Equity
Equity fell by 99% in 11 years.
Equity fell by 99% in 11 years.
Short-term debts rose from €5,000 to €1.4m.
Two of the last ten came late. The 2019 accounts came latest: 60 days after the end of the period.
Board changed. Latest change 06-07-2026 · 2 in office.
Lower solvency than 90% of companies in head offices and management consultancy. Sector median 53.3% · 3,873 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 9% of them on solvency, 1% on liquidity, 19% on profitability and 3% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
In July 2024, 912 companies had the same profile as DALIMAR has now. Each dot stands for 3 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DALIMAR itself is lower: 0.3% within 12 months. It rests on far more data about DALIMAR than the profile alone.
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 912 companies, not a prediction for DALIMAR. 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.
Liquidity is insufficient, with a current ratio of 0.01 (0.89 in 2024), below 1. Short-term debt is 99.2% and cash 0.3% of total assets. 99.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DALIMAR Beyne-Heusay | €1.4m | - | 0.8% | - |
| MEDIXA PHARMA Lierneux | €1.5m | €137,313 | 33.8% | - |
| NIJASU Theux | €1.3m | €115,081 | 29.2% | - |
| P.A. GROUP Waimes | €1.5m | €94,347 | 94.0% | - |
| K6 SERVICES Seraing | €1.3m | €101,320 | 38.8% | - |
| GRAINN Chaudfontaine | €1.3m | €291,434 | 57.9% | 0 |
| MITHRIL MANAGEMENT Liège | €1.3m | €167,500 | 32.6% | - |
These companies have the same main activity as DALIMAR: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.3m and €1.5m, founded between 2012 and 2013.
DALIMAR has existed since 2012. The gross margin grew from €1,658 in 2013 to €2,176 in 2024.
Solvency fell in 2025 from 99.6% to 0.8% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover: not included in this filing.
Higher than 9% of 3,873 companies in 2025.
Lower than 95% of 3,727 companies in 2025.
Higher than 26% of 3,849 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.1m | |
20 |
- | - | - | - | - | - | - | - | 1,422 | 2,845 | 4,267 | 5,690 | |
21/28 |
1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.1m | |
22/27 |
1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.1m | |
22 |
1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.1m | |
29/58 |
7,471 | 4,439 | 3,261 | 4,101 | 3,669 | 2,069 | 3,449 | 2,634 | 2,826 | 2,783 | 1,861 | 3,573 | |
40/41 |
2,908 | - | - | - | - | - | - | - | - | - | - | - | |
40 |
2,688 | - | - | - | - | - | - | - | - | - | - | - | |
41 |
221 | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
4,563 | 4,439 | 3,261 | 4,101 | 3,669 | 2,069 | 3,449 | 2,634 | 2,826 | 2,783 | 1,861 | 3,573 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.1m | |
10/15 |
11,658 | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.1m | |
10/11 |
18,500 | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.1m | |
10 |
- | - | - | 1.4m | - | - | - | - | - | - | - | - | |
100 |
- | - | - | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.1m | |
11 |
- | - | 1.4m | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | 1.4m | - | - | - | - | - | - | - | - | - | |
14 |
-6,842 | -6,561 | -7,739 | -6,899 | -7,404 | -7,931 | -7,551 | -7,366 | -5,752 | -4,373 | -3,872 | -738 | |
17/49 |
1.4m | 5,000 | 5,000 | 5,000 | 5,073 | 4,000 | 5,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | |
42/48 |
1.4m | 5,000 | 5,000 | 5,000 | 5,000 | 4,000 | 5,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | |
44 |
625 | - | - | - | - | - | - | - | - | - | - | - | |
440/4 |
625 | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
1.4m | 5,000 | 5,000 | 5,000 | 5,000 | 4,000 | 5,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | |
492/3 |
- | - | - | - | 73 | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||
70/76A |
2,816 | - | - | - | - | - | - | - | - | - | - | - | |
74 |
2,816 | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
- | 2,176 | 1,079 | 2,447 | 2,453 | 1,371 | 1,564 | 1,568 | 1,604 | 2,478 | -671 | 1,658 | |
60/66A |
3,054 | - | - | - | - | - | - | - | - | - | - | - | |
61 |
1,513 | - | - | - | - | - | - | - | - | - | - | - | |
630 |
- | - | - | - | - | - | - | 1,422 | 1,422 | 1,422 | 1,422 | 1,422 | |
640/8 |
1,542 | 1,334 | 1,801 | 1,767 | 1,732 | 1,752 | 1,482 | 1,469 | 1,416 | 1,418 | 903 | 897 | |
9901 |
-238 | 843 | -722 | 680 | 721 | -380 | 82 | -1,324 | -1,234 | -363 | -2,996 | -661 | |
75/76B |
- | - | - | 16 | - | - | - | - | - | - | - | - | |
75 |
- | - | - | 16 | - | - | - | - | - | - | - | - | |
65/66B |
43 | 47 | 118 | 190 | 194 | - | 267 | 290 | 145 | 138 | 138 | 77 | |
65 |
43 | 47 | 118 | 190 | 194 | - | 267 | 290 | 145 | 138 | 138 | 77 | |
652/9 |
43 | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-281 | 796 | -840 | 505 | 528 | -380 | -185 | -1,614 | -1,379 | -501 | -3,134 | -738 | |
9904 |
-281 | 796 | -840 | 505 | 528 | -380 | -185 | -1,614 | -1,379 | -501 | -3,134 | -738 | |
9905 |
-281 | 796 | -840 | 505 | 528 | -380 | -185 | -1,614 | -1,379 | -501 | -3,134 | -738 | |
| Appropriation of the result | |||||||||||||
9906 |
-6,842 | -6,561 | -7,739 | -6,899 | -7,404 | -7,931 | -7,551 | -7,366 | -5,752 | -4,373 | -3,872 | -738 | |
14P |
-6,561 | -7,357 | -6,899 | -7,404 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 07-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 07-07-2026 | 2026-00270480 | |
| 31-12-2024 | full format | 04-06-2025 | 2025-00121508 | |
| 31-12-2022 | full format | 14-06-2023 | 2023-00129805 | |
| 31-12-2021 | full format | 22-06-2022 | 2022-20086667 | |
| 31-12-2020 | full format | 30-06-2021 | 2021-27700552 | |
| 31-12-2019 | full format | 29-09-2020 | 2020-56900515 | |
| 31-12-2018 | full format | 23-07-2019 | 2019-36400482 | |
| 31-12-2017 | full format | 06-08-2018 | 2018-43400456 | |
| 31-12-2016 | full format | 30-06-2017 | 2017-24500482 | |
| 31-12-2015 | full format | 30-06-2016 | 2016-24900511 | |
| 31-12-2014 | full format | 03-06-2015 | 2015-14400504 | |
| 31-12-2013 | full format | 01-07-2014 | 2014-24600566 |
| Line | Trend | 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | 99 | 188 | 1,060 | -1,574 | 761 | ||
| - | - | - | - | - | - | - | -192 | 43 | 922 | -1,712 | 685 | ||
| - | - | - | - | - | - | - | 1,422 | -1,422 | 0 | 330,000 | 1.1m | ||
| 123 | - | -840 | 432 | 1,600 | -1,380 | 815 | -192 | 43 | 922 | -1,712 | - | ||
| -1.4m | -561 | -1,739 | -899 | -1,331 | -1,931 | -1,551 | -1,366 | -1,174 | -1,217 | -2,139 | -427 | ||
| 0.8% | 99.6% | 99.6% | 99.6% | 99.6% | 99.7% | 99.6% | 99.7% | 99.7% | 99.7% | 99.7% | 99.6% | ||
| 0.01 | 0.89 | 0.65 | 0.82 | 0.73 | 0.52 | 0.69 | 0.66 | 0.71 | 0.70 | 0.47 | 0.89 | ||
| - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| -2.4% | 0.1% | -0.1% | 0.0% | 0.0% | 0.0% | 0.0% | -0.1% | -0.1% | 0.0% | -0.2% | -0.1% | ||
| 0.0% | 0.1% | -0.1% | 0.0% | 0.0% | 0.0% | 0.0% | -0.1% | -0.1% | 0.0% | -0.2% | -0.1% | ||
| 151 days | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A ratio outside any meaningful range has been withheld (balance sheet total €1.4m, equity €11,658).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is a loss of €238, after a profit of €843 in 2024.
Debt's share of the balance-sheet total rises from 0.4% to 99.2%. Equity is lower and debt is higher.
DALIMAR has no parent and no holdings in its annual accounts.
| ODYSSEY
registered office since 29-11-1996 · founded in 1996 |
139 FTE (2025) 0458.006.878 |
| MADISIM
registered office since 10-01-2013 · founded in 2012 |
1.9 FTE (2025) 0508.534.772 |
| IMMO BEYNE
registered office since 19-09-2022 · founded in 2022 |
total assets €229,619 (2025) 0790.959.180 |
| LILY DELI
establishment since 09-09-2020 · founded in 2020 |
total assets €165,116 (2025) 0753.838.567 |
| ODYSSEY via Pierre Conrardy, no longer at ODYSSEY · Director founded in 1996 |
139 FTE (2025) |
| DFH MARKET via Pierre Conrardy, no longer at DFH MARKET · Managing director · deed of 21-09-2023 founded in 2023 |
31 FTE (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Albert 1er 43 registered office 4610 Beyne-Heusay | ||
| Rue Toussaint Gerkens 50 4052 Chaudfontaine | 20-12-2012 | 2.216.044.479 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62015B0228/00K005 | 8,231 m² | 1 · 1,644 m² | 8.4 m · 2 |
| 62012D0236/00G006 | 2,075 m² | 1 · 109 m² | 9.7 m · 3 |
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