Equity
€494,493 ▲ 34.5%
D en M has made a profit without a break since 2022.
D en M
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €296,633 (2008)
€281,124▲ 52.5%
lowest -€226,791 (2013)
€126,781▲ 442%
peak €547,880 (2017)
€494,493▲ 34.5%
€678,967▼ 61.5%
peak 5 FTE (2016)
-not published
Board3 names since 2021
2 directorsDE NIL FREDDY and 1 other
Documentsfilings and deeds
30-08-202630 days late
2025abbreviated format
Gross margin from €184,360 to €281,124Result from €23,380 to €126,781New sole director 24-09Equity from €367,712 to €494,493Debts from €1.8m to €678,967
Key points
from the 2025 annual accountsResult
€126,781 ▲ 442%
The result rose in 2025: mostly from a one-off income of €143,190.
Turnover
≈ €800,000 estimated
The accounts state no turnover.
Staff
1.8 FTE from 5 in 2016
Between 2016 and 2025, 64% of the full-time equivalents disappeared.
Filings
35 annual accounts since 1991
Nine of the last ten came late. The 2018 accounts came latest: 61 days after the end of the period.
Position in the sector
€126,781
Higher net result than 87% of companies in food and beverage service. Sector median €10,329 · 4,832 companies.
Checked score
86
Excellent
Financially stronger than 64% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▼ -0.3 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.4%▼ -0.5 percentage points vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Last filed accounts filed 30 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €1.2m
Founded in 1991
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 56, micro). It does better than 61% of them on solvency, 51% on liquidity, 69% on profitability and 75% on growth.
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 very low class on 30-06-2025, 0.1% 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, 31,368 companies had the same profile as D en M has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of D en M itself: 0.4% 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 31,368 companies, not a prediction for D en M. 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 €40,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.33 (1.65 in 2024), below the usual 1.5. Short-term debt is 11.4% and cash 0.7% of total assets. 57.9% 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
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €494,493
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 days late
2024
29 days early
2023
60 days late
2022
30 days late
2021
19 days late
2020
31 days late
2019
61 days late
← 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 29 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
DN
DE NIL FREDDY
Director
- Sandra DE NIL all the sharesdeed of 24-09-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0442940701
New sole director
Sandra DE NIL appointed, Johan De Nil resigned · Sandra DE NIL holds all the shares · Gazette deed
First establishment
Josan Kinderland, Assesteenweg 398, Ternat
Incorporation
published on 29-01-1991 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| D en M Ternat | €1.2m | €281,124 | 42.1% | - |
| BONNEU Hamont-Achel | €1.2m | €268,002 | 60.1% | 5.7 |
| AUSTRALIAN HOME MADE ICE CREAM Ghent | €1.4m | €249,396 | 5.9% | 1 |
| LITANI Brussels | €1.2m | €356,850 | 59.8% | - |
| Huyze Bosmans Boortmeerbeek | €1.0m | €346,619 | -7.5% | - |
| BESTE FRIETJES Staden | €1.0m | €227,247 | 23.6% | 1 |
| FRIT'CITY Gembloux | €1.3m | €367,409 | 71.0% | - |
These companies have the same main activity as D en M: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €1m and €1.4m, founded between 1987 and 1998.
Official details
Source: KBO- Status
- Active since 11-01-1991Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 2 others
- Establishment unit
- 2.052.491.8881741 Ternat, since 12-08-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 20-02-2026
Insights on D en M
D en M files the abbreviated format. That format states no turnover. The gross margin rose from €210,708 in 2006 to €281,124 in 2025.
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 D en M
- What is the company number of D en M?
- The company number of D en M is 0442.940.701. The VAT number is the same number with BE in front: BE 0442.940.701.
- Where is D en M based?
- The registered office is at Assesteenweg 398, 1741 Ternat.Company details
- What does D en M do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of D en M?
- D en M is a public limited company (NV).
- When was D en M founded?
- D en M was founded on 11-01-1991.
- Is D en M still active?
- Yes, D en M is an active enterprise in the KBO register.
- How many employees does D en M have?
- D en M had an average of 1.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of D en M?
- The turnover in financial year 2025 is ≈ €800,000. This figure is estimated from the gross margin of €281,124 and 37 comparable companies (NACE 56112). It probably lies between €660,000 and €890,000.
- Is D en M profitable?
- In financial year 2025, D en M made a profit of €126,781.
- Where can I find the annual accounts of D en M?
- D en M filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of D en M due?
- D en M must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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