Meubelen De Man
ActiveSummary
Meubelen De Man has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €244k and a net result of €-69k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 304 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▼-21
Solvency40▼-2
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity tight (current ratio 1.08 against 1.16 in 2023; short-term debt: 61% and cash: 4.3% of total assets), and 84.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 31
Relative position
BE, all sectors
reference
Sector 31
higher
← 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 2024Solvency, return and age of the figures
Solvency
15.1%
Return on assets
-4.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-69k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 304 sector peers (2024).
NBB · sector comparisonPosition among 304 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
43 d early
2022
35 d early
2021
54 d early
2020
64 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€244k▼ 22.0%
2023 · €312k
2018: €296k
2019: €338k
2020: €375k
2021: €456k
2022: €321k
2023: €312k
2018 → 2024
Total assets
€1.62M▼ 12.6%
2023 · €1.85M
2018: €1.28M
2019: €1.55M
2020: €1.52M
2021: €1.62M
2022: €1.56M
2023: €1.85M
2018 → 2024
Net result
€-69k▼ 721%
2023 · €-8k
2018: €89k
2019: €217k
2020: €212k
2021: €256k
2022: €105k
2023: €-8k
2018 → 2024
Working capital
€82k▼ 51.6%
2023 · €170k
2018: €206k
2019: €278k
2020: €319k
2021: €256k
2022: €242k
2023: €170k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€375k-€456k▲ 21.7%€321k▼ 29.7%€312k▼ 2.6%€244k▼ 22.0%
Operating result€254k-€309k▲ 21.7%€121k▼ 61.0%€-21k€-68k▼ 224%
Net result€212k-€256k▲ 21.0%€105k▼ 59.1%€-8k€-69k▼ 721%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €68k in 2024 against €21k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.62M
Fixed assets
€548k ▼ 7.2%
Current assets
€1.07M ▼ 15.2%
Equity and liabilities €1.62M
Equity
€244k ▼ 22.0%
Debt
€1.37M ▼ 10.7%
Debt's share of the balance-sheet total rises from 83.1% to 84.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-9k▼
2023 · €26k
Cash flow
€-10k▼
2023 · €39k
Current ratio
1.08▼
2023 · 1.16
Quick ratio
0.37▼
2023 · 0.49
Debt to equity
5.63▲
2023 · 4.92
ROE
-28.2%▼
2023 · -2.7%
ROA
-4.3%▼
2023 · -0.5%
Interest coverage
-0.46▼
2023 · 1.87
Debt ≤ 1 year
€986k▼
2023 · €1.09M
Debt > 1 year
€380k▼
2023 · €436k
Staff costs
€298k▼
2023 · €309k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.85M€1.62M▼
Fixed assets21/28€590k€548k▼
Tangible fixed assets22/27€590k€548k▼
Land and buildings22€526k€482k▼
Plant, machinery and equipment23€51k€56k▲
Furniture and vehicles24€12k€10k▼
Current assets29/58€1.26M€1.07M▼
Stocks and contracts in progress3€725k€706k▼
Stocks30/36€725k€706k▼
Amounts receivable within one year40/41€60k€277k▲
Trade receivables40€23k€20k▼
Other amounts receivable41€37k€257k▲
Cash at bank and in hand54/58€452k€70k▼
Deferred charges and accrued income490/1€23k€15k▼
Equity and liabilities
Total equity and liabilities10/49€1.85M€1.62M▼
Equity10/15€312k€244k▼
Contributions10/11€20k€20k=
Reserves13€292k€224k▼
Distributable reserves133€292k€224k▼
Amounts payable17/49€1.54M€1.37M▼
Amounts payable after more than one year17€436k€380k▼
Financial debts170/4€436k€380k▼
Amounts payable within one year42/48€1.09M€986k▼
Current portion of amounts payable after more than one year42€67k€66k▼
Financial debts43€8k€88k▲
Credit institutions430/8€8k€88k▲
Trade debts44€835k€664k▼
Suppliers440/4€835k€664k▼
Advances received on contracts in progress46€119k€124k▲
Taxes, remuneration and social security45€61k€44k▼
Taxes450/3€22k€15k▼
Remuneration and social security454/9€39k€29k▼
Accrued charges and deferred income492/3€12k€6k▼
Income statement
Code20232024
Remuneration, social security and pensions62€309k€298k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€59k▲
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A€11k-
Gross operating margin9900€353k€295k▼
Operating profit (loss)9901€-21k€-68k▼
Financial income75/76B€27k€20k▼
Recurring financial income75€27k€20k▼
Financial charges65/66B€14k€20k▲
Recurring financial charges65€14k€20k▲
Profit (loss) for the period before taxes9903€-8k€-69k▼
Income taxes67/77€128-
Profit (loss) for the period9904€-8k€-69k▼
Profit (loss) for the period to be appropriated9905€-8k€-69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-69k▼
Transfer from equity791/2€8k€69k▲
Social balance
Average headcount (FTE)90876.35.5▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-69k
Net result drops to €-69k, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €256k ▲21%
Operating result €309k, net result €256k, both a record.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Dendermonde · 1 establishment unit since 2001
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.
Hoogveld 269200 DendermondeGround area
9,165 m²
Building footprint
4,743 m²
Volume, LiDAR
20,808 m³
Parcel 42021A0854/00H004, Flanders · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hoogveld 26, 9200 Dendermonde
since 20012.095.316.497
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A0854/00H004 | Flanders | 9,165 m² | 1 · 4,742 m² | 6.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 126 EUR awarded · 126 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 126 EUR | 126 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DEULIN
BE 0414.513.167
Hotton · Eq €243,296
LETINARD
BE 0865.211.690
Gent · Eq €244,032
STYLBO
BE 0416.391.207
Heist-op-den-Berg · Eq €244,725
SANI- EN KEUKENDECOR
BE 0430.961.694
Waasmunster · Eq €244,899
ARTISSAN WELLNESS
BE 0642.676.864
Oudsbergen · Eq €245,086
Of 1,499 companies in sector 31004 we hold annual accounts for 620. 474 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-10-2001
Fiscal year end31-12
Activities, NACEBEL 2025
31004Manufacture of dining room, living room, bedroom and bathroom furniture
46494Wholesale of non-electrical household articles
47551Retail sale of household furniture
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@zetelsdeman.be
Phone:052212324