DENIMO
InactiveOverview
Activity
Activity not known
Size
≈ €980,000turnover 2022, estimated
- Equity
- €2.3m
- Profit
- €307,920
Turnover estimated from the gross margin
Financial health
Inactive: no score
Structure
- Parent
- DULEM · 100%
2 of 9 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
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
2022
145 days early
2021
95 days early
2020
111 days early
2019
64 days early
2018
64 days early
2017
85 days early
2016
46 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 87 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Searched, nothing found (1)
- Resignations & appointments · Restructuring ·…Merger · Dissolution · Accounting…
- Annual accounts filedfinancial year 2022 · full…
- RestructuringMerger · Shareholding · Accounting…
Financials · financial year 2022, full format
Turnover
≈ €980,000
Estimated: probably between €590,000 and €1.7m
EBIT margin
Not included in this filing
Net result
€307,920▲ 13×
2021 · €24,558
Working capital
-€578,878▼ 64.4%
2021 · -€352,117
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 9.5 times 2021 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.3m
2022
Net result€0.3m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€5.5m
2022
Equity€2.3m
2022
Debt€3.1m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.6m
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€0.3m-€0.02m▼ 94.0%€0.01m▼ 37.8%€0.03m▲ 259%€0.3m▲ 846%
Net result€0.2m-€0.03m▼ 82.8%€0.006m▼ 82.6%€0.02m▲ 344%€0.3m▲ 13×
Equity€0.4m-€0.4m▲ 8.2%€0.4m▲ 1.3%€0.4m▲ 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-€0.8m▼ 41.1%€0.7m▼ 18.3%€0.6m▼ 14.1%€3.1m▲ 444%
Working capital-€0.4m--€0.4m▲ 9.2%-€0.4m▲ 0.3%-€0.4m▲ 6.8%-€0.6m▼ 64.4%
The turnover shown is an estimate from the gross margin.
Why a figure moved sharply
- 2019 Net result -83% on 2018. The accounts now follow the micro format, last year the abbreviated format.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €5.5m
Fixed assets
€5.3m ▲ 423%
Current assets
€182,000 ▲ 14×
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 · over 100
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 | ▲ 25× |
| Recurring financial charges65 | €45,964 | €1,796 | €1,215 | €726 | €18,275 | ▲ 25× |
| 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 | ▲ 13× |
| Profit (loss) for the period to be appropriated9905 | €184,263 | €31,722 | €5,529 | €24,558 | €307,920 | ▲ 13× |
| 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 | €0.5m | €0.08m | €0.006m | €0.01m | €0.2m | ▲ 14× |
| Amounts receivable within one year40/41 | €0.001m | - | - | €0.01m | €0.2m | ▲ 13× |
| Other amounts receivable41 | - | - | - | €0.01m | €0.2m | ▲ 13× |
| Current investments50/53 | €0.5m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.09m | €0.08m | €0.006m | €205 | €0.02m | ▲ 80× |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.2m | €1.1m | €1.0m | €5.5m | ▲ 434% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.4m | €2.3m | ▲ 422% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | = |
| Revaluation surpluses12 | - | - | - | - | €2.2m | - |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.3m | €0.3m | €0.001m | ▼ 99.6% |
| Amounts payable17/49 | €1.4m | €0.8m | €0.7m | €0.6m | €3.1m | ▲ 444% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.3m | €0.2m | €2.4m | ▲ 11× |
| Financial debts170/4 | - | - | - | €0.2m | €2.4m | ▲ 11× |
| Amounts payable within one year42/48 | €1.0m | €0.5m | €0.4m | €0.4m | €0.8m | ▲ 109% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.03m | ▼ 61.3% |
| Trade debts44 | €0.008m | €0.008m | €0.02m | €0.004m | €0.005m | ▲ 22.6% |
| Suppliers440/4 | - | - | - | €0.004m | €0.005m | ▲ 22.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.009m | ▼ 20.0% |
| Taxes450/3 | - | - | - | €0.01m | €0.009m | ▼ 20.0% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.7m | ▲ 167% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.03m | €0.006m | €0.02m | €0.3m | ▲ 13× |
| + Depreciation and write-downs630 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | ▲ 0.2% |
| Operating cash flow (approximation) | €0.3m | €0.1m | €0.08m | €0.1m | €0.4m | ▲ 281% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€4.4m | - |
| Change in cash | - | -€0.01m | -€0.07m | -€0.006m | €0.02m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 08-03-2023 | 2023-00036952 |
| 31-12-2021 | full format | 27-04-2022 | 2022-20012169 |
| 31-12-2020 | micro format | 11-04-2021 | 2021-10200014 |
| 31-12-2019 | micro format | 28-05-2020 | 2020-13400130 |
| 31-12-2018 | abbreviated format | 28-05-2019 | 2019-14900420 |
| 31-12-2017 | abbreviated format | 07-05-2018 | 2018-12400140 |
| 31-12-2016 | abbreviated format | 15-06-2017 | 2017-17700542 |
| 31-12-2015 | abbreviated format | 16-05-2016 | 2016-12500040 |
| 31-12-2014 | abbreviated format | 12-05-2015 | 2015-11700070 |
| 31-12-2013 | abbreviated format | 22-05-2014 | 2014-13000162 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 2 of 9 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
1 ownerChain of control
Highest known parent: ROSELIMMO. The sources do not say who stands above it.
Owners 1
-
100%
According to the 2022 annual accounts of DENIMO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 26-06-2023 ↗
- DULEM all shares
Stated in the act
act of 01-02-2023 ↗
- DULEM (BE 0420.466.096) all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 01-02-2023 Capital stated in the deed · €100,000 · 1,494 shares
Group and network
Connections & network
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Acquisitions and mergers
3 transactionsHistory
Acts, filings and financial milestones
2023
26-06
Gazette deed
Resignations & appointments · Restructuring · End & cessationMerger · Dissolution · Accounting effect11 facts ▸
Gazette deed
Resignations & appointments · Restructuring · End & cessation
Merger · Dissolution · Accounting effect11 facts ▸
- General meeting, 30-05-2023
- Merger, “approbation du projet de fusion, actionnaire unique de la société absorbée” (deed in French)
- Dissolution, “fusion, sans liquidation” (deed in French)
- Accounting effect, 01-01-2023
- Shareholding, DULEM
- Auditor report, “rapport à rédiger par le commissaire ou un expert-comptable externe, actionnaire unique de la société absorbée” (deed in French)
- Other provision, “Modalités d'établissement et d'approbation des comptes annuels - Décharge aux administrateurs”, 01-01-2023 (deed in French)
- Power of attorney, BASTIN Juan Bernard Pierre Martin Chantal Marie Ghislain
- Power of attorney, RAEDEMAECKER Sébastien Arnaud Raphaël
- Other provision, “adoption des résolutions” (deed in French)
- Merger, “article 12:50 du Code des sociétés et des associations”, 23-01-2023 (deed in French)
08-03
NBB filing
Annual accounts filed
financial year 2022 · full format
01-02
Gazette deed
RestructuringMerger · Shareholding · Accounting effect14 facts ▸
Gazette deed
Restructuring
Merger · Shareholding · Accounting effect14 facts ▸
- Board meeting, “projet, soumettre le projet de fusion aux assemblées générales des actionnaires” (deed in Dutch) (2 times)
- Merger, “opération assimilée à fusion par absorption, transfert de l'intégralité du patrimoine,activement et passivement,par suite de dissolution sans liquidation” (deed in Dutch)
- Shareholding, “actions”, 1494 (deed in Dutch)
- Accounting effect, 01-01-2023
- Other provision, “base bilantaire de la fusion, SA DENIMO au 2022-12-31” (deed in Dutch)
- Other provision, “droits spéciaux” (deed in Dutch)
- Other provision, “avantages particuliers aux organes de gestion” (deed in Dutch)
- Share cancellation, “actions SA DENIMO”, 1494 (deed in Dutch)
- Other provision, “rapport d'échange, application article 12:57,1° CSA,aucune action émise en échange” (deed in Dutch)
- Other provision, “articles 11 et 18 §3 Code TVA, régime fiscal” (deed in Dutch)
- Capital, €100,000
- Capital, €194,472.47
- +2 further facts in this act
2022
31-12
Financial
Highest result from 2018 to 2022net €307,920 ▲1,154%
Operating result €326,169, net result €307,920, both a record.
31-12
Financial
Equity above €2mequity €2.3m ▲422%
A profit in every financial year since 2018 builds equity to €2.3m.
27-04
NBB filing
Annual accounts filed
financial year 2021 · full format
2021
11-04
NBB filing
Annual accounts filed
financial year 2020 · micro format
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
financial year 2019 · micro format
2019
28-05
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
07-05
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
15-06
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Show earlier events
2016
16-05
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
2015
12-05
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format
2014
22-05
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 31 annual accounts filed, the latest 10 are here; all 31 are under Financials.
2 of 9 deeds read
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Inactive
Absorbed by DULEM in June 2023
DENIMO is no longer in the KBO register: DULEM took it over in a merger by absorption, published in the Belgian Official Gazette on 26 June 2023.
- Status
- Inactive
- Reason
- Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 26 June 2023 · act
- Absorbed by
- DULEM · 0420.466.096
- Last annual accounts
- financial year to 31 December 2022
- Last registered office
- Avenue Georges Henri 390, 1200 Woluwe-Saint-Lambertas published on 26 June 2023
- Legal form
- Public limited company
- Active since
- 1992 (first annual accounts)
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.