Summary
DEMACON is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €14.10M and a net result of €1.19M. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 89% of 2394 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 27-09-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
36 d early
2023
42 d early
2022
42 d early
2021
39 d early
2020
36 d early
2019
35 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Equity
€14.10M▲ 9.2%
2024 · €12.91M
2019: €6.78M
2020: €7.31M
2021: €8.10M
2022: €8.71M
2023: €9.28M
2024: €12.91M
2019 → 2025
Net result
€1.19M▼ 67.2%
2024 · €3.63M
2019: €514k
2020: €531k
2021: €774k
2022: €612k
2023: €575k
2024: €3.63M
2019 → 2025
Total assets
€14.45M▼ 0.3%
2024 · €14.50M
2019: €9.45M
2020: €10.06M
2021: €10.51M
2022: €11.11M
2023: €11.48M
2024: €14.50M
2019 → 2025
Solvency
97.6%▲ 8.5pp
2024 · 89.1%
2019: 71.7%
2020: 72.7%
2021: 77.0%
2022: 78.4%
2023: 80.9%
2024: 89.1%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.03M-€1.04M▲ 1.1%€1.04M▲ 0.2%€1.14M▲ 9.9%€1.26M▲ 10.6%
Equity€8.10M-€8.71M▲ 7.6%€9.28M▲ 6.6%€12.91M▲ 39.1%€14.10M▲ 9.2%
Operating result€1.10M-€862k▼ 21.4%€849k▼ 1.5%€882k▲ 3.9%€757k▼ 14.2%
Net result€774k-€612k▼ 20.9%€575k▼ 6.0%€3.63M▲ 531%€1.19M▼ 67.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.45M
Fixed assets
€13.30M ▼ 5.3%
Current assets
€1.15M ▲ 160%
Equity and liabilities €14.45M
Equity
€14.10M ▲ 9.2%
Provisions
€112k ▼ 5.0%
Debt
€235k ▼ 84.0%
Debt's share of the balance-sheet total falls from 10.1% to 1.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
8.4%▼
2024 · 28.1%
ROA
8.2%▼
2024 · 25.0%
Debt ≤ 1 year
€224k▼
2024 · €368k
Debt > 1 year
€0▼
2024 · €1.06M
Income taxes
€191k▼
2024 · €216k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 71 lines
Balance sheet
Code20242025
Assets
Total assets20/58€14.50M€14.45M▼
Fixed assets21/28€14.05M€13.30M▼
Tangible fixed assets22/27€2.19M€2.12M▼
Land and buildings22€1.55M€1.49M▼
Plant, machinery and equipment23€548k€553k▲
Furniture and vehicles24€90k€75k▼
Financial fixed assets28€11.87M€11.18M▼
Affiliated companies280/1€11.18M€11.16M▼
Participating interests280€11.18M€11.16M▼
Amounts receivable281€2k€0▼
Companies linked by participating interests282/3€688k€21k▼
Participating interests282€667k€20k▼
Amounts receivable283€21k€959▼
Current assets29/58€442k€1.15M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41-€461k
Other amounts receivable41-€461k
Current investments50/53€0-
Other investments51/53€0-
Cash at bank and in hand54/58€430k€669k▲
Deferred charges and accrued income490/1€11k€16k▲
Equity and liabilities
Total equity and liabilities10/49€14.50M€14.45M▼
Equity10/15€12.91M€14.10M▲
Contributions10/11€750k€750k=
Reserves13€2.29M€2.28M▼
Tax-exempt reserves132€354k€336k▼
Distributable reserves133€1.94M€1.94M=
Profit (loss) carried forward14€9.87M€11.08M▲
Provisions and deferred taxes16€118k€112k▼
Deferred taxes168€118k€112k▼
Amounts payable17/49€1.47M€235k▼
Amounts payable after more than one year17€1.06M€0▼
Financial debts170/4€10k€0▼
Credit institutions173€10k€0▼
Other amounts payable178/9€1.05M€0▼
Amounts payable within one year42/48€368k€224k▼
Current portion of amounts payable after more than one year42€93k€43k▼
Trade debts44€136k€13k▼
Suppliers440/4€136k€13k▼
Taxes, remuneration and social security45€55k€74k▲
Taxes450/3€55k€70k▲
Remuneration and social security454/9€0€3k▲
Other amounts payable47/48€83k€94k▲
Accrued charges and deferred income492/3€38k€11k▼
Income statement
Code20242025
Operating income70/76A€1.19M€1.34M▲
Turnover70€1.14M€1.26M▲
Other operating income74€53k€78k▲
Operating charges60/66A€313k€584k▲
Services and other goods61€191k€451k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107k€119k▲
Other operating charges640/8€15k€14k▼
Operating profit (loss)9901€882k€757k▼
Financial income75/76B€3.02M€668k▼
Recurring financial income75€3.02M€515k▼
Income from financial fixed assets750€3.01M€507k▼
Other financial income752/9€5k€7k▲
Non-recurring financial income76B-€153k
Financial charges65/66B€61k€49k▼
Recurring financial charges65€61k€31k▼
Debt charges650€59k€29k▼
Other financial charges652/9€2k€2k▲
Non-recurring financial charges66B-€18k
Profit (loss) for the period before taxes9903€3.84M€1.38M▼
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€216k€191k▼
Taxes670/3€216k€191k▼
Profit (loss) for the period9904€3.63M€1.19M▼
Transfer from tax-exempt reserves789€18k€18k=
Profit (loss) for the period to be appropriated9905€3.65M€1.21M▼
Appropriation of the result
Profit (loss) to be appropriated9906€9.87M€11.08M▲
Profit (loss) brought forward from the previous period14P€6.22M€9.87M▲
The notes to these accounts (56 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Liquidity quadruplescurrent ratio 5.11
Current ratio from 1.20 to 5.11; short-term debt falls from €368k to €224k.
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Highest result since 2019net €3.63M ▲531%
Net result €3.63M, the highest in the series.
31-03
Financial
Equity above €10MEq €12.91M ▲39.1%
6 profitable years in a row build equity to €12.91M.
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Liquidity triplescurrent ratio 2.92
Current ratio from 1.04 to 2.92; short-term debt falls from €494k to €182k.
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Liquidity times 5current ratio 1.04
Current ratio from 0.20 to 1.04; short-term debt falls from €1.17M to €494k.
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
29-09
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.
Directors · office · real estate
Directors
7 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 · 2 establishment units since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ruitersdreef 38790 WaregemGround area
5,776 m²
Building footprint
1,939 m²
Volume, LiDAR
9,814 m³
2 parcels, Flanders · tallest building 36.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
DEMACON
since 19932.102.885.170
DEMACON
since 20232.350.280.009
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0753/00L000 | Flanders | 3,996 m² | 1 · 351 m² | 7.8 m · 2 fl. |
| 34040C1401/00Z002 | Flanders | 1,780 m² | 1 · 1,588 m² | 36.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 720 EUR awarded · 720 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 720 EUR | 720 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 5,103 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-1992
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
41003General construction of other non-residential buildings
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Agenda
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)Benoemingen. Divers. (AOPC11005325/ 09.09) (33375) G.B.V., naamloze vennootschap, F. Rooseveltlaan 5, 9000 Gent Ondernemingsnummer 0415.356.473 Algemene vergadering ter zetel op 24/09/2010, om 9 u. 30 m. Agenda : Jaarverslag. Goedkeuring jaarrekening. Bestemming resul- taat. Kwijting bestuurders. Divers. (AOPC1-10-05330/ 09.09) (33376) CECO, commanditaire vennootschap op aandelen, Hoogstraat 26, 8700 Tielt 0464.446.094 RPR Brugge Jaarvergadering op 02/10/2010 om 10 u. op de zetel. Agenda : Goedkeuring jaarrekening per 30 juni 2010. Bestemming resultaat. Kwijting bestuurders. Varia. Zich richten naar de st ...