DEMAJA
ActiveSummary
DEMAJA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.99M and a net result of €285k. Equity is growing by ~10.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+14
Solvency80▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.15 in 2024; short-term debt: 17.1% and cash: 0.1% of total assets), and 44.7% 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 · 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
55.3%
Return on assets
7.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
33 d early
2022
3 d early
2021
1 d early
2020
7 d early
2019
20 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.99M▲ 16.7%
2024 · €1.70M
2018: €1.01Mlowest in 8 years
2019: €1.03M▲ +2.1% vs 2018
2020: €1.16M▲ +12.6% vs 2019
2021: €1.27M▲ +9.6% vs 2020
2022: €1.39M▲ +10.1% vs 2021
2023: €1.54M▲ +10.3% vs 2022
2024: €1.70M▲ +10.5% vs 2023
2025: €1.99M▲ +16.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€3.59M▲ 6.8%
2024 · €3.36M
2018: €2.92Mlowest in 8 years
2019: €3.13M▲ +7.1% vs 2018
2020: €3.22M▲ +2.9% vs 2019
2021: €3.98M▲ +23.6% vs 2020highest in 8 years
2022: €3.60M▼ -9.7% vs 2021
2023: €3.32M▼ -7.8% vs 2022
2024: €3.36M▲ +1.4% vs 2023
2025: €3.59M▲ +6.8% vs 2024
2018 → 2025
Net result
€285k▲ 76.0%
2024 · €162k
2018: €112k
2019: €55k▼ -50.8% vs 2018lowest in 8 years
2020: €189k▲ +245% vs 2019
2021: €134k▼ -29.3% vs 2020
2022: €162k▲ +21.0% vs 2021
2023: €144k▼ -11.0% vs 2022
2024: €162k▲ +12.3% vs 2023
2025: €285k▲ +76.0% vs 2024highest in 8 years
2018 → 2025
Working capital
€-264k▲ 51.8%
2024 · €-547k
2018: €54khighest in 8 years
2019: €7k▼ -87.7% vs 2018
2020: €8k▲ +15.5% vs 2019
2021: €-862k▼ -11263% vs 2020lowest in 8 years
2022: €-526k▲ +38.9% vs 2021
2023: €-555k▼ -5.5% vs 2022
2024: €-547k▲ +1.4% vs 2023
2025: €-264k▲ +51.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.27M-€1.39M▲ 10.1%€1.54M▲ 10.3%€1.70M▲ 10.5%€1.99M▲ 16.7%
2021: €1.27Mlowest in 5 years
2022: €1.39M▲ +10.1% vs 2021
2023: €1.54M▲ +10.3% vs 2022
2024: €1.70M▲ +10.5% vs 2023
2025: €1.99M▲ +16.7% vs 2024highest in 5 years
Operating result€311k-€473k▲ 52.3%€461k▼ 2.6%€506k▲ 9.9%€335k▼ 33.8%
2021: €311klowest in 5 years
2022: €473k▲ +52.3% vs 2021
2023: €461k▼ -2.6% vs 2022
2024: €506k▲ +9.9% vs 2023highest in 5 years
2025: €335k▼ -33.8% vs 2024
Net result€134k-€162k▲ 21.0%€144k▼ 11.0%€162k▲ 12.3%€285k▲ 76.0%
2021: €134klowest in 5 years
2022: €162k▲ +21.0% vs 2021
2023: €144k▼ -11.0% vs 2022
2024: €162k▲ +12.3% vs 2023
2025: €285k▲ +76.0% vs 2024highest in 5 years
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 falls in 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.59M
Fixed assets
€3.24M ▼ 0.7%
Current assets
€351k ▲ 252%
Equity and liabilities €3.59M
Equity
€1.99M ▲ 16.7%
Provisions
€701k ▼ 2.6%
Debt
€902k ▼ 4.1%
Debt's share of the balance-sheet total falls from 28.0% to 25.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€373k▼
2024 · €544k
Cash flow
€323k▲
2024 · €200k
Current ratio
0.57▲
2024 · 0.15
Debt to equity
0.45▼
2024 · 0.55
ROE
14.3%▲
2024 · 9.5%
ROA
7.9%▲
2024 · 4.8%
Interest coverage
3.27▲
2024 · 2.04
Debt ≤ 1 year
€615k▼
2024 · €647k
Debt > 1 year
€225k▼
2024 · €265k
Income taxes
€87k▲
2024 · €78k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.36M€3.59M▲
Fixed assets21/28€3.26M€3.24M▼
Tangible fixed assets22/27€866k€829k▼
Land and buildings22€828k€795k▼
Furniture and vehicles24€2k€2k▲
Other tangible fixed assets26€37k€32k▼
Financial fixed assets28€2.39M€2.41M▲
Current assets29/58€100k€351k▲
Amounts receivable within one year40/41€90k€344k▲
Trade receivables40€84k€84k=
Other amounts receivable41€6k€260k▲
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1€8k€3k▼
Equity and liabilities
Total equity and liabilities10/49€3.36M€3.59M▲
Equity10/15€1.70M€1.99M▲
Contributions10/11€616k€616k=
Reserves13€918k€1.20M▲
Tax-exempt reserves132€107k€102k▼
Distributable reserves133€811k€1.10M▲
Profit (loss) carried forward14€166k€167k=
Provisions and deferred taxes16€719k€701k▼
Provisions for liabilities and charges160/5€694k€677k▼
Other liabilities and charges164/5€694k€677k▼
Deferred taxes168€25k€23k▼
Amounts payable17/49€940k€902k▼
Amounts payable after more than one year17€265k€225k▼
Financial debts170/4€265k€225k▼
Amounts payable within one year42/48€647k€615k▼
Current portion of amounts payable after more than one year42€39k€40k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€13k€0▼
Taxes450/3€13k€0▼
Other amounts payable47/48€591k€573k▼
Accrued charges and deferred income492/3€29k€62k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€38k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-178k€-17k▲
Other operating charges640/8€11k€14k▲
Gross operating margin9900€377k€370k▼
Operating profit (loss)9901€506k€335k▼
Financial income75/76B-€149k
Recurring financial income75-€149k
Financial charges65/66B€267k€114k▼
Recurring financial charges65€267k€114k▼
Profit (loss) for the period before taxes9903€239k€370k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€78k€87k▲
Profit (loss) for the period9904€162k€285k▲
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€166k€289k▲
Appropriation of the result
Profit (loss) to be appropriated9906€333k€456k▲
Profit (loss) brought forward from the previous period14P€166k€166k=
Transfer to equity691/2€166k€289k▲
To other reserves6921€166k€289k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €13k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €96k | €34k | €38k | €38k | €38k | ▼ 0.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-132k | €-146k | €-160k | €-178k | €-17k | ▲ 90.4% |
| Other operating charges640/8 | €5k | €11k | €15k | €11k | €14k | ▲ 23.8% |
| Gross operating margin9900 | €280k | €372k | €354k | €377k | €370k | ▼ 2.0% |
| Operating profit (loss)9901 | €311k | €473k | €461k | €506k | €335k | ▼ 33.8% |
| Financial income75/76B | €88k | €0 | - | - | €149k | - |
| Recurring financial income75 | €88k | €0 | - | - | €149k | - |
| Financial charges65/66B | €243k | €249k | €247k | €267k | €114k | ▼ 57.3% |
| Recurring financial charges65 | €243k | €249k | €247k | €267k | €114k | ▼ 57.3% |
| Profit (loss) for the period before taxes9903 | €155k | €224k | €213k | €239k | €370k | ▲ 55.0% |
| Transfer from deferred taxes780 | €261 | €2k | €2k | €2k | €2k | = |
| Income taxes67/77 | €21k | €64k | €71k | €78k | €87k | ▲ 10.6% |
| Profit (loss) for the period9904 | €134k | €162k | €144k | €162k | €285k | ▲ 76.0% |
| Transfer from tax-exempt reserves789 | €784 | €5k | €5k | €5k | €5k | = |
| Profit (loss) for the period to be appropriated9905 | €135k | €167k | €149k | €166k | €289k | ▲ 73.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.98M | €3.60M | €3.32M | €3.36M | €3.59M | ▲ 6.8% |
| Fixed assets21/28 | €3.34M | €3.33M | €3.30M | €3.26M | €3.24M | ▼ 0.7% |
| Tangible fixed assets22/27 | €938k | €932k | €903k | €866k | €829k | ▼ 4.3% |
| Land and buildings22 | €925k | €893k | €860k | €828k | €795k | ▼ 3.9% |
| Furniture and vehicles24 | €12k | €2k | €1k | €2k | €2k | ▲ 28.3% |
| Other tangible fixed assets26 | - | €37k | €42k | €37k | €32k | ▼ 12.7% |
| Financial fixed assets28 | €2.40M | €2.40M | €2.39M | €2.39M | €2.41M | ▲ 0.6% |
| Current assets29/58 | €644k | €265k | €18k | €100k | €351k | ▲ 252% |
| Amounts receivable within one year40/41 | €567k | €255k | €5k | €90k | €344k | ▲ 282% |
| Trade receivables40 | €563k | €255k | €0 | €84k | €84k | = |
| Other amounts receivable41 | €4k | €0 | €5k | €6k | €260k | ▲ 4,116% |
| Cash at bank and in hand54/58 | €77k | €3k | €12k | €2k | €4k | ▲ 115% |
| Deferred charges and accrued income490/1 | €0 | €7k | €0 | €8k | €3k | ▼ 60.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.98M | €3.60M | €3.32M | €3.36M | €3.59M | ▲ 6.8% |
| Equity10/15 | €1.27M | €1.39M | €1.54M | €1.70M | €1.99M | ▲ 16.7% |
| Contributions10/11 | €616k | €616k | €616k | €616k | €616k | = |
| Reserves13 | €484k | €612k | €756k | €918k | €1.20M | ▲ 31.0% |
| Non-distributable reserves130/1 | €62k | €62k | €0 | - | - | - |
| Reserves not available under the articles1311 | €62k | €62k | €0 | - | - | - |
| Tax-exempt reserves132 | €121k | €116k | €112k | €107k | €102k | ▼ 4.3% |
| Distributable reserves133 | €302k | €434k | €645k | €811k | €1.10M | ▲ 35.7% |
| Profit (loss) carried forward14 | €166k | €166k | €166k | €166k | €167k | = |
| Provisions and deferred taxes16 | €1.21M | €1.06M | €899k | €719k | €701k | ▼ 2.6% |
| Provisions for liabilities and charges160/5 | €1.18M | €1.03M | €873k | €694k | €677k | ▼ 2.5% |
| Environmental obligations163 | €1.18M | - | - | - | - | - |
| Other liabilities and charges164/5 | - | €1.03M | €873k | €694k | €677k | ▼ 2.5% |
| Deferred taxes168 | €29k | €28k | €26k | €25k | €23k | ▼ 6.3% |
| Amounts payable17/49 | €1.51M | €1.14M | €877k | €940k | €902k | ▼ 4.1% |
| Amounts payable after more than one year17 | - | €343k | €304k | €265k | €225k | ▼ 15.0% |
| Financial debts170/4 | - | €343k | €304k | €265k | €225k | ▼ 15.0% |
| Amounts payable within one year42/48 | €1.51M | €791k | €573k | €647k | €615k | ▼ 5.0% |
| Current portion of amounts payable after more than one year42 | €0 | €38k | €39k | €39k | €40k | ▲ 1.0% |
| Trade debts44 | €88 | €9k | €13k | €4k | €2k | ▼ 44.9% |
| Suppliers440/4 | €88 | €9k | €13k | €4k | €2k | ▼ 44.9% |
| Taxes, remuneration and social security45 | €8k | €44k | €16k | €13k | €0 | ▼ 100% |
| Taxes450/3 | €8k | €44k | €16k | €13k | €0 | ▼ 100% |
| Other amounts payable47/48 | €1.50M | €700k | €505k | €591k | €573k | ▼ 2.9% |
| Accrued charges and deferred income492/3 | €761 | €8k | €718 | €29k | €62k | ▲ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €134k | €162k | €144k | €162k | €285k | ▲ 76.0% |
| + Depreciation and write-downs630 | €96k | €34k | €38k | €38k | €38k | ▼ 0.4% |
| Operating cash flow (approximation) | €229k | €196k | €182k | €200k | €323k | ▲ 61.3% |
| Investment in fixed assets (approximation) | - | €-29k | €-4k | €-1k | €-15k | ▼ 1,054% |
| Change in cash | - | €-74k | €9k | €-11k | €2k | ▲ 119% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €285k ▲76%
Net result €285k, the highest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €55k ▼50.8%
Net result drops to €55k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-03
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 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Zottegem · 1 establishment unit since 2002
Ground area
982 m²
Building footprint
297 m²
Volume, LiDAR
2,787 m³
Parcel 41068B0540/02P000, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
DEMAJA BVBA
since 20022.095.836.636
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41068B0540/02P000 | Flanders | 982 m² | 1 · 297 m² | 13.4 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded16-07-2001
Fiscal year end30-09
Scores and ratios are computed by Checked and are not a credit decision.