DVMC · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DVMC is 0.9% (low). The 2025 annual accounts show equity of €15k and a net result of €-199. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 225 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 88% of 225 peers (2025). A comfortable equity buffer.

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-05-2026, 31 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.

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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	31-05-2026	31 d late	2026-00128101
30-09-2024	30-04-2025	30-04-2025	on the day	2025-00083304
30-09-2023	30-04-2024	31-05-2024	31 d late	2024-00103087
30-09-2022	30-04-2023	28-04-2023	2 d early	2023-00071096
30-09-2021	30-04-2022	30-05-2022	30 d late	2022-20038971
30-09-2020	30-04-2021	29-03-2021	32 d early	2021-08600397
30-09-2019	30-04-2020	02-04-2020	28 d early	2020-08500442
30-09-2018	30-04-2019	25-03-2019	36 d early	2019-08100301
30-09-2017	30-04-2018	20-04-2018	10 d early	2018-10100594
30-09-2016	30-04-2017	30-03-2017	31 d early	2017-08100001

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2012, 14 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.9% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-199+90.1%

Working capital€15k+2.5%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 31-05-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~34.2%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 25 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	78.8%	39.4%	better than 88% of 225 sector peers
Net result	€-199	€15k	better than 16% of 225 sector peers
Equity	€15k	€46k	better than 23% of 225 sector peers
Gross operating margin	€1k	€41k	better than 7% of 224 sector peers
Total assets	€19k	€131k	better than 5% of 225 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P88

Improving position over 2020-2025 · n=135-695

Net result P16

Weakening position over 2020-2025 · n=135-694

Equity P23

Stable position over 2020-2025 · n=135-695

Gross operating margin P7

Stable position over 2020-2025 · n=135-693

Describes the position versus peers, not a forecast.

EBITDA

€246

- 18-25

Net profit

€-199

+90.1% 18-25

Cash flow

€357

- 18-25

Total assets

€19k

-8.2% 18-25

Equity

€15k

-1.3% 18-25

Working capital

€15k

+2.5% 18-25

Income taxes

€127

- 18-25

Debt

€4k

-27.2% 18-25

Show 9 other metrics

Debt ≤ 1y

€4k

-29.4% 18-25

Debt > 1y

€650

-79.7% 18-25

Current ratio

5.18

+33.5% 18-25

Quick ratio

5.18

+40.5% 18-25

Solvency

78.8%

+7.5% 18-25

Debt / equity

0.27

-26.2% 18-25

ROE

-1.3%

+89.9% 18-25

ROA

-1.0%

+89.2% 18-25

Interest coverage

0.52

- 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€246
Net profit	€-199
Cash flow	€357
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€19k
Equity	€15k
Debt	€4k
of which ≤ 1y	€4k
of which > 1y	-
Working capital	€15k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	5.18
Quick ratio	5.18
Working capital ratio	80.1%
Solvency	78.8%
Debt / equity	0.27
Long-term debt ratio	-
Interest coverage	0.52
Gross margin	-
Net margin	-
ROA	-1.0%
ROE	-1.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €148 · 0.8% Current assets €19k · 99.2%

Equity & liabilities

Equity €15k · 78.8% Debt €4k · 21.2%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€19k
Fixed assets	21/28	€148
Tangible fixed assets	22/27	€148
Current assets	29/58	€19k
Amounts receivable within one year	40/41	€7k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€19k
Equity	10/15	€15k
Contributions / capital	10/11	€30k
Reserves	13	€279
Accumulated profits (losses)	14	€-15k
Amounts payable	17/49	€4k
Amounts payable within one year	42/48	€4k
Trade debts payable within one year	44	€4k
Income statement
Gross operating margin	9900	€1k
Operating result	9901	€-310
Financial income	75	€587
Financial charges	65	€475
Result before taxes	9903	€-199
Net result for the period	9904	€-199
Result to be appropriated	9905	€-199

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

60 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

Former directors (2)

Degrauwe Rik
Director
State Gazette act 26311670 (18-02-2026)

Former
- → 18-02-2026
Vandevelde Heidi
Manager
State Gazette act 17166370 (28-11-2017)

Former
- → 30-09-2017

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Verspanend bewerken van metalen(25530)
Legal form	Private limited company(610)
Incorporation	03-02-2012
Status	Active
Postal code	8610

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Makeveldstraat 148610 Kortemark

Establishment units

1 location

DVMC

Oude Wijnendalestraat 48, 8820 TorhoutVervaardiging van metalen constructiewerken en delen daarvan

since 20122.207.074.652

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area3,255 m²

Buildings2

Building footprint357 m²

Volume (LiDAR)1,878 m³

Tallest building8.4 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)