D.M. CONSTRUCT
ActiveSummary
D.M. CONSTRUCT has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €350,335 and a net result of €6,201. Equity has been stable since 2018 (±0.7% per year). Its solvency ranks better than 95% of 2,799 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-08-1997 Normal situation
- Activity
- General construction of residential buildings NACE 41001
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2023
- Establishment unit
- 2.086.018.058 6460 Chimay, since 22-04-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 28-04-2026
Board and ownership
- De Caluwé LynnDirector · since 23-11-2025
- DE CALUWE Mauritsannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €22,434
- ▲ 49.1%
- Turnover
- ≈ €280,000
- estimated
- Profit
- €6,201
- ▲ 673%
- Equity
- €350,335
- ▲ 1.8%
- Total assets
- €359,094
- ▲ 2.6%
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 40.98, cash €124,489Equity €350,335 (97.6% of total assets)Founded in 1997Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 92% of them on solvency, 93% on liquidity, 44% on profitability and 40% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 10 days before 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 (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 28 filings
Every figure per financial year
The operating result for 2025 is nearly 6.7 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €26,816 | - | - | - | - |
| Depreciation and write-downs of the year | €13,027 | €13,153 | €13,153 | €13,153 | €13,167 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,000 | €2,000 | €2,000 | €13,027 | €13,153 | €13,153 | €13,153 | €13,167 | ▲ 0.1% |
| Other operating charges640/8 | - | - | - | €138 | €123 | €383 | €588 | €573 | ▼ 2.6% |
| Gross operating margin9900 | €12,815 | €4,570 | €4,172 | €16,453 | €21,468 | €14,052 | €15,047 | €22,434 | ▲ 49.1% |
| Operating profit (loss)9901 | €10,494 | €2,401 | €2,015 | €3,289 | €8,192 | €516 | €1,305 | €8,694 | ▲ 566% |
| Recurring financial income75 | €0 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €187 | - | €359 | €202 | €235 | ▲ 16.3% |
| Recurring financial charges65 | €227 | €159 | €118 | €187 | - | €359 | €202 | €235 | ▲ 16.3% |
| Profit (loss) for the period before taxes9903 | €10,266 | €2,243 | €1,898 | €3,102 | €8,192 | €157 | €1,103 | €8,459 | ▲ 667% |
| Income taxes67/77 | €2,090 | €34 | €506 | €828 | €2,186 | €94 | €300 | €2,257 | ▲ 651% |
| Profit (loss) for the period9904 | €8,176 | €2,209 | €1,391 | €2,274 | €6,005 | €63 | €802 | €6,201 | ▲ 673% |
| Profit (loss) for the period to be appropriated9905 | €8,176 | €2,209 | €1,391 | €2,274 | €6,005 | €63 | €802 | €6,201 | ▲ 673% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €344,187 | €396,800 | €398,698 | €401,715 | €410,601 | €344,332 | €350,133 | €359,094 | ▲ 2.6% |
| Fixed assets21/28 | €4,000 | €40,950 | €38,950 | €52,740 | €39,587 | €26,433 | €13,280 | €113 | ▼ 99.1% |
| Tangible fixed assets22/27 | €4,000 | €40,950 | €38,950 | €52,740 | €39,587 | €26,433 | €13,280 | €113 | ▼ 99.1% |
| Plant, machinery and equipment23 | - | - | - | €13,960 | €10,470 | €6,980 | €3,490 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €38,780 | €29,116 | €19,453 | €9,790 | €113 | ▼ 98.8% |
| Current assets29/58 | €340,187 | €355,850 | €359,748 | €348,975 | €371,014 | €317,899 | €336,853 | €358,981 | ▲ 6.6% |
| Stocks and contracts in progress3 | €33,966 | €33,966 | €33,966 | €33,966 | €33,966 | €37,911 | €61,547 | €33,966 | ▼ 44.8% |
| Stocks30/36 | - | - | - | €33,966 | €33,966 | €33,966 | €33,966 | €33,966 | = |
| Contracts in progress37 | - | - | - | - | - | €3,945 | €27,581 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €30,767 | €212,662 | €226,668 | €230,837 | €231,752 | €211,513 | €204,880 | €200,526 | ▼ 2.1% |
| Trade receivables40 | - | - | - | €26,233 | €29,194 | €10,887 | €2,012 | €125 | ▼ 93.8% |
| Other amounts receivable41 | - | - | - | €204,603 | €202,558 | €200,626 | €202,868 | €200,401 | ▼ 1.2% |
| Cash at bank and in hand54/58 | €223,196 | €79,522 | €99,114 | €84,173 | €105,296 | €68,476 | €70,426 | €124,489 | ▲ 76.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €344,187 | €396,800 | €398,698 | €401,715 | €410,601 | €344,332 | €350,133 | €359,094 | ▲ 2.6% |
| Equity10/15 | €331,388 | €333,597 | €334,989 | €337,263 | €343,268 | €343,331 | €344,133 | €350,335 | ▲ 1.8% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €310,937 | €313,146 | €314,538 | €316,812 | €322,817 | €322,880 | €323,682 | €329,883 | ▲ 1.9% |
| Amounts payable17/49 | €12,799 | €63,203 | €63,709 | €64,452 | €67,332 | €1,001 | €5,999 | €8,760 | ▲ 46.0% |
| Amounts payable within one year42/48 | €12,799 | €63,203 | €63,709 | €64,452 | €67,332 | €1,001 | €5,999 | €8,760 | ▲ 46.0% |
| Trade debts44 | €42 | - | - | - | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €828 | €3,014 | €94 | €300 | €3,061 | ▲ 919% |
| Taxes450/3 | - | - | - | €828 | €3,014 | €94 | €300 | €3,061 | ▲ 919% |
| Other amounts payable47/48 | - | - | - | €63,624 | €64,318 | €907 | €5,699 | €5,699 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,176 | €2,209 | €1,391 | €2,274 | €6,005 | €63 | €802 | €6,201 | ▲ 673% |
| + Depreciation and write-downs630 | €2,000 | €2,000 | €2,000 | €13,027 | €13,153 | €13,153 | €13,153 | €13,167 | ▲ 0.1% |
| Operating cash flow (approximation) | €10,176 | €4,209 | €3,391 | €15,301 | €19,159 | €13,216 | €13,955 | €19,368 | ▲ 38.8% |
| Investment in fixed assets (approximation) | - | -€38,950 | €0 | -€26,816 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€143,674 | €19,592 | -€14,941 | €21,123 | -€36,820 | €1,951 | €54,063 | ▲ 28× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as D.M. CONSTRUCT has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of D.M. CONSTRUCT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 D.M. CONSTRUCT. 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.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-07-2026 | 2026-00325060 | |
| 31-12-2024 | full format | 14-07-2025 | 2025-00265686 | |
| 31-12-2023 | full format | 08-07-2024 | 2024-00219173 | |
| 31-12-2022 | full format | 28-07-2023 | 2023-00283085 | |
| 31-12-2021 | full format | 27-07-2022 | 2022-20229500 | |
| 31-12-2020 | micro format | 27-07-2021 | 2021-41800423 | |
| 31-12-2019 | full format | 17-07-2020 | 2020-31300501 | |
| 31-12-2018 | full format | 25-07-2019 | 2019-39100337 | |
| 31-12-2017 | full format | 31-08-2018 | 2018-57400063 | |
| 31-12-2016 | full format | 27-07-2017 | 2017-38000458 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerOwners 1
-
share not stated
Capital transactions
- 21-02-2024 Converted to unavailable equity · €20,451.22
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| De Caluwé Lynn |
|
| de Caluwé Maurice |
|
| Maurits DE CALUWE |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, personnes physiques ou morales, actionnaires ou non, L'assemblée qui nomme le ou les administrateurs fixe…”“Rémunération des administrateurs, L'assemblée générale décide si le mandat d'administrateur est ou non exercé gratuitement.”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Tous les frais de procédure et d’expertise étant pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Libérées à leur émission, en cas d’actionnaire unique-administrateur, ce dernier détermine librement, au fur et à mesure des besoins de la…”
Articles of association, deed of 21-02-2024 (in French)
Network & group
Connections & network
2 connected companiesThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
03-03
Gazette deed
Resignation: de Caluwé Maurice (director)Appointment: De Caluwé Lynn (director) · Director discharge4 points ▸
- Board meeting, 23-01-2026
- Director resignation, de Caluwé Maurice (director)
- Director discharge, de Caluwé Maurice
- Director appointment, De Caluwé Lynn (director)
21-02
Gazette deed
Change of role: DE CALUWÉ Maurits, from statutory manager to statutory directorAmendment of the articles · Capital conversion · Reserve release12 points ▸
- General meeting, 06-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, distribution future” (deed in French)
- Capital
- Director appointment, DE CALUWÉ Maurits (statutory director)
- Other provision, “ordre du jour” (deed in French)
- Other provision, “démissions et nominations” (deed in French)
- Director resignation, DE CALUWÉ Maurits (statutory manager)
- Director appointment, DE CALUWÉ Maurits (administrateur unique statutaire)
- Registered office clause, “6460 Chimay, La Fagne”, 6 (deed in French)
- Other provision, “établir et signer la coordination des statuts, conformément à la décision précédente, et d'assurer son dépôt au dossier de la société, mission au notaire” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- Toutes opérations généralement quelconques se rattachant à l’achat, la vente, 1’échange, la gestion, la mise en valeur, la prise ou la mise en location d'immeubles et notamment leur entretien, leur réparation, leur transformation, leur aménagement, leur démolition, leur restauration, ainsi que tous travaux d’expertise, de lotissement de promotion et de réalisation immobilière, de terrassements et de voirie, 1’achat, vente et la représentation de matériaux de construction
- Toutes opérations de prêt, d'assurances, de financement, d l expertise et de courtage
- Donner ou se faire donner toutes garanties en hypothèque, gage ou autrement, acheter, vendre, échanger, prendre ou donner à bail tous biens meubles ou immeubles
- Faire soit seule soit en participation avec d’autres sociétés ou avec des particuliers toutes opérations commerciales, industrielles, mobilières immobilières ou financières se rattachant directement ou indirectement à 1’objet social
- S’intéresser par voie d’apport, de fusion, de souscription d’actions, de commandite ou de toute autre manière dans toutes entreprises ou opérations belges ou étrangères dont le but se rattacherait à son objet social, ou qui serait utile au développement ou à l’amélioration de ses affaires
- Prendre toutes mesures pour sauvegarder ses droits
- Faire toutes opérations commerciales, industrielles, immobilières, mobilières ou financières, se rattachant directement ou indirectement à son objet social
- Tout travaux généraux de bâtiments, l'achat, la vente, l’import-export de tout matériel de construction, ainsi que tous travaux intérieurs et extérieurs de bâtiments
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0461.292.507
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56016A0045/00P000 | Wallonia | 6,055 m² | 1 · 125 m² | 7.9 m · 2 |