DEMCA
ActiveSummary
DEMCA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €710k and a net result of €15k. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 58% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-12
Solvency66▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.23 in 2024; short-term debt: 54.5% and cash: 6.8% of total assets), and 59.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.8%
Return on assets
0.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
on the day
2023
9 d early
2022
39 d early
2021
45 d early
2020
4 d early
2019
41 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€710k▼ 1.4%
2024 · €720k
Total assets
€1.74M▲ 1.4%
2024 · €1.72M
Net result
€15k▼ 92.2%
2024 · €194k
Working capital
€208k▼ 7.2%
2024 · €224k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€306k▲ 74.5%€87k▼ 71.6%€86k▼ 0.3%€83k▼ 3.5%€71k▼ 15.0%
Net result€217k▲ 71.2%€50k▼ 77.2%€42k▼ 15.3%€194k▲ 362%€15k▼ 92.2%
Equity€435k▲ 84.1%€484k▲ 11.4%€526k▲ 8.7%€720k▲ 36.9%€710k▼ 1.4%
Total assets€740k▲ 30.9%€1.56M▲ 111%€1.52M▼ 2.5%€1.72M▲ 12.8%€1.74M▲ 1.4%
Debt€305k▼ 7.3%€1.08M▲ 253%€997k▼ 7.5%€998k▲ 0.1%€1.03M▲ 3.4%
Working capital€148k▲ 70.0%€-563k€-476k▲ 15.5%€224k€208k▼ 7.2%
Staff (FTE)2▲ 122%2.4▲ 20.0%3.8▲ 58.3%3.9▲ 2.6%3.8▼ 2.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 15% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.74M
Fixed assets
€584k ▲ 10.5%
Current assets
€1.16M ▼ 2.7%
Equity and liabilities €1.74M
Equity
€710k ▼ 1.4%
Debt
€1.03M ▲ 3.4%
Debt's share of the balance-sheet total rises from 58.1% to 59.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€101k▼
2024 · €115k
Cash flow
€46k▼
2024 · €226k
Current ratio
1.22▼
2024 · 1.23
Quick ratio
0.49▲
2024 · 0.44
Debt to equity
1.45▲
2024 · 1.39
ROE
2.1%▼
2024 · 27.0%
ROA
0.9%▼
2024 · 11.3%
Interest coverage
2.11▲
2024 · 1.91
Debt ≤ 1 year
€949k▼
2024 · €965k
Debt > 1 year
€73k▲
2024 · €21k
Income taxes
€11k▼
2024 · €30k
Staff costs
€220k▼
2024 · €230k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €112k | €203k | €230k | €220k | ▼ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €17k | €27k | €31k | €31k | ▼ 2.7% |
| Other operating charges640/8 | - | €22k | €12k | €15k | €22k | ▲ 49.1% |
| Gross operating margin9900 | €423k | €237k | €328k | €360k | €343k | ▼ 4.5% |
| Operating profit (loss)9901 | €306k | €87k | €86k | €83k | €71k | ▼ 15.0% |
| Financial income75/76B | - | €4k | €4k | €201k | €4k | ▼ 98.3% |
| Recurring financial income75 | - | €4k | €4k | €201k | €4k | ▼ 98.3% |
| Financial charges65/66B | - | €8k | €22k | €60k | €48k | ▼ 20.4% |
| Recurring financial charges65 | €4k | €8k | €22k | €60k | €48k | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | €302k | €83k | €69k | €224k | €26k | ▼ 88.2% |
| Income taxes67/77 | €85k | €33k | €27k | €30k | €11k | ▼ 62.3% |
| Profit (loss) for the period9904 | €217k | €50k | €42k | €194k | €15k | ▼ 92.2% |
| Profit (loss) for the period to be appropriated9905 | €217k | €50k | €42k | €194k | €15k | ▼ 92.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €740k | €1.56M | €1.52M | €1.72M | €1.74M | ▲ 1.4% |
| Fixed assets21/28 | €420k | €1.16M | €1.06M | €529k | €584k | ▲ 10.5% |
| Tangible fixed assets22/27 | €169k | €241k | €145k | €164k | €220k | ▲ 33.7% |
| Land and buildings22 | - | €169k | €91k | €84k | €151k | ▲ 80.5% |
| Plant, machinery and equipment23 | - | - | €1k | €508 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €46k | €46k | ▲ 0.3% |
| Leasing and similar rights25 | - | €72k | €53k | €34k | €22k | ▼ 34.6% |
| Financial fixed assets28 | €250k | €918k | €918k | €365k | €365k | = |
| Current assets29/58 | €320k | €403k | €460k | €1.19M | €1.16M | ▼ 2.7% |
| Amounts receivable after more than one year29 | - | €233k | €210k | €186k | €164k | ▼ 11.7% |
| Other amounts receivable291 | - | €233k | €210k | €186k | €164k | ▼ 11.7% |
| Stocks and contracts in progress3 | - | - | €6k | €770k | €694k | ▼ 9.8% |
| Stocks30/36 | - | - | €6k | €770k | €694k | ▼ 9.8% |
| Amounts receivable within one year40/41 | €224k | €29k | €187k | €114k | €178k | ▲ 56.6% |
| Trade receivables40 | - | €19k | €53k | €74k | €152k | ▲ 107% |
| Other amounts receivable41 | - | €10k | €134k | €40k | €26k | ▼ 35.2% |
| Cash at bank and in hand54/58 | €96k | €133k | €55k | €118k | €119k | ▲ 1.0% |
| Deferred charges and accrued income490/1 | - | €8k | €2k | €2k | €2k | ▼ 10.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €740k | €1.56M | €1.52M | €1.72M | €1.74M | ▲ 1.4% |
| Equity10/15 | €435k | €484k | €526k | €720k | €710k | ▼ 1.4% |
| Contributions10/11 | - | €75k | €75k | €75k | €75k | = |
| Reserves13 | €360k | €409k | €451k | €645k | €635k | ▼ 1.6% |
| Non-distributable reserves130/1 | - | €23k | €23k | €0 | - | - |
| Reserves not available under the articles1311 | - | €23k | €23k | €0 | - | - |
| Distributable reserves133 | - | €387k | €429k | €645k | €635k | ▼ 1.6% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €305k | €1.08M | €997k | €998k | €1.03M | ▲ 3.4% |
| Amounts payable after more than one year17 | €133k | €108k | €53k | €21k | €73k | ▲ 241% |
| Financial debts170/4 | - | €108k | €53k | €21k | €73k | ▲ 241% |
| Amounts payable within one year42/48 | €172k | €966k | €936k | €965k | €949k | ▼ 1.7% |
| Current portion of amounts payable after more than one year42 | - | €77k | €55k | €536k | €29k | ▼ 94.7% |
| Financial debts43 | - | €651k | €652k | €260k | €741k | ▲ 185% |
| Credit institutions430/8 | - | €651k | €652k | €260k | €741k | ▲ 185% |
| Trade debts44 | €10k | €18k | €9k | €11k | €17k | ▲ 46.6% |
| Suppliers440/4 | - | €18k | €9k | €11k | €17k | ▲ 46.6% |
| Taxes, remuneration and social security45 | - | €13k | €7k | €29k | €14k | ▼ 53.8% |
| Taxes450/3 | - | €9k | €2k | €23k | €6k | ▼ 74.7% |
| Remuneration and social security454/9 | - | €4k | €5k | €7k | €8k | ▲ 15.9% |
| Other amounts payable47/48 | - | €208k | €213k | €128k | €149k | ▲ 16.5% |
| Accrued charges and deferred income492/3 | - | €3k | €8k | €12k | €10k | ▼ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €217k | €50k | €42k | €194k | €15k | ▼ 92.2% |
| + Depreciation and write-downs630 | €17k | €17k | €27k | €31k | €31k | ▼ 2.7% |
| Operating cash flow (approximation) | €234k | €66k | €69k | €226k | €46k | ▼ 79.8% |
| Investment in fixed assets (approximation) | - | €-756k | €69k | €503k | €-86k | ▼ 117% |
| Change in cash | - | €37k | €-78k | €62k | €1k | ▼ 98.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €15k ▼92.2%
Net result drops to €15k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Liquidity triplescurrent ratio 1.23
Current ratio from 0.49 to 1.23.
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €500kEq €526k ▲8.7%
5 profitable years in a row build equity to €526k.
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Highest result since 2019net €217k ▲71.2%
Operating result €306k, net result €217k, both a record.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Liquidity triplescurrent ratio 1.69
Current ratio from 0.58 to 1.69; short-term debt falls from €206k to €126k.
30-06
Financial
Equity above €200kEq €236k ▲92.1%
2 profitable years in a row build equity to €236k.
Show earlier events
2019
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
15-12
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.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Middelkerke · 2 establishment units since 1989
Ground area
6,169 m²
Building footprint
1,723 m²
Volume, LiDAR
8,031 m³
2 parcels, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Demca
since 19892.045.446.918
Demca
since 20222.334.936.686
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0053/00C000 | Flanders | 5,278 m² | 1 · 1,542 m² | 6.4 m · 2 fl. |
| 35022A0133/00Y000 | Flanders | 891 m² | 1 · 182 m² | 7.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 469 EUR awarded · 469 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 244 EUR | 244 EUR |
| 2022 | 1 | 225 EUR | 225 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 4,303 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-10-1989
Fiscal year end30-06
Activities, NACEBEL 2025
43320Joinery installation
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.