Dumax
ActiveSummary
Dumax has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260,448 and a net result of -€57,308. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 43% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▲+5
Solvency46▼-4
Growth35=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.06 in 2024; short-term debt: 30.6% of total assets), and 78.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€57,308
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
41 d early
2023
7 d early
2022
59 d late
2021
36 d early
2020
66 d early
2019
26 d 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 17 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 24 April (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€93,667▼ 31.2%
2018 · €136,126
EBIT margin
12.0%▲ 10.1pp
2018 · 1.9%
Net result
-€57,308▲ 47.3%
2024 · -€108,768
Working capital
-€364,453▼ 25.0%
2024 · -€291,612
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€93,667
Operating result€11,241▲ 409%€9,688▼ 13.8%€7,033▼ 27.4%-€94,343-€44,185▲ 53.2%
Net result€8,145within the sector's middle half▲ 279%-€4,899within the sector's middle half-€12,629below the sector's middle half▼ 158%-€108,768below the sector's middle half▼ 761%-€57,308below the sector's middle half▲ 47.3%
EBIT margin12.0%
Equity€15,956within the sector's middle half▲ 104%€11,057below the sector's middle half▼ 30.7%-€1,572below the sector's middle half€317,756within the sector's middle half€260,448within the sector's middle half▼ 18.0%
Total assets€940,845within the sector's middle half▲ 2,311%€904,269within the sector's middle half▼ 3.9%€872,505within the sector's middle half▼ 3.5%€1.3mabove the sector's middle half▲ 44.6%€1.2mabove the sector's middle half▼ 3.8%
Debt€924,889▲ 2,864%€893,212▼ 3.4%€874,077▼ 2.1%€943,754▲ 8.0%€953,264▲ 1.0%
Working capital-€109,753below the sector's middle half-€127,174below the sector's middle half▼ 15.9%-€167,101below the sector's middle half▼ 31.4%-€291,612below the sector's middle half▼ 74.5%-€364,453below the sector's middle half▼ 25.0%
Solvency1.7%below the sector's middle half▼ 18.3pp1.2%below the sector's middle half▼ 0.5pp-0.2%below the sector's middle half▼ 1.4pp25.2%within the sector's middle half▲ 25.4pp21.5%within the sector's middle half▼ 3.7pp
Current ratio0.18below the sector's middle half▼ 1.500.14below the sector's middle half▼ 0.040.13below the sector's middle half▼ 0.020.06below the sector's middle half▼ 0.060.02below the sector's middle half▼ 0.05
Return on assets (ROA)0.9%within the sector's middle half▼ 4.6pp-0.5%within the sector's middle half▼ 1.4pp-1.4%within the sector's middle half▼ 0.9pp-8.6%below the sector's middle half▼ 7.2pp-4.7%below the sector's middle half▲ 3.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44,185 in 2025 against €94,343 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.2m ▼ 2.8%
Current assets
€6,861 ▼ 65.6%
Equity and liabilities €1.2m
Equity
€260,448 ▼ 18.0%
Debt
€953,264 ▲ 1.0%
Debt's share of the balance-sheet total rises from 74.8% to 78.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,467▲
2024 · -€59,605
Cash flow
-€22,590▲
2024 · -€74,030
Debt to equity
3.66▲
2024 · 2.97
ROE
-22.0%▲
2024 · -34.2%
Interest coverage
-0.72▲
2024 · -4.29
Debt ≤ 1 year
€371,314▲
2024 · €311,553
Debt > 1 year
€581,950▼
2024 · €632,201
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,423 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
1.0%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 1,423 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €93,667 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €432 | €34,786 | €34,761 | €34,738 | €34,718 | ▼ 0.1% |
| Other operating charges640/8 | - | €3,093 | €610 | €3,786 | €968 | ▼ 74.4% |
| Gross operating margin9900 | €14,125 | €47,567 | €42,404 | -€55,819 | -€8,499 | ▲ 84.8% |
| Operating profit (loss)9901 | €11,241 | €9,688 | €7,033 | -€94,343 | -€44,185 | ▲ 53.2% |
| Financial charges65/66B | - | €14,587 | €19,662 | €13,882 | €13,123 | ▼ 5.5% |
| Recurring financial charges65 | €1,059 | €14,587 | €19,662 | €13,882 | €13,123 | ▼ 5.5% |
| Profit (loss) for the period before taxes9903 | €10,182 | -€4,899 | -€12,629 | -€108,225 | -€57,308 | ▲ 47.0% |
| Income taxes67/77 | €2,036 | - | - | €543 | - | - |
| Profit (loss) for the period9904 | €8,145 | -€4,899 | -€12,629 | -€108,768 | -€57,308 | ▲ 47.3% |
| Profit (loss) for the period to be appropriated9905 | €8,145 | -€4,899 | -€12,629 | -€108,768 | -€57,308 | ▲ 47.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €940,845 | €904,269 | €872,505 | €1.3m | €1.2m | ▼ 3.8% |
| Fixed assets21/28 | €916,858 | €882,972 | €848,211 | €1.2m | €1.2m | ▼ 2.8% |
| Tangible fixed assets22/27 | €916,858 | €882,072 | €847,311 | €1.2m | €1.2m | ▼ 2.8% |
| Land and buildings22 | - | €880,636 | €846,259 | €1.2m | €1.2m | ▼ 2.8% |
| Plant, machinery and equipment23 | - | €1,436 | €1,052 | €669 | €286 | ▼ 57.2% |
| Financial fixed assets28 | - | €900 | €900 | €900 | €900 | = |
| Current assets29/58 | €23,987 | €21,297 | €24,294 | €19,941 | €6,861 | ▼ 65.6% |
| Amounts receivable after more than one year29 | - | €0 | - | - | - | - |
| Trade receivables290 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €21,523 | €21,172 | €23,250 | €5,950 | €6,076 | ▲ 2.1% |
| Trade receivables40 | - | €15,222 | €17,300 | - | - | - |
| Other amounts receivable41 | - | €5,950 | €5,950 | €5,950 | €6,076 | ▲ 2.1% |
| Current investments50/53 | - | €125 | €1,044 | €13,991 | €785 | ▼ 94.4% |
| Cash at bank and in hand54/58 | €1,564 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €940,845 | €904,269 | €872,505 | €1.3m | €1.2m | ▼ 3.8% |
| Equity10/15 | €15,956 | €11,057 | -€1,572 | €317,756 | €260,448 | ▼ 18.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | - | - | - | - |
| Issued capital100 | - | €6,200 | - | - | - | - |
| Revaluation surpluses12 | - | - | - | €428,096 | €428,096 | = |
| Reserves13 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Non-distributable reserves130/1 | - | €500 | €500 | €500 | €500 | = |
| Reserves not available under the articles1311 | - | €500 | €500 | €500 | €500 | = |
| Distributable reserves133 | - | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Profit (loss) carried forward14 | €2,256 | -€2,643 | -€15,272 | -€124,040 | -€181,348 | ▼ 46.2% |
| Amounts payable17/49 | €924,889 | €893,212 | €874,077 | €943,754 | €953,264 | ▲ 1.0% |
| Amounts payable after more than one year17 | €791,149 | €744,741 | €682,682 | €632,201 | €581,950 | ▼ 7.9% |
| Financial debts170/4 | - | €744,741 | €682,682 | €632,201 | €581,950 | ▼ 7.9% |
| Amounts payable within one year42/48 | €133,739 | €148,471 | €191,395 | €311,553 | €371,314 | ▲ 19.2% |
| Current portion of amounts payable after more than one year42 | - | €50,481 | €50,481 | €50,252 | €48,781 | ▼ 2.9% |
| Trade debts44 | €7,154 | €24,064 | €27,715 | €1,599 | €479 | ▼ 70.0% |
| Suppliers440/4 | - | €24,064 | €27,715 | €1,599 | €479 | ▼ 70.0% |
| Taxes, remuneration and social security45 | - | €4,190 | €7,842 | €4,378 | €8,519 | ▲ 94.6% |
| Taxes450/3 | - | €4,190 | €7,842 | €4,378 | €8,519 | ▲ 94.6% |
| Other amounts payable47/48 | - | €69,736 | €105,357 | €255,324 | €313,535 | ▲ 22.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,145 | -€4,899 | -€12,629 | -€108,768 | -€57,308 | ▲ 47.3% |
| + Depreciation and write-downs630 | €432 | €34,786 | €34,761 | €34,738 | €34,718 | ▼ 0.1% |
| Operating cash flow (approximation) | €8,577 | €29,887 | €22,132 | -€74,030 | -€22,590 | ▲ 69.5% |
| Investment in fixed assets (approximation) | - | -€900 | €0 | -€428,096 | €0 | ▲ 100% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€108,768
Net result drops to -€108,768, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €200,000Eq €317,756
Equity rises from -€1,572 to €317,756.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €8,145 ▲279%
Operating result €11,241, net result €8,145, both a record.
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €119
Net result €119 after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Aalter · 1 establishment unit since 2016
Ground area
6,445 m²
Building footprint
420 m²
Volume, LiDAR
2,400 m³
Parcel 44502C0728/00X000, Flanders · tallest building 17.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dumax
since 20162.254.308.011
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44502C0728/00X000 | Flanders | 6,445 m² | 1 · 420 m² | 17.9 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 7,321 companies in sector 68110 we hold annual accounts for 5,387. 3,854 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
Founded26-05-2016
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655664471
Also
9925:BE0655664471
Registered
14-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.