DEMANapath
ActiveSummary
DEMANapath has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180,341 and a net result of €171,407. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 38% of 16718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
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Signals
This company filed its last 5 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,608 | €13,281 | €4,889 | €16,420 | €16,314 | ▼ 0.6% |
| Other operating charges640/8 | €842 | €43 | €521 | €569 | €638 | ▲ 12.0% |
| Non-recurring operating charges66A | - | €1,471 | €13,705 | €0 | - | - |
| Gross operating margin9900 | €182,307 | €115,820 | €168,091 | €214,195 | €227,475 | ▲ 6.2% |
| Operating profit (loss)9901 | €169,857 | €101,024 | €148,975 | €197,205 | €210,523 | ▲ 6.8% |
| Financial income75/76B | €15 | €0 | €398 | €668 | €4,045 | ▲ 506% |
| Recurring financial income75 | €15 | €0 | €398 | €668 | €4,045 | ▲ 506% |
| Financial charges65/66B | €962 | €711 | €565 | €458 | €310 | ▼ 32.2% |
| Recurring financial charges65 | €962 | €711 | €565 | €458 | €310 | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | €168,911 | €100,313 | €148,809 | €197,415 | €214,258 | ▲ 8.5% |
| Income taxes67/77 | €51,818 | €28,617 | €43,491 | €45,938 | €42,851 | ▼ 6.7% |
| Profit (loss) for the period9904 | €117,093 | €71,697 | €105,318 | €151,477 | €171,407 | ▲ 13.2% |
| Profit (loss) for the period to be appropriated9905 | €117,093 | €71,697 | €105,318 | €151,477 | €171,407 | ▲ 13.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144,768 | €244,185 | €337,147 | €476,656 | €373,351 | ▼ 21.7% |
| Fixed assets21/28 | €24,247 | €52,483 | €79,280 | €65,417 | €49,102 | ▼ 24.9% |
| Tangible fixed assets22/27 | €24,247 | €52,483 | €79,280 | €65,417 | €49,102 | ▼ 24.9% |
| Plant, machinery and equipment23 | €2,283 | €2,535 | €3,837 | €2,405 | €1,090 | ▼ 54.7% |
| Furniture and vehicles24 | €21,964 | €49,948 | €75,443 | €63,012 | €48,012 | ▼ 23.8% |
| Current assets29/58 | €120,522 | €191,702 | €257,867 | €411,240 | €324,249 | ▼ 21.2% |
| Amounts receivable within one year40/41 | €74,251 | €58,133 | €87,178 | €88,302 | €100,376 | ▲ 13.7% |
| Trade receivables40 | €74,251 | €54,749 | €83,794 | €88,302 | €100,376 | ▲ 13.7% |
| Other amounts receivable41 | - | €3,384 | €3,384 | €0 | - | - |
| Current investments50/53 | - | - | - | €151,150 | €112,400 | ▼ 25.6% |
| Cash at bank and in hand54/58 | €46,125 | €133,416 | €170,522 | €171,787 | €111,473 | ▼ 35.1% |
| Deferred charges and accrued income490/1 | €145 | €153 | €167 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144,768 | €244,185 | €337,147 | €476,656 | €373,351 | ▼ 21.7% |
| Equity10/15 | €118,443 | €190,140 | €295,457 | €295,935 | €180,341 | ▼ 39.1% |
| Contributions10/11 | €1,350 | €1,350 | €1,350 | €1,350 | €1,350 | = |
| Reserves13 | €117,093 | €188,790 | €294,107 | €294,585 | €178,991 | ▼ 39.2% |
| Distributable reserves133 | €117,093 | €188,790 | €294,107 | €294,585 | €178,991 | ▼ 39.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €26,326 | €54,045 | €41,689 | €180,722 | €193,009 | ▲ 6.8% |
| Amounts payable after more than one year17 | €15,549 | €33,564 | €19,576 | €8,596 | €665 | ▼ 92.3% |
| Financial debts170/4 | €15,549 | €33,564 | €19,576 | €8,596 | €665 | ▼ 92.3% |
| Amounts payable within one year42/48 | €10,777 | €20,436 | €22,114 | €172,125 | €192,345 | ▲ 11.7% |
| Current portion of amounts payable after more than one year42 | €6,130 | €13,852 | €13,988 | €10,979 | €7,931 | ▼ 27.8% |
| Trade debts44 | €2,404 | €3,276 | €1,944 | €4,453 | €3,452 | ▼ 22.5% |
| Suppliers440/4 | €2,404 | €3,276 | €1,944 | €4,453 | €3,452 | ▼ 22.5% |
| Taxes, remuneration and social security45 | €818 | €0 | €4,931 | €4,679 | €3,237 | ▼ 30.8% |
| Taxes450/3 | €818 | €0 | €4,931 | €4,679 | €3,237 | ▼ 30.8% |
| Other amounts payable47/48 | €1,425 | €3,307 | €1,251 | €152,014 | €177,723 | ▲ 16.9% |
| Accrued charges and deferred income492/3 | - | €46 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117,093 | €71,697 | €105,318 | €151,477 | €171,407 | ▲ 13.2% |
| + Depreciation and write-downs630 | €11,608 | €13,281 | €4,889 | €16,420 | €16,314 | ▼ 0.6% |
| Operating cash flow (approximation) | €128,700 | €84,978 | €110,207 | €167,898 | €187,721 | ▲ 11.8% |
| Investment in fixed assets (approximation) | - | -€41,517 | -€31,686 | -€2,557 | €0 | ▲ 100% |
| Change in cash | - | €87,291 | €37,106 | €1,265 | -€60,315 | ▼ 4,866% |
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
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
2 establishment units
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11812M0321/00A002 | Flanders | 12.6 ha | 1 · 1.3 ha | - |
| 24094B0564/00K000 | Flanders | 1,883 m² | 1 · 172 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.