Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Shrinking team NBB
FTE fell two years in a row, from 20.4 to 17.2.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
DERMUL from Lokeren, company number BE0435128538, closed financial year 2025 with a result of € 397,652 after tax. For that financial year DERMUL recorded a gross margin of € 1.4 million and equity of € 2.8 million. Compared with financial year 2024, the result moved from € 838,888 to € 397,652. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 2.8 million
▼ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 397,652
▼ 53% vs 2024
Profit after tax over the fiscal year.
€ 487,354
▲ 131% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.9 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
17.2
▼ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 978,196
▼ 22% vs 2024
€ 56,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 24,040
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 181,462
▼ 40% vs 2024
€ 82,021 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 172,556
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 97,764
▼ 39% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,250,696 | € 2,482,816 | € 2,614,890 | € 1,385,487 | ▼ 47% |
| Profit after taxes | € 547,744 | € 727,828 | € 838,888 | € 397,652 | ▼ 53% |
| Equity | € 3,571,667 | € 3,822,867 | € 4,300,966 | € 2,844,355 | ▼ 34% |
| Total debts | € 740,368 | € 1,184,761 | € 1,064,626 | € 561,182 | ▼ 47% |
| Cash | € 218,123 | € 421,735 | € 210,917 | € 487,354 | ▲ 131% |
| Land & buildings | € 975,508 | € 1,165,078 | € 1,174,875 | € 1,167,903 | ▼ 1% |
| Retained profit | € 3,552,667 | € 3,803,867 | € 4,281,966 | € 2,825,355 | ▼ 34% |
| Dividend | € 205,759 | € 476,628 | € 360,789 | € 1,854,263 | ▲ € 1.5 million |
| Bank debt | € 251,167 | € 419,726 | € 301,540 | € 181,462 | ▼ 40% |
| Balance sheet total | € 4,312,035 | € 5,007,628 | € 5,365,592 | € 3,405,538 | ▼ 37% |
| Employees (FTE) | 23 | 20.4 | 19.6 | 17.2 | ▼ 2.4 |
Key figures of DERMUL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to DERMUL?
What happened at DERMUL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 397,652 (▼ 53% vs 2024). Source: NBB ↗
- Oxygen BV became a director. NBB
- Actracon BV stepped down as director. NBB
- New establishment in Lokeren. KBO
- Actracon BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 547,744 profit in 2022 to € 397,652 profit in 2025.
Paid € 656,310 in corporate taxes since 2022.
Best year ever: 2024, with € 838,888 profit.
On average € 80,600 of value added per employee in 2025.
Management
The stake of OXYGEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DERMULBehind DERMUL is Oxygen BV. The shares are held by OXYGEN (100%).
Directors
According to the 2025 annual accounts
Director · represented by Bart Dermul
since 1988 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Moortelstraat 5
9160 Lokeren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.128.538
- VAT number
- BE 0435.128.538
- Registered office
- Moortelstraat 5, 9160 Lokeren
- Names & denominations
- DERMUL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 August 1988
- Peppol
- Active · Active since 19 Jan 2026
- Activities · NACE
Vervaardiging van kantoor- en winkelmeubelen
Vervaardiging van kantoor-, winkel- en ateliermeubelen, overwegend van andere materialen dan metaal
Vervaardiging van overige producten van metaal, neg
Vervaardiging van overige artikelen van metaal, n.e.g.
Overige gespecialiseerde bouwactiviteiten, neg
Vervaardiging van kantoor-, winkel- en ateliermeubelen, overwegend van metaal
Overige gespecialiseerde werkzaamheden in de bouw
Overige gespecialiseerde bouwwerkzaamheden