ACTIVE

DHM Solar Systèmes

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Financial year 2025 · closed on 30/09/2025

Net result

-41,9 €

-100.1% YoY

Gross margin

12,1 k €

-87.7% YoY

Equity

65,7 k €

-0.1% YoY

What does DHM Solar Systèmes do?

DHM Solar Systèmes is a Private company with limited liability incorporated in 2008. Its main activity is: Electrical installation. Its registered office is in Malmedy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0897.927.812

Incorporation

15/05/2008

Legal form

Private company with limited liability

Registered office

Avenue de Norvège 19
4960 Malmedy · WallonieSee on map

Contributed capital

30 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 41001Construction of buildings 41201Construction of residential and non-residential buildings 43212Electrical installation 43212Electrical installation+6

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	12,1 k €	-87.7%	98,3 k €	-61.7%	256,5 k €	+200%	85,6 k €	+101%	42,7 k €	+84.9%	23,1 k €	-46.7%	43,3 k €	+5.1%	41,2 k €	+115%	19,1 k €	-20.0%	23,9 k €	+223%	7,4 k €	+149%	-15,2 k €	-122%	68,1 k €	-76.7%	291,8 k €	+210%	94 k €	+57.2%	59,8 k €	-32.4%	88,5 k €
EBITDA	11,3 k €	-87.0%	86,8 k €	-66.1%	255,8 k €	+204%	84 k €	+100%	41,9 k €	+87.2%	22,4 k €	-47.4%	42,6 k €	+4.7%	40,7 k €	+121%	18,4 k €	-21.1%	23,3 k €	+246%	6,7 k €	+142%	-16 k €	-124%	67,3 k €	-76.9%	290,9 k €	+211%	93,4 k €	+57.6%	59,3 k €	-32.3%	87,6 k €
Operating result	-332 €	-100%	80,5 k €	-67.1%	244,4 k €	+191%	84 k €	+100%	41,9 k €	+87.2%	22,4 k €	-47.4%	42,6 k €	+5.5%	40,4 k €	+124%	18,1 k €	-13.5%	20,9 k €	+351%	4,6 k €	+120%	-23,5 k €	-142%	56 k €	-79.8%	276,7 k €	+220%	86,4 k €	+64.9%	52,4 k €	-32.7%	77,8 k €
Net result	-41,9 €	-100%	56,2 k €	-69.3%	183,2 k €	+192%	62,7 k €	+100%	31,3 k €	+91.6%	16,3 k €	-43.2%	28,8 k €	+9.5%	26,3 k €	+79.2%	14,6 k €	-19.7%	18,2 k €	+318%	4,4 k €	+118%	-23,7 k €	-159%	40,4 k €	-77.9%	182,6 k €	+223%	56,5 k €	+75.6%	32,2 k €	-41.3%	54,8 k €
Balance sheet
Equity	65,7 k €	-0.1%	65,7 k €	+20.5%	54,6 k €	+38.5%	39,4 k €	+7.3%	36,7 k €	-4.5%	38,5 k €	+3.6%	37,2 k €	+2.5%	36,3 k €	+1.5%	35,7 k €	-30.1%	51,1 k €	-10.1%	56,8 k €	+8.3%	52,5 k €	-31.1%	76,1 k €	-20.5%	95,7 k €	+189%	33,1 k €	-37.7%	53,1 k €	+7.4%	49,5 k €
Total assets	90,1 k €	-52.3%	189,1 k €	-55.3%	423,3 k €	+0.9%	419,6 k €	+399%	84,1 k €	+11.1%	75,7 k €	-25.2%	101,2 k €	-68.2%	318,7 k €	+137%	134,2 k €	-5.5%	142 k €	+146%	57,7 k €	-9.8%	63,9 k €	-58.4%	153,5 k €	-71.4%	537,4 k €	+12.4%	478,2 k €	+161%	183,3 k €	-21.7%	234,1 k €
Cash	41,9 k €	-50.7%	85 k €	-24.4%	112,4 k €	+120%	51,1 k €	-16.7%	61,3 k €	+29.9%	47,2 k €	+53.0%	30,9 k €	-56.0%	70,2 k €	+28.5%	54,6 k €	-17.5%	66,2 k €	+98.0%	33,4 k €	+54.1%	21,7 k €	-65.2%	62,4 k €	-71.3%	217 k €	+62.6%	133,5 k €	+358%	29,1 k €	-63.0%	78,7 k €
Debts	24,4 k €	-80.2%	123,4 k €	-66.5%	368,7 k €	-3.0%	380,2 k €	+703%	47,4 k €	+27.4%	37,2 k €	-41.9%	64 k €	-77.3%	282,4 k €	+187%	98,5 k €	+8.4%	90,9 k €	+10363%	868,7 €	-92.4%	11,5 k €	-85.2%	77,4 k €	-82.4%	440,5 k €	-1.0%	445,1 k €	+242%	130,1 k €	-29.5%	184,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 3 ended

Active mandates

Eric DUSSELDORF

Director

Active

Frédéric VAN LOOY

Director

Active

Jean-Claude HEINDRICHS

Director

Active

Philippe MARQUET

Director

Active

Ended mandates

Eric DUSSELDORF

Manager

Ended

Jean-Claude HEINDRICHS

Manager

Ended

Philippe MARQUET

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
E. DUSSELDORF et Fils● Active	0422.943.655

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/04/2026	10/02/2025	22/12/2023	29/11/2022	07/12/2021	23/12/2020
General meeting	06/03/2026	17/12/2024	30/11/2023	07/11/2022	30/11/2021	01/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	06/03/2026	09/04/2026	French	PDF
Micro model	30/09/2024	17/12/2024	10/02/2025	French	PDF
Micro model	30/09/2023	30/11/2023	22/12/2023	French	PDF
Micro model	30/09/2022	07/11/2022	29/11/2022	French	PDF
Micro model	30/09/2021	30/11/2021	07/12/2021	French	PDF
Micro model	30/09/2020	01/12/2020	23/12/2020	French	PDF
Micro model	30/09/2019	11/02/2020	26/02/2020	French	PDF
Micro model	30/09/2018	27/11/2018	14/12/2018	French	PDF
Micro model	30/09/2017	21/11/2017	21/12/2017	French	PDF
Abridged model	30/09/2016	24/11/2016	23/12/2016	French	PDF
Abridged model	30/09/2015	01/12/2015	23/12/2015	French	PDF
Abridged model	30/09/2014	02/12/2014	11/12/2014	French	PDF
Abridged model	30/09/2013	10/12/2013	23/12/2013	French	PDF
Abridged model	30/09/2012	22/01/2013	28/02/2013	French	PDF
Abridged model	30/09/2011	06/12/2011	23/12/2011	French	PDF
Abridged model	30/09/2010	22/12/2010	07/02/2011	French	PDF
Abridged model	30/09/2009	20/11/2009	07/12/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 3 ended

Active mandates

Eric DUSSELDORF

Director

Active

Frédéric VAN LOOY

Director

Active

Jean-Claude HEINDRICHS

Director

Active

Philippe MARQUET

Director

Active

Ended mandates

Eric DUSSELDORF

Manager

Ended

Jean-Claude HEINDRICHS

Manager

Ended

Philippe MARQUET

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/02/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates15/02/2022
DEMISSIONS, NOMINATIONS
PDF
Other23/05/2008
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-41,9 €↓
2024
Annual accounts 202456,2 k €↓
2023
Annual accounts 2023183,2 k €↑
2022
Annual accounts 202262,7 k €↑
2021
Annual accounts 202131,3 k €↑
2020
Annual accounts 202016,3 k €↓
2019
Annual accounts 201928,8 k €↑
2018
Annual accounts 201826,3 k €↑
2017
Annual accounts 201714,6 k €↓
2016
Annual accounts 201618,2 k €↑
2015
Annual accounts 20154,4 k €↑
2014
Annual accounts 2014-23,7 k €↓
2013
Annual accounts 201340,4 k €↓
2012
Annual accounts 2012182,6 k €↑
2011
Annual accounts 201156,5 k €↑
2010
Annual accounts 201032,2 k €↓
2009
Annual accounts 200954,8 k €
15/05/2008
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DHM Solar Systèmes

Overview

What does DHM Solar Systèmes do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline