DM Agro
ActiveSummary
DM Agro has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61,371 and a net result of €275. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 1697 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-2
Solvency61▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.5 against 1.28 in 2023; short-term debt: 63.6% and cash: 35% of total assets), and 63.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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
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 2024Solvency, return and age of the figures
Solvency
36.4%
Return on assets
0.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-11-2025, 116 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
116 d late
2023
481 d late
2022
847 d late
2021
346 d late
2020
139 d late
2019
143 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 345 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€61,371▲ 0.4%
2023 · €61,097
Total assets
€168,550▼ 28.6%
2023 · €236,214
Net result
€275▼ 94.5%
2023 · €4,987
Working capital
€53,121▲ 6.6%
2023 · €49,812
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€33,778▲ 1,967%€7,638▼ 77.4%€9,530▲ 24.8%€7,284▼ 23.6%€929▼ 87.3%
Net result€25,506within the sector's middle half▲ 2,093%€6,595within the sector's middle half▼ 74.1%€6,607within the sector's middle half▲ 0.2%€4,987below the sector's middle half▼ 24.5%€275below the sector's middle half▼ 94.5%
Equity€42,907below the sector's middle half▲ 147%€49,502below the sector's middle half▲ 15.4%€56,110below the sector's middle half▲ 13.3%€61,097below the sector's middle half▲ 8.9%€61,371below the sector's middle half▲ 0.4%
Total assets€197,275below the sector's middle half▲ 103%€207,253below the sector's middle half▲ 5.1%€369,640below the sector's middle half▲ 78.4%€236,214below the sector's middle half▼ 36.1%€168,550below the sector's middle half▼ 28.6%
Debt€154,368▲ 93.2%€157,750▲ 2.2%€313,531▲ 98.8%€175,117▼ 44.1%€107,178▼ 38.8%
Working capital€24,107within the sector's middle half€32,111within the sector's middle half▲ 33.2%€41,765within the sector's middle half▲ 30.1%€49,812within the sector's middle half▲ 19.3%€53,121within the sector's middle half▲ 6.6%
Solvency21.7%within the sector's middle half▲ 3.9pp23.9%within the sector's middle half▲ 2.1pp15.2%within the sector's middle half▼ 8.7pp25.9%within the sector's middle half▲ 10.7pp36.4%within the sector's middle half▲ 10.5pp
Current ratio1.16within the sector's middle half▲ 0.231.20within the sector's middle half▲ 0.051.13within the sector's middle half▼ 0.071.28within the sector's middle half▲ 0.151.50within the sector's middle half▲ 0.21
Return on assets (ROA)12.9%above the sector's middle half▲ 11.7pp3.2%within the sector's middle half▼ 9.7pp1.8%within the sector's middle half▼ 1.4pp2.1%within the sector's middle half▲ 0.3pp0.2%below the sector's middle half▼ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 87% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €168,550
Fixed assets
€8,251 ▼ 27.0%
Current assets
€160,299 ▼ 28.7%
Equity and liabilities €168,550
Equity
€61,371 ▲ 0.4%
Debt
€107,178 ▼ 38.8%
Debt's share of the balance-sheet total falls from 74.1% to 63.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,975▼
2023 · €10,331
Cash flow
€3,321▼
2023 · €8,034
Quick ratio
1.41▲
2023 · 1.22
Debt to equity
1.75▼
2023 · 2.87
ROE
0.4%▼
2023 · 8.2%
Interest coverage
8.27▼
2023 · 31.13
Debt ≤ 1 year
€107,178▼
2023 · €175,105
Income taxes
€177▼
2023 · €1,965
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,047 | €3,047 | €3,047 | €3,047 | €3,047 | = |
| Other operating charges640/8 | - | €13,546 | €544 | €807 | €344 | ▼ 57.3% |
| Gross operating margin9900 | €37,246 | €24,231 | €13,120 | €11,137 | €4,320 | ▼ 61.2% |
| Operating profit (loss)9901 | €33,778 | €7,638 | €9,530 | €7,284 | €929 | ▼ 87.3% |
| Financial income75/76B | - | €1,559 | €1 | €0 | €4 | ▲ 17,850% |
| Recurring financial income75 | €1 | €1,559 | €1 | €0 | €4 | ▲ 17,850% |
| Financial charges65/66B | - | €212 | €436 | €332 | €481 | ▲ 44.9% |
| Recurring financial charges65 | -€124 | €212 | €436 | €332 | €481 | ▲ 44.9% |
| Profit (loss) for the period before taxes9903 | €33,902 | €8,985 | €9,094 | €6,952 | €452 | ▼ 93.5% |
| Income taxes67/77 | €8,397 | €2,390 | €2,487 | €1,965 | €177 | ▼ 91.0% |
| Profit (loss) for the period9904 | €25,506 | €6,595 | €6,607 | €4,987 | €275 | ▼ 94.5% |
| Profit (loss) for the period to be appropriated9905 | €25,506 | €6,595 | €6,607 | €4,987 | €275 | ▼ 94.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €197,275 | €207,253 | €369,640 | €236,214 | €168,550 | ▼ 28.6% |
| Fixed assets21/28 | €20,438 | €17,391 | €14,344 | €11,297 | €8,251 | ▼ 27.0% |
| Intangible fixed assets21 | €17,500 | €15,000 | €12,500 | €10,000 | €7,500 | ▼ 25.0% |
| Tangible fixed assets22/27 | €2,938 | €2,391 | €1,844 | €1,297 | €751 | ▼ 42.1% |
| Plant, machinery and equipment23 | - | €1,173 | €938 | €704 | €469 | ▼ 33.3% |
| Other tangible fixed assets26 | - | €1,218 | €906 | €594 | €281 | ▼ 52.6% |
| Current assets29/58 | €176,837 | €189,862 | €355,296 | €224,916 | €160,299 | ▼ 28.7% |
| Stocks and contracts in progress3 | €11,574 | €12,584 | €71,463 | €11,449 | €9,275 | ▼ 19.0% |
| Stocks30/36 | - | €12,584 | €71,463 | €11,449 | €9,275 | ▼ 19.0% |
| Amounts receivable within one year40/41 | €36,822 | €124,476 | €252,577 | €190,978 | €89,184 | ▼ 53.3% |
| Trade receivables40 | - | €121,577 | €217,552 | €176,566 | €86,723 | ▼ 50.9% |
| Other amounts receivable41 | - | €2,899 | €35,024 | €14,412 | €2,460 | ▼ 82.9% |
| Cash at bank and in hand54/58 | €128,369 | €44,315 | €17,744 | €17,351 | €59,026 | ▲ 240% |
| Deferred charges and accrued income490/1 | - | €8,487 | €13,513 | €5,138 | €2,815 | ▼ 45.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €197,275 | €207,253 | €369,640 | €236,214 | €168,550 | ▼ 28.6% |
| Equity10/15 | €42,907 | €49,502 | €56,110 | €61,097 | €61,371 | ▲ 0.4% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €22,907 | €29,502 | €36,110 | €41,097 | €41,371 | ▲ 0.7% |
| Distributable reserves133 | - | €29,502 | €36,110 | €41,097 | €41,371 | ▲ 0.7% |
| Profit (loss) carried forward14 | -€3,761 | - | - | - | - | - |
| Amounts payable17/49 | €154,368 | €157,750 | €313,531 | €175,117 | €107,178 | ▼ 38.8% |
| Amounts payable within one year42/48 | €152,730 | €157,750 | €313,531 | €175,105 | €107,178 | ▼ 38.8% |
| Current portion of amounts payable after more than one year42 | - | - | €75,000 | - | - | - |
| Trade debts44 | €115,563 | €138,158 | €179,854 | €110,270 | €68,930 | ▼ 37.5% |
| Suppliers440/4 | - | €138,158 | €179,854 | €110,270 | €68,930 | ▼ 37.5% |
| Advances received on contracts in progress46 | - | - | €7,755 | - | - | - |
| Taxes, remuneration and social security45 | - | €10,787 | €5,117 | €6,151 | €2,292 | ▼ 62.7% |
| Taxes450/3 | - | €10,787 | €5,117 | €6,151 | €2,292 | ▼ 62.7% |
| Other amounts payable47/48 | - | €8,806 | €45,806 | €58,684 | €35,956 | ▼ 38.7% |
| Accrued charges and deferred income492/3 | - | - | - | €12 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,506 | €6,595 | €6,607 | €4,987 | €275 | ▼ 94.5% |
| + Depreciation and write-downs630 | €3,047 | €3,047 | €3,047 | €3,047 | €3,047 | = |
| Operating cash flow (approximation) | €28,552 | €9,642 | €9,654 | €8,034 | €3,321 | ▼ 58.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€84,054 | -€26,570 | -€393 | €41,674 | ▲ 10,707% |
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
2026
18-08
State Gazette act
Resignation: De Monie Jean François (director)Appointment: FIBOMA BV (director) · Registered-office move · Power of attorney5 facts ▸
State Gazette act
Resignation: De Monie Jean François (director)
Appointment: FIBOMA BV (director) · Registered-office move · Power of attorney5 facts ▸
- General meeting, 08-07-2026
- Director resignation, De Monie Jean François (director)
- Director appointment, FIBOMA BV (director)
- Registered-office move, Koolkenstraat 9, Pittem
- Power of attorney, VAN DEN BERGHEN & DE ROO, ACCOUNTANTS EN FISCALE JURISTEN BV
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 116 days late
24-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 481 days late
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 847 days late
2024
31-12
Financial
Weakest financial yearnet €275 ▼94.5%
Net result drops to €275, the lowest in the series.
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 346 days late
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 139 days late
2020
31-12
Financial
Highest result since 2018net €25,506 ▲2,093%
Operating result €33,778, net result €25,506, both a record.
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 143 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
FIBOMA BV
CurrentDirector · since 08-07-2026 · Legal entity · perm. rep.: Filip Boone
Permanent representatives 1
Filip Boone
CurrentPermanent representative · since 08-07-2026 · for FIBOMA BV
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Pittem · 1 establishment unit since 2012
Ground area
3,339 m²
Building footprint
630 m²
Volume, LiDAR
4,867 m³
2 parcels, Flanders · tallest building 18.0 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
DM Agro
since 20122.208.114.433
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0308/00A005 | Flanders | 2,933 m² | 1 · 305 m² | 18.0 m · 2 fl. |
| 37011C0052/00P000 | Flanders | 406 m² | 1 · 325 m² | 17.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FIBOMA BV |
|
| Jean François De Monie |
|
Structure & network
Owners and holdings
1 ownerChain of control
- ARTHEMIS HOLDING
- DM Agro
Highest known parent: ARTHEMIS HOLDING. The sources do not say who stands above it.
Owners 1
- ARTHEMIS HOLDINGparent67%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 7,307 EUR awarded · 7,307 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,732 EUR | 1,732 EUR |
| 2023 | 1 | 5,575 EUR | 5,575 EUR |
Schemes
Similar companies · same sector, comparable size
BRASSEUR - ZOETE
BE 0460.734.261
Gistel · Eq €61,556
LLA VIEW
BE 0748.873.553
Onhaye · Eq €61,838
Suenaert Pieter
BE 0649.421.928
Oosterzele · Eq €62,248
AGRO DENDOOVEN
BE 1006.623.933
Veurne · Eq €62,351
ANDAVID
BE 0461.711.486
Oostkamp · Eq €62,726
Of 20,582 companies in sector 01500 we hold annual accounts for 1,149. 754 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)
Founded23-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0842100253
Also
9925:BE0842100253
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.