D & M DRINKS
ActiveSummary
D & M DRINKS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €1.3m. Equity is growing by ~121.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+34
Solvency74▲+37
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.09 in 2024; short-term debt: 24.2% and cash: 2% of total assets), but 51% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49%
Return on assets
39.5%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-05-2026, 13 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
13 d late
2024
on the day
2023
on the day
2022
2 d early
2021
1 d early
2020
on the day
2019
on the day
← 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 1 day after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.6m▲ 416%
2024 · €309,936
Total assets
€3.3m▲ 30.2%
2024 · €2.5m
Net result
€1.3m▲ 1,608%
2024 · €75,588
Working capital
€638,913▲ 487%
2024 · €108,753
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Operating result€56,577▲ 58.3%€14,655▼ 74.1%€258,549▲ 1,664%€160,816▼ 37.8%€1.9m▲ 1,055%
Net result€37,205within the sector's middle half▲ 73.1%-€892below the sector's middle half€156,206within the sector's middle half€75,588within the sector's middle half▼ 51.6%€1.3mabove the sector's middle half▲ 1,608%
Equity€66,634below the sector's middle half▲ 126%€78,141below the sector's middle half▲ 17.3%€234,348within the sector's middle half▲ 200%€309,936within the sector's middle half▲ 32.3%€1.6mabove the sector's middle half▲ 416%
Total assets€1.0mwithin the sector's middle half▲ 17.1%€1.1mwithin the sector's middle half▲ 7.3%€2.1mwithin the sector's middle half▲ 86.6%€2.5mwithin the sector's middle half▲ 21.5%€3.3mabove the sector's middle half▲ 30.2%
Debt€964,977▲ 13.3%€1.0m▲ 6.6%€1.8m▲ 78.0%€2.2m▲ 20.1%€1.2m▼ 47.1%
Working capital€32,987below the sector's middle half▲ 566%€126,122within the sector's middle half▲ 282%€183,967within the sector's middle half▲ 45.9%€108,753within the sector's middle half▼ 40.9%€638,913within the sector's middle half▲ 487%
Solvency6.5%below the sector's middle half▲ 3.1pp7.1%below the sector's middle half▲ 0.6pp11.3%below the sector's middle half▲ 4.3pp12.4%below the sector's middle half▲ 1.0pp49.0%within the sector's middle half▲ 36.6pp
Current ratio1.07below the sector's middle half▲ 0.061.31within the sector's middle half▲ 0.241.22within the sector's middle half▼ 0.091.09below the sector's middle half▼ 0.131.81within the sector's middle half▲ 0.72
Return on assets (ROA)3.6%within the sector's middle half▲ 1.2pp-0.1%below the sector's middle half▼ 3.7pp7.6%within the sector's middle half▲ 7.6pp3.0%within the sector's middle half▼ 4.5pp39.5%above the sector's middle half▲ 36.5pp
Staff (FTE)2.8within the sector's middle half▼ 6.7%3.7within the sector's middle half▲ 32.1%10above the sector's middle half▲ 170%14above the sector's middle half▲ 40.0%16.8above the sector's middle half▲ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,055% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.3m
Fixed assets
€1.8m ▲ 61.3%
Current assets
€1.4m ▲ 4.4%
Equity and liabilities €3.3m
Equity
€1.6m ▲ 416%
Provisions
€503,666
Debt
€1.2m ▼ 47.1%
Debt's share of the balance-sheet total falls from 87.6% to 35.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.1m▲
2024 · €279,214
Cash flow
€1.6m▲
2024 · €193,986
Quick ratio
0.55▲
2024 · 0.35
Debt to equity
0.73▼
2024 · 7.09
ROE
80.6%▲
2024 · 24.4%
Interest coverage
33.70▲
2024 · 5.17
Debt ≤ 1 year
€789,720▼
2024 · €1.3m
Debt > 1 year
€372,699▼
2024 · €937,309
Income taxes
€108▼
2024 · €31,657
Staff costs
€783,612▲
2024 · €591,073
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,781 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,079 | €2.0m | ▲ 186,752% |
| Remuneration, social security and pensions62 | €84,087 | €136,189 | €401,500 | €591,073 | €783,612 | ▲ 32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,952 | €38,516 | €96,454 | €118,398 | €272,865 | ▲ 130% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €10,614 | - |
| Other operating charges640/8 | €5,717 | €4,219 | €11,718 | €13,204 | €46,821 | ▲ 255% |
| Non-recurring operating charges66A | - | - | - | €25,006 | €3,756 | ▼ 85.0% |
| Gross operating margin9900 | €181,333 | €193,579 | €768,221 | €908,497 | €3.0m | ▲ 227% |
| Operating profit (loss)9901 | €56,577 | €14,655 | €258,549 | €160,816 | €1.9m | ▲ 1,055% |
| Financial income75/76B | €83 | €58 | €36 | €443 | €1,089 | ▲ 146% |
| Recurring financial income75 | €83 | €58 | €36 | €443 | €1,089 | ▲ 146% |
| Financial charges65/66B | €12,764 | €15,606 | €43,604 | €54,014 | €63,196 | ▲ 17.0% |
| Recurring financial charges65 | €12,764 | €15,606 | €43,604 | €54,014 | €63,196 | ▲ 17.0% |
| Profit (loss) for the period before taxes9903 | €43,896 | -€892 | €214,981 | €107,245 | €1.8m | ▲ 1,573% |
| Transfer to deferred taxes680 | - | - | - | - | €503,666 | - |
| Income taxes67/77 | €6,691 | - | €58,775 | €31,657 | €108 | ▼ 99.7% |
| Profit (loss) for the period9904 | €37,205 | -€892 | €156,206 | €75,588 | €1.3m | ▲ 1,608% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €1.5m | - |
| Profit (loss) for the period to be appropriated9905 | €37,205 | -€892 | €156,206 | €75,588 | -€220,152 | ▼ 391% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.1m | €2.1m | €2.5m | €3.3m | ▲ 30.2% |
| Fixed assets21/28 | €525,024 | €570,572 | €1.0m | €1.1m | €1.8m | ▲ 61.3% |
| Intangible fixed assets21 | €1,150 | €550 | €386,226 | €394,450 | €346,616 | ▼ 12.1% |
| Tangible fixed assets22/27 | €523,874 | €570,022 | €642,740 | €745,375 | €1.5m | ▲ 100% |
| Land and buildings22 | €453,902 | €439,489 | €430,000 | €415,336 | €1.1m | ▲ 159% |
| Plant, machinery and equipment23 | €29,657 | €25,018 | €99,490 | €124,244 | €101,082 | ▼ 18.6% |
| Furniture and vehicles24 | €40,315 | €105,515 | €112,333 | €130,748 | €124,155 | ▼ 5.0% |
| Leasing and similar rights25 | - | - | - | €36,112 | €142,181 | ▲ 294% |
| Other tangible fixed assets26 | - | - | €917 | €38,935 | €49,200 | ▲ 26.4% |
| Current assets29/58 | €506,586 | €536,625 | €1.0m | €1.4m | €1.4m | ▲ 4.4% |
| Stocks and contracts in progress3 | €305,853 | €316,721 | €672,317 | €923,586 | €997,362 | ▲ 8.0% |
| Stocks30/36 | €305,853 | €316,721 | €672,317 | €923,586 | €997,362 | ▲ 8.0% |
| Amounts receivable within one year40/41 | €157,125 | €179,703 | €293,552 | €356,824 | €333,956 | ▼ 6.4% |
| Trade receivables40 | €116,897 | €126,865 | €244,334 | €310,492 | €230,962 | ▼ 25.6% |
| Other amounts receivable41 | €40,227 | €52,838 | €49,218 | €46,331 | €102,994 | ▲ 122% |
| Current investments50/53 | €22,080 | €30,360 | €33,120 | €33,120 | €33,120 | = |
| Cash at bank and in hand54/58 | €21,528 | €9,842 | €37,679 | €42,446 | €64,195 | ▲ 51.2% |
| Deferred charges and accrued income490/1 | - | - | - | €13,037 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €2.1m | €2.5m | €3.3m | ▲ 30.2% |
| Equity10/15 | €66,634 | €78,141 | €234,348 | €309,936 | €1.6m | ▲ 416% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €60,434 | €60,434 | €215,748 | €291,336 | €1.6m | ▲ 443% |
| Non-distributable reserves130/1 | €87 | €87 | €87 | - | - | - |
| Reserves not available under the articles1311 | €87 | €87 | €87 | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €1.5m | - |
| Distributable reserves133 | €60,347 | €60,347 | €215,661 | €291,336 | €71,184 | ▼ 75.6% |
| Profit (loss) carried forward14 | - | -€892 | - | - | - | - |
| Provisions and deferred taxes16 | - | - | - | - | €503,666 | - |
| Deferred taxes168 | - | - | - | - | €503,666 | - |
| Amounts payable17/49 | €964,977 | €1.0m | €1.8m | €2.2m | €1.2m | ▼ 47.1% |
| Amounts payable after more than one year17 | €490,870 | €616,629 | €975,819 | €937,309 | €372,699 | ▼ 60.2% |
| Financial debts170/4 | €490,870 | €616,629 | €975,819 | €937,309 | €372,699 | ▼ 60.2% |
| Amounts payable within one year42/48 | €473,599 | €410,504 | €852,700 | €1.3m | €789,720 | ▼ 37.3% |
| Current portion of amounts payable after more than one year42 | €140,052 | €147,817 | €346,734 | €592,333 | €272,161 | ▼ 54.1% |
| Financial debts43 | - | - | - | €29,768 | €784 | ▼ 97.4% |
| Credit institutions430/8 | - | - | - | €26,944 | - | - |
| Other loans439 | - | - | - | €2,824 | €784 | ▼ 72.2% |
| Trade debts44 | €199,402 | €249,812 | €386,883 | €525,956 | €392,704 | ▼ 25.3% |
| Suppliers440/4 | €199,402 | €249,812 | €386,883 | €525,956 | €392,704 | ▼ 25.3% |
| Taxes, remuneration and social security45 | €13,905 | €12,875 | €119,083 | €112,201 | €121,108 | ▲ 7.9% |
| Taxes450/3 | €7,429 | €1,171 | €72,508 | €42,703 | €19,817 | ▼ 53.6% |
| Remuneration and social security454/9 | €6,476 | €11,704 | €46,575 | €69,498 | €101,291 | ▲ 45.7% |
| Other amounts payable47/48 | €120,239 | - | - | - | €2,963 | - |
| Accrued charges and deferred income492/3 | €508 | €1,923 | €2,766 | €1,333 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,205 | -€892 | €156,206 | €75,588 | €1.3m | ▲ 1,608% |
| + Depreciation and write-downs630 | €34,952 | €38,516 | €96,454 | €118,398 | €272,865 | ▲ 130% |
| Operating cash flow (approximation) | €72,156 | €37,623 | €252,660 | €193,986 | €1.6m | ▲ 706% |
| Investment in fixed assets (approximation) | - | -€84,063 | -€554,848 | -€229,256 | -€971,274 | ▼ 324% |
| Change in cash | - | -€11,687 | €27,837 | €4,767 | €21,749 | ▲ 356% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
30-09
Financial
Highest result since 2019net €1.3m ▲1,608%
Operating result €1.9m, net result €1.3m, both a record.
30-09
Financial
Equity above €1mEq €1.6m ▲416%
3 profitable years in a row build equity to €1.6m.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €156,206
Net result €156,206 after one loss-making year.
30-09
Financial
Equity above €200,000Eq €234,348 ▲200%
Equity rises from €78,141 to €234,348.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet -€892
Net result drops to -€892, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Houthalen-Helchteren · 4 establishment units since 2018
Ground area
1.1 ha
Building footprint
5,205 m²
Volume, LiDAR
38,983 m³
4 parcels, Flanders · tallest building 35.0 m, ±3 floors. Linked by address, not a title deed.
4 establishment units
D & M DRINKS
since 20182.280.065.964
Koolmijnlaan 6, 3550 Heusden-Zolder
since 20222.337.454.827
D & M DRINKS
since 20242.380.180.654
D & M DRINKS
since 20262.389.228.972
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73060A0078/00G002 | Flanders | 7,547 m² | 1 · 3,547 m² | 35.0 m · 1 fl. |
| 72014C0773/00F002 | Flanders | 2,823 m² | 1 · 1,156 m² | 10.8 m · 2 fl. |
| 72362C0734/00T000 | Flanders | 580 m² | 1 · 97 m² | 8.0 m · 2 fl. |
| 71502B0398/00L002 | Flanders | 420 m² | 1 · 405 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 11,034 EUR awarded · 11,034 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,283 EUR | 4,283 EUR |
| 2024 | 1 | 6,361 EUR | 6,361 EUR |
| 2023 | 1 | 390 EUR | 390 EUR |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesHeusden-Zolder2.337.454.827
Houthalen-Helchteren2.280.065.964
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ALBO
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Of 1,583 companies in sector 46349 we hold annual accounts for 991. 528 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-09-2018
Fiscal year end30-09
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
47252Retail sale of beverages, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0704672732
Also
9925:BE0704672732
Registered
14-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.