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dormakaba Belgium

Active
Public limited companyfounded 1995active for 31 yearsMonnikenwerve 17-19, 8000 Brugge, BelgiumKBO/BCE: BE 0455.986.706
Summary

The computed 12-month bankruptcy probability of dormakaba Belgium is 6.2% (elevated). The 2025 annual accounts show negative equity (-€1.5m) and a net result of -€2.6m. Equity is shrinking by about 13% per year across the filed financial years. Its solvency ranks better than 5% of 2,416 sector peers (NACE 43, financial year 2025). The company has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other specialised construction activities
NACE 43990Manufacture of fabricated metal products, except machinery and equipment NACE 25120
#2 company by staff growth in Bruges, Construction sector1 site
Size
€25.6mturnover 2025
Staff
102.5 FTE
Equity
-€1.5m
Loss
-€2.6m
Financial health
32 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
6.2%
Structure
Parent
Dormakaba International Holding AG
Board
7 members
Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESAccounts 103 days early
Why 32raises riskNegative equity -€1.5mLoss of €2.6m, the second in a row (financial year 2025)Liquidity: current ratio 1.10Sector: Specialised construction activities (NACE 43)Show the evidence

Checked score

Score 2025
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 4% of its sector peers (NACE 43, medium-sized)
Financial strength · tick = 2024
Weak
Solvency 4-32
equity -21.0% of total assets
Liquidity 3-6
short-term debt 87.9%
Profitability 0-33
return on assets -37.7%
Bankruptcy probability, 12 months
6.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (242 companies, NACE 43, medium-sized)
Last 24 months 11-2024: 2.0%lowest value 12-2024: 2.1%▲ +0.1 percentage points vs 11-2024 01-2025: 2.4%▲ +0.3 percentage points vs 12-2024 02-2025: 2.3%▼ -0.1 percentage points vs 01-2025 03-2025: 2.3%● unchanged vs 02-2025 04-2025: 2.3%● unchanged vs 03-2025 05-2025: 2.3%● unchanged vs 04-2025 06-2025: 2.3%● unchanged vs 05-2025 07-2025: 2.3%● unchanged vs 06-2025 08-2025: 2.2%▼ -0.1 percentage points vs 07-2025 09-2025: 2.2%● unchanged vs 08-2025 10-2025: 2.2%● unchanged vs 09-2025 11-2025: 6.4%▲ +4.2 percentage points vs 10-2025highest value 12-2025: 6.4%● unchanged vs 11-2025highest value 01-2026: 6.4%● unchanged vs 12-2025highest value 02-2026: 6.4%● unchanged vs 01-2026highest value 03-2026: 6.4%● unchanged vs 02-2026highest value 04-2026: 6.4%● unchanged vs 03-2026highest value 05-2026: 6.4%● unchanged vs 04-2026highest value 06-2026: 6.4%● unchanged vs 05-2026highest value 07-2026: 6.3%▼ -0.1 percentage points vs 06-2026 08-2026: 6.3%● unchanged vs 07-2026 09-2026: 6.3%● unchanged vs 08-2026 10-2026: 6.2%▼ -0.1 percentage points vs 09-2026
No credit on open account
Liquidity tight (current ratio 1.1, compared with 1.18 in 2024; short-term debt: 87.9% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, medium-sized): better than 1% on solvency, 2% on liquidity, 2% on profitability and 10% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
+raises risk○neutral
raises risk · Negative equity -€1.5m
NBB · annual accounts
raises risk · Loss of €2.6m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.10
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€1.5m
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-10-2025, 103 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
103 days early
2024
21 days early
2023
132 days late
2022
47 days early
2021
45 days early
2020
45 days early
2019
39 days early
← 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 24 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 17 December (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end09-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: PwC Bedrijfsrevisoren BV (statutory auditor)Appointment: BDO Bedrijfsrevisoren BV (statutory…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Weakest financial yearnet -€2.6m

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€1.5m View
  • Caution: Result fell in 2025from -€333,563 to -€2.6m ▼ 687% View
  • Caution: Among the weakest 5% on solvencysector median 42.6% · 2,416 companies -21.0% View
  • Controlled by Dormakaba International Holding AG parent View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€2.6m View

By topic

Financials

Financial year
2025
Turnover
€25.6m
Loss
-€2.6m
Solvency
-21.0%
Turnover▼ 8.9%
Net result
20192025
Go to Financials

Board & ownership

Board
7 members
Parent
Dormakaba International Holding AG
Auditor
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
  • Gerald DesmetManaging director
  • Patrick GrawehrDirector
  • Steve BewickDirector
  • Arias Maestro Juan AndresDirector
  • Henri Villeroy de GalhauDirector

and 2 other directors

Go to Board & ownership

Timeline

Events
59
Since
1997
Next accounts
by 31-01-2027
  1. 21-01-2025Reappointments: PwC Bedrijfsrevisoren BV, Svilen Yordanov Petkov…
  2. 10-01-2025Annual accounts filed
  3. 11-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
07-09-1995
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
I. Voor eigen rekening, voor rekening van derden, of in deelneming met derden, bijdragen…
Go to Articles of association

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