Losses
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Seven of the last ten came late. The 2023 accounts came latest: 29 days after the end of the period.
Lower net result than 85% of companies in fabricated metal products. Sector median €11,780 · 2,515 companies.
In July 2024, 6,920 companies had the same profile as DLM & Co has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,920 companies, not a prediction for DLM & Co. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| DLM & Co Ath | €281,574 | €8,958 | 58.5% | - |
| De Rycke Construction métallique sprl Péruwelz | €222,848 | €14,861 | 8.8% | - |
| A.C.A.C. Kapellen | €222,645 | €12,611 | 33.3% | - |
| PRO-CV Merksplas | €290,346 | €13,443 | 94.4% | - |
| VOLTAIQUE Tervuren | €195,339 | €10,944 | 96.4% | - |
| ENERGYWISE Hoegaarden | €180,136 | €12,371 | -36.1% | - |
| KAREX-SERVICE Deerlijk | €178,001 | €13,020 | 55.2% | - |
These companies have the same main activity as DLM & Co: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €178,000 and €290,000, founded between 2005 and 2009.
DLM & Co files the micro format. That format states no turnover. The gross margin fell from €27,865 in 2009 to €8,958 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €61,000. Estimated: probably between €26,000 and €120,000.
Higher than 63% of 2,515 companies in 2025.
Higher than 95% of 2,473 companies in 2025.
Higher than 18% of 2,494 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
281,574 | 293,911 | 322,613 | 360,793 | 298,690 | 288,482 | 291,236 | 179,800 | 149,948 | 149,018 | 139,620 | 144,977 | 125,995 | 152,862 | 157,160 | 95,903 | 74,143 | |
21/28 |
140,615 | 151,179 | 135,253 | 143,194 | 171,611 | 178,961 | 174,354 | 31,560 | 34,893 | 44,927 | 53,259 | 64,587 | 63,215 | 65,688 | 79,141 | 19,549 | 27,069 | |
22/27 |
140,615 | 151,179 | 135,253 | 143,194 | 171,611 | 178,961 | 174,354 | 31,560 | 34,893 | 44,927 | 53,259 | 64,587 | 63,215 | 65,688 | 79,141 | 19,549 | 27,069 | |
22 |
121,403 | 126,871 | 132,339 | 137,807 | 164,801 | 173,157 | 167,618 | 30,237 | 33,627 | 37,205 | 41,127 | 46,802 | 53,378 | 59,714 | 67,436 | - | - | |
23 |
639 | 1,074 | 1,648 | 2,222 | 856 | 1,304 | 736 | 1,323 | 868 | 3,219 | 4,123 | 6,185 | 8,291 | 99 | 166 | 744 | 1,638 | |
24 |
18,572 | 23,234 | 1,266 | 3,166 | 5,953 | 4,500 | 6,000 | - | 399 | 4,504 | 8,009 | 11,600 | 1,546 | 5,875 | 11,539 | 18,805 | 25,431 | |
29/58 |
140,959 | 142,732 | 187,360 | 217,598 | 127,079 | 109,521 | 116,882 | 148,240 | 115,054 | 104,091 | 86,361 | 80,390 | 62,780 | 87,174 | 78,019 | 76,354 | 47,074 | |
3 |
- | - | - | - | - | - | - | - | - | - | 2,156 | 2,669 | - | - | - | - | - | |
30/36 |
- | - | - | - | - | - | - | - | - | - | 2,156 | 2,669 | - | - | - | - | - | |
40/41 |
1,841 | 11,709 | 15,608 | 21,831 | 13,631 | 10,056 | 6,992 | 10,023 | 7,535 | 18,131 | 8,902 | 29,770 | 6,609 | 3,761 | 13,169 | 11,138 | 5,779 | |
40 |
1,114 | 8,979 | 13,894 | 20,521 | 11,931 | 7,976 | 6,308 | 7,847 | 3,898 | 12,269 | 6,354 | 23,955 | 6,535 | 1,684 | 12,204 | 9,539 | 2,657 | |
41 |
727 | 2,730 | 1,714 | 1,311 | 1,700 | 2,080 | 684 | 2,177 | 3,637 | 5,862 | 2,548 | 5,815 | 74 | 2,077 | 965 | 1,599 | 3,122 | |
50/53 |
32,837 | 32,825 | 82,197 | 96,188 | 96,154 | 86,295 | 101,043 | 100,297 | 100,205 | 60,025 | 43,738 | 33,704 | 50,214 | 60,355 | 60,622 | - | - | |
54/58 |
104,931 | 97,486 | 88,868 | 98,406 | 16,044 | 11,944 | 7,649 | 36,516 | 5,533 | 24,801 | 30,452 | 13,189 | 4,920 | 22,006 | 3,211 | 64,230 | 40,331 | |
490/1 |
1,350 | 712 | 687 | 1,172 | 1,249 | 1,225 | 1,198 | 1,403 | 1,781 | 1,133 | 1,113 | 1,058 | 1,037 | 1,052 | 1,017 | 986 | 964 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
281,574 | 293,911 | 322,613 | 360,793 | 298,690 | 288,482 | 291,236 | 179,800 | 149,948 | 149,018 | 139,620 | 144,977 | 125,995 | 152,862 | 157,160 | 95,903 | 74,143 | |
10/15 |
164,820 | 171,977 | 192,027 | 217,819 | 163,834 | 144,774 | 143,787 | 140,642 | 110,968 | 104,570 | 88,743 | 86,989 | 68,358 | 74,100 | 71,343 | 55,708 | 24,645 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
172,015 | 172,015 | 172,015 | 172,015 | 128,160 | 128,160 | 128,160 | 128,160 | 98,560 | 92,160 | 76,260 | 74,460 | 55,860 | 61,660 | 58,860 | 43,260 | 12,212 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 612 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
132 |
43,855 | 43,855 | 43,855 | 43,855 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
126,300 | 126,300 | 126,300 | 126,300 | 126,300 | 126,300 | 126,300 | 126,300 | 96,700 | 90,300 | 74,400 | 72,600 | 54,000 | 59,800 | 57,000 | 41,400 | 11,600 | |
14 |
-19,595 | -12,438 | 7,612 | 33,404 | 23,274 | 4,214 | 3,227 | 82 | 8 | 10 | 83 | 129 | 98 | 40 | 83 | 48 | 33 | |
16 |
14,618 | 14,618 | 14,618 | 14,618 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
14,618 | 14,618 | 14,618 | 14,618 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
102,136 | 107,316 | 115,968 | 128,355 | 134,856 | 143,708 | 147,449 | 39,158 | 38,979 | 44,448 | 50,877 | 57,988 | 57,637 | 78,762 | 85,817 | 40,195 | 49,498 | |
17 |
91,170 | 97,526 | 103,743 | 109,824 | 115,771 | 121,588 | 125,995 | 10,725 | 18,398 | 25,769 | 32,849 | 39,649 | 46,181 | 52,454 | 65,308 | 14,581 | 23,192 | |
170/4 |
91,170 | 97,526 | 103,743 | 109,824 | 115,771 | 121,588 | 125,995 | 10,725 | 18,398 | 25,769 | 32,849 | 39,649 | 46,181 | 52,454 | 65,308 | 14,581 | 23,192 | |
42/48 |
10,967 | 9,790 | 12,225 | 18,532 | 19,085 | 22,120 | 21,454 | 28,434 | 20,581 | 18,679 | 18,028 | 18,339 | 11,456 | 26,308 | 20,509 | 25,614 | 26,306 | |
42 |
6,356 | 6,217 | 6,081 | 5,947 | 5,817 | 8,425 | 11,713 | 7,674 | 7,371 | 7,080 | 6,800 | 6,532 | 6,274 | 12,854 | 13,541 | 8,612 | 8,294 | |
44 |
- | - | - | - | 7,554 | 2,017 | 5,017 | - | 1,518 | - | 4,104 | 76 | 539 | 7,926 | - | - | 5,036 | |
440/4 |
- | - | - | - | 7,554 | 2,017 | 5,017 | - | 1,518 | - | 4,104 | 76 | 539 | 7,926 | - | - | 5,036 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | 595 | - | - | - | - | |
45 |
2,927 | 1,329 | 837 | 4,364 | 3,069 | 3,270 | 2,773 | 18,473 | 7,547 | 10,206 | 5,616 | 9,838 | 3,221 | 5,445 | 6,132 | 16,896 | 11,002 | |
450/3 |
2,827 | 1,229 | 737 | 4,364 | 3,069 | 3,270 | 2,773 | 16,473 | 7,547 | 10,206 | 2,116 | 7,838 | 3,221 | 2,786 | 6,132 | 16,896 | 11,002 | |
454/9 |
100 | 100 | 100 | - | - | - | - | 2,000 | - | - | 3,500 | 2,000 | - | 2,659 | - | - | - | |
47/48 |
1,684 | 2,244 | 5,308 | 8,221 | 2,646 | 8,409 | 1,951 | 2,287 | 4,145 | 1,393 | 1,508 | 1,893 | 827 | 83 | 836 | 106 | 1,974 | |
| Income statement | ||||||||||||||||||
9900 |
8,958 | -4,147 | -14,245 | 85,744 | 22,560 | 16,404 | 34,344 | 50,588 | 20,096 | 34,419 | 17,850 | 39,572 | 12,018 | 21,795 | 42,597 | 52,197 | 27,865 | |
630 |
11,816 | 9,867 | 7,942 | 7,562 | 10,349 | 10,264 | 9,650 | 4,574 | 10,034 | 10,618 | 12,413 | 12,629 | 14,627 | 14,653 | 16,592 | 8,405 | 10,699 | |
640/8 |
1,223 | 3,059 | 1,348 | 1,837 | 1,670 | 1,625 | 17,847 | 1,009 | 539 | 1,086 | 966 | 1,044 | 992 | 907 | 641 | 988 | 127 | |
9901 |
-4,081 | -17,074 | -23,535 | 76,345 | 10,541 | 4,516 | 6,847 | 45,004 | 9,523 | 22,715 | 4,471 | 25,899 | -3,601 | 6,235 | 25,364 | 42,804 | 17,039 | |
75/76B |
13 | 6 | 233 | 34 | 14,859 | 319 | 746 | 93 | 196 | 61 | 47 | 204 | 305 | 464 | 784 | 321 | - | |
75 |
13 | 6 | 233 | 34 | 14,859 | 319 | 746 | 93 | 196 | 61 | 47 | 204 | 305 | 464 | 784 | 321 | - | |
65/66B |
2,359 | 2,494 | 2,624 | 2,734 | 2,896 | 3,251 | 3,074 | 998 | 1,235 | 1,528 | 1,831 | 2,047 | 2,425 | 2,942 | 3,296 | 1,051 | 160 | |
65 |
2,359 | 2,494 | 2,624 | 2,734 | 2,896 | 3,251 | 3,074 | 998 | 1,235 | 1,528 | 1,831 | 2,047 | 2,425 | 2,942 | 3,296 | 1,051 | 160 | |
9903 |
-6,426 | -19,562 | -25,927 | 73,645 | 22,504 | 1,583 | 4,518 | 44,100 | 8,484 | 21,248 | 2,687 | 24,056 | -5,721 | 3,757 | 22,852 | 42,074 | 16,879 | |
680 |
- | - | - | 14,618 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
731 | 488 | -134 | 3,542 | 1,944 | 596 | 1,373 | 14,426 | 2,086 | 5,421 | 933 | 5,425 | 21 | 1,000 | 7,217 | 11,011 | 4,634 | |
9904 |
-7,157 | -20,050 | -25,792 | 55,485 | 20,560 | 987 | 3,145 | 29,673 | 6,398 | 15,827 | 1,754 | 18,631 | -5,742 | 2,757 | 15,635 | 31,063 | 12,245 | |
689 |
- | - | - | 43,855 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
-7,157 | -20,050 | -25,792 | 11,630 | 20,560 | 987 | 3,145 | 29,673 | 6,398 | 15,827 | 1,754 | 18,631 | -5,742 | 2,757 | 15,635 | 31,063 | 12,245 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-19,595 | -12,438 | 7,612 | 34,904 | 24,774 | 4,214 | 3,227 | 29,682 | 6,408 | 15,910 | 1,883 | 18,729 | -5,702 | 2,840 | 15,683 | 31,096 | 12,245 | |
14P |
-12,438 | 7,612 | 33,404 | 23,274 | 4,214 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 5,800 | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 29,600 | 6,400 | 15,900 | 1,800 | 18,600 | - | 2,800 | 15,600 | 31,048 | 12,212 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,248 | 612 | |
6921 |
- | - | - | - | - | - | - | 29,600 | 6,400 | 15,900 | 1,800 | 18,600 | - | 2,800 | 15,600 | 29,800 | 11,600 | |
694/7 |
- | - | - | 1,500 | 1,500 | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | 1,500 | 1,500 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00228485 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00442215 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00400532 | |
| 31-12-2022 | micro format | 24-08-2023 | 2023-00349159 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20302748 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-55200175 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-46500501 | |
| 31-12-2018 | micro format | 20-08-2019 | 2019-47700370 | |
| 31-12-2017 | micro format | 12-07-2018 | 2018-32500257 | |
| 31-12-2016 | micro format | 21-06-2017 | 2017-19700211 | |
| 31-12-2015 | full format | 27-06-2016 | 2016-22700146 | |
| 31-12-2014 | full format | 19-06-2015 | 2015-19300348 | |
| 31-12-2013 | full format | 27-06-2014 | 2014-24800554 | |
| 31-12-2012 | full format | 07-06-2013 | 2013-16100450 | |
| 31-12-2011 | full format | 15-06-2012 | 2012-17900265 | |
| 31-12-2010 | full format | 14-06-2011 | 2011-16300260 | |
| 31-12-2009 | full format | 24-06-2010 | 2010-21500422 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,735 | -7,207 | -15,593 | 83,907 | 20,890 | 14,780 | 16,496 | 49,579 | 19,557 | 33,333 | 16,884 | 38,528 | 11,026 | 20,888 | 41,956 | 51,209 | 27,738 | ||
| 4,659 | -10,183 | -17,850 | 63,046 | 30,910 | 11,251 | 12,795 | 34,248 | 16,432 | 26,445 | 14,167 | 31,260 | 8,885 | 17,410 | 32,227 | 39,468 | 22,944 | ||
| 1,252 | 25,793 | 0 | 3,625 | 3,000 | 14,871 | 152,444 | 1,241 | 0 | 2,286 | 1,085 | 14,000 | 12,155 | 1,200 | 76,184 | 885 | 37,768 | ||
| 7,444 | 8,618 | -9,539 | 82,362 | 4,100 | 4,296 | -28,868 | 30,984 | -19,269 | -5,651 | 17,263 | 8,269 | -17,086 | 18,795 | -61,019 | 23,899 | - | ||
| 129,993 | 132,942 | 175,135 | 199,066 | 107,994 | 87,401 | 95,428 | 119,806 | 94,473 | 85,412 | 68,333 | 62,051 | 51,324 | 60,866 | 57,510 | 50,740 | 20,768 | ||
| 58.5% | 58.5% | 59.5% | 60.4% | 54.9% | 50.2% | 49.4% | 78.2% | 74.0% | 70.2% | 63.6% | 60.0% | 54.3% | 48.5% | 45.4% | 58.1% | 33.2% | ||
| 12.85 | 14.58 | 15.33 | 11.74 | 6.66 | 4.95 | 5.45 | 5.21 | 5.59 | 5.57 | 4.79 | 4.38 | 5.48 | 3.31 | 3.80 | 2.98 | 1.79 | ||
| 12.85 | 14.58 | 15.33 | 11.74 | 6.66 | 4.95 | 5.45 | 5.21 | 5.59 | 5.57 | 4.67 | 4.24 | 5.48 | 3.31 | 3.80 | 2.98 | 1.79 | ||
| 0.62 | 0.62 | 0.60 | 0.59 | 0.82 | 0.99 | 1.03 | 0.28 | 0.35 | 0.43 | 0.57 | 0.67 | 0.84 | 1.06 | 1.20 | 0.72 | 2.01 | ||
| -4.3% | -11.7% | -13.4% | 25.5% | 12.5% | 0.7% | 2.2% | 21.1% | 5.8% | 15.1% | 2.0% | 21.4% | -8.4% | 3.7% | 21.9% | 55.8% | 49.7% | ||
| -2.5% | -6.8% | -8.0% | 15.4% | 6.9% | 0.3% | 1.1% | 16.5% | 4.3% | 10.6% | 1.3% | 12.9% | -4.6% | 1.8% | 9.9% | 32.4% | 16.5% | ||
| 3.28 | -2.89 | -5.94 | 30.69 | 7.21 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,252 | €25,793 | - | €3,625 | €3,000 |
| €11,816 | €9,867 | €7,942 | €7,562 | €10,349 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €4,081, smaller than the loss of €17,074 in 2024.
Debt's share of the balance-sheet total falls from 36.5% to 36.3%. Equity and debt are lower.
DLM & Co has no parent and no holdings in its annual accounts. is the only director. DLM & Co shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| DLM &CO registered office Chemin du Landat 67, 7812 Ath | 11-02-2009 | 2.176.289.327 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 51041A0651/00D000 | 1,286 m² | 1 · 158 m² | 6.8 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0809.746.397
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