DEMAC
ActiveSummary
DEMAC has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172,716 and a net result of €15,666. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+26
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 5.48 against 2.14 in 2024; short-term debt: 18.3% and cash: 60.4% of total assets), and 18.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
81.1%
Return on assets
7.4%
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 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
39 d early
2023
44 d early
2022
26 d early
2021
42 d early
2020
1 d early
2019
25 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 31 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 22 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€172,716▲ 9.4%
2024 · €157,883
Total assets
€212,939▲ 10.4%
2024 · €192,830
Net result
€15,666
2024 · -€26,058
Working capital
€174,051▲ 460%
2024 · €31,094
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€13,020▼ 604%-€8,426▲ 35.3%€751-€19,471€54,511
Net result-€15,585below the sector's middle half▼ 98.9%-€13,767below the sector's middle half▲ 11.7%-€5,780below the sector's middle half▲ 58.0%-€26,058below the sector's middle half▼ 351%€15,666within the sector's middle half
Equity€205,921within the sector's middle half▼ 7.0%€191,354within the sector's middle half▼ 7.1%€184,774within the sector's middle half▼ 3.4%€157,883within the sector's middle half▼ 14.6%€172,716within the sector's middle half▲ 9.4%
Total assets€248,187below the sector's middle half▼ 14.8%€214,548below the sector's middle half▼ 13.6%€221,027below the sector's middle half▲ 3.0%€192,830below the sector's middle half▼ 12.8%€212,939within the sector's middle half▲ 10.4%
Debt€42,266▼ 39.3%€23,194▼ 45.1%€36,253▲ 56.3%€34,947▼ 3.6%€40,223▲ 15.1%
Working capital€19,291within the sector's middle half▲ 7.6%€30,170within the sector's middle half▲ 56.4%€31,317within the sector's middle half▲ 3.8%€31,094within the sector's middle half▼ 0.7%€174,051above the sector's middle half▲ 460%
Solvency83.0%above the sector's middle half▲ 6.9pp89.2%above the sector's middle half▲ 6.2pp83.6%above the sector's middle half▼ 5.6pp81.9%above the sector's middle half▼ 1.7pp81.1%above the sector's middle half▼ 0.8pp
Current ratio1.49within the sector's middle half▲ 0.172.33within the sector's middle half▲ 0.842.25within the sector's middle half▼ 0.082.14within the sector's middle half▼ 0.115.48above the sector's middle half▲ 3.34
Return on assets (ROA)-6.3%below the sector's middle half▼ 3.6pp-6.4%below the sector's middle half▼ 0.1pp-2.6%below the sector's middle half▲ 3.8pp-13.5%below the sector's middle half▼ 10.9pp7.4%within the sector's middle half▲ 20.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €54,511 after a loss of €19,471 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €212,939
Equity
€172,716 ▲ 9.4%
Debt
€40,223 ▲ 15.1%
Debt's share of the balance-sheet total rises from 18.1% to 18.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54,983▲
2024 · €10,674
Cash flow
€16,137▲
2024 · €4,087
Debt to equity
0.23▲
2024 · 0.22
ROE
9.1%▲
2024 · -16.5%
Interest coverage
28.24▲
2024 · 6.70
Debt ≤ 1 year
€38,887▲
2024 · €27,277
Income taxes
€38,505▲
2024 · €5,414
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11,454 | - | €68,508 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,602 | €27,602 | €29,167 | €30,145 | €472 | ▼ 98.4% |
| Other operating charges640/8 | - | €2,599 | €3,083 | €3,277 | €2,920 | ▼ 10.9% |
| Non-recurring operating charges66A | - | - | - | - | €4,482 | - |
| Gross operating margin9900 | €17,164 | €21,775 | €33,000 | €13,951 | €62,385 | ▲ 347% |
| Operating profit (loss)9901 | -€13,020 | -€8,426 | €751 | -€19,471 | €54,511 | ▲ 380% |
| Financial income75/76B | - | €322 | €363 | €421 | €1,607 | ▲ 282% |
| Recurring financial income75 | €853 | €322 | €363 | €421 | €1,607 | ▲ 282% |
| Financial charges65/66B | - | €803 | €909 | €1,594 | €1,947 | ▲ 22.1% |
| Recurring financial charges65 | €1,541 | €803 | €909 | €1,594 | €1,947 | ▲ 22.1% |
| Profit (loss) for the period before taxes9903 | -€13,707 | -€8,908 | €205 | -€20,644 | €54,170 | ▲ 362% |
| Income taxes67/77 | €1,878 | €4,859 | €5,985 | €5,414 | €38,505 | ▲ 611% |
| Profit (loss) for the period9904 | -€15,585 | -€13,767 | -€5,780 | -€26,058 | €15,666 | ▲ 160% |
| Transfer from tax-exempt reserves789 | - | €15,162 | €15,162 | €30,324 | €60,648 | ▲ 100.0% |
| Profit (loss) for the period to be appropriated9905 | -€423 | €1,395 | €9,382 | €4,266 | €76,314 | ▲ 1,689% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €248,187 | €214,548 | €221,027 | €192,830 | €212,939 | ▲ 10.4% |
| Fixed assets21/28 | €189,311 | €161,708 | €164,604 | €134,458 | - | - |
| Tangible fixed assets22/27 | €189,311 | €161,708 | €164,604 | €134,458 | - | - |
| Land and buildings22 | - | €40,063 | €34,339 | €28,616 | - | - |
| Plant, machinery and equipment23 | - | - | €15,100 | €11,947 | - | - |
| Furniture and vehicles24 | - | €14,483 | €23,311 | €17,351 | - | - |
| Other tangible fixed assets26 | - | €107,163 | €91,854 | €76,545 | - | - |
| Current assets29/58 | €58,876 | €52,840 | €56,423 | €58,372 | €212,939 | ▲ 265% |
| Amounts receivable within one year40/41 | €29,063 | €24,914 | €28,960 | €33,339 | €36,473 | ▲ 9.4% |
| Trade receivables40 | - | €5,532 | - | €14,046 | €17,180 | ▲ 22.3% |
| Other amounts receivable41 | - | €19,383 | €28,960 | €19,293 | €19,293 | = |
| Current investments50/53 | €23,752 | €23,752 | €23,752 | €23,752 | €47,752 | ▲ 101% |
| Cash at bank and in hand54/58 | €6,062 | €4,174 | €3,711 | €1,281 | €128,714 | ▲ 9,947% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €248,187 | €214,548 | €221,027 | €192,830 | €212,939 | ▲ 10.4% |
| Equity10/15 | €205,921 | €191,354 | €184,774 | €157,883 | €172,716 | ▲ 9.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €143,825 | €129,258 | €122,696 | €95,882 | €110,713 | ▲ 15.5% |
| Non-distributable reserves130/1 | - | €3,073 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €3,073 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €114,689 | €99,527 | €69,203 | €8,554 | ▼ 87.6% |
| Distributable reserves133 | - | €11,496 | €16,969 | €20,479 | €95,959 | ▲ 369% |
| Profit (loss) carried forward14 | €96 | €96 | €78 | €1 | €2 | ▲ 108% |
| Amounts payable17/49 | €42,266 | €23,194 | €36,253 | €34,947 | €40,223 | ▲ 15.1% |
| Amounts payable after more than one year17 | €1,692 | - | €10,629 | €6,930 | - | - |
| Financial debts170/4 | - | - | €10,629 | €6,930 | - | - |
| Amounts payable within one year42/48 | €39,585 | €22,670 | €25,107 | €27,277 | €38,887 | ▲ 42.6% |
| Current portion of amounts payable after more than one year42 | - | €1,692 | €3,519 | €3,699 | - | - |
| Trade debts44 | €8,251 | €5,124 | €2,562 | €5,021 | €5,916 | ▲ 17.8% |
| Suppliers440/4 | - | €5,124 | €2,562 | €5,021 | €5,916 | ▲ 17.8% |
| Taxes, remuneration and social security45 | - | €5,510 | €9,619 | €7,881 | €4,256 | ▼ 46.0% |
| Taxes450/3 | - | €5,510 | €9,619 | €7,881 | €4,256 | ▼ 46.0% |
| Other amounts payable47/48 | - | €10,345 | €9,407 | €10,677 | €28,716 | ▲ 169% |
| Accrued charges and deferred income492/3 | - | €524 | €517 | €740 | €1,336 | ▲ 80.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,585 | -€13,767 | -€5,780 | -€26,058 | €15,666 | ▲ 160% |
| + Depreciation and write-downs630 | €27,602 | €27,602 | €29,167 | €30,145 | €472 | ▼ 98.4% |
| Operating cash flow (approximation) | €12,017 | €13,836 | €23,386 | €4,087 | €16,137 | ▲ 295% |
| Investment in fixed assets (approximation) | - | €0 | -€32,062 | €0 | - | - |
| Change in cash | - | -€1,888 | -€463 | -€2,430 | €127,433 | ▲ 5,345% |
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
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €15,666
Net result €15,666 after 6 loss-making years.
30-06
Financial
Liquidity triplescurrent ratio 5.48
Current ratio from 2.14 to 5.48.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€26,058
Net result drops to -€26,058, the lowest in the series; recovery starts the following year.
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
25-12
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 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Harelbeke · 1 establishment unit since 1989
Ground area
248 m²
Building footprint
248 m²
Volume, LiDAR
4,106 m³
Parcel 34013A0399/00P000, Flanders · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DEMAC NV
since 19892.042.664.996
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A0399/00P000 | Flanders | 248 m² | 1 · 248 m² | 19.6 m · 5 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
BUREAU JOS MOONS
BE 0449.538.976
Bornem · Eq €172,716
SolUtude
BE 0870.364.073
Hooglede · Eq €172,705
CAPACITIES
BE 0811.725.989
Edegem · Eq €172,684
DAMANI
BE 0765.779.960
Knokke-Heist · Eq €172,671
DETOX PHARMA
BE 0722.889.827
Ath · Eq €172,767
Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,679 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-03-1989
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
27900Manufacture of electrical equipment
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436931550
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.