MOERMAN DIMITRI
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-05-2026 PDF all 14 filings
Turnover
≈ €2.2m
Estimated: probably between €1.3m and €3.8m
Total assets
€5.7m▲ 7.7%
2024 · €5.3m
Net result
€578,752▼ 18.7%
2024 · €711,794
Working capital
€5.0m▲ 1.8%
2024 · €5.0m
In the rankings
#10 company by equity in Kruisem, Manufacturing sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€847,629
▼ 18.8%
2025
20182025
Net result
€578,752
▼ 18.7%
2025
highest quarter of the sector
20182025
Equity
€5.2m
▲ 1.4%
2025
highest quarter of the sector
20182025
Total assets
€5.7m
▲ 7.7%
2025
highest quarter of the sector
20182025
Debt
€581,776
▲ 139%
2025
20182025
Working capital
€5.0m
▲ 1.8%
2025
highest quarter of the sector
20182025
Solvency
89.9%
▼ 5.6pp
2025
highest quarter of the sector
20182025
Current ratio
9.66
▼ 13.34
2025
highest quarter of the sector
20182025
Return on assets (ROA)
10.1%
▼ 3.3pp
2025
highest quarter of the sector
20182025
Staff (FTE)
1
=
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.6m-€0.8m▲ 26.4%€0.9m▲ 10.8%€1.1m▲ 31.2%€1.5m▲ 27.4%€1.3m▼ 12.0%€1.0m▼ 18.5%€0.8m▼ 18.8%
Net result€0.4m-€0.5m▲ 29.1%€0.6mabove the sector's middle half▲ 26.3%€0.8mabove the sector's middle half▲ 19.0%€1.0mabove the sector's middle half▲ 27.9%€0.9mabove the sector's middle half▼ 11.3%€0.7mabove the sector's middle half▼ 17.9%€0.6mabove the sector's middle half▼ 18.7%
Equity€1.3m-€1.8m▲ 39.6%€2.4mabove the sector's middle half▲ 35.8%€2.9mabove the sector's middle half▲ 20.3%€3.8mabove the sector's middle half▲ 29.3%€4.5mabove the sector's middle half▲ 18.6%€5.1mabove the sector's middle half▲ 13.2%€5.2mabove the sector's middle half▲ 1.4%
Total assets€1.8m-€2.1m▲ 20.8%€2.6mwithin the sector's middle half▲ 21.0%€3.5mabove the sector's middle half▲ 36.1%€4.2mabove the sector's middle half▲ 20.8%€4.9mabove the sector's middle half▲ 15.2%€5.3mabove the sector's middle half▲ 9.0%€5.7mabove the sector's middle half▲ 7.7%
Debt€0.5m-€0.3m▼ 29.2%€0.1m▼ 56.7%€0.6m▲ 295%€0.5m▼ 22.0%€0.4m▼ 12.8%€0.2m▼ 38.9%€0.6m▲ 139%
Working capital€1.1m-€1.6m▲ 54.8%€2.4mabove the sector's middle half▲ 45.0%€2.9mabove the sector's middle half▲ 20.8%€3.7mabove the sector's middle half▲ 30.2%€4.4mabove the sector's middle half▲ 18.6%€5.0mabove the sector's middle half▲ 12.3%€5.0mabove the sector's middle half▲ 1.8%
Solvency72.7%-84.0%▲ 11.3pp94.3%above the sector's middle half▲ 10.3pp83.3%above the sector's middle half▼ 10.9pp89.2%above the sector's middle half▲ 5.9pp91.9%above the sector's middle half▲ 2.6pp95.4%above the sector's middle half▲ 3.6pp89.9%above the sector's middle half▼ 5.6pp
Current ratio3.31-5.80▲ 2.4916.97above the sector's middle half▲ 11.175.89above the sector's middle half▼ 11.089.15above the sector's middle half▲ 3.2612.08above the sector's middle half▲ 2.9323.00above the sector's middle half▲ 10.929.66above the sector's middle half▼ 13.34
Return on assets (ROA)22.3%-23.8%▲ 1.5pp24.8%above the sector's middle half▲ 1.0pp21.7%above the sector's middle half▼ 3.1pp23.0%above the sector's middle half▲ 1.3pp17.7%above the sector's middle half▼ 5.3pp13.4%above the sector's middle half▼ 4.4pp10.1%above the sector's middle half▼ 3.3pp
Staff (FTE)1-1=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1.1below the sector's middle half▲ 10.0%1below the sector's middle half▼ 9.1%1below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Manufacture of other non-metallic mineral products (NACE 23). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 19% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.7m
Fixed assets
€115,024 ▼ 22.8%
Current assets
€5.6m ▲ 8.6%
Equity and liabilities €5.7m
Equity
€5.2m ▲ 1.4%
Debt
€581,776 ▲ 139%
Debt's share of the balance-sheet total rises from 4.6% to 10.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€884,701▼
2024 · €1.1m
Cash flow
€615,825▼
2024 · €736,818
Quick ratio
9.43▼
2024 · 22.07
Debt to equity
0.11▲
2024 · 0.05
ROE
11.2%▼
2024 · 14.0%
Interest coverage
17.20▼
2024 · 18.82
Debt ≤ 1 year
€581,722▲
2024 · €225,113
Income taxes
€265,527▼
2024 · €343,960
Staff costs
€57,834▼
2024 · €58,756
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | - | - | 0 | - | 0 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1.1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
| Joined | - | - | 1 | - | - |
| Left | - | - | 1 | - | - |
| Training hours | - | - | 0 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €26,562 | €24,456 | €47,142 | €98,188 | €3,133 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €24,080 | €26,762 | €18,956 | €25,024 | €37,073 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €647 awarded · €647 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €54 | €54 |
| 2024 | 1 | €593 | €593 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.05m | €0.05m | €0.06m | €0.06m | €0.06m | ▼ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.1m | €0.03m | €0.02m | €0.03m | €0.02m | €0.03m | €0.04m | ▲ 48.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.002m | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.006m | €0.006m | €0.005m | €0.006m | €0.003m | ▼ 53.0% |
| Gross operating margin9900 | €0.8m | €1.0m | €0.9m | €1.2m | €1.5m | €1.4m | €1.1m | €0.9m | ▼ 16.6% |
| Operating profit (loss)9901 | €0.6m | €0.8m | €0.9m | €1.1m | €1.5m | €1.3m | €1.0m | €0.8m | ▼ 18.8% |
| Financial income75/76B | - | - | - | €0.02m | €0.03m | €0.04m | €0.07m | €0.05m | ▼ 29.7% |
| Recurring financial income75 | €0.005m | €0.009m | €0.01m | €0.02m | €0.03m | €0.04m | €0.07m | €0.05m | ▼ 29.7% |
| Financial charges65/66B | - | - | - | €0.04m | €0.05m | €0.06m | €0.06m | €0.05m | ▼ 9.5% |
| Recurring financial charges65 | €0.03m | €0.03m | €0.03m | €0.04m | €0.05m | €0.06m | €0.06m | €0.05m | ▼ 9.5% |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.8m | €0.9m | €1.1m | €1.4m | €1.3m | €1.1m | €0.8m | ▼ 20.0% |
| Income taxes67/77 | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 22.8% |
| Profit (loss) for the period9904 | €0.4m | €0.5m | €0.6m | €0.8m | €1.0m | €0.9m | €0.7m | €0.6m | ▼ 18.7% |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.5m | €0.6m | €0.8m | €1.0m | €0.9m | €0.7m | €0.6m | ▼ 18.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.8m | €2.1m | €2.6m | €3.5m | €4.2m | €4.9m | €5.3m | €5.7m | ▲ 7.7% |
| Fixed assets21/28 | €0.3m | €0.2m | €0.07m | €0.07m | €0.07m | €0.08m | €0.1m | €0.1m | ▼ 22.8% |
| Tangible fixed assets22/27 | €0.3m | €0.2m | €0.06m | €0.06m | €0.06m | €0.07m | €0.1m | €0.1m | ▼ 23.7% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.02m | €0.05m | €0.03m | €0.02m | ▼ 36.9% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.03m | €0.02m | €0.09m | €0.07m | ▼ 20.1% |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.008m | €0.006m | €0.02m | €0.01m | ▼ 16.9% |
| Financial fixed assets28 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Current assets29/58 | €1.5m | €2.0m | €2.5m | €3.4m | €4.2m | €4.8m | €5.2m | €5.6m | ▲ 8.6% |
| Stocks and contracts in progress3 | €0.05m | €0.05m | €0.02m | €0.05m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 34.3% |
| Stocks30/36 | - | - | - | €0.05m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 34.3% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.8m | €1.6m | €2.1m | €2.1m | €2.0m | €2.0m | ▼ 3.2% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.1m | €0.09m | €0.1m | ▲ 15.4% |
| Other amounts receivable41 | - | - | - | €1.4m | €1.9m | €2.0m | €2.0m | €1.9m | ▼ 4.0% |
| Current investments50/53 | - | - | €0.2m | €0.2m | €0.2m | €1.2m | €1.1m | €0.1m | ▼ 89.3% |
| Cash at bank and in hand54/58 | €1.3m | €1.6m | €1.5m | €1.6m | €1.8m | €1.3m | €1.8m | €3.4m | ▲ 89.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.009m | €0.02m | €0.02m | €0.008m | ▼ 60.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.8m | €2.1m | €2.6m | €3.5m | €4.2m | €4.9m | €5.3m | €5.7m | ▲ 7.7% |
| Equity10/15 | €1.3m | €1.8m | €2.4m | €2.9m | €3.8m | €4.5m | €5.1m | €5.2m | ▲ 1.4% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €1.3m | €1.8m | €2.4m | €2.9m | €3.8m | €4.5m | €5.1m | €5.1m | ▲ 1.4% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €2.9m | €3.8m | €4.5m | €5.1m | €5.1m | ▲ 1.4% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €0.5m | €0.3m | €0.1m | €0.6m | €0.5m | €0.4m | €0.2m | €0.6m | ▲ 139% |
| Amounts payable after more than one year17 | €0.03m | €0.002m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.3m | €0.1m | €0.6m | €0.5m | €0.4m | €0.2m | €0.6m | ▲ 158% |
| Trade debts44 | €0.05m | €0.06m | €0.009m | €0.2m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 37.0% |
| Suppliers440/4 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 37.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.1m | €0.02m | €0.02m | €0.03m | ▲ 43.2% |
| Taxes450/3 | - | - | - | €0.06m | €0.1m | €0.01m | €0.01m | €0.02m | ▲ 79.0% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 8.4% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.2m | €0.2m | €0.07m | €0.5m | ▲ 601% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.02m | €55 | ▼ 99.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.5m | €0.6m | €0.8m | €1.0m | €0.9m | €0.7m | €0.6m | ▼ 18.7% |
| + Depreciation and write-downs630 | €0.2m | €0.1m | €0.03m | €0.02m | €0.03m | €0.02m | €0.03m | €0.04m | ▲ 48.1% |
| Operating cash flow (approximation) | €0.6m | €0.6m | €0.7m | €0.8m | €1.0m | €0.9m | €0.7m | €0.6m | ▼ 16.4% |
| Investment in fixed assets (approximation) | - | -€0.03m | €0.07m | -€0.03m | -€0.02m | -€0.03m | -€0.09m | -€0.003m | ▲ 96.7% |
| Change in cash | - | €0.3m | -€0.1m | €0.1m | €0.1m | -€0.4m | €0.5m | €1.6m | ▲ 245% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as MOERMAN DIMITRI has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of MOERMAN DIMITRI itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for MOERMAN DIMITRI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-05-2026 | 2026-00121788 | |
| 31-12-2024 | abbreviated format | 23-06-2025 | 2025-00164442 | |
| 31-12-2023 | abbreviated format | 24-05-2024 | 2024-00094981 | |
| 31-12-2022 | abbreviated format | 10-07-2023 | 2023-00219062 | |
| 31-12-2021 | abbreviated format | 18-08-2022 | 2022-20293559 | |
| 31-12-2020 | abbreviated format | 19-07-2021 | 2021-37000162 | |
| 31-12-2019 | abbreviated format | 22-07-2020 | 2020-32100149 | |
| 31-12-2018 | abbreviated format | 01-07-2019 | 2019-25900383 | |
| 31-12-2017 | abbreviated format | 20-08-2018 | 2018-46800532 | |
| 31-12-2016 | abbreviated format | 05-07-2017 | 2017-27700245 |