Financials
- Fiscal year
- 2025
- Total assets
- €9.5m
- Profit
- €574,760
- Solvency
- 20.9%
Turnover▼ 6.7%
Net result
20182023
DEMAKO
ActiveThe file of DEMAKO contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.8% (low). The 2025 annual accounts show equity of €2.0m and a net result of €574,760. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 360 sector peers (fiscal year 2025).
Overview
Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28240Machining of metals NACE 25530Manufacture of fabricated metal products, except machinery and equipment NACE 25620
1 site
Size
€9.5mtotal assets 2025
- Staff
- 33.2 FTE
- Equity
- €2.0m
- Profit
- €574,760
Net result +221%: other schema
Structure
- Parent
- B-Pro · 99.95%
Accounts 21 d early0 of 9 deeds read
Why 67- Liquidity: current ratio 1.11, cash €377,703- Equity €2.0m (20.9% of total assets)- Size: 33.2 FTE, total assets €9.5m+ Founded in 1989Show the evidence
Checked score
Score 2025
67
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 31% of its sector peers (NACE 28, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
46=
equity 20.9% of total assets
Liquidity
18-3
short-term debt 68.9% · cash 4.0%
Profitability
47+6
return on assets 6.1%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.2%
12-2024: 2.2%● 0.0% vs 11-2024
01-2025: 2.2%▲ +2.1% vs 12-2024
02-2025: 2.2%▼ -2.9% vs 01-2025
03-2025: 2.2%▼ -0.3% vs 02-2025
04-2025: 2.1%▼ -2.0% vs 03-2025
05-2025: 2.1%● 0.0% vs 04-2025
06-2025: 2.1%▼ -1.0% vs 05-2025
07-2025: 2.3%▲ +10.9% vs 06-2025highest value
08-2025: 1.1%▼ -51.6% vs 07-2025
09-2025: 1.1%● 0.0% vs 08-2025
10-2025: 1.1%● 0.0% vs 09-2025
11-2025: 1.1%● 0.0% vs 10-2025
12-2025: 1.1%● 0.0% vs 11-2025
01-2026: 1.1%▼ -0.5% vs 12-2025
02-2026: 1.1%● 0.0% vs 01-2026
03-2026: 1.1%▼ -1.0% vs 02-2026
04-2026: 1.1%▲ +1.7% vs 03-2026
05-2026: 1.1%▲ +0.5% vs 04-2026
06-2026: 1.2%▲ +3.1% vs 05-2026
07-2026: 1.2%▼ -0.7% vs 06-2026
08-2026: 0.8%▼ -32.8% vs 07-2026lowest value
09-2026: 0.8%● 0.0% vs 08-2026lowest value
10-2026: 0.8%● 0.0% vs 09-2026lowest value
- Liquidity: current ratio 1.11, cash €377,703 raises the probability
- Equity €2.0m (20.9% of total assets) raises the probability
- Size: 33.2 FTE, total assets €9.5m raises the probability for this profile
- Founded in 1989 lowers the probability for this profile
Credit up to €130,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.11 against 1.23 in 2024; short-term debt: 68.9% and cash: 4% of total assets), and 79.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 28, small). Better than this share of them on solvency 18%, liquidity 12%, profitability 26%, growth against the median 69%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 360 sector peers (2025).
NBB · sector comparisonPosition among 360 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
17 d early
2023
79 d late
2022
13 d early
2021
6 d early
2020
11 d early
2019
45 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 8 days after the deadline; the sector median for financial year 2024 is 11 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 18 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Bankruptcy reversalOndernemingsrechtbank Gent, afdeling Dendermonde ·…
Key points
By topic
Board & ownership
- Parent
- B-Pro · 99.95%
Network & group
- Group
- Mathea Belgium
Timeline
- Events
- 16
- Since
- 2017
- Next accounts
- by 31-07-2027
- 10-07-2026Annual accounts filed
- 14-07-2025Annual accounts filed
- 11-07-2025Bankruptcy reversal
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28240
- Founded
- 17-03-1989
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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