DEM
ActiveSummary
DEM has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.37M and a net result of €77k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 3307 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 79.61 against 72.03 in 2024; short-term debt: 1.2% and cash: 3.8% of total assets), and 1.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
98.8%
Return on assets
5.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
7 d late
2023
40 d early
2022
on the day
2021
on the day
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.37M▲ 6.0%
2024 · €1.29M
2019: €865klowest in 7 years
2020: €989k▲ +14.4% vs 2019
2021: €1.09M▲ +10.0% vs 2020
2022: €1.17M▲ +7.2% vs 2021
2023: €1.22M▲ +4.3% vs 2022
2024: €1.29M▲ +6.3% vs 2023
2025: €1.37M▲ +6.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.39M▲ 5.9%
2024 · €1.31M
2019: €1.00Mlowest in 7 years
2020: €1.05M▲ +5.0% vs 2019
2021: €1.11M▲ +5.3% vs 2020
2022: €1.19M▲ +7.6% vs 2021
2023: €1.23M▲ +3.6% vs 2022
2024: €1.31M▲ +6.2% vs 2023
2025: €1.39M▲ +5.9% vs 2024highest in 7 years
2019 → 2025
Net result
€77k▲ 0.7%
2024 · €77k
2019: €131khighest in 7 years
2020: €125k▼ -4.8% vs 2019
2021: €99k▼ -20.5% vs 2020
2022: €79k▼ -20.5% vs 2021
2023: €50k▼ -36.3% vs 2022lowest in 7 years
2024: €77k▲ +52.8% vs 2023
2025: €77k▲ +0.7% vs 2024
2019 → 2025
Working capital
€1.30M▲ 7.7%
2024 · €1.20M
2019: €801klowest in 7 years
2020: €933k▲ +16.5% vs 2019
2021: €1.03M▲ +10.3% vs 2020
2022: €1.05M▲ +1.6% vs 2021
2023: €1.11M▲ +6.5% vs 2022
2024: €1.20M▲ +8.1% vs 2023
2025: €1.30M▲ +7.7% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.09M-€1.17M▲ 7.2%€1.22M▲ 4.3%€1.29M▲ 6.3%€1.37M▲ 6.0%
2021: €1.09Mlowest in 5 years
2022: €1.17M▲ +7.2% vs 2021
2023: €1.22M▲ +4.3% vs 2022
2024: €1.29M▲ +6.3% vs 2023
2025: €1.37M▲ +6.0% vs 2024highest in 5 years
Operating result€131k-€101k▼ 22.5%€73k▼ 27.4%€86k▲ 16.6%€98k▲ 14.5%
2021: €131khighest in 5 years
2022: €101k▼ -22.5% vs 2021
2023: €73k▼ -27.4% vs 2022lowest in 5 years
2024: €86k▲ +16.6% vs 2023
2025: €98k▲ +14.5% vs 2024
Net result€99k-€79k▼ 20.5%€50k▼ 36.3%€77k▲ 52.8%€77k▲ 0.7%
2021: €99khighest in 5 years
2022: €79k▼ -20.5% vs 2021
2023: €50k▼ -36.3% vs 2022lowest in 5 years
2024: €77k▲ +52.8% vs 2023
2025: €77k▲ +0.7% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 14% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.39M
Fixed assets
€76k ▼ 16.5%
Current assets
€1.31M ▲ 7.5%
Equity and liabilities €1.39M
Equity
€1.37M ▲ 6.0%
Debt
€16k ▼ 2.7%
Debt's share of the balance-sheet total falls from 1.3% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113k▲
2024 · €101k
Cash flow
€92k▲
2024 · €92k
Current ratio
79.61▲
2024 · 72.03
Debt to equity
0.01▼
2024 · 0.01
ROE
5.6%▼
2024 · 5.9%
ROA
5.6%▼
2024 · 5.9%
Interest coverage
115.93▼
2024 · 292.45
Debt ≤ 1 year
€16k▼
2024 · €17k
Income taxes
€38k▲
2024 · €37k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.31M€1.39M▲
Fixed assets21/28€91k€76k▼
Tangible fixed assets22/27€91k€76k▼
Land and buildings22€51k€51k=
Plant, machinery and equipment23€1k€463▼
Furniture and vehicles24€37k€24k▼
Other tangible fixed assets26€1k€754▼
Current assets29/58€1.22M€1.31M▲
Amounts receivable within one year40/41€445k€483k▲
Trade receivables40€8k€16k▲
Other amounts receivable41€437k€467k▲
Current investments50/53€372k€772k▲
Cash at bank and in hand54/58€404k€53k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€1.31M€1.39M▲
Equity10/15€1.29M€1.37M▲
Contributions10/11€31k€31k=
Reserves13€1.19M€1.26M▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€1.18M€1.26M▲
Profit (loss) carried forward14€77k€77k=
Amounts payable17/49€17k€16k▼
Amounts payable within one year42/48€17k€16k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€15k€14k▼
Taxes450/3€15k€14k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€106k€118k▲
Operating profit (loss)9901€86k€98k▲
Financial income75/76B€28k€19k▼
Recurring financial income75€28k€19k▼
Financial charges65/66B€345€975▲
Recurring financial charges65€345€975▲
Profit (loss) for the period before taxes9903€114k€116k▲
Income taxes67/77€37k€38k▲
Profit (loss) for the period9904€77k€77k▲
Profit (loss) for the period to be appropriated9905€77k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€154k€155k▲
Profit (loss) brought forward from the previous period14P€77k€77k=
Transfer to equity691/2€77k€77k▲
To other reserves6921€77k€77k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €10k | €16k | €15k | €15k | ▼ 1.8% |
| Other operating charges640/8 | - | €4k | €5k | €5k | €5k | ▲ 3.8% |
| Gross operating margin9900 | €138k | €115k | €94k | €106k | €118k | ▲ 11.6% |
| Operating profit (loss)9901 | €131k | €101k | €73k | €86k | €98k | ▲ 14.5% |
| Financial income75/76B | - | €15k | €14k | €28k | €19k | ▼ 34.1% |
| Recurring financial income75 | €15k | €15k | €14k | €28k | €19k | ▼ 34.1% |
| Financial charges65/66B | - | €2k | €13k | €345 | €975 | ▲ 183% |
| Recurring financial charges65 | €681 | €2k | €13k | €345 | €975 | ▲ 183% |
| Profit (loss) for the period before taxes9903 | €145k | €115k | €75k | €114k | €116k | ▲ 1.8% |
| Income taxes67/77 | €46k | €36k | €24k | €37k | €38k | ▲ 4.2% |
| Profit (loss) for the period9904 | €99k | €79k | €50k | €77k | €77k | ▲ 0.7% |
| Profit (loss) for the period to be appropriated9905 | €99k | €79k | €50k | €77k | €77k | ▲ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.11M | €1.19M | €1.23M | €1.31M | €1.39M | ▲ 5.9% |
| Fixed assets21/28 | €60k | €122k | €106k | €91k | €76k | ▼ 16.5% |
| Tangible fixed assets22/27 | €60k | €122k | €106k | €91k | €76k | ▼ 16.5% |
| Land and buildings22 | - | €51k | €51k | €51k | €51k | = |
| Plant, machinery and equipment23 | - | €4k | €2k | €1k | €463 | ▼ 59.3% |
| Furniture and vehicles24 | - | €65k | €51k | €37k | €24k | ▼ 37.1% |
| Other tangible fixed assets26 | - | €2k | €2k | €1k | €754 | ▼ 35.7% |
| Current assets29/58 | €1.05M | €1.07M | €1.13M | €1.22M | €1.31M | ▲ 7.5% |
| Amounts receivable within one year40/41 | €462k | €449k | €427k | €445k | €483k | ▲ 8.6% |
| Trade receivables40 | - | €28k | €7k | €8k | €16k | ▲ 103% |
| Other amounts receivable41 | - | €421k | €420k | €437k | €467k | ▲ 6.9% |
| Current investments50/53 | €75k | €348k | €360k | €372k | €772k | ▲ 107% |
| Cash at bank and in hand54/58 | €511k | €274k | €342k | €404k | €53k | ▼ 86.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €4k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.11M | €1.19M | €1.23M | €1.31M | €1.39M | ▲ 5.9% |
| Equity10/15 | €1.09M | €1.17M | €1.22M | €1.29M | €1.37M | ▲ 6.0% |
| Contributions10/11 | - | €31k | €31k | €31k | €31k | = |
| Reserves13 | €980k | €1.06M | €1.11M | €1.19M | €1.26M | ▲ 6.5% |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | €3k | = |
| Tax-exempt reserves132 | - | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | - | €1.05M | €1.10M | €1.18M | €1.26M | ▲ 6.6% |
| Profit (loss) carried forward14 | €77k | €77k | €77k | €77k | €77k | = |
| Amounts payable17/49 | €19k | €24k | €17k | €17k | €16k | ▼ 2.7% |
| Amounts payable within one year42/48 | €19k | €24k | €15k | €17k | €16k | ▼ 2.7% |
| Trade debts44 | €1k | €2k | €3k | €2k | €2k | ▼ 6.2% |
| Suppliers440/4 | - | €2k | €3k | €2k | €2k | ▼ 6.2% |
| Taxes, remuneration and social security45 | - | €14k | €9k | €15k | €14k | ▼ 2.2% |
| Taxes450/3 | - | €14k | €9k | €15k | €14k | ▼ 2.2% |
| Other amounts payable47/48 | - | €8k | €3k | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €1k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99k | €79k | €50k | €77k | €77k | ▲ 0.7% |
| + Depreciation and write-downs630 | €3k | €10k | €16k | €15k | €15k | ▼ 1.8% |
| Operating cash flow (approximation) | €102k | €88k | €66k | €92k | €92k | ▲ 0.3% |
| Investment in fixed assets (approximation) | - | €-72k | €0 | €0 | €0 | - |
| Change in cash | - | €-237k | €68k | €62k | €-350k | ▼ 665% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 7 days late
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €50k ▼36.3%
Net result drops to €50k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Liquidity triplescurrent ratio 55.51
Current ratio from 16.00 to 55.51; short-term debt falls from €62k to €19k.
30-06
Financial
Equity above €1MEq €1.09M ▲10%
3 profitable years in a row build equity to €1.09M.
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Liquidity doublescurrent ratio 16.00
Current ratio from 6.86 to 16.00; short-term debt falls from €137k to €62k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Kaprijke · 1 establishment unit since 1983
Ground area
3,421 m²
Building footprint
361 m²
Volume, LiDAR
1,872 m³
Parcel 43009B1279/00C002, Flanders · tallest building 16.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DEM
since 19832.022.516.019
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43009B1279/00C002 | Flanders | 3,421 m² | 1 · 360 m² | 16.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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BE 0841.862.901
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BE 0441.816.786
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AKRIMMO INVEST
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Of 2,267 companies in sector 69209 we hold annual accounts for 1,098. 529 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-06-1983
Fiscal year end30-06
Activities, NACEBEL 2025
69209Other tax advisory services
Scores and ratios are computed by Checked and are not a credit decision.