DM
ActiveSummary
DM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€74,176) and a net result of -€11,070. Equity is shrinking by ~45% per year across the filed fiscal years. Its solvency ranks better than 5% of 7868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.29 in 2024; cash: 61.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-919.9%
Return on assets
-137.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€74,176
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
38 d early
2023
120 d late
2022
31 d late
2021
23 d early
2020
40 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€74,176▼ 17.5%
2024 · -€63,106
Total assets
€8,064▼ 69.5%
2024 · €26,401
Net result
-€11,070▲ 30.2%
2024 · -€15,857
Working capital
-€74,176▼ 17.5%
2024 · -€63,106
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€39,834-€10,572€18,440-€15,739-€10,951▲ 30.4%
Net result€20,109-€28,753-€10,000▲ 65.2%-€15,857▼ 58.6%-€11,070▲ 30.2%
Equity-€8,496▲ 70.3%-€37,249▼ 338%-€47,249▼ 26.8%-€63,106▼ 33.6%-€74,176▼ 17.5%
Total assets€477,576▲ 6.8%€518,901▲ 8.7%€78,561▼ 84.9%€26,401▼ 66.4%€8,064▼ 69.5%
Debt€486,072▲ 2.2%€556,150▲ 14.4%€125,810▼ 77.4%€89,507▼ 28.9%€82,240▼ 8.1%
Working capital€169,310▼ 0.3%€101,963▼ 39.8%-€62,263-€63,106▼ 1.4%-€74,176▼ 17.5%
Staff (FTE)2▼ 23.1%1.1▼ 45.0%0▼ 100%00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,951 in 2025 against €15,739 in 2024; the loss shrinks.
Key figures and ratios
Solvency
-919.9%▼
2024 · -239.0%
Current ratio
0.10▼
2024 · 0.29
Debt to equity
-1.11▲
2024 · -1.42
ROA
-137.3%▼
2024 · -60.1%
Debt ≤ 1 year
€82,240▼
2024 · €89,507
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €87,289 | €91,825 | €199 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,594 | €12,128 | €11,729 | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €27,077 | €0 | €1,291 | -€661 | ▼ 151% |
| Other operating charges640/8 | €588 | €1,118 | €591 | €685 | €626 | ▼ 8.6% |
| Non-recurring operating charges66A | €721 | €0 | - | €14,664 | €2,197 | ▼ 85.0% |
| Gross operating margin9900 | €140,026 | €121,576 | €30,959 | €901 | -€8,788 | ▼ 1,075% |
| Operating profit (loss)9901 | €39,834 | -€10,572 | €18,440 | -€15,739 | -€10,951 | ▲ 30.4% |
| Financial income75/76B | €0 | €53 | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €53 | €0 | €0 | - | - |
| Financial charges65/66B | €19,725 | €17,936 | €28,163 | €118 | €119 | ▲ 1.2% |
| Recurring financial charges65 | €19,725 | €17,936 | €28,163 | €118 | €119 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | €20,109 | -€28,456 | -€9,723 | -€15,857 | -€11,070 | ▲ 30.2% |
| Income taxes67/77 | - | €297 | €277 | €0 | - | - |
| Profit (loss) for the period9904 | €20,109 | -€28,753 | -€10,000 | -€15,857 | -€11,070 | ▲ 30.2% |
| Profit (loss) for the period to be appropriated9905 | €20,109 | -€28,753 | -€10,000 | -€15,857 | -€11,070 | ▲ 30.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €477,576 | €518,901 | €78,561 | €26,401 | €8,064 | ▼ 69.5% |
| Fixed assets21/28 | €12,953 | €26,743 | €15,014 | €0 | - | - |
| Intangible fixed assets21 | €8,890 | €25,820 | €14,488 | €0 | - | - |
| Tangible fixed assets22/27 | €4,063 | €923 | €527 | €0 | - | - |
| Land and buildings22 | €4,063 | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €923 | €527 | €0 | - | - |
| Current assets29/58 | €464,624 | €492,158 | €63,547 | €26,401 | €8,064 | ▼ 69.5% |
| Amounts receivable within one year40/41 | €189,314 | €246,374 | €62,506 | €15,855 | €3,126 | ▼ 80.3% |
| Trade receivables40 | €189,314 | €246,374 | €62,506 | €15,855 | €3,126 | ▼ 80.3% |
| Cash at bank and in hand54/58 | €232,853 | €202,972 | €1,040 | €10,546 | €4,938 | ▼ 53.2% |
| Deferred charges and accrued income490/1 | €42,456 | €42,811 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €477,576 | €518,901 | €78,561 | €26,401 | €8,064 | ▼ 69.5% |
| Equity10/15 | -€8,496 | -€37,249 | -€47,249 | -€63,106 | -€74,176 | ▼ 17.5% |
| Contributions10/11 | €518,592 | €518,592 | €518,592 | €518,592 | €518,592 | = |
| Outside capital11 | €518,592 | - | - | - | - | - |
| Other1109/19 | €518,592 | - | - | - | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€528,947 | -€557,700 | -€567,700 | -€583,557 | -€594,628 | ▼ 1.9% |
| Amounts payable17/49 | €486,072 | €556,150 | €125,810 | €89,507 | €82,240 | ▼ 8.1% |
| Amounts payable after more than one year17 | €186,588 | €161,784 | €0 | - | - | - |
| Financial debts170/4 | €186,588 | €161,784 | €0 | - | - | - |
| Amounts payable within one year42/48 | €295,313 | €390,194 | €125,810 | €89,507 | €82,240 | ▼ 8.1% |
| Current portion of amounts payable after more than one year42 | €24,717 | €24,803 | €0 | - | - | - |
| Trade debts44 | €198,561 | €209,104 | €11,547 | €140 | €3,332 | ▲ 2,276% |
| Suppliers440/4 | €198,561 | €209,104 | €11,547 | €140 | €3,332 | ▲ 2,276% |
| Advances received on contracts in progress46 | €686 | €11,455 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €13,383 | €0 | - | - | - | - |
| Taxes450/3 | €2,845 | €0 | - | - | - | - |
| Remuneration and social security454/9 | €10,537 | €0 | - | - | - | - |
| Other amounts payable47/48 | €57,967 | €144,832 | €114,263 | €89,367 | €78,908 | ▼ 11.7% |
| Accrued charges and deferred income492/3 | €4,171 | €4,171 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,109 | -€28,753 | -€10,000 | -€15,857 | -€11,070 | ▲ 30.2% |
| + Depreciation and write-downs630 | €11,594 | €12,128 | €11,729 | €0 | - | - |
| Operating cash flow (approximation) | €31,703 | -€16,625 | €1,729 | -€15,857 | -€11,070 | ▲ 30.2% |
| Investment in fixed assets (approximation) | - | -€25,919 | €0 | €15,014 | - | - |
| Change in cash | - | -€29,881 | -€201,932 | €9,506 | -€5,609 | ▼ 159% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 120 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €20,109
Net result €20,109 after 3 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Lokeren · 1 establishment unit since 1990
Ground area
4.1 ha
Building footprint
2.9 ha
Volume, LiDAR
213,770 m³
Parcel 46383D1240/00W000, Flanders · tallest building 21.8 m, ±2 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
DM
since 19902.046.794.228
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D1240/00W000 | Flanders | 4.1 ha | 1 · 2.9 ha | 21.8 m · 2 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.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 6,930 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 (pre-2019)
Founded21-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.