Turnover
≈ €210,000 estimated
The micro format states no turnover.
NDM
Lifetime
10 annual accounts with figures on one time axispeak €100,293 (2024)
€66,062▼ 34.1%
lowest -€22,338 (2021)
€4,298▲ 547%
peak €18,384 (2017)
€6,647▲ 183%
€174,640▼ 13.3%
peak 1 FTE (2018)
-not published
Board1 name since 2022
1 directorDEMUYER Nicole
Documentsfilings and deeds
17-06-202644 days before the deadline
2025micro format
Gross margin from €100,293 to €66,062Result from €664 to €4,298Equity from €2,349 to €6,647Cash from €26,484 to €16,358
Key points
from the 2025 annual accountsChecked score
69
Healthy
Financially stronger than 53% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.5%▲ +0.4 percentage points vs 12-2024
02-2025: 2.0%▲ +0.5 percentage points vs 01-2025
03-2025: 2.5%▲ +0.5 percentage points vs 02-2025
04-2025: 3.4%▲ +0.9 percentage points vs 03-2025
05-2025: 3.6%▲ +0.2 percentage points vs 04-2025
06-2025: 4.4%▲ +0.8 percentage points vs 05-2025highest value
07-2025: 0.7%▼ -3.7 percentage points vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026lowest value
07-2026: 0.8%▲ +0.1 percentage points vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Equity €6,647 (3.7% of total assets)
lowers risk
Founded in 2010
Size: total assets €181,287
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 28% of them on solvency, 43% on liquidity, 46% on profitability and 94% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,375 companies had the same profile as NDM has now. Each dot stands for 4 companies, two years later.
95.9%
were still trading
1.6%
stopped another way
2.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NDM itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,375 companies, not a prediction for NDM. 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
192122232425
2019 to 2025 · latest year €6,647
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
43 days early
2023
51 days early
2022
57 days early
2021
62 days early
2019
17 days early
2018
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 41 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0831328008
Appointment: DEMUYER Nicole (director)
General meeting of 11-12-2023 · Gazette deed
First establishment
BOOKBINDERS, Eksterlaar 52/54, Antwerp
Incorporation
published on 03-12-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NDM Antwerp | €181,287 | €66,062 | 3.7% | - |
| VISATLANTIC Antwerp | €173,798 | €64,969 | -22.2% | - |
| LE MAÇON BELGE Aywaille | €197,693 | €71,884 | 29.2% | 1.7 |
| K & S Nieuwerkerken (Limb.) | €199,264 | €70,097 | 68.0% | - |
| EDP Uccle | €161,756 | €73,112 | -12.0% | - |
| BASON BIBI Auderghem | €160,349 | €74,734 | 57.8% | - |
| CHEZ MAGDA Jemeppe-sur-Sambre | €178,748 | €54,362 | 42.1% | - |
These companies have the same main activity as NDM: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €160,000 and €199,000, founded between 2010 and 2013.
Official details
Source: KBO- Status
- Active since 19-11-2010Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.242.699.4852100 Antwerp, since 20-06-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 08-08-2025
Annual accounts 2025
- €181,287▼ 11.1%
- Filing
- Filed on 17-06-2026, 44 days before the end of the filing period
Insights on NDM
NDM files the micro format. That format states no turnover. The gross margin rose from €33,600 in 2013 to €66,062 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NDM
- What is the company number of NDM?
- The company number of NDM is 0831.328.008. The VAT number is the same number with BE in front: BE 0831.328.008.
- Where is NDM based?
- The registered office is at Eksterlaar 52/54, 2100 Antwerp.Company details
- What does NDM do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of NDM?
- NDM is a private limited company (BV).
- When was NDM founded?
- NDM was founded on 19-11-2010.
- Is NDM still active?
- Yes, NDM is an active enterprise in the KBO register.
- How many employees does NDM have?
- NDM had an average of 0.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does NDM fall under?
- In its 2025 annual accounts, NDM states joint committee 302 (Hotels and catering).
- What is the turnover of NDM?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €66,062 and 72 comparable companies (NACE 56111). It probably lies between €180,000 and €280,000.
- Is NDM profitable?
- In financial year 2025, NDM made a profit of €4,298.
- Where can I find the annual accounts of NDM?
- NDM filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NDM due?
- NDM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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