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NDM MANAGEMENT

Active Risk: not assessed
Private limited companyfounded 2008active for 18 yearsGentsesteenweg 79, 9900 Eeklo, BelgiumKBO/BCE: BE 0807.425.822

Financials · financial year 2025, full format

Annual accounts 2025 filed on 30-01-2026 PDF all 16 filings

Equity
€1.9m▲ 23.4%
2024 · €1.6m
Net result
€362,826▼ 5.3%
2024 · €383,014
Total assets
€6.0m▲ 34.8%
2024 · €4.4m
Solvency
32.0%▼ 3.0pp
2024 · 34.9%
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 11% lower than in 2024.

Turnover€1.9m 2025 Operating result€0.4m 2025 Net result€0.4m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Turnover€1.4m€1.9m▲ 33.9%€1.9m▲ 1.2%
Operating result€0.07m-€0.05m▼ 29.7%€0.3m▲ 430%€0.3m▲ 5.1%€0.4m▲ 22.9%€0.5m▲ 35.7%€0.4m▼ 10.5%
Net result€0.06m-€0.03mwithin the sector's middle half▼ 54.0%€0.2mabove the sector's middle half▲ 649%€0.2mabove the sector's middle half▲ 6.7%€0.3mwithin the sector's middle half▲ 28.9%€0.4mwithin the sector's middle half▲ 38.3%€0.4mwithin the sector's middle half▼ 5.3%
Equity€0.4m-€0.5mwithin the sector's middle half▲ 6.0%€0.7mwithin the sector's middle half▲ 42.3%€0.9mwithin the sector's middle half▲ 31.7%€1.2mwithin the sector's middle half▲ 31.0%€1.6mwithin the sector's middle half▲ 32.8%€1.9mwithin the sector's middle half▲ 23.4%
Total assets€0.8m-€0.9mwithin the sector's middle half▲ 10.7%€2.4mwithin the sector's middle half▲ 156%€2.0mwithin the sector's middle half▼ 16.5%€3.4mwithin the sector's middle half▲ 69.5%€4.4mwithin the sector's middle half▲ 32.0%€6.0mwithin the sector's middle half▲ 34.8%
Debt€0.3m-€0.4m▲ 18.1%€1.7m▲ 302%€1.1m▼ 34.1%€2.2m▲ 101%€2.9m▲ 31.7%€4.1m▲ 41.0%
Working capital€0.2m-€0.1mwithin the sector's middle half▼ 20.5%€0.3mabove the sector's middle half▲ 133%€0.5mabove the sector's middle half▲ 59.6%€0.8mwithin the sector's middle half▲ 60.3%€1.2mwithin the sector's middle half▲ 51.2%€0.9mwithin the sector's middle half▼ 24.8%
Solvency53.4%-51.1%within the sector's middle half▼ 2.3pp28.5%within the sector's middle half▼ 22.7pp44.9%within the sector's middle half▲ 16.5pp34.7%within the sector's middle half▼ 10.2pp34.9%within the sector's middle half▲ 0.2pp32.0%within the sector's middle half▼ 3.0pp
Current ratio1.58-1.35within the sector's middle half▼ 0.231.18within the sector's middle half▼ 0.171.45within the sector's middle half▲ 0.261.35within the sector's middle half▼ 0.091.40within the sector's middle half▲ 0.051.21within the sector's middle half▼ 0.19
Return on assets (ROA)7.0%-2.9%within the sector's middle half▼ 4.1pp8.5%within the sector's middle half▲ 5.6pp10.8%within the sector's middle half▲ 2.3pp8.2%within the sector's middle half▼ 2.6pp8.6%within the sector's middle half▲ 0.4pp6.1%within the sector's middle half▼ 2.6pp
Staff (FTE)0.5below the sector's middle half1within the sector's middle half▲ 100%0.9below the sector's middle half▼ 10.0%0below the sector's middle half▼ 100%
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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.
Large changes and their cause
  • 2021 Net result +649% on 2020. This financial year ran 15 months, the previous one 12.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.0m
Fixed assets €1.1m ▲ 160%
Current assets €4.9m ▲ 22.2%
Equity and liabilities €6.0m
Equity €1.9m ▲ 23.4%
Debt €4.1m ▲ 41.0%
Debt's share of the balance-sheet total rises from 65.1% to 68.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
18.9%▼
2024 · 24.7%
Debt ≤ 1 year
€4.1m▲
2024 · €2.9m
Income taxes
€122,892▼
2024 · €131,516
Staff costs
-€94▼
2024 · €0
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as NDM MANAGEMENT: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €4.5m and €6.9m, founded between 2003 and 2012.

CompanyFoundedTotal assetsEquityTurnoverNet resultFTEFinancial year
NDM MANAGEMENT Eeklo2008€6.0m€1.9m€1.9m€0.4m-2025
Econopolis Antwerpen2009€5.3m€3.8m€2.0m€4.7m1.52025
GANDA Destelbergen2003€6.9m€0.7m€2.5m-€1.6m9.52024
CAM - GROUP Schilde2007€4.5m€3.3m€1.9m€0.2m12025
BK INVESTMENT GROUP Zonhoven2010€4.9m€1.5m€1.6m€6.5m-2026
TECNO SPACE GROUP Antwerpen2009€4.9m€2.7m€1.4m€1.0m-2025
WEGEBA Begijnendijk2012€5.0m€3.1m€2.0m€1.5m-2025

They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines

Source: Annual accounts 2025 (PDF), filed on 30-01-2026.

Balance sheet Code20242025
Assets
Total assets20/58€4.4m€6.0m▲
Fixed assets21/28€0.4m€1.1m▲
Tangible fixed assets22/27€0.007m€0.002m▼
Plant, machinery and equipment23€60€0▼
Furniture and vehicles24€0.007m€0.002m▼
Financial fixed assets28€0.4m€1.1m▲
Affiliated companies280/1€0.06m€0.02m▼
Participating interests280€0.06m€0.02m▼
Companies linked by participating interests282/3€0.3m€1.0m▲
Participating interests282€0.3m€0.7m▲
Amounts receivable283-€0.3m
Current assets29/58€4.0m€4.9m▲
Amounts receivable after more than one year29€0.4m€0.4m▲
Other amounts receivable291€0.4m€0.4m▲
Stocks and contracts in progress3€0.8m€0▼
Stocks30/36€0.8m€0▼
Property held for sale35€0.8m€0▼
Amounts receivable within one year40/41€2.7m€3.0m▲
Trade receivables40€1.6m€1.4m▼
Other amounts receivable41€1.2m€1.6m▲
Current investments50/53-€1.5m
Other investments51/53-€1.5m
Cash at bank and in hand54/58€0.06m€0.02m▼
Deferred charges and accrued income490/1€0.002m€0.01m▲
Equity and liabilities
Total equity and liabilities10/49€4.4m€6.0m▲
Equity10/15€1.6m€1.9m▲
Contributions10/11€0.006m€0.006m=
Reserves13€1.5m€1.9m▲
Distributable reserves133€1.5m€1.9m▲
Profit (loss) carried forward14€0.008m€0.02m▲
Amounts payable17/49€2.9m€4.1m▲
Amounts payable within one year42/48€2.9m€4.1m▲
Financial debts43-€0
Credit institutions430/8-€0
Trade debts44€2.6m€3.4m▲
Suppliers440/4€2.6m€3.4m▲
Taxes, remuneration and social security45€0.03m€0.005m▼
Taxes450/3€0.03m€0.005m▼
Remuneration and social security454/9€0-
Other amounts payable47/48€0.2m€0.7m▲
Accrued charges and deferred income492/3€0.02m€0.02m▲
Income statement Code20242025
Operating income70/76A€1.5m€1.2m▼
Turnover70€1.9m€1.9m▲
Change in stocks of work in progress, finished goods and contracts in progress71-€0.4m-€0.8m▼
Other operating income74€0.009m€0.009m▲
Non-recurring operating income76A-€0.1m
Operating charges60/66A€1.0m€0.8m▼
Purchases600/8€0.8m€0▼
Change in stocks: decrease (increase)609-€0.8m€0▲
Services and other goods61€1.0m€0.8m▼
Remuneration, social security and pensions62€0-€94▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.01m€0.006m▼
Other operating charges640/8€0.004m€0.003m▼
Operating profit (loss)9901€0.5m€0.4m▼
Financial income75/76B€0.04m€0.07m▲
Recurring financial income75€0.04m€0.07m▲
Income from current assets751€0.04m€0.07m▲
Other financial income752/9€0.006m€264▼
Financial charges65/66B€0.006m€0.008m▲
Recurring financial charges65€0.006m€0.008m▲
Debt charges650€0.006m€0.007m▲
Other financial charges652/9€472€209▼
Profit (loss) for the period before taxes9903€0.5m€0.5m▼
Income taxes67/77€0.1m€0.1m▼
Taxes670/3€0.1m€0.1m▼
Profit (loss) for the period9904€0.4m€0.4m▼
Profit (loss) for the period to be appropriated9905€0.4m€0.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.4m€0.4m▼
Profit (loss) brought forward from the previous period14P€0.005m€0.008m▲
Transfer to equity691/2€0.4m€0.4m▼
To other reserves6921€0.4m€0.4m▼
Social balance sheet
Average headcount (FTE)90870.0-

The notes to these accounts have 51 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Operating income70/76A----€1.4m€1.5m€1.2m▼ 18.3%
Turnover70----€1.4m€1.9m€1.9m▲ 1.2%
Change in stocks of work in progress, finished goods and contracts in progress71------€0.4m-€0.8m▼ 100%
Other operating income74----€0.01m€0.009m€0.009m▲ 3.6%
Non-recurring operating income76A------€0.1m-
Operating charges60/66A----€1.1m€1.0m€0.8m▼ 21.9%
Purchases600/8----€0.01m€0.8m€0▼ 100%
Change in stocks: decrease (increase)609-----€0.01m-€0.8m€0-
Services and other goods61----€1.0m€1.0m€0.8m▼ 21.3%
Remuneration, social security and pensions62---€0.08m€0.08m€0-€94-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€0.009m€0.02m€0.02m€0.02m€0.01m€0.006m▼ 56.3%
Provisions for liabilities and charges: additions (uses and reversals)635/8----€0.04m€0---
Other operating charges640/8---€0.004m€0.003m€0.004m€0.003m▼ 41.1%
Gross operating margin9900€0.07m€0.07m€0.3m€0.3m----
Operating profit (loss)9901€0.07m€0.05m€0.3m€0.3m€0.4m€0.5m€0.4m▼ 10.5%
Financial income75/76B---€0.02m€0.03m€0.04m€0.07m▲ 50.1%
Recurring financial income75€0.02m€0.01m€0.02m€0.02m€0.03m€0.04m€0.07m▲ 50.1%
Income from current assets751----€0.03m€0.04m€0.07m▲ 74.9%
Other financial income752/9----€5€0.006m€264▼ 95.9%
Financial charges65/66B---€0.02m€0.008m€0.006m€0.008m▲ 20.5%
Recurring financial charges65€0.008m€0.01m€0.02m€0.02m€0.008m€0.006m€0.008m▲ 20.5%
Debt charges650----€0.008m€0.006m€0.007m▲ 26.8%
Other financial charges652/9----€100€472€209▼ 55.7%
Profit (loss) for the period before taxes9903€0.09m€0.05m€0.3m€0.3m€0.4m€0.5m€0.5m▼ 5.6%
Income taxes67/77€0.03m€0.03m€0.07m€0.08m€0.1m€0.1m€0.1m▼ 6.6%
Taxes670/3----€0.1m€0.1m€0.1m▼ 6.6%
Profit (loss) for the period9904€0.06m€0.03m€0.2m€0.2m€0.3m€0.4m€0.4m▼ 5.3%
Profit (loss) for the period to be appropriated9905€0.06m€0.03m€0.2m€0.2m€0.3m€0.4m€0.4m▼ 5.3%
Line2019202020212022202320242025Change
Assets
Total assets20/58€0.8m€0.9m€2.4m€2.0m€3.4m€4.4m€6.0m▲ 34.8%
Fixed assets21/28€0.4m€0.4m€0.5m€0.4m€0.4m€0.4m€1.1m▲ 160%
Tangible fixed assets22/27-€0.04m€0.05m€0.04m€0.02m€0.007m€0.002m▼ 76.5%
Plant, machinery and equipment23----€0.001m€60€0▼ 100%
Furniture and vehicles24---€0.04m€0.02m€0.007m€0.002m▼ 76.3%
Financial fixed assets28€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€1.1m▲ 164%
Affiliated companies280/1----€0.06m€0.06m€0.02m▼ 68.4%
Participating interests280----€0.06m€0.06m€0.02m▼ 68.4%
Companies linked by participating interests282/3----€0.3m€0.3m€1.0m▲ 205%
Participating interests282----€0.3m€0.3m€0.7m▲ 117%
Amounts receivable283------€0.3m-
Current assets29/58€0.4m€0.5m€1.9m€1.5m€2.9m€4.0m€4.9m▲ 22.2%
Amounts receivable after more than one year29---€0.4m€0.4m€0.4m€0.4m▲ 2.3%
Other amounts receivable291---€0.4m€0.4m€0.4m€0.4m▲ 2.3%
Stocks and contracts in progress3--€0.3m€0.4m€0.4m€0.8m€0▼ 100%
Stocks30/36---€0.4m€0.4m€0.8m€0▼ 100%
Property held for sale35----€0.4m€0.8m€0▼ 100%
Amounts receivable within one year40/41€0.4m€0.4m€1.1m€0.7m€2.1m€2.7m€3.0m▲ 8.0%
Trade receivables40---€0.03m€1.1m€1.6m€1.4m▼ 12.2%
Other amounts receivable41---€0.7m€1.0m€1.2m€1.6m▲ 35.5%
Current investments50/53------€1.5m-
Other investments51/53------€1.5m-
Cash at bank and in hand54/58€0.03m€0.1m€0.03m€0.03m€0.05m€0.06m€0.02m▼ 60.1%
Deferred charges and accrued income490/1---€0.001m€0.003m€0.002m€0.01m▲ 497%
Equity and liabilities
Total equity and liabilities10/49€0.8m€0.9m€2.4m€2.0m€3.4m€4.4m€6.0m▲ 34.8%
Equity10/15€0.4m€0.5m€0.7m€0.9m€1.2m€1.6m€1.9m▲ 23.4%
Contributions10/11€0.006m--€0.006m€0.006m€0.006m€0.006m=
Reserves13€0.4m€0.5m€0.7m€0.9m€1.2m€1.5m€1.9m▲ 22.8%
Distributable reserves133---€0.9m€1.2m€1.5m€1.9m▲ 22.8%
Profit (loss) carried forward14€0.001m€0.002m€0.003m€0.02m€0.005m€0.008m€0.02m▲ 153%
Provisions and deferred taxes16€0.04m€0.04m€0.04m€0----
Provisions for liabilities and charges160/5---€0----
Pensions and similar obligations160---€0----
Amounts payable17/49€0.3m€0.4m€1.7m€1.1m€2.2m€2.9m€4.1m▲ 41.0%
Amounts payable after more than one year17€0.06m€0.03m€0.002m€0----
Financial debts170/4---€0----
Amounts payable within one year42/48€0.3m€0.4m€1.6m€1.1m€2.2m€2.9m€4.1m▲ 41.1%
Current portion of amounts payable after more than one year42---€0.002m€0---
Financial debts43------€0-
Credit institutions430/8------€0-
Trade debts44€0.1m€0.1m€0.4m€0.8m€1.5m€2.6m€3.4m▲ 28.7%
Suppliers440/4---€0.8m€1.5m€2.6m€3.4m▲ 28.7%
Taxes, remuneration and social security45---€0.1m€0.01m€0.03m€0.005m▼ 81.7%
Taxes450/3---€0.1m€0.008m€0.03m€0.005m▼ 81.7%
Remuneration and social security454/9---€0.02m€0.003m€0--
Other amounts payable47/48---€0.2m€0.6m€0.2m€0.7m▲ 209%
Accrued charges and deferred income492/3---€0.02m€0.02m€0.02m€0.02m▲ 18.4%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€58,496€26,918€201,516€214,928€276,968€383,014€362,826▼ 5.3%
+ Depreciation and write-downs630-€8,807€15,688€15,911€15,923€13,023€5,695▼ 56.3%
Operating cash flow (approximation)€58,496€35,725€217,204€230,838€292,891€396,037€368,521▼ 6.9%
Investment in fixed assets (approximation)--€44,602-€31,798-€397€0€0-€658,405-
Change in cash-€99,418-€93,579-€552€19,683€11,906-€37,559-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 16 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 full format 30-01-2026 2026-00021503 PDF
30-06-2024 full format 06-02-2025 2025-00029664 PDF
30-06-2023 full format 05-02-2024 2024-00025217 PDF
30-06-2022 abbreviated format 07-02-2023 2023-00024040 PDF
30-06-2021 abbreviated format 07-02-2022 2022-05000346 PDF
31-03-2020 abbreviated format 27-10-2020 2020-64300479 PDF
31-03-2019 abbreviated format 30-10-2019 2019-72000403 PDF
31-03-2018 abbreviated format 05-11-2018 2018-71600564 PDF
31-03-2017 abbreviated format 18-12-2017 2017-72500151 PDF
31-03-2016 abbreviated format 27-01-2017 2017-03100153 PDF

Show all 16 filings

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