DEMAJ
ActiveSummary
DEMAJ has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €177k and a net result of €40k. Equity is growing by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 14.64 against 16.6 in 2024; short-term debt: 6.7% and cash: 59.9% of total assets), and 6.7% of the assets are financed with debt.
Credit check for your own amount and term
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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
93.3%
Return on assets
21.1%
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 23-11-2025, 69 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
69 d early
2024
51 d early
2023
56 d early
2022
52 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€177k▲ 28.5%
2024 · €138k
2022: €63klowest in 4 years
2023: €102k▲ +62.7% vs 2022
2024: €138k▲ +34.8% vs 2023
2025: €177k▲ +28.5% vs 2024highest in 4 years
2022 → 2025
Total assets
€190k▲ 29.6%
2024 · €146k
2022: €67klowest in 4 years
2023: €107k▲ +57.9% vs 2022
2024: €146k▲ +37.4% vs 2023
2025: €190k▲ +29.6% vs 2024highest in 4 years
2022 → 2025
Net result
€40k▲ 10.2%
2024 · €36k
2022: €62khighest in 4 years
2023: €40k▼ -34.8% vs 2022
2024: €36k▼ -9.4% vs 2023lowest in 4 years
2025: €40k▲ +10.2% vs 2024
2022 → 2025
Working capital
€173k▲ 29.0%
2024 · €134k
2022: €60klowest in 4 years
2023: €99k▲ +66.1% vs 2022
2024: €134k▲ +35.8% vs 2023
2025: €173k▲ +29.0% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€63k-€102k▲ 62.7%€138k▲ 34.8%€177k▲ 28.5%
2022: €63klowest in 4 years
2023: €102k▲ +62.7% vs 2022
2024: €138k▲ +34.8% vs 2023
2025: €177k▲ +28.5% vs 2024highest in 4 years
Operating result€80k-€53k▼ 34.0%€48k▼ 8.5%€52k▲ 8.1%
2022: €80khighest in 4 years
2023: €53k▼ -34.0% vs 2022
2024: €48k▼ -8.5% vs 2023lowest in 4 years
2025: €52k▲ +8.1% vs 2024
Net result€62k-€40k▼ 34.8%€36k▼ 9.4%€40k▲ 10.2%
2022: €62khighest in 4 years
2023: €40k▼ -34.8% vs 2022
2024: €36k▼ -9.4% vs 2023lowest in 4 years
2025: €40k▲ +10.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €190k
Fixed assets
€4k ▲ 11.8%
Current assets
€186k ▲ 30.1%
Equity and liabilities €190k
Equity
€177k ▲ 28.5%
Debt
€13k ▲ 47.5%
Debt's share of the balance-sheet total rises from 5.9% to 6.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54k▲
2024 · €50k
Cash flow
€42k▲
2024 · €38k
Current ratio
14.64▼
2024 · 16.60
Debt to equity
0.07▲
2024 · 0.06
ROE
22.7%▼
2024 · 26.4%
ROA
21.1%▼
2024 · 24.9%
Interest coverage
20.23▼
2024 · 24.24
Debt ≤ 1 year
€13k▲
2024 · €9k
Income taxes
€11k▲
2024 · €10k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€146k€190k▲
Fixed assets21/28€4k€4k▲
Tangible fixed assets22/27€4k€4k▲
Plant, machinery and equipment23€951€398▼
Furniture and vehicles24€1k€296▼
Other tangible fixed assets26€2k€3k▲
Current assets29/58€143k€186k▲
Amounts receivable within one year40/41€26k€44k▲
Trade receivables40€15k€17k▲
Other amounts receivable41€12k€28k▲
Current investments50/53€37k€28k▼
Cash at bank and in hand54/58€79k€114k▲
Deferred charges and accrued income490/1€83€27▼
Equity and liabilities
Total equity and liabilities10/49€146k€190k▲
Equity10/15€138k€177k▲
Contributions10/11€2k€2k=
Reserves13€136k€175k▲
Distributable reserves133€136k€175k▲
Amounts payable17/49€9k€13k▲
Amounts payable within one year42/48€9k€13k▲
Trade debts44€6k€5k▼
Suppliers440/4€6k€5k▼
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€2k€7k▲
Other amounts payable47/48€800€800=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€1k€751▼
Gross operating margin9900€51k€55k▲
Operating profit (loss)9901€48k€52k▲
Financial income75/76B€149€1k▲
Recurring financial income75€149€1k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€47k€51k▲
Income taxes67/77€10k€11k▲
Profit (loss) for the period9904€36k€40k▲
Profit (loss) for the period to be appropriated9905€36k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€40k▲
Transfer to equity691/2€36k€39k▲
To other reserves6921€36k€39k▲
Profit to be distributed694/7€800€800=
Return on contributions (dividend)694€800€800=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €1k | €2k | ▲ 11.0% |
| Other operating charges640/8 | €327 | €219 | €1k | €751 | ▼ 39.1% |
| Gross operating margin9900 | €82k | €54k | €51k | €55k | ▲ 7.0% |
| Operating profit (loss)9901 | €80k | €53k | €48k | €52k | ▲ 8.1% |
| Financial income75/76B | - | - | €149 | €1k | ▲ 884% |
| Recurring financial income75 | - | - | €149 | €1k | ▲ 884% |
| Financial charges65/66B | €2k | €2k | €2k | €3k | ▲ 29.6% |
| Recurring financial charges65 | €2k | €2k | €2k | €3k | ▲ 29.6% |
| Profit (loss) for the period before taxes9903 | €78k | €51k | €47k | €51k | ▲ 10.0% |
| Income taxes67/77 | €16k | €11k | €10k | €11k | ▲ 9.0% |
| Profit (loss) for the period9904 | €62k | €40k | €36k | €40k | ▲ 10.2% |
| Profit (loss) for the period to be appropriated9905 | €62k | €40k | €36k | €40k | ▲ 10.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €67k | €107k | €146k | €190k | ▲ 29.6% |
| Fixed assets21/28 | €3k | €3k | €4k | €4k | ▲ 11.8% |
| Tangible fixed assets22/27 | €3k | €3k | €4k | €4k | ▲ 11.8% |
| Plant, machinery and equipment23 | €667 | €2k | €951 | €398 | ▼ 58.2% |
| Furniture and vehicles24 | €3k | €2k | €1k | €296 | ▼ 71.6% |
| Other tangible fixed assets26 | - | - | €2k | €3k | ▲ 109% |
| Current assets29/58 | €64k | €103k | €143k | €186k | ▲ 30.1% |
| Amounts receivable within one year40/41 | €17k | €22k | €26k | €44k | ▲ 67.3% |
| Trade receivables40 | €14k | €16k | €15k | €17k | ▲ 10.3% |
| Other amounts receivable41 | €3k | €6k | €12k | €28k | ▲ 141% |
| Current investments50/53 | - | - | €37k | €28k | ▼ 25.9% |
| Cash at bank and in hand54/58 | €47k | €81k | €79k | €114k | ▲ 44.4% |
| Deferred charges and accrued income490/1 | - | - | €83 | €27 | ▼ 67.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €67k | €107k | €146k | €190k | ▲ 29.6% |
| Equity10/15 | €63k | €102k | €138k | €177k | ▲ 28.5% |
| Contributions10/11 | €2k | €2k | €2k | €2k | = |
| Reserves13 | €61k | €100k | €136k | €175k | ▲ 29.0% |
| Distributable reserves133 | €61k | €100k | €136k | €175k | ▲ 29.0% |
| Amounts payable17/49 | €5k | €4k | €9k | €13k | ▲ 47.5% |
| Amounts payable within one year42/48 | €5k | €4k | €9k | €13k | ▲ 47.5% |
| Trade debts44 | €2k | €4k | €6k | €5k | ▼ 19.9% |
| Suppliers440/4 | €2k | €4k | €6k | €5k | ▼ 19.9% |
| Taxes, remuneration and social security45 | €2k | - | €2k | €7k | ▲ 256% |
| Taxes450/3 | €2k | - | €2k | €7k | ▲ 256% |
| Other amounts payable47/48 | €800 | €800 | €800 | €800 | = |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €40k | €36k | €40k | ▲ 10.2% |
| + Depreciation and write-downs630 | €2k | €1k | €1k | €2k | ▲ 11.0% |
| Operating cash flow (approximation) | €63k | €41k | €38k | €42k | ▲ 10.2% |
| Investment in fixed assets (approximation) | - | €-1k | €-2k | €-2k | ▼ 20.1% |
| Change in cash | - | €34k | €-2k | €35k | ▲ 1,581% |
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
23-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Equity above €150kEq €177k ▲28.5%
4 profitable years in a row build equity to €177k.
2024
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €36k ▼9.4%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €100kEq €102k ▲62.7%
2 profitable years in a row build equity to €102k.
2022
10-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Niklaas · 1 establishment unit since 2020
Ground area
573 m²
Building footprint
91 m²
Volume, LiDAR
561 m³
Parcel 46021A0144/00G000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEMAJ
since 20202.311.372.220
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46021A0144/00G000 | Flanders | 573 m² | 1 · 91 m² | 8.5 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400JCHIC90PDT3N24
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,628 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
Founded18-12-2020
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.