DEN HAM
ActiveSummary
DEN HAM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €358,827 and a net result of -€19,570. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 82% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-60
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 4.18 against 5.3 in 2024; short-term debt: 9.2% and cash: 4.4% of total assets), and 24.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
on the day
2022
54 d late
2021
31 d early
2020
30 d early
2019
36 d early
← 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 2 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 1 May (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 oldest company in Kluisbergen, Real estate sector
Equity
€358,827▼ 5.2%
2024 · €378,396
Total assets
€476,775▼ 1.7%
2024 · €484,975
Net result
-€19,570
2024 · €21,171
Working capital
€140,077▼ 7.2%
2024 · €150,976
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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€18,769▼ 50.6%€73,717▲ 293%€25,870▼ 64.9%€30,617▲ 18.3%-€16,061
Net result€11,474within the sector's middle half▼ 55.8%€57,356within the sector's middle half▲ 400%€18,867within the sector's middle half▼ 67.1%€21,171within the sector's middle half▲ 12.2%-€19,570below the sector's middle half
Equity€281,002within the sector's middle half▲ 4.3%€338,358within the sector's middle half▲ 20.4%€357,225within the sector's middle half▲ 5.6%€378,396within the sector's middle half▲ 5.9%€358,827within the sector's middle half▼ 5.2%
Total assets€384,996below the sector's middle half▼ 7.7%€467,504below the sector's middle half▲ 21.4%€460,714below the sector's middle half▼ 1.5%€484,975below the sector's middle half▲ 5.3%€476,775below the sector's middle half▼ 1.7%
Debt€93,994▼ 31.6%€104,683▲ 11.4%€79,027▼ 24.5%€82,117▲ 3.9%€93,486▲ 13.8%
Working capital-€6,597within the sector's middle half€99,423within the sector's middle half€119,011within the sector's middle half▲ 19.7%€150,976within the sector's middle half▲ 26.9%€140,077within the sector's middle half▼ 7.2%
Solvency73.0%above the sector's middle half▲ 8.3pp72.4%above the sector's middle half▼ 0.6pp77.5%above the sector's middle half▲ 5.2pp78.0%above the sector's middle half▲ 0.5pp75.3%above the sector's middle half▼ 2.8pp
Current ratio0.87within the sector's middle half▼ 0.162.55within the sector's middle half▲ 1.684.26above the sector's middle half▲ 1.715.30above the sector's middle half▲ 1.044.18above the sector's middle half▼ 1.12
Return on assets (ROA)3.0%within the sector's middle half▼ 3.3pp12.3%above the sector's middle half▲ 9.3pp4.1%within the sector's middle half▼ 8.2pp4.4%within the sector's middle half▲ 0.3pp-4.1%below the sector's middle half▼ 8.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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 turns negative in 2025: a loss of €16,061 after €30,617 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €476,775
Fixed assets
€292,633 ▼ 2.1%
Current assets
€184,143 ▼ 1.0%
Equity and liabilities €476,775
Equity
€358,827 ▼ 5.2%
Provisions
€24,462 =
Debt
€93,486 ▲ 13.8%
Debt's share of the balance-sheet total rises from 16.9% to 19.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,798▼
2024 · €36,881
Cash flow
-€13,307▼
2024 · €27,434
Debt to equity
0.26▲
2024 · 0.22
ROE
-5.5%▼
2024 · 5.6%
Interest coverage
-2.64▼
2024 · 10.14
Debt ≤ 1 year
€44,066▲
2024 · €35,104
Debt > 1 year
€49,420▲
2024 · €47,013
Income taxes
€0▼
2024 · €6,189
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 | €8,231 | €4,988 | €5,898 | €6,263 | €6,263 | = |
| Other operating charges640/8 | - | €4,963 | €5,572 | €5,671 | €5,848 | ▲ 3.1% |
| Gross operating margin9900 | €31,783 | €83,669 | €37,341 | €42,551 | -€3,950 | ▼ 109% |
| Operating profit (loss)9901 | €18,769 | €73,717 | €25,870 | €30,617 | -€16,061 | ▼ 152% |
| Financial income75/76B | - | €744 | €504 | €381 | €197 | ▼ 48.4% |
| Recurring financial income75 | €54 | €744 | €504 | €381 | €197 | ▼ 48.4% |
| Financial charges65/66B | - | €2,643 | €2,587 | €3,638 | €3,706 | ▲ 1.9% |
| Recurring financial charges65 | €4,401 | €2,643 | €2,587 | €3,638 | €3,706 | ▲ 1.9% |
| Profit (loss) for the period before taxes9903 | €14,422 | €71,818 | €23,787 | €27,360 | -€19,570 | ▼ 172% |
| Transfer to deferred taxes680 | - | €14,462 | €0 | - | - | - |
| Income taxes67/77 | €2,947 | €0 | €4,920 | €6,189 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €11,474 | €57,356 | €18,867 | €21,171 | -€19,570 | ▼ 192% |
| Transfer to tax-exempt reserves689 | - | €57,848 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €11,474 | -€492 | €18,867 | €21,171 | -€19,570 | ▼ 192% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €384,996 | €467,504 | €460,714 | €484,975 | €476,775 | ▼ 1.7% |
| Fixed assets21/28 | €341,155 | €303,744 | €305,159 | €298,896 | €292,633 | ▼ 2.1% |
| Tangible fixed assets22/27 | €66,155 | €28,744 | €30,159 | €23,896 | €17,633 | ▼ 26.2% |
| Land and buildings22 | - | €27,241 | €28,956 | €22,993 | €17,031 | ▼ 25.9% |
| Plant, machinery and equipment23 | - | €1,504 | €1,203 | €902 | €601 | ▼ 33.3% |
| Financial fixed assets28 | €275,000 | €275,000 | €275,000 | €275,000 | €275,000 | = |
| Current assets29/58 | €43,841 | €163,759 | €155,556 | €186,079 | €184,143 | ▼ 1.0% |
| Amounts receivable within one year40/41 | €38,757 | €69,664 | €71,091 | €134,933 | €160,816 | ▲ 19.2% |
| Trade receivables40 | - | €28,021 | €17,239 | €10,757 | €10,757 | = |
| Other amounts receivable41 | - | €41,643 | €53,852 | €124,176 | €150,059 | ▲ 20.8% |
| Cash at bank and in hand54/58 | €1,584 | €90,611 | €80,694 | €49,089 | €20,972 | ▼ 57.3% |
| Deferred charges and accrued income490/1 | - | €3,484 | €3,770 | €2,058 | €2,355 | ▲ 14.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €384,996 | €467,504 | €460,714 | €484,975 | €476,775 | ▼ 1.7% |
| Equity10/15 | €281,002 | €338,358 | €357,225 | €378,396 | €358,827 | ▼ 5.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €219,002 | €276,358 | €295,225 | €316,396 | €296,827 | ▼ 6.2% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €57,848 | €57,848 | €57,848 | €57,848 | = |
| Distributable reserves133 | - | €212,310 | €231,177 | €252,348 | €232,778 | ▼ 7.8% |
| Provisions and deferred taxes16 | €10,000 | €24,462 | €24,462 | €24,462 | €24,462 | = |
| Provisions for liabilities and charges160/5 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Major repairs and maintenance162 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Deferred taxes168 | - | €14,462 | €14,462 | €14,462 | €14,462 | = |
| Amounts payable17/49 | €93,994 | €104,683 | €79,027 | €82,117 | €93,486 | ▲ 13.8% |
| Amounts payable after more than one year17 | €43,557 | €40,347 | €40,347 | €47,013 | €49,420 | ▲ 5.1% |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Other amounts payable178/9 | - | €40,347 | €40,347 | €47,013 | €49,420 | ▲ 5.1% |
| Amounts payable within one year42/48 | €50,438 | €64,337 | €36,545 | €35,104 | €44,066 | ▲ 25.5% |
| Current portion of amounts payable after more than one year42 | - | €4,328 | €1,667 | €0 | - | - |
| Trade debts44 | €20,296 | €38,355 | €29,468 | €27,984 | €43,034 | ▲ 53.8% |
| Suppliers440/4 | - | €38,355 | €29,468 | €27,984 | €43,034 | ▲ 53.8% |
| Advances received on contracts in progress46 | - | €21,175 | €4,235 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €479 | €1,175 | €7,120 | €1,032 | ▼ 85.5% |
| Taxes450/3 | - | €479 | €1,175 | €7,120 | €1,032 | ▼ 85.5% |
| Accrued charges and deferred income492/3 | - | - | €2,135 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,474 | €57,356 | €18,867 | €21,171 | -€19,570 | ▼ 192% |
| + Depreciation and write-downs630 | €8,231 | €4,988 | €5,898 | €6,263 | €6,263 | = |
| Operating cash flow (approximation) | €19,705 | €62,345 | €24,766 | €27,434 | -€13,307 | ▼ 149% |
| Investment in fixed assets (approximation) | - | €32,423 | -€7,313 | €0 | €0 | - |
| Change in cash | - | €89,027 | -€9,917 | -€31,605 | -€28,117 | ▲ 11.0% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet -€19,570
Net result drops to -€19,570, the lowest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 54 days late
2022
30-09
Financial
Highest result since 2018net €57,356 ▲400%
Operating result €73,717, net result €57,356, both a record.
30-09
Financial
Liquidity triplescurrent ratio 2.55
Current ratio from 0.87 to 2.55.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-03
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 5 acts read
About the unread acts
We know of 5 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
5 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, Kluisbergen · 1 establishment unit since 1989
Ground area
9,378 m²
Building footprint
2,090 m²
Volume, LiDAR
10,438 m³
2 parcels, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Oudenaardebaan 3, 9690 Kluisbergen
since 19892.043.899.074
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45002A0754/00F000 | Flanders | 7,312 m² | 1 · 1,619 m² | 7.5 m · 2 fl. |
| 45002A0754/00X000 | Flanders | 2,066 m² | 1 · 470 m² | 4.6 m · 1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the annual accounts to 30-09-2024 of DEN HAM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 3,762 companies in sector 68321 we hold annual accounts for 1,394. 950 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-04-1989
Fiscal year end30-09
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437172565
Also
9925:BE0437172565
Registered
14-01-2026
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.