DEMCO
ActiveSummary
DEMCO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €441k and a net result of €144k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 81% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+99
Solvency100▲+16
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 10.41 against 1.67 in 2024; short-term debt: 5.3% and cash: 26.1% of total assets), and 24.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
75.2%
Return on assets
24.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
2 d early
2023
2 d early
2022
4 d early
2021
5 d early
2020
30 d early
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€441k▲ 48.4%
2024 · €297k
2018: €182k
2019: €168k▼ -8.1% vs 2018lowest in 8 years
2020: €258k▲ +53.9% vs 2019
2021: €376k▲ +45.6% vs 2020
2022: €380k▲ +1.0% vs 2021
2023: €439k▲ +15.6% vs 2022
2024: €297k▼ -32.3% vs 2023
2025: €441k▲ +48.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€587k▲ 16.5%
2024 · €503k
2018: €472k
2019: €443k▼ -6.2% vs 2018lowest in 8 years
2020: €524k▲ +18.4% vs 2019
2021: €594k▲ +13.4% vs 2020highest in 8 years
2022: €573k▼ -3.6% vs 2021
2023: €588k▲ +2.6% vs 2022
2024: €503k▼ -14.3% vs 2023
2025: €587k▲ +16.5% vs 2024
2018 → 2025
Net result
€144k
2024 · €-142k
2018: €-72k
2019: €-15k▲ +79.5% vs 2018
2020: €90k▲ +713% vs 2019
2021: €118k▲ +30.3% vs 2020
2022: €4k▼ -96.7% vs 2021
2023: €59k▲ +1403% vs 2022
2024: €-142k▼ -339% vs 2023lowest in 8 years
2025: €144k▲ +202% vs 2024highest in 8 years
2018 → 2025
Working capital
€291k▲ 274%
2024 · €78k
2018: €-45klowest in 8 years
2019: €-27k▲ +39.8% vs 2018
2020: €70k▲ +357% vs 2019
2021: €187k▲ +169% vs 2020
2022: €183k▼ -2.0% vs 2021
2023: €199k▲ +8.6% vs 2022
2024: €78k▼ -61.0% vs 2023
2025: €291k▲ +274% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€376k-€380k▲ 1.0%€439k▲ 15.6%€297k▼ 32.3%€441k▲ 48.4%
2021: €376k
2022: €380k▲ +1.0% vs 2021
2023: €439k▲ +15.6% vs 2022
2024: €297k▼ -32.3% vs 2023lowest in 5 years
2025: €441k▲ +48.4% vs 2024highest in 5 years
Operating result€124k-€-24k€54k€-126k€141k
2021: €124k
2022: €-24k▼ -119% vs 2021
2023: €54k▲ +323% vs 2022
2024: €-126k▼ -335% vs 2023lowest in 5 years
2025: €141k▲ +211% vs 2024highest in 5 years
Net result€118k-€4k▼ 96.7%€59k▲ 1,403%€-142k€144k
2021: €118k
2022: €4k▼ -96.7% vs 2021
2023: €59k▲ +1403% vs 2022
2024: €-142k▼ -339% vs 2023lowest in 5 years
2025: €144k▲ +202% vs 2024highest in 5 years
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 2025: €141k after a loss of €126k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €587k
Fixed assets
€265k ▼ 14.3%
Current assets
€322k ▲ 65.5%
Equity and liabilities €587k
Equity
€441k ▲ 48.4%
Debt
€146k ▼ 29.4%
Debt's share of the balance-sheet total falls from 41.0% to 24.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€194k▲
2024 · €-75k
Cash flow
€197k▲
2024 · €-90k
Current ratio
10.41▲
2024 · 1.67
Debt to equity
0.33▼
2024 · 0.69
ROE
32.6%▲
2024 · -47.6%
ROA
24.5%▲
2024 · -28.1%
Interest coverage
48.21▲
2024 · -4.98
Debt ≤ 1 year
€31k▼
2024 · €117k
Debt > 1 year
€73k▼
2024 · €87k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€503k€587k▲
Fixed assets21/28€309k€265k▼
Tangible fixed assets22/27€309k€265k▼
Land and buildings22€216k€200k▼
Plant, machinery and equipment23€93k€64k▼
Current assets29/58€195k€322k▲
Amounts receivable within one year40/41€143k€169k▲
Trade receivables40€142k€168k▲
Other amounts receivable41€542€560▲
Cash at bank and in hand54/58€52k€153k▲
Deferred charges and accrued income490/1€377€387▲
Equity and liabilities
Total equity and liabilities10/49€503k€587k▲
Equity10/15€297k€441k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€377k€377k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€371k€371k=
Profit (loss) carried forward14€-142k€2k▲
Amounts payable17/49€206k€146k▼
Amounts payable after more than one year17€87k€73k▼
Financial debts170/4€87k€73k▼
Amounts payable within one year42/48€117k€31k▼
Current portion of amounts payable after more than one year42€14k€14k=
Trade debts44€87k€2k▼
Suppliers440/4€87k€2k▼
Other amounts payable47/48€16k€15k▼
Accrued charges and deferred income492/3€2k€41k▲
Income statement
Code20242025
Non-recurring operating income76A-€66k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€53k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-73k€196k▲
Operating profit (loss)9901€-126k€141k▲
Financial income75/76B€0€7k▲
Recurring financial income75€0€7k▲
Financial charges65/66B€15k€4k▼
Recurring financial charges65€15k€4k▼
Profit (loss) for the period before taxes9903€-142k€144k▲
Profit (loss) for the period9904€-142k€144k▲
Profit (loss) for the period to be appropriated9905€-142k€144k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-142k€2k▲
Profit (loss) brought forward from the previous period14P€0€-142k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €66k | - |
| Remuneration, social security and pensions62 | €115 | €226 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42k | €37k | €44k | €51k | €53k | ▲ 4.4% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▼ 21.4% |
| Gross operating margin9900 | €169k | €15k | €100k | €-73k | €196k | ▲ 368% |
| Operating profit (loss)9901 | €124k | €-24k | €54k | €-126k | €141k | ▲ 211% |
| Financial income75/76B | - | €33k | €13k | €0 | €7k | ▲ 7,026,430% |
| Recurring financial income75 | - | €33k | €13k | €0 | €7k | ▲ 7,026,430% |
| Financial charges65/66B | €7k | €5k | €7k | €15k | €4k | ▼ 73.4% |
| Recurring financial charges65 | €7k | €5k | €7k | €15k | €4k | ▼ 73.4% |
| Profit (loss) for the period before taxes9903 | €118k | €4k | €59k | €-142k | €144k | ▲ 202% |
| Profit (loss) for the period9904 | €118k | €4k | €59k | €-142k | €144k | ▲ 202% |
| Profit (loss) for the period to be appropriated9905 | €118k | €4k | €59k | €-142k | €144k | ▲ 202% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €594k | €573k | €588k | €503k | €587k | ▲ 16.5% |
| Fixed assets21/28 | €320k | €348k | €342k | €309k | €265k | ▼ 14.3% |
| Tangible fixed assets22/27 | €320k | €348k | €342k | €309k | €265k | ▼ 14.3% |
| Land and buildings22 | €262k | €247k | €231k | €216k | €200k | ▼ 7.2% |
| Plant, machinery and equipment23 | €58k | €101k | €111k | €93k | €64k | ▼ 30.9% |
| Current assets29/58 | €274k | €225k | €245k | €195k | €322k | ▲ 65.5% |
| Amounts receivable within one year40/41 | €3k | €36k | €9k | €143k | €169k | ▲ 18.3% |
| Trade receivables40 | €57 | €35k | €0 | €142k | €168k | ▲ 18.4% |
| Other amounts receivable41 | €2k | €1k | €9k | €542 | €560 | ▲ 3.2% |
| Cash at bank and in hand54/58 | €271k | €186k | €233k | €52k | €153k | ▲ 196% |
| Deferred charges and accrued income490/1 | €210 | €3k | €4k | €377 | €387 | ▲ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €594k | €573k | €588k | €503k | €587k | ▲ 16.5% |
| Equity10/15 | €376k | €380k | €439k | €297k | €441k | ▲ 48.4% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €377k | €377k | €377k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €20 | €20 | €371k | €371k | €371k | = |
| Profit (loss) carried forward14 | €307k | €311k | €0 | €-142k | €2k | ▲ 102% |
| Amounts payable17/49 | €218k | €193k | €149k | €206k | €146k | ▼ 29.4% |
| Amounts payable after more than one year17 | €129k | €115k | €101k | €87k | €73k | ▼ 15.8% |
| Financial debts170/4 | €129k | €115k | €101k | €87k | €73k | ▼ 15.8% |
| Amounts payable within one year42/48 | €87k | €42k | €46k | €117k | €31k | ▼ 73.5% |
| Current portion of amounts payable after more than one year42 | €14k | €14k | €14k | €14k | €14k | = |
| Trade debts44 | €3k | €220 | €51 | €87k | €2k | ▼ 97.8% |
| Suppliers440/4 | €3k | €220 | €51 | €87k | €2k | ▼ 97.8% |
| Other amounts payable47/48 | €70k | €28k | €32k | €16k | €15k | ▼ 3.2% |
| Accrued charges and deferred income492/3 | €3k | €37k | €2k | €2k | €41k | ▲ 1,737% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118k | €4k | €59k | €-142k | €144k | ▲ 202% |
| + Depreciation and write-downs630 | €42k | €37k | €44k | €51k | €53k | ▲ 4.4% |
| Operating cash flow (approximation) | €160k | €41k | €103k | €-90k | €197k | ▲ 318% |
| Investment in fixed assets (approximation) | - | €-64k | €-39k | €-18k | €-9k | ▲ 48.6% |
| Change in cash | - | €-85k | €47k | €-181k | €101k | ▲ 156% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €144k
Net result €144k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 10.41
Current ratio from 1.67 to 10.41; short-term debt falls from €117k to €31k.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-142k
Net result drops to €-142k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 3.16
Current ratio from 1.56 to 3.16; short-term debt falls from €124k to €87k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €90k
Net result €90k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.56
Current ratio from 0.77 to 1.56.
Show earlier events
31-12
Financial
Equity above €200kEq €258k ▲53.9%
Equity rises from €168k to €258k.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Hasselt · 1 establishment unit since 1998
Ground area
1,743 m²
Building footprint
634 m²
Volume, LiDAR
3,698 m³
Parcel 73101B0209/00D002, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wintershovenstraat 8, 3722 Hasselt
since 19982.078.689.709
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73101B0209/00D002 | Flanders | 1,743 m² | 1 · 634 m² | 10.8 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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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 4,556 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-10-1996
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.