Active BE 0777.647.812Private limited company

DIAN MK

Abdijstraat 220 ·2020 Antwerpen, Belgium· 4 yrs active

Sector: Retail sale of bread and pastry (bakery outlets) (47241)

Conclusion Checked

The computed 12-month bankruptcy probability of DIAN MK is 2.9% (moderate). The 2024 annual accounts show equity of €34k and a net result of €4k. Equity is growing by ~53.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 26065 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€34k
Net result	€4k
Better than sector	54%
Active	4 yrs

Financial profile 5 of 5 axes measured · computed by Checked

77 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 81

Profitability 64

Solvency 69

Growth 78

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

2.9% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

81 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€3k

estimate, not credit advice

Score history

53 2022

94 2023

81 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.50 (≥ 1.0) +5

Quick ratio Quick ratio 1.44 (≥ 1.0) +5

Leverage Debt/equity 1.70 (< 2.0) +3

Profitability ROE 13% (≥ 10%) +10

Interest coverage Interest coverage 11.3× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 23-06-2025 with the NBB · fiscal year 2024 · micro schema

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~53.8%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	37.0%	32.3%	better than 54% of 26065 sector peers
Net result	€4k	€4k	better than 50% of 26033 sector peers
Equity	€34k	€39k	better than 48% of 26125 sector peers
Gross operating margin	€99k	€31k	better than 78% of 25989 sector peers
Staff costs	€88k	€38k	higher than 78% of 12217 sector peers

Revenue

€180k

- 22-24

EBITDA

€9k

-77.1% 22-24

Net profit

€4k

-84.3% 22-24

Cash flow

€7k

-76.6% 22-24

Total assets

€93k

+22.8% 22-24

Equity

€34k

+14.6% 22-24

Working capital

€29k

+21.8% 22-24

Staff costs

€88k

+37.8% 22-24

Income taxes

€2k

-81.7% 22-24

Debt

€58k

+28.2% 22-24

Debt ≤ 1y

€58k

+28.2% 22-24

Current ratio

1.50

-1.7% 22-24

Quick ratio

1.44

-0.4% 22-24

Solvency

37.0%

-6.7% 22-24

Debt / equity

1.70

+11.9% 22-24

ROE

12.7%

-86.3% 22-24

ROA

4.7%

-87.2% 22-24

Net margin

0.1%

- 22-24

Interest coverage

11.32

-33.7% 22-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022
Deposit	micro schema	micro schema	full schema
Revenue	-	-	€180k
EBITDA	€9k	€39k	-
Net profit	€4k	€28k	€103
Cash flow	€7k	€28k	-
Staff costs	€88k	€64k	€28k
Income taxes	€2k	€9k	€936
Dividends	-	-	-
Total assets	€93k	€76k	€31k
Equity	€34k	€30k	€2k
Debt	€58k	€46k	€29k
of which ≤ 1y	€58k	€46k	€29k
of which > 1y	-	-	-
Working capital	€29k	€24k	€2k
Employees (FTE)	-	-	-

Note: these years are not on the same basis. The filed schemas differ (micro schema, full schema), so the columns are not directly comparable.

Ratios (computed)

	2024	2023	2022
Current ratio	1.50	1.52	1.07
Quick ratio	1.44	1.44	1.01
Working capital ratio	31.3%	31.5%	6.8%
Solvency	37.0%	39.7%	6.8%
Debt / equity	1.70	1.52	13.69
Long-term debt ratio	-	-	-
Interest coverage	11.32	17.09	-
Gross margin	-	-	18.3%
Net margin	-	-	0.1%
ROA	4.7%	36.9%	0.3%
ROE	12.7%	93.0%	4.9%
EBITDA margin	-	-	-
Days sales outstanding	-	-	3d
Days payable outstanding	-	-	35d
Inventory turnover	-	-	85.49
Days inventory (DSI)	-	-	4d

Balance-sheet composition 2024

Assets

Fixed assets €5k · 5.8% Current assets €87k · 94.2%

Equity & liabilities

Equity €34k · 37.0% Debt €58k · 63.0%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€93k	€76k	€31k
Fixed assets	21/28	€5k	€6k	-
Tangible fixed assets	22/27	€5k	€6k	-
Current assets	29/58	€87k	€69k	€31k
Stocks & contracts in progress	3	€3k	€4k	€2k
Amounts receivable within one year	40/41	€6k	€10k	€1k
Cash & bank	54/58	€78k	€55k	€28k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€93k	€76k	€31k
Equity	10/15	€34k	€30k	€2k
Contributions / capital	10/11	€2k	€2k	€2k
Accumulated profits (losses)	14	€32k	€28k	€103
Amounts payable	17/49	€58k	€46k	€29k
Amounts payable within one year	42/48	€58k	€46k	€29k
Trade debts payable within one year	44	€19k	€25k	€14k
Income statement
Turnover	70	-	-	€180k
Gross operating margin	9900	€99k	€109k	€33k
Operating result	9901	€7k	€39k	€2k
Financial income	75	€0	-	-
Financial charges	65	€790	€2k	€659
Result before taxes	9903	€6k	€36k	€1k
Income taxes	67/77	€2k	€9k	€936
Net result for the period	9904	€4k	€28k	€103
Result to be appropriated	9905	€4k	€28k	€103

Legal Structure

NACE primary	Retail sale of bread and pastry (bakery outlets)(47241)
Legal form	Private limited company(610)
Incorporation	24-11-2021
Status	Active
Postal code	2020

Establishment units 2 locations

DIAN MK

Van Heetveldelei 50, 2100 AntwerpenRetail sale of bread and pastry (bakery outlets)

since 20212.324.502.951

DIAN MK

Abdijstraat 220, 2020 AntwerpenRetail sale of bread and pastry (bakery outlets)

since 20262.390.032.488

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11342A0103/00A009	Flanders	1,036 m²	1 · 219 m²	9.5 m · 3 fl.
11809I2410/00N011	Flanders	140 m²	1 · 103 m²	11.7 m · 1 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 4 events

All 5Financial 1Gazette 1Filings 3

2025

23-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

16-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 289 days late

2023

31-12

Financial Highest result since 2022net €28k ▲26843%

Operating result €39k, net result €28k, both a record.

01-09

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 32 days late

2022

07-03

State Gazette act Capital & shares

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

Capital history · 1

07-03-2022

Capital change

All acts · 1 updated 4 years ago

2022

07-03-2022 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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    {
      "kind": "eenhoofdigheid_declaration",
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      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "EL Hasnaoui Mohamed",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        }
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      "decrease_purpose": null,
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      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": null,
    "filing_date": "2022-02-21",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "act_date": "2022-02-21",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2022-02-01"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0777.647.812",
    "name_full": "DIAN MK",
    "legal_form": "Besloten vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": 100.0,
      "kind": "person",
      "name": "EL Hasnaoui Mohamed",
      "role": "aandeelhouder",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Retail sale of bread and pastry (bakery outlets)47241

Names & trade names

Legal nameNL

DIAN MK

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