Group DM
ActiveSummary
Group DM has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83,437 and a net result of -€30,309. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 60% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-81
Solvency78▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.97 in 2024; short-term debt: 35.9% and cash: 34.1% of total assets), and 47.1% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.9%
Return on assets
-19.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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.
NBB · 9 filingsDeviation from the deadline
2025
24 d late
2024
38 d late
2023
84 d early
2022
33 d early
2021
32 d early
2020
36 d early
2019
69 d late
← 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 8 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 June (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€83,437▼ 26.6%
2024 · €113,745
Total assets
€157,792▼ 23.1%
2024 · €205,325
Net result
-€30,309
2024 · €20,136
Working capital
€44,420▼ 30.1%
2024 · €63,570
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,246▼ 58.3%€8,595▲ 165%€21,272▲ 147%€36,499▲ 71.6%-€24,454
Net result-€11below the sector's middle half€3,673below the sector's middle half€11,680within the sector's middle half▲ 218%€20,136within the sector's middle half▲ 72.4%-€30,309below the sector's middle half
Equity€78,256below the sector's middle half=€81,929below the sector's middle half▲ 4.7%€93,609below the sector's middle half▲ 14.3%€113,745below the sector's middle half▲ 21.5%€83,437within the sector's middle half▼ 26.6%
Total assets€159,824below the sector's middle half▼ 18.6%€184,287below the sector's middle half▲ 15.3%€172,223below the sector's middle half▼ 6.5%€205,325below the sector's middle half▲ 19.2%€157,792below the sector's middle half▼ 23.1%
Debt€81,568▼ 30.9%€102,357▲ 25.5%€78,614▼ 23.2%€91,579▲ 16.5%€74,356▼ 18.8%
Working capital€90,397within the sector's middle half▲ 41.0%€97,690within the sector's middle half▲ 8.1%€51,958within the sector's middle half▼ 46.8%€63,570within the sector's middle half▲ 22.3%€44,420within the sector's middle half▼ 30.1%
Solvency49.0%within the sector's middle half▲ 9.1pp44.5%within the sector's middle half▼ 4.5pp54.4%within the sector's middle half▲ 9.9pp55.4%within the sector's middle half▲ 1.0pp52.9%within the sector's middle half▼ 2.5pp
Current ratio3.45above the sector's middle half▲ 1.743.11above the sector's middle half▼ 0.351.91within the sector's middle half▼ 1.191.97within the sector's middle half▲ 0.061.78within the sector's middle half▼ 0.19
Return on assets (ROA)0.0%below the sector's middle half▼ 2.8pp2.0%within the sector's middle half▲ 2.0pp6.8%within the sector's middle half▲ 4.8pp9.8%within the sector's middle half▲ 3.0pp-19.2%below the sector's middle half▼ 29.0pp
Staff (FTE)0.4below the sector's middle half0.8below the sector's middle half▲ 100%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €24,454 after €36,499 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157,792
Fixed assets
€56,710 ▼ 25.7%
Current assets
€101,082 ▼ 21.6%
Equity and liabilities €157,792
Equity
€83,437 ▼ 26.6%
Debt
€74,356 ▼ 18.8%
Debt's share of the balance-sheet total rises from 44.6% to 47.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,245▼
2024 · €55,877
Cash flow
-€7,100▼
2024 · €39,514
Debt to equity
0.89▲
2024 · 0.81
ROE
-36.3%▼
2024 · 17.7%
Interest coverage
-0.21▼
2024 · 7.32
Debt ≤ 1 year
€56,662▼
2024 · €65,434
Debt > 1 year
€17,694▼
2024 · €26,145
Income taxes
€0▼
2024 · €7,044
Staff costs
€1,531▼
2024 · €42,444
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
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 0.9% 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 497,338 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% | 1.9% |
| 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 4,805 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,500 | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | - | €24,566 | €42,444 | €1,531 | ▼ 96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,356 | €25,060 | €19,805 | €19,378 | €23,208 | ▲ 19.8% |
| Other operating charges640/8 | €216 | €574 | €306 | €683 | €1,004 | ▲ 47.0% |
| Non-recurring operating charges66A | - | €52 | €641 | - | €0 | - |
| Gross operating margin9900 | €24,817 | €34,281 | €66,590 | €99,004 | €1,290 | ▼ 98.7% |
| Operating profit (loss)9901 | €3,246 | €8,595 | €21,272 | €36,499 | -€24,454 | ▼ 167% |
| Financial income75/76B | €0 | €1 | €167 | €259 | €7 | ▼ 97.4% |
| Recurring financial income75 | €0 | €1 | €167 | €99 | €7 | ▼ 93.3% |
| Non-recurring financial income76B | - | - | - | €160 | - | - |
| Financial charges65/66B | €3,257 | €4,922 | €6,464 | €9,577 | €5,862 | ▼ 38.8% |
| Recurring financial charges65 | €3,257 | €4,922 | €6,464 | €7,636 | €5,862 | ▼ 23.2% |
| Non-recurring financial charges66B | - | - | - | €1,942 | - | - |
| Profit (loss) for the period before taxes9903 | -€11 | €3,673 | €14,975 | €27,180 | -€30,309 | ▼ 212% |
| Income taxes67/77 | - | - | €3,295 | €7,044 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€11 | €3,673 | €11,680 | €20,136 | -€30,309 | ▼ 251% |
| Profit (loss) for the period to be appropriated9905 | -€11 | €3,673 | €11,680 | €20,136 | -€30,309 | ▼ 251% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,824 | €184,287 | €172,223 | €205,325 | €157,792 | ▼ 23.1% |
| Fixed assets21/28 | €32,561 | €40,211 | €63,462 | €76,320 | €56,710 | ▼ 25.7% |
| Tangible fixed assets22/27 | €32,561 | €40,211 | €63,462 | €76,320 | €56,710 | ▼ 25.7% |
| Plant, machinery and equipment23 | €22,148 | €37,294 | €34,287 | €44,035 | €31,848 | ▼ 27.7% |
| Furniture and vehicles24 | - | €2,917 | €29,175 | €32,285 | €24,862 | ▼ 23.0% |
| Leasing and similar rights25 | €10,413 | €0 | €0 | - | - | - |
| Current assets29/58 | €127,263 | €144,075 | €108,761 | €129,005 | €101,082 | ▼ 21.6% |
| Amounts receivable within one year40/41 | €95,487 | €96,342 | €39,604 | €42,773 | €45,577 | ▲ 6.6% |
| Trade receivables40 | €77,378 | €82,080 | €28,893 | €40,817 | €35,754 | ▼ 12.4% |
| Other amounts receivable41 | €18,109 | €14,263 | €10,711 | €1,956 | €9,824 | ▲ 402% |
| Cash at bank and in hand54/58 | €31,776 | €47,733 | €67,002 | €75,667 | €53,789 | ▼ 28.9% |
| Deferred charges and accrued income490/1 | - | - | €2,155 | €10,565 | €1,716 | ▼ 83.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,824 | €184,287 | €172,223 | €205,325 | €157,792 | ▼ 23.1% |
| Equity10/15 | €78,256 | €81,929 | €93,609 | €113,745 | €83,437 | ▼ 26.6% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €1,855 | €1,855 | €13,535 | €33,671 | €64,887 | ▲ 92.7% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | - | - | - | - |
| Distributable reserves133 | - | - | €13,535 | €33,671 | €64,887 | ▲ 92.7% |
| Profit (loss) carried forward14 | €57,851 | €61,524 | €61,524 | €61,524 | €0 | ▼ 100% |
| Amounts payable17/49 | €81,568 | €102,357 | €78,614 | €91,579 | €74,356 | ▼ 18.8% |
| Amounts payable after more than one year17 | €11,704 | - | €21,811 | €26,145 | €17,694 | ▼ 32.3% |
| Financial debts170/4 | €11,704 | - | €21,811 | €26,145 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | - | - | €17,694 | - |
| Amounts payable within one year42/48 | €36,865 | €46,385 | €56,803 | €65,434 | €56,662 | ▼ 13.4% |
| Current portion of amounts payable after more than one year42 | €9,794 | €11,704 | €7,948 | €7,977 | €8,403 | ▲ 5.3% |
| Trade debts44 | €20,303 | €12,961 | €21,359 | €19,912 | €12,192 | ▼ 38.8% |
| Suppliers440/4 | €20,303 | €12,961 | €21,359 | €19,912 | €12,192 | ▼ 38.8% |
| Taxes, remuneration and social security45 | €2,260 | €553 | €5,137 | €4,295 | €148 | ▼ 96.6% |
| Taxes450/3 | €1,707 | - | €3,295 | €3,295 | €148 | ▼ 95.5% |
| Remuneration and social security454/9 | €553 | €553 | €1,842 | €1,000 | €0 | ▼ 100% |
| Other amounts payable47/48 | €4,509 | €21,168 | €22,359 | €33,251 | €35,919 | ▲ 8.0% |
| Accrued charges and deferred income492/3 | €32,999 | €55,972 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11 | €3,673 | €11,680 | €20,136 | -€30,309 | ▼ 251% |
| + Depreciation and write-downs630 | €21,356 | €25,060 | €19,805 | €19,378 | €23,208 | ▲ 19.8% |
| Operating cash flow (approximation) | €21,344 | €28,734 | €31,485 | €39,514 | -€7,100 | ▼ 118% |
| Investment in fixed assets (approximation) | - | -€32,710 | -€43,055 | -€32,236 | -€3,598 | ▲ 88.8% |
| Change in cash | - | €15,957 | €19,270 | €8,665 | -€21,878 | ▼ 352% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet -€30,309
Net result drops to -€30,309, the lowest in the series.
07-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 38 days late
2024
31-12
Financial
Equity above €100,000Eq €113,745 ▲21.5%
3 profitable years in a row build equity to €113,745.
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €3,673
Net result €3,673 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 3.45
Current ratio from 1.71 to 3.45; short-term debt falls from €90,629 to €36,865.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
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 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Heusden-Zolder · 1 establishment unit since 2007
Ground area
1,681 m²
Building footprint
148 m²
Volume, LiDAR
1,101 m³
Parcel 71065A0799/00C000, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Group DM
since 20072.164.050.796
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A0799/00C000 | Flanders | 1,681 m² | 1 · 148 m² | 10.4 m · 3 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
1 ownerChain of control
- Vandi
- Group DM
Highest known parent: Vandi. The sources do not say who stands above it.
Owners 1
- VandiparentSourceown accounts 2025100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of Group DM 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.
Similar companies · same sector, comparable size
VDF Technics
BE 0797.360.487
Westerlo · Eq €84,316
BEKAFEST
BE 0719.944.391
Bocholt · Eq €84,862
FIBCONN
BE 1000.172.443
Houthalen-Helchteren · Eq €80,279
DNC BETONBORINGEN
BE 0788.517.552
Tongeren-Borgloon · Eq €78,521
H2D
BE 0785.614.975
Lummen · Eq €78,207
Of 607 companies in sector 43130 we hold annual accounts for 302. 233 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
Founded27-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43130Specialised construction activities
43211General electrical installation work
43212Electrical installation work in industrial facilities
70200Business and other management consultancy
Contact
Phone
0483080073Heusden-Zolder
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891105445
Also
9925:BE0891105445
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.