DEMALO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5.39M and a net result of €176k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 4501 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
29 d late
2023
9 d early
2022
12 d early
2021
17 d early
2020
5 d early
2019
14 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€5.39M▼ 19.7%
2024 · €6.72M
2018: €3.12M
2019: €3.55M
2020: €6.36M
2021: €6.23M
2022: €6.18M
2023: €6.74M
2024: €6.72M
2018 → 2025
Net result
€176k▲ 193%
2024 · €60k
2018: €1.79M
2019: €435k
2020: €2.81M
2021: €54k
2022: €255k
2023: €871k
2024: €60k
2018 → 2025
Total assets
€11.81M▲ 4.6%
2024 · €11.29M
2018: €7.80M
2019: €7.56M
2020: €14.79M
2021: €15.55M
2022: €9.44M
2023: €10.64M
2024: €11.29M
2018 → 2025
Solvency
45.6%▼ 13.8pp
2024 · 59.5%
2018: 39.9%
2019: 47.0%
2020: 43.0%
2021: 40.1%
2022: 65.4%
2023: 63.3%
2024: 59.5%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6.23M-€6.18M▼ 0.9%€6.74M▲ 9.0%€6.72M▼ 0.3%€5.39M▼ 19.7%
Operating result€151k-€85k▼ 43.6%€1.15M▲ 1,257%€143k▼ 87.6%€310k▲ 116%
Net result€54k-€255k▲ 370%€871k▲ 242%€60k▼ 93.1%€176k▲ 193%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 116% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.81M
Fixed assets
€6.79M▲ 12.1%
Current assets
€5.02M▼ 4.0%
Equity and liabilities €11.81M
Equity
€5.39M▼ 19.7%
Provisions
€275k▲ 23.7%
Debt
€6.14M▲ 41.2%
The debt ratio rises from 38.5% to 52.0%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
45.6%▼
2024 · 59.5%
ROE
3.3%▲
2024 · 0.9%
ROA
1.5%▲
2024 · 0.5%
Debt
€6.14M▲
2024 · €4.35M
Debt ≤ 1 year
€2.01M▲
2024 · €964k
Debt > 1 year
€4.12M▲
2024 · €3.38M
Income taxes
€4k▼
2024 · €40k
Staff costs
€58k▼
2024 · €109k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€11.29M€11.81M▲
Fixed assets21/28€6.06M€6.79M▲
Tangible fixed assets22/27€4.95M€5.68M▲
Land and buildings22€4.88M€5.65M▲
Plant, machinery and equipment23-€894
Furniture and vehicles24€70k€23k▼
Financial fixed assets28€1.11M€1.11M=
Current assets29/58€5.23M€5.02M▼
Amounts receivable after more than one year29€2.12M€2.14M▲
Trade receivables290€1k€2k▲
Other amounts receivable291€2.11M€2.14M▲
Amounts receivable within one year40/41€1.35M€946k▼
Trade receivables40€41k€38k▼
Other amounts receivable41€1.31M€908k▼
Current investments50/53€1.18M€1.71M▲
Cash at bank and in hand54/58€497k€92k▼
Deferred charges and accrued income490/1€90k€132k▲
Equity and liabilities
Total equity and liabilities10/49€11.29M€11.81M▲
Equity10/15€6.72M€5.39M▼
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€6.65M€5.32M▼
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€667k€825k▲
Distributable reserves133€5.97M€4.49M▼
Profit (loss) carried forward14€0€0=
Investment grants15€4k€3k▼
Provisions and deferred taxes16€222k€275k▲
Deferred taxes168€222k€275k▲
Amounts payable17/49€4.35M€6.14M▲
Amounts payable after more than one year17€3.38M€4.12M▲
Financial debts170/4€174k€452k▲
Other amounts payable178/9€3.20M€3.67M▲
Amounts payable within one year42/48€964k€2.01M▲
Current portion of amounts payable after more than one year42€101k€198k▲
Trade debts44€75k€16k▼
Suppliers440/4€75k€16k▼
Taxes, remuneration and social security45€90k€123k▲
Taxes450/3€74k€112k▲
Remuneration and social security454/9€16k€11k▼
Other amounts payable47/48€698k€1.67M▲
Accrued charges and deferred income492/3€9k€7k▼
Income statement
Code20242025
Non-recurring operating income76A€105k€264k▲
Remuneration, social security and pensions62€109k€58k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€234k€259k▲
Other operating charges640/8€43k€33k▼
Non-recurring operating charges66A-€14k
Gross operating margin9900€529k€675k▲
Operating profit (loss)9901€143k€310k▲
Financial income75/76B€100k€182k▲
Recurring financial income75€100k€182k▲
Financial charges65/66B€158k€260k▲
Recurring financial charges65€158k€260k▲
Profit (loss) for the period before taxes9903€85k€232k▲
Transfer from deferred taxes780€14k€13k▼
Transfer to deferred taxes680-€66k
Income taxes67/77€40k€4k▼
Profit (loss) for the period9904€60k€176k▲
Transfer from tax-exempt reserves789€43k€40k▼
Transfer to tax-exempt reserves689-€198k
Profit (loss) for the period to be appropriated9905€103k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€103k€18k▼
Transfer from equity791/2€80k€1.50M▲
Transfer to equity691/2€103k€18k▼
To other reserves6921€103k€18k▼
Profit to be distributed694/7€80k€1.50M▲
Return on contributions (dividend)694€80k€1.50M▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 7current ratio 5.65
Current ratio from 0.84 to 5.65; short-term debt falls from €6.58M to €838k.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €54k ▼98.1%
Net result drops to €54k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €2.81M ▲546%
Operating result €2.25M, net result €2.81M, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.29
Current ratio from 0.85 to 2.29.
31-12
Financial
Equity above €5MEq €6.36M ▲79.1%
3 profitable years in a row build equity to €6.36M.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
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
6 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, Destelbergen · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wellingstraat(HEU) 449070 DestelbergenGround area
5,142 m²
Building footprint
221 m²
Volume, LiDAR
1,248 m³
Parcel 44028C0433/00D000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEMALO
since 19892.043.366.465
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44028C0433/00D000 | Flanders | 5,142 m² | 1 · 221 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 153 companies in sector 64310 we hold annual accounts for 73. 32 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-05-1989
Fiscal year end31-12
Activities, NACEBEL
64300Financial service activities, except insurance and pension funding
64310Financial service activities, except insurance and pension funding
65235
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Agenda
Verslag raad van bestuur. Goedkeuring van de jaarrekening per 31/12/09. Bestemming resultaat. Kwijting van bestuurders. Divers. (AOPC1904360/ 27.04) (15317) LESCO, naamloze vennootschap, Tragelweg 4, 9230 WETTEREN Ondernemingsnummer 0425.105.468 Algemene vergadering op de zetel op 11/05/2009 om 14 u. Agenda : 1. Verslag raad van bestuur. 2. Goedkeuring van de jaarrekening per 31/12/2008. 3. Bestemming resultaat. 4. Kwijting van bestuurders. 5. Ontslag en benoeming bestuurders. 6. Diversen. (AOPC-1-9)04359/ 27.04) (15318) Antoon Decock, naamloze vennootschap, Heerweg 93, 8560 Wevelgem RPR Kortrijk 0431.882.897 Gewone algemene vergadering op de zetel op 20/05/2009 om 19 u. Agenda : Bespreking ...