DMT Chassis
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 5 filings
Turnover
€11,000
EBIT margin
22.0%
Net result
€17,827▲ 23.5%
2024 · €14,434
Working capital
€1,691▼ 92.6%
2024 · €22,958
Multi-year overview
2021 to 2025, 5 financial yearsTurnover
no figure
2025
20212025
Operating result
€29,092
▲ 36.6%
2025
20212025
Net result
€17,827
▲ 23.5%
2025
middle half of the sector
20212025
EBIT margin
no figure
2025
20212025
Equity
€40,743
▲ 77.8%
2025
middle half of the sector
20212025
Total assets
€176,615
▲ 94.8%
2025
middle half of the sector
20212025
Debt
€135,872
▲ 100%
2025
20212025
Working capital
€1,691
▼ 92.6%
2025
lowest quarter of the sector
20212025
Solvency
23.1%
▼ 2.2pp
2025
lowest quarter of the sector
20212025
Current ratio
1.02
▼ 0.64
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
10.1%
▼ 5.8pp
2025
middle half of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Turnover€11,000
Operating result-€1,109-€2,425€7,939▲ 227%€21,301▲ 168%€29,092▲ 36.6%
Net result-€1,152below the sector's middle half-€2,093within the sector's middle half€6,043within the sector's middle half▲ 189%€14,434within the sector's middle half▲ 139%€17,827within the sector's middle half▲ 23.5%
EBIT margin22.0%
Equity€348below the sector's middle half-€2,441below the sector's middle half▲ 601%€8,484below the sector's middle half▲ 248%€22,917within the sector's middle half▲ 170%€40,743within the sector's middle half▲ 77.8%
Total assets€587below the sector's middle half-€20,210below the sector's middle half▲ 34×€84,316within the sector's middle half▲ 317%€90,686within the sector's middle half▲ 7.6%€176,615within the sector's middle half▲ 94.8%
Debt€239-€17,769▲ 74×€75,832▲ 327%€67,769▼ 10.6%€135,872▲ 100%
Working capital€348below the sector's middle half-€2,441below the sector's middle half▲ 601%-€2,559below the sector's middle half€22,958within the sector's middle half€1,691below the sector's middle half▼ 92.6%
Solvency12.1%below the sector's middle half10.1%below the sector's middle half▼ 2.0pp25.3%within the sector's middle half▲ 15.2pp23.1%below the sector's middle half▼ 2.2pp
Current ratio1.14within the sector's middle half0.95below the sector's middle half▼ 0.191.66within the sector's middle half▲ 0.711.02below the sector's middle half▼ 0.64
Return on assets (ROA)10.4%within the sector's middle half7.2%within the sector's middle half▼ 3.2pp15.9%within the sector's middle half▲ 8.7pp10.1%within the sector's middle half▼ 5.8pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 37% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €176,615
Fixed assets
€103,194 ▲ 213%
Current assets
€73,421 ▲ 27.2%
Equity and liabilities €176,615
Equity
€40,743 ▲ 77.8%
Debt
€135,872 ▲ 100%
Debt's share of the balance-sheet total rises from 74.7% to 76.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55,412▲
2024 · €29,904
Cash flow
€44,147▲
2024 · €23,037
Debt to equity
3.33▲
2024 · 2.96
ROE
43.8%▼
2024 · 63.0%
Interest coverage
16.58▼
2024 · 23.13
Debt ≤ 1 year
€71,730▲
2024 · €34,749
Debt > 1 year
€64,142▲
2024 · €16,520
Income taxes
€7,927▲
2024 · €5,583
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €37,118 | €8,281 | €96,535 |
| Depreciation and write-downs of the year | - | - | €3,817 | €8,603 | €26,320 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €11,000 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €8,227 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €3,817 | €8,603 | €26,320 | ▲ 206% |
| Other operating charges640/8 | €739 | €348 | €459 | €566 | €3,873 | ▲ 584% |
| Gross operating margin9900 | -€370 | €2,773 | €12,215 | €30,470 | €59,285 | ▲ 94.6% |
| Operating profit (loss)9901 | -€1,109 | €2,425 | €7,939 | €21,301 | €29,092 | ▲ 36.6% |
| Financial income75/76B | - | - | €8 | €9 | €5 | ▼ 44.4% |
| Recurring financial income75 | - | - | €8 | €9 | €5 | ▼ 44.4% |
| Financial charges65/66B | €43 | €97 | €810 | €1,293 | €3,343 | ▲ 159% |
| Recurring financial charges65 | €43 | €97 | €810 | €1,293 | €3,343 | ▲ 159% |
| Profit (loss) for the period before taxes9903 | -€1,152 | €2,328 | €7,137 | €20,017 | €25,754 | ▲ 28.7% |
| Income taxes67/77 | - | €235 | €1,094 | €5,583 | €7,927 | ▲ 42.0% |
| Profit (loss) for the period9904 | -€1,152 | €2,093 | €6,043 | €14,434 | €17,827 | ▲ 23.5% |
| Profit (loss) for the period to be appropriated9905 | -€1,152 | €2,093 | €6,043 | €14,434 | €17,827 | ▲ 23.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €587 | €20,210 | €84,316 | €90,686 | €176,615 | ▲ 94.8% |
| Fixed assets21/28 | - | - | €33,301 | €32,979 | €103,194 | ▲ 213% |
| Tangible fixed assets22/27 | - | - | €33,301 | €32,979 | €103,194 | ▲ 213% |
| Plant, machinery and equipment23 | - | - | €2,263 | €7,680 | €16,615 | ▲ 116% |
| Furniture and vehicles24 | - | - | €31,038 | €25,299 | €86,579 | ▲ 242% |
| Current assets29/58 | €587 | €20,210 | €51,015 | €57,707 | €73,421 | ▲ 27.2% |
| Amounts receivable within one year40/41 | - | €261 | €45,146 | €29,962 | €37,765 | ▲ 26.0% |
| Trade receivables40 | - | - | €45,146 | €29,962 | €37,765 | ▲ 26.0% |
| Other amounts receivable41 | - | €261 | - | - | - | - |
| Cash at bank and in hand54/58 | €587 | €19,949 | €5,146 | €27,434 | €34,437 | ▲ 25.5% |
| Deferred charges and accrued income490/1 | - | - | €723 | €311 | €1,219 | ▲ 292% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €587 | €20,210 | €84,316 | €90,686 | €176,615 | ▲ 94.8% |
| Equity10/15 | €348 | €2,441 | €8,484 | €22,917 | €40,743 | ▲ 77.8% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | - | - | - | €14,433 | €32,259 | ▲ 124% |
| Non-distributable reserves130/1 | - | - | - | €14,433 | €32,259 | ▲ 124% |
| Reserves not available under the articles1311 | - | - | - | €14,433 | €32,259 | ▲ 124% |
| Profit (loss) carried forward14 | -€1,152 | €941 | €6,984 | €6,984 | €6,984 | = |
| Amounts payable17/49 | €239 | €17,769 | €75,832 | €67,769 | €135,872 | ▲ 100% |
| Amounts payable after more than one year17 | - | - | €22,258 | €16,520 | €64,142 | ▲ 288% |
| Financial debts170/4 | - | - | €22,258 | €16,520 | €64,142 | ▲ 288% |
| Amounts payable within one year42/48 | €239 | €17,769 | €53,574 | €34,749 | €71,730 | ▲ 106% |
| Current portion of amounts payable after more than one year42 | - | - | €5,504 | €6,897 | €15,352 | ▲ 123% |
| Trade debts44 | - | €1,566 | €38,313 | €12,410 | €7,335 | ▼ 40.9% |
| Suppliers440/4 | - | €1,566 | €38,313 | €12,410 | €7,335 | ▼ 40.9% |
| Taxes, remuneration and social security45 | - | €5,907 | €4,745 | €14,354 | €5,279 | ▼ 63.2% |
| Taxes450/3 | - | €1,907 | €3,245 | €1,354 | €5,279 | ▲ 290% |
| Remuneration and social security454/9 | - | €4,000 | €1,500 | €13,000 | - | - |
| Other amounts payable47/48 | €239 | €10,296 | €5,012 | €1,088 | €43,764 | ▲ 40× |
| Accrued charges and deferred income492/3 | - | - | - | €16,500 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,152 | €2,093 | €6,043 | €14,434 | €17,827 | ▲ 23.5% |
| + Depreciation and write-downs630 | - | - | €3,817 | €8,603 | €26,320 | ▲ 206% |
| Operating cash flow (approximation) | -€1,152 | €2,093 | €9,860 | €23,037 | €44,147 | ▲ 91.6% |
| Investment in fixed assets (approximation) | - | - | - | -€8,281 | -€96,535 | ▼ 1,066% |
| Change in cash | - | €19,362 | -€14,803 | €22,288 | €7,003 | ▼ 68.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,713 companies had the same profile as DMT Chassis has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.2%
stopped otherwise
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DMT Chassis itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for DMT Chassis. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00351530 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00342726 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00319430 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00308653 | |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20274145 |