Active BE 0752.656.157Private limited company

ND&M

Ijzerdijk(PS) 17 ·8600 Diksmuide, Belgium· 6 yrs active

Sector: Insurance agents and brokers (66220)

Conclusion Checked

ND&M is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1k and a net result of €31k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 9% of 226 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€1k
Net result	€31k
Better than sector	9%
Active	6 yrs

Financial profile 4 of 5 axes measured · computed by Checked

68 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 13

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

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

Administrative Flags0 events

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.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview6 NBB filings

Annual accounts filed on 27-04-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

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

stable Equity: stable across 6 fiscal years (±0%/year).

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 66, Activities auxiliary to financial services and insurance activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	1.7%	47.2%	better than 9% of 226 sector peers
Net result	€31k	€43k	better than 40% of 226 sector peers
Equity	€1k	€84k	better than 6% of 226 sector peers
Gross operating margin	€48k	€88k	better than 30% of 226 sector peers
Total assets	€58k	€205k	better than 14% of 226 sector peers

Net profit

€31k

0.0% 20-25

Total assets

€58k

-10.1% 20-25

Equity

€1k

-98.1% 20-25

Income taxes

€14k

+6.3% 20-25

Dividends

€83k

+169.3% 20-25

Debt

€57k

+414.2% 20-25

Debt ≤ 1y

€55k

+393.9% 20-25

Solvency

1.7%

-97.9% 20-25

ROE

3096.6%

+5240.1% 20-25

ROA

53.4%

+11.3% 20-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€31k	€31k	€24k	€22k	€14k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-	-
Income taxes	€14k	€14k	€13k	€10k	€7k
Dividends	€83k	€31k	€24k	-	-
Total assets	€58k	€64k	€64k	€63k	€45k
Equity	€1k	€53k	€53k	€53k	€32k
Debt	€57k	€11k	€10k	€9k	€13k
of which ≤ 1y	€55k	€11k	€10k	€9k	€13k
of which > 1y	-	-	-	-	-
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	1.7%	82.8%	84.0%	85.2%	70.7%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	53.4%	48.0%	38.5%	34.7%	31.6%
ROE	3096.6%	58.0%	45.9%	40.7%	44.8%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Equity & liabilities

Equity €1k · 1.7% Debt €57k · 98.3%

Full annual accounts (23 line items)

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

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€58k	€64k	€64k	€63k	€45k
Fixed assets	21/28	-	€2k	€5k	€8k	€3k
Tangible fixed assets	22/27	-	€2k	€5k	€8k	€3k
Financial fixed assets	28	-	-	-	-	€0
Current assets	29/58	€58k	€63k	€59k	€55k	€41k
Amounts receivable within one year	40/41	€4k	€3k	€6k	€14k	€39k
Investments	50/53	€48k	€54k	€28k	-	-
Cash & bank	54/58	€5k	€6k	€24k	€40k	€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€58k	€64k	€64k	€63k	€45k
Equity	10/15	€1k	€53k	€53k	€53k	€32k
Contributions / capital	10/11	€1k	€1k	€1k	€1k	€1k
Reserves	13	-	€52k	€52k	€52k	€31k
Amounts payable	17/49	€57k	€11k	€10k	€9k	€13k
Amounts payable within one year	42/48	€55k	€11k	€10k	€9k	€13k
Trade debts payable within one year	44	€1k	€3k	€4k	€7k	€4k
Income statement
Gross operating margin	9900	€48k	€49k	€43k	€37k	€23k
Operating result	9901	€44k	€44k	€38k	€31k	€22k
Financial income	75	€2k	€726	€159	€18	€20
Financial charges	65	€405	€575	€694	€88	€96
Result before taxes	9903	€45k	€45k	€37k	€31k	€21k
Income taxes	67/77	€14k	€14k	€13k	€10k	€7k
Net result for the period	9904	€31k	€31k	€24k	€22k	€14k
Result to be appropriated	9905	€31k	€31k	€24k	€22k	€14k

Legal Structure

NACE primary	Insurance agents and brokers(66220)
Legal form	Private limited company(610)
Incorporation	17-08-2020
Status	Active
Postal code	8600

Establishment units 1 location

ND&M

Ijzerdijk(PS) 17, 8600 DiksmuideOther financial services

since 20202.306.108.583

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
32016B0419/00G000	Flanders	1,089 m²	1 · 110 m²	5.9 m · 1 fl.

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.

Updates 6 events

All 8Financial 2Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2020net €31k ▲0%

Net result €31k, the highest in the series.

24-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

23-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

19-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 19 days late

2021

31-12

Financial Weakest financial yearnet €14k ▼14%

Net result drops to €14k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Insurance agents and brokers66220

Names & trade names

Legal nameNL

ND&M

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