DEM CONSTRUCT
ActiveSummary
DEM CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,248 and a net result of €10,886. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 30% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77=
Solvency54▼-12
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.72 in 2024; short-term debt: 65.3% and cash: 25.1% of total assets), and 71.1% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
17 d early
2022
3 d late
2021
5 d early
2020
13 d late
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
2023 · €0
Total assets
€128,984▲ 19.6%
2024 · €107,859
Net result
€10,886▲ 57.7%
2024 · €6,904
Working capital
€29,589▼ 17.5%
2024 · €35,880
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0€0€0
Operating result€8,123-€7,866€35,703€13,538▼ 62.1%€20,373▲ 50.5%
Net result€8,681-€9,785€28,503€6,904▼ 75.8%€10,886▲ 57.7%
Equity€35,966▲ 31.8%€26,181▼ 27.2%€54,684▲ 109%€44,359▼ 18.9%€37,248▼ 16.0%
Total assets€55,987▲ 6.3%€46,238▼ 17.4%€89,169▲ 92.8%€107,859▲ 21.0%€128,984▲ 19.6%
Debt€20,021▼ 21.2%€20,056▲ 0.2%€34,485▲ 71.9%€63,499▲ 84.1%€91,736▲ 44.5%
Working capital€29,789▲ 29.6%€20,511▼ 31.1%€51,697▲ 152%€35,880▼ 30.6%€29,589▼ 17.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 50% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128,984
Fixed assets
€15,177 ▼ 30.4%
Current assets
€113,807 ▲ 32.3%
Equity and liabilities €128,984
Equity
€37,248 ▼ 16.0%
Debt
€91,736 ▲ 44.5%
Debt's share of the balance-sheet total rises from 58.9% to 71.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27,006▲
2024 · €17,694
Cash flow
€17,520▲
2024 · €11,060
Current ratio
1.35▼
2024 · 1.72
Debt to equity
2.46▲
2024 · 1.43
ROE
29.2%▲
2024 · 15.6%
ROA
8.4%▲
2024 · 6.4%
Interest coverage
5.68▼
2024 · 11.61
Debt ≤ 1 year
€84,218▲
2024 · €50,169
Debt > 1 year
€7,518▼
2024 · €13,331
Income taxes
€4,733▼
2024 · €5,110
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | €0 | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | €0 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,055 | €7,853 | €2,883 | €4,156 | €6,633 | ▲ 59.6% |
| Other operating charges640/8 | - | €1,702 | €2,069 | €3,898 | €2,762 | ▼ 29.1% |
| Gross operating margin9900 | €17,075 | €1,689 | €40,655 | €21,592 | €29,768 | ▲ 37.9% |
| Operating profit (loss)9901 | €8,123 | -€7,866 | €35,703 | €13,538 | €20,373 | ▲ 50.5% |
| Financial income75/76B | - | €9 | €2,188 | €0 | €0 | ▲ 450% |
| Recurring financial income75 | €2,000 | €9 | €2,188 | €0 | €0 | ▲ 450% |
| Non-recurring financial income76B | - | - | €2,188 | - | - | - |
| Financial charges65/66B | - | €1,521 | €902 | €1,524 | €4,754 | ▲ 212% |
| Recurring financial charges65 | €1,135 | €1,521 | €902 | €1,524 | €4,754 | ▲ 212% |
| Profit (loss) for the period before taxes9903 | €8,988 | -€9,379 | €36,989 | €12,014 | €15,619 | ▲ 30.0% |
| Income taxes67/77 | €307 | €406 | €8,486 | €5,110 | €4,733 | ▼ 7.4% |
| Profit (loss) for the period9904 | €8,681 | -€9,785 | €28,503 | €6,904 | €10,886 | ▲ 57.7% |
| Profit (loss) for the period to be appropriated9905 | €8,681 | -€9,785 | €28,503 | €6,904 | €10,886 | ▲ 57.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,987 | €46,238 | €89,169 | €107,859 | €128,984 | ▲ 19.6% |
| Fixed assets21/28 | €6,250 | €5,871 | €2,988 | €21,810 | €15,177 | ▼ 30.4% |
| Tangible fixed assets22/27 | €6,250 | €5,871 | €2,988 | €21,810 | €15,177 | ▼ 30.4% |
| Plant, machinery and equipment23 | - | €0 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | €5,871 | €2,988 | €21,810 | €15,177 | ▼ 30.4% |
| Current assets29/58 | €49,737 | €40,367 | €86,181 | €86,049 | €113,807 | ▲ 32.3% |
| Amounts receivable within one year40/41 | €35,201 | €32,392 | €71,756 | €69,223 | €80,480 | ▲ 16.3% |
| Trade receivables40 | - | €31,199 | €70,250 | €65,730 | €76,016 | ▲ 15.6% |
| Other amounts receivable41 | - | €1,194 | €1,506 | €3,493 | €4,465 | ▲ 27.8% |
| Cash at bank and in hand54/58 | €12,883 | €6,823 | €14,426 | €8,965 | €32,436 | ▲ 262% |
| Deferred charges and accrued income490/1 | - | €1,152 | €0 | €7,861 | €890 | ▼ 88.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,987 | €46,238 | €89,169 | €107,859 | €128,984 | ▲ 19.6% |
| Equity10/15 | €35,966 | €26,181 | €54,684 | €44,359 | €37,248 | ▼ 16.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €8,060 | €8,060 | = |
| Reserves13 | €37,087 | €37,087 | €47,087 | €34,902 | €27,791 | ▼ 20.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €35,227 | €45,227 | €34,902 | €27,791 | ▼ 20.4% |
| Profit (loss) carried forward14 | -€7,321 | -€17,106 | €1,397 | €1,397 | €1,397 | = |
| Amounts payable17/49 | €20,021 | €20,056 | €34,485 | €63,499 | €91,736 | ▲ 44.5% |
| Amounts payable after more than one year17 | €0 | - | - | €13,331 | €7,518 | ▼ 43.6% |
| Financial debts170/4 | - | - | - | €13,331 | €7,518 | ▼ 43.6% |
| Amounts payable within one year42/48 | €19,948 | €19,856 | €34,485 | €50,169 | €84,218 | ▲ 67.9% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | €4,602 | €5,813 | ▲ 26.3% |
| Trade debts44 | €1,590 | €10,233 | €10,233 | €12,238 | €31,602 | ▲ 158% |
| Suppliers440/4 | - | €10,233 | €10,233 | €12,238 | €31,602 | ▲ 158% |
| Taxes, remuneration and social security45 | - | €5,977 | €18,884 | €8,776 | €13,553 | ▲ 54.4% |
| Taxes450/3 | - | €1,139 | €9,706 | €6,976 | €1,833 | ▼ 73.7% |
| Remuneration and social security454/9 | - | €4,838 | €9,179 | €1,800 | €11,721 | ▲ 551% |
| Other amounts payable47/48 | - | €3,646 | €5,367 | €24,554 | €33,250 | ▲ 35.4% |
| Accrued charges and deferred income492/3 | - | €200 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,681 | -€9,785 | €28,503 | €6,904 | €10,886 | ▲ 57.7% |
| + Depreciation and write-downs630 | €8,055 | €7,853 | €2,883 | €4,156 | €6,633 | ▲ 59.6% |
| Operating cash flow (approximation) | €16,736 | -€1,931 | €31,386 | €11,060 | €17,520 | ▲ 58.4% |
| Investment in fixed assets (approximation) | - | -€7,474 | €0 | -€22,978 | €0 | ▲ 100% |
| Change in cash | - | -€6,059 | €7,603 | -€5,461 | €23,472 | ▲ 530% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €28,503
Net result €28,503 after one loss-making year.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €8,681
Net result €8,681 after one loss-making year.
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
31-03
Financial
Weakest financial yearnet -€16,368
Net result drops to -€16,368, the lowest in the series; recovery starts the following year.
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
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, Bornem · 1 establishment unit since 2015
Ground area
743 m²
Building footprint
405 m²
Volume, LiDAR
4,140 m³
2 parcels, Brussels, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
DEM CONSTRUCT
since 20152.303.485.625
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0176/00Y031 | Brussels | 549 m² | 1 · 327 m² | 15.0 m · 4 fl. |
| 12007B0741/00V000 | Flanders | 194 m² | 1 · 78 m² | 9.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
3 categoriesDEM CONSTRUCT BV44317
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 5,876 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 (pre-2019)
Founded16-11-2015
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
43110Demolition
43910Bricklaying and masonry work
Scores and ratios are computed by Checked and are not a credit decision.