Equity
€585,927 ▲ 13.0%
DENDERMONDE INVESTMENT COMPANY has made a profit without a break since 2013.
DENDERMONDE INVESTMENT COMPANY
Lifetime
13 annual accounts with figures on one time axis, 14 filings since 2012peak €127,382 (2021)
€113,780
lowest -€25,059 (2012)
€102,196▲ 700%
peak €585,927 (2025)
€585,927▲ 13.0%
€918,463▼ 7.5%
peak 0.8 FTE (2020)
0 FTE
Board4 names since 2019
1 directorGibam
Owners2 names in the annual accounts
70%Gibam and 1 other
Documentsfilings and deeds
27-07-20264 days before the deadline
2025abbreviated format
Result from €12,782 to €102,196Dividend €35,000Equity from €518,731 to €585,927
Key points
from the 2025 annual accountsChecked score
85
Excellent
Financially stronger than 53% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.4 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.6%▼ -0.1 percentage points vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.4%▼ -0.2 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.3%▼ -0.1 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.22, cash €604
lowers risk
Size: total assets €1.5m
Founded in 2011
Figures for financial year 2025 (filed on 27-07-2026)
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 68, micro). It does better than 56% of them on solvency, 38% on liquidity, 47% on profitability and 69% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 17,811 companies had the same profile as DENDERMONDE INVESTMENT COMPANY has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of DENDERMONDE INVESTMENT COMPANY itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,448 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 17,811 companies, not a prediction for DENDERMONDE INVESTMENT COMPANY. 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 €45,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.22 (0.18 in 2024), below 1. Short-term debt is 19.4% and cash 0% of total assets. 61.1% 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 riskneutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
1 day early
2023
6 days early
2022
5 days early
2021
2 days early
2020
2 days early
2019
1 day 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 3 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 27 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Gibam 70%score 87equity €266,982 (2025) · 2025 annual accounts of Gibam
- VABOFF 15%equity €61,035 (2025) · 2025 annual accounts of VABOFF
Shares in 2 companies, DAB (Dendermonds Automobielbedrijf) and Cooremannekens
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0837830768
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Dendermonde
1 director appointed, 3 managers resigning
Resignations: DE OST Frank, MELS Bart and BECQUÉ Ben · Appointment: GIBAM (director) · Director discharge: DE OST Frank · General meeting of 28-06-2019 · Gazette deed
Incorporation
published on 26-07-2011 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DENDERMONDE INVESTMENT COMPANY Dendermonde | €1.5m | €113,780 | 38.9% | 0 |
| PatriNotas Ghent | €1.2m | €129,475 | 33.9% | 0 |
| MORON Schoten | €1.3m | €91,518 | 65.1% | 0 |
| IMMO WELTER Eeklo | €1.1m | €83,520 | 70.8% | 0 |
| CRONUS Sint-Niklaas | €1.7m | €93,425 | 59.3% | 0 |
| ART & CRAFT INVEST Ghent | €1.7m | €291,402 | 45.6% | 0 |
| EMTIMAX Waregem | €1.8m | €171,732 | 79.8% | 0 |
These companies have the same main activity as DENDERMONDE INVESTMENT COMPANY: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €1.1m and €1.8m, founded between 2005 and 2012.
Official details
Source: KBO- Status
- Active since 13-07-2011Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 5 others
- Establishment unit
- 2.201.472.1119200 Dendermonde, since 07-07-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €240,000estimated
- €1.5m▼ 0.5%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on DENDERMONDE INVESTMENT COMPANY
DENDERMONDE INVESTMENT COMPANY files the abbreviated format. That format states no turnover. The gross margin rose from €83,476 in 2012 to €113,780 in 2025.
The balance sheet grew most in 2023 through fixed assets, financed with long-term debt.
Gibam holds 70% of the shares.
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 DENDERMONDE INVESTMENT COMPANY
- What is the company number of DENDERMONDE INVESTMENT COMPANY?
- The company number of DENDERMONDE INVESTMENT COMPANY is 0837.830.768. The VAT number is the same number with BE in front: BE 0837.830.768.
- Where is DENDERMONDE INVESTMENT COMPANY based?
- The registered office is at Hoogveld 15, 9200 Dendermonde.Company details
- What does DENDERMONDE INVESTMENT COMPANY do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of DENDERMONDE INVESTMENT COMPANY?
- DENDERMONDE INVESTMENT COMPANY is a private limited company (BV).
- When was DENDERMONDE INVESTMENT COMPANY founded?
- DENDERMONDE INVESTMENT COMPANY was founded on 13-07-2011.
- Is DENDERMONDE INVESTMENT COMPANY still active?
- Yes, DENDERMONDE INVESTMENT COMPANY is an active enterprise in the KBO register.
- How many employees does DENDERMONDE INVESTMENT COMPANY have?
- DENDERMONDE INVESTMENT COMPANY had an average of 0.8 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of DENDERMONDE INVESTMENT COMPANY?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €113,780 and 33 comparable companies (NACE 681). It probably lies between €150,000 and €560,000. In financial year 2024 turnover was €234,000.
- Is DENDERMONDE INVESTMENT COMPANY profitable?
- In financial year 2025, DENDERMONDE INVESTMENT COMPANY made a profit of €102,196.
- Where can I find the annual accounts of DENDERMONDE INVESTMENT COMPANY?
- DENDERMONDE INVESTMENT COMPANY filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DENDERMONDE INVESTMENT COMPANY due?
- DENDERMONDE INVESTMENT COMPANY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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