Checked.be
Active
BE 0723.450.645Private limited company
Dema
Driesdreef 10 ·9030 Gent, Belgium· 7 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
Dema has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €193k and a net result of €34k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 37978 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €193k |
| Net result | €34k |
| Better than sector | 16% |
| Active | 7 yrs |
Financial profile
61
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
56
Profitability
88
Solvency
11
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
56
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€11k
estimate, not credit advice
Score history
63
2021
71
2022
41
2023
56
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.62 (< 1.0)
-10
Leverage
Debt/equity 6.95 (> 3.0)
-10
Profitability
ROE 18% (≥ 10%)
+10
Interest coverage
Interest coverage 3.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-07-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~15.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 12.6% | 58.2% | |
| Net result | €34k | €26k | |
| Equity | €193k | €90k | |
| Gross operating margin | €165k | €52k | |
| Total assets | €1.53M | €189k |
€159k
+26.1%
21-24
€34k
+9967.2%
21-24
€93k
-1.9%
21-24
€1.53M
-3.3%
21-24
€193k
+21.5%
21-24
€-39k
-281.2%
21-24
€18k
+862.6%
21-24
€1.34M
-6.0%
21-24
€103k
+53.8%
21-24
€1.24M
-9.0%
21-24
0.62
-26.9%
21-24
0.62
-26.9%
21-24
12.6%
+25.6%
21-24
6.95
-22.7%
21-24
17.7%
+8186.4%
21-24
2.2%
+10309.4%
21-24
3.32
-24.0%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | abbreviated schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €159k | €126k | €66k | €64k |
| Net profit | €34k | €339 | €38k | €37k |
| Cash flow | €93k | €95k | €47k | €44k |
| Staff costs | - | - | - | - |
| Income taxes | €18k | €2k | €18k | €19k |
| Dividends | - | - | - | - |
| Total assets | €1.53M | €1.59M | €202k | €225k |
| Equity | €193k | €159k | €158k | €120k |
| Debt | €1.34M | €1.43M | €43k | €104k |
| of which ≤ 1y | €103k | €67k | €43k | €57k |
| of which > 1y | €1.24M | €1.36M | - | €48k |
| Working capital | €-39k | €-10k | €-43k | €-42k |
| Employees (FTE) | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.62 | 0.85 | 0.01 | 0.25 |
| Quick ratio | 0.62 | 0.85 | 0.01 | 0.25 |
| Working capital ratio | -2.6% | -0.7% | -21.2% | -18.8% |
| Solvency | 12.6% | 10.0% | 78.5% | 53.5% |
| Debt / equity | 6.95 | 8.99 | 0.27 | 0.87 |
| Long-term debt ratio | 6.42 | 8.57 | - | 0.40 |
| Interest coverage | 3.32 | 4.37 | 92.73 | 48.53 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 2.2% | 0.0% | 18.9% | 16.3% |
| ROE | 17.7% | 0.2% | 24.0% | 30.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.53M | €1.59M | €202k | €225k |
| Fixed assets | 21/28 | €1.47M | €1.53M | €201k | €211k |
| Tangible fixed assets | 22/27 | €1.29M | €1.35M | €21k | €31k |
| Financial fixed assets | 28 | €180k | €180k | €180k | €180k |
| Current assets | 29/58 | €64k | €57k | €619 | €14k |
| Amounts receivable within one year | 40/41 | - | €22k | - | €7k |
| Cash & bank | 54/58 | €63k | €35k | €348 | €7k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.53M | €1.59M | €202k | €225k |
| Equity | 10/15 | €193k | €159k | €158k | €120k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €187k | €153k | €152k | €114k |
| Amounts payable | 17/49 | €1.34M | €1.43M | €43k | €104k |
| Amounts payable after one year | 17 | €1.24M | €1.36M | - | €48k |
| Amounts payable within one year | 42/48 | €103k | €67k | €43k | €57k |
| Trade debts payable within one year | 44 | €339 | €517 | €15k | - |
| Income statement | |||||
| Gross operating margin | 9900 | €165k | €132k | €68k | €64k |
| Operating result | 9901 | €99k | €31k | €57k | €57k |
| Financial charges | 65 | €48k | €29k | €715 | €1k |
| Result before taxes | 9903 | €52k | €2k | €56k | €55k |
| Income taxes | 67/77 | €18k | €2k | €18k | €19k |
| Net result for the period | 9904 | €34k | €339 | €38k | €37k |
| Result to be appropriated | 9905 | €34k | €339 | €38k | €37k |
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 21-03-2019 |
| Status | Active |
| Postal code | 9030 |
Establishment units
Dema
since 20192.286.967.416
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017A1212/00K002 | Flanders | 612 m² | 1 · 128 m² | 7.9 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Weakest financial yearnet €339 ▼99.1%
Net result drops to €339, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
31-12
Financial
Highest result since 2021net €38k ▲4.1%
Net result €38k, the highest in the series.
31-12
Financial
Equity above €150kEq €158k ▲31.6%
2 profitable years in a row build equity to €158k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Business and other management consultancy70200Business consulting70220Activities auxiliary to financial services and insurance activities66300Renting and operating of own or leased non-residential real estate, excluding land68203
Names & trade names
| Legal nameNL | Dema |
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