DEMAD
ActiveSummary
DEMAD has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €163,012 and a net result of -€9,893. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 48% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-53
Solvency78▼-22
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.69 against 6.92 in 2024; short-term debt: 46.5% and cash: 12.6% of total assets), and 46.5% 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 · 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
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
53.5%
Return on assets
-3.2%
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 08-01-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
43 d early
2023
64 d early
2022
57 d early
2021
45 d early
2020
33 d early
2019
35 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 43 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 17 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 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€163,012▼ 44.6%
2024 · €294,323
Total assets
€304,854▼ 7.9%
2024 · €330,957
Net result
-€9,893▼ 775%
2024 · -€1,131
Working capital
€98,528▼ 54.5%
2024 · €216,741
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,423€128,725-€17,568-€1,399▲ 92.0%-€10,349▼ 640%
Net result-€6,276below the sector's middle half€87,890above the sector's middle half-€5,739below the sector's middle half-€1,131below the sector's middle half▲ 80.3%-€9,893below the sector's middle half▼ 775%
Equity€297,171above the sector's middle half▼ 2.1%€360,700above the sector's middle half▲ 21.4%€295,454above the sector's middle half▼ 18.1%€294,323above the sector's middle half▼ 0.4%€163,012within the sector's middle half▼ 44.6%
Total assets€329,946within the sector's middle half▼ 3.6%€403,120within the sector's middle half▲ 22.2%€333,009within the sector's middle half▼ 17.4%€330,957within the sector's middle half▼ 0.6%€304,854within the sector's middle half▼ 7.9%
Debt€32,775▼ 15.4%€1,303▼ 96.0%€37,555▲ 2,783%€36,633▼ 2.5%€141,843▲ 287%
Working capital€132,812within the sector's middle half▼ 4.1%€314,884above the sector's middle half▲ 137%€214,632above the sector's middle half▼ 31.8%€216,741above the sector's middle half▲ 1.0%€98,528within the sector's middle half▼ 54.5%
Solvency90.1%above the sector's middle half▲ 1.4pp89.5%above the sector's middle half▼ 0.6pp88.7%above the sector's middle half▼ 0.8pp88.9%above the sector's middle half▲ 0.2pp53.5%within the sector's middle half▼ 35.5pp
Current ratio5.27above the sector's middle half▼ 0.846.88above the sector's middle half6.92above the sector's middle half▲ 0.031.69within the sector's middle half▼ 5.22
Return on assets (ROA)-1.9%below the sector's middle half▼ 9.9pp21.8%within the sector's middle half▲ 23.7pp-1.7%below the sector's middle half▼ 23.5pp-0.3%below the sector's middle half▲ 1.4pp-3.2%below the sector's middle half▼ 2.9pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,349 in 2025 against €1,399 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €304,854
Fixed assets
€64,484 ▼ 16.9%
Current assets
€240,371 ▼ 5.1%
Equity and liabilities €304,854
Equity
€163,012 ▼ 44.6%
Debt
€141,843 ▲ 287%
Debt's share of the balance-sheet total rises from 11.1% to 46.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,250▼
2024 · €2,916
Cash flow
-€6,794▼
2024 · €3,184
Quick ratio
0.63▼
2024 · 2.81
Debt to equity
0.87▲
2024 · 0.12
ROE
-6.1%▼
2024 · -0.4%
Interest coverage
-166.67▼
2024 · 74.77
Debt ≤ 1 year
€141,843▲
2024 · €36,633
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% 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 497,340 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% | 1.8% |
| 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 12,321 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 | - | - | - | €12,500 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,905 | €6,579 | €5,036 | €4,315 | €3,099 | ▼ 28.2% |
| Other operating charges640/8 | - | €1,341 | €1,063 | €1,101 | €1,141 | ▲ 3.6% |
| Gross operating margin9900 | €4,878 | €136,644 | -€11,470 | €4,018 | -€6,109 | ▼ 252% |
| Operating profit (loss)9901 | -€5,423 | €128,725 | -€17,568 | -€1,399 | -€10,349 | ▼ 640% |
| Financial income75/76B | - | €500 | €505 | €500 | €500 | = |
| Recurring financial income75 | €507 | €500 | €505 | €500 | €500 | = |
| Financial charges65/66B | - | €217 | €1,114 | €39 | €44 | ▲ 11.5% |
| Recurring financial charges65 | €1,204 | €217 | €1,114 | €39 | €44 | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | -€6,121 | €129,008 | -€18,178 | -€938 | -€9,893 | ▼ 955% |
| Transfer from deferred taxes780 | - | - | €41,118 | - | - | - |
| Transfer to deferred taxes680 | - | €41,118 | - | - | - | - |
| Income taxes67/77 | €156 | - | €28,679 | €194 | - | - |
| Profit (loss) for the period9904 | -€6,276 | €87,890 | -€5,739 | -€1,131 | -€9,893 | ▼ 775% |
| Transfer from tax-exempt reserves789 | - | - | €123,353 | - | - | - |
| Transfer to tax-exempt reserves689 | - | €123,353 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€6,276 | -€35,462 | €117,614 | -€1,131 | -€9,893 | ▼ 775% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €329,946 | €403,120 | €333,009 | €330,957 | €304,854 | ▼ 7.9% |
| Fixed assets21/28 | €166,041 | €86,933 | €81,897 | €77,583 | €64,484 | ▼ 16.9% |
| Tangible fixed assets22/27 | €106,041 | €26,933 | €21,897 | €17,583 | €14,484 | ▼ 17.6% |
| Land and buildings22 | - | €25,477 | €21,027 | €17,298 | €14,484 | ▼ 16.3% |
| Plant, machinery and equipment23 | - | €1,456 | €870 | €284 | - | - |
| Financial fixed assets28 | €60,000 | €60,000 | €60,000 | €60,000 | €50,000 | ▼ 16.7% |
| Current assets29/58 | €163,905 | €316,187 | €251,112 | €253,374 | €240,371 | ▼ 5.1% |
| Stocks and contracts in progress3 | €150,370 | €150,370 | €150,370 | €150,370 | €150,370 | = |
| Stocks30/36 | - | €150,370 | €150,370 | €150,370 | €150,370 | = |
| Amounts receivable within one year40/41 | €5,595 | €46,162 | €47,857 | €47,672 | €47,791 | ▲ 0.3% |
| Trade receivables40 | - | - | - | €546 | €39 | ▼ 92.9% |
| Other amounts receivable41 | - | €46,162 | €47,857 | €47,126 | €47,752 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €4,976 | €117,174 | €49,306 | €51,947 | €38,316 | ▼ 26.2% |
| Deferred charges and accrued income490/1 | - | €2,481 | €3,579 | €3,386 | €3,894 | ▲ 15.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €329,946 | €403,120 | €333,009 | €330,957 | €304,854 | ▼ 7.9% |
| Equity10/15 | €297,171 | €360,700 | €295,454 | €294,323 | €163,012 | ▼ 44.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €278,571 | €377,562 | €194,703 | €194,703 | €144,412 | ▼ 25.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €123,353 | - | - | - | - |
| Distributable reserves133 | - | €252,349 | €192,843 | €192,843 | €142,552 | ▼ 26.1% |
| Profit (loss) carried forward14 | - | -€35,462 | €82,151 | €81,020 | - | - |
| Provisions and deferred taxes16 | - | €41,118 | - | - | - | - |
| Deferred taxes168 | - | €41,118 | - | - | - | - |
| Amounts payable17/49 | €32,775 | €1,303 | €37,555 | €36,633 | €141,843 | ▲ 287% |
| Amounts payable within one year42/48 | €31,093 | €1,303 | €36,480 | €36,633 | €141,843 | ▲ 287% |
| Trade debts44 | €991 | €1,303 | €876 | €911 | €966 | ▲ 6.0% |
| Suppliers440/4 | - | €1,303 | €876 | €911 | €966 | ▲ 6.0% |
| Taxes, remuneration and social security45 | - | - | - | €194 | - | - |
| Taxes450/3 | - | - | - | €194 | - | - |
| Other amounts payable47/48 | - | - | €35,604 | €35,529 | €140,877 | ▲ 297% |
| Accrued charges and deferred income492/3 | - | - | €1,075 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,276 | €87,890 | -€5,739 | -€1,131 | -€9,893 | ▼ 775% |
| + Depreciation and write-downs630 | €8,905 | €6,579 | €5,036 | €4,315 | €3,099 | ▼ 28.2% |
| Operating cash flow (approximation) | €2,629 | €94,469 | -€704 | €3,184 | -€6,794 | ▼ 313% |
| Investment in fixed assets (approximation) | - | €72,530 | €0 | €0 | €10,000 | - |
| Change in cash | - | €112,198 | -€67,868 | €2,640 | -€13,631 | ▼ 616% |
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
2026
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€9,893
Net result drops to -€9,893, the lowest in the series.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €87,890
Net result €87,890 after one loss-making year.
30-06
Financial
Liquidity times 46current ratio 242.75
Current ratio from 5.27 to 242.75; short-term debt falls from €31,093 to €1,303.
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 6.11
Current ratio from 2.96 to 6.11; short-term debt falls from €58,869 to €27,093.
2019
27-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-01
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
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 1996
Ground area
242 m²
Building footprint
144 m²
Volume, LiDAR
765 m³
Parcel 34012C0420/00S004, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEMAD
since 19962.075.485.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012C0420/00S004 | Flanders | 242 m² | 1 · 143 m² | 7.7 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2024 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the annual accounts to 30-06-2024 of DEMAD 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.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 40,776 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-02-1996
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457237412
Also
9925:BE0457237412
Registered
25-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.