Demarso
ActiveDemarso 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 €661k and a net result of €30k. Equity is growing by ~29.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 7962 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
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 30-09-2025 was due by 30-04-2026 and was filed on 13-04-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
28 d early
2023
36 d early
2022
51 d early
2021
47 d early
2020
36 d early
2019
44 d early
← before the deadline
after the deadline →
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
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€661k▼ 11.8%
2024 · €750k
2018: €125k
2019: €198k
2020: €271k
2021: €323k
2022: €437k
2023: €553k
2024: €750k
2018 → 2025
Net result
€30k▼ 85.0%
2024 · €199k
2018: €43k
2019: €73k
2020: €75k
2021: €84k
2022: €160k
2023: €118k
2024: €199k
2018 → 2025
Total assets
€673k▼ 12.3%
2024 · €767k
2018: €244k
2019: €268k
2020: €331k
2021: €398k
2022: €519k
2023: €565k
2024: €767k
2018 → 2025
Solvency
98.3%▲ 0.5pp
2024 · 97.8%
2018: 51.1%
2019: 73.9%
2020: 81.9%
2021: 81.3%
2022: 84.1%
2023: 97.9%
2024: 97.8%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€323k-€437k▲ 35.2%€553k▲ 26.6%€750k▲ 35.6%€661k▼ 11.8%
Operating result€118k-€232k▲ 96.4%€169k▼ 27.1%€283k▲ 67.8%€39k▼ 86.1%
Net result€84k-€160k▲ 91.2%€118k▼ 26.5%€199k▲ 68.8%€30k▼ 85.0%
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 86% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €673k
Fixed assets
€223k▼ 12.6%
Current assets
€450k▼ 12.2%
Equity and liabilities €673k
Equity
€661k▼ 11.8%
Debt
€12k▼ 33.0%
The debt ratio falls from 2.2% to 1.7%: debt falls faster than equity shrinks.
Key figures and ratios
Solvency
98.3%▲
2024 · 97.8%
ROE
4.5%▼
2024 · 26.5%
ROA
4.4%▼
2024 · 25.9%
Debt
€12k▼
2024 · €17k
Debt ≤ 1 year
€12k▼
2024 · €17k
Income taxes
€15k▼
2024 · €91k
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€767k€673k▼
Fixed assets21/28€255k€223k▼
Tangible fixed assets22/27€255k€223k▼
Land and buildings22€173k€168k▼
Furniture and vehicles24€82k€55k▼
Current assets29/58€512k€450k▼
Amounts receivable within one year40/41€3k€19k▲
Trade receivables40€3k€7k▲
Other amounts receivable41€171€12k▲
Current investments50/53€250k€300k▲
Cash at bank and in hand54/58€255k€128k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€767k€673k▼
Equity10/15€750k€661k▼
Contributions10/11€6k€6k=
Reserves13€744k€655k▼
Distributable reserves133€744k€655k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€17k€12k▼
Amounts payable within one year42/48€17k€12k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€9k€8k▼
Taxes450/3€7k€5k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€5k€2k▼
Accrued charges and deferred income492/3€387€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€32k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€318k€77k▼
Operating profit (loss)9901€283k€39k▼
Financial income75/76B€6k€5k▼
Recurring financial income75€6k€5k▼
Financial charges65/66B€128€145▲
Recurring financial charges65€128€145▲
Profit (loss) for the period before taxes9903€289k€45k▼
Income taxes67/77€91k€15k▼
Profit (loss) for the period9904€199k€30k▼
Profit (loss) for the period to be appropriated9905€199k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€199k€30k▼
Transfer from equity791/2-€117k
Transfer to equity691/2€197k€28k▼
To other reserves6921€197k€28k▼
Profit to be distributed694/7€2k€119k▲
Return on contributions (dividend)694€2k€119k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (4 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
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €30k ▼85%
Net result drops to €30k, the lowest in the series.
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €199k ▲68.8%
Operating result €283k, net result €199k, both a record.
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Liquidity times 10current ratio 26.19
Current ratio from 2.70 to 26.19; short-term debt falls from €82k to €11k.
30-09
Financial
Equity above €500kEq €553k ▲26.6%
6 profitable years in a row build equity to €553k.
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €200kEq €271k ▲36.8%
3 profitable years in a row build equity to €271k.
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Liquidity times 6current ratio 2.89
Current ratio from 0.47 to 2.89; short-term debt falls from €54k to €20k.
30-09
Financial
Equity above €150kEq €198k ▲58.8%
2 profitable years in a row build equity to €198k.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-04
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
3 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, Anzegem · 1 establishment unit since 2013
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.
Westdorp 598573 AnzegemGround area
2,168 m²
Building footprint
257 m²
Volume, LiDAR
1,949 m³
Parcel 34037B0606/00M002, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Demarso
since 20132.217.557.184
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34037B0606/00M002 | Flanders | 2,168 m² | 1 · 257 m² | 11.9 m · 3 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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Lore Vanhoutte
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CALAFATE
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NELENCO
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 13,342 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2013
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.