DEMA
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-08-2022, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
30 d late
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 31 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€121,903▼ 3.5%
2020 · €126,369
Total assets
€427,661▼ 2.5%
2020 · €438,757
Net result
-€4,466
2020 · €5,415
Working capital
-€96,201▼ 4.9%
2020 · -€91,735
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
Line2018201920202021
Operating result€732-€26,622▲ 3,538%€7,344▼ 72.4%-€729
Net result€223-€26,148▲ 11,605%€5,415▼ 79.3%-€4,466
Equity€94,807-€120,955▲ 27.6%€126,369▲ 4.5%€121,903▼ 3.5%
Total assets€276,339-€325,733▲ 17.9%€438,757▲ 34.7%€427,661▼ 2.5%
Debt€181,532-€204,778▲ 12.8%€312,388▲ 52.5%€305,758▼ 2.1%
Working capital-€123,297--€97,149▲ 21.2%-€91,735▲ 5.6%-€96,201▼ 4.9%
Staff (FTE)4.2-1▼ 76.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €729 after €7,344 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €427,661
Fixed assets
€218,104 =
Current assets
€209,557 ▼ 5.0%
Equity and liabilities €427,661
Equity
€121,903 ▼ 3.5%
Debt
€305,758 ▼ 2.1%
Debt's share of the balance-sheet total rises from 71.2% to 71.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.69▼
2020 · 0.71
Quick ratio
0.37▼
2020 · 0.40
Debt to equity
2.51
ROE
-3.7%▼
2020 · 4.3%
ROA
-1.0%▼
2020 · 1.2%
Debt ≤ 1 year
€305,758▼
2020 · €312,388
Income taxes
€3,500▲
2020 · €1,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €101 | - |
| Gross operating margin9900 | €191,689 | €38,379 | €7,792 | -€628 | ▼ 108% |
| Operating profit (loss)9901 | €732 | €26,622 | €7,344 | -€729 | ▼ 110% |
| Financial charges65/66B | - | - | - | €237 | - |
| Recurring financial charges65 | €508 | €474 | €430 | €237 | ▼ 44.9% |
| Profit (loss) for the period before taxes9903 | €223 | €26,148 | €6,915 | -€966 | ▼ 114% |
| Income taxes67/77 | - | - | €1,500 | €3,500 | ▲ 133% |
| Profit (loss) for the period9904 | €223 | €26,148 | €5,415 | -€4,466 | ▼ 182% |
| Profit (loss) for the period to be appropriated9905 | €223 | €26,148 | €5,415 | -€4,466 | ▼ 182% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €276,339 | €325,733 | €438,757 | €427,661 | ▼ 2.5% |
| Fixed assets21/28 | €218,104 | €218,104 | €218,104 | €218,104 | = |
| Financial fixed assets28 | €218,104 | €218,104 | €218,104 | €218,104 | = |
| Current assets29/58 | €58,235 | €107,629 | €220,653 | €209,557 | ▼ 5.0% |
| Stocks and contracts in progress3 | €52,000 | €96,000 | €96,000 | €96,000 | = |
| Stocks30/36 | - | - | - | €96,000 | - |
| Amounts receivable within one year40/41 | €3,000 | €11,205 | €117,294 | €113,490 | ▼ 3.2% |
| Trade receivables40 | - | - | - | €8,072 | - |
| Other amounts receivable41 | - | - | - | €105,418 | - |
| Cash at bank and in hand54/58 | €3,235 | €424 | €7,360 | €67 | ▼ 99.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €276,339 | €325,733 | €438,757 | €427,661 | ▼ 2.5% |
| Equity10/15 | €94,807 | €120,955 | €126,369 | €121,903 | ▼ 3.5% |
| Contributions10/11 | €150,000 | €150,000 | - | €150,000 | - |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | - |
| Profit (loss) carried forward14 | -€57,193 | -€31,045 | -€25,631 | -€30,097 | ▼ 17.4% |
| Amounts payable17/49 | €181,532 | €204,778 | €312,388 | €305,758 | ▼ 2.1% |
| Amounts payable within one year42/48 | €181,532 | €204,778 | €312,388 | €305,758 | ▼ 2.1% |
| Financial debts43 | - | - | - | €86 | - |
| Credit institutions430/8 | - | - | - | €86 | - |
| Trade debts44 | €49,900 | €66,495 | €172,238 | €172,706 | ▲ 0.3% |
| Suppliers440/4 | - | - | - | €172,706 | - |
| Advances received on contracts in progress46 | - | - | - | €8,072 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,088 | - |
| Taxes450/3 | - | - | - | €3,088 | - |
| Other amounts payable47/48 | - | - | - | €121,807 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €223 | €26,148 | €5,415 | -€4,466 | ▼ 182% |
| Operating cash flow (approximation) | €223 | €26,148 | €5,415 | -€4,466 | ▼ 182% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€2,811 | €6,936 | -€7,293 | ▼ 205% |
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
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€4,466
Net result drops to -€4,466, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
31-12
Financial
Highest result since 2018net €26,148 ▲11,605%
Operating result €26,622, net result €26,148, both a record.
31-12
Financial
Equity above €100,000Eq €120,955 ▲27.6%
2 profitable years in a row build equity to €120,955.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
04-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
16-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
05-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
45.07%
According to the 2021 annual accounts of DEMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.