DEMASOFT
ActiveSummary
DEMASOFT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€80,947) and a net result of €46,324. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 8% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+45
Solvency0=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.24 against 2.18 in 2023; short-term debt: 44.6% and cash: 95.8% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-142.1%
Return on assets
81.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 26049 sector peers (2024).
NBB · sector comparisonPosition among 26049 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
36 d early
2022
38 d early
2021
58 d late
2020
55 d late
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€80,947▲ 36.4%
2023 · -€127,271
Total assets
€56,960▲ 2.2%
2023 · €55,744
Net result
€46,324▲ 1,088%
2023 · €3,901
Working capital
€31,553▲ 4.4%
2023 · €30,229
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€7,236▲ 1,600%€9,690▲ 33.9%€6,806▼ 29.8%€3,992▼ 41.4%€46,427▲ 1,063%
Net result€7,020within the sector's middle half▲ 2,078%€9,528within the sector's middle half▲ 35.7%€6,718within the sector's middle half▼ 29.5%€3,901within the sector's middle half▼ 41.9%€46,324above the sector's middle half▲ 1,088%
Equity-€147,418below the sector's middle half▲ 4.5%-€137,889below the sector's middle half▲ 6.5%-€131,171below the sector's middle half▲ 4.9%-€127,271below the sector's middle half▲ 3.0%-€80,947below the sector's middle half▲ 36.4%
Total assets€37,307below the sector's middle half▲ 21.4%€46,059below the sector's middle half▲ 23.5%€52,249below the sector's middle half▲ 13.4%€55,744below the sector's middle half▲ 6.7%€56,960below the sector's middle half▲ 2.2%
Debt€184,725▼ 0.2%€183,948▼ 0.4%€183,420▼ 0.3%€183,015▼ 0.2%€137,907▼ 24.6%
Working capital-€147,418below the sector's middle half▲ 4.5%€19,611within the sector's middle half€26,329within the sector's middle half▲ 34.3%€30,229within the sector's middle half▲ 14.8%€31,553within the sector's middle half▲ 4.4%
Solvency-395.1%below the sector's middle half▲ 107.2pp-299.4%below the sector's middle half▲ 95.8pp-251.0%below the sector's middle half▲ 48.3pp-228.3%below the sector's middle half▲ 22.7pp-142.1%below the sector's middle half▲ 86.2pp
Current ratio0.20below the sector's middle half▲ 0.041.74within the sector's middle half▲ 1.542.02within the sector's middle half▲ 0.272.18within the sector's middle half▲ 0.172.24within the sector's middle half▲ 0.06
Return on assets (ROA)18.8%above the sector's middle half▲ 17.8pp20.7%above the sector's middle half▲ 1.9pp12.9%above the sector's middle half▼ 7.8pp7.0%within the sector's middle half▼ 5.9pp81.3%above the sector's middle half▲ 74.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,063% above 2023 and is the highest result in the available series.
Key figures and ratios
Debt to equity
-1.70▼
2023 · -1.44
Debt ≤ 1 year
€25,407▼
2023 · €25,515
Debt > 1 year
€112,500▼
2023 · €157,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 3,798 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €522 | €525 | €384 | €875 | ▲ 128% |
| Gross operating margin9900 | €7,638 | €10,213 | €7,330 | €4,376 | €47,302 | ▲ 981% |
| Operating profit (loss)9901 | €7,236 | €9,690 | €6,806 | €3,992 | €46,427 | ▲ 1,063% |
| Financial charges65/66B | - | €162 | €88 | €91 | €104 | ▲ 13.8% |
| Recurring financial charges65 | €216 | €162 | €88 | €91 | €104 | ▲ 13.8% |
| Profit (loss) for the period before taxes9903 | €7,020 | €9,528 | €6,718 | €3,901 | €46,324 | ▲ 1,088% |
| Profit (loss) for the period9904 | €7,020 | €9,528 | €6,718 | €3,901 | €46,324 | ▲ 1,088% |
| Profit (loss) for the period to be appropriated9905 | €7,020 | €9,528 | €6,718 | €3,901 | €46,324 | ▲ 1,088% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,307 | €46,059 | €52,249 | €55,744 | €56,960 | ▲ 2.2% |
| Current assets29/58 | €37,307 | €46,059 | €52,249 | €55,744 | €56,960 | ▲ 2.2% |
| Amounts receivable within one year40/41 | €2,749 | €1,857 | €2,486 | €2,983 | €2,392 | ▼ 19.8% |
| Trade receivables40 | - | €615 | €833 | €1,752 | €1,575 | ▼ 10.1% |
| Other amounts receivable41 | - | €1,241 | €1,653 | €1,231 | €817 | ▼ 33.6% |
| Cash at bank and in hand54/58 | €33,737 | €44,202 | €49,763 | €52,761 | €54,568 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,307 | €46,059 | €52,249 | €55,744 | €56,960 | ▲ 2.2% |
| Equity10/15 | -€147,418 | -€137,889 | -€131,171 | -€127,271 | -€80,947 | ▲ 36.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €957 | €957 | €957 | €957 | €957 | = |
| Non-distributable reserves130/1 | - | €698 | €698 | €698 | €698 | = |
| Reserves not available under the articles1311 | - | €698 | €698 | €698 | €698 | = |
| Distributable reserves133 | - | €259 | €259 | €259 | €259 | = |
| Profit (loss) carried forward14 | -€166,967 | -€157,439 | -€150,721 | -€146,820 | -€100,497 | ▲ 31.6% |
| Amounts payable17/49 | €184,725 | €183,948 | €183,420 | €183,015 | €137,907 | ▼ 24.6% |
| Amounts payable after more than one year17 | - | €157,500 | €157,500 | €157,500 | €112,500 | ▼ 28.6% |
| Financial debts170/4 | - | €157,500 | €157,500 | €157,500 | €112,500 | ▼ 28.6% |
| Amounts payable within one year42/48 | €184,725 | €26,448 | €25,920 | €25,515 | €25,407 | ▼ 0.4% |
| Trade debts44 | - | €515 | - | - | - | - |
| Suppliers440/4 | - | €515 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €248 | - | - | - |
| Taxes450/3 | - | - | €248 | - | - | - |
| Other amounts payable47/48 | - | €25,933 | €25,672 | €25,515 | €25,407 | ▼ 0.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,020 | €9,528 | €6,718 | €3,901 | €46,324 | ▲ 1,088% |
| Operating cash flow (approximation) | €7,020 | €9,528 | €6,718 | €3,901 | €46,324 | ▲ 1,088% |
| Change in cash | - | €10,465 | €5,561 | €2,998 | €1,807 | ▼ 39.7% |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €46,324 ▲1,088%
Operating result €46,427, net result €46,324, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial
Liquidity times 9current ratio 1.74
Current ratio from 0.20 to 1.74; short-term debt falls from €184,725 to €26,448.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Weakest financial yearnet €322 ▼96.5%
Net result drops to €322, the lowest in the series; recovery starts the following year.
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
2018
26-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 26 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Kortenberg · 1 establishment unit since 2001
Ground area
314 m²
Building footprint
117 m²
Volume, LiDAR
524 m³
Parcel 24025B0221/00X002, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Stroeykensstraat 11, 3071 Kortenberg
since 20012.045.519.469
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24025B0221/00X002 | Flanders | 314 m² | 1 · 117 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,342 companies in sector 47621 we hold annual accounts for 1,246. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-10-1989
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438764058
Also
9925:BE0438764058
Registered
07-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.