Demco
ActiveThe computed 12-month bankruptcy probability of Demco is 1.7% (moderate). The 2024 annual accounts show equity of €31k and a net result of €95k. Its solvency ranks better than 40% of 18942 sector peers (fiscal year 2024). The company has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency42▲+42
Growth78
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.53 in 2023; short-term debt: 83.2% and cash: 38.2% of total assets), and 83.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
5 d late
2023
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€31k
2023 · €-63k
2023: €-63k
2023 → 2024
Total assets
€186k▲ 49.7%
2023 · €124k
2023: €124k
2023 → 2024
Net result
€95k
2023 · €-102k
2023: €-102k
2023 → 2024
Working capital
€-1k▲ 98.5%
2023 · €-88k
2023: €-88k
2023 → 2024
Multi-year overview
Available amounts per fiscal year
Line20232024Trend
Equity€-63k-€31k
Operating result€-83k-€113k
Net result€-102k-€95k
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 returns to profit in 2024: €113k after a loss of €83k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €186k
Fixed assets
€33k▲ 31.0%
Current assets
€154k▲ 54.4%
Equity and liabilities €186k
Equity
€31k
Debt
€155k
Debt finances 83.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€117k▲
2023 · €-79k
Cash flow
€99k▲
2023 · €-97k
Solvency
16.7%▲
2023 · -50.9%
Current ratio
0.99▲
2023 · 0.53
Quick ratio
0.66▲
2023 · 0.35
Debt / equity
4.97▲
2023 · -2.97
ROE
302.9%
ROA
50.7%▲
2023 · -81.8%
Interest coverage
6.42▲
2023 · -4.19
Debt
€155k▼
2023 · €188k
Debt ≤ 1 year
€155k▼
2023 · €188k
Staff costs
€540k▼
2023 · €724k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€124k€186k▲
Fixed assets21/28€25k€33k▲
Tangible fixed assets22/27€25k€33k▲
Plant, machinery and equipment23€23k€31k▲
Furniture and vehicles24€2k€1k▼
Current assets29/58€100k€154k▲
Stocks and contracts in progress3€34k€51k▲
Stocks30/36€34k€51k▲
Amounts receivable within one year40/41€3k€18k▲
Trade receivables40€3k€16k▲
Other amounts receivable41€0€2k▲
Cash at bank and in hand54/58€47k€71k▲
Deferred charges and accrued income490/1€16k€13k▼
Equity and liabilities
Total equity and liabilities10/49€124k€186k▲
Equity10/15€-63k€31k▲
Contributions10/11€38k€38k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€0▼
Reserves not available under the articles1311€4k€0▼
Distributable reserves133-€4k
Profit (loss) carried forward14€-105k€-11k▲
Amounts payable17/49€188k€155k▼
Amounts payable within one year42/48€188k€155k▼
Trade debts44€54k€41k▼
Suppliers440/4€54k€41k▼
Taxes, remuneration and social security45€130k€114k▼
Taxes450/3€11k€10k▼
Remuneration and social security454/9€119k€104k▼
Other amounts payable47/48€4k€157▼
Accrued charges and deferred income492/3€64€64=
Income statement
Code20232024
Remuneration, social security and pensions62€724k€540k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€180€5k▲
Gross operating margin9900€645k€662k▲
Operating profit (loss)9901€-83k€113k▲
Financial income75/76B€307€168▼
Recurring financial income75€307€168▼
Financial charges65/66B€19k€18k▼
Recurring financial charges65€19k€18k▼
Profit (loss) for the period before taxes9903€-102k€95k▲
Profit (loss) for the period9904€-102k€95k▲
Profit (loss) for the period to be appropriated9905€-102k€95k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-105k€-11k▲
Profit (loss) brought forward from the previous period14P€-3k€-105k▼
Social balance
Average headcount (FTE)908712.0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Back to profitnet €95k
Net result €95k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 1965
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.
Prinsengalerij 11000 BrusselGround area
97 m²
Parcel 21802B1344/00L002, Brussels. Linked by address, not a title deed.
1 establishment unit
L OGENBLIK
since 19652.000.472.273
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B1344/00L002 | Brussels | 97 m² | - | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.000.472.273
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M.P.
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HAGIO
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Nippon
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,453. 9,500 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-05-1965
Fiscal year end31-12
Trade name FR
Restaurant de l’Ogenblik
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.