Checked.be
Active
BE 0757.587.123Private limited company
DIFM
Rijweg 169 ·3020 Herent, Belgium· 5 yrs active
Sector: Manufacture of furniture
(31009)
Conclusion
The computed 12-month bankruptcy probability of DIFM is 2.4% (moderate). The 2024 annual accounts show negative equity (€-173k) and a net result of €63k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 541 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €-173k |
| Net result | €63k |
| Staff (FTE) | 3.2 |
| Better than sector | 10% |
Financial profile
41
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
16
Profitability
0
Solvency
38
Growth
58
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2020, 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 Flags
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
16
/ 100
Critical
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
No credit
negative equity or figures too weak
Score history
50
2020
22
2021
21
2022
7
2023
16
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.73 (< 1.0)
-10
Quick ratio
Quick ratio 0.59 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
Negatieve ROE -36%
-10
Interest coverage
Interest coverage 8.9× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-05-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~38% of the level (threshold 35%). We therefore deliberately show no projection line.
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 31, Manufacture of furniture · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -44.4% | 38.8% | |
| Net result | €63k | €4k | |
| Equity | €-173k | €44k | |
| Gross operating margin | €290k | €28k | |
| Staff costs | €221k | €43k |
€74k
-
20-24
€63k
-
20-24
€64k
-
20-24
€390k
+57.6%
20-24
€-173k
+26.6%
20-24
€-146k
+24.4%
20-24
3
-20.0%
20-24
€221k
-25.4%
20-24
€2k
-31.4%
20-24
€563k
+16.5%
20-24
€535k
+22.0%
20-24
0.73
+30.0%
20-24
0.59
+17.2%
20-24
-44.4%
+53.4%
20-24
-3.25
-58.8%
20-24
-36.3%
-
20-24
16.1%
-
20-24
8.88
-
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €74k | €-173k | €8k | - | - |
| Net profit | €63k | €-178k | €8k | €-72k | €-4k |
| Cash flow | €64k | €-177k | €8k | - | - |
| Staff costs | €221k | €296k | €205k | €145k | - |
| Income taxes | €2k | €3k | €985 | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €390k | €247k | €204k | €141k | €49k |
| Equity | €-173k | €-236k | €-58k | €-66k | €6k |
| Debt | €563k | €483k | €262k | €207k | €43k |
| of which ≤ 1y | €535k | €439k | €262k | €207k | €43k |
| of which > 1y | - | - | - | - | - |
| Working capital | €-146k | €-194k | €-61k | €-66k | €6k |
| Employees (FTE) | 3.2 | 4.0 | 3.6 | 2.9 | 0.3 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 0.73 | 0.56 | 0.77 | 0.68 | 1.15 |
| Quick ratio | 0.59 | 0.51 | 0.69 | 0.68 | 1.15 |
| Working capital ratio | -37.5% | -78.3% | -29.8% | -46.6% | 13.1% |
| Solvency | -44.4% | -95.4% | -28.5% | -46.6% | 13.1% |
| Debt / equity | -3.25 | -2.05 | -4.51 | -3.14 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 8.88 | -109.99 | 21.51 | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 16.1% | -71.9% | 3.8% | -51.2% | -7.3% |
| ROE | -36.3% | 75.4% | -13.5% | 109.7% | -55.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €390k | €247k | €204k | €141k | €49k |
| Fixed assets | 21/28 | €921 | €2k | €3k | - | - |
| Tangible fixed assets | 22/27 | €921 | €2k | €3k | - | - |
| Current assets | 29/58 | €389k | €245k | €201k | €141k | €49k |
| Stocks & contracts in progress | 3 | €71k | €23k | €20k | - | - |
| Amounts receivable within one year | 40/41 | €293k | €165k | €152k | €138k | €24k |
| Cash & bank | 54/58 | €4k | €53k | €29k | - | €25k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €390k | €247k | €204k | €141k | €49k |
| Equity | 10/15 | €-173k | €-236k | €-58k | €-66k | €6k |
| Contributions / capital | 10/11 | €10k | €10k | €10k | €10k | - |
| Accumulated profits (losses) | 14 | €-183k | €-246k | €-68k | €-76k | €-4k |
| Amounts payable | 17/49 | €563k | €483k | €262k | €207k | €43k |
| Amounts payable within one year | 42/48 | €535k | €439k | €262k | €207k | €43k |
| Trade debts payable within one year | 44 | €257k | €201k | €41k | €160k | €40k |
| Income statement | ||||||
| Gross operating margin | 9900 | €290k | €260k | €216k | €74k | €17k |
| Operating result | 9901 | €73k | €-174k | €8k | €-71k | €-4k |
| Financial income | 75 | €163 | €687 | €1k | €217 | €0 |
| Financial charges | 65 | €8k | €2k | €395 | €2k | - |
| Result before taxes | 9903 | €65k | €-175k | €9k | €-72k | €-4k |
| Income taxes | 67/77 | €2k | €3k | €985 | - | - |
| Net result for the period | 9904 | €63k | €-178k | €8k | €-72k | €-4k |
| Result to be appropriated | 9905 | €63k | €-178k | €8k | €-72k | €-4k |
Legal Structure
| NACE primary | Manufacture of furniture(31009) |
| Legal form | Private limited company(610) |
| Incorporation | 28-10-2020 |
| Status | Active |
| Postal code | 3020 |
Establishment units
DIFM
since 20202.310.325.115
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24423H0194/00V003 | Flanders | 1.7 ha | 1 · 1.0 ha | 49.0 m · 3 fl. |
| 24423H0194/00E003 | Flanders | 9,612 m² | 1 · 129 m² | 6.5 m · 2 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
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-178k ▼2369%
Net result drops to €-178k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 108 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of furniture31009Joinery installation43320Agents in the wholesale of timber and building materials46130
Names & trade names
| Legal nameNL | DIFM |
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