DEMA
ActiveSummary
DEMA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €264k and a net result of €-2k. Equity is shrinking by ~3.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+4
Solvency88▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.32 in 2024; short-term debt: 20% and cash: 6.6% of total assets), and 36.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.1%
Return on assets
-0.6%
Age of the figures
16 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 25-11-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
34 d early
2023
37 d early
2022
31 d early
2021
7 d early
2020
on the day
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close25-09-2026 today31-12-2026 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€264k▼ 0.9%
2024 · €267k
Total assets
€419k▼ 6.3%
2024 · €447k
Net result
€-2k▲ 55.5%
2024 · €-6k
Working capital
€-53k▲ 25.1%
2024 · €-71k
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
Operating result€-10k▲ 49.5%€-12k▼ 20.6%€-7k▲ 41.0%€-2k▲ 70.3%€459
Net result€-13k▲ 2.6%€-15k▼ 10.0%€-10k▲ 32.7%€-6k▲ 44.4%€-2k▲ 55.5%
Equity€297k▼ 4.3%€282k▼ 5.0%€272k▼ 3.5%€267k▼ 2.0%€264k▼ 0.9%
Total assets€558k▼ 5.9%€516k▼ 7.5%€481k▼ 6.9%€447k▼ 7.1%€419k▼ 6.3%
Debt€174k▼ 9.1%€151k▼ 13.3%€130k▼ 14.3%€105k▼ 18.8%€84k▼ 20.5%
Working capital€-113k▲ 10.9%€-98k▲ 13.1%€-89k▲ 10.1%€-71k▲ 19.8%€-53k▲ 25.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €459 after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €419k
Fixed assets
€388k ▼ 5.9%
Current assets
€30k ▼ 11.1%
Equity and liabilities €419k
Equity
€264k ▼ 0.9%
Provisions
€71k ▼ 5.4%
Debt
€84k ▼ 20.5%
Debt's share of the balance-sheet total falls from 23.5% to 20.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€26k▲
2024 · €26k
Cash flow
€23k▲
2024 · €22k
Current ratio
0.36▲
2024 · 0.32
Debt to equity
0.32▼
2024 · 0.39
ROE
-0.9%▲
2024 · -2.1%
ROA
-0.6%▲
2024 · -1.2%
Interest coverage
3.88▲
2024 · 3.52
Debt ≤ 1 year
€84k▼
2024 · €105k
Income taxes
€237▲
2024 · €179
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | €36k | €31k | €28k | €26k | ▼ 7.2% |
| Other operating charges640/8 | - | €6k | €6k | €7k | €7k | ▲ 0.2% |
| Gross operating margin9900 | €31k | €30k | €30k | €33k | €34k | ▲ 1.9% |
| Operating profit (loss)9901 | €-10k | €-12k | €-7k | €-2k | €459 | ▲ 121% |
| Financial income75/76B | - | - | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €11 | - | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €7k | €7k | €7k | €7k | ▼ 7.3% |
| Recurring financial charges65 | €7k | €7k | €7k | €7k | €7k | ▼ 7.3% |
| Profit (loss) for the period before taxes9903 | €-17k | €-19k | €-14k | €-9k | €-6k | ▲ 33.2% |
| Transfer from deferred taxes780 | - | €4k | €4k | €4k | €4k | = |
| Income taxes67/77 | €145 | €148 | €211 | €179 | €237 | ▲ 31.9% |
| Profit (loss) for the period9904 | €-13k | €-15k | €-10k | €-6k | €-2k | ▲ 55.5% |
| Transfer from tax-exempt reserves789 | - | €8k | €8k | €8k | €8k | = |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-7k | €-2k | €2k | €5k | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €558k | €516k | €481k | €447k | €419k | ▼ 6.3% |
| Fixed assets21/28 | €503k | €469k | €440k | €413k | €388k | ▼ 5.9% |
| Tangible fixed assets22/27 | €503k | €468k | €439k | €412k | €388k | ▼ 5.9% |
| Land and buildings22 | - | €468k | €439k | €412k | €388k | ▼ 5.8% |
| Furniture and vehicles24 | - | €185 | €37 | €464 | €247 | ▼ 46.8% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €55k | €48k | €41k | €34k | €30k | ▼ 11.1% |
| Cash at bank and in hand54/58 | €47k | €46k | €39k | €31k | €28k | ▼ 11.6% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €3k | €3k | ▼ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €558k | €516k | €481k | €447k | €419k | ▼ 6.3% |
| Equity10/15 | €297k | €282k | €272k | €267k | €264k | ▼ 0.9% |
| Contributions10/11 | - | €250k | €250k | €250k | €250k | = |
| Reserves13 | €198k | €190k | €182k | €146k | €138k | ▼ 5.4% |
| Non-distributable reserves130/1 | - | €29k | €29k | €0 | - | - |
| Reserves not available under the articles1311 | - | €29k | €29k | €0 | - | - |
| Tax-exempt reserves132 | - | €161k | €153k | €146k | €138k | ▼ 5.4% |
| Profit (loss) carried forward14 | €-151k | €-158k | €-160k | €-129k | €-124k | ▲ 4.2% |
| Provisions and deferred taxes16 | €87k | €83k | €79k | €75k | €71k | ▼ 5.4% |
| Deferred taxes168 | - | €83k | €79k | €75k | €71k | ▼ 5.4% |
| Amounts payable17/49 | €174k | €151k | €130k | €105k | €84k | ▼ 20.5% |
| Amounts payable within one year42/48 | €169k | €146k | €130k | €105k | €84k | ▼ 20.6% |
| Trade debts44 | €272 | €979 | €678 | €855 | €1k | ▲ 32.7% |
| Suppliers440/4 | - | €979 | €678 | €855 | €1k | ▲ 32.7% |
| Taxes, remuneration and social security45 | - | €2k | €211 | €179 | €237 | ▲ 31.9% |
| Taxes450/3 | - | €2k | €211 | €179 | €237 | ▲ 31.9% |
| Other amounts payable47/48 | - | €143k | €129k | €104k | €82k | ▼ 21.1% |
| Accrued charges and deferred income492/3 | - | €5k | €0 | - | €128 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-13k | €-15k | €-10k | €-6k | €-2k | ▲ 55.5% |
| + Depreciation and write-downs630 | €35k | €36k | €31k | €28k | €26k | ▼ 7.2% |
| Operating cash flow (approximation) | €22k | €21k | €21k | €22k | €23k | ▲ 4.9% |
| Investment in fixed assets (approximation) | - | €-2k | €-2k | €-652 | €-2k | ▼ 131% |
| Change in cash | - | €-935 | €-7k | €-7k | €-4k | ▲ 49.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
25-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-05
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Waregem · 1 establishment unit since 1987
Ground area
2,609 m²
Building footprint
471 m²
Volume, LiDAR
2,910 m³
2 parcels, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Brouwerijstraat 85, 8790 Waregem
since 19872.033.318.552
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0721/00F000 | Flanders | 1,947 m² | 1 · 370 m² | 11.0 m · 2 fl. |
| 34040C0239/05_000 | Flanders | 662 m² | 1 · 101 m² | 9.1 m · 2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded21-02-1987
Fiscal year end31-05
Scores and ratios are computed by Checked and are not a credit decision.