DENIMO
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 08-03-2023, 145 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
145 d early
2021
95 d early
2020
111 d early
2019
64 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 104 days before 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)
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€307,920▲ 1,154%
2021 · €24,558
Working capital
-€578,878▼ 64.4%
2021 · -€352,117
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
Line20182019202020212022
Operating result€257,226-€15,469▼ 94.0%€9,615▼ 37.8%€34,473▲ 259%€326,169▲ 846%
Net result€184,263-€31,722▼ 82.8%€5,529▼ 82.6%€24,558▲ 344%€307,920▲ 1,154%
Equity€386,523-€418,245▲ 8.2%€423,774▲ 1.3%€448,332▲ 5.8%€2.3m▲ 422%
Total assets€1.8m-€1.2m▼ 30.4%€1.1m▼ 11.7%€1.0m▼ 6.4%€5.5m▲ 434%
Debt€1.4m-€822,836▼ 41.1%€671,914▼ 18.3%€577,226▼ 14.1%€3.1m▲ 444%
Working capital-€417,509--€379,224▲ 9.2%-€377,914▲ 0.3%-€352,117▲ 6.8%-€578,878▼ 64.4%
Why a figure moved sharply
- 2019 Net result -83% on 2018. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 846% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €5.5m
Fixed assets
€5.3m ▲ 423%
Current assets
€182,000 ▲ 1,343%
Equity and liabilities €5.5m
Equity
€2.3m ▲ 422%
Debt
€3.1m ▲ 444%
Debt's share of the balance-sheet total rises from 56.3% to 57.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€402,541▲
2021 · €110,712
Cash flow
€384,291▲
2021 · €100,797
Current ratio
0.24▲
2021 · 0.03
Debt to equity
1.34▲
2021 · 1.29
ROE
13.2%▲
2021 · 5.5%
ROA
5.6%▲
2021 · 2.4%
Interest coverage
22.03▼
2021 · 152.52
Debt ≤ 1 year
€760,877▲
2021 · €364,726
Debt > 1 year
€2.4m▲
2021 · €212,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,236 | €76,236 | €76,237 | €76,239 | €76,372 | ▲ 0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€1,247 | - | - |
| Other operating charges640/8 | - | - | - | €11,494 | €10,918 | ▼ 5.0% |
| Gross operating margin9900 | €346,487 | €103,467 | €101,470 | €120,959 | €413,459 | ▲ 242% |
| Operating profit (loss)9901 | €257,226 | €15,469 | €9,615 | €34,473 | €326,169 | ▲ 846% |
| Financial income75/76B | - | - | - | €94 | €26 | ▼ 72.7% |
| Recurring financial income75 | €1 | €40,104 | €36 | €94 | €26 | ▼ 72.7% |
| Financial charges65/66B | - | - | - | €726 | €18,275 | ▲ 2,418% |
| Recurring financial charges65 | €45,964 | €1,796 | €1,215 | €726 | €18,275 | ▲ 2,418% |
| Profit (loss) for the period before taxes9903 | €211,263 | €53,777 | €8,436 | €33,841 | €307,920 | ▲ 810% |
| Income taxes67/77 | €27,000 | €22,055 | €2,907 | €9,283 | - | - |
| Profit (loss) for the period9904 | €184,263 | €31,722 | €5,529 | €24,558 | €307,920 | ▲ 1,154% |
| Profit (loss) for the period to be appropriated9905 | €184,263 | €31,722 | €5,529 | €24,558 | €307,920 | ▲ 1,154% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.2m | €1.1m | €1.0m | €5.5m | ▲ 434% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.1m | €1.0m | €5.3m | ▲ 423% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.1m | €1.0m | €3.2m | ▲ 213% |
| Land and buildings22 | - | - | - | €1.0m | €3.2m | ▲ 213% |
| Financial fixed assets28 | - | - | - | - | €2.1m | - |
| Current assets29/58 | €541,981 | €75,656 | €6,500 | €12,609 | €182,000 | ▲ 1,343% |
| Amounts receivable within one year40/41 | €564 | - | - | €12,405 | €165,625 | ▲ 1,235% |
| Other amounts receivable41 | - | - | - | €12,405 | €165,625 | ▲ 1,235% |
| Current investments50/53 | €453,885 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €87,532 | €75,656 | €6,500 | €205 | €16,374 | ▲ 7,903% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.2m | €1.1m | €1.0m | €5.5m | ▲ 434% |
| Equity10/15 | €386,523 | €418,245 | €423,774 | €448,332 | €2.3m | ▲ 422% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | - | €100,000 | €100,000 | = |
| Issued capital100 | - | - | - | €100,000 | €100,000 | = |
| Revaluation surpluses12 | - | - | - | - | €2.2m | - |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | - | - | - | €10,000 | €10,000 | = |
| Legal reserve130 | - | - | - | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €276,523 | €308,245 | €313,774 | €338,332 | €1,251 | ▼ 99.6% |
| Amounts payable17/49 | €1.4m | €822,836 | €671,914 | €577,226 | €3.1m | ▲ 444% |
| Amounts payable after more than one year17 | €437,630 | €362,630 | €287,500 | €212,500 | €2.4m | ▲ 1,019% |
| Financial debts170/4 | - | - | - | €212,500 | €2.4m | ▲ 1,019% |
| Amounts payable within one year42/48 | €959,489 | €454,880 | €384,414 | €364,726 | €760,877 | ▲ 109% |
| Current portion of amounts payable after more than one year42 | - | - | - | €81,250 | €31,473 | ▼ 61.3% |
| Trade debts44 | €7,824 | €7,928 | €18,837 | €4,173 | €5,115 | ▲ 22.6% |
| Suppliers440/4 | - | - | - | €4,173 | €5,115 | ▲ 22.6% |
| Taxes, remuneration and social security45 | - | - | - | €11,283 | €9,031 | ▼ 20.0% |
| Taxes450/3 | - | - | - | €11,283 | €9,031 | ▼ 20.0% |
| Other amounts payable47/48 | - | - | - | €268,021 | €715,257 | ▲ 167% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €184,263 | €31,722 | €5,529 | €24,558 | €307,920 | ▲ 1,154% |
| + Depreciation and write-downs630 | €76,236 | €76,236 | €76,237 | €76,239 | €76,372 | ▲ 0.2% |
| Operating cash flow (approximation) | €260,500 | €107,958 | €81,766 | €100,797 | €384,291 | ▲ 281% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€4.4m | - |
| Change in cash | - | -€11,876 | -€69,157 | -€6,295 | €16,170 | ▲ 357% |
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
2023
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €307,920 ▲1,154%
Operating result €326,169, net result €307,920, both a record.
31-12
Financial
Equity above €2mEq €2.3m ▲422%
5 profitable years in a row build equity to €2.3m.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
11-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €5,529 ▼82.6%
Net result drops to €5,529, the lowest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
12-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
22-05
NBB filing
Annual accounts filed
fiscal year 2013 · 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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Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: ROSELIMMO. The sources do not say who stands above it.
Owners 1
- DULEMparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the 2022 annual accounts of DENIMO 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.