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DMD

Active
Private limited companyfounded 20224 yrs activeAfrikalaan 48, 9000 Gent, BelgiumKBO/BCE: BE 0781.694.195
Summary

The computed 12-month bankruptcy probability of DMD is 2.2% (moderate). The 2024 annual accounts show equity of €221,631 and a net result of €67,826. Equity is growing by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 44% of 805 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
Profitability82▲+2
Solvency59=
Growth52=
Track record94
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.32 in 2023; short-term debt: 65.5% and cash: 1.4% of total assets), and 65.5% of the assets are financed with debt.
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Signals

Three 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
69 d late
2023
301 d late
2022
133 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 168 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 February 2022, DMD was incorporated as a Private limited company.1 Total assets went from EUR 352,021 in 2022 to EUR 642,521 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, abbreviated schema

Turnover
€1.1m
EBIT margin
13.3%
Net result
€67,826▲ 64.5%
2023 · €41,232
Working capital
€175,686▲ 90.8%
2023 · €92,081
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Line202220232024
Turnover€1.1m-
Operating result€140,805-€54,656▼ 61.2%€99,662▲ 82.3%
Net result€109,573above the sector's middle half-€41,232within the sector's middle half▼ 62.4%€67,826within the sector's middle half▲ 64.5%
EBIT margin13.3%-
Equity€112,573within the sector's middle half-€153,805within the sector's middle half▲ 36.6%€221,631within the sector's middle half▲ 44.1%
Total assets€352,021within the sector's middle half-€445,996below the sector's middle half▲ 26.7%€642,521within the sector's middle half▲ 44.1%
Debt€239,448-€292,191▲ 22.0%€420,890▲ 44.0%
Working capital€83,708-€92,081▲ 10.0%€175,686▲ 90.8%
Solvency32.0%within the sector's middle half-34.5%within the sector's middle half▲ 2.5pp34.5%within the sector's middle half=
Staff (FTE)41.2above the sector's middle half42.1above the sector's middle half▲ 2.2%
above within below the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2022: €140,805€140,805Net result 2022: €109,573€109,573Operating result 2023: €54,656€54,656Net result 2023: €41,232€41,232Operating result 2024: €99,662€99,662Net result 2024: €67,826€67,826202220232024€0€50,000€100,000€150,000Operating result 2022: €140,805€141,000Net result 2022: €109,573€110,000Operating result 2023: €54,656€54,700Net result 2023: €41,232€41,200Operating result 2024: €99,662€99,700Net result 2024: €67,826€67,800202220232024
The operating result recovers in 2024; 2024 is 82% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €642,521
Fixed assets €46,027 ▼ 25.4%
Current assets €596,494 ▲ 55.2%
Equity and liabilities €642,521
Equity €221,631 ▲ 44.1%
Debt €420,890 ▲ 44.0%
Debt's share of the balance-sheet total stays at 65.5%.
Key figures and ratios
2024 value · change against 2023
EBITDA
€124,620▲
2023 · €67,270
Cash flow
€92,783▲
2023 · €53,846
Current ratio
1.42▲
2023 · 1.32
Debt to equity
1.90=
2023 · 1.90
ROE
30.6%▲
2023 · 26.8%
ROA
10.6%▲
2023 · 9.2%
Interest coverage
169.95▲
2023 · 100.00
Debt ≤ 1 year
€420,809▲
2023 · €292,191
Income taxes
€31,103▲
2023 · €14,566
Staff costs
€1.8m▲
2023 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,126 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.8% went bankrupt
1.9% stopped otherwise
97% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 3,126 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€445,996€642,521▲
Fixed assets21/28€61,724€46,027▼
Tangible fixed assets22/27€59,324€43,627▼
Furniture and vehicles24€59,324€43,627▼
Financial fixed assets28€2,400€2,400=
Current assets29/58€384,272€596,494▲
Amounts receivable within one year40/41€276,937€587,238▲
Trade receivables40€208,513€472,221▲
Other amounts receivable41€68,424€115,017▲
Cash at bank and in hand54/58€107,335€9,256▼
Equity and liabilities
Total equity and liabilities10/49€445,996€642,521▲
Equity10/15€153,805€221,631▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€150,805€218,631▲
Amounts payable17/49€292,191€420,890▲
Amounts payable within one year42/48€292,191€420,809▲
Trade debts44€35,581€125,623▲
Suppliers440/4€35,581€125,623▲
Taxes, remuneration and social security45€256,610€235,186▼
Taxes450/3€77,624€88,038▲
Remuneration and social security454/9€178,986€147,148▼
Other amounts payable47/48-€60,000
Accrued charges and deferred income492/3-€82
Income statement Code20232024
Remuneration, social security and pensions62€1.5m€1.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,615€24,958▲
Other operating charges640/8€6,529€13,544▲
Gross operating margin9900€1.5m€1.9m▲
Operating profit (loss)9901€54,656€99,662▲
Financial income75/76B€1,815-
Recurring financial income75€1,815-
Financial charges65/66B€673€733▲
Recurring financial charges65€673€733▲
Profit (loss) for the period before taxes9903€55,798€98,929▲
Income taxes67/77€14,566€31,103▲
Profit (loss) for the period9904€41,232€67,826▲
Profit (loss) for the period to be appropriated9905€41,232€67,826▲
Appropriation of the result
Profit (loss) to be appropriated9906€150,805€218,631▲
Profit (loss) brought forward from the previous period14P€109,573€150,805▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Turnover70€1.1m---
Goods, raw materials, services and sundry goods60/61€173,477---
Remuneration, social security and pensions62€744,397€1.5m€1.8m▲ 22.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,535€12,615€24,958▲ 97.8%
Other operating charges640/8€11,993€6,529€13,544▲ 107%
Gross operating margin9900€898,731€1.5m€1.9m▲ 25.9%
Operating profit (loss)9901€140,805€54,656€99,662▲ 82.3%
Financial income75/76B€4€1,815--
Recurring financial income75€4€1,815--
Financial charges65/66B€250€673€733▲ 9.0%
Recurring financial charges65€250€673€733▲ 9.0%
Profit (loss) for the period before taxes9903€140,559€55,798€98,929▲ 77.3%
Income taxes67/77€30,985€14,566€31,103▲ 114%
Profit (loss) for the period9904€109,573€41,232€67,826▲ 64.5%
Profit (loss) for the period to be appropriated9905€109,573€41,232€67,826▲ 64.5%
Line202220232024Change
Assets
Total assets20/58€352,021€445,996€642,521▲ 44.1%
Fixed assets21/28€28,865€61,724€46,027▼ 25.4%
Tangible fixed assets22/27€26,465€59,324€43,627▼ 26.5%
Furniture and vehicles24€26,465€59,324€43,627▼ 26.5%
Financial fixed assets28€2,400€2,400€2,400=
Current assets29/58€323,156€384,272€596,494▲ 55.2%
Amounts receivable within one year40/41€163,951€276,937€587,238▲ 112%
Trade receivables40€163,828€208,513€472,221▲ 126%
Other amounts receivable41€123€68,424€115,017▲ 68.1%
Cash at bank and in hand54/58€159,206€107,335€9,256▼ 91.4%
Equity and liabilities
Total equity and liabilities10/49€352,021€445,996€642,521▲ 44.1%
Equity10/15€112,573€153,805€221,631▲ 44.1%
Contributions10/11€3,000€3,000€3,000=
Profit (loss) carried forward14€109,573€150,805€218,631▲ 45.0%
Amounts payable17/49€239,448€292,191€420,890▲ 44.0%
Amounts payable within one year42/48€239,448€292,191€420,809▲ 44.0%
Trade debts44€127,112€35,581€125,623▲ 253%
Suppliers440/4€127,112€35,581€125,623▲ 253%
Taxes, remuneration and social security45€112,336€256,610€235,186▼ 8.3%
Taxes450/3€51,057€77,624€88,038▲ 13.4%
Remuneration and social security454/9€61,278€178,986€147,148▼ 17.8%
Other amounts payable47/48--€60,000-
Accrued charges and deferred income492/3--€82-
Line202220232024Change
Profit (loss) for the period9904€109,573€41,232€67,826▲ 64.5%
+ Depreciation and write-downs630€1,535€12,615€24,958▲ 97.8%
Operating cash flow (approximation)€111,108€53,846€92,783▲ 72.3%
Investment in fixed assets (approximation)--€45,474-€9,261▲ 79.6%
Change in cash--€51,871-€98,079▼ 89.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
08-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 69 days late
28-05
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 301 days late
2024
31-12
Financial Equity above €200,000Eq €221,631 ▲44.1%
3 profitable years in a row build equity to €221,631.
2023
31-12
Financial Weakest financial yearnet €41,232 ▼62.4%
Net result drops to €41,232, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €150,000Eq €153,805 ▲36.6%
2 profitable years in a row build equity to €153,805.
11-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 133 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, Gent · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
2,172 m²
Building footprint
1,960 m²
Volume, LiDAR
13,538 m³
Parcel 44807G0755/00N006, Flanders · tallest building 30.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DMD
Afrikalaan 48, 9000 GentManufacture of food products
since 20222.327.378.903
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44807G0755/00N006 Flanders 2,172 m² 1 · 1,960 m² 30.0 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.

Similar companies · same sector, comparable size

Of 599 companies in sector 10111 we hold annual accounts for 329. 240 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
Founded07-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
10111Manufacture of food products
10120Manufacture of food products
10130Manufacture of food products
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0781694195
Also 9925:BE0781694195
Registered 07-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.