DM Effects
ActiveSummary
The computed 12-month bankruptcy probability of DM Effects is 2.8% (moderate). The 2024 annual accounts show equity of €4k and a net result of €4k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 9982 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+73
Solvency35▲+10
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
10.3%
Return on assets
9.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 19%
← weakest
strongest →
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 09-07-2025, 22 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
20 d early
2022
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€4k▲ 2,733%
2023 · €133
2022: €4k
2023: €133▼ -96.3% vs 2022lowest in 3 years
2024: €4k▲ +2733% vs 2023highest in 3 years
2022 → 2024
Total assets
€37k▼ 4.8%
2023 · €38k
2022: €15klowest in 3 years
2023: €38k▲ +157% vs 2022highest in 3 years
2024: €37k▼ -4.8% vs 2023
2022 → 2024
Net result
€4k
2023 · €-3k
2022: €575
2023: €-3k▼ -699% vs 2022lowest in 3 years
2024: €4k▲ +206% vs 2023highest in 3 years
2022 → 2024
Working capital
€-2k▲ 68.8%
2023 · €-8k
2022: €2khighest in 3 years
2023: €-8k▼ -458% vs 2022lowest in 3 years
2024: €-2k▲ +68.8% vs 2023
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€4k-€133▼ 96.3%€4k▲ 2,733%
2022: €4k
2023: €133▼ -96.3% vs 2022lowest in 3 years
2024: €4k▲ +2733% vs 2023highest in 3 years
Operating result€764-€-3k€6k
2022: €764
2023: €-3k▼ -482% vs 2022lowest in 3 years
2024: €6k▲ +299% vs 2023highest in 3 years
Net result€575-€-3k€4k
2022: €575
2023: €-3k▼ -699% vs 2022lowest in 3 years
2024: €4k▲ +206% vs 2023highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €6k after a loss of €3k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37k
Fixed assets
€26k ▼ 21.6%
Current assets
€11k ▲ 95.9%
Equity and liabilities €37k
Equity
€4k ▲ 2,733%
Debt
€33k ▼ 14.3%
Debt's share of the balance-sheet total falls from 99.7% to 89.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▲
2023 · €-1k
Cash flow
€11k▲
2023 · €-2k
Current ratio
0.82▲
2023 · 0.41
Quick ratio
0.77▲
2023 · 0.39
Debt to equity
8.70
ROE
96.5%
ROA
9.9%▲
2023 · -9.0%
Interest coverage
7.22▲
2023 · -2.26
Debt ≤ 1 year
€13k▼
2023 · €13k
Debt > 1 year
€20k▼
2023 · €25k
Income taxes
€402
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€38k€37k▼
Fixed assets21/28€33k€26k▼
Tangible fixed assets22/27€33k€26k▼
Plant, machinery and equipment23€1k€675▼
Furniture and vehicles24€1k€777▼
Leasing and similar rights25€31k€24k▼
Current assets29/58€5k€11k▲
Stocks and contracts in progress3€358€550▲
Stocks30/36€358€550▲
Amounts receivable within one year40/41€4k€9k▲
Trade receivables40€2k€6k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€620€1k▲
Deferred charges and accrued income490/1€785€269▼
Equity and liabilities
Total equity and liabilities10/49€38k€37k▼
Equity10/15€133€4k▲
Contributions10/11€3k€3k=
Reserves13-€765
Distributable reserves133-€765
Profit (loss) carried forward14€-3k€0▲
Amounts payable17/49€38k€33k▼
Amounts payable after more than one year17€25k€20k▼
Financial debts170/4€25k€20k▼
Amounts payable within one year42/48€13k€13k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Taxes, remuneration and social security45€118€402▲
Taxes450/3-€402
Remuneration and social security454/9€118€0▼
Other amounts payable47/48€1k€6k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€7k▲
Other operating charges640/8€592€611▲
Gross operating margin9900€-669€14k▲
Operating profit (loss)9901€-3k€6k▲
Financial income75/76B€36€0▼
Recurring financial income75€36€0▼
Financial charges65/66B€557€2k▲
Recurring financial charges65€557€2k▲
Profit (loss) for the period before taxes9903€-3k€4k▲
Income taxes67/77-€402
Profit (loss) for the period9904€-3k€4k▲
Profit (loss) for the period to be appropriated9905€-3k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€765▲
Profit (loss) brought forward from the previous period14P-€-3k
Transfer from equity791/2€575€0▼
Transfer to equity691/2-€765
To other reserves6921-€765
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €158 | €2k | €7k | ▲ 328% |
| Other operating charges640/8 | €102 | €592 | €611 | ▲ 3.3% |
| Gross operating margin9900 | €1k | €-669 | €14k | ▲ 2,125% |
| Operating profit (loss)9901 | €764 | €-3k | €6k | ▲ 299% |
| Financial income75/76B | €3 | €36 | €0 | ▼ 100% |
| Recurring financial income75 | €3 | €36 | €0 | ▼ 100% |
| Financial charges65/66B | €48 | €557 | €2k | ▲ 221% |
| Recurring financial charges65 | €48 | €557 | €2k | ▲ 221% |
| Profit (loss) for the period before taxes9903 | €718 | €-3k | €4k | ▲ 217% |
| Income taxes67/77 | €143 | - | €402 | - |
| Profit (loss) for the period9904 | €575 | €-3k | €4k | ▲ 206% |
| Profit (loss) for the period to be appropriated9905 | €575 | €-3k | €4k | ▲ 206% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €15k | €38k | €37k | ▼ 4.8% |
| Fixed assets21/28 | €1k | €33k | €26k | ▼ 21.6% |
| Tangible fixed assets22/27 | €1k | €33k | €26k | ▼ 21.6% |
| Plant, machinery and equipment23 | - | €1k | €675 | ▼ 37.7% |
| Furniture and vehicles24 | €1k | €1k | €777 | ▼ 28.6% |
| Leasing and similar rights25 | - | €31k | €24k | ▼ 20.8% |
| Current assets29/58 | €14k | €5k | €11k | ▲ 95.9% |
| Stocks and contracts in progress3 | €1k | €358 | €550 | ▲ 53.7% |
| Stocks30/36 | €1k | €358 | €550 | ▲ 53.7% |
| Amounts receivable within one year40/41 | €12k | €4k | €9k | ▲ 138% |
| Trade receivables40 | €12k | €2k | €6k | ▲ 265% |
| Other amounts receivable41 | - | €2k | €3k | ▲ 39.8% |
| Cash at bank and in hand54/58 | €151 | €620 | €1k | ▲ 71.7% |
| Deferred charges and accrued income490/1 | €576 | €785 | €269 | ▼ 65.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €15k | €38k | €37k | ▼ 4.8% |
| Equity10/15 | €4k | €133 | €4k | ▲ 2,733% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | €575 | - | €765 | - |
| Distributable reserves133 | €575 | - | €765 | - |
| Profit (loss) carried forward14 | - | €-3k | €0 | ▲ 100% |
| Amounts payable17/49 | €11k | €38k | €33k | ▼ 14.3% |
| Amounts payable after more than one year17 | - | €25k | €20k | ▼ 21.5% |
| Financial debts170/4 | - | €25k | €20k | ▼ 21.5% |
| Amounts payable within one year42/48 | €11k | €13k | €13k | ▼ 0.8% |
| Current portion of amounts payable after more than one year42 | - | €6k | €6k | ▲ 4.8% |
| Trade debts44 | €4k | €6k | €1k | ▼ 78.1% |
| Suppliers440/4 | €4k | €6k | €1k | ▼ 78.1% |
| Taxes, remuneration and social security45 | €3k | €118 | €402 | ▲ 242% |
| Taxes450/3 | €1k | - | €402 | - |
| Remuneration and social security454/9 | €2k | €118 | €0 | ▼ 100% |
| Other amounts payable47/48 | €4k | €1k | €6k | ▲ 335% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €575 | €-3k | €4k | ▲ 206% |
| + Depreciation and write-downs630 | €158 | €2k | €7k | ▲ 328% |
| Operating cash flow (approximation) | €733 | €-2k | €11k | ▲ 703% |
| Investment in fixed assets (approximation) | - | €-33k | €0 | ▲ 100% |
| Change in cash | - | €470 | €445 | ▼ 5.4% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Brasschaat · 1 establishment unit since 2022
Ground area
588 m²
Building footprint
117 m²
Volume, LiDAR
779 m³
Parcel 11324D0254/00N003, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DM Effects
since 20222.331.899.794
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0254/00N003 | Flanders | 588 m² | 1 · 117 m² | 10.7 m · 3 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.
Similar companies · same sector, comparable size
Smarteco Construction
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Strong Constructions
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H.G. Renov
BE 0766.727.392
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INSTASOL
BE 1001.734.836
Wemmel · Eq €3,777
CD BATIMMO
BE 0683.815.455
Boussu · Eq €3,752
Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 5,385 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
Founded24-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43221Plumbing work
43331Floor and wall tiling
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.