DEMAIL

Active

Private limited companyfounded 199431 yrs activeRésidence des Agasses (Jem. II) 78, 7012 Mons, BelgiumKBO/BCE: BE 0454.012.161

Summary

DEMAIL has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153,082 and a net result of €6,320. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 64% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysis Watch Report Compare

DEMAILActiveChecked score 71/100

Risk analysis Report Compare

Checked score

Score 2025

71 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability72▼-5

Solvency85▲+9

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €10,000 at 30 days acceptable

Liquidity short (current ratio 0.78 against 0.92 in 2024; short-term debt: 22.8% and cash: 9.4% of total assets), and 40.4% 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

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Specialised construction activities (NACE 43)

about 85% more bankruptcies

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

59.6%

Return on assets

2.5%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filings

Deviation from the deadline

2025

31 d late

2024

32 d late

2023

20 d late

2022

24 d late

2021

26 d late

2020

12 d late

2019

12 d late

← 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 22 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 August (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

28-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 23 December 1994, DEMAIL was incorporated.¹ Total assets went from EUR 661,568 in 2018 to EUR 257,017 in 2025 and headcount from 7 full-time equivalents in 2018 to 2.6 in 2024.²

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Financials · fiscal year 2025, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€6,320▼ 66.0%

2024 · €18,578

Working capital

-€13,188▼ 134%

2024 · -€5,631

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€381€11,754▲ 2,988%€14,278▲ 21.5%€28,130▲ 97.0%€10,653▼ 62.1%

Net result-€3,495▼ 60.4%€6,335€8,417▲ 32.9%€18,578▲ 121%€6,320▼ 66.0%

Equity€113,431▼ 3.0%€119,767▲ 5.6%€128,184▲ 7.0%€146,762▲ 14.5%€153,082▲ 4.3%

Total assets€484,076▼ 18.5%€450,346▼ 7.0%€347,428▼ 22.9%€288,613▼ 16.9%€257,017▼ 10.9%

Debt€370,645▼ 22.3%€330,579▼ 10.8%€219,244▼ 33.7%€141,851▼ 35.3%€103,935▼ 26.7%

Working capital€39,546▼ 23.0%€43,296▲ 9.5%€42,452▼ 1.9%-€5,631-€13,188▼ 134%

Solvency23.4%▲ 3.7pp26.6%▲ 3.2pp36.9%▲ 10.3pp50.9%▲ 14.0pp59.6%▲ 8.7pp

Current ratio1.24▲ 0.031.28▲ 0.041.57▲ 0.290.92▼ 0.640.78▼ 0.15

Return on assets (ROA)-0.7%▼ 0.4pp1.4%▲ 2.1pp2.4%▲ 1.0pp6.4%▲ 4.0pp2.5%▼ 4.0pp

Staff (FTE)3.2▼ 11.1%2.6▼ 18.8%2▼ 23.1%2.6▲ 30.0%

above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 62% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €257,017

82.3%

17.7%

Fixed assets €211,492 ▼ 4.2%

Current assets €45,525 ▼ 32.8%

Equity and liabilities €257,017

59.6%

40.4%

Equity €153,082 ▲ 4.3%

Debt €103,935 ▼ 26.7%

Debt's share of the balance-sheet total falls from 49.1% to 40.4%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€34,595▼

2024 · €50,785

Cash flow

€30,262▼

2024 · €41,233

Quick ratio

0.48▼

2024 · 0.55

Debt to equity

0.68▼

2024 · 0.97

ROE

4.1%▼

2024 · 12.7%

Interest coverage

26.00▼

2024 · 48.19

Debt ≤ 1 year

€58,713▼

2024 · €73,386

Debt > 1 year

€45,222▼

2024 · €68,366

Income taxes

€3,002▼

2024 · €8,823

Staff costs

€660▼

2024 · €115,527

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

Micro
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

0.5% went bankrupt

4.9% stopped otherwise

94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.7%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines

Balance sheet Code20242025

Assets

Total assets20/58€288,613€257,017▼

Fixed assets21/28€220,857€211,492▼

Tangible fixed assets22/27€220,494€211,492▼

Land and buildings22€220,494€211,492▼

Financial fixed assets28€363€0▼

Current assets29/58€67,755€45,525▼

Stocks and contracts in progress3€27,244€17,373▼

Stocks30/36€27,244€17,373▼

Amounts receivable within one year40/41€20,124€2,826▼

Trade receivables40€11,868€0▼

Other amounts receivable41€8,257€2,826▼

Cash at bank and in hand54/58€17,772€24,087▲

Deferred charges and accrued income490/1€2,615€1,239▼

Equity and liabilities

Total equity and liabilities10/49€288,613€257,017▼

Equity10/15€146,762€153,082▲

Contributions10/11€43,381€43,381=

Revaluation surpluses12€67,881€67,881=

Reserves13€1,593€1,593=

Distributable reserves133€1,593€1,593=

Profit (loss) carried forward14€33,906€40,226▲

Amounts payable17/49€141,851€103,935▼

Amounts payable after more than one year17€68,366€45,222▼

Financial debts170/4€23,144-

Other amounts payable178/9€45,222€45,222=

Amounts payable within one year42/48€73,386€58,713▼

Current portion of amounts payable after more than one year42€30,693€23,144▼

Financial debts43€3,182€3,173▼

Other loans439€3,182€3,173▼

Trade debts44€14,389€23,242▲

Suppliers440/4€14,389€23,242▲

Taxes, remuneration and social security45€19,211€5,324▼

Taxes450/3€10,953€5,324▼

Remuneration and social security454/9€8,258-

Other amounts payable47/48€5,912€3,831▼

Accrued charges and deferred income492/3€99-

Income statement Code20242025

Remuneration, social security and pensions62€115,527€660▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,655€23,942▲

Other operating charges640/8€7,730€8,083▲

Gross operating margin9900€174,041€43,338▼

Operating profit (loss)9901€28,130€10,653▼

Financial income75/76B€325€0▼

Recurring financial income75€325€0▼

Financial charges65/66B€1,054€1,331▲

Recurring financial charges65€1,054€1,331▲

Profit (loss) for the period before taxes9903€27,401€9,322▼

Income taxes67/77€8,823€3,002▼

Profit (loss) for the period9904€18,578€6,320▼

Profit (loss) for the period to be appropriated9905€18,578€6,320▼

Appropriation of the result

Profit (loss) to be appropriated9906€33,906€40,226▲

Profit (loss) brought forward from the previous period14P€15,328€33,906▲

Transfer from equity791/2€1,593-

Transfer to equity691/2€1,593-

To other reserves6921€1,593-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	€152,289	€108,262	€85,291	€115,527	€660	▼ 99.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€31,606	€27,733	€22,744	€22,655	€23,942	▲ 5.7%
Other operating charges640/8	€8,599	€6,373	€8,024	€7,730	€8,083	▲ 4.6%
Gross operating margin9900	€192,876	€154,122	€130,337	€174,041	€43,338	▼ 75.1%
Operating profit (loss)9901	€381	€11,754	€14,278	€28,130	€10,653	▼ 62.1%
Financial income75/76B	-	-	€10	€325	€0	▼ 100%
Recurring financial income75	-	-	€10	€325	€0	▼ 100%
Financial charges65/66B	€3,390	€1,555	€1,391	€1,054	€1,331	▲ 26.3%
Recurring financial charges65	€3,390	€1,555	€1,391	€1,054	€1,331	▲ 26.3%
Profit (loss) for the period before taxes9903	-€3,009	€10,198	€12,897	€27,401	€9,322	▼ 66.0%
Income taxes67/77	€486	€3,863	€4,479	€8,823	€3,002	▼ 66.0%
Profit (loss) for the period9904	-€3,495	€6,335	€8,417	€18,578	€6,320	▼ 66.0%
Profit (loss) for the period to be appropriated9905	-€3,495	€6,335	€8,417	€18,578	€6,320	▼ 66.0%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€484,076	€450,346	€347,428	€288,613	€257,017	▼ 10.9%
Fixed assets21/28	€278,990	€251,257	€230,012	€220,857	€211,492	▼ 4.2%
Tangible fixed assets22/27	€278,627	€250,894	€228,149	€220,494	€211,492	▼ 4.1%
Land and buildings22	€278,627	€250,894	€228,149	€220,494	€211,492	▼ 4.1%
Financial fixed assets28	€363	€363	€1,863	€363	€0	▼ 100%
Current assets29/58	€205,086	€199,089	€117,415	€67,755	€45,525	▼ 32.8%
Stocks and contracts in progress3	€36,200	€27,862	€27,244	€27,244	€17,373	▼ 36.2%
Stocks30/36	€36,200	€27,862	€27,244	€27,244	€17,373	▼ 36.2%
Amounts receivable within one year40/41	€155,677	€168,569	€74,314	€20,124	€2,826	▼ 86.0%
Trade receivables40	€155,359	€167,395	€67,778	€11,868	€0	▼ 100%
Other amounts receivable41	€318	€1,173	€6,537	€8,257	€2,826	▼ 65.8%
Cash at bank and in hand54/58	€11,155	€1,749	€13,462	€17,772	€24,087	▲ 35.5%
Deferred charges and accrued income490/1	€2,054	€910	€2,396	€2,615	€1,239	▼ 52.6%
Equity and liabilities
Total equity and liabilities10/49	€484,076	€450,346	€347,428	€288,613	€257,017	▼ 10.9%
Equity10/15	€113,431	€119,767	€128,184	€146,762	€153,082	▲ 4.3%
Contributions10/11	€43,381	€43,381	€43,381	€43,381	€43,381	=
Revaluation surpluses12	€67,881	€67,881	€67,881	€67,881	€67,881	=
Reserves13	€1,593	€1,593	€1,593	€1,593	€1,593	=
Non-distributable reserves130/1	€1,593	€1,593	€1,593	-	-	-
Reserves not available under the articles1311	€1,593	€1,593	€1,593	-	-	-
Distributable reserves133	-	-	-	€1,593	€1,593	=
Profit (loss) carried forward14	€575	€6,911	€15,328	€33,906	€40,226	▲ 18.6%
Amounts payable17/49	€370,645	€330,579	€219,244	€141,851	€103,935	▼ 26.7%
Amounts payable after more than one year17	€205,105	€174,786	€144,281	€68,366	€45,222	▼ 33.9%
Financial debts170/4	€114,661	€84,342	€53,837	€23,144	-	-
Other amounts payable178/9	€90,444	€90,444	€90,444	€45,222	€45,222	=
Amounts payable within one year42/48	€165,540	€155,793	€74,963	€73,386	€58,713	▼ 20.0%
Current portion of amounts payable after more than one year42	€32,712	€30,319	€30,505	€30,693	€23,144	▼ 24.6%
Financial debts43	€3,123	€3,156	€3,566	€3,182	€3,173	▼ 0.3%
Other loans439	€3,123	€3,156	€3,566	€3,182	€3,173	▼ 0.3%
Trade debts44	€28,966	€32,720	€15,115	€14,389	€23,242	▲ 61.5%
Suppliers440/4	€28,966	€32,720	€15,115	€14,389	€23,242	▲ 61.5%
Taxes, remuneration and social security45	€25,432	€14,087	€17,864	€19,211	€5,324	▼ 72.3%
Taxes450/3	€6,378	€4,344	€7,332	€10,953	€5,324	▼ 51.4%
Remuneration and social security454/9	€19,054	€9,743	€10,532	€8,258	-	-
Other amounts payable47/48	€75,308	€75,511	€7,912	€5,912	€3,831	▼ 35.2%
Accrued charges and deferred income492/3	-	-	-	€99	-	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	-€3,495	€6,335	€8,417	€18,578	€6,320	▼ 66.0%
+ Depreciation and write-downs630	€31,606	€27,733	€22,744	€22,655	€23,942	▲ 5.7%
Operating cash flow (approximation)	€28,111	€34,069	€31,162	€41,233	€30,262	▼ 26.6%
Investment in fixed assets (approximation)	-	€0	-€1,500	-€13,500	-€14,577	▼ 8.0%
Change in cash	-	-€9,406	€11,712	€4,311	€6,314	▲ 46.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Equity above €150,000Eq €153,082 ▲4.3%

4 profitable years in a row build equity to €153,082.

01-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 32 days late

2024

31-12

Financial Highest result since 2018net €18,578 ▲121%

Operating result €28,130, net result €18,578, both a record.

20-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 20 days late

2023

24-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 24 days late

2022

31-12

Financial Back to profitnet €6,335

Net result €6,335 after 2 loss-making years.

26-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 26 days late

2021

31-12

Financial Weakest financial yearnet -€3,495

Net result drops to -€3,495, the lowest in the series; recovery starts the following year.

12-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 12 days late

2020

12-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 12 days late

2019

08-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

28-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 28 days late

2017

08-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 8 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 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

3 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, Mons · 3 establishment units since 1998

seat establishment approximate All 3 establishment units on the map

Ground area

7,535 m²

Building footprint

646 m²

Volume, LiDAR

1,198 m³

3 parcels, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

DEMAIL SPRL

Allée des Plantains(Cha) 2, 5650 WalcourtNACE 28510

since 19982.069.679.694

DEMAIL

Rue A. Defrise (Jem. II) 23, 7012 MonsElectrical installation work in industrial facilities

since 20162.261.011.206

DEMAIL

Résidence des Agasses (Jem. II) 78, 7012 MonsReal estate development

since 20242.356.419.218

3 parcels

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
53027B0005/00P000	Wallonia	4,705 m²	1 · 159 m²	6.5 m · 2 fl.
93011A0383/00Z000	Wallonia	2,549 m²	1 · 443 m²	-
53027B0028/00Z002	Wallonia	281 m²	1 · 45 m²	9.3 m · 3 fl.

Linked by address, not proof of ownership

Good to know

3 of 3 parcels 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 owner

Chain of control

TSS GROUP 100%
DEMAIL

Highest known parent: TSS GROUP. The sources do not say who stands above it.

Owners 1

TSS GROUPparent

Sourceaccounts TSS GROUP 2025

100%

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

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Betonwerken Wim Heyman

BE 0637.860.122

Maldegem · Eq €153,558

Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,054 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

Founded23-12-1994

Fiscal year end31-12

Activities, NACEBEL 2025

43990Other specialised construction activities

25510Coating of metals

E-invoicing

Reachable via Peppol

Peppol ID 0208:0454012161

Registered 21-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.