DENM Projects
ActiveSummary
DENM Projects has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €72k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 7029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+4
Solvency96▲+5
Growth52=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 4.47 against 3.92 in 2024; short-term debt: 12.9% and cash: 27.4% of total assets), and 28.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.4%
Return on assets
69%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
14 d early
2024
13 d early
2023
20 d early
2022
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€74k▼ 11.5%
2024 · €84k
2022: €72k
2023: €57k
2024: €84k
2022 → 2025
Total assets
€104k▼ 17.6%
2024 · €127k
2022: €106k
2023: €152k
2024: €127k
2022 → 2025
Net result
€72k▲ 162%
2024 · €27k
2022: €100k
2023: €99k
2024: €27k
2022 → 2025
Working capital
€47k▼ 9.8%
2024 · €52k
2022: €66k
2023: €40k
2024: €52k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€72k-€57k▼ 21.6%€84k▲ 48.6%€74k▼ 11.5%
Operating result€127k-€128k▲ 1.0%€37k▼ 71.5%€92k▲ 151%
Net result€100k-€99k▼ 0.3%€27k▼ 72.3%€72k▲ 162%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 151% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104k
Fixed assets
€44k ▼ 22.8%
Current assets
€60k ▼ 13.4%
Equity and liabilities €104k
Equity
€74k ▼ 11.5%
Debt
€30k ▼ 29.9%
Debt's share of the balance-sheet total falls from 33.6% to 28.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€105k▲
2024 · €49k
Cash flow
€85k▲
2024 · €40k
Current ratio
4.47▲
2024 · 3.92
Debt to equity
0.40▼
2024 · 0.51
ROE
96.6%▲
2024 · 32.7%
ROA
69.0%▲
2024 · 21.7%
Interest coverage
95.29▲
2024 · 35.29
Debt ≤ 1 year
€13k▼
2024 · €18k
Debt > 1 year
€16k▼
2024 · €25k
Income taxes
€19k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€127k€104k▼
Fixed assets21/28€57k€44k▼
Tangible fixed assets22/27€57k€44k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€55k€43k▼
Current assets29/58€70k€60k▼
Amounts receivable within one year40/41€28k€31k▲
Trade receivables40€24k€26k▲
Other amounts receivable41€4k€4k▼
Cash at bank and in hand54/58€41k€29k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€127k€104k▼
Equity10/15€84k€74k▼
Contributions10/11€3k€3k=
Reserves13€82k€72k▼
Distributable reserves133€82k€72k▼
Amounts payable17/49€42k€30k▼
Amounts payable after more than one year17€25k€16k▼
Financial debts170/4€25k€16k▼
Amounts payable within one year42/48€18k€13k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€98€798▲
Suppliers440/4€98€798▲
Taxes, remuneration and social security45€10k€4k▼
Taxes450/3€10k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▲
Other operating charges640/8€836€878▲
Gross operating margin9900€50k€106k▲
Operating profit (loss)9901€37k€92k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€35k€91k▲
Income taxes67/77€8k€19k▲
Profit (loss) for the period9904€27k€72k▲
Profit (loss) for the period to be appropriated9905€27k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€72k▲
Transfer from equity791/2-€82k
Transfer to equity691/2€27k€72k▲
To other reserves6921€27k€72k▲
Profit to be distributed694/7-€82k
Return on contributions (dividend)694-€82k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €27k ▼72.3%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.92
Current ratio from 1.65 to 3.92; short-term debt falls from €63k to €18k.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Putweg 81850 GrimbergenGround area
1,217 m²
Building footprint
148 m²
Volume, LiDAR
846 m³
Parcel 23025A0029/00L000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DENM Projects
since 20212.321.921.761
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23025A0029/00L000 | Flanders | 1,217 m² | 1 · 148 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
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FLOW&WOLF
BE 0788.754.015
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AUXILIUM CONSULTING
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Of 13,421 companies in sector 73300 we hold annual accounts for 6,901. 5,608 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
47730Retail sale of pharmaceutical products
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.