DM DEVELOPMENT
ActiveSummary
DM DEVELOPMENT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €528k and a net result of €40k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 61% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75=
Solvency95▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.56 in 2024; short-term debt: 17.3% and cash: 9% of total assets), and 30.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.8%
Return on assets
5.2%
Age of the figures
9 mo
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 19-07-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
12 d early
2024
30 d late
2023
94 d early
2022
1 d early
2021
64 d early
2020
56 d early
2019
71 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€528k▲ 8.1%
2024 · €488k
2018: €310klowest in 8 years
2019: €350k▲ +13.2% vs 2018
2020: €402k▲ +14.7% vs 2019
2021: €426k▲ +6.0% vs 2020
2022: €473k▲ +11.2% vs 2021
2023: €451k▼ -4.7% vs 2022
2024: €488k▲ +8.3% vs 2023
2025: €528k▲ +8.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€756k▲ 4.4%
2024 · €724k
2018: €685k
2019: €683k▼ -0.3% vs 2018lowest in 8 years
2020: €750k▲ +9.7% vs 2019
2021: €756k▲ +0.9% vs 2020
2022: €787k▲ +4.1% vs 2021highest in 8 years
2023: €719k▼ -8.7% vs 2022
2024: €724k▲ +0.8% vs 2023
2025: €756k▲ +4.4% vs 2024
2018 → 2025
Net result
€40k▲ 6.3%
2024 · €37k
2018: €34k
2019: €42k▲ +25.0% vs 2018
2020: €53k▲ +25.0% vs 2019highest in 8 years
2021: €26k▼ -51.6% vs 2020
2022: €48k▲ +85.6% vs 2021
2023: €-22k▼ -146% vs 2022lowest in 8 years
2024: €37k▲ +269% vs 2023
2025: €40k▲ +6.3% vs 2024
2018 → 2025
Working capital
€-17k▲ 67.7%
2024 · €-52k
2018: €2k
2019: €2k▲ +14.1% vs 2018
2020: €847▼ -60.2% vs 2019
2021: €-18k▼ -2272% vs 2020
2022: €19k▲ +202% vs 2021highest in 8 years
2023: €-56k▼ -397% vs 2022lowest in 8 years
2024: €-52k▲ +6.3% vs 2023
2025: €-17k▲ +67.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€426k-€473k▲ 11.2%€451k▼ 4.7%€488k▲ 8.3%€528k▲ 8.1%
2021: €426klowest in 5 years
2022: €473k▲ +11.2% vs 2021
2023: €451k▼ -4.7% vs 2022
2024: €488k▲ +8.3% vs 2023
2025: €528k▲ +8.1% vs 2024highest in 5 years
Operating result€43k-€70k▲ 60.6%€-19k€51k€57k▲ 11.8%
2021: €43k
2022: €70k▲ +60.6% vs 2021highest in 5 years
2023: €-19k▼ -127% vs 2022lowest in 5 years
2024: €51k▲ +375% vs 2023
2025: €57k▲ +11.8% vs 2024
Net result€26k-€48k▲ 85.6%€-22k€37k€40k▲ 6.3%
2021: €26k
2022: €48k▲ +85.6% vs 2021highest in 5 years
2023: €-22k▼ -146% vs 2022lowest in 5 years
2024: €37k▲ +269% vs 2023
2025: €40k▲ +6.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €756k
Fixed assets
€643k ▼ 2.2%
Current assets
€114k ▲ 69.6%
Equity and liabilities €756k
Equity
€528k ▲ 8.1%
Debt
€229k ▼ 3.1%
Debt's share of the balance-sheet total falls from 32.6% to 30.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73k▲
2024 · €71k
Cash flow
€56k▼
2024 · €57k
Current ratio
0.87▲
2024 · 0.56
Debt to equity
0.43▼
2024 · 0.48
ROE
7.5%▼
2024 · 7.6%
ROA
5.2%▲
2024 · 5.1%
Interest coverage
29.74▲
2024 · 22.24
Debt ≤ 1 year
€131k▲
2024 · €119k
Debt > 1 year
€98k▼
2024 · €117k
Income taxes
€15k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€724k€756k▲
Fixed assets21/28€657k€643k▼
Tangible fixed assets22/27€657k€643k▼
Land and buildings22€640k€640k=
Plant, machinery and equipment23€4k€1k▼
Furniture and vehicles24€13k€2k▼
Current assets29/58€67k€114k▲
Amounts receivable within one year40/41€16k€46k▲
Trade receivables40€12k€32k▲
Other amounts receivable41€4k€14k▲
Cash at bank and in hand54/58€51k€68k▲
Equity and liabilities
Total equity and liabilities10/49€724k€756k▲
Equity10/15€488k€528k▲
Contributions10/11€65k€65k=
Reserves13€423k€463k▲
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Distributable reserves133€417k€456k▲
Amounts payable17/49€236k€229k▼
Amounts payable after more than one year17€117k€98k▼
Financial debts170/4€117k€98k▼
Amounts payable within one year42/48€119k€131k▲
Current portion of amounts payable after more than one year42€26k€19k▼
Trade debts44€724€16k▲
Suppliers440/4€724€16k▲
Taxes, remuneration and social security45€9k€27k▲
Taxes450/3€7k€11k▲
Remuneration and social security454/9€2k€15k▲
Other amounts payable47/48€83k€69k▼
Income statement
Code20242025
Non-recurring operating income76A€293-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€16k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€75k€78k▲
Operating profit (loss)9901€51k€57k▲
Financial income75/76B-€144
Recurring financial income75-€144
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€48k€55k▲
Income taxes67/77€11k€15k▲
Profit (loss) for the period9904€37k€40k▲
Profit (loss) for the period to be appropriated9905€37k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€40k▲
Transfer to equity691/2€37k€40k▲
To other reserves6921€37k€40k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | - | - | €293 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €17k | €19k | €19k | €16k | ▼ 17.4% |
| Other operating charges640/8 | €3k | €3k | €4k | €4k | €5k | ▲ 10.9% |
| Gross operating margin9900 | €62k | €90k | €4k | €75k | €78k | ▲ 4.2% |
| Operating profit (loss)9901 | €43k | €70k | €-19k | €51k | €57k | ▲ 11.8% |
| Financial income75/76B | - | - | €104 | - | €144 | - |
| Recurring financial income75 | - | - | €104 | - | €144 | - |
| Financial charges65/66B | €8k | €4k | €3k | €3k | €2k | ▼ 22.4% |
| Recurring financial charges65 | €8k | €4k | €3k | €3k | €2k | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | €36k | €66k | €-22k | €48k | €55k | ▲ 14.3% |
| Income taxes67/77 | €10k | €18k | €190 | €11k | €15k | ▲ 41.6% |
| Profit (loss) for the period9904 | €26k | €48k | €-22k | €37k | €40k | ▲ 6.3% |
| Profit (loss) for the period to be appropriated9905 | €26k | €48k | €-22k | €37k | €40k | ▲ 6.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €756k | €787k | €719k | €724k | €756k | ▲ 4.4% |
| Fixed assets21/28 | €638k | €632k | €650k | €657k | €643k | ▼ 2.2% |
| Tangible fixed assets22/27 | €638k | €632k | €650k | €657k | €643k | ▼ 2.2% |
| Land and buildings22 | €581k | €581k | €614k | €640k | €640k | = |
| Plant, machinery and equipment23 | €8k | €11k | €9k | €4k | €1k | ▼ 75.1% |
| Furniture and vehicles24 | €49k | €39k | €26k | €13k | €2k | ▼ 84.0% |
| Current assets29/58 | €118k | €156k | €69k | €67k | €114k | ▲ 69.6% |
| Amounts receivable within one year40/41 | €13k | €28k | €28k | €16k | €46k | ▲ 179% |
| Trade receivables40 | €11k | €19k | €13k | €12k | €32k | ▲ 159% |
| Other amounts receivable41 | €2k | €9k | €15k | €4k | €14k | ▲ 245% |
| Cash at bank and in hand54/58 | €105k | €127k | €40k | €51k | €68k | ▲ 34.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €756k | €787k | €719k | €724k | €756k | ▲ 4.4% |
| Equity10/15 | €426k | €473k | €451k | €488k | €528k | ▲ 8.1% |
| Contributions10/11 | €65k | €65k | €65k | €65k | €65k | = |
| Reserves13 | €361k | €408k | €386k | €423k | €463k | ▲ 9.4% |
| Non-distributable reserves130/1 | €7k | €7k | €7k | €7k | €7k | = |
| Reserves not available under the articles1311 | €7k | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | €354k | €402k | €380k | €417k | €456k | ▲ 9.5% |
| Amounts payable17/49 | €331k | €314k | €268k | €236k | €229k | ▼ 3.1% |
| Amounts payable after more than one year17 | €194k | €169k | €143k | €117k | €98k | ▼ 15.9% |
| Financial debts170/4 | €194k | €169k | €143k | €117k | €98k | ▼ 15.9% |
| Amounts payable within one year42/48 | €137k | €137k | €124k | €119k | €131k | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | €25k | €26k | €26k | €26k | €19k | ▼ 29.7% |
| Trade debts44 | €6k | €508 | €644 | €724 | €16k | ▲ 2,104% |
| Suppliers440/4 | €6k | €508 | €644 | €724 | €16k | ▲ 2,104% |
| Taxes, remuneration and social security45 | €11k | €17k | €6k | €9k | €27k | ▲ 187% |
| Taxes450/3 | €11k | €13k | €4k | €7k | €11k | ▲ 55.7% |
| Remuneration and social security454/9 | - | €4k | €2k | €2k | €15k | ▲ 673% |
| Other amounts payable47/48 | €93k | €93k | €92k | €83k | €69k | ▼ 16.4% |
| Accrued charges and deferred income492/3 | - | €9k | €110 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €48k | €-22k | €37k | €40k | ▲ 6.3% |
| + Depreciation and write-downs630 | €16k | €17k | €19k | €19k | €16k | ▼ 17.4% |
| Operating cash flow (approximation) | €41k | €64k | €-3k | €57k | €56k | ▼ 1.8% |
| Investment in fixed assets (approximation) | - | €-10k | €-37k | €-27k | €-2k | ▲ 93.7% |
| Change in cash | - | €23k | €-87k | €10k | €17k | ▲ 66.7% |
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
19-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €500kEq €528k ▲8.1%
2 profitable years in a row build equity to €528k.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €53k ▲25%
Operating result €81k, net result €53k, both a record.
21-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2000
Ground area
67 m²
Building footprint
51 m²
Volume, LiDAR
573 m³
Parcel 11810K1512/00T008, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
DM DEVELOPMENT
since 20002.085.034.596
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1512/00T008 | Flanders | 67 m² | 1 · 51 m² | 14.4 m · 4 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 16,879 companies in sector 62100 we hold annual accounts for 8,771. 5,376 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)
Founded06-01-1998
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.