DEBOMAT
ActiveSummary
DEBOMAT has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €505,166 and a net result of -€225,490. Equity is growing by ~3.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-16
Solvency71▼-10
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.12 against 1.44 in 2023; short-term debt: 52.6% and cash: 2% of total assets), and 53.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
46.5%
Return on assets
-20.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€225,490
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2026, 336 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
336 d late
2023
166 d late
2022
71 d late
2021
31 d early
2020
39 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 79 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€505,166▼ 30.9%
2023 · €730,657
Total assets
€1.1m▼ 16.2%
2023 · €1.3m
Net result
-€225,490▼ 230%
2023 · -€68,249
Working capital
€68,622▼ 72.1%
2023 · €245,743
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
Line20202021202220232024
Operating result€56,240▼ 20.3%€116,529▲ 107%€123,811▲ 6.2%-€27,144-€209,901▼ 673%
Net result€20,773▼ 39.2%€61,984▲ 198%€79,096▲ 27.6%-€68,249-€225,490▼ 230%
Equity€657,826▲ 3.3%€719,809▲ 9.4%€798,905▲ 11.0%€730,657▼ 8.5%€505,166▼ 30.9%
Total assets€1.4m▼ 10.6%€1.7m▲ 25.7%€1.5m▼ 12.9%€1.3m▼ 12.8%€1.1m▼ 16.2%
Debt€700,941▼ 20.6%€988,087▲ 41.0%€689,133▼ 30.3%€566,862▼ 17.7%€582,307▲ 2.7%
Working capital€9,160€141,193▲ 1,441%€258,932▲ 83.4%€245,743▼ 5.1%€68,622▼ 72.1%
Staff (FTE)6.8=6.6▼ 2.9%6.4▼ 3.0%6.5▲ 1.6%1.6▼ 75.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €209,901 in 2024 against €27,144 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€446,578 ▼ 10.3%
Current assets
€640,895 ▼ 19.9%
Equity and liabilities €1.1m
Equity
€505,166 ▼ 30.9%
Debt
€582,307 ▲ 2.7%
Debt's share of the balance-sheet total rises from 43.7% to 53.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€158,619▼
2023 · €25,671
Cash flow
-€174,208▼
2023 · -€15,433
Current ratio
1.12▼
2023 · 1.44
Quick ratio
0.47▼
2023 · 0.57
Debt to equity
1.15▲
2023 · 0.78
ROE
-44.6%▼
2023 · -9.3%
ROA
-20.7%▼
2023 · -5.3%
Interest coverage
-7.36▼
2023 · 0.52
Debt ≤ 1 year
€572,273▲
2023 · €553,915
Income taxes
€270▼
2023 · €797
Staff costs
€183,831▼
2023 · €496,280
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
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 5,834 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €500 | €0 | €1,955 | - |
| Remuneration, social security and pensions62 | - | €350,794 | €397,080 | €496,280 | €183,831 | ▼ 63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,749 | €53,539 | €52,597 | €52,815 | €51,282 | ▼ 2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€45,970 | €14,262 | -€13,814 | €149,870 | ▲ 1,185% |
| Other operating charges640/8 | - | €17,073 | €21,161 | €13,487 | €12,144 | ▼ 10.0% |
| Non-recurring operating charges66A | - | - | - | - | €23,057 | - |
| Gross operating margin9900 | €519,877 | €491,965 | €608,912 | €521,624 | €210,282 | ▼ 59.7% |
| Operating profit (loss)9901 | €56,240 | €116,529 | €123,811 | -€27,144 | -€209,901 | ▼ 673% |
| Financial income75/76B | - | €14,521 | €22,429 | €9,462 | €6,222 | ▼ 34.2% |
| Recurring financial income75 | €17,293 | €14,521 | €22,429 | €9,462 | €6,222 | ▼ 34.2% |
| Financial charges65/66B | - | €40,157 | €32,855 | €49,769 | €21,541 | ▼ 56.7% |
| Recurring financial charges65 | €39,622 | €40,157 | €32,855 | €49,769 | €21,541 | ▼ 56.7% |
| Profit (loss) for the period before taxes9903 | €33,912 | €90,893 | €113,384 | -€67,452 | -€225,220 | ▼ 234% |
| Income taxes67/77 | €13,139 | €28,909 | €34,289 | €797 | €270 | ▼ 66.1% |
| Profit (loss) for the period9904 | €20,773 | €61,984 | €79,096 | -€68,249 | -€225,490 | ▼ 230% |
| Profit (loss) for the period to be appropriated9905 | €20,773 | €61,984 | €79,096 | -€68,249 | -€225,490 | ▼ 230% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.7m | €1.5m | €1.3m | €1.1m | ▼ 16.2% |
| Fixed assets21/28 | €652,626 | €599,087 | €546,490 | €497,860 | €446,578 | ▼ 10.3% |
| Tangible fixed assets22/27 | €652,626 | €599,087 | €546,490 | €497,860 | €446,578 | ▼ 10.3% |
| Land and buildings22 | - | €594,967 | €544,800 | €494,634 | €444,747 | ▼ 10.1% |
| Plant, machinery and equipment23 | - | €3,642 | €1,558 | €0 | - | - |
| Furniture and vehicles24 | - | €478 | €131 | €3,227 | €1,831 | ▼ 43.2% |
| Current assets29/58 | €706,141 | €1.1m | €941,549 | €799,658 | €640,895 | ▼ 19.9% |
| Stocks and contracts in progress3 | €314,157 | €549,770 | €500,490 | €482,380 | €373,668 | ▼ 22.5% |
| Stocks30/36 | - | €549,770 | €500,490 | €482,380 | €373,668 | ▼ 22.5% |
| Amounts receivable within one year40/41 | €216,686 | €365,128 | €268,706 | €276,844 | €245,094 | ▼ 11.5% |
| Trade receivables40 | - | €349,984 | €265,614 | €267,398 | €186,128 | ▼ 30.4% |
| Other amounts receivable41 | - | €15,144 | €3,092 | €9,446 | €58,965 | ▲ 524% |
| Cash at bank and in hand54/58 | €163,946 | €184,743 | €162,618 | €27,399 | €22,133 | ▼ 19.2% |
| Deferred charges and accrued income490/1 | - | €9,168 | €9,735 | €13,035 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.7m | €1.5m | €1.3m | €1.1m | ▼ 16.2% |
| Equity10/15 | €657,826 | €719,809 | €798,905 | €730,657 | €505,166 | ▼ 30.9% |
| Contributions10/11 | €275,000 | €275,000 | €275,000 | €275,000 | €275,000 | = |
| Capital10 | - | €275,000 | €275,000 | €275,000 | €275,000 | = |
| Issued capital100 | - | €275,000 | €275,000 | €275,000 | €275,000 | = |
| Reserves13 | €33,714 | €33,714 | €33,714 | €33,714 | €33,714 | = |
| Non-distributable reserves130/1 | - | €27,500 | €27,500 | €27,500 | €27,500 | = |
| Legal reserve130 | - | €27,500 | €27,500 | €27,500 | €27,500 | = |
| Distributable reserves133 | - | €6,214 | €6,214 | €6,214 | €6,214 | = |
| Profit (loss) carried forward14 | €349,112 | €411,096 | €490,191 | €421,943 | €196,452 | ▼ 53.4% |
| Amounts payable17/49 | €700,941 | €988,087 | €689,133 | €566,862 | €582,307 | ▲ 2.7% |
| Amounts payable within one year42/48 | €696,981 | €967,616 | €682,616 | €553,915 | €572,273 | ▲ 3.3% |
| Trade debts44 | €59,586 | €308,921 | €122,588 | €94,462 | €29,911 | ▼ 68.3% |
| Suppliers440/4 | - | €308,921 | €122,588 | €94,462 | €29,911 | ▼ 68.3% |
| Advances received on contracts in progress46 | - | €24,000 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €62,558 | €87,893 | €75,030 | €2,922 | ▼ 96.1% |
| Taxes450/3 | - | €19,524 | €31,179 | €17,226 | €2,922 | ▼ 83.0% |
| Remuneration and social security454/9 | - | €43,034 | €56,715 | €57,805 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €572,137 | €472,135 | €384,423 | €539,440 | ▲ 40.3% |
| Accrued charges and deferred income492/3 | - | €20,471 | €6,517 | €12,947 | €10,034 | ▼ 22.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,773 | €61,984 | €79,096 | -€68,249 | -€225,490 | ▼ 230% |
| + Depreciation and write-downs630 | €56,749 | €53,539 | €52,597 | €52,815 | €51,282 | ▼ 2.9% |
| Operating cash flow (approximation) | €77,521 | €115,523 | €131,693 | -€15,433 | -€174,208 | ▼ 1,029% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,186 | €0 | ▲ 100% |
| Change in cash | - | €20,797 | -€22,126 | -€135,218 | -€5,266 | ▲ 96.1% |
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
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 336 days late
2025
13-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 166 days late
2024
31-12
Financial
Weakest financial yearnet -€225,490
Net result drops to -€225,490, the lowest in the series.
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
31-12
Financial
Highest result since 2018net €79,096 ▲27.6%
Operating result €123,811, net result €79,096, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €34,168
Net result €34,168 after one loss-making year.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Maldegem · 1 establishment unit since 1986
Ground area
8,483 m²
Building footprint
6,751 m²
Volume, LiDAR
21,916 m³
2 parcels, Flanders · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DEBOMAT NV
since 19862.102.580.908
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001H1166/00F000 | Flanders | 4,958 m² | 1 · 4,747 m² | 8.6 m |
| 46025B1190/00R013 | Flanders | 3,526 m² | 1 · 2,004 m² | 8.5 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 298 EUR awarded · 298 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 298 EUR | 298 EUR |
Schemes
Identification & contact
Identification
Legal formPublic limited company
Founded15-12-1986
Fiscal year end31-12
Contact
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.