DM CONSTRUCT
ActiveSummary
DM CONSTRUCT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €234,803 and a net result of €62,991. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 85% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▼-6
Solvency100▲+5
Growth65▼-4
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 4.95 against 2.89 in 2023; short-term debt: 20.2% and cash: 99.7% of total assets), and 20.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €234,803
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
5 d late
2022
7 d late
2021
25 d late
2020
24 d late
2019
32 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 11 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€615,029▼ 15.0%
2023 · €723,703
EBIT margin
15.9%▼ 1.9pp
2023 · 17.8%
Net result
€62,991▼ 50.1%
2023 · €126,288
Working capital
€234,803▲ 69.3%
2023 · €138,721
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Turnover€666,268▲ 10.7%€644,268▼ 3.3%€664,533▲ 3.1%€723,703▲ 8.9%€615,029▼ 15.0%
Operating result€33,388€14,827▼ 55.6%€23,657▲ 59.6%€128,991▲ 445%€97,893▼ 24.1%
Net result€14,650within the sector's middle half€14,638within the sector's middle half▼ 0.1%€22,566within the sector's middle half▲ 54.2%€126,288above the sector's middle half▲ 460%€62,991above the sector's middle half▼ 50.1%
EBIT margin5.0%▲ 13.3pp2.3%▼ 2.7pp3.6%▲ 1.3pp17.8%▲ 14.3pp15.9%▼ 1.9pp
Equity€8,320below the sector's middle half€22,958within the sector's middle half▲ 176%€45,524within the sector's middle half▲ 98.3%€171,812above the sector's middle half▲ 277%€234,803above the sector's middle half▲ 36.7%
Total assets€121,723within the sector's middle half▲ 2.0%€101,593within the sector's middle half▼ 16.5%€131,780within the sector's middle half▲ 29.7%€245,152within the sector's middle half▲ 86.0%€294,218within the sector's middle half▲ 20.0%
Debt€113,403▼ 9.8%€78,635▼ 30.7%€86,256▲ 9.7%€73,340▼ 15.0%€59,415▼ 19.0%
Working capital-€42,948below the sector's middle half▲ 29.8%-€17,382below the sector's middle half▲ 59.5%€17,904within the sector's middle half€138,721above the sector's middle half▲ 675%€234,803above the sector's middle half▲ 69.3%
Solvency6.8%below the sector's middle half▲ 12.1pp22.6%within the sector's middle half▲ 15.8pp34.5%within the sector's middle half▲ 11.9pp70.1%above the sector's middle half▲ 35.5pp79.8%above the sector's middle half▲ 9.7pp
Current ratio0.62below the sector's middle half▲ 0.110.78below the sector's middle half▲ 0.161.21within the sector's middle half▲ 0.432.89within the sector's middle half▲ 1.684.95above the sector's middle half▲ 2.06
Return on assets (ROA)12.0%within the sector's middle half▲ 55.5pp14.4%within the sector's middle half▲ 2.4pp17.1%within the sector's middle half▲ 2.7pp51.5%above the sector's middle half▲ 34.4pp21.4%above the sector's middle half▼ 30.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €294,218
Equity
€234,803 ▲ 36.7%
Debt
€59,415 ▼ 19.0%
Debt's share of the balance-sheet total falls from 29.9% to 20.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€110,984▼
2023 · €143,520
Cash flow
€76,082▼
2023 · €140,817
Debt to equity
0.25▼
2023 · 0.43
ROE
26.8%▼
2023 · 73.5%
Interest coverage
456.72▲
2023 · 423.36
Debt ≤ 1 year
€59,415▼
2023 · €73,340
Income taxes
€34,699▲
2023 · €2,364
Staff costs
€43,168▼
2023 · €100,159
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €666,268 | €644,268 | €664,533 | €723,703 | €615,029 | ▼ 15.0% |
| Goods, raw materials, services and sundry goods60/61 | €484,666 | €471,212 | €474,660 | €478,821 | €460,148 | ▼ 3.9% |
| Remuneration, social security and pensions62 | €134,984 | €138,212 | €147,019 | €100,159 | €43,168 | ▼ 56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,779 | €14,631 | €17,213 | €14,529 | €13,091 | ▼ 9.9% |
| Other operating charges640/8 | €2,951 | €4,651 | €1,986 | €1,203 | €729 | ▼ 39.4% |
| Gross operating margin9900 | €184,102 | €172,321 | €189,875 | €244,882 | €154,881 | ▼ 36.8% |
| Operating profit (loss)9901 | €33,388 | €14,827 | €23,657 | €128,991 | €97,893 | ▼ 24.1% |
| Financial income75/76B | - | €8 | €280 | - | €40 | - |
| Recurring financial income75 | - | €8 | €280 | - | €40 | - |
| Non-recurring financial income76B | - | €8 | - | - | - | - |
| Financial charges65/66B | €18,512 | €197 | €196 | €339 | €243 | ▼ 28.3% |
| Recurring financial charges65 | €18,512 | €197 | €196 | €339 | €243 | ▼ 28.3% |
| Profit (loss) for the period before taxes9903 | €14,876 | €14,638 | €23,741 | €128,652 | €97,690 | ▼ 24.1% |
| Income taxes67/77 | €226 | - | €1,175 | €2,364 | €34,699 | ▲ 1,368% |
| Profit (loss) for the period9904 | €14,650 | €14,638 | €22,566 | €126,288 | €62,991 | ▼ 50.1% |
| Profit (loss) for the period to be appropriated9905 | €14,650 | €14,638 | €22,566 | €126,288 | €62,991 | ▼ 50.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,723 | €101,593 | €131,780 | €245,152 | €294,218 | ▲ 20.0% |
| Fixed assets21/28 | €51,268 | €40,340 | €27,620 | €33,091 | - | - |
| Tangible fixed assets22/27 | €51,268 | €40,340 | €27,620 | €33,091 | - | - |
| Plant, machinery and equipment23 | €6,298 | €3,800 | €1,302 | €13,091 | - | - |
| Furniture and vehicles24 | €44,970 | €36,540 | €26,318 | €20,000 | - | - |
| Current assets29/58 | €70,455 | €61,253 | €104,160 | €212,061 | €294,218 | ▲ 38.7% |
| Amounts receivable within one year40/41 | €739 | €740 | €13,380 | €25,813 | €972 | ▼ 96.2% |
| Trade receivables40 | €739 | €740 | €13,380 | €25,073 | €972 | ▼ 96.1% |
| Other amounts receivable41 | - | - | - | €740 | - | - |
| Cash at bank and in hand54/58 | €69,716 | €60,513 | €90,780 | €186,248 | €293,246 | ▲ 57.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,723 | €101,593 | €131,780 | €245,152 | €294,218 | ▲ 20.0% |
| Equity10/15 | €8,320 | €22,958 | €45,524 | €171,812 | €234,803 | ▲ 36.7% |
| Contributions10/11 | €50,000 | - | - | €50,000 | - | - |
| Capital10 | €50,000 | - | - | - | - | - |
| Issued capital100 | €50,000 | - | - | - | - | - |
| Reserves13 | €5,000 | €55,000 | €55,000 | €5,000 | €55,000 | ▲ 1,000% |
| Non-distributable reserves130/1 | €5,000 | €50,000 | €50,000 | €5,000 | €55,000 | ▲ 1,000% |
| Legal reserve130 | €5,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €5,000 | €50,000 | ▲ 900% |
| Other1319 | - | €50,000 | €50,000 | - | €5,000 | - |
| Distributable reserves133 | - | €5,000 | €5,000 | - | - | - |
| Profit (loss) carried forward14 | -€46,680 | -€32,042 | -€9,476 | €116,812 | €179,803 | ▲ 53.9% |
| Amounts payable17/49 | €113,403 | €78,635 | €86,256 | €73,340 | €59,415 | ▼ 19.0% |
| Amounts payable within one year42/48 | €113,403 | €78,635 | €86,256 | €73,340 | €59,415 | ▼ 19.0% |
| Current portion of amounts payable after more than one year42 | €3,421 | - | - | - | - | - |
| Trade debts44 | €52,168 | €56,139 | €56,235 | €13,846 | €40,857 | ▲ 195% |
| Suppliers440/4 | €52,168 | €56,139 | €56,235 | €13,846 | €40,857 | ▲ 195% |
| Taxes, remuneration and social security45 | €29,814 | €22,496 | €30,021 | €59,494 | €12,558 | ▼ 78.9% |
| Taxes450/3 | €23,660 | €7,786 | €14,957 | €3,733 | €7,113 | ▲ 90.5% |
| Remuneration and social security454/9 | €6,154 | €14,710 | €15,064 | €55,761 | €5,445 | ▼ 90.2% |
| Other amounts payable47/48 | €28,000 | - | - | - | €6,000 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,650 | €14,638 | €22,566 | €126,288 | €62,991 | ▼ 50.1% |
| + Depreciation and write-downs630 | €12,779 | €14,631 | €17,213 | €14,529 | €13,091 | ▼ 9.9% |
| Operating cash flow (approximation) | €27,429 | €29,269 | €39,779 | €140,817 | €76,082 | ▼ 46.0% |
| Investment in fixed assets (approximation) | - | -€3,703 | -€4,493 | -€20,000 | - | - |
| Change in cash | - | -€9,203 | €30,267 | €95,468 | €106,998 | ▲ 12.1% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €234,803 ▲36.7%
5 profitable years in a row build equity to €234,803.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
31-12
Financial
Highest result since 2018net €126,288 ▲460%
Operating result €128,991, net result €126,288, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.89
Current ratio from 1.21 to 2.89; short-term debt falls from €86,256 to €73,340.
31-12
Financial
Equity above €150,000Eq €171,812 ▲277%
4 profitable years in a row build equity to €171,812.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €14,650
Net result €14,650 after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Weakest financial yearnet -€51,943
Net result drops to -€51,943, the lowest in the series; recovery starts the following year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Mouscron · 1 establishment unit since 2013
Ground area
2,937 m²
Building footprint
31 m²
Volume, LiDAR
71 m³
Parcel 54003T0857/00B000, Wallonia · tallest building 3.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
D.M. CONSTRUCT
since 20132.215.608.078
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54003T0857/00B000 | Wallonia | 2,936 m² | 1 · 31 m² | 3.9 m · 1 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 9,138. 7,224 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
Founded11-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502374084
Registered
20-11-2020
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.