DHAGRAMEAT PROJECTS
ActiveSummary
DHAGRAMEAT PROJECTS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €866k and a net result of €72k. Equity is shrinking by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▲+8
Solvency36▲+1
Growth72=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.21 in 2024; short-term debt: 66.7% and cash: 5.4% of total assets), and 89.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
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
10.7%
Return on assets
0.9%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €866k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
29 d early
2023
41 d early
2022
5 d early
2021
2 d late
2020
89 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€7.04M▲ 61.1%
2019 · €4.37M
2019: €4.37M
2020: €7.04M▲ +61.1% vs 2019
2019 → 2020
EBIT margin
0.0%▼ 0.6pp
2019 · 0.5%
2019: 0.5%
2020: 0.0%▼ -102% vs 2019
2019 → 2020
Net result
€72k▲ 15.3%
2024 · €63k
2019: €-2klowest in 7 years
2020: €13k▲ +747% vs 2019
2021: €68k▲ +419% vs 2020
2022: €73k▲ +7.2% vs 2021highest in 7 years
2023: €22k▼ -69.6% vs 2022
2024: €63k▲ +182% vs 2023
2025: €72k▲ +15.3% vs 2024
2019 → 2025
Working capital
€-4.15M▲ 4.7%
2024 · €-4.36M
2019: €399khighest in 7 years
2020: €-368k▼ -192% vs 2019
2021: €68k▲ +118% vs 2020
2022: €-1.24M▼ -1941% vs 2021
2023: €-3.48M▼ -180% vs 2022
2024: €-4.36M▼ -25.3% vs 2023lowest in 7 years
2025: €-4.15M▲ +4.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.26M-€2.33M▲ 3.3%€731k▼ 68.6%€794k▲ 8.6%€866k▲ 9.1%
2021: €2.26M
2022: €2.33M▲ +3.3% vs 2021highest in 5 years
2023: €731k▼ -68.6% vs 2022lowest in 5 years
2024: €794k▲ +8.6% vs 2023
2025: €866k▲ +9.1% vs 2024
Operating result€105k-€121k▲ 15.0%€102k▼ 15.4%€105k▲ 3.0%€157k▲ 49.1%
2021: €105k
2022: €121k▲ +15.0% vs 2021
2023: €102k▼ -15.4% vs 2022lowest in 5 years
2024: €105k▲ +3.0% vs 2023
2025: €157k▲ +49.1% vs 2024highest in 5 years
Net result€68k-€73k▲ 7.2%€22k▼ 69.6%€63k▲ 182%€72k▲ 15.3%
2021: €68k
2022: €73k▲ +7.2% vs 2021highest in 5 years
2023: €22k▼ -69.6% vs 2022lowest in 5 years
2024: €63k▲ +182% vs 2023
2025: €72k▲ +15.3% vs 2024
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 49% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.08M
Fixed assets
€6.84M ▲ 6.7%
Current assets
€1.24M ▲ 7.0%
Equity and liabilities €8.08M
Equity
€866k ▲ 9.1%
Debt
€7.21M ▲ 6.5%
Debt's share of the balance-sheet total falls from 89.5% to 89.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€388k▲
2024 · €320k
Cash flow
€303k▲
2024 · €277k
Current ratio
0.23▲
2024 · 0.21
Debt to equity
8.33▼
2024 · 8.54
ROE
8.4%▲
2024 · 7.9%
ROA
0.9%▲
2024 · 0.8%
Interest coverage
4.64▲
2024 · 3.73
Debt ≤ 1 year
€5.39M▼
2024 · €5.51M
Debt > 1 year
€1.82M▲
2024 · €1.26M
Income taxes
€24k▲
2024 · €11k
Staff costs
€728▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.57M€8.08M▲
Fixed assets21/28€6.41M€6.84M▲
Tangible fixed assets22/27€2.19M€2.62M▲
Land and buildings22€364k€744k▲
Plant, machinery and equipment23€766k€668k▼
Furniture and vehicles24€160k€264k▲
Other tangible fixed assets26€896k€940k▲
Financial fixed assets28€4.23M€4.23M=
Current assets29/58€1.16M€1.24M▲
Amounts receivable within one year40/41€109k€680k▲
Trade receivables40€77k€96k▲
Other amounts receivable41€32k€584k▲
Current investments50/53€438k€104k▼
Cash at bank and in hand54/58€601k€438k▼
Deferred charges and accrued income490/1€8k€14k▲
Equity and liabilities
Total equity and liabilities10/49€7.57M€8.08M▲
Equity10/15€794k€866k▲
Contributions10/11€19k€19k=
Reserves13€775k€847k▲
Distributable reserves133€775k€847k▲
Amounts payable17/49€6.78M€7.21M▲
Amounts payable after more than one year17€1.26M€1.82M▲
Financial debts170/4€1.26M€1.82M▲
Amounts payable within one year42/48€5.51M€5.39M▼
Current portion of amounts payable after more than one year42€347k€435k▲
Financial debts43€500k€0▼
Other loans439€500k€0▼
Trade debts44€151k€225k▲
Suppliers440/4€151k€225k▲
Taxes, remuneration and social security45€3k€13k▲
Taxes450/3€3k€13k▲
Other amounts payable47/48€4.51M€4.72M▲
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Non-recurring operating income76A-€24k
Remuneration, social security and pensions62€1k€728▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€215k€231k▲
Other operating charges640/8€18k€33k▲
Gross operating margin9900€339k€422k▲
Operating profit (loss)9901€105k€157k▲
Financial income75/76B€54k€23k▼
Recurring financial income75€54k€23k▼
Financial charges65/66B€86k€84k▼
Recurring financial charges65€86k€84k▼
Profit (loss) for the period before taxes9903€73k€97k▲
Income taxes67/77€11k€24k▲
Profit (loss) for the period9904€63k€72k▲
Profit (loss) for the period to be appropriated9905€63k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€63k€72k▲
Transfer to equity691/2€63k€72k▲
To the legal reserve6920€0-
To other reserves6921€63k€72k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €9k | €0 | - | €24k | - |
| Remuneration, social security and pensions62 | - | €969 | €1k | €1k | €728 | ▼ 33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €226k | €212k | €221k | €215k | €231k | ▲ 7.5% |
| Other operating charges640/8 | - | €17k | €4k | €18k | €33k | ▲ 85.2% |
| Gross operating margin9900 | €361k | €351k | €328k | €339k | €422k | ▲ 24.4% |
| Operating profit (loss)9901 | €105k | €121k | €102k | €105k | €157k | ▲ 49.1% |
| Financial income75/76B | - | €9k | €3k | €54k | €23k | ▼ 56.6% |
| Recurring financial income75 | €21k | €9k | €3k | €54k | €23k | ▼ 56.6% |
| Financial charges65/66B | - | €30k | €71k | €86k | €84k | ▼ 2.7% |
| Recurring financial charges65 | €34k | €30k | €71k | €86k | €84k | ▼ 2.7% |
| Profit (loss) for the period before taxes9903 | €93k | €100k | €34k | €73k | €97k | ▲ 32.1% |
| Income taxes67/77 | €24k | €27k | €12k | €11k | €24k | ▲ 131% |
| Profit (loss) for the period9904 | €68k | €73k | €22k | €63k | €72k | ▲ 15.3% |
| Profit (loss) for the period to be appropriated9905 | €68k | €73k | €22k | €63k | €72k | ▲ 15.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.16M | €6.98M | €7.20M | €7.57M | €8.08M | ▲ 6.7% |
| Fixed assets21/28 | €2.64M | €5.50M | €5.82M | €6.41M | €6.84M | ▲ 6.7% |
| Tangible fixed assets22/27 | €1.73M | €1.75M | €1.93M | €2.19M | €2.62M | ▲ 19.7% |
| Land and buildings22 | - | €464k | €395k | €364k | €744k | ▲ 104% |
| Plant, machinery and equipment23 | - | €618k | €628k | €766k | €668k | ▼ 12.8% |
| Furniture and vehicles24 | - | €161k | €217k | €160k | €264k | ▲ 64.5% |
| Other tangible fixed assets26 | - | €503k | €687k | €896k | €940k | ▲ 4.9% |
| Financial fixed assets28 | €906k | €3.76M | €3.90M | €4.23M | €4.23M | = |
| Current assets29/58 | €1.52M | €1.48M | €1.38M | €1.16M | €1.24M | ▲ 7.0% |
| Amounts receivable within one year40/41 | €171k | €84k | €121k | €109k | €680k | ▲ 523% |
| Trade receivables40 | - | €38k | €76k | €77k | €96k | ▲ 24.2% |
| Other amounts receivable41 | - | €46k | €46k | €32k | €584k | ▲ 1,731% |
| Current investments50/53 | €754k | €762k | €765k | €438k | €104k | ▼ 76.3% |
| Cash at bank and in hand54/58 | €583k | €620k | €475k | €601k | €438k | ▼ 27.1% |
| Deferred charges and accrued income490/1 | - | €9k | €14k | €8k | €14k | ▲ 87.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.16M | €6.98M | €7.20M | €7.57M | €8.08M | ▲ 6.7% |
| Equity10/15 | €2.26M | €2.33M | €731k | €794k | €866k | ▲ 9.1% |
| Contributions10/11 | - | €1.64M | €19k | €19k | €19k | = |
| Reserves13 | €617k | €690k | €712k | €775k | €847k | ▲ 9.3% |
| Distributable reserves133 | - | €690k | €712k | €775k | €847k | ▲ 9.3% |
| Amounts payable17/49 | €1.90M | €4.65M | €6.47M | €6.78M | €7.21M | ▲ 6.5% |
| Amounts payable after more than one year17 | €448k | €1.93M | €1.61M | €1.26M | €1.82M | ▲ 44.6% |
| Financial debts170/4 | - | €1.93M | €1.61M | €1.26M | €1.82M | ▲ 44.6% |
| Amounts payable within one year42/48 | €1.45M | €2.72M | €4.85M | €5.51M | €5.39M | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €399k | €410k | €347k | €435k | ▲ 25.5% |
| Financial debts43 | - | €500k | €500k | €500k | €0 | ▼ 100% |
| Other loans439 | - | €500k | €500k | €500k | €0 | ▼ 100% |
| Trade debts44 | €518k | €411k | €206k | €151k | €225k | ▲ 48.9% |
| Suppliers440/4 | - | €411k | €206k | €151k | €225k | ▲ 48.9% |
| Taxes, remuneration and social security45 | - | €4k | €3k | €3k | €13k | ▲ 308% |
| Taxes450/3 | - | €4k | €3k | €3k | €13k | ▲ 308% |
| Other amounts payable47/48 | - | €1.40M | €3.73M | €4.51M | €4.72M | ▲ 4.5% |
| Accrued charges and deferred income492/3 | - | €0 | €8k | €2k | €1k | ▼ 54.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68k | €73k | €22k | €63k | €72k | ▲ 15.3% |
| + Depreciation and write-downs630 | €226k | €212k | €221k | €215k | €231k | ▲ 7.5% |
| Operating cash flow (approximation) | €295k | €285k | €243k | €277k | €303k | ▲ 9.3% |
| Investment in fixed assets (approximation) | - | €-3.08M | €-543k | €-805k | €-661k | ▲ 18.0% |
| Change in cash | - | €37k | €-145k | €126k | €-163k | ▼ 229% |
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
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €73k ▲7.2%
Net result €73k, the highest in the series.
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Zwevegem · 1 establishment unit since 2017
Ground area
5,304 m²
Building footprint
2,581 m²
Volume, LiDAR
22,114 m³
Parcel 34028B0483/00D000, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Nijverheidslaan(M) 13, 8552 Zwevegem
since 20172.272.596.667
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34028B0483/00D000 | Flanders | 5,304 m² | 1 · 2,581 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300ISIGX0NQ38OU34
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 4,908 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-11-1995
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
10111Manufacture of food products
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Scores and ratios are computed by Checked and are not a credit decision.