We raise the possibility that the chiral degeneracy of the magnons in ultrathin films can be lifted due to the presence of Dzyaloshinskii-Moriya interactions. By using simple symmetry arguments, we discuss under which conditions such a chiral asymmetry occurs. We then perform relativistic first principles calculations for an Fe monolayer on W(110) and explicitly reveal the asymmetry of the spin-wave spectrum in case of wave-vectors parallel to the (001) direction. Furthermore, we quantitatively interpret our results in terms of a simplified spin-model by using calculated DzyaloshinskiiMoriya vectors. Our theoretical prediction should inspire experiments to explore the asymmetry of spin-waves, with a particular emphasis on the possibility to measure the Dzyaloshinskii-Moriya interactions in ultrathin films. It is by now well-established that relativistic effects play a fundamental role in the magnetism of nanostructures, in particular, for thin films and finite deposited nanoparticles. Over the past two decades, a vast number of experimental and theoretical studies has been published to explore related phenomena such as magnetic anisotropies, spin-reorientation phase transitions, and non-collinear magnetic orderings. [1,2,3,4,5] The antisymmetric exchange interaction between two magnetic atoms,, where M i and M j denote the spin-moments of the atoms labeled by i and j, has been proposed 50 years ago by Dzyaloshinskii [6] and Moriya [7]. The D ij is called the Dzyaloshinskii-Moriya vector being identical to zero if the sites i and j experience inversion symmetry. It has been put forward just about ten years ago that an enhanced Dzyaloshinskii-Moriya interaction (DMI) at surfaces or interfaces can give rise to novel phenomena in nanomagnetism such as to noncollinear interlayer coupling, [8,9] to unidirectional competing magnetic anisotropies, [10] or to stabilization of non-collinear (chiral) magnetic orderings. [11,12] A breakthrough on this field happened when the resolution of spin-polarized scanning tunneling microscopy enabled to detect magnetic pattern formation on the atomic scale in monolayer-thin films. Such periodic modulations have been observed for Mn monolayers deposited on W(110) and W(001) and, could successfully be interpreted in terms of a combination of relativistic first principles calculations and a simple micromagnetic model as the consequence of large DM interactions. [13,14]. Using the same theoretical basis it was even possible to explain the homochirality of the domain walls in two monolayers of Fe on W(110), [15] in agreement with previous experimental observation. [16] In this Letter, we investigate a consequence of the DM interactions on the spin-wave spectra in ultrathin films, not yet explored in the literature. We argue that the chiral degeneracy of the spin-wave (SW) spectrum can be lifted due to the Dzyaloshinskii-Moriya interactions and discuss under which conditions such a chiral asymmetry occurs. Based on relativistic first principles calculations, we explicitly evidence the asy...