8.2m€10.1m€7.3m€5.8m€5.8m=
Equity10/15€1.9m€1.9m€944,262€440,765€669,418▲ 51.9%
Contributions10/11€686,913€686,913€686,913€686,913€686,913=
Capital10€686,913€686,913€686,913€686,913€686,913=
Issued capital100€686,913€686,913€686,913€686,913€686,913=
Reserves13€1.2m€1.2m€1.2m€1.2m€1.2m=
Non-distributable reserves130/1€68,691€68,691€68,691€68,691€68,691=
Legal reserve130€68,691€68,691€68,691€68,691€68,691=
Tax-exempt reserves132€25,410€24,789€24,789€24,789€24,789=
Distributable reserves133€1.1m€1.1m€1.1m€1.1m€1.1m=
Profit (loss) carried forward14-€7,178-€977,786-€1.5m-€1.3m▲ 15.4%
Provisions and deferred taxes16€207---€3,750-
Provisions for liabilities and charges160/5----€3,750-
Other liabilities and charges164/5----€3,750-
Deferred taxes168€207-----
Amounts payable17/49€6.3m€8.2m€6.4m€5.4m€5.1m▼ 4.3%
Amounts payable after more than one year17€1.9m€1.8m€1.3m€966,394€678,087▼ 29.8%
Financial debts170/4€1.9m€1.8m€1.3m€966,394€678,087▼ 29.8%
Leasing and similar obligations172€807,568€798,797€525,219€341,275€177,437▼ 48.0%
Credit institutions173€1.1m€1.0m€812,778€625,118€500,650▼ 19.9%
Amounts payable within one year42/48€4.4m€6.3m€5.0m€4.4m€4.5m▲ 1.3%
Current portion of amounts payable after more than one year42€453,422€537,876€504,457€381,424€298,128▼ 21.8%
Financial debts43€1.8m€3.7m€3.0m€2.2m€2.9m▲ 31.2%
Credit institutions430/8€1.8m€3.7m€3.0m€2.2m€2.9m▲ 31.2%
Trade debts44€1.6m€1.5m€1.0m€1.3m€775,199▼ 40.4%
Suppliers440/4€1.6m€1.5m€1.0m€1.3m€775,199▼ 40.4%
Advances received on contracts in progress46€25,257--€9,468€7,270▼ 23.2%
Taxes, remuneration and social security45€506,269€599,392€443,590€522,224€510,190▼ 2.3%
Taxes450/3€71,099€124,094€74,301€95,568€103,684▲ 8.5%
Remuneration and social security454/9€435,170€475,298€369,289€426,656€406,507▼ 4.7%
Other amounts payable47/48--€75,000€0--
Accrued charges and deferred income492/3€39,844€50,583€7,572€3,484€2,282▼ 34.5%
Line20212022202320242025Change
Profit (loss) for the period9904-€168,108€6,557-€984,964-€503,496€228,652▲ 145%
+ Depreciation and write-downs630€702,731€587,400€543,933€435,380€381,607▼ 12.4%
Operating cash flow (approximation)€534,623€593,957-€441,031-€68,116€610,259▲ 996%
Investment in fixed assets (approximation)--€695,503-€145,466-€37,499-€65,191▼ 73.8%
Change in cash-€18,981€453-€196,933€8,793▲ 104%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-09
State Gazette act Reappointment: AUDITAS BEDRIJFSREVISOREN (statutory auditor)
Power of attorney4 facts ▸
  • General meeting, 19-08-2026
  • Power of attorney, BV DECOSTERE ACCOUNTANCY AVELGEM
  • Power of attorney, Sofie LANNAU
  • Auditor reappointment, AUDITAS BEDRIJFSREVISOREN (statutory auditor)
13-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Back to profitnet €228,652
Net result €228,652 after 2 loss-making years.
31-12
Financial Equity above €500,000Eq €669,418 ▲51.9%
Equity rises from €440,765 to €669,418.
25-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial Weakest financial yearnet -€984,964
Net result drops to -€984,964, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial Back to profitnet €6,557
Net result €6,557 after 2 loss-making years.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
27-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
21-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 52 days late
Show earlier events
2019
31-12
Financial Highest result since 2018net €399,439 ▲77.7%
Operating result €524,778, net result €399,439, both a record.
31-12
Financial Equity above €2mEq €2.1m ▲23.1%
2 profitable years in a row build equity to €2.1m.
30-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 16 acts read
About the unread acts

Of the 16 Belgian State Gazette acts we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

Statutory auditor 1

Auditas Bedrijfsrevisoren
Statutory auditor · since 17-09-2026 · perm. rep.: Jens Vanden Driessche
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1.7 ha
Building footprint
8,018 m²
Parcel 37322C1960/00A000, Flanders. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Ambachtenlaan 43, 8760 Tielt
Manufacture of paper and paper products
since 20222.321.975.607
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
37322C1960/00A000 Flanders 1.7 ha 1 · 8,018 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

1 person since 2026, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
Auditas Bedrijfsrevisoren
  • Statutory auditor, from 17-09-2026 to date
See the board, name and seat on a given date →

Articles of association

Other statement
One provision in the deed

Structure & network

Owners and holdings

1 owner

Chain of control

  1. DUCAJU 100%
  2. BDMO

Highest known parent: DUCAJU. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of BDMO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 8 entries · 18,860 EUR awarded · 18,233 EUR paid
Year Entries awardedpaid
2025 3 5,502 EUR5,162 EUR
2024 3 4,867 EUR4,580 EUR
2023 1 1,102 EUR1,311 EUR
2022 1 7,389 EUR7,180 EUR
Schemes
4 entries · 9,936 EUR · 9,309 EUR paid · Fonds voor Innoveren en Ondernemen
2 entries · 7,561 EUR · 7,561 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen
2 entries · 1,363 EUR · 1,363 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site
Tielt2.321.975.607
1 permission
Fabrikant verpakkingsmateriaal · since 10-01-2022

Legal Entity Identifier

6994003FV5XCXRN1Y141
live in the LEI register

Similar companies · same sector, comparable size

Of 125 companies in sector 17120 we hold annual accounts for 93. 57 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded28-01-1988
Fiscal year end31-12
Activities, NACEBEL 2025
17120Manufacture of paper and paper products
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0433157656
Also 9925:BE0433157656
Registered 16-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.