Summary
Demanaging 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 €114,150 and a net result of €18,017. Equity has been growing by about 29% per year since 2020. Its solvency ranks better than 60% of 9,754 sector peers (NACE 64, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-11-2019 Normal situation
- Activity
- Activities of holding companies NACE 64210
- Establishment unit
- 2.296.639.997 8420 De Haan, since 06-11-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- Deman JohanDirector · since 29-10-2019
- Deman ChristopheDirector · since 15-05-2021
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €18,017
- ▲ 36.4%
- Equity
- €114,150
- ▲ 18.7%
- Total assets
- €180,436
- ▲ 12.3%
- 2025 accounts filed 22 days after the deadline
Signalsraises risk2025 accounts filed 22 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 22 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
22 days late
2024
25 days late
2023
13 days late
2022
30 days late
2021
61 days late
2020
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 21 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 22 days after the deadline Filed on 22 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00415371.
Annual accounts 2025 filed on 22-08-2026 at the NBB all 6 filings
Equity
€114,150▲ 18.7%
2024 · €96,133
Net result
€18,017▲ 36.4%
2024 · €13,206
Total assets
€180,436▲ 12.3%
2024 · €160,624
Solvency
63.3%▲ 3.4pp
2024 · 59.9%
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€31,837
▲ 34.3%
2025
20202025
Net result
€18,017
▲ 36.4%
2025
middle half of the sector
20202025
Equity
€114,150
▲ 18.7%
2025
middle half of the sector
20202025
Total assets
€180,436
▲ 12.3%
2025
middle half of the sector
20202025
Debt
€66,285
▲ 2.8%
2025
20202025
Working capital
€41,898
▼ 43.3%
2025
middle half of the sector
20202025
Solvency
63.3%
▲ 3.4pp
2025
middle half of the sector
20202025
Current ratio
1.63
▼ 0.51
2025
middle half of the sector
20202025
Return on assets (ROA)
10.0%
▲ 1.8pp
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€13,154-€29,375▲ 123%€35,435▲ 20.6%€36,025▲ 1.7%€23,714▼ 34.2%€31,837▲ 34.3%
Net result€10,120within the sector's middle half-€20,523within the sector's middle half▲ 103%€25,202within the sector's middle half▲ 22.8%€25,582within the sector's middle half▲ 1.5%€13,206within the sector's middle half▼ 48.4%€18,017within the sector's middle half▲ 36.4%
Equity€11,620below the sector's middle half-€32,143below the sector's middle half▲ 177%€57,346within the sector's middle half▲ 78.4%€82,928within the sector's middle half▲ 44.6%€96,133within the sector's middle half▲ 15.9%€114,150within the sector's middle half▲ 18.7%
Total assets€46,970below the sector's middle half-€81,675below the sector's middle half▲ 73.9%€86,427below the sector's middle half▲ 5.8%€113,580below the sector's middle half▲ 31.4%€160,624within the sector's middle half▲ 41.4%€180,436within the sector's middle half▲ 12.3%
Debt€35,350-€49,532▲ 40.1%€29,081▼ 41.3%€30,652▲ 5.4%€64,491▲ 110%€66,285▲ 2.8%
Working capital€11,620within the sector's middle half-€29,592within the sector's middle half▲ 155%€51,740within the sector's middle half▲ 74.8%€77,322within the sector's middle half▲ 49.4%€73,881within the sector's middle half▼ 4.5%€41,898within the sector's middle half▼ 43.3%
Solvency24.7%within the sector's middle half-39.4%within the sector's middle half▲ 14.6pp66.4%within the sector's middle half▲ 27.0pp73.0%within the sector's middle half▲ 6.7pp59.9%within the sector's middle half▼ 13.2pp63.3%within the sector's middle half▲ 3.4pp
Current ratio1.33within the sector's middle half-1.60within the sector's middle half▲ 0.272.78within the sector's middle half▲ 1.183.52within the sector's middle half▲ 0.742.15within the sector's middle half▼ 1.381.63within the sector's middle half▼ 0.51
Return on assets (ROA)21.5%above the sector's middle half-25.1%above the sector's middle half▲ 3.6pp29.2%above the sector's middle half▲ 4.0pp22.5%within the sector's middle half▼ 6.6pp8.2%within the sector's middle half▼ 14.3pp10.0%within the sector's middle half▲ 1.8pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 34% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180,436
Fixed assets
€72,252 ▲ 225%
Current assets
€108,184 ▼ 21.8%
Equity and liabilities €180,436
Equity
€114,150 ▲ 18.7%
Debt
€66,285 ▲ 2.8%
Debt's share of the balance-sheet total falls from 40.1% to 36.7%. Equity and debt are higher.
Key figures and ratios
ROE
15.8%▲
2024 · 13.7%
Debt ≤ 1 year
€66,285▲
2024 · €64,491
Income taxes
€10,222▲
2024 · €6,383
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,551 | €3,054 | - | €16,647 | - |
| Financial fixed assets | - | - | - | - | €50,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1,083 | €674 | €234 | €1,149 | €780 | ▼ 32.1% |
| Gross operating margin9900 | €14,008 | €30,458 | €36,109 | €36,259 | €24,863 | €32,617 | ▲ 31.2% |
| Operating profit (loss)9901 | €13,154 | €29,375 | €35,435 | €36,025 | €23,714 | €31,837 | ▲ 34.3% |
| Financial income75/76B | - | €244 | €108 | €269 | €977 | €1,538 | ▲ 57.5% |
| Recurring financial income75 | €884 | €244 | €108 | €269 | €977 | €1,538 | ▲ 57.5% |
| Financial charges65/66B | - | €307 | €78 | €352 | €5,102 | €5,137 | ▲ 0.7% |
| Recurring financial charges65 | €53 | €307 | €78 | €352 | €5,102 | €5,137 | ▲ 0.7% |
| Profit (loss) for the period before taxes9903 | €13,985 | €29,312 | €35,465 | €35,942 | €19,589 | €28,239 | ▲ 44.2% |
| Income taxes67/77 | €3,865 | €8,789 | €10,263 | €10,360 | €6,383 | €10,222 | ▲ 60.1% |
| Profit (loss) for the period9904 | €10,120 | €20,523 | €25,202 | €25,582 | €13,206 | €18,017 | ▲ 36.4% |
| Profit (loss) for the period to be appropriated9905 | €10,120 | €20,523 | €25,202 | €25,582 | €13,206 | €18,017 | ▲ 36.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €46,970 | €81,675 | €86,427 | €113,580 | €160,624 | €180,436 | ▲ 12.3% |
| Fixed assets21/28 | - | €2,551 | €5,606 | €5,606 | €22,252 | €72,252 | ▲ 225% |
| Tangible fixed assets22/27 | - | €2,551 | €5,606 | €5,606 | €22,252 | €22,252 | = |
| Other tangible fixed assets26 | - | €2,551 | €5,606 | €5,606 | €22,252 | €22,252 | = |
| Financial fixed assets28 | - | - | - | - | - | €50,000 | - |
| Current assets29/58 | €46,970 | €79,124 | €80,821 | €107,974 | €138,372 | €108,184 | ▼ 21.8% |
| Amounts receivable after more than one year29 | - | €5,784 | €3,028 | €3,028 | €3,028 | €3,028 | = |
| Other amounts receivable291 | - | €5,784 | €3,028 | €3,028 | €3,028 | €3,028 | = |
| Amounts receivable within one year40/41 | €29,677 | €46,855 | €56,276 | €97,850 | €134,098 | €103,617 | ▼ 22.7% |
| Trade receivables40 | - | €37,637 | €3,614 | €25,032 | €4,617 | €12,891 | ▲ 179% |
| Other amounts receivable41 | - | €9,218 | €52,662 | €72,818 | €129,481 | €90,726 | ▼ 29.9% |
| Cash at bank and in hand54/58 | €17,293 | €26,241 | €21,409 | €6,828 | - | - | - |
| Deferred charges and accrued income490/1 | - | €244 | €108 | €269 | €1,246 | €1,538 | ▲ 23.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €46,970 | €81,675 | €86,427 | €113,580 | €160,624 | €180,436 | ▲ 12.3% |
| Equity10/15 | €11,620 | €32,143 | €57,346 | €82,928 | €96,133 | €114,150 | ▲ 18.7% |
| Contributions10/11 | - | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €10,120 | €30,643 | €55,846 | €81,428 | €94,633 | €112,650 | ▲ 19.0% |
| Distributable reserves133 | - | €30,643 | €55,846 | €81,428 | €94,633 | €112,650 | ▲ 19.0% |
| Amounts payable17/49 | €35,350 | €49,532 | €29,081 | €30,652 | €64,491 | €66,285 | ▲ 2.8% |
| Amounts payable within one year42/48 | €35,350 | €49,532 | €29,081 | €30,652 | €64,491 | €66,285 | ▲ 2.8% |
| Financial debts43 | - | - | - | - | €40,265 | €35,824 | ▼ 11.0% |
| Credit institutions430/8 | - | - | - | - | €40,265 | €35,824 | ▼ 11.0% |
| Trade debts44 | €29,196 | €36,913 | €3,680 | €4,500 | €10,308 | €5,115 | ▼ 50.4% |
| Suppliers440/4 | - | €36,913 | €3,680 | €4,500 | €10,308 | €5,115 | ▼ 50.4% |
| Advances received on contracts in progress46 | - | - | - | - | - | €4,175 | - |
| Taxes, remuneration and social security45 | - | €10,819 | €19,051 | €20,675 | €52 | €4,857 | ▲ 93× |
| Taxes450/3 | - | €10,819 | €19,051 | €20,675 | €52 | €4,857 | ▲ 93× |
| Other amounts payable47/48 | - | €1,800 | €6,350 | €5,477 | €13,865 | €16,315 | ▲ 17.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,120 | €20,523 | €25,202 | €25,582 | €13,206 | €18,017 | ▲ 36.4% |
| Operating cash flow (approximation) | €10,120 | €20,523 | €25,202 | €25,582 | €13,206 | €18,017 | ▲ 36.4% |
| Investment in fixed assets (approximation) | - | - | -€3,054 | €0 | -€16,647 | -€50,000 | ▼ 200% |
| Change in cash | - | €8,948 | -€4,832 | -€14,581 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-08-2026 | 2026-00415371 | |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00405583 | |
| 31-12-2023 | micro format | 13-08-2024 | 2024-00342473 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00435940 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20443871 | |
| 31-12-2020 | micro format | 08-07-2021 | 2021-33100185 |
Board & ownership
Directors
Directors
2 directors
Deman Johan
Current
Deman Christophe
Current
Owners and capital
Owners
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Deman Johan |
|
| Deman Christophe |
|
Network & group
Demanaging shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of Demanaging. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
2025
2024
13-08
micro format · 13 days late
2023
31-12
Financial
Highest result from 2020 to 2025net €25,582 ▲1.5%
The operating result of €36,025 and the net result of €25,582 are both a record.
30-08
micro format · 30 days late
2022
30-09
micro format · 61 days late
2021
08-07
micro format · 23 days before the deadline
2019
08-11
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Demanaging in Dutch
Enterprise number
0737.473.776
Legal form
Private limited company
Status
Active, normale toestand
Founded
06-11-2019
Entity type
Legal entity
Registered office and establishments
Registered office
Watergangstraat 3, 8420 De Haan, Belgium
Establishment unit
Demanaging, Watergangstraat 3, 8420 De Haan since 06-11-2019 · unit number 2.296.639.99756111 Full-service restaurants
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
Invoicing and payment
VAT number
BE 0737.473.776
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
2,958 m²
Building footprint
187 m²
Building volume
825 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35007C0580/00H000 | Flanders | 2,958 m² | 1 · 187 m² | 8.2 m · 2 |