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Generated 05-07-2026
Active BE 0475.850.821Private limited company

Meubelen De Man

Hoogveld 26 ·9200 Dendermonde, Belgium· 24 yrs active
Sector: NACE 31004 (31004)
Conclusion Checked

The computed 12-month bankruptcy probability of Meubelen De Man is 0.7% (low). 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. The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €244k
Net result €-69k
Staff (FTE) 5.5
Active 24 yrs
Snowflake analysis 5 axes · computed by Checked
Health17Profitability0Solvency23Growth32Stability100
34 / 100

Fragile profile — watch profitability in particular.

Health 17
Profitability 0
Solvency 23
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.7% 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?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 2001 — 24 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
17 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 10-07-2025 with the NBB · fiscal year 2024 · verkort
€-100k€0€100k€200k€300kOperating result 2020: €254k€254kNet result 2020: €212k€212kOperating result 2021: €309k€309kNet result 2021: €256k€256kOperating result 2022: €121k€121kNet result 2022: €105k€105kOperating result 2023: €-21k€-21kNet result 2023: €-8k€-8kOperating result 2024: €-68k€-68kNet result 2024: €-69k€-69k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts — not a forecast, the extended trend.
declining Equity: declining trend of ~2.6%/year over 7 fiscal years — indicative, assuming unchanged policy.
€100k€200k€300k€400k€500k2025: €296k (€231k – €362k)2026: €289k (€183k – €394k)2027: €281k (€137k – €426k)2018: €296k2019: €338k2020: €375k2021: €456k2022: €321k2023: €312k2024: €244k2018201920202021202220232024202520262027
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).

EBITDA
€-9k
— far below sector median
Net profit
€-69k
-720.9% far below sector median
Cash flow
€-10k
— far below sector median
Total assets
€1.62M
-12.6% +151% vs sector
Equity
€244k
-22.0% -40% vs sector
Working capital
€82k
-51.6% -79% vs sector
Employees (FTE)
6
-12.7% -44% vs sector
Staff costs
€298k
-3.4% -71% vs sector
Income taxes
€128
-99.7% -94% vs sector
Dividends
€240k
+37.1% 18–24
Debt
€1.37M
-10.7% +224% vs sector
Debt ≤ 1y
€986k
-9.5% +152% vs sector
Debt > 1y
€380k
-12.7% far above sector median
Current ratio
1.08
-6.3% -42% vs sector
Quick ratio
0.37
-25.2% -54% vs sector
Solvency
15.1%
-10.7% -75% vs sector
Debt / equity
5.63
+14.5% far above sector median
ROE
-28.2%
-952.7% far below sector median
ROA
-4.3%
-839.6% far below sector median
Interest coverage
-0.46
— far below sector median
Figures by fiscal year
Fiscal year2024
Revenue—
EBITDA€-9k
Net profit€-69k
Cash flow€-10k
Staff costs€298k
Income taxes—
Dividends—
Total assets€1.62M
Equity€244k
Debt€1.37M
of which ≤ 1y€986k
of which > 1y€380k
Working capital€82k
Employees (FTE)5.5
Ratios (computed)
2024
Current ratio1.08
Quick ratio0.37
Working capital ratio5.1%
Solvency15.1%
Debt / equity5.63
Long-term debt ratio1.56
Interest coverage-0.46
Gross margin—
Net margin—
ROA-4.3%
ROE-28.2%
EBITDA margin—
Days sales outstanding—
Days payable outstanding—
Inventory turnover—
Days inventory (DSI)—
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet — Assets
TOTAL ASSETS 20/58€1.62M
Fixed assets 21/28€548k
Tangible fixed assets 22/27€548k
Current assets 29/58€1.07M
Stocks & contracts in progress 3€706k
Amounts receivable within one year 40/41€277k
Cash & bank 54/58€70k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.62M
Equity 10/15€244k
Contributions / capital 10/11€20k
Reserves 13€224k
Amounts payable 17/49€1.37M
Amounts payable after one year 17€380k
Amounts payable within one year 42/48€986k
Trade debts payable within one year 44€664k
Income statement
Gross operating margin 9900€295k
Operating result 9901€-68k
Financial income 75€20k
Financial charges 65€20k
Result before taxes 9903€-69k
Net result for the period 9904€-69k
Result to be appropriated 9905€-69k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 31004
Legal form Private limited company(610)
Incorporation12-10-2001
StatusActive
Postal code9200
Establishment units 1 location
Hoogveld 26, 9200 Dendermonde
Detailhandel in meubels
since 20012.095.316.497
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42021A0854/00H004 Flanders 9,165 m² 1 · 4,742 m² 6.2 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
10-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
18-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
12-02-2024
State Gazette act Minor change
other · Hilde Fermon
2023
26-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
14-11-2022
State Gazette act Statutes amendment
v3.2
07-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
28-05-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
02-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
21-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
07-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
29-05-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
08-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad — acts 2 acts
All acts · 2 updated 2 years ago
2024
12-02-2024 Publication in the Belgian Official Gazette — Minor change Minor change·Hilde Fermon
Summary: otherNotary: Hilde Fermon · Opwijk
Technical details 
{
  "notary": {
    "name": "Hilde Fermon",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Opwijk",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-02-12",
    "filing_date": "2024-02-08",
    "act_kind_objet": "BENAMING"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2023-12-07",
    "unanimous": true
  },
  "agm_change": null,
  "detected_kind": "other",
  "other_address": null,
  "mandate_renewal": null,
  "subject_company": {
    "kbo": "0475.850.821",
    "name_full": "ZETELS DE MAN",
    "legal_form": "BV"
  },
  "accounts_deposit": null,
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null
  },
  "co_filed_documents": [
    "uitgifte van de akte",
    "geco\u00F6rdineerde statuten"
  ],
  "fiscal_year_change": null,
  "liquidation_closure": null,
  "officer_designation": null,
  "special_procuration": null,
  "is_volet_a_only_stub": false,
  "vakbekwaamheid_change": null,
  "should_reroute_to_category": null,
  "single_shareholder_declaration": null
}
2022
14-11-2022 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "name_change": {
    "new": "",
    "old": "",
    "changed": false
  },
  "seat_change": {
    "changed": false
  },
  "object_change": {
    "changed": false
  },
  "subject_company": {
    "kbo": "0475.850.821",
    "name_full": "Zetels De Man"
  },
  "legal_form_change": {
    "new": "Besloten Vennootschap",
    "old": "Besloten Vennootschap",
    "changed": false
  }
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen31004Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen31091Vervaardiging van stoelen en zitmeubelen voor woningen en kantoren36111Groothandel in niet-elektrische huishoudelijke artikelen46494Groothandel in niet-elektrische huishoudelijke artikelen46494Detailhandel in huismeubilair47551Detailhandel in huismeubilair in gespecialiseerde winkels47591Groothandel in meubels, niet-elektrische huishoudapparaten en vloerbedekking inclusief tapijten51471Detailhandel in meubels52441
Primary activity highlighted.
Names & trade names
Legal nameNL Meubelen De Man
Registered office
Hoogveld 26
9200 Dendermonde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative