DVM PROJECTS
ActiveSummary
DVM PROJECTS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €660,021 and a net result of €246,306. Equity is growing by ~51.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 142 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability89▲+8
Solvency68▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.57 in 2025; short-term debt: 28.6% and cash: 11.1% of total assets), and 56.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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 2026Solvency, return and age of the figures
Solvency
43.5%
Return on assets
16.2%
Age of the figures
6 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-09-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
38 d early
2025
44 d early
2024
51 d early
2023
on the day
2022
3 d late
2021
40 d early
2020
123 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 42 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Equity
€660,021▲ 1.0%
2025 · €653,716
Total assets
€1.5m▲ 10.0%
2025 · €1.4m
Net result
€246,306▲ 76.1%
2025 · €139,877
Working capital
€93,772▼ 31.8%
2025 · €137,473
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
Line20222023202420252026
Operating result€152,230▲ 27.2%€169,736▲ 11.5%€153,946▼ 9.3%€77,679▼ 49.5%€135,202▲ 74.1%
Net result€272,176▲ 214%€199,975▼ 26.5%€173,087▼ 13.4%€139,877▼ 19.2%€246,306▲ 76.1%
Equity€190,776▲ 54.2%€390,751▲ 105%€513,838▲ 31.5%€653,716▲ 27.2%€660,021▲ 1.0%
Total assets€673,833▲ 155%€799,354▲ 18.6%€864,611▲ 8.2%€1.4m▲ 59.7%€1.5m▲ 10.0%
Debt€483,057▲ 243%€408,603▼ 15.4%€350,772▼ 14.2%€727,070▲ 107%€858,746▲ 18.1%
Working capital-€212,881▼ 20,978%-€93,019▲ 56.3%-€512▲ 99.4%€137,473€93,772▼ 31.8%
Staff (FTE)0.31.2▲ 300%1.4▲ 16.7%1▼ 28.6%1.4▲ 40.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2026 Net result +76% on 2025. Cause not known from the registers.
- 2025 Total assets +60% on 2024. Cause not known from the registers.
- 2023 Equity +105% on 2022. Cause not known from the registers.
- 2022 Net result +214%, Total assets +155% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 74% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.5m
Fixed assets
€989,978 ▼ 1.3%
Current assets
€528,789 ▲ 40.2%
Equity and liabilities €1.5m
Equity
€660,021 ▲ 1.0%
Debt
€858,746 ▲ 18.1%
Debt's share of the balance-sheet total rises from 52.7% to 56.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€164,633▲
2025 · €144,346
Cash flow
€275,737▲
2025 · €206,544
Current ratio
1.22▼
2025 · 1.57
Debt to equity
1.30▲
2025 · 1.11
ROE
37.3%▲
2025 · 21.4%
ROA
16.2%▲
2025 · 10.1%
Interest coverage
6.29▼
2025 · 10.76
Debt ≤ 1 year
€435,017▲
2025 · €239,829
Debt > 1 year
€403,582▼
2025 · €475,297
Income taxes
€22,710▼
2025 · €24,403
Staff costs
€80,849▲
2025 · €50,070
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 34,672 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €13,694 | €0 | - | - |
| Remuneration, social security and pensions62 | €19,330 | €86,197 | €95,973 | €50,070 | €80,849 | ▲ 61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,957 | €13,921 | €15,056 | €66,667 | €29,431 | ▼ 55.9% |
| Other operating charges640/8 | €8,118 | €8,658 | €9,003 | €10,925 | €8,843 | ▼ 19.1% |
| Non-recurring operating charges66A | €4,022 | €0 | - | - | - | - |
| Gross operating margin9900 | €190,656 | €278,512 | €273,978 | €205,341 | €254,326 | ▲ 23.9% |
| Operating profit (loss)9901 | €152,230 | €169,736 | €153,946 | €77,679 | €135,202 | ▲ 74.1% |
| Financial income75/76B | €160,022 | €80,000 | €60,002 | €100,010 | €160,000 | ▲ 60.0% |
| Recurring financial income75 | €160,022 | €80,000 | €60,002 | €100,010 | €160,000 | ▲ 60.0% |
| Financial charges65/66B | €8,712 | €10,969 | €10,270 | €13,410 | €26,187 | ▲ 95.3% |
| Recurring financial charges65 | €8,712 | €10,969 | €10,270 | €13,410 | €26,187 | ▲ 95.3% |
| Profit (loss) for the period before taxes9903 | €303,540 | €238,766 | €203,678 | €164,280 | €269,016 | ▲ 63.8% |
| Income taxes67/77 | €31,364 | €38,792 | €30,591 | €24,403 | €22,710 | ▼ 6.9% |
| Profit (loss) for the period9904 | €272,176 | €199,975 | €173,087 | €139,877 | €246,306 | ▲ 76.1% |
| Profit (loss) for the period to be appropriated9905 | €272,176 | €199,975 | €173,087 | €139,877 | €246,306 | ▲ 76.1% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €673,833 | €799,354 | €864,611 | €1.4m | €1.5m | ▲ 10.0% |
| Fixed assets21/28 | €572,641 | €609,996 | €608,711 | €1.0m | €989,978 | ▼ 1.3% |
| Tangible fixed assets22/27 | €89,366 | €126,721 | €125,436 | €520,209 | €506,703 | ▼ 2.6% |
| Land and buildings22 | €85,880 | €119,177 | €121,810 | €517,834 | €504,600 | ▼ 2.6% |
| Plant, machinery and equipment23 | €3,487 | €2,233 | €3,626 | €2,375 | €2,103 | ▼ 11.4% |
| Furniture and vehicles24 | €0 | €5,311 | €0 | - | - | - |
| Financial fixed assets28 | €483,275 | €483,275 | €483,275 | €483,275 | €483,275 | = |
| Current assets29/58 | €101,192 | €189,358 | €255,900 | €377,301 | €528,789 | ▲ 40.2% |
| Amounts receivable after more than one year29 | €0 | - | - | - | - | - |
| Other amounts receivable291 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €70,115 | €108,031 | €239,927 | €321,586 | €355,783 | ▲ 10.6% |
| Trade receivables40 | €60,003 | €106,699 | €229,914 | €28,342 | €24,432 | ▼ 13.8% |
| Other amounts receivable41 | €10,113 | €1,332 | €10,013 | €293,244 | €331,350 | ▲ 13.0% |
| Cash at bank and in hand54/58 | €25,443 | €73,004 | €9,173 | €44,547 | €168,594 | ▲ 278% |
| Deferred charges and accrued income490/1 | €5,634 | €8,324 | €6,800 | €11,168 | €4,412 | ▼ 60.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €673,833 | €799,354 | €864,611 | €1.4m | €1.5m | ▲ 10.0% |
| Equity10/15 | €190,776 | €390,751 | €513,838 | €653,716 | €660,021 | ▲ 1.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €172,176 | €372,151 | €495,238 | €635,116 | €641,421 | ▲ 1.0% |
| Distributable reserves133 | €172,176 | €372,151 | €495,238 | €635,116 | €641,421 | ▲ 1.0% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €483,057 | €408,603 | €350,772 | €727,070 | €858,746 | ▲ 18.1% |
| Amounts payable after more than one year17 | €164,988 | €117,951 | €84,621 | €475,297 | €403,582 | ▼ 15.1% |
| Financial debts170/4 | €164,988 | €117,951 | €84,621 | €475,297 | €403,582 | ▼ 15.1% |
| Amounts payable within one year42/48 | €314,072 | €282,377 | €256,412 | €239,829 | €435,017 | ▲ 81.4% |
| Current portion of amounts payable after more than one year42 | €56,747 | €47,037 | €33,330 | €76,002 | €74,530 | ▼ 1.9% |
| Financial debts43 | €13 | €0 | - | - | - | - |
| Credit institutions430/8 | €13 | €0 | - | - | - | - |
| Trade debts44 | €4,232 | €10,450 | €13,979 | €5,332 | €14,026 | ▲ 163% |
| Suppliers440/4 | €4,232 | €10,450 | €13,979 | €5,332 | €14,026 | ▲ 163% |
| Taxes, remuneration and social security45 | €16,585 | €61,351 | €28,555 | €22,080 | €28,213 | ▲ 27.8% |
| Taxes450/3 | €7,865 | €46,528 | €12,279 | €12,122 | €15,711 | ▲ 29.6% |
| Remuneration and social security454/9 | €8,720 | €14,823 | €16,277 | €9,959 | €12,502 | ▲ 25.5% |
| Other amounts payable47/48 | €236,496 | €163,539 | €180,548 | €136,414 | €318,248 | ▲ 133% |
| Accrued charges and deferred income492/3 | €3,997 | €8,276 | €9,740 | €11,944 | €20,147 | ▲ 68.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €272,176 | €199,975 | €173,087 | €139,877 | €246,306 | ▲ 76.1% |
| + Depreciation and write-downs630 | €6,957 | €13,921 | €15,056 | €66,667 | €29,431 | ▼ 55.9% |
| Operating cash flow (approximation) | €279,133 | €213,896 | €188,143 | €206,544 | €275,737 | ▲ 33.5% |
| Investment in fixed assets (approximation) | - | -€51,275 | -€13,770 | -€461,440 | -€15,925 | ▲ 96.5% |
| Change in cash | - | €47,561 | -€63,830 | €35,374 | €124,047 | ▲ 251% |
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 2027, expected by
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €500,000Eq €513,838 ▲31.5%
6 profitable years in a row build equity to €513,838.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €200,000Eq €390,751 ▲105%
5 profitable years in a row build equity to €390,751.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
31-03
Financial
Highest result since 2019net €272,176 ▲214%
Net result €272,176, the highest in the series.
31-03
Financial
Equity above €150,000Eq €190,776 ▲54.2%
4 profitable years in a row build equity to €190,776.
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Equity above €100,000Eq €123,736 ▲42.1%
3 profitable years in a row build equity to €123,736.
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
17-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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, Kortrijk · 1 establishment unit since 2015
Ground area
329 m²
Building footprint
272 m²
Volume, LiDAR
1,482 m³
Parcel 34352A0130/00T003, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DVM PROJECTS
since 20152.238.448.511
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352A0130/00T003 | Flanders | 329 m² | 1 · 272 m² | 10.3 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-03-2026 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
100%
According to the annual accounts to 31-03-2026 of DVM PROJECTS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 4,050 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
Founded09-01-2015
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
16281Manufacture of other wood products
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
31009Manufacture of furniture
46190Agents in non-specialised wholesale trade
46211Wholesale trade
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568534123
Registered
14-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.