DM Projects
ActiveSummary
DM Projects has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231,350 and a net result of €92,068. Equity is growing by ~48.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+20
Solvency83▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.76 against 1.69 in 2024; short-term debt: 22.6% and cash: 51% of total assets), and 42.2% of the assets are financed with debt.
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Signals
Three 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 · 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
57.8%
Return on assets
23%
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 07-05-2026, 85 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
85 d early
2024
23 d early
2023
29 d late
2022
31 d late
2021
31 d late
2020
107 d late
2019
91 d late
← 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 26 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 (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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€231,350▲ 66.1%
2024 · €139,282
Total assets
€399,960▲ 15.8%
2024 · €345,323
Net result
€92,068▲ 268%
2024 · €25,019
Working capital
€159,709▲ 97.7%
2024 · €80,785
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€71,500▲ 46.8%€33,615▼ 53.0%€43,519▲ 29.5%€42,006▼ 3.5%€117,798▲ 180%
Net result€44,048▲ 28.6%€26,416▼ 40.0%€24,432▼ 7.5%€25,019▲ 2.4%€92,068▲ 268%
Equity€52,015=€85,631▲ 64.6%€114,263▲ 33.4%€139,282▲ 21.9%€231,350▲ 66.1%
Total assets€244,043▲ 30.1%€348,706▲ 42.9%€373,238▲ 7.0%€345,323▼ 7.5%€399,960▲ 15.8%
Debt€192,028▲ 41.6%€263,075▲ 37.0%€258,975▼ 1.6%€206,041▼ 20.4%€168,610▼ 18.2%
Working capital€51,344▼ 5.2%€44,456▼ 13.4%€63,755▲ 43.4%€80,785▲ 26.7%€159,709▲ 97.7%
Staff (FTE)0.20.3▲ 50.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 180% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €399,960
Fixed assets
€149,762 ▲ 1.4%
Current assets
€250,198 ▲ 26.6%
Equity and liabilities €399,960
Equity
€231,350 ▲ 66.1%
Debt
€168,610 ▼ 18.2%
Debt's share of the balance-sheet total falls from 59.7% to 42.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€132,708▲
2024 · €52,910
Cash flow
€106,977▲
2024 · €35,923
Current ratio
2.76▲
2024 · 1.69
Quick ratio
2.59▲
2024 · 1.55
Debt to equity
0.73▼
2024 · 1.48
ROE
39.8%▲
2024 · 18.0%
ROA
23.0%▲
2024 · 7.2%
Interest coverage
19.44▲
2024 · 8.81
Debt ≤ 1 year
€90,489▼
2024 · €116,814
Debt > 1 year
€75,161▼
2024 · €87,613
Income taxes
€18,956▲
2024 · €11,308
Staff costs
€16,712▲
2024 · €11,585
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 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% | 1.6% |
| 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 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 26,964 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €2,176 | €11,585 | €16,712 | ▲ 44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,002 | €12,275 | €18,476 | €10,904 | €14,909 | ▲ 36.7% |
| Other operating charges640/8 | €918 | €3,378 | €9,338 | €2,942 | €2,087 | ▼ 29.1% |
| Non-recurring operating charges66A | - | - | - | - | €609 | - |
| Gross operating margin9900 | €73,420 | €49,267 | €73,509 | €67,438 | €152,116 | ▲ 126% |
| Operating profit (loss)9901 | €71,500 | €33,615 | €43,519 | €42,006 | €117,798 | ▲ 180% |
| Financial income75/76B | €336 | €44 | €615 | €323 | €53 | ▼ 83.4% |
| Recurring financial income75 | €336 | €44 | €615 | €323 | €53 | ▼ 83.4% |
| Financial charges65/66B | €11,405 | €3,234 | €7,580 | €6,002 | €6,828 | ▲ 13.8% |
| Recurring financial charges65 | €1,387 | €3,234 | €7,580 | €6,002 | €6,828 | ▲ 13.8% |
| Non-recurring financial charges66B | €10,018 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €60,431 | €30,425 | €36,553 | €36,326 | €111,024 | ▲ 206% |
| Income taxes67/77 | €16,383 | €4,009 | €12,121 | €11,308 | €18,956 | ▲ 67.6% |
| Profit (loss) for the period9904 | €44,048 | €26,416 | €24,432 | €25,019 | €92,068 | ▲ 268% |
| Profit (loss) for the period to be appropriated9905 | €44,048 | €26,416 | €24,432 | €25,019 | €92,068 | ▲ 268% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €244,043 | €348,706 | €373,238 | €345,323 | €399,960 | ▲ 15.8% |
| Fixed assets21/28 | €2,483 | €155,729 | €154,404 | €147,724 | €149,762 | ▲ 1.4% |
| Tangible fixed assets22/27 | €2,483 | €155,729 | €154,404 | €147,724 | €149,762 | ▲ 1.4% |
| Land and buildings22 | - | €154,408 | €143,065 | €137,575 | €132,084 | ▼ 4.0% |
| Plant, machinery and equipment23 | €566 | €283 | €2,780 | €2,649 | €3,290 | ▲ 24.2% |
| Furniture and vehicles24 | €1,917 | €1,038 | €8,558 | €7,500 | €14,387 | ▲ 91.8% |
| Current assets29/58 | €241,560 | €192,977 | €218,834 | €197,599 | €250,198 | ▲ 26.6% |
| Stocks and contracts in progress3 | €8,769 | €16,163 | €16,702 | €16,207 | €15,747 | ▼ 2.8% |
| Stocks30/36 | €8,769 | €16,163 | €16,702 | €16,207 | €15,747 | ▼ 2.8% |
| Amounts receivable within one year40/41 | €98,067 | €77,623 | €87,825 | €95,658 | €26,304 | ▼ 72.5% |
| Trade receivables40 | €80,621 | €60,107 | €77,899 | €82,929 | €20,561 | ▼ 75.2% |
| Other amounts receivable41 | €17,446 | €17,517 | €9,927 | €12,729 | €5,743 | ▼ 54.9% |
| Cash at bank and in hand54/58 | €116,363 | €98,332 | €110,654 | €80,790 | €203,798 | ▲ 152% |
| Deferred charges and accrued income490/1 | €18,361 | €859 | €3,654 | €4,945 | €4,349 | ▼ 12.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €244,043 | €348,706 | €373,238 | €345,323 | €399,960 | ▲ 15.8% |
| Equity10/15 | €52,015 | €85,631 | €114,263 | €139,282 | €231,350 | ▲ 66.1% |
| Contributions10/11 | €7,200 | €14,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €44,815 | €71,231 | €95,663 | €120,682 | €212,750 | ▲ 76.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €42,955 | €69,371 | €95,663 | €120,682 | €212,750 | ▲ 76.3% |
| Profit (loss) carried forward14 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €192,028 | €263,075 | €258,975 | €206,041 | €168,610 | ▼ 18.2% |
| Amounts payable after more than one year17 | - | €111,648 | €99,775 | €87,613 | €75,161 | ▼ 14.2% |
| Financial debts170/4 | - | €111,648 | €99,775 | €87,613 | €75,161 | ▼ 14.2% |
| Amounts payable within one year42/48 | €190,216 | €148,521 | €155,079 | €116,814 | €90,489 | ▼ 22.5% |
| Current portion of amounts payable after more than one year42 | €2,300 | €11,604 | €11,873 | €12,163 | €12,452 | ▲ 2.4% |
| Financial debts43 | - | €3 | €13 | €35 | €995 | ▲ 2,745% |
| Credit institutions430/8 | - | €3 | €13 | €35 | €995 | ▲ 2,745% |
| Trade debts44 | €93,803 | €45,761 | €58,594 | €46,537 | €63,471 | ▲ 36.4% |
| Suppliers440/4 | €93,803 | €45,761 | €58,594 | €46,537 | €63,471 | ▲ 36.4% |
| Taxes, remuneration and social security45 | €17,678 | €25,712 | €18,079 | €17,756 | €2,977 | ▼ 83.2% |
| Taxes450/3 | €17,678 | €25,712 | €18,079 | €15,903 | €504 | ▼ 96.8% |
| Remuneration and social security454/9 | - | - | - | €1,853 | €2,474 | ▲ 33.5% |
| Other amounts payable47/48 | €76,435 | €65,440 | €66,521 | €40,324 | €10,595 | ▼ 73.7% |
| Accrued charges and deferred income492/3 | €1,812 | €2,906 | €4,120 | €1,614 | €2,960 | ▲ 83.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,048 | €26,416 | €24,432 | €25,019 | €92,068 | ▲ 268% |
| + Depreciation and write-downs630 | €1,002 | €12,275 | €18,476 | €10,904 | €14,909 | ▲ 36.7% |
| Operating cash flow (approximation) | €45,049 | €38,691 | €42,908 | €35,923 | €106,977 | ▲ 198% |
| Investment in fixed assets (approximation) | - | -€165,521 | -€17,150 | -€4,225 | -€16,948 | ▼ 301% |
| Change in cash | - | -€18,031 | €12,322 | -€29,864 | €123,008 | ▲ 512% |
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
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €92,068 ▲268%
Operating result €117,798, net result €92,068, both a record.
31-12
Financial
Equity above €200,000Eq €231,350 ▲66.1%
7 profitable years in a row build equity to €231,350.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €100,000Eq €114,263 ▲33.4%
5 profitable years in a row build equity to €114,263.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €4,481
Net result €4,481 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2016
Ground area
775 m²
Building footprint
189 m²
Volume, LiDAR
1,187 m³
Parcel 46013C0356/00F003, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DM Projects
since 20162.261.991.795
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46013C0356/00F003 | Flanders | 775 m² | 1 · 189 m² | 10.4 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 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,038 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
Founded30-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668590712
Also
9925:BE0668590712
Registered
20-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.