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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
K.D.M.W. from Westerlo, company number BE0445590482, closed financial year 2025 with a result of € -23,486 after tax. For that financial year K.D.M.W. recorded a gross margin of € 141,769 and equity of € 814,412. Compared with financial year 2024, the result moved from € -3,754 to € -23,486. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2026.
€ 814,412
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,486
▼ 526 % more loss than in 2024
Profit after tax over the fiscal year.
€ 12,965
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 727,412.
People and assets in 2025
€ 23,490
▼ 48% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 506,353
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 917,237
▼ 16% vs 2024
€ 240,529 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 19,615
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,712
▲ 3% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 145,152 | € 127,395 | € 393,141 | € 141,769 | ▼ 64% |
| Profit after taxes | € -34,197 | € -17,999 | € -3,754 | € -23,486 | ▼ € 19,732 |
| Equity | € 858,022 | € 840,023 | € 836,269 | € 814,412 | ▼ 3% |
| Total debts | € 1,759,244 | € 1,663,354 | € 1,520,968 | € 1,567,712 | ▲ 3% |
| Cash | € 10,455 | € 4,685 | € 80,708 | € 12,965 | ▼ 84% |
| Land & buildings | € 2,062,794 | € 2,039,468 | € 1,990,143 | € 2,063,194 | ▲ 4% |
| Retained profit | € 771,022 | € 753,023 | € 749,269 | € 727,412 | ▼ 3% |
| Bank debt | € 1,475,334 | € 1,293,927 | € 1,092,073 | € 917,237 | ▼ 16% |
| Balance sheet total | € 2,951,275 | € 2,821,360 | € 2,659,195 | € 2,668,058 |
Key figures of K.D.M.W., 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 K.D.M.W.?
What happened at K.D.M.W. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eliane De Merode stepped down as director. NBB
- Thierry De Merode stepped down as director. NBB
- Simon De Merode stepped down as director. NBB
- Edouard De Merode stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 23,487. filed late Source: NBB ↗
- Eliane De Merode became a director. NBB
- Thierry De Merode became a director. NBB
- Simon De Merode became a director. NBB
In short
From € 34,197 loss in 2022 to € 23,487 loss in 2025.
Paid € 19,667 in corporate taxes since 2022.
Management
The stake of OLD STONE INVEST, GOELO REAL-ESTATE BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
K.D.M.W.The shares are held by OLD STONE INVEST (50%) and GOELO REAL-ESTATE BELGIUM (1%). It owns 1% of Goelo Real estate Begium itself.
Directors
According to the 2025 annual accounts
since 2011 · until 2029
since 2011 · until 2029
Simon De Merode
Director
Also active at: HISTORALIA PRODUCTIONS, FINCHE & COMPANY, OLD STONE INVEST, GOELO REAL-ESTATE BELGIUM
since 2011 · until 2029
Edouard De Merode
Director
since 2011 · until 2029
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Polderstraat 51
2260 Westerlo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0445.590.482
- VAT number
- BE 0445.590.482
- Registered office
- Polderstraat 51, 2260 Westerlo
- Names & denominations
- K.D.M.W.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 October 1991
- Peppol
- Active · Active since 29 Aug 2023
- Activities · NACE
Activiteiten van syndici van onroerend goed
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Overige activiteiten i.v.m. de sportbeoefening
Overige sportactiviteiten, neg