Danmarin
ActiveSummary
Danmarin has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251,293 and a net result of €10,619. Equity is growing by ~3.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency82▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 41.9% and cash: 0.1% of total assets), and 42.6% 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
57.4%
Return on assets
2.4%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
17 d early
2023
1 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€251,293▲ 4.4%
2024 · €240,674
Total assets
€437,774▼ 3.9%
2024 · €455,350
Net result
€10,619▲ 12.0%
2024 · €9,483
Working capital
-€182,814▲ 7.1%
2024 · -€196,825
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,167▼ 2.3%€19,352▼ 16.5%€16,470▼ 14.9%€19,928▲ 21.0%€20,062▲ 0.7%
Net result€9,287▲ 9.9%€8,211▼ 11.6%€6,789▼ 17.3%€9,483▲ 39.7%€10,619▲ 12.0%
Equity€216,191▲ 4.5%€224,402▲ 3.8%€231,191▲ 3.0%€240,674▲ 4.1%€251,293▲ 4.4%
Total assets€508,359▼ 3.4%€490,608▼ 3.5%€472,858▼ 3.6%€455,350▼ 3.7%€437,774▼ 3.9%
Debt€292,168▼ 8.5%€266,206▼ 8.9%€241,667▼ 9.2%€214,676▼ 11.2%€186,481▼ 13.1%
Working capital-€252,665▼ 1.7%-€257,075▼ 1.7%-€228,722▲ 11.0%-€196,825▲ 13.9%-€182,814▲ 7.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €437,774
Fixed assets
€437,338 ▼ 3.9%
Current assets
€437 ▲ 66.4%
Equity and liabilities €437,774
Equity
€251,293 ▲ 4.4%
Debt
€186,481 ▼ 13.1%
Debt's share of the balance-sheet total falls from 47.1% to 42.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37,812▲
2024 · €37,678
Cash flow
€28,370▲
2024 · €27,234
Current ratio
0.00▲
2024 · 0.00
Debt to equity
0.74▼
2024 · 0.89
ROE
4.2%▲
2024 · 3.9%
ROA
2.4%▲
2024 · 2.1%
Interest coverage
8.43▲
2024 · 6.08
Debt ≤ 1 year
€183,251▼
2024 · €197,087
Income taxes
€4,956▲
2024 · €4,251
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,750 | €17,750 | €17,750 | €17,750 | €17,750 | = |
| Other operating charges640/8 | €8,111 | €8,298 | €9,091 | €11,262 | €9,813 | ▼ 12.9% |
| Gross operating margin9900 | €49,028 | €45,401 | €43,311 | €48,941 | €47,626 | ▼ 2.7% |
| Operating profit (loss)9901 | €23,167 | €19,352 | €16,470 | €19,928 | €20,062 | ▲ 0.7% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | - | - | €0 | €0 | - | - |
| Financial charges65/66B | €9,369 | €7,443 | €6,420 | €6,193 | €4,487 | ▼ 27.6% |
| Recurring financial charges65 | €9,369 | €7,443 | €6,420 | €6,193 | €4,487 | ▼ 27.6% |
| Profit (loss) for the period before taxes9903 | €13,798 | €11,910 | €10,050 | €13,734 | €15,575 | ▲ 13.4% |
| Income taxes67/77 | €4,511 | €3,699 | €3,261 | €4,251 | €4,956 | ▲ 16.6% |
| Profit (loss) for the period9904 | €9,287 | €8,211 | €6,789 | €9,483 | €10,619 | ▲ 12.0% |
| Profit (loss) for the period to be appropriated9905 | €9,287 | €8,211 | €6,789 | €9,483 | €10,619 | ▲ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €508,359 | €490,608 | €472,858 | €455,350 | €437,774 | ▼ 3.9% |
| Fixed assets21/28 | €508,340 | €490,589 | €472,839 | €455,088 | €437,338 | ▼ 3.9% |
| Tangible fixed assets22/27 | €508,340 | €490,589 | €472,839 | €455,088 | €437,338 | ▼ 3.9% |
| Land and buildings22 | €508,340 | €490,589 | €472,839 | €455,088 | €437,338 | ▼ 3.9% |
| Current assets29/58 | €19 | €19 | €19 | €262 | €437 | ▲ 66.4% |
| Cash at bank and in hand54/58 | €19 | €19 | €19 | €262 | €437 | ▲ 66.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €508,359 | €490,608 | €472,858 | €455,350 | €437,774 | ▼ 3.9% |
| Equity10/15 | €216,191 | €224,402 | €231,191 | €240,674 | €251,293 | ▲ 4.4% |
| Contributions10/11 | €163,900 | €163,900 | €163,900 | €163,900 | €163,900 | = |
| Capital10 | €163,900 | €163,900 | €163,900 | €163,900 | €163,900 | = |
| Issued capital100 | €163,900 | €163,900 | €163,900 | €163,900 | €163,900 | = |
| Revaluation surpluses12 | €4,070 | €4,070 | €4,070 | €4,070 | €4,070 | = |
| Reserves13 | €40,137 | €48,348 | €63,221 | €72,704 | €83,323 | ▲ 14.6% |
| Non-distributable reserves130/1 | €5,000 | €6,000 | €15,084 | €16,390 | €16,390 | = |
| Legal reserve130 | €5,000 | €6,000 | €15,084 | €16,390 | €16,390 | = |
| Distributable reserves133 | €35,137 | €42,348 | €48,137 | €56,314 | €66,933 | ▲ 18.9% |
| Profit (loss) carried forward14 | €8,084 | €8,084 | €0 | - | - | - |
| Amounts payable17/49 | €292,168 | €266,206 | €241,667 | €214,676 | €186,481 | ▼ 13.1% |
| Amounts payable after more than one year17 | €33,293 | €0 | - | - | - | - |
| Financial debts170/4 | €33,293 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €252,684 | €257,094 | €228,742 | €197,087 | €183,251 | ▼ 7.0% |
| Current portion of amounts payable after more than one year42 | €34,449 | €33,293 | €0 | - | - | - |
| Financial debts43 | €3,579 | €3,550 | €2,210 | €0 | - | - |
| Credit institutions430/8 | €3,579 | €3,550 | €2,210 | €0 | - | - |
| Trade debts44 | €0 | €4,445 | €40 | €183 | €425 | ▲ 133% |
| Suppliers440/4 | €0 | €4,445 | €40 | €183 | €425 | ▲ 133% |
| Taxes, remuneration and social security45 | €8,729 | €4,710 | €3,261 | €4,262 | €1,206 | ▼ 71.7% |
| Taxes450/3 | €8,729 | €4,710 | €3,261 | €4,262 | €1,206 | ▼ 71.7% |
| Other amounts payable47/48 | €205,927 | €211,098 | €223,231 | €192,642 | €181,620 | ▼ 5.7% |
| Accrued charges and deferred income492/3 | €6,191 | €9,112 | €12,925 | €17,590 | €3,230 | ▼ 81.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,287 | €8,211 | €6,789 | €9,483 | €10,619 | ▲ 12.0% |
| + Depreciation and write-downs630 | €17,750 | €17,750 | €17,750 | €17,750 | €17,750 | = |
| Operating cash flow (approximation) | €27,038 | €25,962 | €24,539 | €27,234 | €28,370 | ▲ 4.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0 | €0 | €243 | €174 | ▼ 28.3% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €10,619 ▲12%
Net result €10,619, the highest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €200,000Eq €206,904 ▲4.3%
3 profitable years in a row build equity to €206,904.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kuurne · 1 establishment unit since 1994
Ground area
776 m²
Building footprint
122 m²
Volume, LiDAR
566 m³
2 parcels, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DANMARIN NV
since 19942.068.246.866
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023B0763/00Z004 | Flanders | 654 m² | - | - |
| 34023B0766/00L000 | Flanders | 122 m² | 1 · 122 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded01-07-1994
Fiscal year end31-12
Contact
E-mail
info@quequin.be
Phone
056 71 35 14
Fax
056 72 82 77
Scores and ratios are computed by Checked and are not a credit decision.